NOVADAQ TECHNOLOGIES INC's gross profit margin for the fourth quarter of its fiscal year 2014 has increased when compared to the same period a year ago. Even though sales increased, the net income has decreased, representing a decrease to the bottom line. NOVADAQ TECHNOLOGIES INC is extremely liquid. Currently, the Quick Ratio is 21.74 which clearly shows the ability to cover any short-term cash needs. The company's liquidity has increased from the same period last year.
During the same period, stockholders' equity ("net worth") has decreased by 7.20% from the same quarter last year. Overall, the key liquidity measurements indicate that the company is very unlikely to face financial difficulties in the near future.
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|Income Statement||Q4 FY14||Q4 FY13|
|Net Sales ($mil)||13.02||10.75|
|Net Income ($mil)||-17.55||-2.72|
|Balance Sheet||Q4 FY14||Q4 FY13|
|Cash & Equiv. ($mil)||141.45||182.33|
|Total Assets ($mil)||197.71||212.37|
|Total Debt ($mil)||0.0||0.02|
|Profitability||Q4 FY14||Q4 FY13|
|Gross Profit Margin||81.76||72.61|
|Return on Assets||-12.31||-10.5|
|Return on Equity||-14.98||-12.73|
|Debt||Q4 FY14||Q4 FY13|
|Share Data||Q4 FY14||Q4 FY13|
|Shares outstanding (mil)||55.57||54.89|
|Div / share||0.0||0.0|
|Book value / share||2.92||3.19|
|Institutional Own %||n/a||n/a|
|Avg Daily Volume||232126.0||410161.0|
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. Conducting a second comparison, its price-to-book ratio of 5.54 indicates a significant premium versus the S&P 500 average of 2.84 and a premium versus the industry average of 5.48. The price-to-sales ratio is well above both the S&P 500 average and the industry average, indicating a premium. Upon assessment of these and other key valuation criteria, NOVADAQ TECHNOLOGIES INC seems to be trading at a premium to investment alternatives within the industry.
|NVDQ NM||Peers 41.03||NVDQ NM||Peers 26.46|
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.
NVDQ's P/E is negative making this valuation measure meaningless.
Neutral. The P/CF ratio, a stock’s price divided by the company's cash flow from operations, is useful for comparing companies with different capital requirements or financing structures.
NVDQ's P/CF is negative making the measure meaningless.
|NVDQ NA||Peers 99.09||NVDQ NA||Peers 0.94|
Neutral. A lower price-to-projected earnings ratio than its peers can signify a less expensive stock or lower future growth potential.
Ratio not available.
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.
|NVDQ 5.54||Peers 5.48||NVDQ -59.57||Peers -16.59|
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.
NVDQ 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, NVDQ is expected to significantly trail its peers on the basis of its earnings growth rate.
|NVDQ 19.32||Peers 6.03||NVDQ 33.06||Peers 6.78|
Premium. 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.
NVDQ is trading at a significant premium to its industry.
Higher. A sales growth rate that exceeds the industry implies that a company is gaining market share.
NVDQ has a sales growth rate that significantly exceeds its peers.
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