Harmonic Inc. (HLIT)
NASDAQ: HLIT · IEX Real-Time Price · USD
11.51
+0.31 (2.77%)
Jun 21, 2024, 4:00 PM EDT - Market closed

Harmonic Statistics

Total Valuation

Harmonic has a market cap or net worth of $1.34 billion. The enterprise value is $1.41 billion.

Market Cap 1.34B
Enterprise Value 1.41B

Important Dates

The next estimated earnings date is Monday, July 29, 2024, after market close.

Earnings Date Jul 29, 2024
Ex-Dividend Date n/a

Share Statistics

Harmonic has 116.54 million shares outstanding. The number of shares has decreased by -4.59% in one year.

Shares Outstanding 116.54M
Shares Change (YoY) -4.59%
Shares Change (QoQ) -2.90%
Owned by Insiders (%) 2.43%
Owned by Institutions (%) 105.49%
Float 100.71M

Valuation Ratios

The trailing PE ratio is 19.18 and the forward PE ratio is 14.94. Harmonic's PEG ratio is -0.21.

PE Ratio 19.18
Forward PE 14.94
PS Ratio 2.34
Forward PS 1.83
PB Ratio 3.28
P/FCF Ratio 68.60
PEG Ratio -0.21
Financial Ratio History

Enterprise Valuation

The stock's EV/EBITDA ratio is 104.98, with an EV/FCF ratio of 72.18.

EV / Earnings 19.93
EV / Sales 2.47
EV / EBITDA 104.98
EV / EBIT 1,243.62
EV / FCF 72.18

Financial Position

The company has a current ratio of 1.10, with a Debt / Equity ratio of 0.38.

Current Ratio 1.10
Quick Ratio 0.69
Debt / Equity 0.38
Debt / EBITDA 11.48
Debt / FCF 7.90
Interest Coverage 0.42

Financial Efficiency

Return on equity (ROE) is 18.50% and return on invested capital (ROIC) is 0.26%.

Return on Equity (ROE) 18.50%
Return on Assets (ROA) 9.90%
Return on Capital (ROIC) 0.26%
Revenue Per Employee $421,132
Profits Per Employee $52,106
Employee Count 1,359
Asset Turnover 0.80
Inventory Turnover 2.57

Taxes

Income Tax -72.39M
Effective Tax Rate n/a

Stock Price Statistics

The stock price has decreased by -37.41% in the last 52 weeks. The beta is 0.90, so Harmonic's price volatility has been similar to the market average.

Beta (1Y) 0.90
52-Week Price Change -37.41%
50-Day Moving Average 11.05
200-Day Moving Average 11.40
Relative Strength Index (RSI) 51.21
Average Volume (20 Days) 917,955

Short Selling Information

The latest short interest is 6.57 million, so 5.63% of the outstanding shares have been sold short.

Short Interest 6.57M
Short Previous Month 6.69M
Short % of Shares Out 5.63%
Short % of Float 6.52%
Short Ratio (days to cover) 2.98

Income Statement

In the last 12 months, Harmonic had revenue of $572.32 million and earned $70.81 million in profits. Earnings per share was $0.60.

Revenue 572.32M
Gross Profit 291.57M
Operating Income 1.47M
Pretax Income -1.58M
Net Income 70.81M
EBITDA 13.45M
EBIT 1.14M
Earnings Per Share (EPS) $0.60
Full Income Statement

Balance Sheet

The company has $84.31 million in cash and $154.41 million in debt, giving a net cash position of -$70.11 million or -$0.60 per share.

Cash & Cash Equivalents 84.31M
Total Debt 154.41M
Net Cash -70.11M
Net Cash Per Share -$0.60
Equity / Book Value 409.15M
Book Value Per Share 3.51
Working Capital 25.99M
Full Balance Sheet

Cash Flow

In the last 12 months, operating cash flow was $27.61 million and capital expenditures -$8.06 million, giving a free cash flow of $19.55 million.

Operating Cash Flow 27.61M
Capital Expenditures -8.06M
Free Cash Flow 19.55M
FCF Per Share $0.17
Full Cash Flow Statement

Margins

Gross margin is 50.95%, with operating and profit margins of 0.26% and 12.37%.

Gross Margin 50.95%
Operating Margin 0.26%
Pretax Margin -0.28%
Profit Margin 12.37%
EBITDA Margin 2.35%
EBIT Margin 0.20%
FCF Margin 3.42%

Dividends & Yields

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

Dividend Per Share n/a
Dividend Yield n/a
Dividend Growth (YoY) n/a
Years of Dividend Growth n/a
Payout Ratio n/a
Buyback Yield 4.59%
Shareholder Yield 4.59%
Earnings Yield 5.28%
FCF Yield 1.46%
Dividend Details

Analyst Forecast

The average price target for Harmonic is $17.20, which is 49.44% higher than the current price. The consensus rating is "Strong Buy".

Price Target $17.20
Price Target Difference 49.44%
Analyst Consensus Strong Buy
Analyst Count 5
Revenue Growth Forecast (5Y) n/a
EPS Growth Forecast (5Y) n/a
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

Scores

Harmonic has an Altman Z-Score of -0.52 and a Piotroski F-Score of 4. A Z-score under 3 suggests an increased risk of bankruptcy.

Altman Z-Score -0.52
Piotroski F-Score 4