PIEDMONT NATURAL GAS CO's gross profit margin for the third quarter of its fiscal year 2014 is essentially unchanged when compared to the same period a year ago. Even though sales increased, the net income has decreased. PIEDMONT NATURAL GAS CO has very weak liquidity. Currently, the Quick Ratio is 0.13 which clearly shows a lack of ability to cover short-term cash needs. The company's liquidity has increased from the same period last year, indicating improving cash flow.
During the same period, stockholders' equity ("net worth") has increased by 10.26% from the same quarter last year. The key liquidity measurements indicate that the company is in a position in which financial difficulties could develop in the near future.
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|Income Statement||Q3 FY14||Q3 FY13|
|Net Sales ($mil)||164.19||162.94|
|Net Income ($mil)||-7.34||-2.29|
|Balance Sheet||Q3 FY14||Q3 FY13|
|Cash & Equiv. ($mil)||18.45||4.78|
|Total Assets ($mil)||4659.46||4158.6|
|Total Debt ($mil)||1664.86||1490.0|
|Profitability||Q3 FY14||Q3 FY13|
|Gross Profit Margin||16.38||15.8|
|Return on Assets||3.17||3.3|
|Return on Equity||11.06||11.34|
|Debt||Q3 FY14||Q3 FY13|
|Share Data||Q3 FY14||Q3 FY13|
|Shares outstanding (mil)||78.33||75.92|
|Div / share||0.32||0.31|
|Book value / share||17.05||15.96|
|Institutional Own %||n/a||n/a|
|Avg Daily Volume||271840.0||275561.0|
BUY. PIEDMONT NATURAL GAS CO's P/E ratio indicates a discount compared to an average of 26.35 for the Gas Utilities industry and a value on par with the S&P 500 average of 19.69. For additional comparison, its price-to-book ratio of 2.08 indicates a discount versus the S&P 500 average of 2.72 and a discount versus the industry average of 2.10. The current price-to-sales ratio is above both the S&P 500 average and the industry average, indicating a premium. Upon assessment of these and other key valuation criteria, PIEDMONT NATURAL GAS CO proves to trade at a discount to investment alternatives within the industry.
|PNY 18.67||Peers 26.35||PNY 6.29||Peers 8.15|
Discount. A lower P/E ratio than its peers can signify a less expensive stock or lower growth expectations.
PNY 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.
PNY is trading at a discount to its peers.
|PNY 18.53||Peers 17.67||PNY 2.89||Peers 2.28|
Average. An average price-to-projected earnings ratio can signify an industry neutral stock price and average future growth expectations.
PNY is trading at a valuation on par with 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.
PNY trades at a significant premium to its peers.
|PNY 2.08||Peers 2.10||PNY 2.15||Peers 13.81|
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.
PNY 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, PNY is expected to significantly trail its peers on the basis of its earnings growth rate.
|PNY 1.87||Peers 1.51||PNY 17.82||Peers 18.81|
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.
PNY is trading at a premium to its industry on this measurement.
Average. Comparing a company's sales growth to its industry helps to determine if the company is adding or losing market share.
PNY is keeping pace with its peers on the basis of sales growth.
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