EMCORE Historical Financial Ratios
| EMKR Stock | USD 2.73 0.20 6.83% |
EMCORE is recently reporting on over 109 different financial statement accounts. To analyze all of these accounts together requires a lot of time and effort. However, using these accounts to derive some meaningful and actionable indicators such as PTB Ratio of 0.34 or Days Sales Outstanding of 63.02 will help investors to properly organize and evaluate EMCORE financial condition quickly.
EMCORE |
About EMCORE Financial Ratios Analysis
EMCOREFinancial ratios are relationships based on a company's financial information. They can serve as useful tools to evaluate EMCORE investment potential. Financial ratio analysis can also be defined as the process of presenting financial ratios, which are mathematical indicators calculated by comparing key financial information appearing on EMCORE financial statements. Financial ratios are useful tools that help investors analyze and compare relationships between different pieces of financial information across EMCORE history.
EMCORE Financial Ratios Chart
EMCORE financial ratios usually calculated using numerical values taken directly from EMCORE financial statements such as income statements or balance sheets. They help investors to obtain meaningful information about EMCORE. Most financial ratios help to conduct quantitative analysis to assess vital information about the company's valuation as well as profitability and liquidity indicators such as leverage, growth, profit margins, and different types of rates of return.
At this time, EMCORE's Receivables Turnover is relatively stable compared to the past year. As of 04/28/2024, Graham Number is likely to grow to 67.71, while PTB Ratio is likely to drop 0.34. Add Fundamental
Price To Sales Ratio
Price to Sales Ratio is figured by comparing EMCORE stock price to its revenues. An advantage to using Price to Sales ratio is that it is based on EMCORE sales, a figure that is much harder to manipulate than other EMCORE multiples. Because sales tend to be more stable P/S ratio can be a good tool for screening cyclical companies fluctuating earnings patterns. A valuation ratio that compares a company’s stock price to its revenues, calculated by dividing the company’s market cap by its total sales or revenue over a 12-month period.Dividend Yield
Dividend Yield is EMCORE dividend as a percentage of EMCORE stock price. EMCORE dividend yield is a measure of EMCORE stock productivity, which can be interpreted as interest rate earned on an EMCORE investment. A financial ratio that shows how much a company pays out in dividends each year relative to its stock price, calculated as annual dividends per share divided by price per share.Ptb Ratio
Price-to-Book ratio, a financial valuation metric used to compare a company's current market price to its book value. It provides insight into the value that market participants place on the company's equity relative to its net asset value.Most ratios from EMCORE's fundamentals are interrelated and interconnected. However, analyzing fundamentals ratios one by one will only give a small insight into EMCORE current financial condition. On the other hand, looking into the entire matrix of fundamentals ratios, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. 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.At this time, EMCORE's Receivables Turnover is relatively stable compared to the past year. As of 04/28/2024, Graham Number is likely to grow to 67.71, while PTB Ratio is likely to drop 0.34.
| 2023 | 2024 (projected) | Dividend Yield | 0.0238 | 0.025 | Price To Sales Ratio | 0.29 | 0.27 |
EMCORE fundamentals Correlations
Click cells to compare fundamentals
EMCORE Account Relationship Matchups
High Positive Relationship
High Negative Relationship
EMCORE fundamentals Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Price To Sales Ratio | 0.86 | 1.61 | 0.5 | 0.25 | 0.29 | 0.27 | |
| Ptb Ratio | 1.28 | 1.85 | 0.52 | 0.31 | 0.36 | 0.34 | |
| Days Sales Outstanding | 89.12 | 74.2 | 73.28 | 89.56 | 80.61 | 63.02 | |
| Book Value Per Share | 25.45 | 40.41 | 31.88 | 15.38 | 13.84 | 8.95 | |
| Free Cash Flow Yield | (0.0888) | 0.0228 | (0.058) | (1.45) | (1.66) | (1.58) | |
| Invested Capital | 0.29 | 0.1 | 0.33 | 0.44 | 0.5 | 0.48 | |
| Operating Cash Flow Per Share | (1.34) | 3.28 | 0.79 | (6.53) | (5.88) | (5.58) | |
| Stock Based Compensation To Revenue | 0.0319 | 0.0264 | 0.0368 | 0.0557 | 0.064 | 0.0408 | |
| Capex To Depreciation | (0.82) | (1.32) | (1.37) | (0.38) | (0.34) | (0.36) | |
| Pb Ratio | 1.28 | 1.85 | 0.52 | 0.31 | 0.36 | 0.34 | |
| Ev To Sales | 0.78 | 1.24 | 0.61 | 0.34 | 0.39 | 0.37 | |
| Free Cash Flow Per Share | (2.89) | 1.7 | (0.97) | (6.89) | (6.2) | (5.89) | |
| Roic | (0.0986) | 0.0593 | (0.14) | (0.43) | (0.39) | (0.37) | |
| Net Income Per Share | (2.4) | 7.54 | (6.53) | (14.83) | (13.35) | (12.68) | |
| Payables Turnover | 4.52 | 5.81 | 7.42 | 7.68 | 6.91 | 4.72 | |
| Capex To Revenue | (0.041) | (0.0338) | (0.0529) | (0.019) | (0.0171) | (0.0179) | |
| Cash Per Share | 10.43 | 21.05 | 6.88 | 5.09 | 4.58 | 3.95 | |
| Pocfratio | (24.33) | 22.82 | 21.06 | (0.73) | (0.66) | (0.62) | |
| Capex To Operating Cash Flow | 1.16 | (0.48) | (2.22) | 0.0552 | 0.0635 | 0.0603 | |
| Pfcf Ratio | (11.26) | 43.91 | (17.25) | (0.69) | (0.62) | (0.65) | |
| Days Payables Outstanding | 80.71 | 62.82 | 49.21 | 47.55 | 54.69 | 77.89 | |
| Income Quality | 0.42 | 0.56 | 0.43 | (0.12) | 0.68 | 0.78 | |
| Roe | (0.0944) | 0.19 | (0.2) | (0.96) | (0.87) | (0.91) | |
| Ev To Operating Cash Flow | (21.97) | 17.64 | 25.69 | (0.98) | (0.88) | (0.83) | |
| Pe Ratio | (13.53) | 9.92 | (2.56) | (0.32) | (0.29) | (0.3) | |
| Return On Tangible Assets | (0.0556) | 0.14 | (0.15) | (0.59) | (0.53) | (0.5) | |
| Ev To Free Cash Flow | (10.17) | 33.95 | (21.04) | (0.92) | (0.83) | (0.87) | |
| Earnings Yield | (0.0739) | 0.1 | (0.39) | (3.12) | (3.58) | (3.4) | |
| Intangibles To Total Assets | 0.002147 | 0.001305 | 0.16 | 0.0857 | 0.0771 | 0.088 | |
| Net Debt To E B I T D A | 0.78 | (4.36) | (0.61) | (1.44) | (1.3) | (1.36) | |
| Current Ratio | 3.1 | 5.19 | 3.26 | 3.16 | 2.84 | 2.48 | |
| Tangible Book Value Per Share | 25.36 | 40.34 | 23.73 | 13.01 | 11.7 | 7.63 | |
| Receivables Turnover | 4.1 | 4.92 | 4.98 | 4.08 | 4.69 | 5.26 | |
| Graham Number | 37.09 | 82.78 | 68.44 | 71.65 | 64.49 | 67.71 |
Pair Trading with EMCORE
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if EMCORE position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in EMCORE will appreciate offsetting losses from the drop in the long position's value.Moving together with EMCORE Stock
| 0.68 | KE | Kimball Electronics Financial Report 2nd of May 2024 | PairCorr |
| 0.84 | UI | Ubiquiti Networks Earnings Call This Week | PairCorr |
Moving against EMCORE Stock
| 0.8 | VRME | VerifyMe Financial Report 9th of May 2024 | PairCorr |
| 0.78 | OPTXW | Syntec Optics Holdings Symbol Change | PairCorr |
| 0.76 | NSYS | Nortech Systems rporated | PairCorr |
| 0.68 | DAIO | Data IO | PairCorr |
| 0.65 | IDN | Intellicheck Mobilisa Financial Report 14th of May 2024 | PairCorr |
The ability to find closely correlated positions to EMCORE could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace EMCORE when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back EMCORE - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling EMCORE to buy it.
The correlation of EMCORE is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as EMCORE moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if EMCORE moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for EMCORE can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.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 Pattern Recognition module to use different Pattern Recognition models to time the market across multiple global exchanges.
Complementary Tools for EMCORE Stock analysis
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.
| Portfolio Center All portfolio management and optimization tools to improve performance of your portfolios | |
| My Watchlist Analysis Analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like | |
| Price Exposure Probability Analyze equity upside and downside potential for a given time horizon across multiple markets | |
| Theme Ratings Determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
| Portfolio File Import Quickly import all of your third-party portfolios from your local drive in csv format | |
| Earnings Calls Check upcoming earnings announcements updated hourly across public exchanges | |
| Sectors List of equity sectors categorizing publicly traded companies based on their primary business activities | |
| Portfolio Optimization Compute new portfolio that will generate highest expected return given your specified tolerance for risk | |
| Idea Breakdown Analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes | |
| Transaction History View history of all your transactions and understand their impact on performance | |
| Portfolio Backtesting Avoid under-diversification and over-optimization by backtesting your portfolios | |
| Companies Directory Evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals |
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 (7.90) | Revenue Per Share 15.825 | 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.