Novadaq Technologies Inc

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NVDQ : NASDAQ : Health Care
$7.3 up 0.04 | 0.55%
Today's Range: 7.29 - 7.51
Avg. Daily Volume: 398100.0
04/25/17 - 4:00 PM ET

Financial Analysis


NOVADAQ TECHNOLOGIES INC's gross profit margin for the fourth quarter of its fiscal year 2016 has significantly decreased 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 3.98 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 decreased by 21.67% 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 Q4 FY16 Q4 FY15
Net Sales ($mil)20.0720.02
EBITDA ($mil)-12.41-4.46
EBIT ($mil)-14.81-6.19
Net Income ($mil)-18.5-9.81


Balance Sheet Q4 FY16 Q4 FY15
Cash & Equiv. ($mil)62.38106.79
Total Assets ($mil)136.9175.97
Total Debt ($mil)0.00.0
Equity ($mil)111.98142.96


Profitability Q4 FY16 Q4 FY15
Gross Profit Margin50.580.42
EBITDA Margin-61.84-22.29
Operating Margin-73.79-30.93
Sales Turnover0.580.36
Return on Assets-38.64-17.51
Return on Equity-47.25-21.56
Debt Q4 FY16 Q4 FY15
Current Ratio4.4310.2
Debt/Capital0.00.0
Interest Expense0.020.03
Interest Coverage-617.04-238.12


Share Data Q4 FY16 Q4 FY15
Shares outstanding (mil)57.4556.25
Div / share0.00.0
EPS-0.32-0.17
Book value / share1.952.54
Institutional Own % n/a n/a
Avg Daily Volume424173.0507487.0

Valuation


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. To use another comparison, its price-to-book ratio of 3.81 indicates a premium versus the S&P 500 average of 2.99 and a discount versus the industry average of 4.93. The current price-to-sales ratio is well above the S&P 500 average and above the industry average, indicating a premium. The valuation analysis reveals that, NOVADAQ TECHNOLOGIES INC seems to be trading at a premium to investment alternatives within the industry.


Price/Earnings
1 2 3 4 5
premium   discount
  Price/Cash Flow
1 2 3 4 5
premium   discount
NVDQ NM Peers 44.36   NVDQ NM Peers 26.92

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.

 
Price/Projected
Earnings
1 2 3 4 5
premium   discount
  Price to
Earnings/Growth
1 2 3 4 5
premium   discount
NVDQ NA Peers 32.13   NVDQ NA Peers 1.15

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.

 
Price/Book
1 2 3 4 5
premium   discount
  Earnings Growth
1 2 3 4 5
lower   higher
NVDQ 3.81 Peers 4.93   NVDQ -34.28 Peers 99.98

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.

 
Price/Sales
1 2 3 4 5
premium   discount
  Sales Growth
1 2 3 4 5
premium   discount
NVDQ 5.32 Peers 4.94   NVDQ 25.47 Peers 14.96

Average. 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 valuation on par with 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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