Art's-Way Manufacturing Co. Inc.
Find Ratings ReportsARTS WAY MFG INC'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. Even though sales increased, the net income has decreased, representing a decrease to the bottom line. ARTS WAY MFG INC has very weak liquidity. Currently, the Quick Ratio is 0.37 which clearly shows a lack of ability to cover 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 remained virtually unchanged only increasing by 4.40% from the same quarter last year. The key liquidity measurements indicate that the company is in a position in which financial difficulties could develop in the near future.
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Income Statement | Q4 FY23 | Q4 FY22 |
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Net Sales ($mil) | 6.85 | 6.62 |
EBITDA ($mil) | 0.29 | 0.31 |
EBIT ($mil) | 0.09 | 0.09 |
Net Income ($mil) | -0.31 | 0.09 |
Balance Sheet | Q4 FY23 | Q4 FY22 |
---|---|---|
Cash & Equiv. ($mil) | 0.0 | 0.01 |
Total Assets ($mil) | 24.4 | 23.95 |
Total Debt ($mil) | 8.16 | 7.73 |
Equity ($mil) | 11.64 | 11.15 |
Profitability | Q4 FY23 | Q4 FY22 |
---|---|---|
Gross Profit Margin | 30.91 | 30.28 |
EBITDA Margin | 4.26 | 4.71 |
Operating Margin | 1.26 | 1.42 |
Sales Turnover | 1.24 | 1.07 |
Return on Assets | 1.09 | 0.4 |
Return on Equity | 6.55 | 3.35 |
Debt | Q4 FY23 | Q4 FY22 |
---|---|---|
Current Ratio | 1.61 | 1.53 |
Debt/Capital | 0.41 | 0.41 |
Interest Expense | 0.17 | 0.13 |
Interest Coverage | 0.51 | 0.71 |
Share Data | Q4 FY23 | Q4 FY22 |
---|---|---|
Shares outstanding (mil) | 5.01 | 4.95 |
Div / share | 0.0 | 0.0 |
EPS | -0.03 | 0.04 |
Book value / share | 2.32 | 2.25 |
Institutional Own % | n/a | n/a |
Avg Daily Volume | 10291.0 | 7854.0 |
HOLD. ARTS WAY MFG INC's P/E ratio indicates a significant discount compared to an average of 34.89 for the Machinery Manufacturing subsector and a significant discount compared to the S&P 500 average of 27.95. For additional comparison, its price-to-book ratio of 0.97 indicates a significant discount versus the S&P 500 average of 4.68 and a significant discount versus the subsector average of 15.81. The price-to-sales ratio is well below both the S&P 500 average and the subsector average, indicating a discount. Upon assessment of these and other key valuation criteria, ARTS WAY MFG INC proves to trade at a discount to investment alternatives.
Price/Earnings |
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Price/Cash Flow |
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ARTW 14.06 | Peers 34.89 | ARTW NM | Peers 35.56 | |||||||||||||||||||||
Discount. A lower P/E ratio than its peers can signify a less expensive stock or lower growth expectations. ARTW is trading at a significant discount to its peers. |
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. ARTW's P/CF is negative making the measure meaningless. |
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Price/Projected Earnings |
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Price to Earnings/Growth |
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ARTW NA | Peers 25.65 | ARTW NA | Peers 5.15 | |||||||||||||||||||||
Neutral. A lower price-to-projected earnings ratio than its peers can signify a less expensive stock or lower future growth potential. Ratio not available. |
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 |
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Earnings Growth |
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ARTW 0.97 | Peers 15.81 | ARTW 128.57 | Peers 20.44 | |||||||||||||||||||||
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. ARTW is trading at a significant discount to its peers. |
Higher. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios. ARTW is expected to have an earnings growth rate that significantly exceeds its peers. |
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Price/Sales |
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Sales Growth |
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ARTW 0.37 | Peers 8.34 | ARTW 18.07 | Peers 14.92 | |||||||||||||||||||||
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. ARTW is trading at a significant discount to its subsector on this measurement. |
Higher. A sales growth rate that exceeds the subsector implies that a company is gaining market share. ARTW has a sales growth rate that exceeds its peers. |
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