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- MULTI-FINELINE ELECTRON INC has exprienced a steep decline in earnings per share in the most recent quarter in comparison to its performance from the same quarter a year ago. Earnings per share have declined over the last year. We anticipate that this should continue in the coming year. During the past fiscal year, MULTI-FINELINE ELECTRON INC reported lower earnings of $1.22 versus $1.56 in the prior year. For the next year, the market is expecting a contraction of 158.6% in earnings (-$0.72 versus $1.22).
- The company, on the basis of change in net income from the same quarter one year ago, has significantly underperformed when compared to that of the S&P 500 and the Electronic Equipment, Instruments & Components industry. The net income has significantly decreased by 297.3% when compared to the same quarter one year ago, falling from $12.10 million to -$23.88 million.
- Return on equity has greatly decreased when compared to its ROE from the same quarter one year prior. This is a signal of major weakness within the corporation. Compared to other companies in the Electronic Equipment, Instruments & Components industry and the overall market, MULTI-FINELINE ELECTRON INC's return on equity significantly trails that of both the industry average and the S&P 500.
- Net operating cash flow has decreased to $47.56 million or 26.76% when compared to the same quarter last year. Despite a decrease in cash flow MULTI-FINELINE ELECTRON INC is still fairing well by exceeding its industry average cash flow growth rate of -45.41%.
- Despite any intermediate fluctuations, we have only bad news to report on this stock's performance over the last year: it has tumbled by 39.81%, worse than the S&P 500's performance. Consistent with the plunge in the stock price, the company's earnings per share are down 300.00% compared to the year-earlier quarter. Turning toward the future, the fact that the stock has come down in price over the past year should not necessarily be interpreted as a negative; it could be one of the factors that may help make the stock attractive down the road. Right now, however, we believe that it is too soon to buy.
-- Written by a member of TheStreet Ratings Staff
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