Immersion Corp

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IMMR : NASDAQ : Technology
$7.59 up 0.03 | 0.40%
Today's Range: 7.42 - 7.66
Avg. Daily Volume: 328,200
07/28/16 - 4:00 PM ET

Financial Analysis


IMMERSION CORP's gross profit margin for the first quarter of its fiscal year 2016 has significantly decreased when compared to the same period a year ago. Sales and net income have dropped, although the growth in revenues underperformed the average competitor within the industry, the net income growth did not. IMMERSION CORP is extremely liquid. Currently, the Quick Ratio is 4.24 which clearly shows the ability to cover any short-term cash needs. The company's liquidity has increased from the same period last year.

During the same period, stockholders' equity ("net worth") has increased by 12.06% 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 Q1 FY16 Q1 FY15
Net Sales ($mil)13.6216.29
EBITDA ($mil)-4.380.26
EBIT ($mil)-4.61-0.07
Net Income ($mil)-2.7-0.06


Balance Sheet Q1 FY16 Q1 FY15
Cash & Equiv. ($mil)60.8178.34
Total Assets ($mil)105.45118.63
Total Debt ($mil)0.00.0
Equity ($mil)88.0278.54


Profitability Q1 FY16 Q1 FY15
Gross Profit Margin-32.161.57
EBITDA Margin-32.151.57
Operating Margin-33.83-0.43
Sales Turnover0.580.45
Return on Assets0.211.85
Return on Equity0.252.8
Debt Q1 FY16 Q1 FY15
Current Ratio4.412.72
Debt/Capital0.00.0
Interest Expense0.00.0
Interest Coverage0.00.0


Share Data Q1 FY16 Q1 FY15
Shares outstanding (mil)28.8228.01
Div / share0.00.0
EPS-0.090.0
Book value / share3.052.8
Institutional Own % n/a n/a
Avg Daily Volume320377.0258253.0

Valuation


HOLD. IMMERSION CORP's P/E ratio indicates a significant premium compared to an average of 12.73 for the Computers & Peripherals industry and a significant premium compared to the S&P 500 average of 25.05. For additional comparison, its price-to-book ratio of 2.49 indicates a discount versus the S&P 500 average of 2.81 and a discount versus the industry average of 3.74. The price-to-sales ratio is well above both the S&P 500 average and the industry average, indicating a premium. The valuation analysis reveals that, IMMERSION CORP seems to be trading at a premium to investment alternatives within the industry.


Price/Earnings
1 2 3 4 5
premium   discount
  Price/Cash Flow
1 2 3 4 5
premium   discount
IMMR 761.00 Peers 12.73   IMMR NM Peers 10.20

Premium. A higher P/E ratio than its peers can signify a more expensive stock or higher growth expectations.

IMMR is trading at a significant premium to its peers.

 

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.

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

 
Price/Projected
Earnings
1 2 3 4 5
premium   discount
  Price to
Earnings/Growth
1 2 3 4 5
premium   discount
IMMR 36.24 Peers 12.78   IMMR NM Peers 0.41

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.

IMMR'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.

IMMR's negative PEG ratio makes this valuation measure meaningless.

 
Price/Book
1 2 3 4 5
premium   discount
  Earnings Growth
1 2 3 4 5
lower   higher
IMMR 2.49 Peers 3.74   IMMR -88.89 Peers -21.11

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.

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

 
Price/Sales
1 2 3 4 5
premium   discount
  Sales Growth
1 2 3 4 5
premium   discount
IMMR 3.61 Peers 2.09   IMMR 12.90 Peers 4.43

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.

IMMR is trading at a significant premium to its industry.

 

Higher. A sales growth rate that exceeds the industry implies that a company is gaining market share.

IMMR has a sales growth rate that significantly exceeds its peers.

 

 

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