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MICS

Singing Machine Company NasdaqCM:MICS Stock Report

Last Price

US$7.42

Market Cap

US$22.4m

7D

-10.2%

1Y

-25.1%

Updated

09 Aug, 2022

Data

Company Financials
MICS fundamental analysis
Snowflake Score
Valuation0/6
Future Growth0/6
Past Performance0/6
Financial Health3/6
Dividends0/6

MICS Stock Overview

The Singing Machine Company, Inc., together with its subsidiaries, engages in the development, marketing, and sale of consumer karaoke audio equipment, accessories, and musical recordings in North America, Europe, and Australia.

Singing Machine Company Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Singing Machine Company
Historical stock prices
Current Share PriceUS$7.42
52 Week HighUS$14.70
52 Week LowUS$2.39
Beta-0.41
1 Month Change-8.73%
3 Month Change37.41%
1 Year Change-25.05%
3 Year Change12.42%
5 Year Change-50.03%
Change since IPO-99.19%

Recent News & Updates

Jul 14

Singing Machine GAAP EPS of $0.14, revenue of $47.51M

Singing Machine press release (NASDAQ:MICS): FY GAAP EPS of $0.14. Revenue of $47.51M (+3.7% Y/Y).

Shareholder Returns

MICSUS Consumer DurablesUS Market
7D-10.2%0.4%0.3%
1Y-25.1%-29.7%-13.5%

Return vs Industry: MICS exceeded the US Consumer Durables industry which returned -26.6% over the past year.

Return vs Market: MICS underperformed the US Market which returned -13% over the past year.

Price Volatility

Is MICS's price volatile compared to industry and market?
MICS volatility
MICS Average Weekly Movement28.6%
Consumer Durables Industry Average Movement8.0%
Market Average Movement7.9%
10% most volatile stocks in US Market17.2%
10% least volatile stocks in US Market3.2%

Stable Share Price: MICS is more volatile than 90% of US stocks over the past 3 months, typically moving +/- 29% a week.

Volatility Over Time: MICS's weekly volatility has increased from 21% to 29% over the past year.

About the Company

FoundedEmployeesCEOWebsite
198232Gary Atkinsonhttps://singingmachine.com

The Singing Machine Company, Inc., together with its subsidiaries, engages in the development, marketing, and sale of consumer karaoke audio equipment, accessories, and musical recordings in North America, Europe, and Australia. It offers karaoke products under the Singing Machine brand; licensed karaoke microphone products under the Carpool Karaoke brand; microphone accessories and portable Bluetooth microphones under the Party Machine brand; music entertainment singing machines for children under the brand Singing Machine Kids; and karaoke music subscription services for the iOS and Android platforms, as well as a web-based download store and integrated streaming services for hardware. The company primarily sells its products to retailers, including national chains, warehouse clubs, department stores, lifestyle merchants, specialty stores, and direct mail catalogs and showrooms.

Singing Machine Company Fundamentals Summary

How do Singing Machine Company's earnings and revenue compare to its market cap?
MICS fundamental statistics
Market CapUS$22.39m
Earnings (TTM)US$230.47k
Revenue (TTM)US$47.51m

97.2x

P/E Ratio

0.5x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
MICS income statement (TTM)
RevenueUS$47.51m
Cost of RevenueUS$36.70m
Gross ProfitUS$10.81m
Other ExpensesUS$10.58m
EarningsUS$230.47k

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)0.076
Gross Margin22.76%
Net Profit Margin0.49%
Debt/Equity Ratio30.5%

How did MICS perform over the long term?

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

Valuation

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

Valuation Score

0/6

Valuation Score 0/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

MICS 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/Revenue0.5x
Enterprise Value/EBITDA77.8x
PEG Ration/a

Price to Earnings Ratio vs Peers

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

MICS PE Ratio vs Peers
The above table shows the PE ratio for MICS vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average20.5x
KOSS Koss
63.8xn/aUS$77.5m
GPRO GoPro
2.8x-16.3%US$1.0b
HCDI Harbor Custom Development
2.7xn/aUS$19.4m
DXYN Dixie Group
12.7xn/aUS$23.7m
MICS Singing Machine Company
97.2xn/aUS$22.4m

Price-To-Earnings vs Peers: MICS is expensive based on its Price-To-Earnings Ratio (97.2x) compared to the peer average (20.5x).


Price to Earnings Ratio vs Industry

How does MICS's PE Ratio compare vs other companies in the US Consumer Durables Industry?

Price-To-Earnings vs Industry: MICS is expensive based on its Price-To-Earnings Ratio (97.2x) compared to the US Consumer Durables industry average (8.2x)


Price to Earnings Ratio vs Fair Ratio

What is MICS'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.

MICS PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio97.2x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate MICS's Price-To-Earnings Fair Ratio for valuation analysis.


Share Price vs Fair Value

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

Below Fair Value: Insufficient data to calculate MICS's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate MICS's fair value for valuation analysis.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.


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Future Growth

How is Singing Machine Company forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


-0.8%

Forecasted Consumer Durables industry annual growth in earnings

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Singing Machine Company has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Discover growth companies

  • Take a look at our analysis of MICS’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.

Past Performance

How has Singing Machine Company performed over the past 5 years?

Past Performance Score

0/6

Past Performance Score 0/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-3.5%

Historical annual earnings growth

Earnings and Revenue History

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

Growing Profit Margin: MICS's current net profit margins (0.5%) are lower than last year (4.7%).


Past Earnings Growth Analysis

Earnings Trend: MICS's earnings have declined by 3.5% per year over the past 5 years.

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

Earnings vs Industry: MICS had negative earnings growth (-89.4%) over the past year, making it difficult to compare to the Consumer Durables industry average (34.9%).


Return on Equity

High ROE: MICS's Return on Equity (2.3%) is considered low.


Discover strong past performing companies

Financial Health

How is Singing Machine Company's financial position?

Financial Health Score

3/6

Financial Health Score 3/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: MICS's short term assets ($19.8M) exceed its short term liabilities ($12.0M).

Long Term Liabilities: MICS's short term assets ($19.8M) exceed its long term liabilities ($607.0K).


Debt to Equity History and Analysis

Debt Level: MICS's net debt to equity ratio (7.7%) is considered satisfactory.

Reducing Debt: MICS's debt to equity ratio has increased from 25.9% to 30.5% over the past 5 years.

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

Interest Coverage: MICS's interest payments on its debt are not well covered by EBIT (0.1x coverage).


Balance Sheet


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Dividend

What is Singing Machine Company 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

  • Cash Flow Coverage

Dividend Yield vs Market

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

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

Growing Dividend: Insufficient data to determine if MICS'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 MICS has not reported any payouts.


Discover strong dividend paying companies

Management

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

10.3yrs

Average management tenure


CEO

Gary Atkinson (41 yo)

12.75yrs

Tenure

US$161,414

Compensation

Mr. Gary Atkinson serves as Director at The Singing Machine Company, Inc. since August 11, 2021 and serves as its Chairman since July 2022. He has been the Chief Executive Officer of The Singing Machine Co...


CEO Compensation Analysis

Compensation vs Market: Gary's total compensation ($USD161.41K) is below average for companies of similar size in the US market ($USD763.69K).

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


Leadership Team

Experienced Management: MICS's management team is seasoned and experienced (10.3 years average tenure).


Board Members

Experienced Board: MICS's board of directors are not considered experienced ( 0.5 years average tenure), which suggests a new board.


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 substantially diluted in the past year, with total shares outstanding growing by 131.8%.


Top Shareholders

Company Information

The Singing Machine Company, Inc.'s employee growth, exchange listings and data sources


Key Information

  • Name: The Singing Machine Company, Inc.
  • Ticker: MICS
  • Exchange: NasdaqCM
  • Founded: 1982
  • Industry: Consumer Electronics
  • Sector: Consumer Durables
  • Implied Market Cap: US$22.391m
  • Shares outstanding: 3.02m
  • Website: https://singingmachine.com

Number of Employees


Location

  • The Singing Machine Company, Inc.
  • 6301 NW 5th Way
  • Suite 2900
  • Fort Lauderdale
  • Florida
  • 33309
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/08/09 00:00
End of Day Share Price2022/08/09 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.