NasdaqGS:KOPN

Stock Analysis Report

Executive Summary

Kopin Corporation invents, develops, manufactures, and sells various components and systems in the United States, the Asia-Pacific, Europe, and internationally.


Snowflake Analysis

Excellent balance sheet and overvalued.


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's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-1.6%

KOPN

1.7%

US Semiconductor

-2.6%

US Market


1 Year Return

-74.6%

KOPN

3.4%

US Semiconductor

-13.3%

US Market

Return vs Industry: KOPN underperformed the US Semiconductor industry which returned -3.1% over the past year.

Return vs Market: KOPN underperformed the US Market which returned -15.9% over the past year.


Shareholder returns

KOPNIndustryMarket
7 Day-1.6%1.7%-2.6%
30 Day-5.2%-7.8%-15.2%
90 Day-27.1%-14.9%-22.2%
1 Year-74.6%-74.6%5.5%3.4%-11.5%-13.3%
3 Year-90.5%-90.5%54.6%46.0%13.2%5.7%
5 Year-90.3%-90.3%110.2%90.0%31.8%17.2%

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?

0.99x

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 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 good value based on its PB Ratio (1x) compared to the US Semiconductor industry average (2.2x).


Next Steps

Future Growth

How is Kopin forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

40.0%

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 (15.7% per year) is forecast to grow faster than the US market (7% per year).

High Growth Revenue: KOPN's revenue (15.7% 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


Next Steps

Past Performance

How has Kopin performed over the past 5 years?

-13.4%

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, and losses have increased over the past 5 years at a rate of -13.4% 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 (-30.5%).


Return on Equity

High ROE: KOPN has a negative Return on Equity (-102.74%), as it is currently unprofitable.


Next Steps

Financial Health

How is Kopin's financial position?


Financial Position Analysis

Short Term Liabilities: KOPN's short term assets ($33.8M) exceed its short term liabilities ($11.3M).

Long Term Liabilities: KOPN's short term assets ($33.8M) exceed its long term liabilities ($3.1M).


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 a year based on its current free cash flow.

Forecast Cash Runway: KOPN has less than a year of cash runway if free cash flow continues to reduce at historical rates of -5.9% each year


Next Steps

Dividend

What is Kopin's 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 payouts.

High Dividend: Unable to evaluate KOPN's dividend yield against the top 25% of dividend payers, as the company has not reported any 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?

12.4yrs

Average management tenure


CEO

John Fan (75yo)

36s

Tenure

US$2,262,856

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 ($USD2.26M) is above average for companies of similar size in the US market ($USD626.39K).

Compensation vs Earnings: John's compensation has increased whilst the company is unprofitable.


Leadership Team

NamePositionTenureCompensationOwnership
Chin Fan
Co-Founder36yrsUS$2.26m6.27% $1.8m
Richard Sneider
Treasurer & CFO21.58yrsUS$474.13k0.40% $116.6k
Hong Choi
VP & CTO19.75yrsUS$398.29k0.46% $133.1k
Boryeu Tsaur
Executive Vice President of Display Operations22.75yrsUS$514.28k0.43% $123.9k
David Brook
Secretary & Director36.25yrsUS$83.90k0.35% $102.8k
Harry Buchanan
Director of Business Development - Defense Applications3.83yrsno datano data
Paul Baker
Senior VP & Strategic Business Officerno datano data0.26% $76.2k
Yoichi Iba
Chief Optical System Scientist5.08yrsno datano data
Hideki Matsukawa
Chief Display Scientist4.92yrsno datano data
Tom Futch
Senior Vice President of Sales & Marketing - Solos2.33yrsno datano data

12.4yrs

Average Tenure

65yo

Average Age

Experienced Management: KOPN's management team is seasoned and experienced (12.4 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Chin Fan
Co-Founder36yrsUS$2.26m6.27% $1.8m
David Brook
Secretary & Director36.25yrsUS$83.90k0.35% $102.8k
Morton Collins
Lead Independent Director6.25yrsUS$104.15k0.40% $115.3k
Richard Osgood
Director0.92yrno data0.036% $10.5k
James Brewington
Independent Director13.92yrsUS$87.40k0.18% $52.5k
Chi-Chia Hsieh
Independent Director24.33yrsUS$94.90kno data
Scott Anchin
Director0.92yrno data0.012% $3.5k

13.9yrs

Average Tenure

75yo

Average Age

Experienced Board: KOPN's board of directors are seasoned and experienced ( 13.9 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.


Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 9.7%.


Top Shareholders

Company Information

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


Key Information

  • Name: Kopin Corporation
  • Ticker: KOPN
  • Exchange: NasdaqGS
  • Founded: 1984
  • Industry: Semiconductors
  • Sector: Semiconductors
  • Market Cap: US$29.051m
  • Shares outstanding: 83.05m
  • Website: https://www.kopin.com

Number of Employees


Location

  • Kopin Corporation
  • 125 North Drive
  • Westborough
  • Massachusetts
  • 1581
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
KOPNNasdaqGS (Nasdaq Global Select)YesCommon StockUSUSDApr 1992
KOCDB (Deutsche Boerse AG)YesCommon StockDEEURApr 1992
0JRRLSE (London Stock Exchange)YesCommon StockGBUSDApr 1992

Biography

Kopin Corporation invents, develops, manufactures, and sells various components and 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, optical lenses, and audio integrated circuits, as well as SOLOS smart glasses, which are hands-free head-worn devices that obtain information from sensors or the Internet via a smartphone and displays the information on the sunglass lens. The company’s products are used in industrial and public safety applications; consumer augmented and virtual reality wearable headsets; soldier, avionic, and military armored vehicle applications; 3D optical inspection systems; and training and simulation markets. Kopin Corporation was founded in 1984 and is headquartered in Westborough, Massachusetts. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/04/07 01:38
End of Day Share Price2020/04/06 00:00
Earnings2019/12/28
Annual Earnings2019/12/28


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.