KLA-Tencor CorpFind Ratings Reports
KLA-TENCOR CORP's gross profit margin for the fourth quarter of its fiscal year 2016 has increased 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. KLA-TENCOR CORP is extremely liquid. Currently, the Quick Ratio is 3.12 which clearly shows the ability to cover any short-term cash needs. KLAC 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.
At the same time, stockholders' equity ("net worth") has greatly increased by 63.51% 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||Q4 FY16||Q4 FY15|
|Net Sales ($mil)||919.17||756.33|
|Net Income ($mil)||271.54||142.02|
|Balance Sheet||Q4 FY16||Q4 FY15|
|Cash & Equiv. ($mil)||2491.29||2387.11|
|Total Assets ($mil)||4962.43||4826.01|
|Total Debt ($mil)||3057.94||3190.42|
|Profitability||Q4 FY16||Q4 FY15|
|Gross Profit Margin||64.93||60.88|
|Return on Assets||14.19||7.58|
|Return on Equity||102.22||86.88|
|Debt||Q4 FY16||Q4 FY15|
|Share Data||Q4 FY16||Q4 FY15|
|Shares outstanding (mil)||156.0||157.85|
|Div / share||0.52||0.5|
|Book value / share||4.42||2.67|
|Institutional Own %||n/a||n/a|
|Avg Daily Volume||1826115.0||1015313.0|
BUY. The current P/E ratio indicates a significant discount compared to an average of 26.55 for the Semiconductors & Semiconductor Equipment industry and a discount compared to the S&P 500 average of 24.54. For additional comparison, its price-to-book ratio of 16.15 indicates a significant premium versus the S&P 500 average of 2.72 and a significant premium versus the industry average of 4.06. The price-to-sales ratio is well above the S&P 500 average, but well below the industry average. The valuation analysis reveals that, KLA-TENCOR CORP seems to be trading at a discount to investment alternatives within the industry.
|KLAC 15.89||Peers 26.55||KLAC 14.65||Peers 16.01|
Discount. A lower P/E ratio than its peers can signify a less expensive stock or lower growth expectations.
KLAC is trading at a significant discount to its peers.
Average. 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.
KLAC is trading at a valuation on par to its peers.
|KLAC 12.83||Peers 18.41||KLAC 1.23||Peers 2.42|
Discount. A lower price-to-projected earnings ratio than its peers can signify a less expensive stock or lower future growth expectations.
KLAC is trading at a discount to 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.
KLAC trades at a significant discount to its peers.
|KLAC 16.15||Peers 4.06||KLAC 99.55||Peers 0.72|
Premium. A higher price-to-book ratio makes a stock less attractive to investors seeking stocks with lower market values per dollar of equity on the balance sheet.
KLAC is trading at a significant premium to its peers.
Higher. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios.
KLAC is expected to have an earnings growth rate that significantly exceeds its peers.
|KLAC 3.73||Peers 4.57||KLAC 6.05||Peers 5.06|
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.
KLAC is trading at a discount to its industry on this measurement.
Higher. A sales growth rate that exceeds the industry implies that a company is gaining market share.
KLAC has a sales growth rate that exceeds its peers.