Vaxart Inc.
Find Ratings ReportsVAXART INC's gross profit margin for the third quarter of its fiscal year 2023 has significantly decreased when compared to the same period a year ago. Even though it increased sales and net income significantly, the company was unable to grow at a faster pace than its subsector competitors. VAXART INC is extremely liquid. Currently, the Quick Ratio is 4.74 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 41.52% 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 | Q3 FY23 | Q3 FY22 |
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Net Sales ($mil) | 2.1 | 0.0 |
EBITDA ($mil) | -16.73 | -28.6 |
EBIT ($mil) | -17.82 | -29.43 |
Net Income ($mil) | -17.4 | -29.31 |
Balance Sheet | Q3 FY23 | Q3 FY22 |
---|---|---|
Cash & Equiv. ($mil) | 53.04 | 114.77 |
Total Assets ($mil) | 105.64 | 175.31 |
Total Debt ($mil) | 26.43 | 34.53 |
Equity ($mil) | 71.52 | 122.31 |
Profitability | Q3 FY23 | Q3 FY22 |
---|---|---|
Gross Profit Margin | -796.1 | 0.0 |
EBITDA Margin | -796.09 | 0.0 |
Operating Margin | -848.26 | 0.0 |
Sales Turnover | 0.04 | 0.0 |
Return on Assets | -84.25 | -59.66 |
Return on Equity | -124.45 | -85.53 |
Debt | Q3 FY23 | Q3 FY22 |
---|---|---|
Current Ratio | 5.07 | 5.54 |
Debt/Capital | 0.27 | 0.22 |
Interest Expense | 0.21 | 0.33 |
Interest Coverage | -86.1 | -90.54 |
Share Data | Q3 FY23 | Q3 FY22 |
---|---|---|
Shares outstanding (mil) | 152.04 | 128.33 |
Div / share | 0.0 | 0.0 |
EPS | -0.11 | -0.23 |
Book value / share | 0.47 | 0.95 |
Institutional Own % | n/a | n/a |
Avg Daily Volume | 1918356.0 | 630951.0 |
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 2.34 indicates a significant discount versus the S&P 500 average of 4.68 and a significant discount versus the subsector average of 19.07. The price-to-sales ratio is well above the S&P 500 average, but well below the subsector average. After reviewing these and other key valuation criteria, VAXART INC proves to trade at a discount to investment alternatives.
Price/Earnings |
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Price/Cash Flow |
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VXRT NM | Peers 85.83 | VXRT NM | Peers 38.76 | |||||||||||||||||||||
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. VXRT'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. VXRT's P/CF is negative making the measure meaningless. |
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Price/Projected Earnings |
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Price to Earnings/Growth |
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VXRT NM | Peers 18.08 | VXRT NA | Peers 1.16 | |||||||||||||||||||||
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. VXRT'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. |
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Price/Book |
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Earnings Growth |
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VXRT 2.34 | Peers 19.07 | VXRT 22.90 | Peers 12.58 | |||||||||||||||||||||
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. VXRT is trading at a significant discount to its peers. |
Higher. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios. VXRT is expected to have an earnings growth rate that significantly exceeds its peers. |
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Price/Sales |
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Sales Growth |
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VXRT 40.20 | Peers 84.44 | VXRT 2513.83 | Peers 42.35 | |||||||||||||||||||||
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. VXRT is trading at a significant discount to its subsector on this measurement. |
Higher. A sales growth rate that exceeds the subsector implies that a company is gaining market share. VXRT has a sales growth rate that significantly exceeds its peers. |
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