Research Frontiers IncorporatedFind Ratings Reports
RESEARCH FRONTIERS INC's gross profit margin for the second quarter of its fiscal year 2021 has significantly decreased when compared to the same period a year ago. Sales and net income fell significantly, underperforming compared to the average company in its subsector. RESEARCH FRONTIERS INC is extremely liquid. Currently, the Quick Ratio is 14.29 which clearly shows the ability to cover any short-term cash needs. The company's liquidity has decreased from the same period last year, indicating deteriorating cash flow.
At the same time, stockholders' equity ("net worth") has significantly decreased by 31.48% from the same quarter last year. Overall, the key liquidity measurements indicate that the company is very unlikely to face financial difficulties in the near future.
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|Income Statement||Q2 FY21||Q2 FY20|
|Net Sales ($mil)||0.11||0.18|
|Net Income ($mil)||-0.53||-0.4|
|Balance Sheet||Q2 FY21||Q2 FY20|
|Cash & Equiv. ($mil)||3.47||5.84|
|Total Assets ($mil)||5.19||7.41|
|Total Debt ($mil)||0.73||0.89|
|Profitability||Q2 FY21||Q2 FY20|
|Gross Profit Margin||-460.53||-342.05|
|Return on Assets||-46.31||-36.15|
|Return on Equity||-55.5||-42.41|
|Debt||Q2 FY21||Q2 FY20|
|Share Data||Q2 FY21||Q2 FY20|
|Shares outstanding (mil)||31.65||31.58|
|Div / share||0.0||0.0|
|Book value / share||0.14||0.2|
|Institutional Own %||n/a||n/a|
|Avg Daily Volume||188684.0||203700.0|
SELL. The current P/E ratio is negative, which has no meaningful value in the assessment of premium or discount valuation, it simply displays that the company has negative earnings. For additional comparison, its price-to-book ratio of 17.62 indicates a significant premium versus the S&P 500 average of 4.43 and a significant premium versus the subsector average of 6.54. The price-to-sales ratio is well above both the S&P 500 average and the subsector average, indicating a premium. Upon assessment of these and other key valuation criteria, RESEARCH FRONTIERS INC seems to be trading at a premium to investment alternatives.
|REFR NM||Peers 35.59||REFR NM||Peers 24.85|
Neutral. The absence of a valid P/E ratio happens when a stock can not be valued on the basis of a negative stream of earnings.
REFR's P/E is negative making this valuation measure meaningless.
Neutral. The P/CF ratio, a stock’s price divided by the company's cash flow from operations, is useful for comparing companies with different capital requirements or financing structures.
REFR's P/CF is negative making the measure meaningless.
|REFR NA||Peers 26.05||REFR NA||Peers 0.52|
Neutral. A lower price-to-projected earnings ratio than its peers can signify a less expensive stock or lower future growth potential.
Ratio not available.
Neutral. The PEG ratio is the stock’s P/E divided by the consensus estimate of long-term earnings growth. Faster growth can justify higher price multiples.
Ratio not available.
|REFR 17.62||Peers 6.54||REFR 0.00||Peers 375.97|
Premium. A higher price-to-book ratio makes a stock less attractive to investors seeking stocks with lower market values per dollar of equity on the balance sheet.
REFR is trading at a significant premium to its peers.
Neutral. Higher earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios.
The growth rate for REFR is not available.
|REFR 123.03||Peers 7.75||REFR -54.73||Peers 18.60|
Premium. In the absence of P/E and P/B multiples, the price-to-sales ratio can display the value investors are placing on each dollar of sales.
REFR is trading at a significant premium to its subsector.
Lower. A sales growth rate that trails the subsector implies that a company is losing market share.
REFR significantly trails its peers on the basis of sales growth.