Firsthand Technology Value Fund Inc.Find Ratings Reports
FIRSTHAND TECHNOLOGY VALU FD's gross profit margin for the fourth quarter of its fiscal year 2020 has significantly increased when compared to the same period a year ago. Even though sales decreased, the net income has increased.
During the same period, stockholders' equity ("net worth") has decreased by 19.62% from the same quarter last year.
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|Income Statement||Q4 FY20||Q4 FY19|
|Net Sales ($mil)||0.89||0.89|
|Net Income ($mil)||6.94||-24.78|
|Balance Sheet||Q4 FY20||Q4 FY19|
|Cash & Equiv. ($mil)||0.0||0.0|
|Total Assets ($mil)||107.83||130.93|
|Total Debt ($mil)||0.0||0.0|
|Profitability||Q4 FY20||Q4 FY19|
|Gross Profit Margin||16.44||-25.2|
|Return on Assets||-21.28||-49.28|
|Return on Equity||-22.47||-50.77|
|Debt||Q4 FY20||Q4 FY19|
|Share Data||Q4 FY20||Q4 FY19|
|Shares outstanding (mil)||6.89||7.18|
|Div / share||0.0||0.0|
|Book value / share||14.82||17.7|
|Institutional Own %||n/a||n/a|
|Avg Daily Volume||40289.0||57875.0|
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. For additional comparison, its price-to-book ratio of 0.43 indicates a significant discount versus the S&P 500 average of 4.43 and a significant discount versus the subsector average of 11.18. 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, FIRSTHAND TECHNOLOGY VALU FD seems to be trading at a premium to investment alternatives.
|SVVC NM||Peers 29.74||SVVC 21.87||Peers 20.84|
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.
SVVC's P/E is negative making this valuation measure meaningless.
Average. 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.
SVVC is trading at a valuation on par to its peers.
|SVVC NA||Peers 20.33||SVVC NA||Peers 1.22|
Neutral. A lower price-to-projected earnings ratio than its peers can signify a less expensive stock or lower future growth potential.
Ratio not available.
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.
|SVVC 0.43||Peers 11.18||SVVC 63.30||Peers 143.07|
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.
SVVC 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, SVVC is expected to significantly trail its peers on the basis of its earnings growth rate.
|SVVC 11.99||Peers 6.93||SVVC 103.96||Peers 34.63|
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.
SVVC is trading at a significant premium to its subsector.
Higher. A sales growth rate that exceeds the subsector implies that a company is gaining market share.
SVVC has a sales growth rate that significantly exceeds its peers.