EMCORE Historical Financial Ratios
| EMKR Stock | USD 2.98 0.02 0.67% |
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 Capex To Depreciation of 0.42 or Pb Ratio of 0.33 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
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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.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.Capex To Depreciation
The ratio of a company's capital expenditures to its depreciation expenses, indicating how much the company is investing in physical assets relative to the aging of existing assets.Roic
Return on Invested Capital, a profitability ratio that measures the return that an investment generates for those who have provided capital, such as debt holders and equity holders.Free Cash Flow Yield
A financial solvency ratio that compares the free cash flow per share a company is expected to earn against its market value per share, calculated as free cash flow per share divided by market price per share.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 closely tied 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 Dividend Yield is relatively stable compared to the past year. As of 01/05/2025, Payout Ratio is likely to grow to 4.48, while PTB Ratio is likely to drop 0.33.
| 2021 | 2022 | 2024 (projected) | PTB Ratio | 0.52 | 0.31 | 0.35 | Price To Sales Ratio | 0.5 | 0.25 | 0.27 |
EMCORE fundamentals Correlations
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EMCORE Account Relationship Matchups
High Positive Relationship
High Negative Relationship
EMCORE fundamentals Accounts
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 (projected) | ||
| Price To Sales Ratio | 0.86 | 1.61 | 0.5 | 0.25 | 0.23 | 0.27 | |
| Ptb Ratio | 1.28 | 1.85 | 0.52 | 0.31 | 0.35 | 0.33 | |
| Capex To Depreciation | 0.82 | 1.32 | 1.37 | 0.38 | 0.44 | 0.42 | |
| Pb Ratio | 1.28 | 1.85 | 0.52 | 0.31 | 0.35 | 0.33 | |
| Roic | (0.12) | 0.0648 | (0.15) | (0.45) | (0.4) | (0.38) | |
| Net Income Per Share | 7.54 | (6.53) | (14.83) | (3.46) | (3.12) | (3.27) | |
| Payables Turnover | 4.52 | 5.81 | 9.1 | 7.68 | 6.91 | 5.33 | |
| Pocfratio | (24.33) | 22.82 | 21.06 | (0.73) | (0.66) | (0.62) | |
| Interest Coverage | 19.7 | (162.07) | (64.9) | 22.47 | 20.22 | 21.23 | |
| Capex To Operating Cash Flow | (1.16) | 0.48 | 2.22 | (0.0552) | (0.0497) | (0.0521) | |
| Pfcf Ratio | (11.26) | 43.91 | (17.25) | (0.69) | (0.62) | (0.65) | |
| Income Quality | 0.42 | 0.56 | 0.43 | (0.12) | 0.68 | 0.78 | |
| Roe | (0.0944) | 0.19 | (0.2) | (0.95) | (0.86) | (0.9) | |
| Ev To Operating Cash Flow | (21.97) | 17.64 | 25.69 | (0.98) | (0.88) | (0.83) | |
| Pe Ratio | 9.92 | (2.56) | (0.32) | (0.64) | (0.57) | (0.6) | |
| Return On Tangible Assets | (0.0556) | 0.14 | (0.15) | (0.58) | (0.52) | (0.5) | |
| Ev To Free Cash Flow | (10.17) | 33.95 | (21.04) | (0.92) | (0.83) | (0.87) | |
| Earnings Yield | 0.1 | (0.39) | (3.12) | (1.57) | (1.8) | (1.71) | |
| Intangibles To Total Assets | 0.002147 | 0.001305 | 0.16 | 0.0851 | 0.0766 | 0.088 | |
| Current Ratio | 3.1 | 5.19 | 3.26 | 3.21 | 2.89 | 2.48 | |
| Receivables Turnover | 4.1 | 4.92 | 7.04 | 4.08 | 4.69 | 5.49 | |
| Debt To Equity | 0.1 | 0.008715 | 0.27 | 0.35 | 0.4 | 0.38 | |
| Revenue Per Share | 46.57 | 33.31 | 18.97 | 9.52 | 8.57 | 10.94 | |
| Debt To Assets | 0.0593 | 0.006626 | 0.17 | 0.2 | 0.22 | 0.28 | |
| Days Sales Outstanding | 89.12 | 74.2 | 51.83 | 89.56 | 80.61 | 61.14 | |
| Book Value Per Share | 25.45 | 40.41 | 31.88 | 15.59 | 14.03 | 8.99 | |
| Free Cash Flow Yield | (0.0888) | 0.0228 | (0.058) | (1.45) | (1.66) | (1.58) | |
| 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 | 0.0413 | |
| 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) | |
| Capex To Revenue | 0.041 | 0.0338 | 0.0529 | 0.019 | 0.0218 | 0.0208 | |
| Cash Per Share | 10.43 | 21.05 | 6.88 | 5.18 | 4.67 | 3.95 | |
| Days Payables Outstanding | 80.71 | 62.82 | 40.13 | 47.55 | 54.69 | 75.15 | |
| Net Debt To E B I T D A | 0.56 | 6.79 | (1.91) | (0.35) | (0.43) | (0.41) |
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
Moving against EMCORE Stock
| 0.83 | PKX | POSCO Holdings | PairCorr |
| 0.77 | PHJMF | PT Hanjaya Mandala | PairCorr |
| 0.72 | JNPR | Juniper Networks | PairCorr |
| 0.67 | PTAIY | Astra International Tbk | PairCorr |
| 0.5 | MU | Micron Technology | 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.Additional 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.