EMCORE Corp

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EMKR : NASDAQ : Technology
$8.7 -0.35 | -3.87%
Today's Range: 8.65 - 9.15
Avg. Daily Volume: 392200.0
01/19/17 - 4:00 PM ET

Financial Analysis


EMCORE CORP's gross profit margin for the fourth quarter of its fiscal year 2016 has decreased when compared to the same period a year ago. The company managed to grow both sales and net income at a faster pace than the average competitor in its industry this quarter as compared to the same quarter a year ago. EMCORE CORP is extremely liquid. Currently, the Quick Ratio is 4.56 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 20.76% 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 Q4 FY16 Q4 FY15
Net Sales ($mil)25.623.02
EBITDA ($mil)2.581.95
EBIT ($mil)1.771.34
Net Income ($mil)2.01.48


Balance Sheet Q4 FY16 Q4 FY15
Cash & Equiv. ($mil)64.87112.26
Total Assets ($mil)127.21160.91
Total Debt ($mil)0.00.0
Equity ($mil)107.32135.44


Profitability Q4 FY16 Q4 FY15
Gross Profit Margin38.7943.69
EBITDA Margin10.088.46
Operating Margin6.925.83
Sales Turnover0.720.51
Return on Assets6.4939.21
Return on Equity2.44-1.67
Debt Q4 FY16 Q4 FY15
Current Ratio6.096.4
Debt/Capital0.00.0
Interest Expense0.00.0
Interest Coverage0.00.0


Share Data Q4 FY16 Q4 FY15
Shares outstanding (mil)26.2425.68
Div / share1.50.0
EPS0.060.05
Book value / share4.095.28
Institutional Own % n/a n/a
Avg Daily Volume378423.0290370.0

Valuation


BUY. EMCORE CORP's P/E ratio indicates a significant premium compared to an average of 30.07 for the Communications Equipment industry and a significant premium compared to the S&P 500 average of 25.49. For additional comparison, its price-to-book ratio of 2.29 indicates a discount versus the S&P 500 average of 2.84 and a discount versus the industry average of 3.31. The current price-to-sales ratio is well above the S&P 500 average, but below the industry average.


Price/Earnings
1 2 3 4 5
premium   discount
  Price/Cash Flow
1 2 3 4 5
premium   discount
EMKR 93.50 Peers 30.07   EMKR NM Peers 14.55

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 19.89 Peers 19.93   EMKR 0.31 Peers 0.92

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 premium 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 2.29 Peers 3.31   EMKR 266.66 Peers 27.99

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 2.67 Peers 2.93   EMKR 12.62 Peers 19.56

Average. 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 valuation on par with its industry on this measurement.

 

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

EMKR significantly trails its peers on the basis of sales growth

 

 

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