Eaton Vance Corp

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EV : NYSE : Financial
$48.36 up 0.52 | 1.1%
Today's Range: 47.74 - 48.41
Avg. Daily Volume: 545500.0
09/20/17 - 3:59 PM ET

Financial Analysis


EATON VANCE CORP's gross profit margin for the third quarter of its fiscal year 2017 is essentially unchanged when compared to the same period a year ago. Sales and net income have grown, and although the growth in revenues has outpaced the average competitor within the industry, the net income growth has not.

At the same time, stockholders' equity ("net worth") has greatly increased by 44.90% from the same quarter last year.

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Income Statement Q3 FY17 Q3 FY16
Net Sales ($mil)393.75341.17
EBITDA ($mil)125.43111.58
EBIT ($mil)121.63106.73
Net Income ($mil)67.3662.9


Balance Sheet Q3 FY17 Q3 FY16
Cash & Equiv. ($mil)550.17396.43
Total Assets ($mil)2074.041999.36
Total Debt ($mil)618.58961.71
Equity ($mil)901.2621.91


Profitability Q3 FY17 Q3 FY16
Gross Profit Margin31.8632.71
EBITDA Margin31.8532.7
Operating Margin30.8931.28
Sales Turnover0.710.67
Return on Assets12.7811.92
Return on Equity29.4138.34
Debt Q3 FY17 Q3 FY16
Current Ratio0.00.0
Debt/Capital0.410.61
Interest Expense6.1811.74
Interest Coverage19.689.09


Share Data Q3 FY17 Q3 FY16
Shares outstanding (mil)116.61113.15
Div / share0.280.27
EPS0.580.55
Book value / share7.735.5
Institutional Own % n/a n/a
Avg Daily Volume541833.0645362.0

Valuation


BUY. This stock's P/E ratio indicates a discount compared to an average of 21.01 for the Capital Markets industry and a discount compared to the S&P 500 average of 24.88. For additional comparison, its price-to-book ratio of 6.10 indicates a significant premium versus the S&P 500 average of 3.10 and a significant premium versus the industry average of 3.76. 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 20.51 Peers 21.01   EV 36.62 Peers 20.56

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 16.27 Peers 18.04   EV 1.28 Peers 2.22

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.

 

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.

EV 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
EV 6.10 Peers 3.76   EV 11.65 Peers 55.04

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 3.74 Peers 4.09   EV 9.92 Peers 19.17

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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