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Palatin Technologies, Inc.

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PTN : AMEX :
$0.86 up 0.07 | 9.30%
Today's Range: 0.82 - 0.88
Avg. Daily Volume: 0
02/24/21 - 1:19 PM ET
Rating Summary Rating Detail Financial Analysis Peer Group

Financial Analysis


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.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. To learn more visit www.TheStreetRatings.com.



Income Statement Q2 FY21 Q2 FY20
Net Sales ($mil)-0.160.02
EBITDA ($mil)-9.24-5.62
EBIT ($mil)-9.25-5.64
Net Income ($mil)-9.99-5.24


Balance Sheet Q2 FY21 Q2 FY20
Cash & Equiv. ($mil)72.1691.46
Total Assets ($mil)86.7892.76
Total Debt ($mil)1.120.17
Equity ($mil)67.8491.37


Profitability Q2 FY21 Q2 FY20
Gross Profit Margin111.59-26771.43
EBITDA Margin5633.53-26771.42
Operating Margin5640.24-26861.9
Sales Turnover-0.010.65
Return on Assets-30.6639.62
Return on Equity-39.2340.22
Debt Q2 FY21 Q2 FY20
Current Ratio11.7967.08
Debt/Capital0.020.0
Interest Expense0.00.0
Interest Coverage-4625.0-1880.33


Share Data Q2 FY21 Q2 FY20
Shares outstanding (mil)230.03229.18
Div / share0.00.0
EPS-0.04-0.02
Book value / share0.290.4
Institutional Own % n/a n/a
Avg Daily Volume7387035.01124671.0

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. 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.


Price/Earnings
1 2 3 4 5
premium   discount
  Price/Cash Flow
1 2 3 4 5
premium   discount
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.

 
Price/Projected
Earnings
1 2 3 4 5
premium   discount
  Price to
Earnings/Growth
1 2 3 4 5
premium   discount
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.

 
Price/Book
1 2 3 4 5
premium   discount
  Earnings Growth
1 2 3 4 5
lower   higher
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.

 
Price/Sales
1 2 3 4 5
premium   discount
  Sales Growth
1 2 3 4 5
premium   discount
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.

 

 

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