ERESEARCHTECHNOLOGY INC /DE/
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Financials
SEC XBRL · annual| FY11 | FY10 | FY09 | |
|---|---|---|---|
| Revenue | $184.9M | $141.0M | $93.8M |
| Operating income | $19.5M | $15.6M | $17.9M |
| Net income | $13.7M | $9.9M | $10.7M |
| Total assets | $240.4M | $214.8M | — |
| Total liabilities | $70.7M | $64.2M | — |
| Equity | $169.7M | $150.7M | $137.7M |
| EPS (diluted) | $0.28 | $0.20 | $0.22 |
| Shares out. | 49.3M | 49.2M | 49.5M |
Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.
Key ratios
from filings · FY2011- Operating margin
- 10.5%
- Net margin
- 7.4%
- Return on equity
- 8.1%
- Return on assets
- 5.7%
- Return on capital (ROCE)
- 9.6%
- Liabilities / assets
- 29.4%
- Debt / equity
- 0.42×
- Book value / share
- $3.44
- Revenue growth (YoY)
- 31.2%
- Net income growth (YoY)
- 39.1%
Computed from the company's own SEC figures — no market price, so these are facts, not a valuation. Book value per share is reported equity ÷ shares; it is not the stock price.
Financial health
forensic scores · FY2011- Altman Z″ (distress)
- 6.78safe
- Accruals / assets
- −12.0%clean
- Beneish M-Score
- -2.83normal
- Piotroski F-Score
- 7/9strong
Altman Z″is a textbook bankruptcy-distress score from book values only (>2.6 safe · 1.1–2.6 grey · <1.1 distress). Accruals = (net income − operating cash flow) ÷ assets; persistently high accruals are an earnings-quality red flag. Beneish M-Scoreis an eight-ratio screen comparing this year with last (M > −1.78 = elevated manipulation-risk screen, not proof). Piotroski F-Scorecounts how many of nine fundamental-health checks pass (shown as passed / applicable; we use operating margin and total liabilities as documented proxies where the exact input isn't XBRL-tagged). Computed from SEC filings — descriptive factors, not advice or a forecast.
Quality score
EDS ScoreOur own multi-factor score from free SEC data — profitability, growth, financial strength, earnings quality, and event/ownership catalysts. No market price and no licensed model: each axis is the share of source-backed checks it passes. Descriptive factors, not advice or a forecast. What these scores mean →
Signs
● 6 good- Operating margin is positive
- Revenue is growing year-over-year
- Conservative leverage (liabilities < 50% of assets)
- Positive operating cash flow
- Clean earnings (low accruals)
- Altman Z″ in the safe zone
Derived from the company's own SEC figures (fundamentals, forensic scores, filing discipline) — descriptive factors, not advice or a forecast.
Material events
SEC Form 8-K · most recent- Delisting / listing-standard notice · Modified shareholder rightsJul 9, 2012
- Entered a material agreement · Terminated a material agreement · Completed an acquisition or disposition · New financial obligation · Change in control · Director / officer change · Amended charter or bylaws · Other material eventJul 9, 2012
- Shareholder vote · Other material eventJun 22, 2012
- Other material eventJun 12, 2012
- Results of operationsMay 7, 2012
- Entered a material agreement · New financial obligationMay 4, 2012
- Entered a material agreement · Director / officer change · Other material eventApr 10, 2012
- Director / officer changeMar 1, 2012
Events the company reported on Form 8-K, labelled by the SEC item code it filed under — its own classification, not our interpretation.
Recent SEC filings
All filings ↗- SC 13G/AFeb 11, 2013
- SC 13GNONEJan 31, 2013
- SC 13G/AAug 8, 2012
- 15-12GFORM 15Jul 13, 2012
- EFFECTJul 12, 2012
- EFFECTJul 12, 2012
- 8-KFORM 8-KJul 9, 2012
- 8-KJul 9, 2012
- 4PRIMARY DOCUMENTJul 6, 2012
- 4PRIMARY DOCUMENTJul 6, 2012
- 4PRIMARY DOCUMENTJul 6, 2012
- 4PRIMARY DOCUMENTJul 6, 2012
- 4PRIMARY DOCUMENTJul 6, 2012
- 4PRIMARY DOCUMENTJul 6, 2012
- 4PRIMARY DOCUMENTJul 6, 2012
Event-driven situations (1)
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