NasdaqCM:OESX

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Executive Summary

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


Snowflake Analysis

Flawless balance sheet with proven track record.


Similar Companies

Share Price & News

How has Orion Energy Systems's share price performed over time and what events caused price changes?


Latest Share Price and Events

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


Market Performance


7 Day Return

-0.9%

OESX

4.5%

US Electrical

2.9%

US Market


1 Year Return

65.1%

OESX

10.0%

US Electrical

8.9%

US Market

Return vs Industry: OESX exceeded the US Electrical industry which returned 10% over the past year.

Return vs Market: OESX exceeded the US Market which returned 8.9% over the past year.


Shareholder returns

OESXIndustryMarket
7 Day-0.9%4.5%2.9%
30 Day-5.1%16.1%10.6%
90 Day-4.3%3.3%5.1%
1 Year65.1%65.1%12.3%10.0%11.4%8.9%
3 Year241.5%241.5%23.5%16.2%34.3%25.4%
5 Year53.6%53.6%34.5%21.2%60.7%42.7%

Price Volatility Vs. Market

How volatile is Orion Energy Systems's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

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

10.98x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: OESX ($4.44) is trading above our estimate of fair value ($0.64)

Significantly Below Fair Value: OESX is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: OESX is good value based on its PE Ratio (11x) compared to the Electrical industry average (18.4x).

PE vs Market: OESX is good value based on its PE Ratio (11x) compared to the US market (16.4x).


Price to Earnings Growth Ratio

PEG Ratio: OESX is good value based on its PEG Ratio (0.7x)


Price to Book Ratio

PB vs Industry: OESX is overvalued based on its PB Ratio (4.3x) compared to the US Electrical industry average (2x).


Next Steps

Future Growth

How is Orion Energy Systems forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

16.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: OESX's forecast earnings growth (16.4% per year) is above the savings rate (2.2%).

Earnings vs Market: OESX's earnings (16.4% per year) are forecast to grow slower than the US market (22.3% per year).

High Growth Earnings: OESX's earnings are forecast to grow, but not significantly.

Revenue vs Market: OESX's revenue (5.4% per year) is forecast to grow slower than the US market (8.8% per year).

High Growth Revenue: OESX's revenue (5.4% 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


Next Steps

Past Performance

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

43.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: OESX has high quality earnings.

Growing Profit Margin: OESX became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: OESX has become profitable over the past 5 years, growing earnings by 43% per year.

Accelerating Growth: OESX has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: OESX has become profitable in the last year, making it difficult to compare its past year earnings growth to the Electrical industry (-8.7%).


Return on Equity

High ROE: OESX's Return on Equity (38.5%) is considered high.


Next Steps

Financial Health

How is Orion Energy Systems's financial position?


Financial Position Analysis

Short Term Liabilities: OESX's short term assets ($42.7M) exceed its short term liabilities ($23.3M).

Long Term Liabilities: OESX's short term assets ($42.7M) exceed its long term liabilities ($2.3M).


Debt to Equity History and Analysis

Debt Level: OESX's debt to equity ratio (2.6%) is considered satisfactory.

Reducing Debt: OESX's debt to equity ratio has reduced from 8.5% to 2.6% over the past 5 years.

Debt Coverage: OESX's debt is well covered by operating cash flow (1306%).

Interest Coverage: OESX's interest payments on its debt are well covered by EBIT (19.4x coverage).


Balance Sheet


Next Steps

Dividend

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


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.


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 OESX'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?

3.9yrs

Average management tenure


CEO

Mike Altschaefl (60yo)

3.08yrs

Tenure

US$644,866

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 ($USD644.87K) is about average for companies of similar size in the US market ($USD577.87K).

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


Leadership Team

NamePositionTenureCompensationOwnership
Michael Altschaefl
CEO & Board Chair3.08yrsUS$644.87k2.1% $2.8m
William Hull
CFO, Executive VP4.67yrsUS$530.17k3.16% $4.2m
Scott Green
Executive VP & COO3.08yrsUS$506.51k1.16% $1.6m
Marc Meade
Senior Vice President of Operations Planning & Business Development6.42yrsUS$469.34k1.33% $1.8m
Steven Barth
Outside Legal Counsel & Board Secretaryno datano datano data
Linda Diedrich
Director of Marketing & Communications no datano datano data
Kevin Crawford
Senior Vice President of External Affairs - Orion Engineered Systemsno datano datano data
Omar Rivera
Senior Vice President of Product Development4.92yrsno datano data
Kevin Grayson
Senior Vice President for Channel Sales2.83yrsno datano data

3.9yrs

Average Tenure

60yo

Average Age

Experienced Management: OESX's management team is considered experienced (3.9 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Michael Altschaefl
CEO & Board Chair3.08yrsUS$644.87k2.1% $2.8m
Ellen Richstone
Independent Director3.08yrsUS$90.16k0.30% $409.1k
Kenneth Young
Independent Director2.83yrsUS$85.16k0.21% $282.3k
Alan Howe
Director1.08yrsno data0.030% $40.1k
Mark Williamson
Independent Director11.17yrsUS$102.56k0.41% $545.4k
Anthony Otten
Lead Independent Director3yrsUS$106.56k0.36% $482.6k
Michael Potts
Director19.42yrsUS$90.43k1.79% $2.4m

3.1yrs

Average Tenure

60yo

Average Age

Experienced Board: OESX's board of directors are considered experienced (3.1 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 been diluted in the past year, with total shares outstanding growing by 2.2%.


Top Shareholders

Company Information

Orion Energy Systems, Inc.'s company bio, 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
  • Market Cap: US$134.378m
  • Shares outstanding: 30.27m
  • Website: https://www.orionlighting.com

Number of Employees


Location

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

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
5A4DB (Deutsche Boerse AG)YesCommon StockDEEURDec 2007
OESXNasdaqCM (Nasdaq Capital Market)YesCommon StockUSUSDDec 2007

Biography

Orion Energy Systems, Inc. researches, designs, develops, manufactures, implements, markets, and sells energy management systems for the commercial office and retail, area lighting, and industrial markets in North America. The company operates in three segments: Orion U.S. Markets Division, Orion Engineered Systems Division, and Orion Distribution Services Division. It offers LED Troffer Door Retrofit for use in office or retail grid ceilings; and LED interior high bay lighting products, including Apollo class of LED interior fixtures designed for new construction and retrofit projects, as well as ISON class of LED interior fixtures. The company also provides an array of smart building control systems, which provide lighting control options and data intelligence capabilities for building managers under the InteLite brand or procured from third parties; and various other LED, HIF, and induction fixtures for lighting and energy management needs comprising fixtures for agribusinesses, parking lots, roadways, retail, mezzanine, outdoor applications, and private label resale. In addition, it offers lighting-related energy management services, such as site assessment, site field verification, utility incentive and government subsidy management, engineering design, project management, and installation; and sells and distributes replacement lamps and fixture components into the after-market. The company serves customers directly; and through independent sales agencies and distributors, and energy service companies and electrical contractors. Orion Energy Systems, Inc. was founded in 1996 and is headquartered in Manitowoc, Wisconsin. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/06/05 04:34
End of Day Share Price2020/06/04 00:00
Earnings2019/12/31
Annual Earnings2019/03/31


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.