Harmonic Inc. (HLIT) exhibits 48.5% gross margins and 3.0% return on invested capital within Technology (Radio And Television Broadcasting And Communications Equipment), balanced against a 49.5x enterprise multiple and 4.8% implied options volatility.
Sustained 48.5% gross profitability converts into 3.9% operating margin and 3.0% ROIC, outpacing sector cost of capital.
ROIC: 3.0% // GM: 48.5%YoY revenue trajectory of -26.2% paired with 8.23% free cash flow yield supports self-funded R&D and capital return.
REV YOY: -26.2% // FCF YLD: 8.23%Altman Z-Score of 0.20 and Piotroski F-Score of 7/9 indicate low near-term refinancing stress.
ALTMAN Z: 0.20 // F-SCORE: 7/9Trading at 24.0x trailing P/E (— Fwd P/E) leaves valuation vulnerable if real 10Y TIPS yields spike.
P/E: 24.0x // EV/EBITDA: 49.5xOptions market prices a ±5.2% implied move with a 0.85 put/call ratio around $10.80 max pain.
IMPL MOVE: ±5.2% // P/C: 0.85Elevated industry capital intensity and customer concentration in Radio And Television Broadcasting And Communications Equipment require continuous execution to defend 0.3% net margins.
NET MARGIN: 0.3% // D/E: 0.28x| FILER | SIDE | $ VALUE |
|---|---|---|
| INSPECT FULL OWNERSHIP LEDGER IN OWN <GO> | ||
| STRIKE / EXP | TYPE | PREMIUM |
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| INSPECT GEX & CHAIN IN OPT <GO> | ||
Unblur the exact $50,000 delta-adjusted ETF/options hedge ratio for HLIT & activate live FRED threshold breach alerts.