EMCORE Corp

Find Ratings Reports
EMKR : NASDAQ : Technology
$8.7 | %
Today's Range: 0.0 - 0.0
Avg. Daily Volume: 450800.0
03/28/17 - 4:00 PM ET

Financial Analysis


EMCORE CORP's gross profit margin for the first quarter of its fiscal year 2017 is essentially unchanged 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 3.78 which clearly shows the ability to cover any short-term cash needs. The company's liquidity has decreased from the same period last year, indicating deteriorating cash flow.

During the same period, stockholders' equity ("net worth") has decreased by 19.91% 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.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. To learn more visit www.TheStreetRatings.com.



Income Statement Q1 FY17 Q1 FY16
Net Sales ($mil)30.1822.49
EBITDA ($mil)3.020.53
EBIT ($mil)2.270.02
Net Income ($mil)1.760.99


Balance Sheet Q1 FY17 Q1 FY16
Cash & Equiv. ($mil)62.74116.62
Total Assets ($mil)133.4160.21
Total Debt ($mil)0.00.0
Equity ($mil)109.61136.88


Profitability Q1 FY17 Q1 FY16
Gross Profit Margin35.7935.16
EBITDA Margin10.022.33
Operating Margin7.510.09
Sales Turnover0.750.54
Return on Assets6.774.96
Return on Equity4.120.52
Debt Q1 FY17 Q1 FY16
Current Ratio5.226.89
Debt/Capital0.00.0
Interest Expense0.00.0
Interest Coverage0.00.0


Share Data Q1 FY17 Q1 FY16
Shares outstanding (mil)26.2825.71
Div / share0.00.0
EPS0.070.0
Book value / share4.175.32
Institutional Own % n/a n/a
Avg Daily Volume434030.0333185.0

Valuation


BUY. EMCORE CORP's P/E ratio indicates a significant premium compared to an average of 40.97 for the Communications Equipment industry and a significant premium compared to the S&P 500 average of 26.33. For additional comparison, its price-to-book ratio of 2.11 indicates a discount versus the S&P 500 average of 2.93 and a discount versus the industry average of 3.45. The price-to-sales ratio is above the S&P 500 average, but well below the industry average.


Price/Earnings
1 2 3 4 5
premium   discount
  Price/Cash Flow
1 2 3 4 5
premium   discount
EMKR 51.76 Peers 40.97   EMKR NM Peers 17.74

Premium. A higher P/E ratio than its peers can signify a more expensive stock or higher growth expectations.

EMKR is trading at a significant premium to its peers.

 

Neutral. 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's P/CF is negative making the measure meaningless.

 
Price/Projected
Earnings
1 2 3 4 5
premium   discount
  Price to
Earnings/Growth
1 2 3 4 5
premium   discount
EMKR 14.67 Peers 19.16   EMKR 0.13 Peers 1.01

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

EMKR is trading at a valuation on par with 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 2.11 Peers 3.45   EMKR 325.00 Peers 5.61

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 2.32 Peers 3.31   EMKR 16.23 Peers 21.16

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.

 

Lower. A sales growth rate that trails the industry implies that a company is losing market share.

EMKR trails its peers on the basis of sales growth

 

 

Latest Stock Upgrades/Downgrades