MannKind Corp.Find Ratings Reports
MANNKIND CORP's gross profit margin for the fourth quarter of its fiscal year 2017 has significantly decreased when compared to the same period a year ago. Sales and net income fell significantly, underperforming compared to the average company in its industry. MANNKIND CORP has weak liquidity. Currently, the Quick Ratio is 0.59 which shows a lack of ability to cover short-term cash needs. The company's liquidity has increased from the same period last year.
During the same period, stockholders' equity ("net worth") has decreased by 16.96% from the same quarter last year. Overall, the key liquidity measurements indicate that the company is in a position in which financial difficulties could develop in the future.
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|Income Statement||Q4 FY17||Q4 FY16|
|Net Sales ($mil)||4.53||12.4|
|Net Income ($mil)||-32.78||53.97|
|Balance Sheet||Q4 FY17||Q4 FY16|
|Cash & Equiv. ($mil)||48.76||23.25|
|Total Assets ($mil)||84.58||107.06|
|Total Debt ($mil)||156.82||148.5|
|Profitability||Q4 FY17||Q4 FY16|
|Gross Profit Margin||-592.12||-126.14|
|Return on Assets||-138.73||117.37|
|Return on Equity||0.0||0.0|
|Debt||Q4 FY17||Q4 FY16|
|Share Data||Q4 FY17||Q4 FY16|
|Shares outstanding (mil)||119.05||95.68|
|Div / share||0.0||0.0|
|Book value / share||-1.8||-1.92|
|Institutional Own %||n/a||n/a|
|Avg Daily Volume||2689583.0||3781725.0|
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 well above the S&P 500 average, but well below the industry average.
|MNKD NM||Peers 38.97||MNKD NM||Peers 29.91|
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 16.09||MNKD NA||Peers 0.34|
Neutral. The absence of a valid price-to-projected earnings ratio happens when a stock can not be valued on the basis of a negative expected future earnings.
MNKD's ratio is negative making this valuation measure meaningless.
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 14.28||MNKD -193.33||Peers 1.44|
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 17.93||Peers 61.63||MNKD -93.28||Peers 327.41|
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.
Lower. A sales growth rate that trails the industry implies that a company is losing market share.
MNKD significantly trails its peers on the basis of sales growth