Array BioPharma Inc

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ARRY : NASDAQ : Health Care
$8.47 -0.55 | -6.1%
Today's Range: 8.43 - 9.09
Avg. Daily Volume: 3615800.0
06/27/17 - 4:00 PM ET

Financial Analysis


ARRAY BIOPHARMA INC's gross profit margin for the third quarter of its fiscal year 2017 has decreased when compared to the same period a year ago. Sales and net income have dropped, although the growth in revenues underperformed the average competitor within the industry, the net income growth did not. ARRAY BIOPHARMA INC is extremely liquid. Currently, the Quick Ratio is 3.36 which clearly shows the ability to cover any short-term cash needs. The company's liquidity has increased from the same period last year.

At the same time, stockholders' equity ("net worth") has greatly increased by 287.21% 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 Q3 FY17 Q3 FY16
Net Sales ($mil)33.2843.05
EBITDA ($mil)-31.41-19.59
EBIT ($mil)-31.94-20.01
Net Income ($mil)-35.32-22.68


Balance Sheet Q3 FY17 Q3 FY16
Cash & Equiv. ($mil)206.75117.86
Total Assets ($mil)256.2196.18
Total Debt ($mil)131.49112.0
Equity ($mil)27.71-14.8


Profitability Q3 FY17 Q3 FY16
Gross Profit Margin79.2587.39
EBITDA Margin-94.37-45.5
Operating Margin-95.96-46.48
Sales Turnover0.630.55
Return on Assets-43.8-41.06
Return on Equity-404.990.0
Debt Q3 FY17 Q3 FY16
Current Ratio3.473.15
Debt/Capital0.831.15
Interest Expense3.12.74
Interest Coverage-10.32-7.29


Share Data Q3 FY17 Q3 FY16
Shares outstanding (mil)169.9143.39
Div / share0.00.0
EPS-0.21-0.16
Book value / share0.16-0.1
Institutional Own % n/a n/a
Avg Daily Volume3578549.04557074.0

Valuation


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. For additional comparison, its price-to-book ratio of 53.71 indicates a significant premium versus the S&P 500 average of 3.09 and a significant premium versus the industry average of 11.09. The price-to-sales ratio is well above the S&P 500 average, but well below the industry average. After reviewing these and other key valuation criteria, ARRAY BIOPHARMA INC proves to trade at a premium to investment alternatives within the industry.


Price/Earnings
1 2 3 4 5
premium   discount
  Price/Cash Flow
1 2 3 4 5
premium   discount
ARRY NM Peers 41.96   ARRY NM Peers 43.61

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.

ARRY's P/E is negative making this valuation measure meaningless.

 

Neutral. 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.

ARRY's P/CF is negative making the measure meaningless.

 
Price/Projected
Earnings
1 2 3 4 5
premium   discount
  Price to
Earnings/Growth
1 2 3 4 5
premium   discount
ARRY NM Peers 26.44   ARRY NA Peers 0.54

Neutral. The absence of a valid price-to-projected earnings ratio happens when a stock can not be valued on the basis of a negative expected future earnings.

ARRY's ratio is negative making this valuation measure meaningless.

 

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.

 
Price/Book
1 2 3 4 5
premium   discount
  Earnings Growth
1 2 3 4 5
lower   higher
ARRY 53.71 Peers 11.09   ARRY -26.31 Peers -9.68

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.

ARRY is trading at a significant premium to its peers.

 

Lower. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios.

However, ARRY is expected to significantly trail its peers on the basis of its earnings growth rate.

 
Price/Sales
1 2 3 4 5
premium   discount
  Sales Growth
1 2 3 4 5
premium   discount
ARRY 9.29 Peers 172.46   ARRY 49.80 Peers 462.34

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.

ARRY 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.

ARRY significantly trails its peers on the basis of sales growth

 

 

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