General Cable Corp

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BGC : NYSE : Industrial Goods
$18.8 up 0.15 | 0.8%
Today's Range: 18.55 - 18.94
Avg. Daily Volume: 529400.0
07/27/17 - 4:02 PM ET

Financial Analysis


GENERAL CABLE CORP/DE's gross profit margin for the first quarter of its fiscal year 2017 has increased when compared to the same period a year ago. Even though sales decreased, the net income has increased. GENERAL CABLE CORP/DE has weak liquidity. Currently, the Quick Ratio is 0.92 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 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 Q1 FY17 Q1 FY16
Net Sales ($mil)918.21002.7
EBITDA ($mil)60.261.0
EBIT ($mil)41.140.1
Net Income ($mil)12.4-4.7


Balance Sheet Q1 FY17 Q1 FY16
Cash & Equiv. ($mil)83.486.5
Total Assets ($mil)2293.82587.4
Total Debt ($mil)1052.51146.6
Equity ($mil)165.3246.2


Profitability Q1 FY17 Q1 FY16
Gross Profit Margin15.2714.4
EBITDA Margin6.556.08
Operating Margin4.484.0
Sales Turnover1.651.68
Return on Assets-3.34-3.42
Return on Equity-46.4-37.65
Debt Q1 FY17 Q1 FY16
Current Ratio2.011.88
Debt/Capital0.860.82
Interest Expense20.721.9
Interest Coverage1.991.83


Share Data Q1 FY17 Q1 FY16
Shares outstanding (mil)49.6249.24
Div / share0.180.18
EPS0.24-0.1
Book value / share3.335.0
Institutional Own % n/a n/a
Avg Daily Volume527452.0547398.0

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 5.54 indicates a significant premium versus the S&P 500 average of 3.07 and a premium versus the industry average of 4.44. 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 23.65   BGC 8.52 Peers 69.78

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 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
BGC 12.72 Peers 20.76   BGC NA Peers 1.80

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

BGC is trading at a 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.

 
Price/Book
1 2 3 4 5
premium   discount
  Earnings Growth
1 2 3 4 5
lower   higher
BGC 5.54 Peers 4.44   BGC 16.85 Peers 16.47

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.

 

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

BGC is expected to keep pace with its peers on the basis of earnings growth.

 
Price/Sales
1 2 3 4 5
premium   discount
  Sales Growth
1 2 3 4 5
premium   discount
BGC 0.24 Peers 2.50   BGC -13.17 Peers -1.69

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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