Novadaq Technologies Inc

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NVDQ : NASDAQ : Health Care
$10.64 | %
Today's Range: 10.42 - 10.67
Avg. Daily Volume: 208,700
10/21/16 - 4:00 PM ET

Financial Analysis

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 ($mil)20.1215.07
EBITDA ($mil)-14.75-10.69
EBIT ($mil)-16.58-12.39
Net Income ($mil)-16.54-6.03

Balance Sheet Q2 FY16 Q2 FY15
Cash & Equiv. ($mil)84.04124.41
Total Assets ($mil)159.16183.93
Total Debt ($mil)0.00.0
Equity ($mil)139.51154.29

Profitability Q2 FY16 Q2 FY15
Gross Profit Margin81.0482.27
EBITDA Margin-73.32-70.91
Operating Margin-82.44-82.26
Sales Turnover0.470.28
Return on Assets-23.26-17.3
Return on Equity-26.54-20.63
Debt Q2 FY16 Q2 FY15
Current Ratio7.1812.52
Interest Expense0.020.03
Interest Coverage-691.0-476.69

Share Data Q2 FY16 Q2 FY15
Shares outstanding (mil)57.4456.2
Div / share0.00.0
Book value / share2.432.75
Institutional Own % n/a n/a
Avg Daily Volume217787.0263100.0


SELL. This stock’s P/E ratio is negative, making its value useless in the assessment of premium or discount valuation, only displaying that the company has negative earnings per share. For additional comparison, its price-to-book ratio of 4.28 indicates a significant premium versus the S&P 500 average of 2.72 and a discount versus the industry average of 4.76. 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 discount to investment alternatives within the industry.

1 2 3 4 5
premium   discount
  Price/Cash Flow
1 2 3 4 5
premium   discount
NVDQ NM Peers 42.24   NVDQ NM Peers 27.52

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.

1 2 3 4 5
premium   discount
  Price to
1 2 3 4 5
premium   discount
NVDQ NA Peers 24.22   NVDQ NA Peers 0.81

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.

1 2 3 4 5
premium   discount
  Earnings Growth
1 2 3 4 5
lower   higher
NVDQ 4.28 Peers 4.76   NVDQ 11.25 Peers 24.51

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.

NVDQ is trading at a discount to 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.

1 2 3 4 5
premium   discount
  Sales Growth
1 2 3 4 5
premium   discount
NVDQ 7.97 Peers 11.88   NVDQ 44.28 Peers 18.23

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.



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