| Snowflake Score | |
|---|---|
| Valuation | 0/6 |
| Future Growth | 0/6 |
| Past Performance | 0/6 |
| Financial Health | 3/6 |
| Dividends | 0/6 |
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
| Historical stock prices | |
|---|---|
| Current Share Price | US$7.42 |
| 52 Week High | US$14.70 |
| 52 Week Low | US$2.39 |
| Beta | -0.41 |
| 1 Month Change | -8.73% |
| 3 Month Change | 37.41% |
| 1 Year Change | -25.05% |
| 3 Year Change | 12.42% |
| 5 Year Change | -50.03% |
| Change since IPO | -99.19% |
Recent News & Updates
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
| MICS | US Consumer Durables | US 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
| MICS volatility | |
|---|---|
| MICS Average Weekly Movement | 28.6% |
| Consumer Durables Industry Average Movement | 8.0% |
| Market Average Movement | 7.9% |
| 10% most volatile stocks in US Market | 17.2% |
| 10% least volatile stocks in US Market | 3.2% |
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
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1982 | 32 | Gary Atkinson | https://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
| MICS fundamental statistics | |
|---|---|
| Market Cap | US$22.39m |
| Earnings (TTM) | US$230.47k |
| Revenue (TTM) | US$47.51m |
97.2x
P/E Ratio0.5x
P/S RatioIs MICS overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| MICS income statement (TTM) | |
|---|---|
| Revenue | US$47.51m |
| Cost of Revenue | US$36.70m |
| Gross Profit | US$10.81m |
| Other Expenses | US$10.58m |
| Earnings | US$230.47k |
Last Reported Earnings
Mar 31, 2022
Next Earnings Date
n/a
| Earnings per share (EPS) | 0.076 |
| Gross Margin | 22.76% |
| Net Profit Margin | 0.49% |
| Debt/Equity Ratio | 30.5% |
How did MICS perform over the long term?
See historical performance and comparisonValuation
Is MICS undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score
0/6Valuation 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.
| What is MICS's n/a Ratio? | |
|---|---|
| n/a Ratio | 0x |
| n/a | n/a |
| Market Cap | US$22.39m |
| Key Statistics | |
|---|---|
| Enterprise Value/Revenue | 0.5x |
| Enterprise Value/EBITDA | 77.8x |
| PEG Ratio | n/a |
Price to Earnings Ratio vs Peers
How does MICS's PE Ratio compare to its peers?
| MICS PE Ratio vs Peers |
|---|
| Company | PE | Estimated Growth | Market Cap |
|---|---|---|---|
| Peer Average | 20.5x | ||
KOSS Koss | 63.8x | n/a | US$77.5m |
GPRO GoPro | 2.8x | -16.3% | US$1.0b |
HCDI Harbor Custom Development | 2.7x | n/a | US$19.4m |
DXYN Dixie Group | 12.7x | n/a | US$23.7m |
MICS Singing Machine Company | 97.2x | n/a | US$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.
| Fair Ratio | |
|---|---|
| Current PE Ratio | 97.2x |
| Fair PE Ratio | n/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
0/6Future 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
0/6Past 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
3/6Financial 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
0/6Dividend 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
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2022/08/09 00:00 |
| End of Day Share Price | 2022/08/09 00:00 |
| Earnings | 2022/03/31 |
| Annual Earnings | 2022/03/31 |
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.