LightPath Technologies IncFind Ratings Reports
LIGHTPATH TECHNOLOGIES INC's gross profit margin for the second quarter of its fiscal year 2017 is essentially unchanged when compared to the same period a year ago. The company grew its sales and net income significantly quarter versus same quarter a year prior, and was able to outpace the average competitor in the industry when comparing revenue growth, but not when comparing net income growth. LIGHTPATH TECHNOLOGIES INC is extremely liquid. Currently, the Quick Ratio is 2.31 which clearly shows the ability to cover any short-term cash needs. The company's liquidity has decreased from the same period last year.
At the same time, stockholders' equity ("net worth") has greatly increased by 151.01% 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||Q2 FY17||Q2 FY16|
|Net Sales ($mil)||5.87||4.24|
|Net Income ($mil)||1.1||-0.54|
|Balance Sheet||Q2 FY17||Q2 FY16|
|Cash & Equiv. ($mil)||5.68||2.5|
|Total Assets ($mil)||38.81||13.67|
|Total Debt ($mil)||11.87||0.41|
|Profitability||Q2 FY17||Q2 FY16|
|Gross Profit Margin||60.73||60.63|
|Return on Assets||6.04||0.21|
|Return on Equity||10.76||0.34|
|Debt||Q2 FY17||Q2 FY16|
|Share Data||Q2 FY17||Q2 FY16|
|Shares outstanding (mil)||23.73||15.27|
|Div / share||0.0||0.0|
|Book value / share||0.92||0.57|
|Institutional Own %||n/a||n/a|
|Avg Daily Volume||311137.0||139354.0|
BUY. The current P/E ratio indicates a significant discount compared to an average of 28.77 for the Electronic Equipment, Instruments & Components industry and a discount compared to the S&P 500 average of 26.33. For additional comparison, its price-to-book ratio of 2.49 indicates a discount versus the S&P 500 average of 2.93 and a discount versus the industry average of 3.13. The current price-to-sales ratio is well above the S&P 500 average and above the industry average, indicating a premium. Upon assessment of these and other key valuation criteria, LIGHTPATH TECHNOLOGIES INC proves to trade at a discount to investment alternatives within the industry.
|LPTH 17.62||Peers 28.77||LPTH 24.27||Peers 17.29|
Discount. A lower P/E ratio than its peers can signify a less expensive stock or lower growth expectations.
LPTH is trading at a significant discount 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 significant premium to its peers.
|LPTH 13.88||Peers 19.90||LPTH 0.35||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.
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 2.49||Peers 3.13||LPTH NA||Peers 22.60|
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.
Neutral. Higher earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios.
The growth rate for LPTH is not available.
|LPTH 2.76||Peers 2.55||LPTH 22.20||Peers 4.97|
Average. 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 valuation on par with 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.