Big 5 Sporting Goods Corporation
Find Ratings ReportsBIG 5 SPORTING GOODS CORP's gross profit margin for the fourth quarter of its fiscal year 2023 has decreased when compared to the same period a year ago. Sales and net income have dropped, underperforming the average competitor within its subsector. BIG 5 SPORTING GOODS CORP has very weak liquidity. Currently, the Quick Ratio is 0.10 which clearly shows a lack of ability to cover short-term cash needs. The company's liquidity decreased from the same period a year ago, despite already having very weak liquidity to begin with. This would indicate deteriorating cash flow.
During the same period, stockholders' equity ("net worth") has decreased by 9.06% from the same quarter last year. The key liquidity measurements indicate that the company is in a position in which financial difficulties could develop in the near future.
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Income Statement | Q4 FY23 | Q4 FY22 |
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Net Sales ($mil) | 196.35 | 238.31 |
EBITDA ($mil) | -8.58 | 6.88 |
EBIT ($mil) | -13.23 | 2.28 |
Net Income ($mil) | -8.85 | 1.73 |
Balance Sheet | Q4 FY23 | Q4 FY22 |
---|---|---|
Cash & Equiv. ($mil) | 9.2 | 25.57 |
Total Assets ($mil) | 644.68 | 708.79 |
Total Debt ($mil) | 277.25 | 295.47 |
Equity ($mil) | 244.41 | 268.78 |
Profitability | Q4 FY23 | Q4 FY22 |
---|---|---|
Gross Profit Margin | 32.54 | 35.43 |
EBITDA Margin | -4.36 | 2.88 |
Operating Margin | -6.74 | 0.96 |
Sales Turnover | 1.37 | 1.4 |
Return on Assets | -1.09 | 3.68 |
Return on Equity | -2.9 | 9.72 |
Debt | Q4 FY23 | Q4 FY22 |
---|---|---|
Current Ratio | 1.63 | 1.69 |
Debt/Capital | 0.53 | 0.52 |
Interest Expense | 0.0 | 0.18 |
Interest Coverage | 0.0 | 12.48 |
Share Data | Q4 FY23 | Q4 FY22 |
---|---|---|
Shares outstanding (mil) | 22.44 | 22.18 |
Div / share | 0.13 | 0.25 |
EPS | -0.41 | 0.08 |
Book value / share | 10.89 | 12.12 |
Institutional Own % | n/a | n/a |
Avg Daily Volume | 350440.0 | 291463.0 |
SELL. The current P/E ratio is negative, which has no meaningful value in the assessment of premium or discount valuation, it simply displays that the company has negative earnings. For additional comparison, its price-to-book ratio of 0.33 indicates a significant discount versus the S&P 500 average of 4.68 and a significant discount versus the subsector average of 9.50. The price-to-sales ratio is well below both the S&P 500 average and the subsector average, indicating a discount. After reviewing these and other key valuation criteria, BIG 5 SPORTING GOODS CORP proves to trade at a discount to investment alternatives.
Price/Earnings |
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Price/Cash Flow |
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BGFV NM | Peers 55.65 | BGFV NA | Peers 15.89 | |||||||||||||||||||||
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. BGFV'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. |
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Price/Projected Earnings |
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Price to Earnings/Growth |
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BGFV NA | Peers 23.14 | BGFV NA | Peers 13.29 | |||||||||||||||||||||
Neutral. A lower price-to-projected earnings ratio than its peers can signify a less expensive stock or lower future growth potential. Ratio not available. |
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. |
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Price/Book |
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Earnings Growth |
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BGFV 0.33 | Peers 9.50 | BGFV -127.73 | Peers -13.13 | |||||||||||||||||||||
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. BGFV 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, BGFV is expected to significantly trail its peers on the basis of its earnings growth rate. |
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Price/Sales |
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Sales Growth |
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BGFV 0.09 | Peers 1.51 | BGFV -11.13 | Peers 2.20 | |||||||||||||||||||||
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. BGFV is trading at a significant discount to its subsector on this measurement. |
Lower. A sales growth rate that trails the subsector implies that a company is losing market share. BGFV significantly trails its peers on the basis of sales growth. |
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