EMCORE CORP (EMKR)

US2908464017 - Common Stock

3.04  +0.04 (+1.33%)

After market: 3.0694 +0.03 (+0.97%)

Fundamental Rating

2

Taking everything into account, EMKR scores 2 out of 10 in our fundamental rating. EMKR was compared to 51 industry peers in the Communications Equipment industry. Both the profitability and financial health of EMKR have multiple concerns. EMKR does not seem to be growing, but still is valued expensively.



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1

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.
In multiple years EMKR reported negative operating cash flow during the last 5 years.

1.2 Ratios

Looking at the Return On Assets, with a value of -64.29%, EMKR is doing worse than 96.08% of the companies in the same industry.
EMKR has a Return On Equity of -133.38%. This is amonst the worse of the industry: EMKR underperforms 80.39% of its industry peers.
Industry RankSector Rank
ROA -64.29%
ROE -133.38%
ROIC N/A
ROA(3y)-17.02%
ROA(5y)-17.89%
ROE(3y)-31.94%
ROE(5y)-30.43%
ROIC(3y)N/A
ROIC(5y)N/A

1.3 Margins

With a Gross Margin value of 27.48%, EMKR is not doing good in the industry: 76.47% of the companies in the same industry are doing better.
EMKR's Gross Margin has improved in the last couple of years.
EMKR does not have Profit Margin and Operating Margin available, so we won't be analyzing them here.
Industry RankSector Rank
OM N/A
PM (TTM) N/A
GM 27.48%
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-9.51%
GM growth 5Y2.09%

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3

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
Compared to 5 years ago, EMKR has more shares outstanding
The debt/assets ratio for EMKR is higher compared to a year ago.

2.2 Solvency

EMKR has an Altman-Z score of -8.07. This is a bad value and indicates that EMKR is not financially healthy and even has some risk of bankruptcy.
EMKR has a Altman-Z score of -8.07. This is amonst the worse of the industry: EMKR underperforms 80.39% of its industry peers.
EMKR has a Debt/Equity ratio of 0.14. This is a healthy value indicating a solid balance between debt and equity.
EMKR's Debt to Equity ratio of 0.14 is fine compared to the rest of the industry. EMKR outperforms 60.78% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.14
Debt/FCF N/A
Altman-Z -8.07
ROIC/WACCN/A
WACC8.18%

2.3 Liquidity

A Current Ratio of 2.88 indicates that EMKR has no problem at all paying its short term obligations.
EMKR has a better Current ratio (2.88) than 70.59% of its industry peers.
EMKR has a Quick Ratio of 1.64. This is a normal value and indicates that EMKR is financially healthy and should not expect problems in meeting its short term obligations.
Looking at the Quick ratio, with a value of 1.64, EMKR is in the better half of the industry, outperforming 64.71% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 2.88
Quick Ratio 1.64

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3

3. Growth

3.1 Past

EMKR shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 85.73%, which is quite impressive.
The Revenue has grown by 414.48% in the past year. This is a very strong growth!
Measured over the past years, EMKR shows a small growth in Revenue. The Revenue has been growing by 2.68% on average per year.
EPS 1Y (TTM)85.73%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%62.31%
Revenue 1Y (TTM)414.48%
Revenue growth 3Y-3.91%
Revenue growth 5Y2.68%
Sales Q2Q%-23.46%

3.2 Future

Based on estimates for the next years, EMKR will show a very strong growth in Earnings Per Share. The EPS will grow by 38.95% on average per year.
EMKR is expected to show a decrease in Revenue. In the coming years, the Revenue will decrease by -6.42% yearly.
EPS Next Y84.79%
EPS Next 2Y38.95%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year-18.21%
Revenue Next 2Y-6.42%
Revenue Next 3YN/A
Revenue Next 5YN/A

3.3 Evolution

The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.

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1

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 RankSector Rank
PE N/A
Fwd PE N/A

4.2 Price Multiples

Industry RankSector Rank
P/FCF N/A
EV/EBITDA N/A

4.3 Compensation for Growth

EMKR's earnings are expected to grow with 38.95% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y38.95%
EPS Next 3YN/A

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0

5. Dividend

5.1 Amount

No dividends for EMKR!.
Industry RankSector Rank
Dividend Yield N/A

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EMCORE CORP

NASDAQ:EMKR (12/23/2024, 6:56:18 PM)

After market: 3.0694 +0.03 (+0.97%)

3.04

+0.04 (+1.33%)

Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryCommunications Equipment
Earnings (Last)12-10 2024-12-10/amc
Earnings (Next)02-06 2025-02-06/amc
Inst Owners9.58%
Inst Owner Change74.63%
Ins Owners25.31%
Ins Owner Change0.77%
Market Cap27.57M
Analysts47.5
Price Target3.16 (3.95%)
Short Float %1.03%
Short Ratio0.23
Dividend
Industry RankSector Rank
Dividend Yield N/A
Dividend Growth(5Y)N/A
DP0%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-54.36%
Min EPS beat(2)-182.58%
Max EPS beat(2)73.86%
EPS beat(4)2
Avg EPS beat(4)-23.54%
Min EPS beat(4)-182.58%
Max EPS beat(4)73.86%
EPS beat(8)3
Avg EPS beat(8)-19.65%
EPS beat(12)3
Avg EPS beat(12)-31.53%
EPS beat(16)7
Avg EPS beat(16)-7.27%
Revenue beat(2)1
Avg Revenue beat(2)-8.91%
Min Revenue beat(2)-19.31%
Max Revenue beat(2)1.48%
Revenue beat(4)1
Avg Revenue beat(4)-7.59%
Min Revenue beat(4)-19.31%
Max Revenue beat(4)1.48%
Revenue beat(8)2
Avg Revenue beat(8)-45.79%
Revenue beat(12)2
Avg Revenue beat(12)-31.73%
Revenue beat(16)4
Avg Revenue beat(16)-23.61%
PT rev (1m)3.33%
PT rev (3m)210%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0%
EPS NY rev (1m)0%
EPS NY rev (3m)13.47%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE N/A
P/S 0.3
P/FCF N/A
P/OCF N/A
P/B 0.53
P/tB 0.66
EV/EBITDA N/A
EPS(TTM)-1.17
EYN/A
EPS(NY)-0.39
Fwd EYN/A
FCF(TTM)-2.46
FCFYN/A
OCF(TTM)-2.41
OCFYN/A
SpS10.03
BVpS5.76
TBVpS4.57
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA -64.29%
ROE -133.38%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) N/A
GM 27.48%
FCFM N/A
ROA(3y)-17.02%
ROA(5y)-17.89%
ROE(3y)-31.94%
ROE(5y)-30.43%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-9.51%
GM growth 5Y2.09%
F-Score3
Asset Turnover0.84
Health
Industry RankSector Rank
Debt/Equity 0.14
Debt/FCF N/A
Debt/EBITDA N/A
Cap/Depr 17.47%
Cap/Sales 0.53%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 2.88
Quick Ratio 1.64
Altman-Z -8.07
F-Score3
WACC8.18%
ROIC/WACCN/A
Cap/Depr(3y)116.14%
Cap/Depr(5y)116.37%
Cap/Sales(3y)4.03%
Cap/Sales(5y)5.71%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)85.73%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%62.31%
EPS Next Y84.79%
EPS Next 2Y38.95%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)414.48%
Revenue growth 3Y-3.91%
Revenue growth 5Y2.68%
Sales Q2Q%-23.46%
Revenue Next Year-18.21%
Revenue Next 2Y-6.42%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y78.93%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year42.42%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-507.82%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-273.82%
OCF growth 3YN/A
OCF growth 5YN/A