GenMark Diagnostics Inc

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GNMK : NASDAQ : Health Care
$9.41 -0.24 | -2.5%
Today's Range: 9.24 - 9.93
Avg. Daily Volume: 419600.0
09/19/17 - 1:36 PM ET

Financial Analysis

GENMARK DIAGNOSTICS INC's gross profit margin for the second quarter of its fiscal year 2017 has significantly decreased when compared to the same period a year ago. Sales and net income have dropped, however the growth has outpaced the average competitor within the industry. GENMARK DIAGNOSTICS INC is extremely liquid. Currently, the Quick Ratio is 3.35 which clearly shows the ability to cover any short-term cash needs. The company's liquidity has increased from the same period last year.

At the same time, stockholders' equity ("net worth") has greatly increased by 228.18% 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 FY17 Q2 FY16
Net Sales ($mil)12.3612.51
EBITDA ($mil)-16.03-11.7
EBIT ($mil)-17.27-12.59
Net Income ($mil)-17.99-12.91

Balance Sheet Q2 FY17 Q2 FY16
Cash & Equiv. ($mil)106.5237.5
Total Assets ($mil)145.8562.62
Total Debt ($mil)34.1819.66
Equity ($mil)93.3528.45

Profitability Q2 FY17 Q2 FY16
Gross Profit Margin49.5369.4
EBITDA Margin-129.7-93.48
Operating Margin-139.71-100.61
Sales Turnover0.350.72
Return on Assets-38.83-73.52
Return on Equity-60.67-161.86
Debt Q2 FY17 Q2 FY16
Current Ratio3.592.95
Interest Expense0.750.31
Interest Coverage-22.9-40.87

Share Data Q2 FY17 Q2 FY16
Shares outstanding (mil)54.6742.99
Div / share0.00.0
Book value / share1.710.66
Institutional Own % n/a n/a
Avg Daily Volume410591.0315392.0


SELL. The current P/E ratio is negative, which has no meaningful value in the assessment of premium or discount valuation, it simply displays that the company has negative earnings. Conducting a second comparison, its price-to-book ratio of 5.38 indicates a significant premium versus the S&P 500 average of 3.10 and a premium versus the industry average of 4.90. The price-to-sales ratio is well above both the S&P 500 average and the industry average, indicating a premium. Upon assessment of these and other key valuation criteria, GENMARK DIAGNOSTICS INC seems to be trading at a premium to investment alternatives within the industry.

1 2 3 4 5
premium   discount
  Price/Cash Flow
1 2 3 4 5
premium   discount
GNMK NM Peers 48.70   GNMK NM Peers 37.09

Neutral. The absence of a valid P/E ratio happens when a stock can not be valued on the basis of a negative stream of earnings.

GNMK's P/E is negative making this valuation measure meaningless.


Neutral. 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.

GNMK's P/CF is negative making the measure meaningless.

1 2 3 4 5
premium   discount
  Price to
1 2 3 4 5
premium   discount
GNMK NM Peers 33.41   GNMK NA Peers 1.03

Neutral. The absence of a valid price-to-projected earnings ratio happens when a stock can not be valued on the basis of a negative expected future earnings.

GNMK's ratio is negative making this valuation measure meaningless.


Neutral. 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.

Ratio not available.

1 2 3 4 5
premium   discount
  Earnings Growth
1 2 3 4 5
lower   higher
GNMK 5.38 Peers 4.90   GNMK -12.03 Peers 47.56

Average. 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.

GNMK is trading at a valuation on par with its peers.


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

However, GNMK is expected to significantly trail its peers on the basis of its earnings growth rate.

1 2 3 4 5
premium   discount
  Sales Growth
1 2 3 4 5
premium   discount
GNMK 9.93 Peers 5.32   GNMK 11.84 Peers 15.38

Premium. 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.

GNMK is trading at a significant premium to its industry.


Lower. A sales growth rate that trails the industry implies that a company is losing market share.

GNMK trails its peers on the basis of sales growth



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