LightPath Technologies IncFind Ratings Reports
LIGHTPATH TECHNOLOGIES INC's gross profit margin for the third quarter of its fiscal year 2016 has increased when compared to the same period a year ago. The company has grown sales and net income significantly, outpacing the average growth rates of competitors within its industry. LIGHTPATH TECHNOLOGIES INC is extremely liquid. Currently, the Quick Ratio is 2.29 which clearly shows the ability to cover any short-term cash needs. The company managed to increase its liquidity from the same period a year ago, despite already having strong liquidity to begin with. This would indicate improved cash flow.
At the same time, stockholders' equity ("net worth") has greatly increased by 26.44% 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 FY16||Q3 FY15|
|Net Sales ($mil)||4.11||3.2|
|Net Income ($mil)||0.78||0.09|
|Balance Sheet||Q3 FY16||Q3 FY15|
|Cash & Equiv. ($mil)||2.86||1.06|
|Total Assets ($mil)||14.61||11.36|
|Total Debt ($mil)||0.38||0.52|
|Profitability||Q3 FY16||Q3 FY15|
|Gross Profit Margin||59.41||53.7|
|Return on Assets||4.9||-2.15|
|Return on Equity||6.82||-2.95|
|Debt||Q3 FY16||Q3 FY15|
|Share Data||Q3 FY16||Q3 FY15|
|Shares outstanding (mil)||15.59||15.24|
|Div / share||0.0||0.0|
|Book value / share||0.67||0.54|
|Institutional Own %||n/a||n/a|
|Avg Daily Volume||122012.0||90253.0|
HOLD. LIGHTPATH TECHNOLOGIES INC's P/E ratio indicates a significant premium compared to an average of 28.88 for the Electronic Equipment, Instruments & Components industry and a significant premium compared to the S&P 500 average of 25.19. To use another comparison, its price-to-book ratio of 2.63 indicates valuation on par with the S&P 500 average of 2.82 and a discount versus the industry average of 2.86. The price-to-sales ratio is below the S&P 500 average and is well below the industry average, indicating a discount.
|LPTH 59.00||Peers 28.88||LPTH 13.79||Peers 15.24|
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.
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 NA||Peers 20.67||LPTH NM||Peers 1.60|
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.
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.
LPTH's negative PEG ratio makes this valuation measure meaningless.
|LPTH 2.63||Peers 2.86||LPTH 400.00||Peers -15.53|
Average. 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 valuation on par with 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 1.62||Peers 2.51||LPTH 38.96||Peers 6.60|
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.