EMCORE Corp

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EMKR : NASDAQ : Technology
$8.75 up 0.05 | 0.57%
Today's Range: 8.7 - 8.8
Avg. Daily Volume: 254900.0
09/25/17 - 9:33 AM ET

Financial Analysis


EMCORE CORP's gross profit margin for the third quarter of its fiscal year 2017 has increased when compared to the same period a year ago. The company has grown sales and net income significantly, outpacing the average growth rates of competitors within its industry. EMCORE CORP is extremely liquid. Currently, the Quick Ratio is 4.10 which clearly shows the ability to cover any short-term cash needs. The company's liquidity has decreased from the same period last year.

During the same period, stockholders' equity ("net worth") has decreased by 18.52% from the same quarter last year. Overall, the key liquidity measurements indicate that the company is very unlikely to face financial difficulties in the near future.

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Income Statement Q3 FY17 Q3 FY16
Net Sales ($mil)30.9522.38
EBITDA ($mil)2.650.22
EBIT ($mil)1.69-0.4
Net Income ($mil)2.431.3


Balance Sheet Q3 FY17 Q3 FY16
Cash & Equiv. ($mil)66.52106.27
Total Assets ($mil)140.48166.24
Total Debt ($mil)0.00.0
Equity ($mil)117.16143.8


Profitability Q3 FY17 Q3 FY16
Gross Profit Margin38.1335.87
EBITDA Margin8.550.96
Operating Margin5.45-1.78
Sales Turnover0.850.54
Return on Assets5.714.66
Return on Equity6.651.55
Debt Q3 FY17 Q3 FY16
Current Ratio5.627.25
Debt/Capital0.00.0
Interest Expense0.00.0
Interest Coverage0.00.0


Share Data Q3 FY17 Q3 FY16
Shares outstanding (mil)26.8726.13
Div / share0.00.0
EPS0.090.05
Book value / share4.365.5
Institutional Own % n/a n/a
Avg Daily Volume262767.0349571.0

Valuation


BUY. EMCORE CORP's P/E ratio indicates a premium compared to an average of 28.23 for the Communications Equipment industry and a premium compared to the S&P 500 average of 24.93. To use another comparison, its price-to-book ratio of 2.00 indicates a discount versus the S&P 500 average of 3.11 and a significant discount versus the industry average of 3.52. The price-to-sales ratio is below the S&P 500 average and is well below the industry average, indicating a discount.


Price/Earnings
1 2 3 4 5
premium   discount
  Price/Cash Flow
1 2 3 4 5
premium   discount
EMKR 30.00 Peers 28.23   EMKR 36.05 Peers 16.97

Average. An average P/E ratio can signify an industry neutral price for a stock and an average growth expectation.

EMKR is trading at a valuation on par with 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.

EMKR 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
EMKR 13.08 Peers 671.79   EMKR 0.07 Peers 0.76

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

EMKR is trading at a significant discount 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.

EMKR 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
EMKR 2.00 Peers 3.52   EMKR 222.22 Peers -7.15

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.

EMKR is trading at a significant discount to its peers.

 

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

EMKR 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
EMKR 1.96 Peers 3.15   EMKR 33.44 Peers 7.47

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.

EMKR is trading at a significant discount to its industry on this measurement.

 

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

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

 

 

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