General Cable Corp

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BGC : NYSE : Industrial Goods
$19.7 | %
Today's Range: 0.0 - 0.0
Avg. Daily Volume: 649400.0
09/18/17 - 4:02 PM ET

Financial Analysis


GENERAL CABLE CORP/DE's gross profit margin for the second quarter of its fiscal year 2017 has decreased when compared to the same period a year ago. Sales and net income have dropped, underperforming the average competitor within its industry. GENERAL CABLE CORP/DE has weak liquidity. Currently, the Quick Ratio is 0.97 which 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 significantly decreased by 55.61% 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 Q2 FY17 Q2 FY16
Net Sales ($mil)943.11021.2
EBITDA ($mil)6.951.8
EBIT ($mil)-11.132.4
Net Income ($mil)-70.829.8


Balance Sheet Q2 FY17 Q2 FY16
Cash & Equiv. ($mil)96.662.8
Total Assets ($mil)2277.02466.6
Total Debt ($mil)1083.01024.1
Equity ($mil)120.2270.8


Profitability Q2 FY17 Q2 FY16
Gross Profit Margin12.9613.95
EBITDA Margin0.735.07
Operating Margin-1.183.17
Sales Turnover1.621.65
Return on Assets-7.78-2.1
Return on Equity-147.5-19.12
Debt Q2 FY17 Q2 FY16
Current Ratio2.011.88
Debt/Capital0.90.79
Interest Expense19.422.8
Interest Coverage-0.571.42


Share Data Q2 FY17 Q2 FY16
Shares outstanding (mil)49.7649.29
Div / share0.180.18
EPS-1.420.57
Book value / share2.425.49
Institutional Own % n/a n/a
Avg Daily Volume640777.0487181.0

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. For additional comparison, its price-to-book ratio of 7.84 indicates a significant premium versus the S&P 500 average of 3.10 and a significant premium versus the industry average of 4.50. 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 24.00   BGC 14.90 Peers 17.44

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.

 

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.

BGC is trading at a 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
BGC 18.95 Peers 20.83   BGC NA Peers 1.82

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

BGC is trading at a premium 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.

 
Price/Book
1 2 3 4 5
premium   discount
  Earnings Growth
1 2 3 4 5
lower   higher
BGC 7.84 Peers 4.50   BGC -224.54 Peers 11.27

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 significant premium to its peers.

 

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

However, BGC 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
BGC 0.26 Peers 2.38   BGC -9.27 Peers 0.71

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.

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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