Simulations Plus Inc.
Find Ratings ReportsSIMULATIONS PLUS INC's gross profit margin for the first quarter of its fiscal year 2024 has decreased 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 subsector this quarter as compared to the same quarter a year ago. SIMULATIONS PLUS INC is extremely liquid. Currently, the Quick Ratio is 14.80 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.
During the same period, stockholders' equity ("net worth") has remained virtually unchanged only decreasing by 4.31% 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 | Q1 FY24 | Q1 FY23 |
---|---|---|
Net Sales ($mil) | 14.5 | 11.96 |
EBITDA ($mil) | 2.05 | 2.1 |
EBIT ($mil) | 0.96 | 1.18 |
Net Income ($mil) | 1.95 | 1.25 |
Balance Sheet | Q1 FY24 | Q1 FY23 |
---|---|---|
Cash & Equiv. ($mil) | 113.89 | 131.53 |
Total Assets ($mil) | 185.78 | 190.46 |
Total Debt ($mil) | 1.09 | 1.29 |
Equity ($mil) | 172.34 | 180.12 |
Profitability | Q1 FY24 | Q1 FY23 |
---|---|---|
Gross Profit Margin | 75.44 | 85.39 |
EBITDA Margin | 14.14 | 17.56 |
Operating Margin | 6.62 | 9.85 |
Sales Turnover | 0.33 | 0.28 |
Return on Assets | 5.73 | 5.61 |
Return on Equity | 6.19 | 5.94 |
Debt | Q1 FY24 | Q1 FY23 |
---|---|---|
Current Ratio | 15.1 | 18.5 |
Debt/Capital | 0.01 | 0.01 |
Interest Expense | 0.0 | 0.0 |
Interest Coverage | 0.0 | 0.0 |
Share Data | Q1 FY24 | Q1 FY23 |
---|---|---|
Shares outstanding (mil) | 19.97 | 20.31 |
Div / share | 0.06 | 0.06 |
EPS | 0.1 | 0.06 |
Book value / share | 8.63 | 8.87 |
Institutional Own % | n/a | n/a |
Avg Daily Volume | 98590.0 | 115488.0 |
HOLD. SIMULATIONS PLUS INC's P/E ratio indicates a significant premium compared to an average of 47.17 for the Publishing Industries subsector and a significant premium compared to the S&P 500 average of 27.95. To use another comparison, its price-to-book ratio of 4.95 indicates valuation on par with the S&P 500 average of 4.68 and a significant discount versus the subsector average of 11.80. The price-to-sales ratio is well above both the S&P 500 average and the subsector average, indicating a premium. The valuation analysis reveals that, SIMULATIONS PLUS INC seems to be trading at a premium to investment alternatives.
Price/Earnings |
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Price/Cash Flow |
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SLP 80.62 | Peers 47.17 | SLP 48.97 | Peers 33.15 | |||||||||||||||||||||
Premium. A higher P/E ratio than its peers can signify a more expensive stock or higher growth expectations. SLP is trading at a significant premium 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. SLP is trading at a significant premium to its peers. |
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Price/Projected Earnings |
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Price to Earnings/Growth |
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SLP 53.41 | Peers 32.16 | SLP 2.32 | Peers 1.66 | |||||||||||||||||||||
Premium. A higher price-to-projected earnings ratio than its peers can signify a more expensive stock or higher future growth expectations. SLP is trading at a significant premium to its peers. |
Premium. 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. SLP trades at a significant premium to its peers. |
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Price/Book |
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Earnings Growth |
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SLP 4.95 | Peers 11.80 | SLP 1.92 | Peers 148.13 | |||||||||||||||||||||
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. SLP 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, SLP is expected to significantly trail its peers on the basis of its earnings growth rate. |
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Price/Sales |
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Sales Growth |
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SLP 13.74 | Peers 12.32 | SLP 16.20 | Peers 12.66 | |||||||||||||||||||||
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. SLP is trading at a premium to its subsector on this measurement. |
Higher. A sales growth rate that exceeds the subsector implies that a company is gaining market share. SLP has a sales growth rate that significantly exceeds its peers. |
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