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IKNX

IKONICSNasdaqCM:IKNX Stock Report

Market Cap

US$55.5m

7D

-6.3%

1Y

573.1%

Updated

26 Oct, 2021

Data

Company Financials
IKNX fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance2/6
Financial Health6/6
Dividends0/6

IKNX Overview

IKONICS Corporation develops, manufactures, and sells photosensitive liquids and films for screen printing, awards and recognition, and dye sublimation markets worldwide.

Price History & Performance

Summary of all time highs, changes and price drops for IKONICS
Historical stock prices
Current Share PriceUS$28.00
52 Week HighUS$3.82
52 Week LowUS$33.80
Beta1.02
1 Month Change-2.27%
3 Month Change25.17%
1 Year Change573.08%
3 Year Change182.83%
5 Year Change159.26%
Change since IPO824.00%

Recent News & Updates

May 03
Calculating The Fair Value Of IKONICS Corporation (NASDAQ:IKNX)

Calculating The Fair Value Of IKONICS Corporation (NASDAQ:IKNX)

How far off is IKONICS Corporation ( NASDAQ:IKNX ) from its intrinsic value? Using the most recent financial data...

Shareholder Returns

IKNXUS ChemicalsUS Market
7D-6.3%1.7%0.9%
1Y573.1%35.8%33.4%

Return vs Industry: IKNX exceeded the US Chemicals industry which returned 32.9% over the past year.

Return vs Market: IKNX exceeded the US Market which returned 33.4% over the past year.

Price Volatility

Is IKNX's price volatile compared to industry and market?
IKNX volatility
IKNX Beta1.02
Industry Beta1.14
Market Beta1

Stable Share Price: IKNX is more volatile than 75% of US stocks over the past 3 months, typically moving +/- 12% a week.

Volatility Over Time: IKNX's weekly volatility (12%) has been stable over the past year, but is still higher than 75% of US stocks.

About the Company

FoundedEmployeesCEOWebsite
195258Glenn Sandgrenhttps://www.ikonics.com

IKONICS Corporation develops, manufactures, and sells photosensitive liquids and films for screen printing, awards and recognition, and dye sublimation markets worldwide. It operates through four segments: Chromaline, IKONICS Imaging, Digital Texturing, and Advanced Material Solutions. The company sells screen printing films, emulsions, and inkjet receptive films, photo resistant films, art supplies, glass, and related abrasive etching equipment to end users and distributors.

IKONICS Fundamentals Summary

How do IKONICS's earnings and revenue compare to its market cap?
IKNX fundamental statistics
Market CapUS$55.47m
Earnings (TTM)US$145.27k
Revenue (TTM)US$14.69m

381.9x

P/E Ratio

3.8x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
IKNX income statement (TTM)
RevenueUS$14.69m
Cost of RevenueUS$9.89m
Gross ProfitUS$4.79m
ExpensesUS$4.65m
EarningsUS$145.27k

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.073
Gross Margin32.63%
Net Profit Margin0.99%
Debt/Equity Ratio0.0%

How did IKNX perform over the long term?

See historical performance and comparison

Valuation

Is IKONICS 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: IKNX ($28) is trading below our estimate of fair value ($132.96)

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


Price To Earnings Ratio

PE vs Industry: IKNX is poor value based on its PE Ratio (381.9x) compared to the US Chemicals industry average (23.8x).

PE vs Market: IKNX is poor value based on its PE Ratio (381.9x) compared to the US market (18.3x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate IKNX's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: IKNX is overvalued based on its PB Ratio (5.1x) compared to the US Chemicals industry average (2.9x).


Future Growth

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

11.1%

Forecasted Materials 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 IKONICS 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.


Past Performance

How has IKONICS performed over the past 5 years?

-37.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: IKNX has a large one-off gain of $484.5K impacting its June 30 2021 financial results.

Growing Profit Margin: IKNX became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: IKNX has become profitable over the past 5 years, growing earnings by -37.5% per year.

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

Earnings vs Industry: IKNX has become profitable in the last year, making it difficult to compare its past year earnings growth to the Chemicals industry (27.8%).


Return on Equity

High ROE: IKNX's Return on Equity (1.3%) is considered low.


Financial Health

How is IKONICS's financial position?


Financial Position Analysis

Short Term Liabilities: IKNX's short term assets ($5.7M) exceed its short term liabilities ($2.1M).

Long Term Liabilities: IKNX has no long term liabilities.


Debt to Equity History and Analysis

Debt Level: IKNX is debt free.

Reducing Debt: IKNX has no debt compared to 5 years ago when its debt to equity ratio was 24.5%.

Debt Coverage: IKNX has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: IKNX has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


Dividend

What is IKONICS current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

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

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

11.4yrs

Average management tenure


CEO

Glenn Sandgren (61 yo)

1.67yrs

Tenure

US$351,198

Compensation

Mr. Glenn Sandgren is President, Chief Executive Officer at IKONICS Corporation since February 10, 2020 and serves as its Director since February 10, 2020. He had been Vice President of Sales and Marketing...


CEO Compensation Analysis

Compensation vs Market: Glenn's total compensation ($USD351.20K) is below average for companies of similar size in the US market ($USD542.68K).

Compensation vs Earnings: Insufficient data to compare Glenn's compensation with company performance.


Leadership Team

Experienced Management: IKNX's management team is seasoned and experienced (11.4 years average tenure).


Board Members

Experienced Board: IKNX's board of directors are considered experienced (7.5 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

IKONICS Corporation's employee growth, exchange listings and data sources


Key Information

  • Name: IKONICS Corporation
  • Ticker: IKNX
  • Exchange: NasdaqCM
  • Founded: 1952
  • Industry: Specialty Chemicals
  • Sector: Materials
  • Market Cap: US$55.473m
  • Shares outstanding: 1.98m
  • Website: https://www.ikonics.com

Number of Employees


Location

  • IKONICS Corporation
  • 4832 Grand Avenue
  • Duluth
  • Minnesota
  • 55807
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/26 22:34
End of Day Share Price2021/10/26 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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.