STAAR Surgical Company
Find Ratings ReportsSTAAR SURGICAL CO's gross profit margin for the fourth quarter of its fiscal year 2023 is essentially unchanged when compared to the same period a year ago. Sales and net income have grown, and although the growth in revenues has outpaced the average competitor within the subsector, the net income growth has not. STAAR SURGICAL CO is extremely liquid. Currently, the Quick Ratio is 4.90 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 16.18% 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.
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Income Statement | Q4 FY23 | Q4 FY22 |
---|---|---|
Net Sales ($mil) | 76.27 | 64.04 |
EBITDA ($mil) | 11.74 | 2.4 |
EBIT ($mil) | 10.36 | 0.96 |
Net Income ($mil) | 7.76 | 5.85 |
Balance Sheet | Q4 FY23 | Q4 FY22 |
---|---|---|
Cash & Equiv. ($mil) | 220.73 | 211.64 |
Total Assets ($mil) | 488.69 | 414.9 |
Total Debt ($mil) | 35.83 | 31.04 |
Equity ($mil) | 385.95 | 332.19 |
Profitability | Q4 FY23 | Q4 FY22 |
---|---|---|
Gross Profit Margin | 81.43 | 79.97 |
EBITDA Margin | 15.38 | 3.74 |
Operating Margin | 13.58 | 1.51 |
Sales Turnover | 0.66 | 0.69 |
Return on Assets | 4.36 | 9.34 |
Return on Equity | 5.53 | 11.67 |
Debt | Q4 FY23 | Q4 FY22 |
---|---|---|
Current Ratio | 5.62 | 6.03 |
Debt/Capital | 0.09 | 0.09 |
Interest Expense | 0.0 | 0.0 |
Interest Coverage | 0.0 | 0.0 |
Share Data | Q4 FY23 | Q4 FY22 |
---|---|---|
Shares outstanding (mil) | 48.84 | 48.21 |
Div / share | 0.0 | 0.0 |
EPS | 0.16 | 0.11 |
Book value / share | 7.9 | 6.89 |
Institutional Own % | n/a | n/a |
Avg Daily Volume | 743141.0 | 806637.0 |
HOLD. STAAR SURGICAL CO's P/E ratio indicates a significant premium compared to an average of 49.88 for the Miscellaneous Manufacturing subsector and a significant premium compared to the S&P 500 average of 27.95. To use another comparison, its price-to-book ratio of 4.81 indicates valuation on par with the S&P 500 average of 4.68 and a discount versus the subsector average of 4.96. The price-to-sales ratio is well above the S&P 500 average, but well below the subsector average.
Price/Earnings |
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Price/Cash Flow |
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STAA 88.44 | Peers 49.88 | STAA 127.27 | Peers 33.16 | |||||||||||||||||||||
Premium. A higher P/E ratio than its peers can signify a more expensive stock or higher growth expectations. STAA is trading at a significant premium to 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. STAA is trading at a significant premium to its peers. |
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Price/Projected Earnings |
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Price to Earnings/Growth |
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STAA 39.61 | Peers 24.07 | STAA 2.93 | Peers 0.91 | |||||||||||||||||||||
Premium. A higher price-to-projected earnings ratio than its peers can signify a more expensive stock or higher future growth expectations. STAA is trading at a significant premium to 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. STAA trades at a significant premium to its peers. |
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Price/Book |
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Earnings Growth |
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STAA 4.81 | Peers 4.96 | STAA -44.16 | Peers 126.83 | |||||||||||||||||||||
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. STAA 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, STAA is expected to significantly trail its peers on the basis of its earnings growth rate. |
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Price/Sales |
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Sales Growth |
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STAA 5.75 | Peers 6.41 | STAA 13.63 | Peers 8.91 | |||||||||||||||||||||
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. STAA is trading at a discount to its subsector on this measurement. |
Higher. A sales growth rate that exceeds the subsector implies that a company is gaining market share. STAA has a sales growth rate that significantly exceeds its peers. |
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