Loop Industries Inc.
Find Ratings ReportsLOOP INDUSTRIES INC's gross profit margin for the third quarter of its fiscal year 2023 has significantly increased when compared to the same period a year ago. Even though sales increased, the net income has decreased, representing a decrease to the bottom line. LOOP INDUSTRIES INC is extremely liquid. Currently, the Quick Ratio is 3.52 which clearly shows the ability to cover any short-term cash needs. LOOP 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 significantly decreased by 33.40% 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 FY23 | Q3 FY22 |
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Net Sales ($mil) | 0.03 | 0.03 |
EBITDA ($mil) | -4.27 | -8.03 |
EBIT ($mil) | -4.4 | -8.16 |
Net Income ($mil) | -4.24 | -1.01 |
Balance Sheet | Q3 FY23 | Q3 FY22 |
---|---|---|
Cash & Equiv. ($mil) | 10.37 | 25.63 |
Total Assets ($mil) | 24.78 | 39.64 |
Total Debt ($mil) | 3.32 | 3.29 |
Equity ($mil) | 18.9 | 28.38 |
Profitability | Q3 FY23 | Q3 FY22 |
---|---|---|
Gross Profit Margin | -15796.3 | -32112.0 |
EBITDA Margin | -15796.29 | -32112.0 |
Operating Margin | -16285.19 | -32648.0 |
Sales Turnover | 0.0 | 0.0 |
Return on Assets | -42.66 | -103.42 |
Return on Equity | -55.93 | -144.44 |
Debt | Q3 FY23 | Q3 FY22 |
---|---|---|
Current Ratio | 6.74 | 4.43 |
Debt/Capital | 0.15 | 0.1 |
Interest Expense | 0.04 | 0.05 |
Interest Coverage | -104.69 | -151.15 |
Share Data | Q3 FY23 | Q3 FY22 |
---|---|---|
Shares outstanding (mil) | 47.53 | 47.44 |
Div / share | 0.0 | 0.0 |
EPS | -0.09 | -0.02 |
Book value / share | 0.4 | 0.6 |
Institutional Own % | n/a | n/a |
Avg Daily Volume | 24273.0 | 36325.0 |
SELL. 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 6.89 indicates a significant premium versus the S&P 500 average of 4.68 and a significant discount versus the subsector average of 19.07. The price-to-sales ratio is well above both the S&P 500 average and the subsector average, indicating a premium. The valuation analysis reveals that, LOOP INDUSTRIES INC seems to be trading at a premium to investment alternatives.
Price/Earnings |
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Price/Cash Flow |
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LOOP NM | Peers 85.83 | LOOP NM | Peers 38.76 | |||||||||||||||||||||
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. LOOP's P/E is negative making this valuation measure meaningless. |
Neutral. 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. LOOP's P/CF is negative making the measure meaningless. |
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Price/Projected Earnings |
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Price to Earnings/Growth |
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LOOP NM | Peers 18.08 | LOOP NA | Peers 1.16 | |||||||||||||||||||||
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. LOOP'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. |
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Price/Book |
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Earnings Growth |
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LOOP 6.89 | Peers 19.07 | LOOP 73.26 | Peers 12.58 | |||||||||||||||||||||
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. LOOP 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. LOOP is expected to have an earnings growth rate that significantly exceeds its peers. |
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Price/Sales |
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Sales Growth |
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LOOP 1085.25 | Peers 84.44 | LOOP -24.38 | Peers 42.35 | |||||||||||||||||||||
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. LOOP is trading at a significant premium to its subsector. |
Lower. A sales growth rate that trails the subsector implies that a company is losing market share. LOOP significantly trails its peers on the basis of sales growth. |
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