Pacific Ethanol Inc

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PEIX : NASDAQ : Basic Materials
$8.05 | %
Today's Range: 7.95 - 8.3
Avg. Daily Volume: 627000.0
01/20/17 - 4:00 PM ET

Financial Analysis


PACIFIC ETHANOL 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. The company managed to grow both sales and net income at a faster pace than the average competitor in its industry this quarter as compared to the same quarter a year ago. PACIFIC ETHANOL INC has weak liquidity. Currently, the Quick Ratio is 0.54 which shows a lack of 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 remained virtually unchanged only decreasing by 2.75% 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 Q3 FY16 Q3 FY15
Net Sales ($mil)417.81380.62
EBITDA ($mil)9.252.23
EBIT ($mil)0.39-6.13
Net Income ($mil)-3.52-14.66


Balance Sheet Q3 FY16 Q3 FY15
Cash & Equiv. ($mil)40.6453.06
Total Assets ($mil)657.13668.03
Total Debt ($mil)222.53216.67
Equity ($mil)360.48370.71


Profitability Q3 FY16 Q3 FY15
Gross Profit Margin3.642.54
EBITDA Margin2.210.58
Operating Margin0.09-1.61
Sales Turnover2.371.6
Return on Assets-1.88-0.82
Return on Equity-3.79-1.82
Debt Q3 FY16 Q3 FY15
Current Ratio0.932.42
Debt/Capital0.380.37
Interest Expense3.875.17
Interest Coverage0.1-1.19


Share Data Q3 FY16 Q3 FY15
Shares outstanding (mil)43.1742.53
Div / share0.00.0
EPS-0.09-0.36
Book value / share8.358.72
Institutional Own % n/a n/a
Avg Daily Volume604730.0609412.0

Valuation


HOLD. 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. For additional comparison, its price-to-book ratio of 1.01 indicates a significant discount versus the S&P 500 average of 2.84 and a significant discount versus the industry average of 23.93. The price-to-sales ratio is well below both the S&P 500 average and the industry average, indicating a discount. After reviewing these and other key valuation criteria, PACIFIC ETHANOL INC proves to trade at a discount 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
PEIX NM Peers 42.39   PEIX 66.64 Peers 13.47

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.

PEIX's P/E is negative making this valuation measure meaningless.

 

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.

PEIX 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
PEIX 11.74 Peers 63.03   PEIX NA Peers 2.40

Neutral. The absence of a valid price-to-projected earnings ratio happens when a stock can not be valued on the basis of a negative expected future earnings.

PEIX's ratio is negative making this valuation measure meaningless.

 

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
PEIX 1.01 Peers 23.93   PEIX -1550.00 Peers -244.01

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.

PEIX is trading at a significant discount to its peers.

 

Lower. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios.

However, PEIX 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
PEIX 0.23 Peers 2.74   PEIX 45.69 Peers -20.21

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.

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

 

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

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

 

 

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