MannKind CorpFind Ratings Reports
MANNKIND CORP's gross profit margin for the third quarter of its fiscal year 2016 has significantly increased when compared to the same period a year ago. Even though it increased sales and net income significantly, the company was unable to grow at a faster pace than its industry competitors. MANNKIND CORP has very weak liquidity. Currently, the Quick Ratio is 0.37 which clearly shows a lack of ability to cover short-term cash needs. The company's liquidity has increased from the same period last year.
At the same time, stockholders' equity ("net worth") has significantly decreased by 91.61% from the same quarter last year. The key liquidity measurements indicate that the company is in a position in which financial difficulties could develop in the near future.
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|Income Statement||Q3 FY16||Q3 FY15|
|Net Sales ($mil)||162.35||0.0|
|Net Income ($mil)||126.52||-31.86|
|Balance Sheet||Q3 FY16||Q3 FY15|
|Cash & Equiv. ($mil)||35.53||32.93|
|Total Assets ($mil)||96.13||278.01|
|Total Debt ($mil)||219.25||194.94|
|Profitability||Q3 FY16||Q3 FY15|
|Gross Profit Margin||74.11||0.0|
|Return on Assets||-213.59||-45.99|
|Return on Equity||0.0||0.0|
|Debt||Q3 FY16||Q3 FY15|
|Share Data||Q3 FY16||Q3 FY15|
|Shares outstanding (mil)||478.36||418.26|
|Div / share||0.0||0.0|
|Book value / share||-0.5||-0.3|
|Institutional Own %||n/a||n/a|
|Avg Daily Volume||5030572.0||4314397.0|
SELL. The current P/E ratio is negative, which has no meaningful value in the assessment of premium or discount valuation, it simply displays that the company has negative earnings. Along with this, the price-to-book ratio is also meaningless due to a negative book value for the company, making any comparisons useless. The price-to-sales ratio is below the S&P 500 average and is well below the industry average, indicating a discount.
|MNKD NM||Peers 37.42||MNKD NM||Peers 19.90|
Neutral. The absence of a valid P/E ratio happens when a stock can not be valued on the basis of a negative stream of earnings.
MNKD's P/E is negative making this valuation measure meaningless.
Neutral. 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.
MNKD's P/CF is negative making the measure meaningless.
|MNKD NM||Peers 41.46||MNKD NA||Peers 0.53|
Discount. A lower price-to-projected earnings ratio than its peers can signify a less expensive stock or lower future growth expectations.
MNKD 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.
Ratio not available.
|MNKD NM||Peers 11.06||MNKD -65.62||Peers 125.26|
Neutral. 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.
MNKD's P/B is negative making this valuation measure meaningless.
Lower. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios.
However, MNKD is expected to significantly trail its peers on the basis of its earnings growth rate.
|MNKD 1.59||Peers 146.34||MNKD NA||Peers 626.06|
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.
MNKD is trading at a significant discount to its industry on this measurement.
Neutral. Comparing a company's sales growth to its industry helps to determine if the company is adding or losing market share.
The growth rate for MNKD is not available.