International Speedway Corporation

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ISCA : NASDAQ :
$35.65 | %
Today's Range: 0.0 - 0.0
Avg. Daily Volume: 0
05/24/17 - 4:00 PM ET

Financial Analysis


INTL SPEEDWAY CORP's gross profit margin for the first quarter of its fiscal year 2017 is essentially unchanged when compared to the same period a year ago. The company managed to grow both sales and net income at a faster pace than the average competitor in its industry this quarter as compared to the same quarter a year ago. INTL SPEEDWAY CORP is extremely liquid. Currently, the Quick Ratio is 2.40 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 remained unchanged 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 FY17 Q1 FY16
Net Sales ($mil)147.95142.63
EBITDA ($mil)60.5157.92
EBIT ($mil)34.6532.87
Net Income ($mil)21.2719.83


Balance Sheet Q1 FY17 Q1 FY16
Cash & Equiv. ($mil)278.66190.09
Total Assets ($mil)2253.152237.96
Total Debt ($mil)262.7265.73
Equity ($mil)1419.531407.74


Profitability Q1 FY17 Q1 FY16
Gross Profit Margin58.7358.49
EBITDA Margin40.8940.6
Operating Margin23.4223.05
Sales Turnover0.290.29
Return on Assets3.452.74
Return on Equity5.474.36
Debt Q1 FY17 Q1 FY16
Current Ratio2.522.16
Debt/Capital0.160.16
Interest Expense3.954.01
Interest Coverage8.788.19


Share Data Q1 FY17 Q1 FY16
Shares outstanding (mil)44.6146.11
Div / share0.00.0
EPS0.470.43
Book value / share31.8230.53
Institutional Own % n/a n/a
Avg Daily Volume134775.0144632.0

Valuation


BUY. The current P/E ratio indicates a significant discount compared to an average of 35.64 for the Hotels, Restaurants & Leisure industry and a discount compared to the S&P 500 average of 25.02. For additional comparison, its price-to-book ratio of 1.11 indicates a significant discount versus the S&P 500 average of 3.00 and a significant discount versus the industry average of 11.22. The price-to-sales ratio is 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 20.64 Peers 35.64   ISCA 7.97 Peers 20.48

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

ISCA is trading at a significant 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 20.76 Peers 25.23   ISCA NM Peers 1.60

Discount. A lower price-to-projected earnings ratio than its peers can signify a less expensive stock or lower future growth expectations.

ISCA is trading at a discount 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.

ISCA'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
ISCA 1.11 Peers 11.22   ISCA 28.57 Peers 121.72

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.

 

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

However, ISCA 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
ISCA 2.37 Peers 3.30   ISCA 1.99 Peers 4.21

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 significant 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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