Nanometrics Inc

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NANO : NASDAQ : Technology
$27.64 -0.05 | -0.18%
Today's Range: 27.39 - 27.66
Avg. Daily Volume: 250300.0
07/25/17 - 9:56 AM ET

Financial Analysis


NANOMETRICS INC's gross profit margin for the first quarter of its fiscal year 2017 has decreased when compared to the same period a year ago. Sales and net income have grown, and although the growth in revenues has outpaced the average competitor within the industry, the net income growth has not. NANOMETRICS INC is extremely liquid. Currently, the Quick Ratio is 3.80 which clearly shows the ability to cover any short-term cash needs. NANO managed to increase the liquidity from the same period a year ago, despite already having very strong liquidity to begin with. This would indicate improved cash flow.

At the same time, stockholders' equity ("net worth") has greatly increased by 31.05% 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 Q1 FY17 Q1 FY16
Net Sales ($mil)59.3147.49
EBITDA ($mil)7.655.91
EBIT ($mil)5.793.73
Net Income ($mil)5.353.47


Balance Sheet Q1 FY17 Q1 FY16
Cash & Equiv. ($mil)132.183.35
Total Assets ($mil)303.54243.72
Total Debt ($mil)0.00.0
Equity ($mil)253.91193.75


Profitability Q1 FY17 Q1 FY16
Gross Profit Margin51.3256.1
EBITDA Margin12.8912.43
Operating Margin9.767.85
Sales Turnover0.770.76
Return on Assets15.121.56
Return on Equity18.081.96
Debt Q1 FY17 Q1 FY16
Current Ratio4.873.96
Debt/Capital0.00.0
Interest Expense0.040.12
Interest Coverage144.831.88


Share Data Q1 FY17 Q1 FY16
Shares outstanding (mil)25.2324.37
Div / share0.00.0
EPS0.210.14
Book value / share10.067.95
Institutional Own % n/a n/a
Avg Daily Volume250271.0231834.0

Valuation


BUY. The current P/E ratio indicates a significant discount compared to an average of 27.42 for the Semiconductors & Semiconductor Equipment industry and a discount compared to the S&P 500 average of 24.66. To use another comparison, its price-to-book ratio of 2.76 indicates a discount versus the S&P 500 average of 3.07 and a significant discount versus the industry average of 5.54. The price-to-sales ratio is well above the S&P 500 average, but well below the industry average. Upon assessment of these and other key valuation criteria, NANOMETRICS INC proves to trade at a discount to investment alternatives within the industry.


Price/Earnings
1 2 3 4 5
premium   discount
  Price/Cash Flow
1 2 3 4 5
premium   discount
NANO 15.42 Peers 27.42   NANO 14.43 Peers 22.33

Discount. A lower P/E ratio than its peers can signify a less expensive stock or lower growth expectations.

NANO is trading at a significant discount to its peers.

 

Discount. 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.

NANO is trading at a significant discount to its peers.

 
Price/Projected
Earnings
1 2 3 4 5
premium   discount
  Price to
Earnings/Growth
1 2 3 4 5
premium   discount
NANO 17.24 Peers 22.96   NANO NM Peers 1.33

Average. An average price-to-projected earnings ratio can signify an industry neutral stock price and average future growth expectations.

NANO is trading at a valuation on par with 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.

NANO's negative PEG ratio makes this valuation measure meaningless.

 
Price/Book
1 2 3 4 5
premium   discount
  Earnings Growth
1 2 3 4 5
lower   higher
NANO 2.76 Peers 5.54   NANO 1025.00 Peers 35.24

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.

NANO is trading at a significant discount to its peers.

 

Higher. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios.

NANO is expected to have an earnings growth rate that significantly exceeds its peers.

 
Price/Sales
1 2 3 4 5
premium   discount
  Sales Growth
1 2 3 4 5
premium   discount
NANO 3.01 Peers 5.35   NANO 26.27 Peers 26.09

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.

NANO is trading at a significant discount to its industry on this measurement.

 

Average. Comparing a company's sales growth to its industry helps to determine if the company is adding or losing market share.

NANO is keeping pace with its peers on the basis of sales growth.

 

 

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