PRIMERO MINING CORP's gross profit margin for the third quarter of its fiscal year 2014 has significantly decreased 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. PRIMERO MINING CORP has weak liquidity. Currently, the Quick Ratio is 0.93 which shows a lack of ability to cover short-term cash needs. The company's liquidity has decreased from the same period last year, indicating deteriorating cash flow.
During the same period, stockholders' equity ("net worth") has increased by 22.36% from the same quarter last year. Overall, the key liquidity measurements indicate that the company is in a position in which financial difficulties could develop in the future.
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|Income Statement||Q3 FY14||Q3 FY13|
|Net Sales ($mil)||75.5||53.79|
|Net Income ($mil)||-105.91||10.08|
|Balance Sheet||Q3 FY14||Q3 FY13|
|Cash & Equiv. ($mil)||22.06||125.71|
|Total Assets ($mil)||1092.37||783.88|
|Total Debt ($mil)||86.99||32.21|
|Profitability||Q3 FY14||Q3 FY13|
|Gross Profit Margin||41.06||60.37|
|Return on Assets||-13.76||4.19|
|Return on Equity||-17.64||4.72|
|Debt||Q3 FY14||Q3 FY13|
|Share Data||Q3 FY14||Q3 FY13|
|Shares outstanding (mil)||159.98||115.69|
|Div / share||0.0||0.0|
|Book value / share||5.32||6.02|
|Institutional Own %||n/a||n/a|
|Avg Daily Volume||1010211.0||584021.0|
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 0.70 indicates a significant discount versus the S&P 500 average of 2.76 and a discount versus the industry average of 1.58. The current price-to-sales ratio is well above the S&P 500 average and above the industry average, indicating a premium. The valuation analysis reveals that, PRIMERO MINING CORP seems to be trading at a premium to investment alternatives within the industry.
|PPP NM||Peers 22.53||PPP 11.22||Peers 9.29|
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.
PPP's P/E is negative making this valuation measure meaningless.
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.
PPP is trading at a premium to its peers.
|PPP NA||Peers 18.13||PPP NA||Peers 0.46|
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.
|PPP 0.70||Peers 1.58||PPP -425.00||Peers -91.05|
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.
PPP 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, PPP is expected to significantly trail its peers on the basis of its earnings growth rate.
|PPP 2.38||Peers 2.28||PPP 28.03||Peers 1000.85|
Average. 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.
PPP is trading at a valuation on par with its industry on this measurement.
Lower. A sales growth rate that trails the industry implies that a company is losing market share.
PPP significantly trails its peers on the basis of sales growth
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