Pure Cycle CorporationFind Ratings Reports
PURE CYCLE CORP's gross profit margin for the third quarter of its fiscal year 2021 has significantly increased when compared to the same period a year ago. The company has grown sales and net income significantly, outpacing the average growth rates of competitors within its subsector. PURE CYCLE CORP is extremely liquid. Currently, the Quick Ratio is 3.39 which clearly shows the ability to cover any short-term cash needs. PCYO 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.
During the same period, stockholders' equity ("net worth") has increased by 24.01% 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||Q3 FY21||Q3 FY20|
|Net Sales ($mil)||2.67||1.85|
|Net Income ($mil)||0.62||0.03|
|Balance Sheet||Q3 FY21||Q3 FY20|
|Cash & Equiv. ($mil)||19.8||17.08|
|Total Assets ($mil)||109.11||88.21|
|Total Debt ($mil)||0.14||0.21|
|Profitability||Q3 FY21||Q3 FY20|
|Gross Profit Margin||78.17||61.1|
|Return on Assets||17.37||10.28|
|Return on Equity||18.81||11.17|
|Debt||Q3 FY21||Q3 FY20|
|Share Data||Q3 FY21||Q3 FY20|
|Shares outstanding (mil)||23.91||23.85|
|Div / share||0.0||0.0|
|Book value / share||4.22||3.41|
|Institutional Own %||n/a||n/a|
|Avg Daily Volume||88010.0||102184.0|
BUY. PURE CYCLE CORP's P/E ratio indicates a significant discount compared to an average of 29.00 for the Utilities subsector and a significant discount compared to the S&P 500 average of 34.70. For additional comparison, its price-to-book ratio of 3.26 indicates a discount versus the S&P 500 average of 4.62 and a discount versus the subsector average of 3.74. The price-to-sales ratio is well above both the S&P 500 average and the subsector average, indicating a premium. Upon assessment of these and other key valuation criteria, PURE CYCLE CORP proves to trade at a discount to investment alternatives.
|PCYO 17.42||Peers 36.04||PCYO 57.52||Peers 20.81|
Discount. A lower P/E ratio than its peers can signify a less expensive stock or lower growth expectations.
PCYO is trading at a significant discount 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.
PCYO is trading at a significant premium to its peers.
|PCYO NA||Peers 37.81||PCYO NA||Peers 3.59|
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.
|PCYO 3.26||Peers 3.74||PCYO 113.51||Peers 38.44|
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.
PCYO is trading at a discount to its peers.
Higher. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios.
PCYO is expected to have an earnings growth rate that significantly exceeds its peers.
|PCYO 14.75||Peers 9.87||PCYO -29.40||Peers 24.61|
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.
PCYO is trading at a significant premium to its subsector.
Lower. A sales growth rate that trails the subsector implies that a company is losing market share.
PCYO significantly trails its peers on the basis of sales growth.