Tuesday Morning Corp.

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TUES : NASDAQ : Retail Trade
$3.05 up 0.05 | 1.7%
Today's Range: 3.0 - 3.1
Avg. Daily Volume: 287700.0
02/21/18 - 9:51 AM ET

Financial Analysis


TUESDAY MORNING CORP's gross profit margin for the second quarter of its fiscal year 2018 is essentially unchanged 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 industry this quarter as compared to the same quarter a year ago. TUESDAY MORNING CORP has very weak liquidity. Currently, the Quick Ratio is 0.07 which clearly shows a lack of ability to cover short-term cash needs. The company's liquidity decreased from the same period a year ago, despite already having very weak liquidity to begin with. This would indicate deteriorating cash flow.

During the same period, stockholders' equity ("net worth") has decreased by 13.98% from the same quarter last year. The key liquidity measurements indicate that the company is in a position in which financial difficulties could develop in the near future.

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Income Statement Q2 FY18 Q2 FY17
Net Sales ($mil)333.81328.14
EBITDA ($mil)14.7914.16
EBIT ($mil)8.288.77
Net Income ($mil)8.698.43


Balance Sheet Q2 FY18 Q2 FY17
Cash & Equiv. ($mil)9.4112.63
Total Assets ($mil)364.24377.73
Total Debt ($mil)0.50.0
Equity ($mil)197.11229.17


Profitability Q2 FY18 Q2 FY17
Gross Profit Margin33.6133.94
EBITDA Margin4.434.31
Operating Margin2.482.67
Sales Turnover2.692.58
Return on Assets-9.79-2.51
Return on Equity-18.1-4.15
Debt Q2 FY18 Q2 FY17
Current Ratio1.671.98
Debt/Capital0.00.0
Interest Expense0.540.41
Interest Coverage15.321.28


Share Data Q2 FY18 Q2 FY17
Shares outstanding (mil)45.9245.18
Div / share0.00.0
EPS0.190.19
Book value / share4.295.07
Institutional Own % n/a n/a
Avg Daily Volume302649.0430394.0

Valuation


SELL. This stock’s P/E ratio is negative, making its value useless in the assessment of premium or discount valuation, only displaying that the company has negative earnings per share. For additional comparison, its price-to-book ratio of 0.72 indicates a significant discount versus the S&P 500 average of 3.26 and a significant discount versus the industry average of 4.15. 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, TUESDAY MORNING CORP 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
TUES NM Peers 19.91   TUES 6.50 Peers 10.95

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.

TUES's P/E is negative making this valuation measure meaningless.

 

Discount. 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.

TUES is trading at a significant discount to its peers.

 
Price/Projected
Earnings
1 2 3 4 5
premium   discount
  Price to
Earnings/Growth
1 2 3 4 5
premium   discount
TUES NM Peers 19.14   TUES NA Peers 5.15

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.

TUES'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
TUES 0.72 Peers 4.15   TUES -272.72 Peers 8.37

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.

TUES 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, TUES 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
TUES 0.15 Peers 0.87   TUES 0.51 Peers 2.83

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.

TUES is trading at a significant discount to its industry on this measurement.

 

Lower. A sales growth rate that trails the industry implies that a company is losing market share.

TUES significantly trails its peers on the basis of sales growth

 

 

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