Research Frontiers Inc.Find Ratings Reports
RESEARCH FRONTIERS INC's gross profit margin for the fourth quarter of its fiscal year 2019 has significantly decreased when compared to the same period a year ago. Even though sales increased, the net income has decreased, representing a decrease to the bottom line. RESEARCH FRONTIERS INC is extremely liquid. Currently, the Quick Ratio is 18.73 which clearly shows the ability to cover any short-term cash needs. REFR managed to increase the liquidity from the same period a year ago, despite already having very strong liquidity to begin with. This would indicate improved cash flow.
At the same time, stockholders' equity ("net worth") has greatly increased by 127.68% 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||Q4 FY19||Q4 FY18|
|Net Sales ($mil)||0.38||0.37|
|Net Income ($mil)||-1.26||-0.63|
|Balance Sheet||Q4 FY19||Q4 FY18|
|Cash & Equiv. ($mil)||6.59||2.97|
|Total Assets ($mil)||8.26||4.06|
|Total Debt ($mil)||0.98||0.0|
|Profitability||Q4 FY19||Q4 FY18|
|Gross Profit Margin||-308.14||-161.99|
|Return on Assets||-46.13||-66.17|
|Return on Equity||-53.98||-86.67|
|Debt||Q4 FY19||Q4 FY18|
|Share Data||Q4 FY19||Q4 FY18|
|Shares outstanding (mil)||31.25||27.67|
|Div / share||0.0||0.0|
|Book value / share||0.23||0.11|
|Institutional Own %||n/a||n/a|
|Avg Daily Volume||123699.0||99970.0|
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 8.82 indicates a significant premium versus the S&P 500 average of 2.73 and a significant premium versus the subsector average of 3.37. 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 21.27||REFR NM||Peers 12.52|
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 18.23||REFR NA||Peers 1.08|
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 8.82||Peers 3.37||REFR -30.00||Peers -8.86|
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.
Lower. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios.
However, REFR is expected to significantly trail its peers on the basis of its earnings growth rate.
|REFR 39.87||Peers 2.26||REFR 5.03||Peers 16.77|
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.