AU Optronics Corp

Find Ratings Reports
AUO : NYSE : Technology
$3.63 | %
Today's Range: 3.6 - 3.68
Avg. Daily Volume: 629800.0
12/09/16 - 4:03 PM ET

Financial Analysis


AU OPTRONICS CORP's gross profit margin for the third quarter of its fiscal year 2016 has increased when compared to the same period a year ago. The company managed to grow both sales and net income at a faster pace than the average competitor in its industry this quarter as compared to the same quarter a year ago. AU OPTRONICS CORP has weak liquidity. Currently, the Quick Ratio is 0.99 which shows a lack of ability to cover short-term cash needs. The company's liquidity has increased from the same period last year.

During the same period, stockholders' equity ("net worth") has remained virtually unchanged only decreasing by 4.35% 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.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. To learn more visit www.TheStreetRatings.com.



Income Statement Q3 FY16 Q3 FY15
Net Sales ($mil)2893.382320.83
EBITDA ($mil)506.46366.25
EBIT ($mil)179.5471.27
Net Income ($mil)150.983.19


Balance Sheet Q3 FY16 Q3 FY15
Cash & Equiv. ($mil)2368.182332.17
Total Assets ($mil)13420.2113649.73
Total Debt ($mil)4072.693611.31
Equity ($mil)5535.665787.75


Profitability Q3 FY16 Q3 FY15
Gross Profit Margin23.9922.33
EBITDA Margin17.515.78
Operating Margin6.213.07
Sales Turnover0.760.83
Return on Assets-1.573.89
Return on Equity-3.829.18
Debt Q3 FY16 Q3 FY15
Current Ratio1.281.16
Debt/Capital0.420.38
Interest Expense0.00.0
Interest Coverage0.00.0


Share Data Q3 FY16 Q3 FY15
Shares outstanding (mil)962.43962.43
Div / share0.110.15
EPS0.160.09
Book value / share5.756.01
Institutional Own % n/a n/a
Avg Daily Volume621207.01046800.0

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 0.62 indicates a significant discount versus the S&P 500 average of 2.82 and a significant discount versus the industry average of 2.85. The price-to-sales ratio is well below both the S&P 500 average and the industry average, indicating a discount. After reviewing these and other key valuation criteria, AU OPTRONICS CORP proves to trade at a discount 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
AUO NM Peers 27.40   AUO 2.48 Peers 15.70

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.

AUO'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.

AUO is trading at a significant discount to its peers.

 
Price/Projected
Earnings
1 2 3 4 5
premium   discount
  Price to
Earnings/Growth
1 2 3 4 5
premium   discount
AUO 7.24 Peers 20.15   AUO NA Peers 1.17

Average. An average price-to-projected earnings ratio can signify an industry neutral stock price and average future growth expectations.

AUO is trading at a valuation on par with 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.

 
Price/Book
1 2 3 4 5
premium   discount
  Earnings Growth
1 2 3 4 5
lower   higher
AUO 0.62 Peers 2.85   AUO -138.88 Peers 11.12

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.

AUO 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, AUO 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
AUO 0.34 Peers 2.15   AUO -10.45 Peers 4.48

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.

AUO 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.

AUO significantly trails its peers on the basis of sales growth

 

 

Latest Stock Upgrades/Downgrades