Pacific Ethanol Inc

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PEIX : NASDAQ : Basic Materials
$6.80 up 0.28 | 4.20%
Today's Range: 6.45 - 6.81
Avg. Daily Volume: 631,800
09/28/16 - 3:59 PM ET

Financial Analysis


PACIFIC ETHANOL INC's gross profit margin for the second quarter of its fiscal year 2016 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 industry. PACIFIC ETHANOL INC has strong liquidity. Currently, the Quick Ratio is 1.68 which shows the ability to cover short-term cash needs. The company's liquidity has decreased from the same period last year.

At the same time, stockholders' equity ("net worth") has greatly increased by 72.68% 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 Q2 FY16 Q2 FY15
Net Sales ($mil)422.86227.62
EBITDA ($mil)20.585.9
EBIT ($mil)11.562.56
Net Income ($mil)5.091.01


Balance Sheet Q2 FY16 Q2 FY15
Cash & Equiv. ($mil)31.6749.26
Total Assets ($mil)665.72282.95
Total Debt ($mil)221.3929.0
Equity ($mil)363.62210.57


Profitability Q2 FY16 Q2 FY15
Gross Profit Margin6.324.21
EBITDA Margin4.862.59
Operating Margin2.731.13
Sales Turnover2.293.41
Return on Assets-3.534.65
Return on Equity-6.825.65
Debt Q2 FY16 Q2 FY15
Current Ratio3.114.54
Debt/Capital0.380.12
Interest Expense6.541.01
Interest Coverage1.772.55


Share Data Q2 FY16 Q2 FY15
Shares outstanding (mil)43.1624.69
Div / share0.00.0
EPS0.110.03
Book value / share8.438.53
Institutional Own % n/a n/a
Avg Daily Volume663684.0639526.0

Valuation


SELL. 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 0.79 indicates a significant discount versus the S&P 500 average of 2.82 and a significant discount versus the industry average of 15.56. 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 80.60   PEIX NM Peers 10.97

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.

 

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.

PEIX'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
PEIX 9.40 Peers 49.84   PEIX NA Peers 3.87

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

PEIX 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
PEIX 0.79 Peers 15.56   PEIX -222.44 Peers -227.20

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 0.19 Peers 2.58   PEIX 57.69 Peers -26.14

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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