Eaton Vance Corp

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EV : NYSE : Financial
$45.18 up 0.07 | 0.16%
Today's Range: 44.91 - 45.38
Avg. Daily Volume: 653200.0
05/23/17 - 4:00 PM ET

Financial Analysis


EATON VANCE CORP's gross profit margin for the first quarter of its fiscal year 2017 is essentially unchanged when compared to the same period a year ago. The company has grown sales and net income during the past quarter when compared with the same quarter a year ago, however, it was unable to keep up with the growth of the average competitor within its industry.

At the same time, stockholders' equity ("net worth") has greatly increased by 25.82% from the same quarter last year.

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Income Statement Q1 FY17 Q1 FY16
Net Sales ($mil)354.96331.56
EBITDA ($mil)109.93106.04
EBIT ($mil)105.44100.63
Net Income ($mil)60.7158.39


Balance Sheet Q1 FY17 Q1 FY16
Cash & Equiv. ($mil)320.11388.58
Total Assets ($mil)1758.61893.12
Total Debt ($mil)571.95964.5
Equity ($mil)743.08590.56


Profitability Q1 FY17 Q1 FY16
Gross Profit Margin30.9731.98
EBITDA Margin30.9631.98
Operating Margin29.730.35
Sales Turnover0.780.73
Return on Assets13.8513.71
Return on Equity32.7843.97
Debt Q1 FY17 Q1 FY16
Current Ratio0.00.0
Debt/Capital0.430.62
Interest Expense7.359.18
Interest Coverage14.3510.96


Share Data Q1 FY17 Q1 FY16
Shares outstanding (mil)115.21115.17
Div / share0.280.27
EPS0.530.5
Book value / share6.455.13
Institutional Own % n/a n/a
Avg Daily Volume665858.0677860.0

Valuation


BUY. This stock's P/E ratio indicates a premium compared to an average of 20.16 for the Capital Markets industry and a discount compared to the S&P 500 average of 25.02. For additional comparison, its price-to-book ratio of 6.84 indicates a significant premium versus the S&P 500 average of 3.00 and a significant premium versus the industry average of 3.55. The current price-to-sales ratio is well above the S&P 500 average, but below the industry average. After reviewing these and other key valuation criteria, EATON VANCE CORP proves to trade at a premium 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 20.71 Peers 20.16   EV 23.33 Peers 17.68

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.

 

Premium. 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.

EV is trading at a significant premium to its peers.

 
Price/Projected
Earnings
1 2 3 4 5
premium   discount
  Price to
Earnings/Growth
1 2 3 4 5
premium   discount
EV 15.48 Peers 16.89   EV 1.37 Peers 1.05

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 6.84 Peers 3.55   EV -2.30 Peers 57.45

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.

 

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

However, EV 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
EV 3.72 Peers 3.82   EV -1.01 Peers 10.47

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.

EV 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.

EV significantly trails its peers on the basis of sales growth

 

 

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