-0.02 | -0.91%
MATTSON TECHNOLOGY INC's gross profit margin for the first quarter of its fiscal year 2013 has significantly decreased when compared to the same period a year ago. Sales and net income fell significantly; although net income growth outperformed the average competitor in its industry, revenue growth did not. MATTSON TECHNOLOGY INC has weak liquidity. Currently, the Quick Ratio is 0.84 which shows a lack of ability to cover short-term cash needs. The company's liquidity has decreased from the same period last year, indicating deteriorating cash flow.
At the same time, stockholders' equity ("net worth") has significantly decreased by 43.57% from the same quarter last year. Overall, the key liquidity measurements indicate that the company is in a position in which financial difficulties could develop in the future.
| Income Statement | Q1 FY13 | Q1 FY12 |
|---|---|---|
| Net Sales ($mil) | 20.24 | 50.5 |
| EBITDA ($mil) | 0.0 | 0.57 |
| EBIT ($mil) | -7.5 | -0.31 |
| Net Income ($mil) | -9.51 | -1.12 |
| Balance Sheet | Q1 FY13 | Q1 FY12 |
|---|---|---|
| Cash & Equiv. ($mil) | 12.69 | 37.44 |
| Total Assets ($mil) | 73.2 | 111.41 |
| Total Debt ($mil) | 0.0 | 0.0 |
| Equity ($mil) | 33.67 | 59.68 |
| Profitability | Q1 FY13 | Q1 FY12 |
|---|---|---|
| Gross Profit Margin | 21.58 | 35.28 |
| EBITDA Margin | 0.0 | 1.12 |
| Operating Margin | -37.04 | -0.62 |
| Sales Turnover | 1.31 | 1.69 |
| Return on Assets | -37.85 | -11.48 |
| Return on Equity | -82.28 | -21.44 |
| Debt | Q1 FY13 | Q1 FY12 |
|---|---|---|
| Current Ratio | 1.98 | 2.28 |
| Debt/Capital | 0.0 | 0.0 |
| Interest Expense | 0.0 | 0.0 |
| Interest Coverage | 0.0 | 0.0 |
| Share Data | Q1 FY13 | Q1 FY12 |
|---|---|---|
| Shares outstanding (mil) | 58.73 | 58.48 |
| Div / share | 0.0 | 0.0 |
| EPS | -0.16 | -0.02 |
| Book value / share | 0.57 | 1.02 |
| Institutional Own % | n/a | n/a |
| Avg Daily Volume | 371586.0 | 277608.0 |
SELL. The current P/E ratio is negative, which has no meaningful value in the assessment of premium or discount valuation, it simply displays that the company has negative earnings. To use another comparison, its price-to-book ratio of 3.21 indicates a premium versus the S&P 500 average of 2.44 and a discount versus the industry average of 3.22. The price-to-sales ratio is below the S&P 500 average and is well below the industry average, indicating a discount. After reviewing these and other key valuation criteria, MATTSON TECHNOLOGY INC proves to trade at a discount to investment alternatives within the industry.
| Price/Earnings |
|
Price/Cash Flow |
| |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| MTSN NM | Peers 23.15 | MTSN NA | Peers 22.89 | |||||||||||||||||||||
|
Neutral. The absence of a valid P/E ratio happens when a stock can not be valued on the basis of a negative stream of earnings. MTSN's P/E is negative making this valuation measure meaningless. |
Neutral. The P/CF ratio is the stock’s price divided by the sum of the company's cash flow from operations. It is useful for comparing companies with different capital requirements or financing structures. Ratio not available. |
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| Price/Projected Earnings |
|
Price to Earnings/Growth |
|
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| MTSN 23.00 | Peers 24.66 | MTSN NA | Peers 2.36 | |||||||||||||||||||||
|
Neutral. The absence of a valid price-to-projected earnings ratio happens when a stock can not be valued on the basis of a negative expected future earnings. MTSN's ratio is negative making this valuation measure meaningless. |
Neutral. The PEG ratio is the stock’s P/E divided by the consensus estimate of long-term earnings growth. Faster growth can justify higher price multiples. Ratio not available. |
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| Price/Book |
|
Earnings Growth |
|
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| MTSN 3.21 | Peers 3.22 | MTSN -104.34 | Peers -20.93 | |||||||||||||||||||||
|
Average. A lower price-to-book ratio makes a stock more attractive to investors seeking stocks with lower market values per dollar of equity on the balance sheet. MTSN is trading at a valuation on par with its peers. |
Lower. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios. However, MTSN is expected to significantly trail its peers on the basis of its earnings growth rate. |
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| Price/Sales |
|
Sales Growth |
|
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| MTSN 1.12 | Peers 3.49 | MTSN -48.91 | Peers 3.23 | |||||||||||||||||||||
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Discount. In the absence of P/E and P/B multiples, the price-to-sales ratio can display the value investors are placing on each dollar of sales. MTSN is trading at a significant discount to its industry on this measurement. |
Lower. A sales growth rate that trails the industry implies that a company is losing market share. MTSN significantly trails its peers on the basis of sales growth |
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