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Socket Mobile

BST:SNB1
Snowflake Description

Excellent balance sheet with moderate growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
SNB1
BST
$12M
Market Cap
  1. Home
  2. DE
  3. Tech
Company description

Socket Mobile, Inc. produces data capture products for mobile applications used in business mobility markets in the United States, Europe, Asia, and internationally. The last earnings update was 26 days ago. More info.


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SNB1 Share Price and Events
7 Day Returns
-6.4%
BST:SNB1
0.1%
DE Tech
1.5%
DE Market
1 Year Returns
-28.5%
BST:SNB1
-0.1%
DE Tech
-6.2%
DE Market
SNB1 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Socket Mobile (SNB1) -6.4% -6.8% -3.3% -28.5% -48.7% 143.3%
DE Tech 0.1% 3.2% 13.4% -0.1% 68.2% 106.8%
DE Market 1.5% 6% 8.5% -6.2% 10.7% 15.3%
1 Year Return vs Industry and Market
  • SNB1 underperformed the Tech industry which returned -0.1% over the past year.
  • SNB1 underperformed the Market in Germany which returned -6.2% over the past year.
Price Volatility
SNB1
Industry
5yr Volatility vs Market

Value

 Is Socket Mobile undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Socket Mobile to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Socket Mobile.

BST:SNB1 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 7%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for BST:SNB1
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Tech Unlevered Beta Simply Wall St/ S&P Global 1.04
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.044 (1 + (1- 21%) (18.58%))
1.133
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.13
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1.133 * 5.96%)
6.98%

Discounted Cash Flow Calculation for BST:SNB1 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Socket Mobile is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

BST:SNB1 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 6.98%)
2019 0.42 Est @ -1.59% 0.40
2020 0.42 Est @ -1.04% 0.37
2021 0.42 Est @ -0.66% 0.34
2022 0.41 Est @ -0.4% 0.32
2023 0.41 Est @ -0.21% 0.29
2024 0.41 Est @ -0.08% 0.28
2025 0.41 Est @ 0.01% 0.26
2026 0.41 Est @ 0.08% 0.24
2027 0.41 Est @ 0.12% 0.23
2028 0.41 Est @ 0.15% 0.21
Present value of next 10 years cash flows $2.92
BST:SNB1 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $0.41 × (1 + 0.23%) ÷ (6.98% – 0.23%)
$6.15
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $6.15 ÷ (1 + 6.98%)10
$3.13
BST:SNB1 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $2.92 + $3.13
$6.05
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $6.05 / 6.00
$1.01
BST:SNB1 Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in BST:SNB1 represents 0.77554x of NasdaqCM:SCKT
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.77554x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (USD) x Listing Adjustment Factor
= $ 1.01 x 0.77554
€0.78
Value per share (EUR) From above. €0.78
Current discount Discount to share price of €1.57
= -1 x (€1.57 - €0.78) / €0.78
-100.2%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Socket Mobile is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Socket Mobile's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Socket Mobile's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BST:SNB1 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in USD $-0.09
NasdaqCM:SCKT Share Price ** NasdaqCM (2019-04-23) in USD $2.02
Europe Tech Industry PE Ratio Median Figure of 22 Publicly-Listed Tech Companies 13.17x
Germany Market PE Ratio Median Figure of 424 Publicly-Listed Companies 19.6x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Socket Mobile.

BST:SNB1 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqCM:SCKT Share Price ÷ EPS (both in USD)

= 2.02 ÷ -0.09

-21.56x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Socket Mobile is loss making, we can't compare its value to the Europe Tech industry average.
  • Socket Mobile is loss making, we can't compare the value of its earnings to the Germany market.
Price based on expected Growth
Does Socket Mobile's expected growth come at a high price?
Raw Data
BST:SNB1 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -21.56x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
24.2%per year
Europe Tech Industry PEG Ratio Median Figure of 12 Publicly-Listed Tech Companies 0.87x
Germany Market PEG Ratio Median Figure of 269 Publicly-Listed Companies 1.56x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Socket Mobile, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Socket Mobile's assets?
Raw Data
BST:SNB1 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in USD $2.11
NasdaqCM:SCKT Share Price * NasdaqCM (2019-04-23) in USD $2.02
Europe Tech Industry PB Ratio Median Figure of 30 Publicly-Listed Tech Companies 1.3x
Germany Market PB Ratio Median Figure of 574 Publicly-Listed Companies 1.84x
BST:SNB1 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqCM:SCKT Share Price ÷ Book Value per Share (both in USD)

= 2.02 ÷ 2.11

0.96x

* Primary Listing of Socket Mobile.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Socket Mobile is good value based on assets compared to the Europe Tech industry average.
X
Value checks
We assess Socket Mobile's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Tech industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Tech industry average (and greater than 0)? (1 check)
  5. Socket Mobile has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Socket Mobile expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover Socket Mobile, future earnings growth has been estimated based on fundamentals.
The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
24.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Socket Mobile expected to grow at an attractive rate?
  • Socket Mobile's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Socket Mobile's earnings growth is expected to exceed the Germany market average.
  • Unable to compare Socket Mobile's revenue growth to the Germany market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
BST:SNB1 Future Growth Rates Data Sources
Data Point Source Value (per year)
BST:SNB1 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 24.2%
Europe Tech Industry Earnings Growth Rate Market Cap Weighted Average 14.8%
Europe Tech Industry Revenue Growth Rate Market Cap Weighted Average 8.2%
Germany Market Earnings Growth Rate Market Cap Weighted Average 11.6%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.8%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
BST:SNB1 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
BST:SNB1 Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
BST:SNB1 Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-12-31 16 1 -1
2018-09-30 17 2 -3
2018-06-30 18 2 -3
2018-03-31 20 2 -2
2017-12-31 21 2 -1
2017-09-30 22 2 12
2017-06-30 22 1 12
2017-03-31 21 1 12
2016-12-31 21 1 12
2016-09-30 21 1 3
2016-06-30 20 2 3
2016-03-31 19 1 2

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Socket Mobile's earnings are expected to grow significantly at over 20% yearly.
  • Unable to determine if Socket Mobile is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
BST:SNB1 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Socket Mobile Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BST:SNB1 Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
BST:SNB1 Past Financials Data
Date (Data in USD Millions) EPS *
2018-12-31 -0.09
2018-09-30 -0.49
2018-06-30 -0.41
2018-03-31 -0.31
2017-12-31 -0.23
2017-09-30 1.95
2017-06-30 2.03
2017-03-31 2.05
2016-12-31 2.10
2016-09-30 0.47
2016-06-30 0.45
2016-03-31 0.44

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Socket Mobile will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Socket Mobile's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Socket Mobile has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Socket Mobile performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Socket Mobile's growth in the last year to its industry (Tech).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Socket Mobile does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare Socket Mobile's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Socket Mobile's 1-year growth to the Europe Tech industry average as it is not currently profitable.
Earnings and Revenue History
Socket Mobile's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Socket Mobile Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BST:SNB1 Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 16.45 -0.57 5.84 3.20
2018-09-30 16.69 -3.13 5.83 3.26
2018-06-30 18.03 -2.67 5.90 3.25
2018-03-31 19.64 -2.04 5.89 3.19
2017-12-31 21.29 -1.43 5.93 3.04
2017-09-30 22.33 11.70 5.89 2.88
2017-06-30 21.96 11.96 5.70 2.71
2017-03-31 21.37 11.98 5.62 2.59
2016-12-31 20.79 12.15 5.42 2.45
2016-09-30 20.75 2.69 5.27 2.29
2016-06-30 20.16 2.55 5.13 2.17
2016-03-31 19.44 2.44 4.94 1.97
2015-12-31 18.40 1.82 4.91 1.89
2015-09-30 16.92 0.84 4.89 1.85
2015-06-30 17.33 0.74 4.84 1.89
2015-03-31 17.23 0.43 4.80 1.93
2014-12-31 17.02 0.43 4.58 1.90
2014-09-30 16.78 0.03 4.68 1.90
2014-06-30 15.15 -0.72 4.57 1.86
2014-03-31 15.19 -0.77 4.56 1.87
2013-12-31 15.66 -0.62 4.58 1.84
2013-09-30 14.77 -0.89 3.99 2.25
2013-06-30 14.27 -1.55 4.35 2.31
2013-03-31 13.88 -2.35 4.79 2.45
2012-12-31 13.56 -3.30 5.35 2.71
2012-09-30 15.22 -2.98 5.80 2.91
2012-06-30 17.11 -2.73 5.99 2.98

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Socket Mobile has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Socket Mobile has efficiently used its assets last year compared to the Europe Tech industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Socket Mobile improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Socket Mobile's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Tech industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Socket Mobile has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Socket Mobile's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Socket Mobile's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Socket Mobile is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Socket Mobile's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Socket Mobile's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 2.9x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Socket Mobile Company Filings, last reported 3 months ago.

BST:SNB1 Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 12.40 2.17 1.08
2018-09-30 12.44 2.51 1.32
2018-06-30 12.36 2.57 1.30
2018-03-31 12.37 4.05 2.07
2017-12-31 17.23 0.33 3.38
2017-09-30 19.78 0.06 2.87
2017-06-30 17.97 0.82 2.13
2017-03-31 17.31 0.83 1.62
2016-12-31 16.17 1.12 1.32
2016-09-30 5.60 0.84 1.15
2016-06-30 4.84 0.78 1.05
2016-03-31 4.17 1.14 1.03
2015-12-31 3.34 1.30 0.94
2015-09-30 2.24 1.69 0.86
2015-06-30 1.62 2.19 0.83
2015-03-31 1.16 2.20 0.74
2014-12-31 1.03 2.21 0.63
2014-09-30 0.86 2.37 0.74
2014-06-30 0.35 2.35 0.70
2014-03-31 0.11 2.30 0.67
2013-12-31 0.13 2.25 0.61
2013-09-30 0.48 2.24 0.40
2013-06-30 0.75 2.49 0.66
2013-03-31 0.64 2.24 0.64
2012-12-31 0.47 1.72 0.39
2012-09-30 1.03 1.49 0.41
2012-06-30 1.91 0.97 0.61
  • Socket Mobile's level of debt (17.5%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (1690.2% vs 17.5% today).
  • Debt is well covered by operating cash flow (34.5%, greater than 20% of total debt).
  • Unable to confirm if the interest payments on Socket Mobile's debt are well covered by earnings due to lack of past financial data.
X
Financial health checks
We assess Socket Mobile's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Socket Mobile has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Socket Mobile's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Socket Mobile dividends.
If you bought €2,000 of Socket Mobile shares you are expected to receive €0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Socket Mobile's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Socket Mobile's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
BST:SNB1 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
Europe Tech Industry Average Dividend Yield Market Cap Weighted Average of 12 Stocks 1.5%
Germany Market Average Dividend Yield Market Cap Weighted Average of 327 Stocks 3%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.4%
Germany Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

BST:SNB1 Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Socket Mobile has not reported any payouts.
  • Unable to verify if Socket Mobile's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Socket Mobile's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Socket Mobile has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Socket Mobile's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Socket Mobile afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Socket Mobile has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Socket Mobile's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Kevin Mills
COMPENSATION $276,725
AGE 57
TENURE AS CEO 19.1 years
CEO Bio

Mr. Kevin J. Mills has been the President and Chief Executive Officer of Socket Mobile, Inc. since March 2000. Mr. Mills served as the Chief Operating Officer of Socket from September 1998 to March 2000. Mr. Mills joined Socket in September 1993 as Vice President of Operations and also served as its Vice President of Engineering. Prior to joining Socket, Mr. Mills worked from September 1987 to August 1993 at Logitech, Inc., serving most recently as its Director of Operations. He began his career as Quality Assurance Manager for NorthStar Computers Ireland. He has been a Director at Socket Mobile, Inc. since March 2000. He received a B.E. in Electronic Engineering from the University of Limerick, Ireland.

CEO Compensation
  • Kevin's compensation has been consistent with company performance over the past year.
  • Kevin's remuneration is about average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Socket Mobile management team in years:

18.5
Average Tenure
57
Average Age
  • The average tenure for the Socket Mobile management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Kevin Mills

TITLE
President
COMPENSATION
$277K
AGE
57
TENURE
19.1 yrs

Dave Dunlap

TITLE
VP of Finance & Administration
COMPENSATION
$204K
AGE
75
TENURE
24.2 yrs

Lee Baillif

TITLE
Vice President of Operations
COMPENSATION
$197K
AGE
57
TENURE
4.3 yrs

Leonard Ott

TITLE
Executive VP of Engineering & CTO
COMPENSATION
$209K
AGE
59
TENURE
18.5 yrs

Lynn Zhao

TITLE
VP & Controller
COMPENSATION
$157K
AGE
49
TENURE
4.3 yrs
Board of Directors Tenure

Average tenure and age of the Socket Mobile board of directors in years:

3.9
Average Tenure
59
Average Age
  • The tenure for the Socket Mobile board of directors is about average.
Board of Directors

Charlie Bass

TITLE
Chairman of the Board
COMPENSATION
$39K
AGE
76
TENURE
27.1 yrs

Kevin Mills

TITLE
President
COMPENSATION
$277K
AGE
57
TENURE
19.1 yrs

Dave Dunlap

TITLE
VP of Finance & Administration
COMPENSATION
$204K
AGE
75
TENURE
4.9 yrs

Nelson Chan

TITLE
Director
COMPENSATION
$36K
AGE
57
TENURE
2.5 yrs

Brent MacDonald

TITLE
Director
COMPENSATION
$34K
AGE
52
TENURE
2.8 yrs

Bill Parnell

TITLE
Director
COMPENSATION
$34K
AGE
61
TENURE
1.8 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess Socket Mobile's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Socket Mobile has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

Socket Mobile, Inc. produces data capture products for mobile applications used in business mobility markets in the United States, Europe, Asia, and internationally. The company’s products are incorporated into mobile applications used in mobile point of sale, enterprise mobility, asset tracking, control systems, logistics, event management, medical, and education. It provides cordless data capture devices that connect over Bluetooth and work with applications running on smartphones, mobile computers, and tablets; and software developer kits to mobile application developers to enable them to integrate its products into their applications. The company offers barcode scanning products for 1D imager and laser, and 2D barcode scanning in standard and durable cases. It is also developing D600, a contactless SmartTag reader writer version of its durable handheld barcode scanner that reads and writes various types of electronic SmartTags, including near field communications. In addition, the company offers SocketCare services program, which provides extended warranty and accidental breakage coverage for various products. It markets its products through a network of distributors and on-line resellers, application developers, and value added resellers. The company was formerly known as Socket Communications, Inc. and changed its name to Socket Mobile, Inc. in April 2008. Socket Mobile, Inc. was founded in 1992 and is headquartered in Newark, California.

Details
Name: Socket Mobile, Inc.
SNB1
Exchange: BST
Founded: 1992
$10,439,616
5,999,159
Website: http://www.socketmobile.com
Address: Socket Mobile, Inc.
39700 Eureka Drive,
Newark,
California, 94560,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqCM SCKT Common Stock Nasdaq Capital Market US USD 07. Jun 1995
BST SNB1 Common Stock Boerse-Stuttgart DE EUR 07. Jun 1995
Number of employees
Current staff
Staff numbers
56
Socket Mobile employees.
Industry
Technology Hardware, Storage and Peripherals
Tech
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/23 21:43
End of day share price update: 2019/04/23 00:00
Last estimates confirmation: 2018/02/15
Last earnings filing: 2019/03/28
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.