ION Geophysical CorporationFind Ratings Reports
ION GEOPHYSICAL CORP's gross profit margin for the first quarter of its fiscal year 2021 has significantly decreased when compared to the same period a year ago. Sales and net income fell significantly; although net income growth outperformed the average competitor in its subsector, revenue growth did not. ION GEOPHYSICAL CORP has very weak liquidity. Currently, the Quick Ratio is 0.45 which clearly shows a lack of ability to cover short-term cash needs. The company's liquidity has decreased from the same period last year.
At the same time, stockholders' equity ("net worth") has significantly decreased by 72.51% from the same quarter last year. The key liquidity measurements indicate that the company is in a position in which financial difficulties could develop in the near future.
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|Income Statement||Q1 FY21||Q1 FY20|
|Net Sales ($mil)||14.04||56.41|
|Net Income ($mil)||-7.16||-2.26|
|Balance Sheet||Q1 FY21||Q1 FY20|
|Cash & Equiv. ($mil)||36.56||42.66|
|Total Assets ($mil)||189.65||259.39|
|Total Debt ($mil)||186.7||198.35|
|Profitability||Q1 FY21||Q1 FY20|
|Gross Profit Margin||36.36||68.02|
|Return on Assets||-22.21||-11.21|
|Return on Equity||0.0||0.0|
|Debt||Q1 FY21||Q1 FY20|
|Share Data||Q1 FY21||Q1 FY20|
|Shares outstanding (mil)||17.34||14.24|
|Div / share||0.0||0.0|
|Book value / share||-4.0||-2.83|
|Institutional Own %||n/a||n/a|
|Avg Daily Volume||820104.0||1734070.0|
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. Along with this, the price-to-book ratio is also meaningless due to a negative book value for the company, making any comparisons useless. The price-to-sales ratio is well below both the S&P 500 average and the subsector average, indicating a discount.
|IO NM||Peers 100.02||IO 1.64||Peers 12.32|
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.
IO'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.
IO is trading at a significant discount to its peers.
|IO NM||Peers 27.71||IO NA||Peers 8.65|
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.
IO'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.
|IO NM||Peers 2.35||IO -41.95||Peers 64.96|
Neutral. 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.
IO's P/B is negative making this valuation measure meaningless.
Lower. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios.
However, IO is expected to significantly trail its peers on the basis of its earnings growth rate.
|IO 0.31||Peers 1.78||IO -58.64||Peers -25.11|
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.
IO 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.
IO significantly trails its peers on the basis of sales growth.