Foresight Autonomous Holdings
Market Cap
US$61.7m
Last Updated
2020/07/09 00:26 UTC
Data Sources
Company Financials +
Executive Summary
Foresight Autonomous Holdings Ltd., a technology company, designs, develops, and commercializes sensor systems for the automotive industry.
Risk Analysis
Earnings are forecast to decline by an average of -57.9% per year for the next 3 years
Currently unprofitable and not forecast to become profitable over the next 3 years
+ 2 more risks
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
| FRSX | Industry | Market | |
|---|---|---|---|
| 7 Day | 0% | 0.9% | 2.3% |
| 30 Day | 28.5% | -12.0% | -0.7% |
| 90 Day | 143.1% | 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 Year | n/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
2 years ago | Simply Wall St
When Should You Buy Foresight Autonomous Holdings Ltd (NASDAQ:FRSX)?2 years ago | Simply Wall St
Who Are The Top Investors In Foresight Autonomous Holdings Ltd (FRSX)?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
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Director | 4.5yrs | US$677.80k | no data | |
| Chief Financial Officer | 10.33yrs | US$199.70k | no data | |
| Vice President of Operations | 2.75yrs | US$272.60k | no data | |
| COO & Deputy CEO of Eye-Net Mobile Ltd | no data | US$353.10k | no data | |
| Chief Technology Officer | 1.5yrs | no data | no data | |
| Vice President of Human Recourses Officer | no data | no data | no data | |
| Business Development & Capital Market Consultant | 4.5yrs | US$420.00k | no data |
4.5yrs
Average Tenure
48yo
Average Age
Experienced Management: FRSX's management team is considered experienced (4.5 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Director | 4.5yrs | US$677.80k | no data | |
| Independent Director | 3yrs | no data | no data | |
| Director | 4.5yrs | no data | no data | |
| Independent Director | no data | no data | no data | |
| Independent Chairman of the Board | 4.33yrs | no data | no data | |
| Independent External Director | 4.5yrs | no data | no data | |
| Independent External Director | 3yrs | no data | no 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
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| FRSX | TASE (The Tel-Aviv Stock Exchange) | Yes | Ordinary Shares | IL | ILS | Dec 2015 |
| FRSX | NasdaqCM (Nasdaq Capital Market) | SPONSORED ADS | US | USD | Jun 2017 | |
| 1FZA | DB (Deutsche Boerse AG) | SPONSORED ADS | DE | EUR | Jun 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
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/07/09 00:26 |
| End of Day Share Price | 2020/07/08 00:00 |
| Earnings | 2020/03/31 |
| Annual Earnings | 2019/12/31 |
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.