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OESX

Orion Energy Systems NasdaqCM:OESX Stock Report

Last Price

US$2.04

Market Cap

US$63.4m

7D

-0.5%

1Y

-62.8%

Updated

01 Jul, 2022

Data

Company Financials +
OESX fundamental analysis
Snowflake Score
Valuation6/6
Future Growth4/6
Past Performance2/6
Financial Health5/6
Dividends0/6

OESX Stock Overview

Orion Energy Systems, Inc. researches, designs, develops, manufactures, markets, sells, installs, and implements energy management systems for commercial office and retail, exterior area lighting, and industrial applications in North America.

Orion Energy Systems Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Orion Energy Systems
Historical stock prices
Current Share PriceUS$2.04
52 Week HighUS$5.68
52 Week LowUS$1.97
Beta2.09
1 Month Change-10.13%
3 Month Change-27.92%
1 Year Change-62.77%
3 Year Change-33.98%
5 Year Change58.14%
Change since IPO-90.47%

Recent News & Updates

Jun 10
Analysts Are More Bearish On Orion Energy Systems, Inc. (NASDAQ:OESX) Than They Used To Be

Analysts Are More Bearish On Orion Energy Systems, Inc. (NASDAQ:OESX) Than They Used To Be

Market forces rained on the parade of Orion Energy Systems, Inc. ( NASDAQ:OESX ) shareholders today, when the analysts...

Shareholder Returns

OESXUS ElectricalUS Market
7D-0.5%-3.7%-2.5%
1Y-62.8%-30.6%-21.2%

Return vs Industry: OESX underperformed the US Electrical industry which returned -31.3% over the past year.

Return vs Market: OESX underperformed the US Market which returned -21.7% over the past year.

Price Volatility

Is OESX's price volatile compared to industry and market?
OESX volatility
OESX Average Weekly Movement7.3%
Electrical Industry Average Movement11.8%
Market Average Movement8.1%
10% most volatile stocks in US Market16.9%
10% least volatile stocks in US Market3.2%

Stable Share Price: OESX is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 7% a week.

Volatility Over Time: OESX's weekly volatility (7%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1996314Mike Altschaeflhttps://www.orionlighting.com

Orion Energy Systems, Inc. researches, designs, develops, manufactures, markets, sells, installs, and implements energy management systems for commercial office and retail, exterior area lighting, and industrial applications in North America. The company operates through three segments: Orion Services Group, Orion Distribution Services, and Orion U.S. Markets.

Orion Energy Systems Fundamentals Summary

How do Orion Energy Systems's earnings and revenue compare to its market cap?
OESX fundamental statistics
Market CapUS$63.44m
Earnings (TTM)US$6.09m
Revenue (TTM)US$124.38m

10.4x

P/E Ratio

0.5x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
OESX income statement (TTM)
RevenueUS$124.38m
Cost of RevenueUS$91.26m
Gross ProfitUS$33.12m
Other ExpensesUS$27.03m
EarningsUS$6.09m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)0.20
Gross Margin26.63%
Net Profit Margin4.90%
Debt/Equity Ratio0.05%

How did OESX perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

Is OESX undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

6/6

Valuation Score 6/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

Which metric is best to use when looking at relative valuation for OESX?

Other financial metrics that can be useful for relative valuation.

OESX key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue0.4x
Enterprise Value/EBITDA5x
PEG Ratio0.3x

Price to Earnings Ratio vs Peers

How does OESX's PE Ratio compare to its peers?

OESX PE Ratio vs Peers
The above table shows the PE ratio for OESX vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average10.6x
OZSC Ozop Energy Solutions
4.2xn/aUS$55.5m
HTOO Fusion Fuel Green
3.5x-14.5%US$84.9m
ESP Espey Mfg. & Electronics
18.6xn/aUS$34.7m
LYTS LSI Industries
16x23.6%US$160.7m
OESX Orion Energy Systems
10.4x34.7%US$63.4m

Price-To-Earnings vs Peers: OESX is good value based on its Price-To-Earnings Ratio (10.4x) compared to the peer average (10.6x).


Price to Earnings Ratio vs Industry

How does OESX's PE Ratio compare vs other companies in the US Electrical Industry?

Price-To-Earnings vs Industry: OESX is good value based on its Price-To-Earnings Ratio (10.4x) compared to the US Electrical industry average (17.6x)


Price to Earnings Ratio vs Fair Ratio

What is OESX's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

OESX PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio10.4x
Fair PE Ratio20.8x

Price-To-Earnings vs Fair Ratio: OESX is good value based on its Price-To-Earnings Ratio (10.4x) compared to the estimated Fair Price-To-Earnings Ratio (20.8x).


Share Price vs Fair Value

What is the Fair Price of OESX when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: OESX ($2.04) is trading below our estimate of fair value ($11.98)

Significantly Below Fair Value: OESX is trading below fair value by more than 20%.


Price to Earnings Growth Ratio

PEG Ratio: OESX is good value based on its PEG Ratio (0.3x)


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Future Growth

How is Orion Energy Systems forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?

Future Growth Score

4/6

Future Growth Score 4/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


34.7%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: OESX's forecast earnings growth (34.7% per year) is above the savings rate (1.9%).

Earnings vs Market: OESX's earnings (34.7% per year) are forecast to grow faster than the US market (13.6% per year).

High Growth Earnings: OESX's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: OESX's revenue (17.2% per year) is forecast to grow faster than the US market (8.2% per year).

High Growth Revenue: OESX's revenue (17.2% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

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


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Past Performance

How has Orion Energy Systems performed over the past 5 years?

Past Performance Score

2/6

Past Performance Score 2/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


69.2%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: OESX has high quality earnings.

Growing Profit Margin: OESX's current net profit margins (4.9%) are lower than last year (22.4%).


Past Earnings Growth Analysis

Earnings Trend: OESX has become profitable over the past 5 years, growing earnings by 69.2% per year.

Accelerating Growth: OESX's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: OESX had negative earnings growth (-76.7%) over the past year, making it difficult to compare to the Electrical industry average (31.2%).


Return on Equity

High ROE: OESX's Return on Equity (9.4%) is considered low.


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Financial Health

How is Orion Energy Systems's financial position?

Financial Health Score

5/6

Financial Health Score 5/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: OESX's short term assets ($51.2M) exceed its short term liabilities ($18.4M).

Long Term Liabilities: OESX's short term assets ($51.2M) exceed its long term liabilities ($3.3M).


Debt to Equity History and Analysis

Debt Level: OESX has more cash than its total debt.

Reducing Debt: OESX's debt to equity ratio has reduced from 18.9% to 0.05% over the past 5 years.

Debt Coverage: OESX's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: OESX's interest payments on its debt are well covered by EBIT (62.7x coverage).


Balance Sheet


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Dividend

What is Orion Energy Systems's current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage

Dividend Yield vs Market

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

High Dividend: Unable to evaluate OESX'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 OESX's dividends per share have been stable in the past.

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


Earnings Payout to Shareholders

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


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as OESX has not reported any payouts.


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Management

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

1.3yrs

Average management tenure


CEO

Mike Altschaefl (63 yo)

5.08yrs

Tenure

US$1,032,537

Compensation

Mr. Michael W. Altschaefl, also known as Mike, CPA, has been the Chief Executive Officer of Orion Energy Systems, Inc since May 25, 2017. Mr. Altschaefl served as Vice President of Strategy and Business De...


CEO Compensation Analysis

Compensation vs Market: Mike's total compensation ($USD1.03M) is above average for companies of similar size in the US market ($USD765.69K).

Compensation vs Earnings: Mike's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: OESX's management team is not considered experienced ( 1.3 years average tenure), which suggests a new team.


Board Members

Experienced Board: OESX's board of directors are considered experienced (6.8 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: OESX insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Orion Energy Systems, Inc.'s employee growth, exchange listings and data sources


Key Information

  • Name: Orion Energy Systems, Inc.
  • Ticker: OESX
  • Exchange: NasdaqCM
  • Founded: 1996
  • Industry: Electrical Components and Equipment
  • Sector: Capital Goods
  • Implied Market Cap: US$63.442m
  • Shares outstanding: 31.10m
  • Website: https://www.orionlighting.com

Number of Employees


Location

  • Orion Energy Systems, Inc.
  • 2210 Woodland Drive
  • Manitowoc
  • Wisconsin
  • 54220
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/07/01 00:00
End of Day Share Price2022/07/01 00:00
Earnings2022/03/31
Annual Earnings2022/03/31


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.