Novadaq Technologies IncFind Ratings Reports
NOVADAQ TECHNOLOGIES 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. Even though sales increased, the net income has decreased, representing a decrease to the bottom line. NOVADAQ TECHNOLOGIES INC is extremely liquid. Currently, the Quick Ratio is 6.24 which clearly shows the ability to cover any short-term cash needs. The company's liquidity has decreased from the same period last year, indicating deteriorating cash flow.
During the same period, stockholders' equity ("net worth") has decreased by 9.57% 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 ($mil)||20.12||15.07|
|Net Income ($mil)||-16.54||-6.03|
|Balance Sheet||Q2 FY16||Q2 FY15|
|Cash & Equiv. ($mil)||84.04||124.41|
|Total Assets ($mil)||159.16||183.93|
|Total Debt ($mil)||0.0||0.0|
|Profitability||Q2 FY16||Q2 FY15|
|Gross Profit Margin||81.04||82.27|
|Return on Assets||-23.26||-17.3|
|Return on Equity||-26.54||-20.63|
|Debt||Q2 FY16||Q2 FY15|
|Share Data||Q2 FY16||Q2 FY15|
|Shares outstanding (mil)||57.44||56.2|
|Div / share||0.0||0.0|
|Book value / share||2.43||2.75|
|Institutional Own %||n/a||n/a|
|Avg Daily Volume||296505.0||232064.0|
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 4.90 indicates a significant premium versus the S&P 500 average of 2.82 and a premium versus the industry average of 4.82. The price-to-sales ratio is well above the S&P 500 average, but well below the industry average. After reviewing these and other key valuation criteria, NOVADAQ TECHNOLOGIES INC proves to trade at a premium to investment alternatives within the industry.
|NVDQ NM||Peers 42.64||NVDQ NM||Peers 27.83|
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.
NVDQ'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.
NVDQ's P/CF is negative making the measure meaningless.
|NVDQ NA||Peers 24.02||NVDQ NA||Peers 0.82|
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.
|NVDQ 4.90||Peers 4.82||NVDQ 11.25||Peers 22.14|
Average. 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.
NVDQ is trading at a valuation on par with its peers.
Lower. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios.
However, NVDQ is expected to significantly trail its peers on the basis of its earnings growth rate.
|NVDQ 9.13||Peers 14.69||NVDQ 44.28||Peers 17.80|
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.
NVDQ 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.
NVDQ has a sales growth rate that significantly exceeds its peers.