Illumina Inc.
Find Ratings ReportsILLUMINA INC's gross profit margin for the fourth quarter of its fiscal year 2023 is essentially unchanged when compared to the same period a year ago. Even though sales increased, the net income has decreased, representing a decrease to the bottom line. ILLUMINA INC has average liquidity. Currently, the Quick Ratio is 1.15 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 decreased by 12.94% 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 | Q4 FY23 | Q4 FY22 |
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Net Sales ($mil) | 1122.0 | 1083.0 |
EBITDA ($mil) | 110.0 | 87.0 |
EBIT ($mil) | 1.0 | -19.0 |
Net Income ($mil) | -175.0 | -139.0 |
Balance Sheet | Q4 FY23 | Q4 FY22 |
---|---|---|
Cash & Equiv. ($mil) | 1054.0 | 2037.0 |
Total Assets ($mil) | 10111.0 | 12252.0 |
Total Debt ($mil) | 2262.0 | 3555.0 |
Equity ($mil) | 5745.0 | 6599.0 |
Profitability | Q4 FY23 | Q4 FY22 |
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Gross Profit Margin | 69.96 | 71.84 |
EBITDA Margin | 9.8 | 8.03 |
Operating Margin | 0.09 | -1.75 |
Sales Turnover | 0.45 | 0.37 |
Return on Assets | -11.48 | -35.94 |
Return on Equity | -20.21 | -66.74 |
Debt | Q4 FY23 | Q4 FY22 |
---|---|---|
Current Ratio | 1.66 | 1.28 |
Debt/Capital | 0.28 | 0.35 |
Interest Expense | 18.0 | 9.0 |
Interest Coverage | 0.06 | -2.11 |
Share Data | Q4 FY23 | Q4 FY22 |
---|---|---|
Shares outstanding (mil) | 159.0 | 158.0 |
Div / share | 0.0 | 0.0 |
EPS | -1.11 | -0.89 |
Book value / share | 36.13 | 41.77 |
Institutional Own % | n/a | n/a |
Avg Daily Volume | 1896214.0 | 2534207.0 |
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 3.55 indicates a discount versus the S&P 500 average of 4.68 and a significant discount versus the subsector average of 23.59. 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, ILLUMINA INC proves to trade at a discount to investment alternatives.
Price/Earnings |
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Price/Cash Flow |
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ILMN NM | Peers 53.34 | ILMN 42.61 | Peers 44.47 | |||||||||||||||||||||
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. ILMN's P/E is negative making this valuation measure meaningless. |
Average. 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. ILMN is trading at a valuation on par to its peers. |
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Price/Projected Earnings |
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Price to Earnings/Growth |
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ILMN 54.51 | Peers 26.06 | ILMN NA | Peers 1.95 | |||||||||||||||||||||
Premium. A higher price-to-projected earnings ratio than its peers can signify a more expensive stock or higher future growth expectations. ILMN 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. |
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Price/Book |
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Earnings Growth |
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ILMN 3.55 | Peers 23.59 | ILMN 73.79 | Peers 123.02 | |||||||||||||||||||||
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. ILMN 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, ILMN is expected to significantly trail its peers on the basis of its earnings growth rate. |
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Price/Sales |
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Sales Growth |
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ILMN 4.52 | Peers 14.13 | ILMN -1.75 | Peers 27.20 | |||||||||||||||||||||
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. ILMN 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. ILMN significantly trails its peers on the basis of sales growth. |
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