Perion Network Ltd
Find Ratings ReportsPERION NETWORK LTD's gross profit margin for the fourth quarter of its fiscal year 2023 is essentially unchanged when compared to the same period a year ago. The company has grown sales and net income during the past quarter when compared with the same quarter a year ago, however, it was unable to keep up with the growth of the average competitor within its subsector. PERION NETWORK LTD is extremely liquid. Currently, the Quick Ratio is 2.08 which clearly shows the ability to cover any short-term cash needs. The company's liquidity has decreased from the same period last year.
During the same period, stockholders' equity ("net worth") has increased by 23.15% 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 FY23 | Q4 FY22 |
---|---|---|
Net Sales ($mil) | 234.23 | 209.67 |
EBITDA ($mil) | 45.9 | 44.93 |
EBIT ($mil) | 41.99 | 41.19 |
Net Income ($mil) | 39.4 | 38.68 |
Balance Sheet | Q4 FY23 | Q4 FY22 |
---|---|---|
Cash & Equiv. ($mil) | 474.01 | 430.92 |
Total Assets ($mil) | 1077.27 | 870.22 |
Total Debt ($mil) | 7.65 | 11.48 |
Equity ($mil) | 718.15 | 583.13 |
Profitability | Q4 FY23 | Q4 FY22 |
---|---|---|
Gross Profit Margin | 95.36 | 95.52 |
EBITDA Margin | 19.59 | 21.42 |
Operating Margin | 17.93 | 19.64 |
Sales Turnover | 0.69 | 0.74 |
Return on Assets | 10.89 | 11.4 |
Return on Equity | 16.35 | 17.02 |
Debt | Q4 FY23 | Q4 FY22 |
---|---|---|
Current Ratio | 2.14 | 2.57 |
Debt/Capital | 0.01 | 0.02 |
Interest Expense | 0.0 | 0.0 |
Interest Coverage | 0.0 | 0.0 |
Share Data | Q4 FY23 | Q4 FY22 |
---|---|---|
Shares outstanding (mil) | 46.17 | 46.17 |
Div / share | 0.0 | 0.0 |
EPS | 0.78 | 0.79 |
Book value / share | 15.55 | 12.63 |
Institutional Own % | n/a | n/a |
Avg Daily Volume | 526633.0 | 414019.0 |
BUY. PERION NETWORK LTD's P/E ratio indicates a significant discount compared to an average of 76.09 for the Web Search, Libraries, Archives, and Other Infor S subsector and a significant discount compared to the S&P 500 average of 27.95. For additional comparison, its price-to-book ratio of 1.43 indicates a significant discount versus the S&P 500 average of 4.68 and a significant discount versus the subsector average of 17.67. 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, PERION NETWORK LTD proves to trade at a discount to investment alternatives.
Price/Earnings |
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Price/Cash Flow |
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PERI 9.50 | Peers 76.09 | PERI 6.60 | Peers 32.96 | |||||||||||||||||||||
Discount. A lower P/E ratio than its peers can signify a less expensive stock or lower growth expectations. PERI 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. PERI 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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PERI 7.37 | Peers 26.19 | PERI 1.03 | Peers 0.62 | |||||||||||||||||||||
Discount. A lower price-to-projected earnings ratio than its peers can signify a less expensive stock or lower future growth expectations. PERI is trading at a significant discount to its peers. |
Premium. 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. PERI trades at a significant premium to its peers. |
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Price/Book |
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Earnings Growth |
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PERI 1.43 | Peers 17.67 | PERI 13.59 | Peers 89.51 | |||||||||||||||||||||
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. PERI 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, PERI 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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PERI 1.38 | Peers 8.21 | PERI 16.07 | Peers 15.59 | |||||||||||||||||||||
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. PERI 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. PERI is keeping pace with its peers on the basis of sales growth. |
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