0.01 | 0.42%
PENDRELL CORP's gross profit margin for the first quarter of its fiscal year 2013 has significantly 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. PENDRELL CORP is extremely liquid. Currently, the Quick Ratio is 14.34 which clearly shows the ability to cover any short-term cash needs. PCO managed to increase the liquidity from the same period a year ago, despite already having very strong liquidity to begin with. This would indicate improved cash flow.
During the same period, stockholders' equity ("net worth") has increased by 18.35% 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.
| Income Statement | Q1 FY13 | Q1 FY12 |
|---|---|---|
| Net Sales ($mil) | 10.99 | 3.7 |
| EBITDA ($mil) | -8.87 | -6.17 |
| EBIT ($mil) | -12.65 | -8.94 |
| Net Income ($mil) | -12.37 | -1.84 |
| Balance Sheet | Q1 FY13 | Q1 FY12 |
|---|---|---|
| Cash & Equiv. ($mil) | 210.07 | 208.62 |
| Total Assets ($mil) | 394.88 | 430.28 |
| Total Debt ($mil) | 0.0 | 15.09 |
| Equity ($mil) | 359.19 | 303.49 |
| Profitability | Q1 FY13 | Q1 FY12 |
|---|---|---|
| Gross Profit Margin | -80.66 | -166.8 |
| EBITDA Margin | -80.65 | -166.8 |
| Operating Margin | -115.11 | -241.58 |
| Sales Turnover | 0.1 | 0.01 |
| Return on Assets | 7.48 | 3.67 |
| Return on Equity | 8.22 | 5.21 |
| Debt | Q1 FY13 | Q1 FY12 |
|---|---|---|
| Current Ratio | 14.47 | 4.53 |
| Debt/Capital | 0.0 | 0.05 |
| Interest Expense | 0.0 | 1.25 |
| Interest Coverage | 0.0 | -7.15 |
| Share Data | Q1 FY13 | Q1 FY12 |
|---|---|---|
| Shares outstanding (mil) | 265.37 | 260.86 |
| Div / share | 0.0 | 0.0 |
| EPS | -0.05 | -0.01 |
| Book value / share | 1.35 | 1.16 |
| Institutional Own % | n/a | n/a |
| Avg Daily Volume | 330347.0 | 378278.0 |
HOLD. The current P/E ratio indicates a significant discount compared to an average of 32.93 for the Professional Services industry and a value on par with the S&P 500 average of 19.08. To use another comparison, its price-to-book ratio of 1.71 indicates a discount versus the S&P 500 average of 2.44 and a significant discount versus the industry average of 7.23. 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, PENDRELL CORP proves to trade at a discount to investment alternatives within the industry.
| Price/Earnings |
|
Price/Cash Flow |
| |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| PCO 21.00 | Peers 32.93 | PCO 42.54 | Peers 16.32 | |||||||||||||||||||||
|
Discount. A lower P/E ratio than its peers can signify a less expensive stock or lower growth expectations. PCO is trading at a significant discount to its peers. |
Premium. 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. PCO is trading at a significant premium to its peers. |
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| Price/Projected Earnings |
|
Price to Earnings/Growth |
|
|||||||||||||||||||||
| PCO NA | Peers 19.59 | PCO NA | Peers 0.77 | |||||||||||||||||||||
|
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. |
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| Price/Book |
|
Earnings Growth |
|
|||||||||||||||||||||
| PCO 1.71 | Peers 7.23 | PCO 83.33 | Peers 22.84 | |||||||||||||||||||||
|
Discount. 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. PCO is trading at a significant discount to its peers. |
Higher. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios. PCO is expected to have an earnings growth rate that significantly exceeds its peers. |
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| Price/Sales |
|
Sales Growth |
|
|||||||||||||||||||||
| PCO 14.93 | Peers 2.91 | PCO 548.16 | Peers 13.29 | |||||||||||||||||||||
|
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. PCO 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. PCO has a sales growth rate that significantly exceeds its peers. |
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