LightPath Technologies IncFind Ratings Reports
LIGHTPATH TECHNOLOGIES INC's gross profit margin for the third quarter of its fiscal year 2017 has decreased when compared to the same period a year ago. Even though sales increased, the net income has decreased. LIGHTPATH TECHNOLOGIES INC is extremely liquid. Currently, the Quick Ratio is 2.38 which clearly shows the ability to cover any short-term cash needs. LPTH 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 118.39% 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 FY17||Q3 FY16|
|Net Sales ($mil)||8.49||4.11|
|Net Income ($mil)||0.1||0.78|
|Balance Sheet||Q3 FY17||Q3 FY16|
|Cash & Equiv. ($mil)||6.83||2.86|
|Total Assets ($mil)||39.71||14.61|
|Total Debt ($mil)||11.44||0.38|
|Profitability||Q3 FY17||Q3 FY16|
|Gross Profit Margin||54.65||59.41|
|Return on Assets||4.2||4.9|
|Return on Equity||7.29||6.82|
|Debt||Q3 FY17||Q3 FY16|
|Share Data||Q3 FY17||Q3 FY16|
|Shares outstanding (mil)||24.12||15.59|
|Div / share||0.0||0.0|
|Book value / share||0.95||0.67|
|Institutional Own %||n/a||n/a|
|Avg Daily Volume||323905.0||392690.0|
BUY. LIGHTPATH TECHNOLOGIES INC's P/E ratio indicates a premium compared to an average of 27.72 for the Electronic Equipment, Instruments & Components industry and a premium compared to the S&P 500 average of 24.66. To use another comparison, its price-to-book ratio of 2.86 indicates valuation on par with the S&P 500 average of 3.07 and a discount versus the industry average of 3.58. The current price-to-sales ratio is well above the S&P 500 average, but below the industry average.
|LPTH 30.22||Peers 27.72||LPTH 19.41||Peers 17.84|
Average. An average P/E ratio can signify an industry neutral price for a stock and an average growth expectation.
LPTH is trading at a valuation on par with 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.
LPTH is trading at a valuation on par to its peers.
|LPTH 15.54||Peers 21.21||LPTH 1.21||Peers 1.95|
Premium. A higher price-to-projected earnings ratio than its peers can signify a more expensive stock or higher future growth expectations.
LPTH is trading at a significant premium 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.
LPTH trades at a significant discount to its peers.
|LPTH 2.86||Peers 3.58||LPTH 200.00||Peers 147.72|
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.
LPTH is trading at a discount to its peers.
Higher. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios.
LPTH is expected to have an earnings growth rate that significantly exceeds its peers.
|LPTH 2.72||Peers 3.19||LPTH 41.34||Peers 8.21|
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.
LPTH 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.
LPTH has a sales growth rate that significantly exceeds its peers.