Pro-Dex Inc.
Find Ratings ReportsPRO-DEX INC/CO's gross profit margin for the second quarter of its fiscal year 2024 is essentially unchanged 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. PRO-DEX INC/CO is extremely liquid. Currently, the Quick Ratio is 2.07 which clearly shows the ability to cover any short-term cash needs. The company's liquidity has increased from the same period last year, indicating improving cash flow.
At the same time, stockholders' equity ("net worth") has greatly increased by 29.87% 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 | Q2 FY24 | Q2 FY23 |
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Net Sales ($mil) | 12.59 | 11.28 |
EBITDA ($mil) | 1.06 | 1.33 |
EBIT ($mil) | 0.78 | 1.14 |
Net Income ($mil) | 0.5 | 2.75 |
Balance Sheet | Q2 FY24 | Q2 FY23 |
---|---|---|
Cash & Equiv. ($mil) | 7.09 | 1.52 |
Total Assets ($mil) | 51.43 | 47.58 |
Total Debt ($mil) | 13.92 | 14.95 |
Equity ($mil) | 31.79 | 24.47 |
Profitability | Q2 FY24 | Q2 FY23 |
---|---|---|
Gross Profit Margin | 24.53 | 24.93 |
EBITDA Margin | 8.43 | 11.76 |
Operating Margin | 6.16 | 10.07 |
Sales Turnover | 0.94 | 0.93 |
Return on Assets | 5.84 | 13.37 |
Return on Equity | 9.45 | 26.01 |
Debt | Q2 FY24 | Q2 FY23 |
---|---|---|
Current Ratio | 3.66 | 2.69 |
Debt/Capital | 0.3 | 0.38 |
Interest Expense | 0.14 | 0.13 |
Interest Coverage | 5.62 | 8.88 |
Share Data | Q2 FY24 | Q2 FY23 |
---|---|---|
Shares outstanding (mil) | 3.54 | 3.55 |
Div / share | 0.0 | 0.0 |
EPS | 0.14 | 0.75 |
Book value / share | 8.98 | 6.89 |
Institutional Own % | n/a | n/a |
Avg Daily Volume | 8120.0 | 4288.0 |
HOLD. The current P/E ratio indicates a significant discount compared to an average of 49.88 for the Miscellaneous Manufacturing subsector and a discount compared to the S&P 500 average of 27.95. For additional comparison, its price-to-book ratio of 1.94 indicates a significant discount versus the S&P 500 average of 4.68 and a significant discount versus the subsector average of 4.96. The price-to-sales ratio is well below both the S&P 500 average and the subsector average, indicating a discount. Upon assessment of these and other key valuation criteria, PRO-DEX INC/CO proves to trade at a discount to investment alternatives.
Price/Earnings |
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Price/Cash Flow |
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PDEX 20.71 | Peers 49.88 | PDEX 15.14 | Peers 33.16 | |||||||||||||||||||||
Discount. A lower P/E ratio than its peers can signify a less expensive stock or lower growth expectations. PDEX is trading at a significant discount to its peers. |
Discount. 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. PDEX is trading at a significant discount to its peers. |
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Price/Projected Earnings |
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Price to Earnings/Growth |
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PDEX 12.61 | Peers 24.07 | PDEX NM | Peers 0.91 | |||||||||||||||||||||
Average. An average price-to-projected earnings ratio can signify an subsector neutral stock price and average future growth expectations. PDEX is trading at a valuation on par with its peers. |
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. PDEX's negative PEG ratio makes this valuation measure meaningless. |
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Price/Book |
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Earnings Growth |
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PDEX 1.94 | Peers 4.96 | PDEX -51.17 | Peers 126.83 | |||||||||||||||||||||
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. PDEX is trading at a significant discount to its peers. |
Lower. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios. However, PDEX is expected to significantly trail its peers on the basis of its earnings growth rate. |
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Price/Sales |
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Sales Growth |
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PDEX 1.28 | Peers 6.41 | PDEX 9.02 | Peers 8.91 | |||||||||||||||||||||
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. PDEX is trading at a significant discount to its subsector on this measurement. |
Average. Comparing a company's sales growth to its subsector helps to determine if the company is adding or losing market share. PDEX is keeping pace with its peers on the basis of sales growth. |
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