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GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 6/10

vs
industry
vs
history
Cash to Debt 0.01
PENX's Cash to Debt is ranked lower than
68% of the 1013 Companies
in the Global Specialty Chemicals industry.

( Industry Median: 0.76 vs. PENX: 0.01 )
PENX' s 10-Year Cash to Debt Range
Min: -0.03   Max: 0.26
Current: 0.01

-0.03
0.26
Equity to Asset 0.39
PENX's Equity to Asset is ranked lower than
52% of the 1006 Companies
in the Global Specialty Chemicals industry.

( Industry Median: 0.52 vs. PENX: 0.39 )
PENX' s 10-Year Equity to Asset Range
Min: 0.26   Max: 0.58
Current: 0.39

0.26
0.58
Interest Coverage 2.36
PENX's Interest Coverage is ranked lower than
60% of the 626 Companies
in the Global Specialty Chemicals industry.

( Industry Median: 22.80 vs. PENX: 2.36 )
PENX' s 10-Year Interest Coverage Range
Min: 0.18   Max: 4.3
Current: 2.36

0.18
4.3
F-Score: 5
Z-Score: 2.93
M-Score: -2.73
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 7/10

vs
industry
vs
history
Operating margin (%) 2.01
PENX's Operating margin (%) is ranked higher than
52% of the 959 Companies
in the Global Specialty Chemicals industry.

( Industry Median: 5.85 vs. PENX: 2.01 )
PENX' s 10-Year Operating margin (%) Range
Min: -6.58   Max: 12.33
Current: 2.01

-6.58
12.33
Net-margin (%) 0.86
PENX's Net-margin (%) is ranked higher than
50% of the 960 Companies
in the Global Specialty Chemicals industry.

( Industry Median: 3.79 vs. PENX: 0.86 )
PENX' s 10-Year Net-margin (%) Range
Min: -25.35   Max: 5.89
Current: 0.86

-25.35
5.89
ROE (%) 4.83
PENX's ROE (%) is ranked higher than
63% of the 954 Companies
in the Global Specialty Chemicals industry.

( Industry Median: 6.91 vs. PENX: 4.83 )
PENX' s 10-Year ROE (%) Range
Min: -81.64   Max: 15.27
Current: 4.83

-81.64
15.27
ROA (%) 1.78
PENX's ROA (%) is ranked higher than
57% of the 964 Companies
in the Global Specialty Chemicals industry.

( Industry Median: 3.41 vs. PENX: 1.78 )
PENX' s 10-Year ROA (%) Range
Min: -25.09   Max: 5.9
Current: 1.78

-25.09
5.9
ROC (Joel Greenblatt) (%) 5.48
PENX's ROC (Joel Greenblatt) (%) is ranked higher than
57% of the 959 Companies
in the Global Specialty Chemicals industry.

( Industry Median: 11.44 vs. PENX: 5.48 )
PENX' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: -8.98   Max: 15.96
Current: 5.48

-8.98
15.96
Revenue Growth (%) 13.40
PENX's Revenue Growth (%) is ranked higher than
87% of the 868 Companies
in the Global Specialty Chemicals industry.

( Industry Median: 4.50 vs. PENX: 13.40 )
PENX' s 10-Year Revenue Growth (%) Range
Min: -13.5   Max: 15.5
Current: 13.4

-13.5
15.5
EBITDA Growth (%) 37.90
PENX's EBITDA Growth (%) is ranked higher than
96% of the 790 Companies
in the Global Specialty Chemicals industry.

( Industry Median: 1.40 vs. PENX: 37.90 )
PENX' s 10-Year EBITDA Growth (%) Range
Min: -46.1   Max: 37.9
Current: 37.9

-46.1
37.9
» PENX's 10-Y Financials

Financials


Revenue & Net Income
Cash & Debt
Oprt. Cash Flow & Free Cash Flow

» Details

Guru Trades

Q2 2013

PENX Guru Trades in Q2 2013

Jim Simons 36,100 sh (+9.06%)
Michael Price 138,365 sh (unchged)
» More
Q3 2013

PENX Guru Trades in Q3 2013

Jim Simons 50,400 sh (+39.61%)
Michael Price 34,200 sh (-75.28%)
» More
Q4 2013

PENX Guru Trades in Q4 2013

Jim Simons 54,300 sh (+7.74%)
Michael Price 24,935 sh (-27.09%)
» More
Q1 2014

PENX Guru Trades in Q1 2014

Michael Price Sold Out
Jim Simons 52,700 sh (-2.95%)
» More
» Details

Insider Trades

Latest Guru Trades with PENX

GuruDate Trades Impact to Portfolio Price Range * (?) Current Price Change from Average Current Shares
Michael Price 2014-03-31 Sold Out 0.04%$11 - $14.78 $ 12.5-5%0
Michael Price 2013-12-31 Reduce -27.09%0.02%$11.29 - $15.05 $ 12.5-5%24935
Michael Price 2013-09-30 Reduce -75.28%0.19%$12.69 - $15.55 $ 12.5-12%34200
Michael Price 2012-12-31 New Buy0.14%$6.89 - $7.76 $ 12.568%138365
Mario Gabelli 2012-12-31 Sold Out $6.89 - $7.76 $ 12.568%0
Premium More recent guru trades are included for Premium Members only!!
» Interactive Charts

Peter Lynch Chart ( What is Peter Lynch Charts )

Ratios

vs
industry
vs
history
P/E(ttm) 41.20
PENX's P/E(ttm) is ranked higher than
59% of the 1046 Companies
in the Global Specialty Chemicals industry.

( Industry Median: 23.70 vs. PENX: 41.20 )
PENX' s 10-Year P/E(ttm) Range
Min: 7.37   Max: 331.33
Current: 41.2

7.37
331.33
P/B 1.70
PENX's P/B is ranked higher than
65% of the 1046 Companies
in the Global Specialty Chemicals industry.

( Industry Median: 1.78 vs. PENX: 1.70 )
PENX' s 10-Year P/B Range
Min: 0.22   Max: 2.85
Current: 1.7

0.22
2.85
P/S 0.30
PENX's P/S is ranked higher than
91% of the 1046 Companies
in the Global Specialty Chemicals industry.

( Industry Median: 1.06 vs. PENX: 0.30 )
PENX' s 10-Year P/S Range
Min: 0.14   Max: 1.01
Current: 0.3

0.14
1.01
PFCF 30.40
PENX's PFCF is ranked higher than
75% of the 1046 Companies
in the Global Specialty Chemicals industry.

( Industry Median: 58.49 vs. PENX: 30.40 )
PENX' s 10-Year PFCF Range
Min: 5.32   Max: 99.4
Current: 30.4

5.32
99.4
EV-to-EBIT 29.43
PENX's EV-to-EBIT is ranked higher than
62% of the 1046 Companies
in the Global Specialty Chemicals industry.

( Industry Median: 18.45 vs. PENX: 29.43 )
PENX' s 10-Year EV-to-EBIT Range
Min: 10.8   Max: 192.1
Current: 29.43

10.8
192.1
PEG 1.70
PENX's PEG is ranked higher than
84% of the 1046 Companies
in the Global Specialty Chemicals industry.

( Industry Median: 14.18 vs. PENX: 1.70 )
PENX' s 10-Year PEG Range
Min: 1.7   Max: 2324
Current: 1.7

1.7
2324
Current Ratio 2.51
PENX's Current Ratio is ranked higher than
81% of the 1010 Companies
in the Global Specialty Chemicals industry.

( Industry Median: 1.78 vs. PENX: 2.51 )
PENX' s 10-Year Current Ratio Range
Min: 0.69   Max: 3
Current: 2.51

0.69
3
Quick Ratio 1.41
PENX's Quick Ratio is ranked higher than
72% of the 1010 Companies
in the Global Specialty Chemicals industry.

( Industry Median: 1.21 vs. PENX: 1.41 )
PENX' s 10-Year Quick Ratio Range
Min: 0.41   Max: 1.83
Current: 1.41

0.41
1.83

Valuation & Return

vs
industry
vs
history
Price/Tangible Book 2.10
PENX's Price/Tangible Book is ranked higher than
64% of the 1046 Companies
in the Global Specialty Chemicals industry.

( Industry Median: 2.14 vs. PENX: 2.10 )
PENX' s 10-Year Price/Tangible Book Range
Min: 0.51   Max: 3.21
Current: 2.1

0.51
3.21
Price/DCF (Projected) 2.40
PENX's Price/DCF (Projected) is ranked higher than
82% of the 1046 Companies
in the Global Specialty Chemicals industry.

( Industry Median: 9999.00 vs. PENX: 2.40 )
PENX' s 10-Year Price/DCF (Projected) Range
Min: 0.47   Max: 13.59
Current: 2.4

0.47
13.59
Price/Median PS Value 0.80
PENX's Price/Median PS Value is ranked higher than
84% of the 1046 Companies
in the Global Specialty Chemicals industry.

( Industry Median: 1.11 vs. PENX: 0.80 )
PENX' s 10-Year Price/Median PS Value Range
Min: 0.36   Max: 2.19
Current: 0.8

0.36
2.19
Price/Peter Lynch Fair Value 2.60
PENX's Price/Peter Lynch Fair Value is ranked higher than
86% of the 1046 Companies
in the Global Specialty Chemicals industry.

( Industry Median: 9999.00 vs. PENX: 2.60 )
PENX' s 10-Year Price/Peter Lynch Fair Value Range
Min: 1.78   Max: 5.02
Current: 2.6

1.78
5.02
Price/Graham Number 2.00
PENX's Price/Graham Number is ranked higher than
64% of the 1046 Companies
in the Global Specialty Chemicals industry.

( Industry Median: 1.80 vs. PENX: 2.00 )
PENX' s 10-Year Price/Graham Number Range
Min: 0.37   Max: 7.16
Current: 2

0.37
7.16
Earnings Yield (Greenblatt) 3.30
PENX's Earnings Yield (Greenblatt) is ranked higher than
53% of the 911 Companies
in the Global Specialty Chemicals industry.

( Industry Median: 6.40 vs. PENX: 3.30 )
PENX' s 10-Year Earnings Yield (Greenblatt) Range
Min: 0.5   Max: 9.3
Current: 3.3

0.5
9.3
Forward Rate of Return (Yacktman) 13.29
PENX's Forward Rate of Return (Yacktman) is ranked higher than
82% of the 746 Companies
in the Global Specialty Chemicals industry.

( Industry Median: 7.09 vs. PENX: 13.29 )
PENX' s 10-Year Forward Rate of Return (Yacktman) Range
Min: -21.4   Max: 14
Current: 13.29

-21.4
14

Business Description

Industry: Chemicals » Specialty Chemicals
Compare:NEU, SCL, VAL, POL, CYT » details
Penford Corporation (Penford) is a Washington corporation originally incorporated in September 1983. The Company is a developer, manufacturer and marketer of specialty natural-based ingredient systems for industrial and food ingredient applications, including fuel grade ethanol. Its strategically-located manufacturing facilities in the United States provide it with geographic coverage of its target markets. Penford operates in two business segments, each utilizing its carbohydrate chemistry expertise to develop starch-based ingredients for value-added applications that improve the quality and performance of customers' products. The Industrial Ingredients - North America and Food Ingredients - North America segments are categories of end-market users. The Company has research and development capabilities, which are used in understanding the complex chemistry of carbohydrate-based materials and in developing applications to address customer needs. Specialty products for industrial applications are designed to improve the strength and performance of customers' products and efficiencies in the manufacture of coated and uncoated paper and paper packaging products. In May 2008, the Company's Industrial Ingredients - North America segment began commercial production and sales of ethanol from its facility in Cedar Rapids, Iowa. This ethanol plant gave the Company the ability to select an additional output choice to capitalize on changing industry conditions and selling opportunities. Food Ingredients - North America is a developer and manufacturer of specialty starches and dextrins to the food manufacturing and food service industries. Its raw materials include Corn, potato starch, chemicals and natural gas. Specialty starch ingredient brand names for industrial applications include, among others, Penford gums, Pensize binders, Penflex sizing agent, Topcat cationic additive and the Apollo starch series. Product brand names for food ingredient applications include PenBind, PenCling and PenPlus. Penford competes directly with approximately five other companies that manufacture specialty starches for the papermaking industry, approximately six other companies that manufacture specialty food ingredients, and numerous producers of fuel ethanol. Since Penford's customers are generally other manufacturers and processors, most of the Company's products are distributed via rail or truck to customer facilities in bulk. The Company is subject to many federal, state and local environmental and health and safety laws and regulations, particularly with respect to the use, handling, treatment, storage, discharge and disposal of substances and hazardous wastes used or generated in its manufacturing processes.

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