Palatin Technologies, Inc.Find Ratings Reports
PALATIN TECHNOLOGIES INC's gross profit margin for the second quarter of its fiscal year 2021 has significantly increased when compared to the same period a year ago. Sales and net income fell significantly; although net income growth outperformed the average competitor in its subsector, revenue growth did not. PALATIN TECHNOLOGIES INC is extremely liquid. Currently, the Quick Ratio is 10.61 which clearly shows the ability to cover any short-term cash needs. The company's liquidity has decreased from the same period last year, indicating deteriorating cash flow.
At the same time, stockholders' equity ("net worth") has significantly decreased by 25.75% 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||Q2 FY21||Q2 FY20|
|Net Sales ($mil)||-0.16||0.02|
|Net Income ($mil)||-9.99||-5.24|
|Balance Sheet||Q2 FY21||Q2 FY20|
|Cash & Equiv. ($mil)||72.16||91.46|
|Total Assets ($mil)||86.78||92.76|
|Total Debt ($mil)||1.12||0.17|
|Profitability||Q2 FY21||Q2 FY20|
|Gross Profit Margin||111.59||-26771.43|
|Return on Assets||-30.66||39.62|
|Return on Equity||-39.23||40.22|
|Debt||Q2 FY21||Q2 FY20|
|Share Data||Q2 FY21||Q2 FY20|
|Shares outstanding (mil)||230.03||229.18|
|Div / share||0.0||0.0|
|Book value / share||0.29||0.4|
|Institutional Own %||n/a||n/a|
|Avg Daily Volume||7387035.0||1124671.0|
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. To use another comparison, its price-to-book ratio of 3.09 indicates a discount versus the S&P 500 average of 4.14 and a significant discount versus the subsector average of 11.80.
|PTN NM||Peers 118.93||PTN NM||Peers 142.75|
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.
PTN'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.
PTN's P/CF is negative making the measure meaningless.
|PTN NM||Peers 50.71||PTN NA||Peers 2.48|
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.
PTN'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.
|PTN 3.09||Peers 11.80||PTN -168.75||Peers -26.01|
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.
PTN 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, PTN is expected to significantly trail its peers on the basis of its earnings growth rate.
|PTN NM||Peers 1747.99||PTN -100.75||Peers 723.67|
Neutral. 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.
PTN's price-to-sales ratio is negative making this valuation measure meaningless.
Lower. A sales growth rate that trails the subsector implies that a company is losing market share.
PTN significantly trails its peers on the basis of sales growth.