NasdaqCM:HDSN

Stock Analysis Report

Executive Summary

Hudson Technologies, Inc. a refrigerant services company, provides solutions to recurring problems within the refrigeration industry primarily in the United States.


Snowflake Analysis

Fair value with mediocre balance sheet.

Share Price & News

How has Hudson Technologies's share price performed over time and what events caused price changes?


Latest Share Price and Events

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


Market Performance


7 Day Return

3.3%

HDSN

5.2%

US Commercial Services

7.2%

US Market


1 Year Return

-67.3%

HDSN

-15.4%

US Commercial Services

-10.4%

US Market

Return vs Industry: HDSN underperformed the US Commercial Services industry which returned -15.4% over the past year.

Return vs Market: HDSN underperformed the US Market which returned -10.4% over the past year.


Shareholder returns

HDSNIndustryMarket
7 Day3.3%5.2%7.2%
30 Day-21.5%-19.9%-12.6%
90 Day-34.5%-23.5%-19.4%
1 Year-67.3%-67.3%-12.4%-15.4%-8.5%-10.4%
3 Year-89.9%-89.9%17.4%9.8%15.8%8.3%
5 Year-83.2%-83.2%42.1%27.0%35.8%21.0%

Price Volatility Vs. Market

How volatile is Hudson Technologies's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Hudson Technologies undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: HDSN ($0.64) is trading below our estimate of fair value ($6.15)

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


Price To Earnings Ratio

PE vs Industry: HDSN is unprofitable, so we can't compare its PE Ratio to the Commercial Services industry average.

PE vs Market: HDSN 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 HDSN's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: HDSN is good value based on its PB Ratio (0.6x) compared to the US Commercial Services industry average (1.3x).


Next Steps

Future Growth

How is Hudson Technologies forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

129.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

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

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

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

Revenue vs Market: HDSN's revenue (4.8% per year) is forecast to grow slower than the US market (7.2% per year).

High Growth Revenue: HDSN's revenue (4.8% 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 HDSN's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Hudson Technologies performed over the past 5 years?

-57.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: HDSN is currently unprofitable.

Growing Profit Margin: HDSN is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: HDSN is unprofitable, and losses have increased over the past 5 years at a rate of -57.4% per year.

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

Earnings vs Industry: HDSN is unprofitable, making it difficult to compare its past year earnings growth to the Commercial Services industry (2.5%).


Return on Equity

High ROE: HDSN has a negative Return on Equity (-57.5%), as it is currently unprofitable.


Next Steps

Financial Health

How is Hudson Technologies's financial position?


Financial Position Analysis

Short Term Liabilities: HDSN's short term assets ($74.4M) exceed its short term liabilities ($46.1M).

Long Term Liabilities: HDSN's short term assets ($74.4M) do not cover its long term liabilities ($88.9M).


Debt to Equity History and Analysis

Debt Level: HDSN's debt to equity ratio (219.4%) is considered high.

Reducing Debt: HDSN's debt to equity ratio has increased from 24.4% to 219.4% over the past 5 years.


Balance Sheet

Inventory Level: HDSN has a high level of physical assets or inventory.

Debt Coverage by Assets: HDSN's debt is not covered by short term assets (assets are 0.8x debt).


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: Whilst unprofitable HDSN has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: HDSN is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 44.4% per year.


Next Steps

Dividend

What is Hudson Technologies's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

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


Stability and Growth of Payments

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

Growing Dividend: Insufficient data to determine if HDSN'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 HDSN'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?

11.0yrs

Average management tenure


CEO

Kevin Zugibe (55yo)

29.17s

Tenure

US$960,811

Compensation

Mr. Kevin J. Zugibe, P.E., is Founder of Hudson Technologies Inc. and has been its Chairman and Chief Executive Officer since 1991. Mr. Zugibe served as the President of Hudson Technologies Inc. from July  ...


CEO Compensation Analysis

Compensation vs Market: Kevin's total compensation ($USD960.81K) is above average for companies of similar size in the US market ($USD602.37K).

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


Leadership Team

NamePositionTenureCompensationOwnership
Kevin Zugibe
Founder29.17yrsUS$960.81k8.64% $2.4m
Brian Coleman
President12.25yrsUS$785.43k1.34% $364.8k
Nat Krishnamurti
VP, Secretary & CFO3.42yrsUS$464.51k0.035% $9.5k
Stephen Mandracchia
Founderno dataUS$482.60k3% $818.5k
Ryan Maupin
Chief Restructuring Officer0.17yrno datano data
Riyaz Papar
Director of Global Energy Servicesno datano datano data

11.0yrs

Average Tenure

56yo

Average Age

Experienced Management: HDSN's management team is seasoned and experienced (11 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Kevin Zugibe
Founder29.17yrsUS$960.81k8.64% $2.4m
Brian Coleman
President12.25yrsUS$785.43k1.34% $364.8k
Vincent Abbatecola
Independent Director25.67yrsUS$56.00k0.52% $141.8k
Dominic Monetta
Independent Director23.83yrsUS$56.00k0.23% $64.1k
Otto Morch
Independent Director24yrsUS$56.00k0.31% $85.4k
Eric Proudy
Independent Director5.42yrsUS$95.00k0.19% $51.6k
Richard Caruso
Independent Director0.25yrno datano data
Richard Parrillo
Independent Director5.42yrsUS$51.00k0.28% $76.5k
Jill Frizzley
Independent Director0.25yrno datano data

12.3yrs

Average Tenure

66yo

Average Age

Experienced Board: HDSN's board of directors are seasoned and experienced ( 12.3 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

Hudson Technologies, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Hudson Technologies, Inc.
  • Ticker: HDSN
  • Exchange: NasdaqCM
  • Founded: 1991
  • Industry: Environmental and Facilities Services
  • Sector: Commercial Services
  • Market Cap: US$27.282m
  • Shares outstanding: 42.63m
  • Website: https://www.hudsontech.com

Number of Employees


Location

  • Hudson Technologies, Inc.
  • One Blue Hill Plaza
  • PO Box 1541
  • Pearl River
  • New York
  • 10965
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
HDSNNasdaqCM (Nasdaq Capital Market)YesCommon StockUSUSDNov 1994
HT4DB (Deutsche Boerse AG)YesCommon StockDEEURNov 1994
HT4BRSE (Berne Stock Exchange)YesCommon StockCHCHFNov 1994

Biography

Hudson Technologies, Inc. a refrigerant services company, provides solutions to recurring problems within the refrigeration industry primarily in the United States. The company’s products and services include refrigerant and industrial gas sales; refrigerant management services consisting primarily of reclamation of refrigerants, re-usable cylinder refurbishment, and hydrostatic testing services; and RefrigerantSide services comprising system decontamination to remove moisture, oils, and other contaminants. It also offers SmartEnergy OPS service, a web-based real time continuous monitoring service; and Chiller Chemistry and Chill Smart services. In addition, the company participates in the generation of carbon offset projects. It serves commercial, industrial, and governmental customers, as well as refrigerant wholesalers, distributors, contractors, and refrigeration equipment manufacturers. Hudson Technologies, Inc. was founded in 1991 and is headquartered in Pearl River, New York. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/03/31 01:04
End of Day Share Price2020/03/30 00:00
Earnings2019/12/31
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.