company background image
OESX

Orion Energy Systems NasdaqCM:OESX Stock Report

Last Price

US$2.28

Market Cap

US$70.9m

7D

-6.6%

1Y

-64.4%

Updated

28 May, 2022

Data

Company Financials +
OESX fundamental analysis
Snowflake Score
Valuation6/6
Future Growth4/6
Past Performance5/6
Financial Health6/6
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$2.28
52 Week HighUS$6.78
52 Week LowUS$2.15
Beta2.08
1 Month Change-15.56%
3 Month Change-23.75%
1 Year Change-64.43%
3 Year Change18.14%
5 Year Change61.70%
Change since IPO-89.35%

Recent News & Updates

May 26

Orion Energy Systems: Down But Certainly Not Out

Revisions continue to get dialed down both in Orion's sales and earnings. However, gross margins continue to grow and organic growth is still expected next year. We need to see some stability in the upcoming Q4 earnings report. Some strong insider buying at these levels would definitely be encouraging for bewildered shareholders.

Feb 23

Orion Energy: $3 A Share Reflects Sentiment And Not The Fundamentals

Revenue dropped sharply in Q3 due to being up against a tough comparable. Book value and margins, however, continue to rise. We continue to wait for Orion to give us a technical buy signal.

Shareholder Returns

OESXUS ElectricalUS Market
7D-6.6%7.0%6.2%
1Y-64.4%-17.5%-11.4%

Return vs Industry: OESX underperformed the US Electrical industry which returned -17.5% over the past year.

Return vs Market: OESX underperformed the US Market which returned -10.2% over the past year.

Price Volatility

Is OESX's price volatile compared to industry and market?
OESX volatility
OESX Average Weekly Movement7.8%
Electrical Industry Average Movement11.4%
Market Average Movement7.8%
10% most volatile stocks in US Market17.0%
10% least volatile stocks in US Market2.8%

Stable Share Price: OESX is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 8% a week.

Volatility Over Time: OESX's weekly volatility (8%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1996213Mike 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 in three segments: Orion Engineered Systems, 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$70.89m
Earnings (TTM)US$29.40m
Revenue (TTM)US$137.82m

2.4x

P/E Ratio

0.5x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
OESX income statement (TTM)
RevenueUS$137.82m
Cost of RevenueUS$99.94m
Gross ProfitUS$37.88m
Other ExpensesUS$8.48m
EarningsUS$29.40m

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

Jun 07, 2022

Earnings per share (EPS)0.95
Gross Margin27.48%
Net Profit Margin21.33%
Debt/Equity Ratio0%

How did OESX perform over the long term?

See historical performance and comparison

Valuation

Is Orion Energy Systems undervalued compared to its fair value and its price relative to the market?

Valuation Score

6/6

Valuation Score 6/6

  • Below Fair Value

  • Significantly Below Fair Value

  • PE vs Industry

  • PE vs Market

  • PEG Ratio

  • PB vs Industry


>50%

Undervalued compared to fair value

Share Price vs. Fair Value

Below Fair Value: OESX ($2.28) is trading below our estimate of fair value ($18.89)

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


Price To Earnings Ratio

PE vs Industry: OESX is good value based on its Price-To-Earnings Ratio (2.4x) compared to the US Electrical industry average (20x).

PE vs Market: OESX is good value based on its Price-To-Earnings Ratio (2.4x) compared to the US market (15.6x).


Price to Earnings Growth Ratio

PEG Ratio: OESX is good value based on its PEG Ratio (0.1x)


Price to Book Ratio

PB vs Industry: OESX is good value based on its Price-To-Book Ratio (1.1x) compared to the US Electrical industry average (2.4x).


Future Growth

How is Orion Energy Systems forecast to perform in the next 1 to 3 years based on estimates from 4 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


24.3%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: OESX's forecast earnings growth (24.3% per year) is above the savings rate (1.9%).

Earnings vs Market: OESX's earnings (24.3% per year) are forecast to grow faster than the US market (13.2% per year).

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

Revenue vs Market: OESX's revenue (15.5% per year) is forecast to grow faster than the US market (8.1% per year).

High Growth Revenue: OESX's revenue (15.5% 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


Past Performance

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

Past Performance Score

5/6

Past Performance Score 5/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


72.6%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: OESX has a high level of non-cash earnings.

Growing Profit Margin: OESX's current net profit margins (21.3%) are higher than last year (3.2%).


Past Earnings Growth Analysis

Earnings Trend: OESX has become profitable over the past 5 years, growing earnings by 72.6% per year.

Accelerating Growth: OESX's earnings growth over the past year (744.9%) exceeds its 5-year average (72.6% per year).

Earnings vs Industry: OESX earnings growth over the past year (744.9%) exceeded the Electrical industry 33.8%.


Return on Equity

High ROE: OESX's Return on Equity (44.5%) is considered outstanding.


Financial Health

How is Orion Energy Systems's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

  • 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 ($54.4M) exceed its short term liabilities ($22.5M).

Long Term Liabilities: OESX's short term assets ($54.4M) exceed its long term liabilities ($3.4M).


Debt to Equity History and Analysis

Debt Level: OESX is debt free.

Reducing Debt: OESX has no debt compared to 5 years ago when its debt to equity ratio was 14.2%.

Debt Coverage: OESX has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: OESX has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


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.


Discover strong dividend paying companies

Management

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

1.3yrs

Average management tenure


CEO

Mike Altschaefl (62 yo)

5yrs

Tenure

US$1,304,173

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 ($USD1.30M) is above average for companies of similar size in the US market ($USD759.98K).

Compensation vs Earnings: Mike's compensation has increased by more than 20% in 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: Insufficient data to determine if 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$70.891m
  • Shares outstanding: 31.09m
  • 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 Analysis2022/05/28 00:00
End of Day Share Price2022/05/27 00:00
Earnings2021/12/31
Annual Earnings2021/03/31


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.