Ideanomics, Inc.Find Ratings Reports
IDEANOMICS INC's gross profit margin for the third quarter of its fiscal year 2020 has significantly decreased 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. IDEANOMICS INC has average liquidity. Currently, the Quick Ratio is 1.14 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.
At the same time, stockholders' equity ("net worth") has significantly decreased by 41.55% 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||Q3 FY20||Q3 FY19|
|Net Sales ($mil)||10.62||3.1|
|Net Income ($mil)||-8.28||-13.71|
|Balance Sheet||Q3 FY20||Q3 FY19|
|Cash & Equiv. ($mil)||27.61||1.69|
|Total Assets ($mil)||138.46||164.76|
|Total Debt ($mil)||20.12||27.16|
|Profitability||Q3 FY20||Q3 FY19|
|Gross Profit Margin||6.73||92.14|
|Return on Assets||-112.82||2.0|
|Return on Equity||-228.24||2.83|
|Debt||Q3 FY20||Q3 FY19|
|Share Data||Q3 FY20||Q3 FY19|
|Shares outstanding (mil)||238.87||132.7|
|Div / share||0.0||0.0|
|Book value / share||0.29||0.88|
|Institutional Own %||n/a||n/a|
|Avg Daily Volume||4.4935628E7||8540407.0|
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. To use another comparison, its price-to-book ratio of 11.10 indicates a significant premium versus the S&P 500 average of 4.08 and a significant discount versus the subsector average of 41.33. The price-to-sales ratio is well above both the S&P 500 average and the subsector average, indicating a premium. The valuation analysis reveals that, IDEANOMICS INC seems to be trading at a premium to investment alternatives.
|IDEX NM||Peers 74.20||IDEX NM||Peers 254.99|
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.
IDEX'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.
IDEX's P/CF is negative making the measure meaningless.
|IDEX NA||Peers 96.09||IDEX NA||Peers 2.98|
Neutral. A lower price-to-projected earnings ratio than its peers can signify a less expensive stock or lower future growth potential.
Ratio not available.
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.
|IDEX 11.10||Peers 41.33||IDEX -3633.33||Peers 130.80|
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.
IDEX 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, IDEX is expected to significantly trail its peers on the basis of its earnings growth rate.
|IDEX 48.23||Peers 16.27||IDEX -73.58||Peers 31.48|
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.
IDEX is trading at a significant premium to its subsector.
Lower. A sales growth rate that trails the subsector implies that a company is losing market share.
IDEX significantly trails its peers on the basis of sales growth.