ViewRay, Inc.Find Ratings Reports
VIEWRAY INC'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. Sales and net income have grown, and although the growth in revenues has outpaced the average competitor within the subsector, the net income growth has not. VIEWRAY INC is extremely liquid. Currently, the Quick Ratio is 2.96 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 39.74% 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||Q4 FY20||Q4 FY19|
|Net Sales ($mil)||18.46||16.47|
|Net Income ($mil)||-26.1||-35.21|
|Balance Sheet||Q4 FY20||Q4 FY19|
|Cash & Equiv. ($mil)||156.72||226.78|
|Total Assets ($mil)||261.55||350.02|
|Total Debt ($mil)||68.07||68.29|
|Profitability||Q4 FY20||Q4 FY19|
|Gross Profit Margin||11.93||-8.59|
|Return on Assets||-41.25||-34.34|
|Return on Equity||-82.84||-55.6|
|Debt||Q4 FY20||Q4 FY19|
|Share Data||Q4 FY20||Q4 FY19|
|Shares outstanding (mil)||148.62||147.19|
|Div / share||0.0||0.0|
|Book value / share||0.88||1.47|
|Institutional Own %||n/a||n/a|
|Avg Daily Volume||1569013.0||1704923.0|
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. Conducting a second comparison, its price-to-book ratio of 4.85 indicates a premium versus the S&P 500 average of 4.31 and a significant discount versus the subsector average of 8.68. The current price-to-sales ratio is well above the S&P 500 average, but below the subsector average. After reviewing these and other key valuation criteria, VIEWRAY INC proves to trade at a discount to investment alternatives.
|VRAY NM||Peers 104.86||VRAY NM||Peers 63.86|
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.
VRAY'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.
VRAY's P/CF is negative making the measure meaningless.
|VRAY NM||Peers 69.94||VRAY NA||Peers 2.12|
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.
VRAY'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.
|VRAY 4.85||Peers 8.68||VRAY 37.29||Peers 37.41|
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.
VRAY is trading at a significant discount to its peers.
Average. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios.
VRAY is expected to keep pace with its peers on the basis of earnings growth.
|VRAY 11.08||Peers 11.44||VRAY -35.05||Peers 13.85|
Average. 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.
VRAY is trading at a valuation on par with its subsector on this measurement.
Lower. A sales growth rate that trails the subsector implies that a company is losing market share.
VRAY significantly trails its peers on the basis of sales growth.