LightPath Technologies Inc

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LPTH : NASDAQ : Industrial Goods
$1.83 | %
Today's Range: 1.8 - 1.84
Avg. Daily Volume: 188100.0
01/20/17 - 4:00 PM ET

Financial Analysis


LIGHTPATH TECHNOLOGIES INC's gross profit margin for the first quarter of its fiscal year 2017 has 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. LIGHTPATH TECHNOLOGIES INC has strong liquidity. Currently, the Quick Ratio is 1.97 which shows the ability to cover short-term cash needs. The company's liquidity has decreased from the same period last year, indicating deteriorating cash flow.

At the same time, stockholders' equity ("net worth") has greatly increased by 27.09% from the same quarter last year. The key liquidity measurements indicate that the company is unlikely to face financial difficulties in the near future.

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Income Statement Q1 FY17 Q1 FY16
Net Sales ($mil)5.04.19
EBITDA ($mil)0.640.85
EBIT ($mil)0.390.67
Net Income ($mil)0.140.84


Balance Sheet Q1 FY17 Q1 FY16
Cash & Equiv. ($mil)3.592.35
Total Assets ($mil)16.2113.26
Total Debt ($mil)0.310.45
Equity ($mil)11.368.94


Profitability Q1 FY17 Q1 FY16
Gross Profit Margin61.6658.07
EBITDA Margin12.820.19
Operating Margin7.8215.87
Sales Turnover1.121.15
Return on Assets4.395.33
Return on Equity6.267.91
Debt Q1 FY17 Q1 FY16
Current Ratio3.253.34
Debt/Capital0.030.05
Interest Expense0.010.01
Interest Coverage55.8651.15


Share Data Q1 FY17 Q1 FY16
Shares outstanding (mil)15.6515.24
Div / share0.00.0
EPS0.010.05
Book value / share0.730.59
Institutional Own % n/a n/a
Avg Daily Volume175039.0123838.0

Valuation


HOLD. LIGHTPATH TECHNOLOGIES INC's P/E ratio indicates a significant premium compared to an average of 28.31 for the Electronic Equipment, Instruments & Components industry and a significant premium compared to the S&P 500 average of 25.49. For additional comparison, its price-to-book ratio of 2.48 indicates a discount versus the S&P 500 average of 2.84 and a discount versus the industry average of 2.88. The price-to-sales ratio is below the S&P 500 average and is well below the industry average, indicating a discount.


Price/Earnings
1 2 3 4 5
premium   discount
  Price/Cash Flow
1 2 3 4 5
premium   discount
LPTH 60.00 Peers 28.31   LPTH 19.26 Peers 16.23

Premium. A higher P/E ratio than its peers can signify a more expensive stock or higher growth expectations.

LPTH is trading at a significant premium to its peers.

 

Premium. 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.

LPTH is trading at a premium to its peers.

 
Price/Projected
Earnings
1 2 3 4 5
premium   discount
  Price to
Earnings/Growth
1 2 3 4 5
premium   discount
LPTH 11.25 Peers 20.79   LPTH 4.80 Peers 1.12

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

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

 

Premium. 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.

LPTH trades at a significant premium to its peers.

 
Price/Book
1 2 3 4 5
premium   discount
  Earnings Growth
1 2 3 4 5
lower   higher
LPTH 2.48 Peers 2.88   LPTH -40.00 Peers 7.99

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.

LPTH is trading at a discount to its peers.

 

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

However, LPTH 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
LPTH 1.56 Peers 2.23   LPTH 18.57 Peers 4.30

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.

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

 

Higher. A sales growth rate that exceeds the industry implies that a company is gaining market share.

LPTH has a sales growth rate that significantly exceeds its peers.

 

 

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