NasdaqCM:FRSX

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Foresight Autonomous Holdings

Executive Summary

Foresight Autonomous Holdings Ltd., a technology company, designs, develops, and commercializes sensor systems for the automotive industry.


Snowflake Analysis

Adequate balance sheet with weak fundamentals.


Similar Companies

Share Price & News

How has Foresight Autonomous Holdings's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: FRSX's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

0%

FRSX

0.9%

US Auto Components

2.3%

US Market


1 Year Return

-20.2%

FRSX

-10.0%

US Auto Components

6.7%

US Market

Return vs Industry: FRSX underperformed the US Auto Components industry which returned -8.6% over the past year.

Return vs Market: FRSX underperformed the US Market which returned 6% over the past year.


Shareholder returns

FRSXIndustryMarket
7 Day0%0.9%2.3%
30 Day28.5%-12.0%-0.7%
90 Day143.1%23.3%17.1%
1 Year-20.2%-20.2%-8.8%-10.0%9.0%6.7%
3 Year-81.6%-81.6%-24.3%-32.4%36.7%27.8%
5 Yearn/a-6.4%-20.1%65.2%46.9%

Price Volatility Vs. Market

How volatile is Foresight Autonomous Holdings's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Foresight Autonomous Holdings undervalued compared to its fair value and its price relative to the market?

14.16x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate FRSX's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate FRSX's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: FRSX is unprofitable, so we can't compare its PE Ratio to the Auto Components industry average.

PE vs Market: FRSX is unprofitable, so we can't compare its PE Ratio to the US market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate FRSX's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: FRSX is overvalued based on its PB Ratio (14.2x) compared to the US Auto Components industry average (1.5x).


Next Steps

Future Growth

How is Foresight Autonomous Holdings forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

-57.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: FRSX is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: FRSX is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: FRSX is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: Insufficient data to determine if FRSX's revenue is forecast to grow faster than the US market.

High Growth Revenue: Insufficient data to determine if FRSX's revenue is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if FRSX's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Foresight Autonomous Holdings performed over the past 5 years?

-21.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: FRSX is currently unprofitable.

Growing Profit Margin: FRSX is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: FRSX is unprofitable, and losses have increased over the past 5 years at a rate of -21.5% per year.

Accelerating Growth: Unable to compare FRSX's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: FRSX is unprofitable, making it difficult to compare its past year earnings growth to the Auto Components industry (3.5%).


Return on Equity

High ROE: FRSX has a negative Return on Equity (-130.49%), as it is currently unprofitable.


Next Steps

Financial Health

How is Foresight Autonomous Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: FRSX's short term assets ($7.2M) exceed its short term liabilities ($1.7M).

Long Term Liabilities: FRSX's short term assets ($7.2M) exceed its long term liabilities ($919.0K).


Debt to Equity History and Analysis

Debt Level: FRSX is debt free.

Reducing Debt: FRSX has not had any debt for past 5 years.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: FRSX has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: FRSX has less than a year of cash runway if free cash flow continues to reduce at historical rates of 50.5% each year


Next Steps

Dividend

What is Foresight Autonomous Holdings's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate FRSX's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate FRSX's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if FRSX's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if FRSX's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of FRSX's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

4.5yrs

Average management tenure


CEO

Haim Siboni (61yo)

4.5yrs

Tenure

US$677,800

Compensation

Mr. Haim Siboni has been Chief Executive Officer and Director of Foresight Autonomous Holdings Ltd since December 2015 and January 5, 2016 respectively and Magna B.S.P. Ltd., since January 2001. Mr. Siboni ...


CEO Compensation Analysis

Compensation vs Market: Haim's total compensation ($USD677.80K) is about average for companies of similar size in the US market ($USD609.39K).

Compensation vs Earnings: Haim's compensation has increased whilst the company is unprofitable.


Leadership Team

NamePositionTenureCompensationOwnership
Haim Siboni
CEO & Director4.5yrsUS$677.80kno data
Eliyahu Yoresh
Chief Financial Officer10.33yrsUS$199.70kno data
Oren Baron
Vice President of Operations2.75yrsUS$272.60kno data
Dror Elbaz
COO & Deputy CEO of Eye-Net Mobile Ltdno dataUS$353.10kno data
Levy Zruya
Chief Technology Officer1.5yrsno datano data
Sivan Scherf
Vice President of Human Recourses Officerno datano datano data
Kfir Zilberman
Business Development & Capital Market Consultant4.5yrsUS$420.00kno data

4.5yrs

Average Tenure

48yo

Average Age

Experienced Management: FRSX's management team is considered experienced (4.5 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Haim Siboni
CEO & Director4.5yrsUS$677.80kno data
Vered Raz-Avayo
Independent Director3yrsno datano data
Shaul Gilad
Director4.5yrsno datano data
Zeev Levenberg
Independent Directorno datano datano data
Michael Gally
Independent Chairman of the Board4.33yrsno datano data
Ehud Aharoni
Independent External Director4.5yrsno datano data
Daniel Avidan
Independent External Director3yrsno datano data

4.4yrs

Average Tenure

57yo

Average Age

Experienced Board: FRSX's board of directors are considered experienced (4.4 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 23.5%.


Top Shareholders

Company Information

Foresight Autonomous Holdings Ltd.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Foresight Autonomous Holdings Ltd.
  • Ticker: FRSX
  • Exchange: NasdaqCM
  • Founded: 1977
  • Industry: Auto Parts and Equipment
  • Sector: Automobiles
  • Market Cap: ₪213.080m
  • Listing Market Cap: ₪61.712m
  • Shares outstanding: 190.25m
  • Website: https://www.foresightauto.com

Number of Employees


Location

  • Foresight Autonomous Holdings Ltd.
  • Weizmann Science Park
  • 7 Golda Meir Street
  • Ness Ziona
  • 7403650
  • Israel

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
FRSXTASE (The Tel-Aviv Stock Exchange)YesOrdinary SharesILILSDec 2015
FRSXNasdaqCM (Nasdaq Capital Market)SPONSORED ADSUSUSDJun 2017
1FZADB (Deutsche Boerse AG)SPONSORED ADSDEEURJun 2017

Biography

Foresight Autonomous Holdings Ltd., a technology company, designs, develops, and commercializes sensor systems for the automotive industry. The company develops in-line-of-sight vision systems and beyond-line-of-site cellular-based applications. It offers QuadSight system, a quad-camera multi-spectral vision system for the semi-autonomous and autonomous vehicle market; V2X (vehicle-to-everything), an accident prevention solution based on real-time multi-agents positioning algorithms that enables communication between vehicles, infrastructure, grid, home, and network; and Eye-Net, a software-based cellular V2X solution to provide real-time pre-collision alerts to vulnerable road users and vehicles by using smartphones. The company has a strategic cooperation agreement with Wuhan Guide Infrared Co., Ltd. to develop and market QuadSight vision system. The company was formerly known as Asia Development (A.D.B.M.) Ltd. and changed its name to Foresight Autonomous Holdings Ltd. in 2016. Foresight Autonomous Holdings Ltd. was incorporated in 1977 and is based in Ness Ziona, Israel. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/07/09 00:26
End of Day Share Price2020/07/08 00:00
Earnings2020/03/31
Annual Earnings2019/12/31


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.