OCLR : NASDAQ : Technology
$9.31 | %
Today's Range: 0.0 - 0.0
Avg. Daily Volume: 5971000.0
01/23/17 - 4:00 PM ET

Financial Analysis


OCLARO INC's gross profit margin for the first quarter of its fiscal year 2017 has increased when compared to the same period a year ago. The company grew its sales and net income significantly quarter versus same quarter a year prior, and was able to outpace the average competitor in the industry when comparing revenue growth, but not when comparing net income growth. OCLARO INC is extremely liquid. Currently, the Quick Ratio is 2.83 which clearly shows the ability to cover any short-term cash needs. OCLR managed to increase the liquidity from the same period a year ago, despite already having very strong liquidity to begin with. This would indicate improved cash flow.

At the same time, stockholders' equity ("net worth") has greatly increased by 153.30% 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 Q1 FY17 Q1 FY16
Net Sales ($mil)135.4987.55
EBITDA ($mil)23.212.39
EBIT ($mil)18.21-1.71
Net Income ($mil)3.35-3.51


Balance Sheet Q1 FY17 Q1 FY16
Cash & Equiv. ($mil)229.3107.67
Total Assets ($mil)514.53320.11
Total Debt ($mil)5.2365.87
Equity ($mil)378.48149.42


Profitability Q1 FY17 Q1 FY16
Gross Profit Margin37.7230.32
EBITDA Margin17.122.73
Operating Margin13.44-1.95
Sales Turnover0.891.06
Return on Assets3.0-12.44
Return on Equity4.07-21.26
Debt Q1 FY17 Q1 FY16
Current Ratio3.753.02
Debt/Capital0.010.31
Interest Expense5.91.2
Interest Coverage3.09-1.42


Share Data Q1 FY17 Q1 FY16
Shares outstanding (mil)165.9110.75
Div / share0.00.0
EPS0.02-0.03
Book value / share2.281.35
Institutional Own % n/a n/a
Avg Daily Volume5878859.04402377.0

Valuation


HOLD. OCLARO INC's P/E ratio indicates a significant premium compared to an average of 29.41 for the Communications Equipment industry and a significant premium compared to the S&P 500 average of 25.41. For additional comparison, its price-to-book ratio of 4.16 indicates a premium versus the S&P 500 average of 2.83 and a premium versus the industry average of 3.33. The price-to-sales ratio is well above both the S&P 500 average and the industry average, indicating a premium. Upon assessment of these and other key valuation criteria, OCLARO INC proves to trade 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
OCLR 86.18 Peers 29.41   OCLR 92.56 Peers 14.34

Premium. A higher P/E ratio than its peers can signify a more expensive stock or higher growth expectations.

OCLR 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.

OCLR 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
OCLR 15.54 Peers 19.67   OCLR 0.15 Peers 0.92

Average. An average price-to-projected earnings ratio can signify an industry neutral stock price and average future growth expectations.

OCLR is trading at a valuation on par with 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.

OCLR 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
OCLR 4.16 Peers 3.33   OCLR 137.93 Peers 28.07

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.

OCLR 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.

OCLR 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
OCLR 3.45 Peers 2.93   OCLR 34.23 Peers 19.46

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.

OCLR is trading at a premium to its industry on this measurement.

 

Higher. A sales growth rate that exceeds the industry implies that a company is gaining market share.

OCLR has a sales growth rate that significantly exceeds its peers.

 

 

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