Finisar Corp

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FNSR : NASDAQ : Technology
$30.89 | %
Today's Range: 0.0 - 0.0
Avg. Daily Volume: 2284700.0
01/19/17 - 4:00 PM ET

Financial Analysis


FINISAR CORP's gross profit margin for the second quarter of its fiscal year 2016 has increased when compared to the same period a year ago. The company managed to grow both sales and net income at a faster pace than the average competitor in its industry this quarter as compared to the same quarter a year ago. FINISAR CORP is extremely liquid. Currently, the Quick Ratio is 3.77 which clearly shows the ability to cover any short-term cash needs. The company's liquidity has increased from the same period last year.

During the same period, stockholders' equity ("net worth") has increased by 12.82% 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 FY16 Q2 FY15
Net Sales ($mil)369.86321.14
EBITDA ($mil)76.6434.5
EBIT ($mil)53.2311.4
Net Income ($mil)48.776.64


Balance Sheet Q2 FY16 Q2 FY15
Cash & Equiv. ($mil)626.28520.77
Total Assets ($mil)1750.061577.25
Total Debt ($mil)234.68226.15
Equity ($mil)1249.321107.27


Profitability Q2 FY16 Q2 FY15
Gross Profit Margin42.3134.86
EBITDA Margin20.7110.74
Operating Margin14.393.55
Sales Turnover0.770.8
Return on Assets5.591.2
Return on Equity7.831.71
Debt Q2 FY16 Q2 FY15
Current Ratio5.04.88
Debt/Capital0.160.17
Interest Expense2.992.87
Interest Coverage17.813.97


Share Data Q2 FY16 Q2 FY15
Shares outstanding (mil)110.63106.79
Div / share0.00.0
EPS0.430.06
Book value / share11.2910.37
Institutional Own % n/a n/a
Avg Daily Volume2174843.01777236.0

Valuation


BUY. FINISAR CORP's P/E ratio indicates a premium compared to an average of 30.07 for the Communications Equipment industry and a premium compared to the S&P 500 average of 25.49. To use another comparison, its price-to-book ratio of 2.64 indicates valuation on par with the S&P 500 average of 2.84 and a discount versus the industry average of 3.31. 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
FNSR 33.84 Peers 30.07   FNSR 16.87 Peers 14.55

Premium. A higher P/E ratio than its peers can signify a more expensive stock or higher growth expectations.

FNSR is trading at a premium to 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.

FNSR is trading at a 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
FNSR 11.68 Peers 19.93   FNSR 0.06 Peers 0.92

Discount. A lower price-to-projected earnings ratio than its peers can signify a less expensive stock or lower future growth expectations.

FNSR is trading at a significant discount to 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.

FNSR 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
FNSR 2.64 Peers 3.31   FNSR 388.88 Peers 27.99

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.

FNSR 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.

FNSR 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
FNSR 2.46 Peers 2.93   FNSR 6.15 Peers 19.56

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.

FNSR 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.

FNSR significantly trails its peers on the basis of sales growth

 

 

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