EMCORE Corp

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EMKR : NASDAQ : Technology
$10.0 -0.25 | -2.44%
Today's Range: 9.925 - 10.25
Avg. Daily Volume: 368400.0
05/24/17 - 4:00 PM ET

Financial Analysis


EMCORE CORP's gross profit margin for the second quarter of its fiscal year 2017 is essentially unchanged when compared to the same period a year ago. Even though sales increased, the net income has decreased. EMCORE CORP is extremely liquid. Currently, the Quick Ratio is 4.23 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 19.98% 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 Q2 FY17 Q2 FY16
Net Sales ($mil)32.5921.53
EBITDA ($mil)0.00.21
EBIT ($mil)2.23-0.37
Net Income ($mil)1.853.98


Balance Sheet Q2 FY17 Q2 FY16
Cash & Equiv. ($mil)68.8110.56
Total Assets ($mil)135.69161.57
Total Debt ($mil)0.00.0
Equity ($mil)113.63142.02


Profitability Q2 FY17 Q2 FY16
Gross Profit Margin33.8735.28
EBITDA Margin0.00.96
Operating Margin6.83-1.7
Sales Turnover0.820.55
Return on Assets5.085.5
Return on Equity5.751.06
Debt Q2 FY17 Q2 FY16
Current Ratio5.778.39
Debt/Capital0.00.0
Interest Expense0.00.0
Interest Coverage0.00.0


Share Data Q2 FY17 Q2 FY16
Shares outstanding (mil)26.2826.1
Div / share0.00.0
EPS0.07-0.01
Book value / share4.325.44
Institutional Own % n/a n/a
Avg Daily Volume381234.0474253.0

Valuation


BUY. EMCORE CORP's P/E ratio indicates a significant premium compared to an average of 22.98 for the Communications Equipment industry and a significant premium compared to the S&P 500 average of 25.02. For additional comparison, its price-to-book ratio of 2.37 indicates a discount versus the S&P 500 average of 3.00 and a discount versus the industry average of 3.14. The current price-to-sales ratio is 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 41.00 Peers 22.98   EMKR NA Peers 13.72

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 is the stock’s price divided by the sum of the company's cash flow from operations. It is useful for comparing companies with different capital requirements or financing structures.

Ratio not available.

 
Price/Projected
Earnings
1 2 3 4 5
premium   discount
  Price to
Earnings/Growth
1 2 3 4 5
premium   discount
EMKR 15.77 Peers 19.77   EMKR 0.09 Peers 0.92

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 2.37 Peers 3.14   EMKR 316.66 Peers 5.86

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 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 2.43 Peers 2.92   EMKR 25.51 Peers 13.77

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 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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