EMCORE CORP (EMKR)
US2908464017 - Common Stock
Taking everything into account, EMKR scores 2 out of 10 in our fundamental rating. EMKR was compared to 54 industry peers in the Communications Equipment industry. Both the profitability and financial health of EMKR have multiple concerns. EMKR is quite expensive at the moment. It does show a decent growth rate.
1. Profitability
1.1 Basic Checks
In the past year EMKR has reported negative net income.
EMKR had a negative operating cash flow in the past year.
In the past 5 years EMKR reported 4 times negative net income.
The reported operating cash flow has been mixed in the past 5 years: EMKR reported negative operating cash flow in multiple years.
1.2 Ratios
The Return On Assets of EMKR (-76.29%) is worse than 94.44% of its industry peers.
EMKR has a worse Return On Equity (-136.70%) than 83.33% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -76.29% | ||
| ROE | -136.7% | ||
| ROIC | N/A |
ROA(3y)-17.02%
ROA(5y)-17.89%
ROE(3y)-31.9%
ROE(5y)-30.42%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
The Gross Margin of EMKR (20.92%) is worse than 92.59% of its industry peers.
In the last couple of years the Gross Margin of EMKR has grown nicely.
The Profit Margin and Operating Margin are not available for EMKR so they could not be analyzed.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | N/A | ||
| PM (TTM) | N/A | ||
| GM | 20.92% |
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-9.53%
GM growth 5Y2.07%
2. Health
2.1 Basic Checks
EMKR does not have a ROIC to compare to the WACC, probably because it is not profitable.
Compared to 1 year ago, EMKR has more shares outstanding
The number of shares outstanding for EMKR has been increased compared to 5 years ago.
Compared to 1 year ago, EMKR has a worse debt to assets ratio.
2.2 Solvency
EMKR has an Altman-Z score of -4.37. This is a bad value and indicates that EMKR is not financially healthy and even has some risk of bankruptcy.
Looking at the Altman-Z score, with a value of -4.37, EMKR is doing worse than 75.93% of the companies in the same industry.
A Debt/Equity ratio of 0.10 indicates that EMKR is not too dependend on debt financing.
With a Debt to Equity ratio value of 0.10, EMKR perfoms like the industry average, outperforming 59.26% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.1 | ||
| Debt/FCF | N/A | ||
| Altman-Z | -4.37 |
ROIC/WACCN/A
WACC9.38%
2.3 Liquidity
EMKR has a Current Ratio of 3.11. This indicates that EMKR is financially healthy and has no problem in meeting its short term obligations.
EMKR's Current ratio of 3.11 is fine compared to the rest of the industry. EMKR outperforms 74.07% of its industry peers.
A Quick Ratio of 1.95 indicates that EMKR should not have too much problems paying its short term obligations.
EMKR has a Quick ratio of 1.95. This is in the better half of the industry: EMKR outperforms 72.22% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 3.11 | ||
| Quick Ratio | 1.95 |
3. Growth
3.1 Past
The earnings per share for EMKR have decreased strongly by -197.14% in the last year.
The Revenue has grown by 64.12% in the past year. This is a very strong growth!
EMKR shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 2.68% yearly.
EPS 1Y (TTM)-197.14%
EPS 3YN/A
EPS 5YN/A
EPS growth Q2Q-36.36%
Revenue 1Y (TTM)64.12%
Revenue growth 3Y-3.9%
Revenue growth 5Y2.68%
Revenue growth Q2Q-3.31%
3.2 Future
EMKR is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 37.77% yearly.
The Revenue is expected to grow by 5.57% on average over the next years.
EPS Next Y56.65%
EPS Next 2Y37.77%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year-1.24%
Revenue Next 2Y5.57%
Revenue Next 3YN/A
Revenue Next 5YN/A
3.3 Evolution
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
4. Valuation
4.1 Price/Earnings Ratio
EMKR reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
Also next year EMKR is expected to report negative earnings again, which makes the also the Forward Price/Earnings Ratio negative.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | N/A |
4.2 Price Multiples
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
EMKR's earnings are expected to grow with 37.77% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y37.77%
EPS Next 3YN/A
5. Dividend
5.1 Amount
EMKR does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
EMCORE CORP
NASDAQ:EMKR (4/19/2024, 7:00:02 PM)
After market: 2.85 +0.16 (+5.95%)2.69
-0.16 (-5.61%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryCommunications Equipment
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap207.99M
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
Avg EPS beat(2)
Min EPS beat(2)
Max EPS beat(2)
EPS beat(4)
Avg EPS beat(4)
Min EPS beat(4)
Max EPS beat(4)
EPS beat(8)
Avg EPS beat(8)
EPS beat(12)
Avg EPS beat(12)
EPS beat(16)
Avg EPS beat(16)
Revenue beat(2)
Avg Revenue beat(2)
Min Revenue beat(2)
Max Revenue beat(2)
Revenue beat(4)
Avg Revenue beat(4)
Min Revenue beat(4)
Max Revenue beat(4)
Revenue beat(8)
Avg Revenue beat(8)
Revenue beat(12)
Avg Revenue beat(12)
Revenue beat(16)
Avg Revenue beat(16)
PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
Revenue NQ rev (3m)
Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | N/A | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -76.29% | ||
| ROE | -136.7% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | N/A | ||
| PM (TTM) | N/A | ||
| GM | 20.92% | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover1.3
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.1 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 3.11 | ||
| Quick Ratio | 1.95 | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
Growth
EPS 1Y (TTM)-197.14%
EPS 3YN/A
EPS 5Y
EPS growth Q2Q
EPS Next Y56.65%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)64.12%
Revenue growth 3Y-3.9%
Revenue growth 5Y
Revenue growth Q2Q
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y