Harmonic Inc. (HLIT)
Harmonic Statistics
Share Statistics
Harmonic has 117.05M shares outstanding. The number of shares has increased by 4.13% in one year.
| Shares Outstanding | 117.05M |
| Shares Change (YoY) | 4.13% |
| Shares Change (QoQ) | 0.17% |
| Owned by Institutions (%) | 94.68% |
| Shares Floating | 113.31M |
| Failed to Deliver (FTD) Shares | 207 |
| FTD / Avg. Volume | 0.02% |
Short Selling Information
The latest short interest is 2.94M, so 2.52% of the outstanding shares have been sold short.
| Short Interest | 2.94M |
| Short % of Shares Out | 2.52% |
| Short % of Float | 2.61% |
| Short Ratio (days to cover) | 2.75 |
Valuation Ratios
The PE ratio is 38.84 and the forward PE ratio is 12.48. Harmonic's PEG ratio is -0.71.
| PE Ratio | 38.84 |
| Forward PE | 12.48 |
| PS Ratio | 2.24 |
| Forward PS | 1.4 |
| PB Ratio | 3.27 |
| P/FCF Ratio | 28.88 |
| PEG Ratio | -0.71 |
Enterprise Valuation
Harmonic Inc. has an Enterprise Value (EV) of 1.53B.
| EV / Earnings | 38.96 |
| EV / Sales | 2.25 |
| EV / EBITDA | 19.74 |
| EV / EBIT | 24.2 |
| EV / FCF | 28.97 |
Financial Position
The company has a current ratio of 2.18, with a Debt / Equity ratio of 0.29.
| Current Ratio | 2.18 |
| Quick Ratio | 1.8 |
| Debt / Equity | 0.29 |
| Total Debt / Capitalization | 22.45 |
| Cash Flow / Debt | 0.46 |
| Interest Coverage | 8.62 |
Financial Efficiency
Return on equity (ROE) is 0.08% and return on capital (ROIC) is 7.12%.
| Return on Equity (ROE) | 0.08% |
| Return on Assets (ROA) | 0.05% |
| Return on Capital (ROIC) | 7.12% |
| Revenue Per Employee | $547,356.45 |
| Profits Per Employee | $31,626.61 |
| Employee Count | 1,240 |
| Asset Turnover | 0.85 |
| Inventory Turnover | 4.89 |
Taxes
| Income Tax | 18.72M |
| Effective Tax Rate | 0.32 |
Stock Price Statistics
The stock price has increased by -27.31% in the last 52 weeks. The beta is 0.87, so Harmonic's price volatility has been higher than the market average.
| Beta | 0.87 |
| 52-Week Price Change | -27.31% |
| 50-Day Moving Average | 10.76 |
| 200-Day Moving Average | 12.46 |
| Relative Strength Index (RSI) | 36.66 |
| Average Volume (20 Days) | 1.3M |
Income Statement
In the last 12 months, Harmonic had revenue of 678.72M and earned 39.22M in profits. Earnings per share was 0.34.
| Revenue | 678.72M |
| Gross Profit | 365.92M |
| Operating Income | 63.14M |
| Net Income | 39.22M |
| EBITDA | 77.4M |
| EBIT | 63.14M |
| Earnings Per Share (EPS) | 0.34 |
Balance Sheet
The company has 101.46M in cash and 134.68M in debt, giving a net cash position of -33.22M.
| Cash & Cash Equivalents | 101.46M |
| Total Debt | 134.68M |
| Net Cash | -33.22M |
| Retained Earnings | -1.95B |
| Total Assets | 796.51M |
| Working Capital | 198.51M |
Cash Flow
In the last 12 months, operating cash flow was 61.92M and capital expenditures -9.19M, giving a free cash flow of 52.73M.
| Operating Cash Flow | 61.92M |
| Capital Expenditures | -9.19M |
| Free Cash Flow | 52.73M |
| FCF Per Share | 0.46 |
Margins
Gross margin is 53.91%, with operating and profit margins of 9.3% and 5.78%.
| Gross Margin | 53.91% |
| Operating Margin | 9.3% |
| Pretax Margin | 8.54% |
| Profit Margin | 5.78% |
| EBITDA Margin | 11.4% |
| EBIT Margin | 9.3% |
| FCF Margin | 7.77% |
Dividends & Yields
HLIT does not appear to pay any dividends at this time.
| Dividend Per Share | n/a |
| Dividend Yield | n/a |
| Dividend Growth (YoY) | n/a |
| Payout Ratio | n/a |
| Earnings Yield | 3.48% |
| FCF Yield | 4.61% |
Analyst Forecast
The average price target for HLIT is $12.5, which is 27.9% higher than the current price. The consensus rating is "Hold".
| Price Target | $12.5 |
| Price Target Difference | 27.9% |
| Analyst Consensus | Hold |
| Analyst Count | 6 |
Stock Splits
The last stock split was on Oct 15, 1999. It was a forward split with a ratio of 2:1.
| Last Split Date | Oct 15, 1999 |
| Split Type | forward |
| Split Ratio | 2:1 |
Scores
| Altman Z-Score | 0.16 |
| Piotroski F-Score | 7 |