NasdaqCM:KOPN

Stock Analysis Report

NOT FOR DISTRIBUTION
Header cover image

Market Cap

US$598.5m

Last Updated

2021/08/01 22:28 UTC

Data Sources

Company Financials +

Executive Summary

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. More Details


Snowflake Analysis

Flawless balance sheet with concerning outlook.


Similar Companies

Share Price & News

How has Kopin's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: KOPN is more volatile than 75% of US stocks over the past 3 months, typically moving +/- 10% a week.

Volatility Over Time: KOPN's weekly volatility has decreased from 16% to 10% over the past year, but is still higher than 75% of US stocks.


Market Performance


7 Day Return

-2.7%

KOPN

2.3%

US Semiconductor

-0.4%

US Market


1 Year Return

235.3%

KOPN

55.6%

US Semiconductor

35.9%

US Market

Return vs Industry: KOPN exceeded the US Semiconductor industry which returned 55.6% over the past year.

Return vs Market: KOPN exceeded the US Market which returned 35.9% over the past year.


Shareholder returns

KOPNIndustryMarket
7 Day-2.7%2.3%-0.4%
30 Day-13.3%-0.2%-0.3%
90 Day-12.5%11.0%3.1%
1 Year235.3%235.3%57.6%55.6%38.0%35.9%
3 Year121.7%121.7%129.6%118.2%62.9%52.7%
5 Year221.0%221.0%298.9%261.9%121.3%96.9%

Long-Term Price Volatility Vs. Market

How volatile is Kopin's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Kopin undervalued compared to its fair value and its price relative to the market?

13.73x

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 (13.7x) compared to the US Semiconductor industry average (4.7x).


Future Growth

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

45.7%

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 (16% per year) is forecast to grow faster than the US market (9.2% per year).

High Growth Revenue: KOPN's revenue (16% 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


Past Performance

How has Kopin performed over the past 5 years?

7.3%

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 7.3% 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 (55.6%).


Return on Equity

High ROE: KOPN has a negative Return on Equity (-11.99%), as it is currently unprofitable.


Financial Health

How is Kopin's financial position?


Financial Position Analysis

Short Term Liabilities: KOPN's short term assets ($52.0M) exceed its short term liabilities ($15.5M).

Long Term Liabilities: KOPN's short term assets ($52.0M) exceed its long term liabilities ($2.2M).


Debt to Equity History and Analysis

Debt Level: KOPN is debt free.

Reducing Debt: KOPN had no debt 5 years ago.


Balance Sheet


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 5.5% each year


Dividend

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.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

13.7yrs

Average management tenure


CEO

John Fan (77 yo)

37.25yrs

Tenure

US$568,613

Compensation

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 ($USD568.61K) is below average for companies of similar size in the US market ($USD1.74M).

Compensation vs Earnings: John's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: KOPN's management team is seasoned and experienced (13.7 years average tenure).


Board Members

Experienced Board: KOPN's board of directors are seasoned and experienced ( 15.2 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 been diluted in the past year, with total shares outstanding growing by 7.6%.


Top Shareholders

Company Information

Kopin Corporation's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Kopin Corporation
  • Ticker: KOPN
  • Exchange: NasdaqCM
  • Founded: 1984
  • Industry: Semiconductors
  • Sector: Semiconductors
  • Market Cap: US$598.473m
  • Shares outstanding: 88.79m
  • Website: https://www.kopin.com

Number of Employees


Location

  • Kopin Corporation
  • 125 North Drive
  • Westborough
  • Massachusetts
  • 01581-3335
  • United States

Listings


Biography

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, ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/08/01 22:28
End of Day Share Price2021/07/30 00:00
Earnings2021/03/27
Annual Earnings2020/12/26


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.