Eaton Vance Corp

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EV : NYSE : Financial
$39.54 -0.00 | -0.01%
Today's Range: 0.00 - 0.00
Avg. Daily Volume: 856,900
08/25/16 - 3:59 PM ET

Financial Analysis


EATON VANCE 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. Sales and net income have dropped, although the growth in net income underperformed the average competitor within the industry, the revenue growth did not.

During the same period, stockholders' equity ("net worth") has remained unchanged from the same quarter last year.

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Income Statement Q3 FY16 Q3 FY15
Net Sales ($mil)341.17355.51
EBITDA ($mil)0.0122.37
EBIT ($mil)106.73116.73
Net Income ($mil)62.968.71


Balance Sheet Q3 FY16 Q3 FY15
Cash & Equiv. ($mil)396.43318.87
Total Assets ($mil)1999.361625.9
Total Debt ($mil)961.71577.87
Equity ($mil)621.91618.47


Profitability Q3 FY16 Q3 FY15
Gross Profit Margin31.2834.42
EBITDA Margin0.034.41
Operating Margin31.2832.84
Sales Turnover0.670.88
Return on Assets11.9215.26
Return on Equity38.3440.13
Debt Q3 FY16 Q3 FY15
Current Ratio0.00.0
Debt/Capital0.610.48
Interest Expense0.08.51
Interest Coverage0.013.73


Share Data Q3 FY16 Q3 FY15
Shares outstanding (mil)113.15116.64
Div / share0.270.25
EPS0.550.57
Book value / share5.55.3
Institutional Own % n/a n/a
Avg Daily Volume867119.0824540.0

Valuation


BUY. This stock's P/E ratio indicates a discount compared to an average of 19.95 for the Capital Markets industry and a discount compared to the S&P 500 average of 25.30. For additional comparison, its price-to-book ratio of 7.27 indicates a significant premium versus the S&P 500 average of 2.83 and a significant premium versus the industry average of 1.72. The current price-to-sales ratio is well above the S&P 500 average, but below the industry average. The valuation analysis reveals that, EATON VANCE CORP seems to be trading at a discount to investment alternatives within the industry.


Price/Earnings
1 2 3 4 5
premium   discount
  Price/Cash Flow
1 2 3 4 5
premium   discount
EV 19.40 Peers 19.95   EV NA Peers 12.99

Average. An average P/E ratio can signify an industry neutral price for a stock and an average growth expectation.

EV is trading at a valuation on par with 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
EV 16.44 Peers 17.53   EV 1.82 Peers 1.39

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

EV is trading at a valuation on par with its peers.

 

Premium. 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.

EV trades at a significant premium to its peers.

 
Price/Book
1 2 3 4 5
premium   discount
  Earnings Growth
1 2 3 4 5
lower   higher
EV 7.27 Peers 1.72   EV 0.48 Peers -31.01

Premium. A higher price-to-book ratio makes a stock less attractive to investors seeking stocks with lower market values per dollar of equity on the balance sheet.

EV is trading at a significant premium to its peers.

 

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

EV 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
EV 3.38 Peers 3.81   EV -6.51 Peers -3.40

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.

EV is trading at a discount to its industry on this measurement.

 

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

EV significantly trails its peers on the basis of sales growth

 

 

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