Harmonic Statistics

Share Statistics

Harmonic has 113.76M shares outstanding. The number of shares has increased by -2.78% in one year.

Shares Outstanding	113.76M
Shares Change (YoY)	-2.78%
Shares Change (QoQ)	-3.38%
Owned by Institutions (%)	90.17%
Shares Floating	110.84M
Failed to Deliver (FTD) Shares	4,701
FTD / Avg. Volume	0.4%

Short Selling Information

The latest short interest is 2.58M, so 2.2% of the outstanding shares have been sold short.

Short Interest	2.58M
Short % of Shares Out	2.2%
Short % of Float	2.66%
Short Ratio (days to cover)	2.47

Valuation Ratios

The PE ratio is 38.84 and the forward PE ratio is 13.2. Harmonic's PEG ratio is -0.71.

PE Ratio	38.84
Forward PE	13.2
PS Ratio	2.24
Forward PS	1.7
PB Ratio	3.27
P/FCF Ratio	28.88
PEG Ratio	-0.71

Financial Ratio History

Enterprise Valuation

Harmonic has an Enterprise Value (EV) of 1.57B.

EV / Sales	2.31
EV / EBITDA	20.28
EV / EBIT	25.35
EV / FCF	29.77

Financial Position

The company has a current ratio of 2.18, with a Debt / Equity ratio of 0.32.

Current Ratio	2.18
Quick Ratio	1.8
Debt / Equity	0.32
Debt / EBITDA	1.92
Debt / FCF	2.81
Interest Coverage	8.62

Financial Efficiency

Return on Equity is 8.43% and Return on Invested Capital is 6.66%.

Return on Equity	8.43%
Return on Assets	4.92%
Return on Invested Capital	6.66%
Revenue Per Employee	$753.3K
Profits Per Employee	$43.53K
Employee Count	901
Asset Turnover	0.85
Inventory Turnover	4.89

Taxes

Income Tax	18.72M
Effective Tax Rate	32.31%

Stock Price Statistics

The stock price has increased by -28.68% in the last 52 weeks. The beta is 1, so Harmonic's price volatility has been higher than the market average.

Beta	1
52-Week Price Change	-28.68%
50-Day Moving Average	9.19
200-Day Moving Average	10.31
Relative Strength Index (RSI)	66.15
Average Volume (20 Days)	1,186,398

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	65.26M
Earnings Per Share (EPS)	0.34

Full Income Statement

Balance Sheet

The company has 101.46M in cash and 148.31M in debt, giving a net cash position of -46.86M.

Cash & Cash Equivalents	101.46M
Total Debt	148.31M
Net Cash	-46.86M
Retained Earnings	-1.95B
Total Assets	783.35M
Working Capital	170.65M

Full Balance Sheet

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

Full Cash Flow Statement

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	2.57%
FCF Yield	3.46%

Dividend Details

Analyst Forecast

The average price target for HLIT is $12.5, which is 26% higher than the current price. The consensus rating is "Hold".

Price Target	$12.5
Price Target Difference	26%
Analyst Consensus	Hold
Analyst Count	6

Stock Forecasts

Fair Value

There are several formulas that can be used to estimate the intrinsic value of a stock.

Lynch Fair Value	n/a
Lynch Upside	n/a
Graham Number	5.57
Graham Upside	-43.85%

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	-0.05
Piotroski F-Score	8

Harmonic Inc. (HLIT)