IKONICS Corporation develops, manufactures, and sells photosensitive liquids and films for screen printing, awards and recognition, and dye sublimation markets worldwide.
Mediocre balance sheet and overvalued.
Share Price & News
How has IKONICS's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: IKNX's share price has been volatile over the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: IKNX underperformed the US Chemicals industry which returned -2.4% over the past year.
Return vs Market: IKNX underperformed the US Market which returned 6% over the past year.
Price Volatility Vs. Market
How volatile is IKONICS's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 month ago | Simply Wall StIs IKONICS (NASDAQ:IKNX) Using Too Much Debt?
2 months ago | Simply Wall StImagine Owning IKONICS (NASDAQ:IKNX) And Trying To Stomach The 76% Share Price Drop
3 months ago | Simply Wall StDo Directors Own IKONICS Corporation (NASDAQ:IKNX) Shares?
Is IKONICS undervalued compared to its fair value and its price relative to the market?
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: Insufficient data to calculate IKNX's fair value to establish if it is undervalued.
Significantly Below Fair Value: Insufficient data to calculate IKNX's fair value to establish if it is undervalued.
Price To Earnings Ratio
PE vs Industry: IKNX is unprofitable, so we can't compare its PE Ratio to the Chemicals industry average.
PE vs Market: IKNX 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 IKNX's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: IKNX is good value based on its PB Ratio (0.5x) compared to the US Chemicals industry average (2x).
How is IKONICS forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
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.
- Take a look at our analysis of IKNX’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.
- Explore growth companies in the Materials industry.
How has IKONICS performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: IKNX is currently unprofitable.
Growing Profit Margin: IKNX is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: IKNX is unprofitable, and losses have increased over the past 5 years at a rate of -49.2% per year.
Accelerating Growth: Unable to compare IKNX's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: IKNX is unprofitable, making it difficult to compare its past year earnings growth to the Chemicals industry (-11.3%).
Return on Equity
High ROE: IKNX has a negative Return on Equity (-8.1%), as it is currently unprofitable.
How is IKONICS's financial position?
Financial Position Analysis
Short Term Liabilities: IKNX's short term assets ($7.5M) exceed its short term liabilities ($1.3M).
Long Term Liabilities: IKNX's short term assets ($7.5M) exceed its long term liabilities ($2.7M).
Debt to Equity History and Analysis
Debt Level: IKNX's debt to equity ratio (23.9%) is considered satisfactory.
Reducing Debt: Insufficient data to determine if IKNX's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: IKNX's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: Insufficient data to determine if IKNX's interest payments on its debt are well covered by EBIT.
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.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Glenn Sandgren (60yo)
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 has been Vice President of Sales and Marketing ...
|Chief Operating Officer||3.33yrs||US$172.73k||0.12% $7.7k|
|Executive Vice President||19.58yrs||US$181.37k||1.1% $70.2k|
|CEO, President & Director||0.42yr||no data||0.13% $8.1k|
|CFO, VP of Finance & Secretary||16.92yrs||US$166.64k||0.57% $36.5k|
Experienced Management: IKNX's management team is seasoned and experienced (10.1 years average tenure).
|CEO, President & Director||0.42yr||no data||0.13% $8.1k|
|Chairman of the Board||44.5yrs||US$311.47k||12.2% $781.0k|
|Independent Director||11.42yrs||US$20.00k||0.013% $810.0|
|Independent Director||8.17yrs||US$30.00k||0.52% $33.1k|
|Independent Director||3.25yrs||US$18.00k||no data|
|Independent Director||8.17yrs||US$20.00k||no data|
|Independent Director||4.33yrs||US$20.00k||no data|
|Independent Director||4.33yrs||US$25.00k||0.0051% $324.0|
Experienced Board: IKNX's board of directors are considered experienced (6.3 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: IKNX insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
IKONICS Corporation's company bio, employee growth, exchange listings and data sources
- Name: IKONICS Corporation
- Ticker: IKNX
- Exchange: NasdaqCM
- Founded: 1952
- Industry: Specialty Chemicals
- Sector: Materials
- Market Cap: US$6.403m
- Shares outstanding: 1.98m
- Website: https://www.ikonics.com
Number of Employees
- IKONICS Corporation
- 4832 Grand Avenue
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|IKNX||NasdaqCM (Nasdaq Capital Market)||Yes||Common Stock||US||USD||Jul 1995|
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. It also provides sound deadening and weight reduction technology to the aerospace and electronics industries; products and services for etched composites, ceramics, glass, and silicon wafers; and digital texturing technology for putting patterns and textures into steel molds for the plastic injection molding and prototyping. IKONICS Corporation markets and sells its products directly, as well as through domestic and international distributors, magazine advertising, trade shows, and the internet. The company was formerly known as The Chromaline Corporation and changed its name to IKONICS Corporation in December 2002. IKONICS Corporation was founded in 1952 and is based in Duluth, Minnesota.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/07/09 00:34|
|End of Day Share Price||2020/07/08 00:00|
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.