AU Optronics Corp

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AUO : NYSE : Technology
$3.89 -0.06 | -1.5%
Today's Range: 3.89 - 3.94
Avg. Daily Volume: 919600.0
02/28/17 - 12:24 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.

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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
Interest Expense0.00.0
Interest Coverage0.00.0

Share Data Q3 FY16 Q3 FY15
Shares outstanding (mil)962.43962.43
Div / share0.110.15
Book value / share5.756.01
Institutional Own % n/a n/a
Avg Daily Volume911151.0732310.0


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 0.69 indicates a significant discount versus the S&P 500 average of 2.96 and a significant discount versus the industry average of 3.09. 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.

1 2 3 4 5
premium   discount
  Price/Cash Flow
1 2 3 4 5
premium   discount
AUO NM Peers 28.42   AUO 2.75 Peers 17.07

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.

1 2 3 4 5
premium   discount
  Price to
1 2 3 4 5
premium   discount
AUO 8.57 Peers 20.00   AUO NA Peers 1.09

Discount. A lower price-to-projected earnings ratio than its peers can signify a less expensive stock or lower future growth expectations.

AUO is trading at a significant discount 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.

1 2 3 4 5
premium   discount
  Earnings Growth
1 2 3 4 5
lower   higher
AUO 0.69 Peers 3.09   AUO -138.88 Peers 29.31

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.

1 2 3 4 5
premium   discount
  Sales Growth
1 2 3 4 5
premium   discount
AUO 0.37 Peers 2.45   AUO -10.45 Peers 4.71

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



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