International Speedway Corp

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ISCA : NASDAQ : Services
$34.50 | %
Today's Range: 34.40 - 34.90
Avg. Daily Volume: 129,700
07/22/16 - 4:00 PM ET

Financial Analysis


INTL SPEEDWAY CORP's gross profit margin for the second quarter of its fiscal year 2016 is essentially unchanged when compared to the same period a year ago. The company has grown its sales and net income during the past quarter when compared with the same quarter a year ago, and although its growth in net income has outpaced the industry average, its revenue growth has not. INTL SPEEDWAY CORP is extremely liquid. Currently, the Quick Ratio is 2.06 which clearly shows the ability to cover any short-term cash needs. The company managed to increase its liquidity from the same period a year ago, despite already having strong liquidity to begin with. This would indicate improved cash flow.

At the same time, stockholders' equity ("net worth") has remained virtually unchanged only increasing by 2.08% 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 Q2 FY16 Q2 FY15
Net Sales ($mil)165.66164.01
EBITDA ($mil)47.7848.66
EBIT ($mil)21.7926.0
Net Income ($mil)21.913.36


Balance Sheet Q2 FY16 Q2 FY15
Cash & Equiv. ($mil)303.98183.46
Total Assets ($mil)2222.722155.74
Total Debt ($mil)265.62271.22
Equity ($mil)1391.461363.07


Profitability Q2 FY16 Q2 FY15
Gross Profit Margin45.6146.37
EBITDA Margin28.8329.66
Operating Margin13.1515.85
Sales Turnover0.290.29
Return on Assets3.152.51
Return on Equity5.033.98
Debt Q2 FY16 Q2 FY15
Current Ratio2.182.05
Debt/Capital0.160.17
Interest Expense4.024.09
Interest Coverage5.416.36


Share Data Q2 FY16 Q2 FY15
Shares outstanding (mil)45.5846.28
Div / share0.410.26
EPS0.470.29
Book value / share30.5329.45
Institutional Own % n/a n/a
Avg Daily Volume129737.0174570.0

Valuation


BUY. This stock's P/E ratio indicates a discount compared to an average of 28.27 for the Hotels, Restaurants & Leisure industry and a discount compared to the S&P 500 average of 25.05. For additional comparison, its price-to-book ratio of 1.14 indicates a significant discount versus the S&P 500 average of 2.81 and a significant discount versus the industry average of 11.48. The price-to-sales ratio is well above the S&P 500 average, but well below the industry average. Upon assessment of these and other key valuation criteria, INTL SPEEDWAY CORP proves to trade at a discount 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
ISCA 23.01 Peers 28.27   ISCA 6.67 Peers 13.95

Discount. A lower P/E ratio than its peers can signify a less expensive stock or lower growth expectations.

ISCA is trading at a discount to its peers.

 

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.

ISCA is trading at a significant discount to its peers.

 
Price/Projected
Earnings
1 2 3 4 5
premium   discount
  Price to
Earnings/Growth
1 2 3 4 5
premium   discount
ISCA 20.44 Peers 24.99   ISCA 0.96 Peers 2.68

Average. An average price-to-projected earnings ratio can signify an industry neutral stock price and average future growth expectations.

ISCA is trading at a valuation on par with its peers.

 

Discount. 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.

ISCA trades at a significant discount to its peers.

 
Price/Book
1 2 3 4 5
premium   discount
  Earnings Growth
1 2 3 4 5
lower   higher
ISCA 1.14 Peers 11.48   ISCA 30.17 Peers 18.32

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.

ISCA is trading at a significant discount to its peers.

 

Higher. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios.

ISCA is expected to have an earnings growth rate that significantly exceeds its peers.

 
Price/Sales
1 2 3 4 5
premium   discount
  Sales Growth
1 2 3 4 5
premium   discount
ISCA 2.42 Peers 2.92   ISCA 3.60 Peers 8.46

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.

ISCA is trading at a discount to its industry on this measurement.

 

Lower. A sales growth rate that trails the industry implies that a company is losing market share.

ISCA significantly trails its peers on the basis of sales growth

 

 

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