SNAP-ON INC's gross profit margin for the second quarter of its fiscal year 2015 is essentially unchanged when compared to the same period a year ago. The company managed to grow both sales and net income at a faster pace than the average competitor in its industry this quarter as compared to the same quarter a year ago. SNAP-ON INC has strong liquidity. Currently, the Quick Ratio is 1.59 which shows the ability to cover short-term cash needs. The company's liquidity has decreased from the same period last year.
At the same time, stockholders' equity ("net worth") has remained virtually unchanged only increasing by 1.91% from the same quarter last year. The key liquidity measurements indicate that the company is unlikely to face financial difficulties in the near future.
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|Income Statement||Q2 FY15||Q2 FY14|
|Net Sales ($mil)||910.5||878.2|
|Net Income ($mil)||120.0||106.1|
|Balance Sheet||Q2 FY15||Q2 FY14|
|Cash & Equiv. ($mil)||124.6||115.8|
|Total Assets ($mil)||4390.7||4228.3|
|Total Debt ($mil)||922.4||907.8|
|Profitability||Q2 FY15||Q2 FY14|
|Gross Profit Margin||54.73||53.86|
|Return on Assets||10.25||9.01|
|Return on Equity||19.59||16.89|
|Debt||Q2 FY15||Q2 FY14|
|Share Data||Q2 FY15||Q2 FY14|
|Shares outstanding (mil)||58.1||58.11|
|Div / share||0.53||0.44|
|Book value / share||39.56||38.81|
|Institutional Own %||n/a||n/a|
|Avg Daily Volume||374550.0||319452.0|
BUY. The current P/E ratio indicates a premium compared to an average of 20.46 for the Machinery industry and a value on par with the S&P 500 average of 20.03. For additional comparison, its price-to-book ratio of 4.05 indicates a premium versus the S&P 500 average of 2.67 and a premium versus the industry average of 3.46. 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, SNAP-ON INC proves to trade at a premium to investment alternatives within the industry.
|SNA 20.98||Peers 20.46||SNA 21.95||Peers 13.47|
Average. An average P/E ratio can signify an industry neutral price for a stock and an average growth expectation.
SNA is trading at a valuation on par with its peers.
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.
SNA is trading at a significant premium to its peers.
|SNA 17.54||Peers 17.01||SNA 1.67||Peers 4.83|
Premium. A higher price-to-projected earnings ratio than its peers can signify a more expensive stock or higher future growth expectations.
SNA is trading at a premium 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.
SNA trades at a significant discount to its peers.
|SNA 4.05||Peers 3.46||SNA 18.29||Peers 2.37|
Premium. A higher price-to-book ratio makes a stock less attractive to investors seeking stocks with lower market values per dollar of equity on the balance sheet.
SNA is trading at a premium to its peers.
Higher. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios.
SNA is expected to have an earnings growth rate that significantly exceeds its peers.
|SNA 2.60||Peers 1.52||SNA 6.34||Peers 0.38|
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.
SNA is trading at a significant premium to its industry.
Higher. A sales growth rate that exceeds the industry implies that a company is gaining market share.
SNA has a sales growth rate that significantly exceeds its peers.
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