Pitney Bowes Inc
Find Ratings Reports
0.23 |
1.76%
PITNEY BOWES INC's gross profit margin for the second quarter of its fiscal year 2017 is essentially unchanged when compared to the same period a year ago. Sales and net income have dropped, underperforming the average competitor within its industry. PITNEY BOWES INC has weak liquidity. Currently, the Quick Ratio is 0.86 which shows a lack of ability to cover short-term cash needs. The liquidity decreased from the same period a year ago, despite already having weak liquidity to begin with. This would indicate deteriorating cash flow.
At the same time, stockholders' equity ("net worth") has significantly decreased by 62.73% from the same quarter last year. Overall, the key liquidity measurements indicate that the company is in a position in which financial difficulties could develop in the future.
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| Income Statement | Q2 FY17 | Q2 FY16 |
|---|---|---|
| Net Sales ($mil) | 821.37 | 835.89 |
| EBITDA ($mil) | 146.16 | 185.35 |
| EBIT ($mil) | 102.3 | 140.11 |
| Net Income ($mil) | 48.9 | 53.59 |
| Balance Sheet | Q2 FY17 | Q2 FY16 |
|---|---|---|
| Cash & Equiv. ($mil) | 1005.28 | 750.78 |
| Total Assets ($mil) | 6037.35 | 5963.58 |
| Total Debt ($mil) | 3528.77 | 3093.82 |
| Equity ($mil) | 29.37 | 78.81 |
| Profitability | Q2 FY17 | Q2 FY16 |
|---|---|---|
| Gross Profit Margin | 58.76 | 60.89 |
| EBITDA Margin | 17.79 | 22.17 |
| Operating Margin | 12.45 | 16.76 |
| Sales Turnover | 0.56 | 0.58 |
| Return on Assets | 1.57 | 4.81 |
| Return on Equity | 327.53 | 359.03 |
| Debt | Q2 FY17 | Q2 FY16 |
|---|---|---|
| Current Ratio | 0.95 | 1.07 |
| Debt/Capital | 0.99 | 0.98 |
| Interest Expense | 27.6 | 20.8 |
| Interest Coverage | 3.71 | 6.74 |
| Share Data | Q2 FY17 | Q2 FY16 |
|---|---|---|
| Shares outstanding (mil) | 186.37 | 185.58 |
| Div / share | 0.19 | 0.19 |
| EPS | 0.26 | 0.29 |
| Book value / share | 0.16 | 0.42 |
| Institutional Own % | n/a | n/a |
| Avg Daily Volume | 1709793.0 | 1884045.0 |
HOLD. PITNEY BOWES INC's P/E ratio indicates a discount compared to an average of 33.55 for the Commercial Services & Supplies industry and a value on par with the S&P 500 average of 24.88. For additional comparison, its price-to-book ratio of 81.35 indicates a significant premium versus the S&P 500 average of 3.10 and a significant premium versus the industry average of 6.13. The price-to-sales ratio is well below both the S&P 500 average and the industry average, indicating a discount. The valuation analysis reveals that, PITNEY BOWES INC seems to be trading at a discount to investment alternatives within the industry.
| Price/Earnings |
|
Price/Cash Flow |
| |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| PBI 24.65 | Peers 33.55 | PBI 4.57 | Peers 19.88 | |||||||||||||||||||||
|
Discount. A lower P/E ratio than its peers can signify a less expensive stock or lower growth expectations. PBI is trading at a significant discount to its peers. |
Discount. 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. PBI is trading at a significant discount to its peers. |
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| Price/Projected Earnings |
|
Price to Earnings/Growth |
|
|||||||||||||||||||||
| PBI 6.97 | Peers 26.88 | PBI 0.11 | Peers 1.46 | |||||||||||||||||||||
|
Discount. A lower price-to-projected earnings ratio than its peers can signify a less expensive stock or lower future growth expectations. PBI is trading at a significant discount to 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. PBI trades at a significant discount to its peers. |
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| Price/Book |
|
Earnings Growth |
|
|||||||||||||||||||||
| PBI 81.35 | Peers 6.13 | PBI -63.89 | Peers 128.98 | |||||||||||||||||||||
|
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. PBI is trading at a significant premium to its peers. |
Lower. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios. However, PBI is expected to significantly trail its peers on the basis of its earnings growth rate. |
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| Price/Sales |
|
Sales Growth |
|
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| PBI 0.71 | Peers 2.71 | PBI -2.95 | Peers 14.68 | |||||||||||||||||||||
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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. PBI 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. PBI significantly trails its peers on the basis of sales growth |
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