Zogenix Inc

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ZGNX : NASDAQ : Health Care
$10.45 up 0.93 | 9.77%
Today's Range: 9.45 - 10.55
Avg. Daily Volume: 146,000
09/23/16 - 4:00 PM ET

Financial Analysis


ZOGENIX INC's gross profit margin for the second quarter of its fiscal year 2016 has significantly decreased when compared to the same period a year ago. Sales and net income fell significantly, underperforming compared to the average company in its industry. ZOGENIX INC is extremely liquid. Currently, the Quick Ratio is 9.19 which clearly shows the ability to cover any short-term cash needs. ZGNX managed to increase the liquidity from the same period a year ago, despite already having very strong liquidity to begin with. This would indicate improved cash flow.

At the same time, stockholders' equity ("net worth") has greatly increased by 45.21% 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 Q2 FY16 Q2 FY15
Net Sales ($mil)2.097.37
EBITDA ($mil)-16.96-11.91
EBIT ($mil)-17.28-12.33
Net Income ($mil)-18.8372.46


Balance Sheet Q2 FY16 Q2 FY15
Cash & Equiv. ($mil)127.896.43
Total Assets ($mil)271.41246.7
Total Debt ($mil)21.622.04
Equity ($mil)156.95108.08


Profitability Q2 FY16 Q2 FY15
Gross Profit Margin12.8425.98
EBITDA Margin-812.26-161.65
Operating Margin-827.39-167.37
Sales Turnover0.10.11
Return on Assets-19.46.58
Return on Equity-33.96-25.81
Debt Q2 FY16 Q2 FY15
Current Ratio10.583.21
Debt/Capital0.120.17
Interest Expense0.620.9
Interest Coverage-27.73-13.73


Share Data Q2 FY16 Q2 FY15
Shares outstanding (mil)24.7919.18
Div / share0.00.0
EPS-0.74-0.32
Book value / share6.335.64
Institutional Own % n/a n/a
Avg Daily Volume160897.0148951.0

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. To use another comparison, its price-to-book ratio of 1.50 indicates a discount versus the S&P 500 average of 2.82 and a significant discount versus the industry average of 19.66. The price-to-sales ratio is well above the S&P 500 average, but well below the industry average. After reviewing these and other key valuation criteria, ZOGENIX INC 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
ZGNX NM Peers 29.47   ZGNX NM Peers 20.98

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.

ZGNX'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.

ZGNX's P/CF is negative making the measure meaningless.

 
Price/Projected
Earnings
1 2 3 4 5
premium   discount
  Price to
Earnings/Growth
1 2 3 4 5
premium   discount
ZGNX NM Peers 15.05   ZGNX NA Peers 0.54

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.

ZGNX'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
ZGNX 1.50 Peers 19.66   ZGNX -52.77 Peers -20.56

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.

ZGNX 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, ZGNX 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
ZGNX 8.91 Peers 12.73   ZGNX -1.15 Peers 5.56

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.

ZGNX 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.

ZGNX significantly trails its peers on the basis of sales growth

 

 

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