EMCORE Financials

EMKR Stock  USD 0.35  0.01  2.78%   
Based on the measurements of operating efficiency obtained from EMCORE's historical financial statements, EMCORE is not in a good financial situation at this time. It has a very high probability of going through financial hardship in April. At this time, EMCORE's Cash is relatively stable compared to the past year. As of 03/29/2024, Non Current Assets Total is likely to grow to about 59.5 M, while Retained Earnings are likely to drop (660.1 M). Key indicators impacting EMCORE's financial strength include:
Current ValueLast YearChange From Last Year 10 Year Trend
Debt Equity Ratio0.480.5
Sufficiently Down
Slightly volatile
Current Ratio2.482.84
Fairly Down
Pretty Stable
The financial analysis of EMCORE is a critical element in measuring its lifeblood. The essential information of the day-to-day investment outlook for EMCORE includes many different criteria found on its balance sheet. For example, investors should never minimize EMCORE's ability to pay suppliers or employees on time, making sure interest payments are not accumulating or correctly timing where and how to re-invest extra cash. Any individual investor needs to monitor EMCORE's cash flow, debt, and profitability to effectively and accurately make more informed decisions on whether to invest in EMCORE.

Net Income

(83.48 Million)

With this module, you can analyze EMCORE financials for your investing period. You should be able to track the changes in EMCORE individual financial statements over time to develop the understanding of its risk, liquidity, profitability, or other critical and vital indicators.
  
Understanding current and past EMCORE Financials, including the trends in assets, liabilities, equity and income are directly related to making proper and timely investing decisions. All of EMCORE's financial statements are interrelated, with each one affecting the others. For example, an increase in EMCORE's assets may result in an increase in income on the income statement.
Evaluating EMCORE's financials involves analyzing a range of financial metrics and ratios to gain insights into the company's financial health and performance. However, considering all of EMCORE's profitability, liquidity ratios, and efficiency indicators at the same time could be an enormous task, and our Financial Distress score can provide you with a snapshot of the EMCORE's relative financial performance

Chance Of Distress

Over 84

 
100  
 
Zero
Very High
EMCORE has more than 84 (%) percent chance of experiencing financial distress in the next two years of operations. The calculation of odds of distress for EMCORE stock is tightly coupled with the Probability of Bankruptcy. It complements the equity performance score by supplying investors with insight into company financials without requiring them to know too much about all of the complex accounting and financial indicators surrounding the entity.
Please note, EMCORE's odds of distress score SHOULD NOT be confused with the real chance of EMCORE filing for bankruptcy protection for chapters 7, 11, 12, or 13. We define Financial Distress as an operational condition where an entity such as EMCORE is having difficulty meeting its current financial obligations towards its creditors or delivering on the expectations of its investors. Macroaxis derives these conditions daily from public financial statements and analysis of stock prices reacting to market conditions or economic downturns, including short-term and long-term historical volatility. Other factors considered include EMCORE's liquidity analysis, revenue patterns, R&D expenses, and commitments, as well as public headlines and social sentiment.
More Info
The data published in EMCORE's official financial statements usually reflect EMCORE's business processes, product offerings, services, and other fundamental events. But there are other numbers, ratios, or fundamental indicators derived from these statements that are easier to understand and visualize within the underlying realities that drive quantitative information of EMCORE. For example, before you start analyzing numbers published by EMCORE accountants, it's critical to develop an understanding of what EMCORE's liquidity, profitability, and earnings quality are in the context of the Communications Equipment space in which it operates.
Please note, the presentation of EMCORE's financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, EMCORE's management is honest, while the outside auditors are strict and uncompromising. Whatever the case, the imprecision that can be found in EMCORE's accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of EMCORE. Please utilize our Beneish M Score to check the likelihood of EMCORE's management manipulating its earnings.

EMCORE Company Summary

EMCORE competes with American Airlines, Apogee Enterprises, United Airlines, Olympic Steel, and Eldorado Gold. EMCORE Corporation, together with its subsidiaries, provides advanced mixed-signal optics products in the United States, Canada, Asia, Europe, and internationally. EMCORE Corporation was founded in 1984 and is headquartered in Alhambra, California. Emcore Corp operates under Semiconductors classification in the United States and is traded on NASDAQ Exchange. It employs 365 people.
Specialization
Information Technology, Technology Hardware & Equipment
InstrumentUSA Stock View All
ExchangeNASDAQ Exchange
CIK Number0000808326
ISINUS2908462037
CUSIP290846203 290846104
RegionNorth America
LocationCalifornia; U.S.A
Business Address2015 W Chestnut
SectorCommunications Equipment
IndustryInformation Technology
BenchmarkNYSE Composite
Websiteemcore.com
Phone626 293 3400
CurrencyUSD - US Dollar
You should never invest in EMCORE without having analyzed its financial statements. Do not rely on someone else's analysis or guesses about the future performance of EMCORE Stock, because this is throwing your money away. Analyzing the key information contained in EMCORE's financial statements can give you an edge over other investors and help to ensure that your investments perform well for you.

EMCORE Key Financial Ratios

Generally speaking, EMCORE's financial ratios allow both analysts and investors to convert raw data from EMCORE's financial statements into concise, actionable information that can be used to evaluate the performance of EMCORE over time and compare it to other companies across industries. There are many critical financial ratios that investors are exposed to on a daily basis, but they are usually grouped into few meaningful categories from each financial statement that EMCORE reports annually and quarterly.

EMCORE Key Balance Sheet Accounts

201920202021202220232024 (projected)
Total Assets126.2M180.8M189.1M142.9M128.6M145.7M
Other Current Liab11.1M9.6M8.1M13.6M12.2M10.0M
Net Debt(9.2M)(57.7M)13.7M8.3M7.5M7.9M
Retained Earnings(623.4M)(597.8M)(622.1M)(698.5M)(628.7M)(660.1M)
Accounts Payable16.5M16.7M12.7M9.7M11.1M18.5M
Cash30.4M71.6M25.6M26.2M30.1M35.0M
Net Receivables26.9M32.2M24.9M24.0M27.6M29.6M
Inventory25.5M32.3M37.0M28.9M33.2M29.4M
Other Current Assets7.3M8.2M7.6M556K639.4K607.4K
Total Liab52.1M43.3M70.3M63.6M57.3M62.1M
Total Current Assets90.1M144.3M95.2M91.0M104.6M117.3M
Short Term Debt992K1.2M3.1M3.9M4.5M8.0M
Intangible Assets202K167K14.8M12.2M11.0M7.1M
Common Stock744.4M782.3M787.3M825.1M948.9M658.3M
Other Liab2.1M2.8M2.8M4.8M4.3M2.7M
Other Assets62K242K225K2.4M2.1M3.5M
Net Tangible Assets76.4M73.9M137.2M86.1M99.1M103.7M

EMCORE Key Income Statement Accounts

An income statement is very similar to a cash flow statement, but instead of showing net revenue minus expenses, it only includes earnings before interest and taxes (EBIT). This number does not have all of the same line items that are on a cash flow statement, but it leaves out non-cash expenses like depreciation and amortization. For example, if you bought $100 worth of goods from Walmart (WMT) using your debit card that has an interest rate of 20%, then paid off the balance at the end of the month with a credit card that charges 30% interest, you would have an income statement showing EBIT of $80 because your expenses are lower than the amount that went into your pocket. The other reason investors look at the income statement is to determine what EMCORE's earnings per share (EPS) will be in order to see if they want to buy more shares or not. For example, if a company earned $20 million in the last quarter and has 100,000 shares outstanding, its EPS is 20 cents. If you find that this number beats analysts' forecasts or is higher than it was from the same period last year, then you might want to buy more of this stock even though its price per share may not have changed.
201920202021202220232024 (projected)
Interest Expense104K466K139K(751K)(863.7K)(820.5K)
Total Revenue110.1M158.4M124.1M97.7M112.4M135.5M
Gross Profit35.6M61.5M29.7M23.4M26.9M31.1M
Operating Income(9.3M)9.2M(22.5M)(48.7M)(56.1M)(58.9M)
Ebit(9.3M)9.2M(22.5M)(48.7M)(43.9M)(41.7M)
Ebitda(11.8M)13.2M(22.4M)(5.8M)(5.2M)(5.4M)
Cost Of Revenue74.5M97.0M94.4M74.3M85.5M104.5M
Income Before Tax(6.9M)26.2M(24.5M)(49.4M)(56.8M)(59.6M)
Net Income(7M)25.6M(24.3M)(76.4M)(87.9M)(83.5M)
Income Tax Expense60K572K(139K)42K37.8K35.9K
Research Development20.3M17.4M18.5M17.9M16.1M18.0M
Tax Provision60K572K(139K)42K48.3K50.7K
Net Interest Income(104K)466K(139K)(751K)(675.9K)(642.1K)

EMCORE Key Cash Accounts

Cash flow analysis captures how much money flows into and out of EMCORE. It measures of how well EMCORE is doing because it can show the actual money that comes into and out of the Company from sales instead of measuring expenses against revenue to determine earnings. You have to read the cash flow statement in three sections. The first section shows how much money EMCORE brought in, usually known as net revenue or sales. This is different from earnings because it does not include expenses when determining net revenue for use on this part of the cash flow statement. Next, are operating activities, which show how much money EMCORE had leftover after paying for its expenses. This number can be calculated in two ways: by subtracting the total of all operating expenses from net revenue or by adding up changes to cash and other assets or liabilities on this part of the statement. The third section is about investing activities, which shows what EMCORE has done with the money that it received from the sale of assets or what it spent to acquire new ones. This section can be broken down into two parts: investing in existing businesses (in other words, buying more stock) and investing in non-business activities like paying off debt or making acquisitions.
201920202021202220232024 (projected)
Change To Inventory(1.2M)(6.3M)6.2M(6.0M)(6.9M)(6.5M)
Change In Cash8.6M41.1M(45.5M)1.1M978.3K929.4K
Free Cash Flow(8.4M)5.8M(3.6M)(35.5M)(40.8M)(42.9M)
Depreciation5.5M4.1M4.8M4.8M4.4M7.6M
Other Non Cash Items(342K)(658K)1.2M10.0M9.0M9.4M
Capital Expenditures4.5M5.4M6.6M1.9M1.7M1.6M
Net Income(7M)25.6M(24.3M)(49.4M)(56.8M)(54.0M)
End Period Cash Flow30.5M71.7M26.1M26.7M30.7M37.1M
Investments10.9M(3.8M)(62.7M)9.5M8.5M8.9M
Change To Netincome10.2M6.9M8.5M6.6M7.6M8.0M

EMCORE Financial Ratios Relationships

Comparative valuation techniques use various fundamental indicators to help in determining EMCORE's current stock value. Our valuation model uses many indicators to compare EMCORE value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across EMCORE competition to find correlations between indicators driving EMCORE's intrinsic value. More Info.
EMCORE is one of the top stocks in beta category among related companies. It is one of the top stocks in current liabilities category among related companies creating about  11,871,912  of Current Liabilities per Beta. As of 03/29/2024, Total Current Liabilities is likely to grow to about 43 M, while Non Current Liabilities Total is likely to drop slightly above 30.6 M.. Comparative valuation analysis is a catch-all model that can be used if you cannot value EMCORE by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for EMCORE's Stock . Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the EMCORE's earnings, one of the primary drivers of an investment's value.

EMCORE Systematic Risk

EMCORE's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. EMCORE volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
Incorrect Input. Please change your parameters or increase the time horizon required for running this function. The output start index for this execution was zero with a total number of output elements of zero. The Beta measures systematic risk based on how returns on EMCORE correlated with the market. If Beta is less than 0 EMCORE generally moves in the opposite direction as compared to the market. If EMCORE Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one EMCORE is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of EMCORE is generally in the same direction as the market. If Beta > 1 EMCORE moves generally in the same direction as, but more than the movement of the benchmark.

About EMCORE Financials

What exactly are EMCORE Financials? Typically, a company's financial statements are the reports that show the financial position of the company. Three primary documents fall into the category of financial statements. These documents include EMCORE's income statement, its balance sheet, and the statement of cash flows. Potential EMCORE investors and stakeholders use financial statements to determine how well the company is positioned to perform in the future. Although EMCORE investors may use each financial statement separately, they are all related. The changes in EMCORE's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on EMCORE's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. Please read more on our technical analysis and fundamental analysis pages.

Steps to analyze EMCORE Financials for Investing

There are several different ways that investors can use financial statements to try and predict whether a stock price will go up or down. Unfortunately, there is no surefire formula, but there are some general guidelines you should consider when looking at the numbers. First, realize what kind of company it is so you know if its revenues are more likely to grow or shrink over time. For example, a software company's revenue is expected to increase yearly due to new products and services that its customers will want to buy. At the same time, a car manufacturer might not be able to sell as many cars when the economy slows down, so it would have less net income during those times. Second, pay attention to its debt-to-equity ratio because this number will tell you how much risk it has. If a company such as EMCORE is not taking on any additional risks, its debt-to-equity should be less than one. As a general rule of thumb, if the market value or book value (which can be found in the footnotes) of assets exceeds the company's liabilities, then it is probably in good shape. Finally, use other financial statements to determine if a stock price will go up or down because investors are always looking for growth opportunities when they buy new stocks. For example, if you see that the net revenue of EMCORE has grown by more than 25% over the last five years, then there is a good chance that it will continue growing by at least 20% or more each year. On the other hand, if you see that net revenue has only increased by about 15%, which is barely above inflation levels, then chances are it will not grow much faster than this over time, and investors may shy away from buying it.
In summary, you can determine if EMCORE's financials are consistent with your investment objective using the following steps:
  • Review EMCORE's balance sheet accounts, such as liabilities and equity, to understand its overall financial position.
  • Analyze the income statement and examine the company's revenue, expenses, and profits over time to determine its financial performance.
  • Study the cash flow inflows and outflows to understand EMCORE's liquidity and solvency.
  • Look at the growth rates in revenue, earnings, and cash flow over time to determine its potential for future growth.
  • Compare EMCORE's financials to those of its peers to see how it stacks up and identify any potential red flags.
  • Use valuation ratios to evaluate the company's financials using commonly used ratios such as the price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and enterprise value-to-earnings before interest, taxes, depreciation, and amortization (EV/EBITDA) ratio to determine if EMCORE's stock is overvalued or undervalued.
Remember, these are just guidelines and should not be the only basis for investment decisions. It is always important to analyze the leading stock market indicators., conduct additional research and seek professional advice if needed.

EMCORE Thematic Clasifications

EMCORE is part of Electronic Equipment investing theme. If you are a theme-oriented, socially responsible, and at the same time, a result-driven investor, you can align your investing habits with your values without jeopardizing your expectations about returns. You can easily create an optimal portfolio of stocks, ETFs, funds, or cryptocurrencies based on a specific theme of your liking. USA Equities from Electronic Equipment industry as classified by Fama & French. Fama and French investing themes focus on testing asset pricing under different economic assumptions
Electronic EquipmentView
This theme covers USA Equities from Electronic Equipment industry as classified by Fama & French. Fama and French investing themes focus on testing asset pricing under different economic assumptions. Get More Thematic Ideas
Today, most investors in EMCORE Stock are looking for potential investment opportunities by analyzing not only static indicators but also various EMCORE's growth ratios. Consistent increases or decreases in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's growth growth rates may not be enough to decide which company is a better investment. That's why investors frequently use static breakdown of EMCORE growth as a starting point in their analysis.

Price Earnings To Growth Ratio

(0.003031)

At this time, EMCORE's Price Earnings To Growth Ratio is relatively stable compared to the past year.

EMCORE March 29, 2024 Opportunity Range

Along with financial statement analysis, the daily predictive indicators of EMCORE help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of EMCORE. We use our internally-developed statistical techniques to arrive at the intrinsic value of EMCORE based on widely used predictive technical indicators. In general, we focus on analyzing EMCORE Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build EMCORE's daily price indicators and compare them against related drivers.
When determining whether EMCORE is a strong investment it is important to analyze EMCORE's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact EMCORE's future performance. For an informed investment choice regarding EMCORE Stock, refer to the following important reports:
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in EMCORE. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in industry.
To learn how to invest in EMCORE Stock, please use our How to Invest in EMCORE guide.
You can also try the Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.

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When running EMCORE's price analysis, check to measure EMCORE's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy EMCORE is operating at the current time. Most of EMCORE's value examination focuses on studying past and present price action to predict the probability of EMCORE's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move EMCORE's price. Additionally, you may evaluate how the addition of EMCORE to your portfolios can decrease your overall portfolio volatility.
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Is EMCORE's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of EMCORE. If investors know EMCORE will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about EMCORE listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.25)
Earnings Share
(0.75)
Revenue Per Share
1.582
Quarterly Revenue Growth
0.207
Return On Assets
(0.07)
The market value of EMCORE is measured differently than its book value, which is the value of EMCORE that is recorded on the company's balance sheet. Investors also form their own opinion of EMCORE's value that differs from its market value or its book value, called intrinsic value, which is EMCORE's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because EMCORE's market value can be influenced by many factors that don't directly affect EMCORE's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between EMCORE's value and its price as these two are different measures arrived at by different means. Investors typically determine if EMCORE is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, EMCORE's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.