Nanometrics Inc

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NANO : NASDAQ : Technology
$22.06 -0.23 | -1.00%
Today's Range: 21.55 - 22.11
Avg. Daily Volume: 146,500
09/26/16 - 1:34 PM ET

Financial Analysis


NANOMETRICS INC's gross profit margin for the second quarter of its fiscal year 2016 is essentially unchanged when compared to the same period a year ago. The company managed to grow both sales and net income at a faster pace than the average competitor in its industry this quarter as compared to the same quarter a year ago. NANOMETRICS INC is extremely liquid. Currently, the Quick Ratio is 2.63 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 10.59% 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 Q2 FY16 Q2 FY15
Net Sales ($mil)55.7748.63
EBITDA ($mil)9.474.74
EBIT ($mil)7.342.51
Net Income ($mil)6.031.34


Balance Sheet Q2 FY16 Q2 FY15
Cash & Equiv. ($mil)95.9874.79
Total Assets ($mil)263.56231.56
Total Debt ($mil)0.00.0
Equity ($mil)204.0184.46


Profitability Q2 FY16 Q2 FY15
Gross Profit Margin54.7952.37
EBITDA Margin16.979.74
Operating Margin13.155.16
Sales Turnover0.730.72
Return on Assets3.22-12.69
Return on Equity4.16-15.93
Debt Q2 FY16 Q2 FY15
Current Ratio3.634.0
Debt/Capital0.00.0
Interest Expense0.070.08
Interest Coverage109.4930.23


Share Data Q2 FY16 Q2 FY15
Shares outstanding (mil)24.6924.06
Div / share0.00.0
EPS0.240.06
Book value / share8.267.67
Institutional Own % n/a n/a
Avg Daily Volume159425.0157991.0

Valuation


BUY. NANOMETRICS INC's P/E ratio indicates a significant premium compared to an average of 27.99 for the Semiconductors & Semiconductor Equipment industry and a significant premium compared to the S&P 500 average of 25.19. To use another comparison, its price-to-book ratio of 2.72 indicates valuation on par with the S&P 500 average of 2.82 and a discount versus the industry average of 4.16. 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 66.18 Peers 27.99   NANO 25.06 Peers 16.13

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 17.65 Peers 18.94   NANO 0.09 Peers 2.65

Premium. A higher price-to-projected earnings ratio than its peers can signify a more expensive stock or higher future growth expectations.

NANO is trading at a premium to 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 2.72 Peers 4.16   NANO 128.09 Peers -0.00

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 2.90 Peers 4.64   NANO 15.54 Peers 4.90

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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