AK Steel Holding CorpFind Ratings Reports
AK STEEL HOLDING CORP's gross profit margin for the third quarter of its fiscal year 2016 has significantly increased when compared to the same period a year ago. Even though sales decreased, the net income has increased. AK STEEL HOLDING CORP has weak liquidity. Currently, the Quick Ratio is 0.58 which shows a lack of ability to cover short-term cash needs. The liquidity decreased from the same period a year ago, despite already having weak liquidity to begin with. This would indicate deteriorating cash flow.
At the same time, stockholders' equity ("net worth") has greatly increased by 26.36% 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 FY16||Q3 FY15|
|Net Sales ($mil)||1452.9||1709.9|
|Net Income ($mil)||50.9||6.7|
|Balance Sheet||Q3 FY16||Q3 FY15|
|Cash & Equiv. ($mil)||57.5||90.0|
|Total Assets ($mil)||3920.8||4250.3|
|Total Debt ($mil)||2000.2||2386.3|
|Profitability||Q3 FY16||Q3 FY15|
|Gross Profit Margin||18.2||11.78|
|Return on Assets||-2.31||-8.23|
|Return on Equity||0.0||0.0|
|Debt||Q3 FY16||Q3 FY15|
|Share Data||Q3 FY16||Q3 FY15|
|Shares outstanding (mil)||238.27||177.85|
|Div / share||0.0||0.0|
|Book value / share||-2.71||-4.94|
|Institutional Own %||n/a||n/a|
|Avg Daily Volume||2.3095902E7||1.2381485E7|
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. Along with this, the price-to-book ratio is also meaningless due to a negative book value for the company, making any comparisons useless. The price-to-sales ratio is well below both the S&P 500 average and the industry average, indicating a discount.
|AKS NM||Peers 487.40||AKS 7.87||Peers 11.83|
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.
AKS'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.
AKS is trading at a significant discount to its peers.
|AKS 14.42||Peers 27.40||AKS NA||Peers 1.02|
Premium. A higher price-to-projected earnings ratio than its peers can signify a more expensive stock or higher future growth expectations.
AKS is trading at a 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.
|AKS NM||Peers 2.02||AKS 69.04||Peers -45.34|
Neutral. 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.
AKS's P/B is negative making this valuation measure meaningless.
Higher. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios.
AKS is expected to have an earnings growth rate that significantly exceeds its peers.
|AKS 0.38||Peers 3.18||AKS -15.97||Peers -10.69|
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.
AKS is trading at a significant discount to its industry on this measurement.
Lower. A sales growth rate that trails the industry implies that a company is losing market share.
AKS significantly trails its peers on the basis of sales growth