Finisar Corp

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FNSR : NASDAQ : Technology
$29.16 -0.52 | -1.75%
Today's Range: 29.12 - 29.63
Avg. Daily Volume: 1,835,800
10/21/16 - 4:00 PM ET

Financial Analysis

FINISAR CORP's gross profit margin for the first quarter of its fiscal year 2016 has increased when compared to the same period a year ago. The company has grown its sales and net income during the past quarter when compared with the same quarter a year ago, and although its growth in net income has outpaced the industry average, its revenue growth has not. FINISAR CORP is extremely liquid. Currently, the Quick Ratio is 3.91 which clearly shows the ability to cover any short-term cash needs. FNSR managed to increase the liquidity from the same period a year ago, despite already having very strong liquidity to begin with. This would indicate improved cash flow.

During the same period, stockholders' equity ("net worth") has increased by 8.03% 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 Q1 FY16 Q1 FY15
Net Sales ($mil)341.33314.03
EBITDA ($mil)52.7136.61
EBIT ($mil)28.8712.88
Net Income ($mil)23.953.39

Balance Sheet Q1 FY16 Q1 FY15
Cash & Equiv. ($mil)593.8495.69
Total Assets ($mil)1668.511567.86
Total Debt ($mil)232.02223.76
Equity ($mil)1194.121105.33

Profitability Q1 FY16 Q1 FY15
Gross Profit Margin38.5236.14
EBITDA Margin15.4411.65
Operating Margin8.464.1
Sales Turnover0.770.79
Return on Assets3.340.06
Return on Equity4.660.09
Debt Q1 FY16 Q1 FY15
Current Ratio5.184.95
Interest Expense2.952.84
Interest Coverage9.794.54

Share Data Q1 FY16 Q1 FY15
Shares outstanding (mil)110.17106.55
Div / share0.00.0
Book value / share10.8410.37
Institutional Own % n/a n/a
Avg Daily Volume1767830.01410844.0


BUY. FINISAR CORP's P/E ratio indicates a significant premium compared to an average of 26.50 for the Communications Equipment industry and a significant premium compared to the S&P 500 average of 24.54. To use another comparison, its price-to-book ratio of 2.71 indicates valuation on par with the S&P 500 average of 2.72 and a discount versus the industry average of 3.42. The price-to-sales ratio is well above the S&P 500 average, but well below the industry average.

1 2 3 4 5
premium   discount
  Price/Cash Flow
1 2 3 4 5
premium   discount
FNSR 57.49 Peers 26.50   FNSR 16.20 Peers 13.37

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

FNSR is trading at a significant 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.

1 2 3 4 5
premium   discount
  Price to
1 2 3 4 5
premium   discount
FNSR 14.66 Peers 17.94   FNSR 0.13 Peers 0.94

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

FNSR 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.

FNSR trades at a significant discount to its peers.

1 2 3 4 5
premium   discount
  Earnings Growth
1 2 3 4 5
lower   higher
FNSR 2.71 Peers 3.42   FNSR 5000.00 Peers 67.73

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.

1 2 3 4 5
premium   discount
  Sales Growth
1 2 3 4 5
premium   discount
FNSR 2.50 Peers 3.21   FNSR 4.29 Peers 12.21

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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