Redwire Corporation
Find Ratings ReportsREDWIRE CORP's gross profit margin for the third quarter of its fiscal year 2023 has increased when compared to the same period a year ago. The company grew its sales and net income significantly quarter versus same quarter a year prior, and was able to outpace the average competitor in the subsector when comparing revenue growth, but not when comparing net income growth. REDWIRE CORP has weak liquidity. Currently, the Quick Ratio is 0.87 which 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.
At the same time, stockholders' equity ("net worth") has greatly increased by 281.97% 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 FY23 | Q3 FY22 |
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Net Sales ($mil) | 62.61 | 37.25 |
EBITDA ($mil) | 2.71 | -5.31 |
EBIT ($mil) | -0.18 | -7.09 |
Net Income ($mil) | -6.25 | -10.42 |
Balance Sheet | Q3 FY23 | Q3 FY22 |
---|---|---|
Cash & Equiv. ($mil) | 10.86 | 7.03 |
Total Assets ($mil) | 244.23 | 184.37 |
Total Debt ($mil) | 99.96 | 108.85 |
Equity ($mil) | 56.54 | 14.8 |
Profitability | Q3 FY23 | Q3 FY22 |
---|---|---|
Gross Profit Margin | 31.95 | 26.11 |
EBITDA Margin | 4.32 | -14.26 |
Operating Margin | -0.29 | -19.03 |
Sales Turnover | 0.96 | 0.8 |
Return on Assets | -18.36 | -64.24 |
Return on Equity | -103.72 | -800.2 |
Debt | Q3 FY23 | Q3 FY22 |
---|---|---|
Current Ratio | 0.97 | 0.78 |
Debt/Capital | 0.64 | 0.88 |
Interest Expense | 2.63 | 2.4 |
Interest Coverage | -0.07 | -2.95 |
Share Data | Q3 FY23 | Q3 FY22 |
---|---|---|
Shares outstanding (mil) | 64.56 | 63.85 |
Div / share | 0.0 | 0.0 |
EPS | -0.14 | -0.16 |
Book value / share | 0.88 | 0.23 |
Institutional Own % | n/a | n/a |
Avg Daily Volume | 181322.0 | 170915.0 |
SELL. This stock’s P/E ratio is negative, making its value useless in the assessment of premium or discount valuation, only displaying that the company has negative earnings per share. For additional comparison, its price-to-book ratio of 3.65 indicates a discount versus the S&P 500 average of 4.68 and a discount versus the subsector average of 4.90. The price-to-sales ratio is well below both the S&P 500 average and the subsector average, indicating a discount. After reviewing these and other key valuation criteria, REDWIRE CORP proves to trade at a discount to investment alternatives.
Price/Earnings |
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Price/Cash Flow |
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RDW NM | Peers 23.30 | RDW NM | Peers 20.65 | |||||||||||||||||||||
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. RDW's P/E is negative making this valuation measure meaningless. |
Neutral. 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. RDW's P/CF is negative making the measure meaningless. |
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Price/Projected Earnings |
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Price to Earnings/Growth |
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RDW NM | Peers 16.58 | RDW NA | Peers 2.67 | |||||||||||||||||||||
Neutral. The absence of a valid price-to-projected earnings ratio happens when a stock can not be valued on the basis of a negative expected future earnings. RDW's ratio is negative making this valuation measure meaningless. |
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 |
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Earnings Growth |
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RDW 3.65 | Peers 4.90 | RDW 51.60 | Peers 54.33 | |||||||||||||||||||||
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. RDW is trading at a significant discount to its peers. |
Average. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios. RDW is expected to keep pace with its peers on the basis of earnings growth. |
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Price/Sales |
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Sales Growth |
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RDW 0.88 | Peers 3.84 | RDW 58.20 | Peers 19.37 | |||||||||||||||||||||
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. RDW is trading at a significant discount to its subsector on this measurement. |
Higher. A sales growth rate that exceeds the subsector implies that a company is gaining market share. RDW has a sales growth rate that significantly exceeds its peers. |
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