EMCORE CorpFind Ratings Reports
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 ($mil)||25.6||23.02|
|Net Income ($mil)||2.0||1.48|
|Balance Sheet||Q4 FY16||Q4 FY15|
|Cash & Equiv. ($mil)||64.87||112.26|
|Total Assets ($mil)||127.21||160.91|
|Total Debt ($mil)||0.0||0.0|
|Profitability||Q4 FY16||Q4 FY15|
|Gross Profit Margin||38.79||43.69|
|Return on Assets||6.49||39.21|
|Return on Equity||2.44||-1.67|
|Debt||Q4 FY16||Q4 FY15|
|Share Data||Q4 FY16||Q4 FY15|
|Shares outstanding (mil)||26.24||25.68|
|Div / share||1.5||0.0|
|Book value / share||4.09||5.28|
|Institutional Own %||n/a||n/a|
|Avg Daily Volume||378423.0||290370.0|
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.
|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.
|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.
|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.
|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