Neovasc Inc.Find Ratings Reports
NEOVASC INC's gross profit margin for the fourth quarter of its fiscal year 2020 is essentially unchanged when compared to the same period a year ago. Even though sales decreased, the net income has increased. NEOVASC INC has strong liquidity. Currently, the Quick Ratio is 1.83 which shows the ability to cover 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 113.68% from the same quarter last year. The key liquidity measurements indicate that the company is unlikely to face financial difficulties in the near future.
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|Income Statement||Q4 FY20||Q4 FY19|
|Net Sales ($mil)||0.51||0.57|
|Net Income ($mil)||-4.42||-12.35|
|Balance Sheet||Q4 FY20||Q4 FY19|
|Cash & Equiv. ($mil)||12.94||5.29|
|Total Assets ($mil)||17.88||10.11|
|Total Debt ($mil)||9.75||15.57|
|Profitability||Q4 FY20||Q4 FY19|
|Gross Profit Margin||81.32||80.74|
|Return on Assets||-160.5||-347.62|
|Return on Equity||-1451.44||0.0|
|Debt||Q4 FY20||Q4 FY19|
|Share Data||Q4 FY20||Q4 FY19|
|Shares outstanding (mil)||28.93||8.71|
|Div / share||0.0||0.0|
|Book value / share||0.07||-1.66|
|Institutional Own %||n/a||n/a|
|Avg Daily Volume||5843442.0||1892822.0|
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. For additional comparison, its price-to-book ratio of 15.22 indicates a significant premium versus the S&P 500 average of 4.31 and a significant premium versus the subsector average of 8.68. The price-to-sales ratio is well above both the S&P 500 average and the subsector average, indicating a premium. Upon assessment of these and other key valuation criteria, NEOVASC INC seems to be trading at a premium to investment alternatives.
|NVCN NM||Peers 104.86||NVCN NM||Peers 63.86|
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.
NVCN'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.
NVCN's P/CF is negative making the measure meaningless.
|NVCN NA||Peers 69.94||NVCN NA||Peers 2.12|
Neutral. A lower price-to-projected earnings ratio than its peers can signify a less expensive stock or lower future growth potential.
Ratio not available.
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.
|NVCN 15.22||Peers 8.68||NVCN 67.20||Peers 37.41|
Premium. A higher price-to-book ratio makes a stock less attractive to investors seeking stocks with lower market values per dollar of equity on the balance sheet.
NVCN is trading at a significant premium to its peers.
Higher. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios.
NVCN is expected to have an earnings growth rate that significantly exceeds its peers.
|NVCN 15.35||Peers 11.44||NVCN -6.46||Peers 13.85|
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.
NVCN 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.
NVCN significantly trails its peers on the basis of sales growth.