Eaton Vance Corp

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EV : NYSE : Financial
$37.50 | %
Today's Range: 0.00 - 0.00
Avg. Daily Volume: 891,500
07/28/16 - 4:01 PM ET

Financial Analysis


EATON VANCE CORP's gross profit margin for the second 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 virtually unchanged only decreasing by 3.25% from the same quarter last year.

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Income Statement Q2 FY16 Q2 FY15
Net Sales ($mil)323.29351.66
EBITDA ($mil)100.75127.22
EBIT ($mil)95.77122.22
Net Income ($mil)54.9770.38


Balance Sheet Q2 FY16 Q2 FY15
Cash & Equiv. ($mil)367.17268.16
Total Assets ($mil)1920.761772.55
Total Debt ($mil)958.11699.65
Equity ($mil)613.95634.63


Profitability Q2 FY16 Q2 FY15
Gross Profit Margin31.1636.18
EBITDA Margin31.1636.17
Operating Margin29.6234.76
Sales Turnover0.70.81
Return on Assets12.7114.52
Return on Equity39.7840.56
Debt Q2 FY16 Q2 FY15
Current Ratio0.00.0
Debt/Capital0.610.52
Interest Expense10.227.95
Interest Coverage9.3715.38


Share Data Q2 FY16 Q2 FY15
Shares outstanding (mil)113.87118.04
Div / share0.270.25
EPS0.480.58
Book value / share5.395.38
Institutional Own % n/a n/a
Avg Daily Volume890491.0945522.0

Valuation


BUY. This stock's P/E ratio indicates a discount compared to an average of 18.21 for the Capital Markets industry and a discount compared to the S&P 500 average of 25.05. For additional comparison, its price-to-book ratio of 6.93 indicates a significant premium versus the S&P 500 average of 2.81 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 and above the industry average, indicating a premium.


Price/Earnings
1 2 3 4 5
premium   discount
  Price/Cash Flow
1 2 3 4 5
premium   discount
EV 17.95 Peers 18.21   EV 11.46 Peers 18.05

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.

 

Discount. 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 discount 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 15.96 Peers 15.90   EV 2.09 Peers 1.57

Premium. A higher price-to-projected earnings ratio than its peers can signify a more expensive stock or higher future growth expectations.

EV is trading at a premium to 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 6.93 Peers 1.72   EV -1.43 Peers -45.07

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 3.15 Peers 3.04   EV -6.30 Peers -2.28

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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