Hayes Lemmerz International Inc. is a NASDAQ listed security that has been trading in a range between $1.64 and $7.98 over the past year. With 99,074,510 shares outstanding, a recent price of $4.43 gives a total market capitalization of $464,669,378. While there are certainly larger companies, Hayes Lemmerz International Inc. has definitely earned its place in the pack. Last year, Hayes Lemmerz International Inc. created $-4.28 in earnings for every share outstanding.
Hayes Lemmerz International Inc. is currently priced by the market at 0.00 times last year’s earnings. Many trading multiples around the world are quite attractive these days, but don’t be fooled. A Price to Earnings ratio of 0 simply means that the security didn’t make any money last year.
With a share price under $50 a share and earnings per share below $1 a share, Hayes Lemmerz International Inc. is unlikely to be an interesting value proposition. Consistent earnings are the key to high valuations and this security is not on its way.
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