Immersion Corp

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IMMR : NASDAQ : Technology
$10.48 -0.11 | -1.0%
Today's Range: 10.44 - 10.71
Avg. Daily Volume: 367700.0
01/18/17 - 3:39 PM ET

Financial Analysis


IMMERSION CORP's gross profit margin for the third quarter of its fiscal year 2016 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 industry. IMMERSION CORP is extremely liquid. Currently, the Quick Ratio is 5.60 which clearly shows the ability to cover any short-term cash needs. IMMR managed to increase the liquidity from the same period a year ago, despite already having very strong liquidity to begin with. This would indicate improved cash flow.

During the same period, stockholders' equity ("net worth") has increased by 8.63% 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 Q3 FY16 Q3 FY15
Net Sales ($mil)26.3114.31
EBITDA ($mil)10.341.51
EBIT ($mil)10.111.28
Net Income ($mil)7.020.18


Balance Sheet Q3 FY16 Q3 FY15
Cash & Equiv. ($mil)94.9167.16
Total Assets ($mil)137.62108.6
Total Debt ($mil)0.00.0
Equity ($mil)91.6884.4


Profitability Q3 FY16 Q3 FY15
Gross Profit Margin39.3210.54
EBITDA Margin39.3210.54
Operating Margin38.458.96
Sales Turnover0.470.56
Return on Assets-0.062.52
Return on Equity-0.813.24
Debt Q3 FY16 Q3 FY15
Current Ratio5.773.83
Debt/Capital0.00.0
Interest Expense0.00.0
Interest Coverage0.00.0


Share Data Q3 FY16 Q3 FY15
Shares outstanding (mil)28.8228.29
Div / share0.00.0
EPS0.240.01
Book value / share3.182.98
Institutional Own % n/a n/a
Avg Daily Volume362019.0264330.0

Valuation


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 3.22 indicates a premium versus the S&P 500 average of 2.84 and a discount versus the industry average of 4.43. 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 NM Peers 15.13   IMMR 11.72 Peers 9.74

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.

IMMR's P/E is negative making this valuation measure meaningless.

 

Premium. 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 is trading at a premium to its peers.

 
Price/Projected
Earnings
1 2 3 4 5
premium   discount
  Price to
Earnings/Growth
1 2 3 4 5
premium   discount
IMMR NM Peers 13.66   IMMR NA Peers 1.64

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.

Ratio not available.

 
Price/Book
1 2 3 4 5
premium   discount
  Earnings Growth
1 2 3 4 5
lower   higher
IMMR 3.22 Peers 4.43   IMMR -127.27 Peers -9.64

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 4.59 Peers 2.55   IMMR 6.48 Peers 6.80

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.

 

Average. Comparing a company's sales growth to its industry helps to determine if the company is adding or losing market share.

IMMR is keeping pace with its peers on the basis of sales growth.

 

 

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