Nanometrics Inc

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NANO : NASDAQ : Technology
$21.88 | %
Today's Range: 21.76 - 22.00
Avg. Daily Volume: 178,900
07/22/16 - 4:00 PM ET

Financial Analysis


NANOMETRICS INC's gross profit margin for the first quarter of its fiscal year 2016 has increased when compared to the same period a year ago. Even though sales decreased, the net income has increased, representing an increase to the bottom line. NANOMETRICS INC is extremely liquid. Currently, the Quick Ratio is 2.69 which clearly shows the ability to cover any short-term cash needs. The company's liquidity has decreased from the same period last year.

During the same period, stockholders' equity ("net worth") has increased by 6.54% 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 FY16 Q1 FY15
Net Sales ($mil)47.4950.38
EBITDA ($mil)5.914.62
EBIT ($mil)3.732.3
Net Income ($mil)3.472.56


Balance Sheet Q1 FY16 Q1 FY15
Cash & Equiv. ($mil)83.3577.05
Total Assets ($mil)243.72226.77
Total Debt ($mil)0.00.0
Equity ($mil)193.75181.84


Profitability Q1 FY16 Q1 FY15
Gross Profit Margin56.150.95
EBITDA Margin12.439.17
Operating Margin7.854.56
Sales Turnover0.760.73
Return on Assets1.56-13.29
Return on Equity1.96-16.58
Debt Q1 FY16 Q1 FY15
Current Ratio3.964.15
Debt/Capital0.00.0
Interest Expense0.120.08
Interest Coverage31.8828.04


Share Data Q1 FY16 Q1 FY15
Shares outstanding (mil)24.3723.97
Div / share0.00.0
EPS0.140.11
Book value / share7.957.58
Institutional Own % n/a n/a
Avg Daily Volume177618.078801.0

Valuation


BUY. NANOMETRICS INC's P/E ratio indicates a significant premium compared to an average of 35.97 for the Semiconductors & Semiconductor Equipment industry and a significant premium compared to the S&P 500 average of 25.05. To use another comparison, its price-to-book ratio of 2.75 indicates valuation on par with the S&P 500 average of 2.81 and a discount versus the industry average of 4.20. The price-to-sales ratio is well above the S&P 500 average, but well below the industry average.


Price/Earnings
1 2 3 4 5
premium   discount
  Price/Cash Flow
1 2 3 4 5
premium   discount
NANO 136.44 Peers 35.97   NANO 66.08 Peers 26.17

Premium. A higher P/E ratio than its peers can signify a more expensive stock or higher growth expectations.

NANO is trading at a significant premium 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.

NANO is trading at a significant premium 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 16.60 Peers 18.96   NANO 0.17 Peers 2.94

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.

 

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.

NANO trades at a significant discount to its peers.

 
Price/Book
1 2 3 4 5
premium   discount
  Earnings Growth
1 2 3 4 5
lower   higher
NANO 2.75 Peers 4.20   NANO 112.80 Peers -6.14

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 2.88 Peers 4.88   NANO 11.64 Peers 4.47

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.

 

Higher. A sales growth rate that exceeds the industry implies that a company is gaining market share.

NANO has a sales growth rate that significantly exceeds its peers.

 

 

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