Kopin Corporation, together with its subsidiaries, invents, develops, manufactures, and sells components, subassemblies, and head-worn and hand-held systems in the United States, the Asia-Pacific, Europe, and internationally.
Price History & Performance
|Historical stock prices|
|Current Share Price||US$5.22|
|52 Week High||US$1.17|
|52 Week Low||US$13.62|
|1 Month Change||2.96%|
|3 Month Change||-39.79%|
|1 Year Change||307.81%|
|3 Year Change||132.00%|
|5 Year Change||146.23%|
|Change since IPO||108.80%|
Recent News & Updates
Intellicheck and SemiLEDs among tech gainers; Kopin and Ultra Clean among losers
Gainers: Alfi (ALF) +34%. Sykes Enterprises (SYKE) +30%. DoubleVerify (DV) +7%. SemiLEDs (LEDS) +7%. Intellicheck (IDN) +7%.Losers: AGM Group (AGMH) -16%. Aviat Networks (AVNW) -11%. Intrusion Inc. (INTZ) -10%. Ultra Clean (UCTT) -10%. Kopin (KOPN) -10%.
Even With Google, Smart Glasses, Kopin Has Downside Risks
Kopin is a developer of high-resolution microdisplays and related products for the defense, industrial, and consumer sectors. The company is experiencing significant demand from the defense industry. Kopin is also trying to increase its target market by developing new products with large enterprises like Google or Skully. With the AR/VR smart glasses market growing at less than 17%, I believe that Kopin will not be able to report 36%-48% sales growth in the future. I used a WACC of 15% and a total of five years. Using optimistic sales growth of 40%-50% until 2025, I obtained a target price of $6.6. Kopin trades at close to 7.6x 2022 sales. It is expensive compared to competitors.
|KOPN||US Semiconductor||US Market|
Return vs Industry: KOPN exceeded the US Semiconductor industry which returned 55% over the past year.
Return vs Market: KOPN exceeded the US Market which returned 33.8% over the past year.
Stable Share Price: KOPN is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 9% a week.
Volatility Over Time: KOPN's weekly volatility has decreased from 16% to 9% over the past year.
About the Company
Kopin Corporation, together with its subsidiaries, invents, develops, manufactures, and sells components, subassemblies, and head-worn and hand-held systems in the United States, the Asia-Pacific, Europe, and internationally. It offers miniature active-matrix liquid crystal displays, liquid crystal on silicon displays/spatial light modulators, organic light emitting diode displays, application specific integrated circuits, backlights, and optical lenses; and headset systems. The company’s products are used in soldier, avionic, armored vehicle and training, and simulation defense applications; industrial, public safety, and medical headsets; 3D optical inspection systems; and consumer augmented reality and virtual reality wearable headsets systems.
Kopin Fundamentals Summary
|KOPN fundamental statistics|
Is KOPN overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|KOPN income statement (TTM)|
|Cost of Revenue||US$33.90m|
Last Reported Earnings
Jun 26, 2021
Next Earnings Date
|Earnings per share (EPS)||-0.09|
|Net Profit Margin||-17.08%|
How did KOPN perform over the long term?See historical performance and comparison
Is Kopin 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 KOPN's fair value to establish if it is undervalued.
Significantly Below Fair Value: Insufficient data to calculate KOPN's fair value to establish if it is undervalued.
Price To Earnings Ratio
PE vs Industry: KOPN is unprofitable, so we can't compare its PE Ratio to the US Semiconductor industry average.
PE vs Market: KOPN 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 KOPN's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: KOPN is overvalued based on its PB Ratio (11.7x) compared to the US Semiconductor industry average (4.5x).
How is Kopin forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: KOPN is forecast to remain unprofitable over the next 3 years.
Earnings vs Market: KOPN is forecast to remain unprofitable over the next 3 years.
High Growth Earnings: KOPN is forecast to remain unprofitable over the next 3 years.
Revenue vs Market: KOPN's revenue (11% per year) is forecast to grow faster than the US market (9.8% per year).
High Growth Revenue: KOPN's revenue (11% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if KOPN's Return on Equity is forecast to be high in 3 years time
How has Kopin performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: KOPN is currently unprofitable.
Growing Profit Margin: KOPN is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: KOPN is unprofitable, but has reduced losses over the past 5 years at a rate of 12.6% per year.
Accelerating Growth: Unable to compare KOPN's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: KOPN is unprofitable, making it difficult to compare its past year earnings growth to the Semiconductor industry (70.6%).
Return on Equity
High ROE: KOPN has a negative Return on Equity (-19.59%), as it is currently unprofitable.
How is Kopin's financial position?
Financial Position Analysis
Short Term Liabilities: KOPN's short term assets ($50.0M) exceed its short term liabilities ($16.1M).
Long Term Liabilities: KOPN's short term assets ($50.0M) exceed its long term liabilities ($2.1M).
Debt to Equity History and Analysis
Debt Level: KOPN is debt free.
Reducing Debt: KOPN had no debt 5 years ago.
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: KOPN has sufficient cash runway for more than 3 years based on its current free cash flow.
Forecast Cash Runway: KOPN has sufficient cash runway for more than 3 years if free cash flow continues to grow at historical rates of 9% each year
What is Kopin current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate KOPN's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate KOPN's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if KOPN's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if KOPN's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of KOPN's dividend in 3 years as they are not forecast to pay a notable one for the US market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
John Fan (77 yo)
Dr. Chin Chiang Fan, also known as John, Co-founded Kopin Corporation in 1984 and has been its Chief Executive Officer since April 1984 and its President since July 1990. Prior to July 1985, he served as A...
CEO Compensation Analysis
Compensation vs Market: John's total compensation ($USD568.61K) is below average for companies of similar size in the US market ($USD1.68M).
Compensation vs Earnings: John's compensation has been consistent with company performance over the past year.
Experienced Management: KOPN's management team is seasoned and experienced (13.8 years average tenure).
Experienced Board: KOPN's board of directors are seasoned and experienced ( 15.3 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: KOPN insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 7.7%.
Kopin Corporation's employee growth, exchange listings and data sources
- Name: Kopin Corporation
- Ticker: KOPN
- Exchange: NasdaqCM
- Founded: 1984
- Industry: Semiconductors
- Sector: Semiconductors
- Market Cap: US$494.542m
- Shares outstanding: 88.95m
- Website: https://www.kopin.com
Number of Employees
- Kopin Corporation
- 125 North Drive
- United States
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/09/20 22:26|
|End of Day Share Price||2021/09/20 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.