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Appliance Recycling Centers of America, Inc., together with its subsidiaries, engages in the recycle of household appliances in North America. The last earnings update was 97 days ago. More info.
7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
---|---|---|---|---|---|---|
Appliance Recycling Centers of America (ARCI) | -4.6% | -16.8% | -26.1% | -54.6% | -50.5% | -86.9% |
US Specialty Retail | 2.6% | 4.7% | -1.8% | 11.4% | 30.7% | 42.8% |
US Market | 1.2% | 6.6% | 1.2% | 0.9% | 44.3% | 41.3% |
Below are the data sources, inputs and calculation used to determine the intrinsic value for Appliance Recycling Centers of America.
Data Point | Source | Value |
---|---|---|
Valuation Model | 2 Stage Free Cash Flow to Equity | |
Levered Free Cash Flow | Extrapolated from most recent financials. | See below |
Discount Rate (Cost of Equity) | See below | 9.7% |
Perpetual Growth Rate | 10-Year US Government Bond Rate | 2.7% |
An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.
Data Point | Calculation/ Source | Result |
---|---|---|
Risk-Free Rate | 10-Year US Govt Bond Rate | 2.7% |
Equity Risk Premium | S&P Global | 7.3% |
Specialty Retail Unlevered Beta | Simply Wall St/ S&P Global | 0.87 |
Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.87 (1 + (1- 21%) (12.79%)) |
0.958 |
Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
0.96 |
Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (0.958 * 7.27%) |
9.69% |
Discounted Cash Flow Calculation for NasdaqCM:ARCI using 2 Stage Free Cash Flow to Equity Model
The calculations below outline how an intrinsic value for Appliance Recycling Centers of America is arrived at by discounting future cash flows to their present value using the 2 stage method. We use analyst's estimates of cash flows going forward 5 years for the 1st stage, the 2nd stage assumes the company grows at a stable rate into perpetuity.
2019 | 2020 | 2021 | 2022 | 2023 | |
Levered FCF (USD, Millions) | 12.69 | 10.28 | 8.43 | 7.00 | 5.88 |
Source | Est @ -20%, capped from -33.65% | Est @ -19%, capped from -33.65% | Est @ -18%, capped from -33.65% | Est @ -17%, capped from -33.65% | Est @ -16%, capped from -33.65% |
Present Value Discounted (@ 9.69%) |
11.57 | 8.54 | 6.39 | 4.83 | 3.70 |
Present value of next 5 years cash flows | $35.03 |
Calculation | Result | |
---|---|---|
Terminal Value |
= FCF2023
× (1 + g) ÷ (Discount Rate – g)
= $5.88 × (1 + 2.73%) ÷ (9.69% – 2.73%) |
$86.72 |
Present Value of Terminal Value |
= Terminal Value ÷ (1 + r)5
= $86.72 ÷ (1 + 9.69%)5 |
$54.61 |
Calculation | Result | |
---|---|---|
Total Equity Value |
= Present value of next 5 years cash flows +
Terminal Value
= $35.03 + $54.61 |
$89.64 |
Equity Value per Share (USD) |
= Total value / Shares Outstanding
= $89.64 / 8.47 |
$10.58 |
Calculation | Result | |
---|---|---|
Value per share (USD) | From above. | $10.58 |
Current discount | Discount to share price of
$0.43
= -1 x ($0.43 - $10.58) / $10.58 |
95.9% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
Data Point | Source | Value |
---|---|---|
Earnings Per Share * | Company Filings (2018-09-29) in USD | $-0.33 |
NasdaqCM:ARCI Share Price ** | NasdaqCM (2019-02-15) in USD | $0.43 |
United States of America Specialty Retail Industry PE Ratio | Median Figure of 65 Publicly-Listed Specialty Retail Companies | 16.32x |
United States of America Market PE Ratio | Median Figure of 3,045 Publicly-Listed Companies | 16.97x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of Appliance Recycling Centers of America.
Calculation | Outcome | |
---|---|---|
PE Ratio | = NasdaqCM:ARCI Share Price ÷ EPS (both in USD) = 0.43 ÷ -0.33 |
-1.3x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
Data Point | Source | Value |
---|---|---|
PE Ratio | See PE Ratio Section | -1.3x |
Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts |
Not available |
United States of America Specialty Retail Industry PEG Ratio | Median Figure of 59 Publicly-Listed Specialty Retail Companies | 1.78x |
United States of America Market PEG Ratio | Median Figure of 2,115 Publicly-Listed Companies | 1.36x |
*Line of best fit is calculated by linear regression .
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
Data Point | Source | Value |
---|---|---|
Book Value per Share | Company Filings (2018-09-29) in USD | $2.73 |
NasdaqCM:ARCI Share Price * | NasdaqCM (2019-02-15) in USD | $0.43 |
United States of America Specialty Retail Industry PB Ratio | Median Figure of 100 Publicly-Listed Specialty Retail Companies | 1.49x |
United States of America Market PB Ratio | Median Figure of 5,122 Publicly-Listed Companies | 1.82x |
Calculation | Outcome | |
---|---|---|
PB Ratio | = NasdaqCM:ARCI Share Price ÷ Book Value per Share (both in USD) = 0.43 ÷ 2.73 |
0.16x |
* Primary Listing of Appliance Recycling Centers of America.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
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 Appliance Recycling Centers of America 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 Simply Wall St do have past financial data. You can see them here.
Data Point | Source | Value (per year) |
---|---|---|
United States of America Specialty Retail Industry Earnings Growth Rate | Market Cap Weighted Average | 10.9% |
United States of America Specialty Retail Industry Revenue Growth Rate | Market Cap Weighted Average | 5.2% |
United States of America Market Earnings Growth Rate | Market Cap Weighted Average | 13.3% |
United States of America Market Revenue Growth Rate | Market Cap Weighted Average | 7.1% |
*Line of best fit is calculated by linear regression .
Industry and Market average data is calculated daily.
Learn more about our growth rate calculations in Simply Wall St’s analysis model.
Data Point | Source | Value |
---|---|---|
Past Financials | Company Filings (4 months ago) | See Below |
Future Estimates | Average of up to 0 Analyst Estimates (S&P Global) | See Below |
Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * |
---|---|---|---|
2018-09-29 | 39 | 3 | -2 |
2018-06-30 | 41 | 1 | -0 |
2018-03-31 | 43 | 2 | 2 |
2017-12-30 | 42 | 1 | 6 |
2017-09-30 | -7 | 0 | 5 |
2017-07-01 | 9 | -0 | 6 |
2017-04-01 | 23 | 2 | 3 |
2016-12-31 | 40 | 3 | -0 |
2016-10-01 | 103 | 2 | -2 |
2016-07-02 | 104 | 2 | -4 |
2016-04-02 | 110 | -2 | -1 |
2016-01-02 | 112 | -3 | -3 |
2015-10-03 | 118 | -2 | -2 |
*GAAP earnings excluding extraordinary items.
Data Point | Source | Value |
---|---|---|
Past Financials | Company Filings (4 months ago) | See Below |
Future Estimates | Average of up to 0 Analyst Estimates (S&P Global) | See Below |
All data from Appliance Recycling Centers of America Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
Date (Data in USD Millions) | EPS * |
---|---|
2018-09-29 | -0.33 |
2018-06-30 | -0.07 |
2018-03-31 | 0.32 |
2017-12-30 | 0.88 |
2017-09-30 | 0.82 |
2017-07-01 | 0.92 |
2017-04-01 | 0.41 |
2016-12-31 | -0.03 |
2016-10-01 | -0.38 |
2016-07-02 | -0.71 |
2016-04-02 | -0.25 |
2016-01-02 | -0.47 |
2015-10-03 | -0.43 |
*GAAP earnings excluding extraordinary items.
How has Appliance Recycling Centers of America performed over the past 5 years?
All data from Appliance Recycling Centers of America Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
Date (Data in USD Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
---|---|---|---|---|
2018-09-29 | 39.45 | -2.35 | 15.82 | |
2018-06-30 | 40.64 | -0.47 | 15.24 | |
2018-03-31 | 43.01 | 2.15 | 13.90 | |
2017-12-30 | 41.54 | 5.89 | 13.38 | |
2017-09-30 | -7.35 | 5.41 | 0.04 | |
2017-07-01 | 8.55 | 5.89 | 2.59 | |
2017-04-01 | 22.56 | 2.56 | 7.71 | |
2016-12-31 | 40.46 | -0.15 | 11.24 | |
2016-10-01 | 103.47 | -2.28 | 28.22 | |
2016-07-02 | 104.24 | -4.17 | 28.51 | |
2016-04-02 | 109.65 | -1.47 | 28.24 | |
2016-01-02 | 111.84 | -2.72 | 29.13 | |
2015-10-03 | 117.59 | -2.48 | 30.37 | |
2015-07-04 | 122.69 | -1.41 | 30.64 | |
2015-04-04 | 125.36 | -1.66 | 30.69 | |
2015-01-03 | 130.93 | 0.77 | 30.22 | |
2014-09-27 | 130.81 | 2.44 | 29.51 | |
2014-06-28 | 131.12 | 3.27 | 29.21 | |
2014-03-29 | 130.56 | 3.69 | 29.21 | |
2013-12-28 | 127.88 | 3.15 | 29.31 | |
2013-09-28 | 122.76 | 0.02 | 29.78 | |
2013-06-29 | 117.95 | -2.19 | 30.30 | |
2013-03-30 | 115.22 | -3.60 | 31.10 | |
2012-12-29 | 114.24 | -3.85 | 31.50 | |
2012-09-29 | 115.71 | -1.79 | 31.30 | |
2012-06-30 | 122.84 | 1.05 | 30.60 | |
2012-03-31 | 126.19 | 3.72 | 29.90 |
*GAAP earnings excluding extraordinary items.
How is Appliance Recycling Centers of America's financial health and their level of debt?
All data from Appliance Recycling Centers of America Company Filings, last reported 4 months ago.
Date (Data in USD Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
---|---|---|---|
2018-09-29 | 23.10 | 0.47 | 0.72 |
2018-06-30 | 23.32 | 0.95 | 0.41 |
2018-03-31 | 24.74 | 0.45 | 2.15 |
2017-12-30 | 26.24 | 5.88 | 3.31 |
2017-09-30 | 30.84 | 4.65 | 1.99 |
2017-07-01 | 15.14 | 5.42 | 0.19 |
2017-04-01 | 13.19 | 6.27 | 0.81 |
2016-12-31 | 11.21 | 15.25 | 0.97 |
2016-10-01 | 10.65 | 15.42 | 1.71 |
2016-07-02 | 9.42 | 13.86 | 2.25 |
2016-04-02 | 11.47 | 16.61 | 2.32 |
2016-01-02 | 12.04 | 18.49 | 1.97 |
2015-10-03 | 12.98 | 18.42 | 3.36 |
2015-07-04 | 13.98 | 15.23 | 3.64 |
2015-04-04 | 13.52 | 14.63 | 3.56 |
2015-01-03 | 15.54 | 15.49 | 3.52 |
2014-09-27 | 19.34 | 14.10 | 2.88 |
2014-06-28 | 18.81 | 15.16 | 2.53 |
2014-03-29 | 18.06 | 14.76 | 2.90 |
2013-12-28 | 14.65 | 16.24 | 1.95 |
2013-09-28 | 15.45 | 13.75 | 2.13 |
2013-06-29 | 14.01 | 15.20 | 2.66 |
2013-03-30 | 13.31 | 14.96 | 3.93 |
2012-12-29 | 13.23 | 17.87 | 3.17 |
2012-09-29 | 15.92 | 20.01 | 2.78 |
2012-06-30 | 16.90 | 19.69 | 3.73 |
2012-03-31 | 17.48 | 16.94 | 4.04 |
Data Point | Source | Value |
---|---|---|
Past Annualized Dividend Yield | S&P Global Market Data | See Below |
Past Dividends per Share | Company Filings/ Annualized Dividend Payments | See Below |
Future Dividends per Share Estimates | Average of up to 0 Analyst Estimates (S&P Global) | See Below |
United States of America Specialty Retail Industry Average Dividend Yield | Market Cap Weighted Average of 39 Stocks | 2% |
United States of America Market Average Dividend Yield | Market Cap Weighted Average of 1998 Stocks | 2.5% |
United States of America Minimum Threshold Dividend Yield | 10th Percentile | 0.8% |
United States of America Bottom 25% Dividend Yield | 25th Percentile | 1.4% |
United States of America Top 25% Dividend Yield | 75th Percentile | 3.6% |
Industry and Market average data is calculated daily.
Note all dividend per share amounts are annualized and not quarterly or other period.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
Mr. Tony Isaac has served as Director at Live Ventures Inc. ("the Company") since December 12, 2011. He serves as Chief Executive Officer of Appliance Recycling Centers of America Inc. and served as its Interim Chief Executive Officer since February 26, 2016. Mr. Isaac served as Vice President of Financial Planning of the Company and has been its Financial Planning & Strategist/Economist since July 2012. Mr. Isaac is a Co-Founder and Chairman of Isaac Organization. He served as the Principal Financial Officer of the Company. He has been a Director of Appliance Recycling Centers of America Inc. since May 18, 2015. Mr. Isaac graduated from Ottawa University in 1981, where he majored in Commerce and Business Administration and Economics.
Average tenure and age of the Appliance Recycling Centers of America management team in years:
Average tenure and age of the Appliance Recycling Centers of America board of directors in years:
Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price ($) | Value ($) | |
---|---|---|---|---|---|---|---|---|---|---|
30. Aug 18 | Buy | Virland Johnson | Individual | 29. Aug 18 | 29. Aug 18 | 30,000 | $1.00 | $30,000 | ||
27. Aug 18 | Buy | Virland Johnson | Individual | 27. Aug 18 | 27. Aug 18 | 15,000 | $0.78 | $11,625 | ||
24. Aug 18 | Buy | Virland Johnson | Individual | 24. Aug 18 | 24. Aug 18 | 15,000 | $0.71 | $10,650 |
Today, I will be analyzing Appliance Recycling Centers of America Inc’s (NASDAQ:ARCI) recent ownership structure, an important but not-so-popular subject among individual investors. … A company's ownership structure is often linked to its share performance in both the long- and short-term. … The effect of an active institutional investor with a similar ownership as a passive pension-fund can be vastly different on a company's corporate governance and accountability to shareholders.
Simply Wall St - – Full articleToday I've chosen to put the spotlight on Appliance Recycling Centers of America Inc (NASDAQ:ARCI) due to its excellent fundamentals in more than one area. … Below, I've touched on some key aspects you should know on a high level. … report on Appliance Recycling Centers of America here
Simply Wall St - – Full articleToday, I will be analyzing Appliance Recycling Centers of America Inc’s (NASDAQ:ARCI) recent ownership structure, an important but not-so-popular subject among individual investors. … See our latest analysis for Appliance Recycling Centers of America NasdaqCM:ARCI Ownership_summary May 17th 18 Institutional Ownership ARCI's 13.88% institutional ownership seems enough to cause large share price movements in the case of significant share sell-off or acquisitions by institutions, particularly when there is a low level of public shares available on the market to trade. … This is a positive sign for potential investors as these firms play an important role in aligning company policy with shareholder returns.Next Steps: I suggest investors seek some degree of margin of safety due to high institutional ownership in ARCI, in particular due to the strong presence of active hedge fund investors.
Simply Wall St - – Full articleRecent undervalued companies based on their current market price include Appliance Recycling Centers of America and Tyson Foods. … Additionally, TSN’s PE ratio is trading at 8.96x against its its Food peer level of, 18.45x implying that relative to its comparable company group, TSN can be bought at a cheaper price right now. … FII's stock is now trading at -41% under its actual value of $41.61, at the market price of US$24.53, according to my discounted cash flow model.
Simply Wall St - – Full articleHow does ARCI’s operating cash flow stack up against its debt? … Moreover, ARCI has produced US$2.66M in operating cash flow during the same period of time, resulting in an operating cash to total debt ratio of 17.43%, signalling that ARCI’s operating cash is not sufficient to cover its debt. … For ARCI, the ratio of 1.71x suggests that interest is not strongly covered, which means that debtors may be less inclined to loan the company more money, reducing its headroom for growth through debt.Next Steps: ARCI’s cash flow coverage indicates it could improve its operating efficiency in order to meet demand for debt repayments should unforeseen events arise.
Simply Wall St - – Full articleStocks, such as Appliance Recycling Centers of America, trading at a market price below their true values are considered to be undervalued. … More on Appliance Recycling Centers of America here. … In addition to this, AMP’s PE ratio is currently around 14.71x against its its Capital Markets peer level of, 16.05x implying that relative to its comparable set of companies, AMP’s stock can be bought at a cheaper price.
Simply Wall St - – Full articleUndervalued companies, such as Appliance Recycling Centers of America and Gulf Resources, trade at a price less than their true values. … ARCI's shares are now hovering at around -41% under its value of $1.54, at a price of US$0.91, based on its expected future cash flows. … YRD's shares are now hovering at around -65% lower than its real value of ¥109.41, at the market price of US$37.79, based on its expected future cash flows.
Simply Wall St - – Full articleSee our latest analysis for Appliance Recycling Centers of America Breaking down Return on Equity Firstly, Return on Equity, or ROE, is simply the percentage of last years’ earning against the book value of shareholders’ equity. … For now, let’s just look at the cost of equity number for Appliance Recycling Centers of America, which is 10.70%. … This means Appliance Recycling Centers of America returns enough to cover its own cost of equity, with a buffer of 3.75%.
Simply Wall St - – Full articleA popular measure of market risk for a stock is its beta, and the market as a whole represents a beta value of one. … ARCI’s beta indicates it is a stock that investors may find valuable if they want to reduce the overall market risk exposure of their stock portfolio. … ARCI, with its market capitalisation of US$6.88M, is a small-cap stock, which generally have higher beta than similar companies of larger size.
Simply Wall St - – Full articleToday, I will be analyzing Appliance Recycling Centers of America Inc’s (NASDAQ:ARCI) recent ownership structure, an important but not-so-popular subject among individual investors. … This level of ownership gives retail investors the power to sway key policy decisions such as board composition, executive compensation, and potential acquisitions. … This is an encouraging sign for investors as these investors tend to be active strategist in companies, focusing on increasing operational and capital efficiency for the firm.What this means for you: I suggest investors seek some degree of margin of safety due to high institutional ownership in ARCI, in particular due to the strong presence of active hedge fund investors.
Simply Wall St - – Full article
Appliance Recycling Centers of America, Inc., together with its subsidiaries, engages in the recycle of household appliances in North America. The company operates in two segments, Recycling and Technology. It engages in collecting, recycling, and installing appliances for utilities and other customers. The company also provides turnkey appliance recycling and replacement services for utilities and other sponsors of energy efficiency programs. Appliance Recycling Centers of America, Inc. was founded in 1976 and is headquartered in Minneapolis, Minnesota.
Name: | Appliance Recycling Centers of America, Inc. |
ARCI | |
Exchange: | NasdaqCM |
Founded: | 1976 |
$3,652,559 | |
8,472,651 | |
Website: | http://www.arcainc.com |
Address: |
Appliance Recycling Centers of America, Inc. 175 Jackson Avenue North, Suite 102, Minneapolis, Minnesota, 55343, United States |
Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
---|---|---|---|---|---|---|---|
NasdaqCM | ARCI | Common Stock | Nasdaq Capital Market | US | USD | 07. Nov 1991 | |
DB | 5AR | Common Stock | Deutsche Boerse AG | DE | EUR | 07. Nov 1991 |
Specialty Stores | |
Retail |
Area | Date (UTC time) |
---|---|
Company Analysis updated: | 2019/02/18 01:18 |
End of day share price update: | 2019/02/15 00:00 |
Last earnings filing: | 2018/11/13 |
Last earnings reported: | 2018/09/29 |
Last annual earnings reported: | 2017/12/30 |
All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.
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.