LightPath Technologies Inc

Find Ratings Reports
LPTH : NASDAQ : Industrial Goods
$2.64 -0.03 | -1.12%
Today's Range: 2.6 - 2.7
Avg. Daily Volume: 164300.0
09/19/17 - 4:00 PM ET

Financial Analysis


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, representing a decrease to the bottom line. 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.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. To learn more visit www.TheStreetRatings.com.



Income Statement Q3 FY17 Q3 FY16
Net Sales ($mil)8.494.11
EBITDA ($mil)2.050.47
EBIT ($mil)1.320.25
Net Income ($mil)0.10.78


Balance Sheet Q3 FY17 Q3 FY16
Cash & Equiv. ($mil)6.832.86
Total Assets ($mil)39.7114.61
Total Debt ($mil)11.440.38
Equity ($mil)22.910.49


Profitability Q3 FY17 Q3 FY16
Gross Profit Margin54.6559.41
EBITDA Margin24.0911.33
Operating Margin15.596.01
Sales Turnover0.611.17
Return on Assets4.24.9
Return on Equity7.296.82
Debt Q3 FY17 Q3 FY16
Current Ratio3.463.85
Debt/Capital0.330.04
Interest Expense0.190.01
Interest Coverage6.8630.88


Share Data Q3 FY17 Q3 FY16
Shares outstanding (mil)24.1215.59
Div / share0.00.0
EPS0.00.04
Book value / share0.950.67
Institutional Own % n/a n/a
Avg Daily Volume137507.0439100.0

Valuation


HOLD. LIGHTPATH TECHNOLOGIES INC's P/E ratio indicates a discount compared to an average of 28.78 for the Electronic Equipment, Instruments & Components industry and a value on par with the S&P 500 average of 24.88. For additional comparison, its price-to-book ratio of 2.54 indicates a discount versus the S&P 500 average of 3.10 and a discount versus the industry average of 3.65. 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, LIGHTPATH TECHNOLOGIES INC 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
LPTH 26.78 Peers 28.78   LPTH 17.20 Peers 25.49

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.

 

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.

LPTH 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
LPTH NA Peers 20.94   LPTH 0.23 Peers 1.47

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

LPTH is trading at a significant 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.

LPTH trades at a significant discount to its peers.

 
Price/Book
1 2 3 4 5
premium   discount
  Earnings Growth
1 2 3 4 5
lower   higher
LPTH 2.54 Peers 3.65   LPTH 200.00 Peers 132.43

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 significant 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.

 
Price/Sales
1 2 3 4 5
premium   discount
  Sales Growth
1 2 3 4 5
premium   discount
LPTH 2.41 Peers 3.32   LPTH 41.34 Peers 10.13

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.

 

 

Latest Stock Upgrades/Downgrades