MicroVision, Inc.Find Ratings Reports
MICROVISION INC's gross profit margin for the third quarter of its fiscal year 2021 has significantly 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. MICROVISION INC is extremely liquid. Currently, the Quick Ratio is 10.99 which clearly shows the ability to cover any 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 greatly increased by 3,017.88% 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 FY21||Q3 FY20|
|Net Sales ($mil)||0.72||0.64|
|Net Income ($mil)||-9.38||-2.83|
|Balance Sheet||Q3 FY21||Q3 FY20|
|Cash & Equiv. ($mil)||125.14||5.03|
|Total Assets ($mil)||134.07||8.96|
|Total Debt ($mil)||1.73||3.19|
|Profitability||Q3 FY21||Q3 FY20|
|Gross Profit Margin||-1350.14||-403.76|
|Return on Assets||-25.46||-148.95|
|Return on Equity||-27.91||0.0|
|Debt||Q3 FY21||Q3 FY20|
|Share Data||Q3 FY21||Q3 FY20|
|Shares outstanding (mil)||164.1||143.91|
|Div / share||0.0||0.0|
|Book value / share||0.75||-0.03|
|Institutional Own %||n/a||n/a|
|Avg Daily Volume||5097262.0||4547771.0|
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. Conducting a second comparison, its price-to-book ratio of 5.19 indicates a premium versus the S&P 500 average of 4.63 and a significant discount versus the subsector average of 23.90. The price-to-sales ratio is well above both the S&P 500 average and the subsector average, indicating a premium. The valuation analysis reveals that, MICROVISION INC seems to be trading at a premium to investment alternatives.
|MVIS NM||Peers 38.26||MVIS NM||Peers 30.90|
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.
MVIS'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.
MVIS's P/CF is negative making the measure meaningless.
|MVIS NM||Peers 31.95||MVIS NA||Peers 5.43|
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.
MVIS'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.
|MVIS 5.19||Peers 23.90||MVIS -90.90||Peers 101.91|
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.
MVIS is trading at a significant discount to its peers.
Lower. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios.
However, MVIS is expected to significantly trail its peers on the basis of its earnings growth rate.
|MVIS 271.40||Peers 9.79||MVIS -67.98||Peers 30.83|
Premium. 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.
MVIS is trading at a significant premium to its subsector.
Lower. A sales growth rate that trails the subsector implies that a company is losing market share.
MVIS significantly trails its peers on the basis of sales growth.