Gritstone Oncology, Inc.Find Ratings Reports
GRITSTONE ONCOLOGY's gross profit margin for the fourth quarter of its fiscal year 2020 has significantly increased when compared to the same period a year ago. The company has grown sales and net income significantly, outpacing the average growth rates of competitors within its subsector. GRITSTONE ONCOLOGY is extremely liquid. Currently, the Quick Ratio is 6.34 which clearly shows the ability to cover any short-term cash needs. The company's liquidity has decreased from the same period last year, indicating deteriorating cash flow.
During the same period, stockholders' equity ("net worth") has increased by 24.11% 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||Q4 FY20||Q4 FY19|
|Net Sales ($mil)||1.35||0.88|
|Net Income ($mil)||-27.17||-27.7|
|Balance Sheet||Q4 FY20||Q4 FY19|
|Cash & Equiv. ($mil)||171.06||127.78|
|Total Assets ($mil)||221.57||184.39|
|Total Debt ($mil)||25.1||23.49|
|Profitability||Q4 FY20||Q4 FY19|
|Gross Profit Margin||-1886.88||-3039.71|
|Return on Assets||-47.53||-51.21|
|Return on Equity||-63.16||-70.29|
|Debt||Q4 FY20||Q4 FY19|
|Share Data||Q4 FY20||Q4 FY19|
|Shares outstanding (mil)||47.55||36.33|
|Div / share||0.0||0.0|
|Book value / share||3.51||3.7|
|Institutional Own %||n/a||n/a|
|Avg Daily Volume||3371848.0||432791.0|
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. For additional comparison, its price-to-book ratio of 2.52 indicates a significant discount versus the S&P 500 average of 4.38 and a significant discount versus the subsector average of 10.89. The price-to-sales ratio is well above the S&P 500 average, but well below the subsector average. After reviewing these and other key valuation criteria, GRITSTONE ONCOLOGY proves to trade at a discount to investment alternatives.
|GRTS NM||Peers 150.51||GRTS NM||Peers 27.32|
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.
GRTS'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.
GRTS's P/CF is negative making the measure meaningless.
|GRTS NM||Peers 20.46||GRTS NA||Peers 0.68|
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.
GRTS'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.
|GRTS 2.52||Peers 10.89||GRTS 0.36||Peers 21.29|
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.
GRTS is trading at a significant discount to its peers.
Lower. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios.
However, GRTS is expected to significantly trail its peers on the basis of its earnings growth rate.
|GRTS 104.17||Peers 1178.26||GRTS -7.52||Peers 978.73|
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.
GRTS is trading at a significant discount to its subsector on this measurement.
Lower. A sales growth rate that trails the subsector implies that a company is losing market share.
GRTS significantly trails its peers on the basis of sales growth.