EMCORE Corp

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EMKR : NASDAQ : Technology
$5.01 -0.04 | -0.79%
Today's Range: 5.00 - 5.10
Avg. Daily Volume: 305,400
08/30/16 - 3:59 PM ET

Financial Analysis


EMCORE CORP's gross profit margin for the third quarter of its fiscal year 2016 has decreased when compared to the same period a year ago. Even though sales increased, the net income has decreased, representing a decrease to the bottom line. EMCORE CORP is extremely liquid. Currently, the Quick Ratio is 6.15 which clearly shows the ability to cover any short-term cash needs. The company's liquidity has increased from the same period last year.

During the same period, stockholders' equity ("net worth") has increased by 7.71% 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 FY16 Q3 FY15
Net Sales ($mil)22.3821.19
EBITDA ($mil)0.221.41
EBIT ($mil)-0.40.87
Net Income ($mil)1.32.44


Balance Sheet Q3 FY16 Q3 FY15
Cash & Equiv. ($mil)106.27114.16
Total Assets ($mil)166.24159.99
Total Debt ($mil)0.00.0
Equity ($mil)143.8133.5


Profitability Q3 FY16 Q3 FY15
Gross Profit Margin35.8738.81
EBITDA Margin0.966.64
Operating Margin-1.784.09
Sales Turnover0.540.46
Return on Assets4.6648.19
Return on Equity1.5510.0
Debt Q3 FY16 Q3 FY15
Current Ratio7.256.12
Debt/Capital0.00.0
Interest Expense0.00.0
Interest Coverage0.00.0


Share Data Q3 FY16 Q3 FY15
Shares outstanding (mil)26.1325.53
Div / share0.00.0
EPS0.050.02
Book value / share5.55.23
Institutional Own % n/a n/a
Avg Daily Volume307190.0318643.0

Valuation


HOLD. EMCORE CORP's P/E ratio indicates a significant premium compared to an average of 28.55 for the Communications Equipment industry and a significant premium compared to the S&P 500 average of 25.13. For additional comparison, its price-to-book ratio of 0.91 indicates a significant discount versus the S&P 500 average of 2.82 and a significant discount versus the industry average of 3.33. 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 55.56 Peers 28.55   EMKR NM Peers 12.31

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 15.15 Peers 19.61   EMKR NM Peers 1.03

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

EMKR is trading at a significant 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.

EMKR's negative PEG ratio makes this valuation measure meaningless.

 
Price/Book
1 2 3 4 5
premium   discount
  Earnings Growth
1 2 3 4 5
lower   higher
EMKR 0.91 Peers 3.33   EMKR -79.55 Peers 19.83

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.

 

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

However, EMKR 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
EMKR 1.46 Peers 3.22   EMKR 22.53 Peers 12.12

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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