0.16 | 0.54%
VANGUARD NATURAL RESOURCES's gross profit margin for the first quarter of its fiscal year 2013 has 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. VANGUARD NATURAL RESOURCES has weak liquidity. Currently, the Quick Ratio is 0.67 which shows a lack of ability to cover 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 10.24% 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.
| Income Statement | Q1 FY13 | Q1 FY12 |
|---|---|---|
| Net Sales ($mil) | 67.41 | 56.74 |
| EBITDA ($mil) | 27.34 | 26.35 |
| EBIT ($mil) | -11.35 | 4.56 |
| Net Income ($mil) | -27.02 | -2.02 |
| Balance Sheet | Q1 FY13 | Q1 FY12 |
|---|---|---|
| Cash & Equiv. ($mil) | 5.27 | 5.24 |
| Total Assets ($mil) | 2187.72 | 1665.05 |
| Total Debt ($mil) | 1008.69 | 640.0 |
| Equity ($mil) | 987.11 | 895.36 |
| Profitability | Q1 FY13 | Q1 FY12 |
|---|---|---|
| Gross Profit Margin | 50.28 | 55.2 |
| EBITDA Margin | 40.56 | 46.44 |
| Operating Margin | -16.84 | 8.03 |
| Sales Turnover | 0.16 | 0.23 |
| Return on Assets | -8.85 | 5.43 |
| Return on Equity | -19.63 | 10.1 |
| Debt | Q1 FY13 | Q1 FY12 |
|---|---|---|
| Current Ratio | 0.87 | 1.04 |
| Debt/Capital | 0.51 | 0.42 |
| Interest Expense | 15.44 | 5.33 |
| Interest Coverage | -0.74 | 0.85 |
| Share Data | Q1 FY13 | Q1 FY12 |
|---|---|---|
| Shares outstanding (mil) | 68.68 | 51.99 |
| Div / share | 0.61 | 0.59 |
| EPS | -0.42 | -0.04 |
| Book value / share | 14.37 | 17.22 |
| Institutional Own % | n/a | n/a |
| Avg Daily Volume | 472432.0 | 485349.0 |
HOLD. 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. To use another comparison, its price-to-book ratio of 2.05 indicates a discount versus the S&P 500 average of 2.44 and a significant discount versus the industry average of 3.72. The price-to-sales ratio is well above both the S&P 500 average and the industry average, indicating a premium. The valuation analysis reveals that, VANGUARD NATURAL RESOURCES seems to be trading at a premium to investment alternatives within the industry.
| Price/Earnings |
|
Price/Cash Flow |
| |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| VNR NM | Peers 24.66 | VNR 8.62 | Peers 9.63 | |||||||||||||||||||||
|
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. VNR's P/E is negative making this valuation measure meaningless. |
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. VNR is trading at a discount to its peers. |
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| Price/Projected Earnings |
|
Price to Earnings/Growth |
|
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| VNR 20.61 | Peers 15.69 | VNR NA | Peers 1.66 | |||||||||||||||||||||
|
Premium. A higher price-to-projected earnings ratio than its peers can signify a more expensive stock or higher future growth expectations. VNR is trading at a significant premium to its peers. |
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 |
|
Earnings Growth |
|
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| VNR 2.05 | Peers 3.72 | VNR -201.61 | Peers -20.40 | |||||||||||||||||||||
|
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. VNR 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, VNR is expected to significantly trail its peers on the basis of its earnings growth rate. |
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| Price/Sales |
|
Sales Growth |
|
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| VNR 5.66 | Peers 2.36 | VNR -4.96 | Peers 9.80 | |||||||||||||||||||||
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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. VNR is trading at a significant premium to its industry. |
Lower. A sales growth rate that trails the industry implies that a company is losing market share. VNR significantly trails its peers on the basis of sales growth |
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