AMEX:MSN

Stock Analysis Report

Executive Summary

Emerson Radio Corp., together with its subsidiaries, designs, sources, imports, markets, and sells various houseware and consumer electronic products under the Emerson brand in the United States and internationally.


Snowflake Analysis

Flawless balance sheet and overvalued.


Similar Companies

Share Price & News

How has Emerson Radio's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: MSN has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-0.8%

MSN

-9.3%

US Consumer Durables

-7.6%

US Market


1 Year Return

-38.5%

MSN

19.0%

US Consumer Durables

10.2%

US Market

Return vs Industry: MSN underperformed the US Consumer Durables industry which returned 19% over the past year.

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


Shareholder returns

MSNIndustryMarket
7 Day-0.8%-9.3%-7.6%
30 Day-2.7%-8.3%-4.5%
90 Day3.2%-1.8%-0.6%
1 Year-38.5%-38.5%20.6%19.0%12.5%10.2%
3 Year-34.9%-34.9%19.2%13.7%37.1%28.3%
5 Year-37.3%-37.3%28.3%19.6%60.8%43.2%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Emerson Radio undervalued compared to its fair value and its price relative to the market?

0.55x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate MSN's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate MSN's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: MSN is unprofitable, so we can't compare its PE Ratio to the Consumer Durables industry average.

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


Price to Book Ratio

PB vs Industry: MSN is good value based on its PB Ratio (0.5x) compared to the US Consumer Durables industry average (1.3x).


Next Steps

Future Growth

How is Emerson Radio forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

9.4%

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 Emerson Radio 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.


Next Steps

Past Performance

How has Emerson Radio performed over the past 5 years?

-51.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: MSN is currently unprofitable.

Growing Profit Margin: MSN is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: MSN is unprofitable, and losses have increased over the past 5 years at a rate of -51.8% per year.

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

Earnings vs Industry: MSN is unprofitable, making it difficult to compare its past year earnings growth to the Consumer Durables industry (9%).


Return on Equity

High ROE: MSN has a negative Return on Equity (-9.24%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Emerson Radio's financial position?


Financial Position Analysis

Short Term Liabilities: MSN's short term assets ($38.4M) exceed its short term liabilities ($1.2M).

Long Term Liabilities: MSN's short term assets ($38.4M) exceed its long term liabilities ($2.3M).


Debt to Equity History and Analysis

Debt Level: MSN is debt free.

Reducing Debt: MSN has not had any debt for past 5 years.


Balance Sheet

Inventory Level: MSN has a low level of unsold assets or inventory.

Debt Coverage by Assets: MSN's debt is covered by short term assets (assets are 3.4602056657012E+17x 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: MSN has sufficient cash runway for more than 3 years based on its current free cash flow.

Forecast Cash Runway: MSN has sufficient cash runway for more than 3 years if free cash flow continues to reduce at historical rates of -8.6% each year


Next Steps

Dividend

What is Emerson Radio's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%1.5%markettop25%4.0%industryaverage2.1%forecastin3Yearsn/a

Current dividend yield vs market & industry

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

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

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

11.3yrs

Average management tenure


CEO

Duncan Hon (58yo)

8.5yrs

Tenure

US$545,000

Compensation

Mr. Tak Kwong Hon, also known as Duncan, has been the Chief Executive Officer and President of Emerson Radio Corp. since August 31, 2011. Mr. Hon served as Deputy Chief Executive Officer of Emerson Radio C ...


CEO Compensation Analysis

Compensation vs Market: Duncan's total compensation ($USD545.00K) is about average for companies of similar size in the US market ($USD529.87K).

Compensation vs Earnings: Duncan's compensation has increased whilst the company is unprofitable.


Leadership Team

NamePositionTenureCompensationOwnership
Tak Hon
CEO & Director8.5yrsUS$545.00kno data
Michael Andrew Binney
CFO, Executive VP3.7yrsUS$153.12kno data
Barry Smith
Senior VP of Operations & Treasurer17.6yrsno datano data
Ivan Lau
Chief Financial Officer of Asian Operations14yrsno datano data

11.3yrs

Average Tenure

Experienced Management: MSN's management team is seasoned and experienced (11.3 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Tak Hon
CEO & Director8.5yrsUS$545.00kno data
Michael Andrew Binney
CFO, Executive VP3.7yrsUS$153.12kno data
Kin Yuen
Independent Non-Executive Director3.7yrsUS$110.00kno data
Wing-On Ho
Chairman3.7yrsUS$70.00kno data
Kareem Sethi
Independent Non-Executive Director12.2yrsUS$65.00kno data

3.7yrs

Average Tenure

60yo

Average Age

Experienced Board: MSN's board of directors are considered experienced (3.7 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.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Emerson Radio Corp.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Emerson Radio Corp.
  • Ticker: MSN
  • Exchange: AMEX
  • Founded: 1948
  • Industry: Consumer Electronics
  • Sector: Consumer Durables
  • Market Cap: US$17.811m
  • Shares outstanding: 21.04m
  • Website: https://www.emersonradio.com

Number of Employees


Location

  • Emerson Radio Corp.
  • 35 Waterview Boulevard
  • Suite 140
  • Parsippany
  • New Jersey
  • 7054
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
MSNAMEX (NYSE MKT LLC)YesCommon SharesUSUSDSep 1994

Biography

Emerson Radio Corp., together with its subsidiaries, designs, sources, imports, markets, and sells various houseware and consumer electronic products under the Emerson brand in the United States and internationally. It provides houseware products, such as microwave ovens, compact refrigerators, wine products, and toaster ovens; audio products, including clock radios, Bluetooth speakers, and wireless charging; and other products comprising massagers, toothbrushes, and security products. The company also licenses its trademarks to others on a worldwide basis for various products. Emerson Radio Corp. markets its products primarily through mass merchandisers and online marketplaces. The company was founded in 1948 and is headquartered in Parsippany, New Jersey. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/27 00:53
End of Day Share Price2020/02/26 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.