-0.31 | -1.98%
RPX CORP's gross profit margin for the first quarter of its fiscal year 2013 has significantly increased when compared to the same period a year ago. The company has grown sales and net income significantly, outpacing the average growth rates of competitors within its industry. RPX CORP is extremely liquid. Currently, the Quick Ratio is 2.24 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 20.35% 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.
| Income Statement | Q1 FY13 | Q1 FY12 |
|---|---|---|
| Net Sales ($mil) | 61.19 | 43.85 |
| EBITDA ($mil) | 46.38 | 30.73 |
| EBIT ($mil) | 23.05 | 12.61 |
| Net Income ($mil) | 14.7 | 8.08 |
| Balance Sheet | Q1 FY13 | Q1 FY12 |
|---|---|---|
| Cash & Equiv. ($mil) | 283.42 | 252.1 |
| Total Assets ($mil) | 535.84 | 444.8 |
| Total Debt ($mil) | 0.5 | 1.87 |
| Equity ($mil) | 380.4 | 316.05 |
| Profitability | Q1 FY13 | Q1 FY12 |
|---|---|---|
| Gross Profit Margin | 99.44 | 70.09 |
| EBITDA Margin | 75.78 | 70.09 |
| Operating Margin | 37.67 | 28.76 |
| Sales Turnover | 0.4 | 0.37 |
| Return on Assets | 8.5 | 6.86 |
| Return on Equity | 11.97 | 9.65 |
| Debt | Q1 FY13 | Q1 FY12 |
|---|---|---|
| Current Ratio | 2.31 | 2.64 |
| Debt/Capital | 0.0 | 0.01 |
| Interest Expense | 0.0 | 0.0 |
| Interest Coverage | 0.0 | 0.0 |
| Share Data | Q1 FY13 | Q1 FY12 |
|---|---|---|
| Shares outstanding (mil) | 51.08 | 50.09 |
| Div / share | 0.0 | 0.0 |
| EPS | 0.28 | 0.15 |
| Book value / share | 7.45 | 6.31 |
| Institutional Own % | n/a | n/a |
| Avg Daily Volume | 348038.0 | 176500.0 |
HOLD. The current P/E ratio indicates a significant discount compared to an average of 32.62 for the Professional Services industry and a value on par with the S&P 500 average of 18.80. To use another comparison, its price-to-book ratio of 1.97 indicates a discount versus the S&P 500 average of 2.40 and a significant discount versus the industry average of 7.14. The price-to-sales ratio is well above both the S&P 500 average and the industry average, indicating a premium. Upon assessment of these and other key valuation criteria, RPX CORP proves to trade at a discount to investment alternatives within the industry.
| Price/Earnings |
|
Price/Cash Flow |
| |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| RPXC 17.08 | Peers 32.62 | RPXC 4.55 | Peers 16.22 | |||||||||||||||||||||
|
Discount. A lower P/E ratio than its peers can signify a less expensive stock or lower growth expectations. RPXC 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. RPXC is trading at a significant discount to its peers. |
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| Price/Projected Earnings |
|
Price to Earnings/Growth |
|
|||||||||||||||||||||
| RPXC 13.73 | Peers 19.28 | RPXC 0.55 | Peers 0.80 | |||||||||||||||||||||
|
Discount. A lower price-to-projected earnings ratio than its peers can signify a less expensive stock or lower future growth expectations. RPXC is trading at a discount to its peers. |
Discount. 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. RPXC trades at a significant discount to its peers. |
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| Price/Book |
|
Earnings Growth |
|
|||||||||||||||||||||
| RPXC 1.97 | Peers 7.14 | RPXC 43.33 | Peers 25.42 | |||||||||||||||||||||
|
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. RPXC is trading at a significant discount to its peers. |
Higher. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios. RPXC is expected to have an earnings growth rate that significantly exceeds its peers. |
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| Price/Sales |
|
Sales Growth |
|
|||||||||||||||||||||
| RPXC 3.49 | Peers 2.98 | RPXC 31.51 | Peers 12.98 | |||||||||||||||||||||
|
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. RPXC is trading at a premium to its industry on this measurement. |
Higher. A sales growth rate that exceeds the industry implies that a company is gaining market share. RPXC has a sales growth rate that significantly exceeds its peers. |
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