Acuity Brands Inc

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AYI : NYSE : Technology
$177.91 up 0.26 | 0.15%
Today's Range: 176.78 - 180.71
Avg. Daily Volume: 844900.0
04/24/17 - 4:02 PM ET

Financial Analysis


ACUITY BRANDS INC's gross profit margin for the second quarter of its fiscal year 2017 is essentially unchanged when compared to the same period a year ago. Sales and net income have grown, and although the growth in revenues has outpaced the average competitor within the industry, the net income growth has not. ACUITY BRANDS INC has strong liquidity. Currently, the Quick Ratio is 1.76 which shows the 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 increased by 20.85% from the same quarter last year. The key liquidity measurements indicate that the company is unlikely to face financial difficulties in the near future.

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Income Statement Q2 FY17 Q2 FY16
Net Sales ($mil)804.7777.8
EBITDA ($mil)127.3131.2
EBIT ($mil)108.0114.8
Net Income ($mil)67.365.5


Balance Sheet Q2 FY17 Q2 FY16
Cash & Equiv. ($mil)463.2224.3
Total Assets ($mil)2999.12619.8
Total Debt ($mil)356.1353.7
Equity ($mil)1804.81493.4


Profitability Q2 FY17 Q2 FY16
Gross Profit Margin44.1345.6
EBITDA Margin15.8116.86
Operating Margin13.4214.76
Sales Turnover1.141.13
Return on Assets10.199.86
Return on Equity16.9417.3
Debt Q2 FY17 Q2 FY16
Current Ratio2.491.94
Debt/Capital0.160.19
Interest Expense8.58.3
Interest Coverage12.7113.83


Share Data Q2 FY17 Q2 FY16
Shares outstanding (mil)43.8343.52
Div / share0.130.13
EPS1.531.49
Book value / share41.1834.32
Institutional Own % n/a n/a
Avg Daily Volume840035.0639323.0

Valuation


BUY. The current P/E ratio indicates a premium compared to an average of 22.70 for the Electrical Equipment industry and a value on par with the S&P 500 average of 24.92. To use another comparison, its price-to-book ratio of 4.31 indicates a premium versus the S&P 500 average of 2.99 and a discount versus the industry average of 4.32. The current price-to-sales ratio is above the S&P 500 average, but below the industry average.


Price/Earnings
1 2 3 4 5
premium   discount
  Price/Cash Flow
1 2 3 4 5
premium   discount
AYI 25.45 Peers 22.70   AYI 26.12 Peers 18.26

Premium. A higher P/E ratio than its peers can signify a more expensive stock or higher growth expectations.

AYI is trading at a premium to its peers.

 

Premium. 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.

AYI is trading at a significant premium to its peers.

 
Price/Projected
Earnings
1 2 3 4 5
premium   discount
  Price to
Earnings/Growth
1 2 3 4 5
premium   discount
AYI 19.56 Peers 20.07   AYI 1.22 Peers 2.11

Premium. A higher price-to-projected earnings ratio than its peers can signify a more expensive stock or higher future growth expectations.

AYI is trading at a premium to its peers.

 

Discount. 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.

AYI trades at a significant discount to its peers.

 
Price/Book
1 2 3 4 5
premium   discount
  Earnings Growth
1 2 3 4 5
lower   higher
AYI 4.31 Peers 4.32   AYI 17.93 Peers -6.92

Average. 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.

AYI is trading at a valuation on par with its peers.

 

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

AYI is expected to have an earnings growth rate that significantly exceeds its peers.

 
Price/Sales
1 2 3 4 5
premium   discount
  Sales Growth
1 2 3 4 5
premium   discount
AYI 2.27 Peers 2.42   AYI 16.06 Peers -7.03

Average. 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.

AYI is trading at a valuation on par with its industry on this measurement.

 

Higher. A sales growth rate that exceeds the industry implies that a company is gaining market share.

AYI has a sales growth rate that significantly exceeds its peers.

 

 

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