Zogenix Inc

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ZGNX : NASDAQ : Health Care
$10.45 | %
Today's Range: 10.335 - 10.9
Avg. Daily Volume: 307100.0
03/24/17 - 4:00 PM ET

Financial Analysis


ZOGENIX INC's gross profit margin for the fourth quarter of its fiscal year 2016 has significantly increased when compared to the same period a year ago. Even though sales increased, the net income has decreased, representing a decrease to the bottom line. ZOGENIX INC is extremely liquid. Currently, the Quick Ratio is 5.13 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 33.92% 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 FY16 Q4 FY15
Net Sales ($mil)10.996.08
EBITDA ($mil)0.0-13.83
EBIT ($mil)-15.89-14.22
Net Income ($mil)-23.49-8.84


Balance Sheet Q4 FY16 Q4 FY15
Cash & Equiv. ($mil)91.55165.35
Total Assets ($mil)231.51305.99
Total Debt ($mil)22.0922.39
Equity ($mil)120.76182.76


Profitability Q4 FY16 Q4 FY15
Gross Profit Margin45.4925.03
EBITDA Margin0.0-227.39
Operating Margin-144.59-233.76
Sales Turnover0.120.09
Return on Assets-30.118.54
Return on Equity-56.87-22.81
Debt Q4 FY16 Q4 FY15
Current Ratio5.96.14
Debt/Capital0.150.11
Interest Expense0.590.7
Interest Coverage-26.74-20.31


Share Data Q4 FY16 Q4 FY15
Shares outstanding (mil)24.8124.77
Div / share0.00.0
EPS-0.95-0.48
Book value / share4.877.38
Institutional Own % n/a n/a
Avg Daily Volume304803.0217616.0

Valuation


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. To use another comparison, its price-to-book ratio of 2.14 indicates a discount versus the S&P 500 average of 2.93 and a significant discount versus the industry average of 12.52. 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 45.92   ZGNX NA Peers 18.88

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 is the stock’s price divided by the sum of the company's cash flow from operations. It is useful for comparing companies with different capital requirements or financing structures.

Ratio not available.

 
Price/Projected
Earnings
1 2 3 4 5
premium   discount
  Price to
Earnings/Growth
1 2 3 4 5
premium   discount
ZGNX NM Peers 14.67   ZGNX NA Peers 1.21

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 2.14 Peers 12.52   ZGNX -43.52 Peers -2.47

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 8.94 Peers 14.79   ZGNX 6.13 Peers 4.55

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.

 

Higher. A sales growth rate that exceeds the industry implies that a company is gaining market share.

ZGNX has a sales growth rate that significantly exceeds its peers.

 

 

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