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

Fundamentals

Flawless balance sheet with limited growth.


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


Market Performance


7 Day Return

2.6%

KOPN

0.08%

US Semiconductor

0.4%

US Market


1 Year Return

-73.6%

KOPN

21.6%

US Semiconductor

6.9%

US Market

Return vs Industry: KOPN underperformed the US Semiconductor industry which returned 21.6% over the past year.

Return vs Market: KOPN underperformed the US Market which returned 6.9% over the past year.


Shareholder returns

KOPNIndustryMarket
7 Day2.6%0.08%0.4%
30 Day-25.8%-1.1%-1.2%
90 Day-49.1%3.6%-0.4%
1 Year-73.6%-73.6%24.0%21.6%9.3%6.9%
3 Year-73.8%-73.8%80.7%70.0%45.8%36.4%
5 Year-83.3%-83.3%132.7%108.5%62.9%45.1%

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?

1.09x

Price to Book (PB) ratio


Share Price vs. Fair Value

Undervalued: Insufficient data to calculate KOPN's fair value to establish if it is undervalued.

Significantly Undervalued: 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

Low 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 (1.1x) compared to the US Semiconductor industry average (2.7x).


Next Steps

Future Growth

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

43.0%

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 (28% per year) is forecast to grow faster than the US market (7.2% per year).

High Growth Revenue: KOPN's revenue (28% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

High 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?

-7.5%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: KOPN is unprofitable, and losses have increased over the past 5 years at a rate of -7.5% 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 (-6.2%).


Return on Equity

High ROE: KOPN has a negative Return on Equity (-87.57%), as it is currently unprofitable.


Return on Assets

ROA vs Industry: KOPN is currently unprofitable, so its Return on Assets is negative.


Return on Capital Employed

ROCE Improving: KOPN is currently unprofitable, so its Return on Capital Employed is negative.


Next Steps

Financial Health

How is Kopin's financial position?


Financial Position Analysis

Short Term Liabilities: KOPN's short term assets ($42.3M) exceeds its short term liabilities ($12.9M)

Long Term Liabilities: KOPN's short term assets (42.3M) exceeds its long term liabilities (3.6M)


Debt to Equity History and Analysis

Debt Level: KOPN is debt free.

Reducing Debt: KOPN has not had any debt for past 5 years.


Balance Sheet

Inventory Level: KOPN has a low level of unsold assets or inventory.

Debt Coverage by Assets: KOPN's debt is not covered by short term assets (assets are -9.5226148399954E+16x debt).


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 sufficient cash runway for 1.124786 years if free cash flow continues to reduce at historical rates of -2.6% each year.


Next Steps

Dividend

What is Kopin's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%1.4%markettop25%3.7%industryaverage2.2%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

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.

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

What is the CEO of Kopin's salary, the management and board of directors tenure and is there insider trading?

5.4yrs

Average management tenure


CEO

John Fan (75yo)

35.5yrs

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 ($USD2.26M) is above average for companies of similar size in the US market ($USD491.38K).

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


Management Age and Tenure

5.4yrs

Average Tenure

67yo

Average Age

Experienced Management: KOPN's management team is seasoned and experienced (5.4 years average tenure).


Board Age and Tenure

13.4yrs

Average Tenure

75yo

Average Age

Experienced Board: KOPN's board of directors are seasoned and experienced ( 13.4 years average tenure).


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown


Management Team

  • John Fan (75yo)

    Co-Founder

    • Tenure: 35.5yrs
    • Compensation: US$2.26m
  • Richard Sneider (58yo)

    Treasurer & CFO

    • Tenure: 21.1yrs
    • Compensation: US$474.13k
  • Boryeu Tsaur (63yo)

    Executive Vice President of Display Operations

    • Tenure: 22.3yrs
    • Compensation: US$514.28k
  • Hong Choi (67yo)

    VP & CTO

    • Tenure: 19.3yrs
    • Compensation: US$398.29k
  • David Brook (78yo)

    Secretary & Director

    • Tenure: 35.8yrs
    • Compensation: US$83.90k
  • Stuart Nixdorff

    Senior Vice President of Sales & Marketing

    • Tenure: 5.4yrs
  • Tom Futch

    Senior Vice President of Sales & Marketing - Solos

    • Tenure: 1.8yrs
  • Yoichi Iba

    Chief Optical System Scientist

    • Tenure: 4.6yrs
  • Hideki Matsukawa

    Chief Display Scientist

    • Tenure: 4.4yrs
  • Harry Buchanan

    Director of Business Development - Defense Applications

    • Tenure: 3.3yrs

Board Members

  • Mort Collins (83yo)

    Lead Independent Director

    • Tenure: 5.8yrs
    • Compensation: US$104.15k
  • John Fan (75yo)

    Co-Founder

    • Tenure: 35.5yrs
    • Compensation: US$2.26m
  • Richard Osgood (65yo)

    Director

    • Tenure: 0.4yrs
  • Jim Brewington (75yo)

    Independent Director

    • Tenure: 13.4yrs
    • Compensation: US$87.40k
  • David Brook (78yo)

    Secretary & Director

    • Tenure: 35.8yrs
    • Compensation: US$83.90k
  • Chi-Chia Hsieh (74yo)

    Independent Director

    • Tenure: 23.8yrs
    • Compensation: US$94.90k
  • Scott Anchin (45yo)

    Director

    • Tenure: 0.4yrs

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$45.942m
  • Shares outstanding: 82.04m
  • 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

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 cry ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/18 23:37
End of Day Share Price2019/10/18 00:00
Earnings2019/06/29
Annual Earnings2018/12/29


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.