Harmonic Inc. (HLIT)

NASDAQ: HLIT · IEX Real-Time Price · USD
8.65
+0.03 (0.35%)
Jul 6, 2022 9:34 AM EDT - Market open

Total Valuation

Harmonic has a market cap or net worth of $903.83 million. The enterprise value is $1.01 billion.

Market Cap 903.83M
Enterprise Value 1.01B

Important Dates

The next earnings date is Monday, August 1, 2022, after market close.

Estimated Earnings Date Aug 1, 2022
Ex-Dividend Date n/a

Share Statistics

Harmonic has 104.49 million shares outstanding. The number of shares has increased by 4.13% in one year.

Shares Outstanding 104.49M
Shares Change (YoY) +4.13%
Shares Change (QoQ) +1.20%
Owned by Insiders (%) 3.08%
Owned by Institutions (%) 110.65%
Float 86.23M

Valuation Ratios

The trailing PE ratio is 50.88 and the forward PE ratio is 20.88. Harmonic's PEG ratio is -0.21.

PE Ratio 50.88
Forward PE 20.88
PS Ratio 1.66
PB Ratio 3.18
P/FCF Ratio 10,155.39
PEG Ratio -0.21
Financial Ratio History

Enterprise Valuation

The stock's EV/EBITDA ratio is 26.83, with a EV/FCF ratio of 11,310.45.

EV / Earnings 56.40
EV / Sales 1.85
EV / EBITDA 26.83
EV / EBIT 40.40
EV / FCF 11,310.45

Financial Position

The company has a current ratio of 1.41, with a Debt / Equity ratio of 0.72.

Current Ratio 1.41
Quick Ratio 0.94
Debt / Equity 0.72
Debt / EBITDA 5.42
Debt / FCF 2,286.96

Financial Efficiency

Return on equity (ROE) is 6.40%, which is not very high. The company has a high ROIC of 8.50%.

Return on Equity (ROE) 6.40%
Return on Assets (ROA) 2.70%
Return on Capital (ROIC) 8.50%
Revenue Per Employee $423,236
Profits Per Employee $13,912
Employee Count 1,283
Asset Turnover 0.81
Inventory Turnover 4.59

Taxes

Income Tax -2.39M
Effective Tax Rate -15.42%

Stock Price Statistics

The stock price has increased by +3.35% in the last 52 weeks. The beta is 0.89, so Harmonic's price volatility has been lower than the market average.

Beta (1Y) 0.89
52-Week Price Change +3.35%
50-Day Moving Average 9.15
200-Day Moving Average 9.54
Average Volume (30 Days) 654,325

Short Selling Information

The latest short interest is 9.06 million, so 8.67% of the outstanding shares have been sold short.

Short Interest 9.06M
Short % of Shares Out 8.67%
Short % of Float 10.51%
Short Ratio (days to cover) 15.02

Income Statement

In the last 12 months, Harmonic had revenue of $543.01 million and earned 17.85 million in profits. Earnings per share was $0.17.

Revenue 543.01M
Gross Profit 273.78M
Operating Income 25.19M
Pretax Income 15.46M
Net Income 17.85M
EBITDA 37.52M
EBIT 24.92M
Earnings Per Share (EPS) $0.17
Full Income Statement

Balance Sheet

The company has $100.74 million in cash and $203.54 million in debt, giving a net cash position of -$102.80 million or -$0.98 per share.

Cash & Cash Equivalents 100.74M
Total Debt 203.54M
Net Cash -102.80M
Net Cash Per Share -$0.98
Book Value 284.65M
Book Value Per Share 2.72
Working Capital 94.54M
Full Balance Sheet

Cash Flow

In the last 12 months, operating cash flow was $11.86 million and capital expenditures -$11.77 million, giving a free cash flow of $89,000.

Operating Cash Flow 11.86M
Capital Expenditures -11.77M
Free Cash Flow 89,000
FCF Per Share $0.00
Full Cash Flow Statement

Margins

Gross margin is 50.42%, with operating and profit margins of 4.64% and 3.29%.

Gross Margin 50.42%
Operating Margin 4.64%
Pretax Margin 2.85%
Profit Margin 3.29%
EBITDA Margin 6.91%
EBIT Margin 4.59%
FCF Margin 0.02%

Dividends & Yields

Harmonic does not appear to pay any dividends at this time.

Dividend Per Share n/a
Dividend Yield n/a
Earnings Yield 1.97%
FCF Yield 0.01%
Dividend Growth (YoY) n/a
Payout Ratio n/a
Buyback Yield -4.13%
Shareholder Yield -4.13%
Dividend Details

Analyst Forecast

The average price target for Harmonic is $13.77, which is 59.19% higher than the current price. The consensus rating is "Buy".

Price Target $13.77
Price Target Difference 59.19%
Analyst Consensus Buy
Analyst Count 12
Stock Forecasts

Stock Splits

The last stock split was on October 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