Harmonic Inc.Find Ratings Reports
HARMONIC INC's gross profit margin for the first quarter of its fiscal year 2021 is essentially unchanged when compared to the same period a year ago. The company grew its sales and net income significantly quarter versus same quarter a year prior, and was able to outpace the average competitor in the subsector when comparing revenue growth, but not when comparing net income growth. HARMONIC INC has average liquidity. Currently, the Quick Ratio is 1.03 which shows that technically this company has the ability to cover short-term cash needs. The company's liquidity has increased from the same period last year, indicating improving cash flow.
During the same period, stockholders' equity ("net worth") has increased by 9.10% from the same quarter last year. Together, the key liquidity measurements indicate that it is relatively unlikely that the company will face financial difficulties in the near future.
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|Income Statement||Q1 FY21||Q1 FY20|
|Net Sales ($mil)||111.58||78.42|
|Net Income ($mil)||-6.12||-21.95|
|Balance Sheet||Q1 FY21||Q1 FY20|
|Cash & Equiv. ($mil)||100.78||71.71|
|Total Assets ($mil)||609.71||576.28|
|Total Debt ($mil)||184.99||184.14|
|Profitability||Q1 FY21||Q1 FY20|
|Gross Profit Margin||52.13||51.51|
|Return on Assets||-2.2||-2.87|
|Return on Equity||-5.17||-6.96|
|Debt||Q1 FY21||Q1 FY20|
|Share Data||Q1 FY21||Q1 FY20|
|Shares outstanding (mil)||100.99||96.57|
|Div / share||0.0||0.0|
|Book value / share||2.57||2.47|
|Institutional Own %||n/a||n/a|
|Avg Daily Volume||647893.0||700383.0|
HOLD. This stock’s P/E ratio is negative, making its value useless in the assessment of premium or discount valuation, only displaying that the company has negative earnings per share. To use another comparison, its price-to-book ratio of 3.27 indicates a discount versus the S&P 500 average of 4.59 and a significant discount versus the subsector average of 5.18. The price-to-sales ratio is well below both the S&P 500 average and the subsector average, indicating a discount. After reviewing these and other key valuation criteria, HARMONIC INC proves to trade at a discount to investment alternatives.
|HLIT NM||Peers 41.39||HLIT 15.88||Peers 19.12|
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.
HLIT's P/E is negative making this valuation measure meaningless.
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.
HLIT is trading at a discount to its peers.
|HLIT 20.77||Peers 23.89||HLIT NA||Peers 0.97|
Premium. A higher price-to-projected earnings ratio than its peers can signify a more expensive stock or higher future growth expectations.
HLIT is trading at a significant premium to its peers.
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.
|HLIT 3.27||Peers 5.18||HLIT 16.67||Peers 19.87|
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.
HLIT 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, HLIT is expected to trail its peers on the basis of its earnings growth rate.
|HLIT 2.06||Peers 4.68||HLIT 2.69||Peers 2.45|
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.
HLIT is trading at a significant discount to its subsector on this measurement.
Average. Comparing a company's sales growth to its subsector helps to determine if the company is adding or losing market share.
HLIT is keeping pace with its peers on the basis of sales growth.