General Cable Corp

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BGC : NYSE : Industrial Goods
$16.35 -0.1 | -0.61%
Today's Range: 16.15 - 16.6
Avg. Daily Volume: 530300.0
02/22/17 - 4:04 PM ET

Financial Analysis


GENERAL CABLE CORP/DE's gross profit margin for the fourth quarter of its fiscal year 2016 has significantly 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. GENERAL CABLE CORP/DE has weak liquidity. Currently, the Quick Ratio is 0.85 which shows a lack of ability to cover short-term cash needs. The company's liquidity has increased from the same period last year, indicating improving cash flow.

At the same time, stockholders' equity ("net worth") has significantly decreased by 32.85% 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 Q4 FY16 Q4 FY15
Net Sales ($mil)910.0913.3
EBITDA ($mil)0.024.1
EBIT ($mil)-47.52.6
Net Income ($mil)-104.6-47.9


Balance Sheet Q4 FY16 Q4 FY15
Cash & Equiv. ($mil)101.179.7
Total Assets ($mil)2241.62466.7
Total Debt ($mil)938.61078.6
Equity ($mil)153.1228.0


Profitability Q4 FY16 Q4 FY15
Gross Profit Margin8.1412.53
EBITDA Margin0.02.63
Operating Margin-5.220.28
Sales Turnover1.721.81
Return on Assets-4.18-4.94
Return on Equity-61.26-51.92
Debt Q4 FY16 Q4 FY15
Current Ratio1.771.83
Debt/Capital0.860.83
Interest Expense22.322.4
Interest Coverage-2.130.12


Share Data Q4 FY16 Q4 FY15
Shares outstanding (mil)49.3948.91
Div / share0.180.18
EPS-2.1-0.91
Book value / share3.14.66
Institutional Own % n/a n/a
Avg Daily Volume533005.0406477.0

Valuation


HOLD. 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. Conducting a second comparison, its price-to-book ratio of 5.26 indicates a significant premium versus the S&P 500 average of 2.94 and a premium versus the industry average of 4.42. 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, GENERAL CABLE CORP/DE 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
BGC NM Peers 23.13   BGC NA Peers 15.32

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.

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

 

Neutral. The P/CF ratio is the stock’s price divided by the sum of the company's cash flow from operations. It is useful for comparing companies with different capital requirements or financing structures.

Ratio not available.

 
Price/Projected
Earnings
1 2 3 4 5
premium   discount
  Price to
Earnings/Growth
1 2 3 4 5
premium   discount
BGC 11.16 Peers 20.67   BGC NA Peers 2.30

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

BGC 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
BGC 5.26 Peers 4.42   BGC 20.67 Peers 0.67

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.

BGC is trading at a premium to its peers.

 

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

BGC 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
BGC 0.21 Peers 2.54   BGC -13.78 Peers -6.10

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.

BGC 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.

BGC significantly trails its peers on the basis of sales growth

 

 

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