RESEARCH FRONTIERS INCORPORATED |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 1.55 USD | -1.90% |
|
+4.03% | +53.47% |
| Mar. 07 | Transcript : Research Frontiers Incorporated, Q4 2023 Earnings Call, Mar 07, 2024 | |
| Mar. 07 | Research Frontiers Incorporated Reports Earnings Results for the Full Year Ended December 31, 2023 | CI |
Valuation
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Capitalization 1 | 43.15 | 93.58 | 88.73 | 54.44 | 63.32 | 33.84 |
| Enterprise Value (EV) 1 | 40.18 | 87.97 | 84.77 | 52.06 | 59.55 | 31.64 |
| P/E ratio | -15.1 x | -23.7 x | -37.8 x | -29.5 x | -22.9 x | -16.8 x |
| Yield | - | - | - | - | - | - |
| Capitalization / Revenue | 29 x | 59.8 x | 107 x | 43.1 x | 117 x | 37.2 x |
| EV / Revenue | 27 x | 56.2 x | 102 x | 41.2 x | 110 x | 34.8 x |
| EV / EBITDA | -18 x | -29.8 x | -33.8 x | -28.5 x | -22.9 x | -15.8 x |
| EV / FCF | -32.3 x | -73.1 x | -61.6 x | -45.8 x | -58.9 x | -22.5 x |
| FCF Yield | -3.1% | -1.37% | -1.62% | -2.18% | -1.7% | -4.44% |
| Price to Book | 13.9 x | 13.3 x | 16.7 x | 14.4 x | 13.2 x | 9.62 x |
| Nbr of stocks (in thousands) | 27,662 | 31,090 | 31,576 | 31,650 | 33,150 | 33,509 |
| Reference price 2 | 1.560 | 3.010 | 2.810 | 1.720 | 1.910 | 1.010 |
| Announcement Date | 3/14/19 | 3/12/20 | 3/11/21 | 3/9/22 | 3/9/23 | 3/7/24 |
1USD in Million2USD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net sales 1 | 1.489 | 1.564 | 0.8284 | 1.263 | 0.5397 | 0.9096 |
| EBITDA 1 | -2.237 | -2.954 | -2.51 | -1.829 | -2.596 | -2.006 |
| EBIT 1 | -2.418 | -3.149 | -2.577 | -1.839 | -2.625 | -2.033 |
| Operating Margin | -162.44% | -201.36% | -311.11% | -145.59% | -486.42% | -223.54% |
| Earnings before Tax (EBT) 1 | -2.686 | -3.809 | -2.341 | -1.846 | -2.669 | -1.908 |
| Net income 1 | -2.686 | -3.809 | -2.341 | -1.846 | -2.669 | -1.908 |
| Net margin | -180.44% | -243.54% | -282.56% | -146.18% | -494.61% | -209.8% |
| EPS 2 | -0.1035 | -0.1269 | -0.0743 | -0.0583 | -0.0832 | -0.0600 |
| Free Cash Flow 1 | -1.244 | -1.203 | -1.377 | -1.137 | -1.011 | -1.406 |
| FCF margin | -83.57% | -76.89% | -166.24% | -90.01% | -187.32% | -154.52% |
| FCF Conversion (EBITDA) | - | - | - | - | - | - |
| FCF Conversion (Net income) | - | - | - | - | - | - |
| Dividend per Share | - | - | - | - | - | - |
| Announcement Date | 3/14/19 | 3/12/20 | 3/11/21 | 3/9/22 | 3/9/23 | 3/7/24 |
1USD in Million2USD
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - |
| Net Cash position 1 | 2.97 | 5.62 | 3.96 | 2.38 | 3.77 | 2.21 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - |
| Free Cash Flow 1 | -1.24 | -1.2 | -1.38 | -1.14 | -1.01 | -1.41 |
| ROE (net income / shareholders' equity) | -94.8% | -75% | -37.8% | -40.5% | -62.2% | -45.9% |
| ROA (Net income/ Total Assets) | -43.6% | -32% | -22.3% | -21.4% | -33.1% | -27.6% |
| Assets 1 | 6.167 | 11.92 | 10.5 | 8.631 | 8.064 | 6.921 |
| Book Value Per Share 2 | 0.1100 | 0.2300 | 0.1700 | 0.1200 | 0.1400 | 0.1000 |
| Cash Flow per Share 2 | 0.1100 | 0.2100 | 0.1500 | 0.0100 | 0.1300 | 0.0700 |
| Capex 1 | 0.01 | 0.07 | 0.06 | 0 | 0 | 0 |
| Capex / Sales | 0.78% | 4.17% | 6.82% | 0.09% | 0.24% | 0.17% |
| Announcement Date | 3/14/19 | 3/12/20 | 3/11/21 | 3/9/22 | 3/9/23 | 3/7/24 |
1USD in Million2USD
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
| 1st Jan change | Capi. | |
|---|---|---|
| +53.47% | 51.95M | |
| +23.16% | 477M | |
| +2.20% | 334M | |
| -10.69% | 147M | |
| -.--% | 139M | |
| +145.80% | 96.78M | |
| -3.05% | 72.62M |
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- Financials Research Frontiers Incorporated
