NasdaqCM:IKNX

Stock Analysis Report

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Executive Summary

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


Snowflake Analysis

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.


Market Performance


7 Day Return

-5.0%

IKNX

1.5%

US Chemicals

2.3%

US Market


1 Year Return

-56.9%

IKNX

-3.7%

US Chemicals

6.7%

US Market

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.


Shareholder returns

IKNXIndustryMarket
7 Day-5.0%1.5%2.3%
30 Day-3.3%-5.8%-0.7%
90 Day-4.7%13.5%17.1%
1 Year-56.9%-56.9%-1.4%-3.7%9.0%6.7%
3 Year-63.2%-63.2%13.4%-7.9%36.7%27.8%
5 Year-78.6%-78.6%33.5%3.5%65.2%46.9%

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

Valuation

Is IKONICS 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 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).


Next Steps

Future Growth

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

22.5%

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.


Next Steps

Past Performance

How has IKONICS performed over the past 5 years?

-49.2%

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.


Next Steps

Financial Health

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.


Balance Sheet


Next Steps

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?

10.1yrs

Average management tenure


CEO

Glenn Sandgren (60yo)

0.42

Tenure

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 ...


Leadership Team

NamePositionTenureCompensationOwnership
Kenneth Hegman
Chief Operating Officer3.33yrsUS$172.73k0.12% $7.7k
Claude Piguet
Executive Vice President19.58yrsUS$181.37k1.1% $70.2k
Glenn Sandgren
CEO, President & Director0.42yrno data0.13% $8.1k
Jon Gerlach
CFO, VP of Finance & Secretary16.92yrsUS$166.64k0.57% $36.5k

10.1yrs

Average Tenure

56.5yo

Average Age

Experienced Management: IKNX's management team is seasoned and experienced (10.1 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Glenn Sandgren
CEO, President & Director0.42yrno data0.13% $8.1k
William Ulland
Chairman of the Board44.5yrsUS$311.47k12.2% $781.0k
Lockwood Carlson
Independent Director11.42yrsUS$20.00k0.013% $810.0
Darrell Lee
Independent Director8.17yrsUS$30.00k0.52% $33.1k
Gregory Jackson
Independent Director3.25yrsUS$18.00kno data
Ernest Harper
Independent Director8.17yrsUS$20.00kno data
Jeffrey Engbrecht
Independent Director4.33yrsUS$20.00kno data
Marianne Bohren
Independent Director4.33yrsUS$25.00k0.0051% $324.0

6.3yrs

Average Tenure

62.5yo

Average Age

Experienced Board: IKNX's board of directors are considered experienced (6.3 years average tenure).


Ownership

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

Ownership Breakdown

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


Top Shareholders

Company Information

IKONICS Corporation's company bio, 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$6.403m
  • Shares outstanding: 1.98m
  • Website: https://www.ikonics.com

Number of Employees


Location

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

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
IKNXNasdaqCM (Nasdaq Capital Market)YesCommon StockUSUSDJul 1995

Biography

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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/07/09 00:34
End of Day Share Price2020/07/08 00:00
Earnings2020/03/31
Annual Earnings2019/12/31


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.