OCLR : NASDAQ : Technology
$5.83 | %
Today's Range: 0.00 - 0.00
Avg. Daily Volume: 2,448,600
07/25/16 - 4:00 PM ET

Financial Analysis


OCLARO INC's gross profit margin for the third quarter of its fiscal year 2016 has significantly increased when compared to the same period a year ago. Sales and net income have grown, and although the growth in revenues has outpaced the average competitor within the industry, the net income growth has not. OCLARO INC has strong liquidity. Currently, the Quick Ratio is 1.77 which shows the ability to cover 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 5.54% 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 Q3 FY16 Q3 FY15
Net Sales ($mil)101.0583.02
EBITDA ($mil)6.41-6.87
EBIT ($mil)2.26-11.27
Net Income ($mil)0.09-10.19


Balance Sheet Q3 FY16 Q3 FY15
Cash & Equiv. ($mil)106.8123.91
Total Assets ($mil)343.38342.27
Total Debt ($mil)67.6967.28
Equity ($mil)152.94161.93


Profitability Q3 FY16 Q3 FY15
Gross Profit Margin30.5320.37
EBITDA Margin6.34-8.27
Operating Margin2.23-13.58
Sales Turnover1.061.04
Return on Assets-4.98-19.53
Return on Equity-11.2-28.18
Debt Q3 FY16 Q3 FY15
Current Ratio2.63.01
Debt/Capital0.310.29
Interest Expense1.20.6
Interest Coverage1.87-18.82


Share Data Q3 FY16 Q3 FY15
Shares outstanding (mil)112.1109.8
Div / share0.00.0
EPS0.0-0.09
Book value / share1.361.47
Institutional Own % n/a n/a
Avg Daily Volume2477310.03269688.0

Valuation


HOLD. 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 3.84 indicates a premium versus the S&P 500 average of 2.81 and a premium versus the industry average of 3.09. The price-to-sales ratio is below the S&P 500 average and is well below the industry average, indicating a discount. After reviewing 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 NM Peers 27.55   OCLR NM Peers 12.38

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.

OCLR'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.

OCLR'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
OCLR 20.15 Peers 18.33   OCLR NA Peers 0.62

Premium. A higher price-to-projected earnings ratio than its peers can signify a more expensive stock or higher future growth expectations.

OCLR is trading at a significant premium to its peers.

 

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
OCLR 3.84 Peers 3.09   OCLR 62.80 Peers 51.41

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.

OCLR is trading at a 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 exceeds its peers.

 
Price/Sales
1 2 3 4 5
premium   discount
  Sales Growth
1 2 3 4 5
premium   discount
OCLR 1.61 Peers 3.14   OCLR 2.79 Peers 10.39

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.

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

 

Lower. A sales growth rate that trails the industry implies that a company is losing market share.

OCLR significantly trails its peers on the basis of sales growth

 

 

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