SolarWindow Technologies, Inc. develops electricity-generating systems using see-through glass windows and flexible plastic products.
The last earnings update was 44 days ago.
More info.
Value is all about what a company is worth versus what price it is
available for. If you went into a grocery store and all the bananas were on sale
at half price, they could be considered
undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
It is not possible to calculate the future cash flow value for
SolarWindow Technologies. This is due to cash flow or dividend data being
unavailable. The share price is
$2.17.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for
it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing
when they are out of season, or how much your home is worth.
The amount the stock market is willing to pay for
SolarWindow Technologies's
earnings,
growth
and
assets
is considered below, and whether this is a fair price.
Price based on past earnings
Are
SolarWindow Technologies's earnings available for a low price, and how does
this compare to other companies in the same industry?
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 SolarWindow Technologies 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.
Show me the analysis anyway
The future performance of a company is measured in the same way as past
performance, by looking at estimated
growth
and how much profit it is expected to make.
Future estimates come from
professional analysts. Just like forecasting the weather, they don’t always get
it right!
4.5%
Expected Semiconductor industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is
SolarWindow Technologies
expected to grow at an
attractive
rate?
Unable to compare SolarWindow Technologies's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
Unable to compare SolarWindow Technologies's earnings growth to the United States of America market average as no estimate data is available.
Unable to compare SolarWindow Technologies's revenue growth to the United States of America market average as no estimate data is available.
Unable to determine if SolarWindow Technologies is high growth as no earnings estimate data is available.
Unable to determine if SolarWindow Technologies is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can
be gauged below. We look back 3 years and see if they were any good at
predicting what actually occurred. We also show the highest and lowest estimates
looking forward to see if there is a wide range.
All data from SolarWindow Technologies Company Filings, last reported 2 months ago, and in
Trailing twelve months (TTM)
annual period rather than quarterly.
OTCPK:WNDW Past Financials Data
Date (Data in USD Millions)
EPS *
2018-11-30
-0.14
2018-08-31
-0.19
2018-05-31
-0.19
2018-02-28
-0.19
2017-11-30
-0.19
2017-08-31
-0.17
2017-05-31
-0.12
2017-02-28
-0.16
2016-11-30
-0.18
2016-08-31
-0.17
2016-05-31
-0.26
2016-02-29
-0.25
*GAAP earnings excluding extraordinary items.
Performance in 3 years
In the same way as past performance we look at the future estimated return
(profit) compared to the available
funds. We do this looking forward 3 years.
Unable to establish if SolarWindow Technologies will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
Next steps:
Examine SolarWindow Technologies's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
While we do not consider unaudited financials to be a reliable enough to include in our analysis, you can access them on the OTC Markets Website. If you are looking for more of a qualitative research into the company, you can access SolarWindow Technologies's filings and announcements here.
We assess
SolarWindow Technologies's future performance by looking at:
Is the annual earnings growth rate expected to beat the low risk savings rate, plus a
premium to keep pace with inflation?
Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
Is the annual earnings growth rate expected to be above 20%? (1 check)
Is the annual revenue growth rate expected to be above 20%? (1 check)
Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making
in the relevant year.
SolarWindow Technologies
has a total score of
0/6, see the detailed checks below.
Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.
The past performance of a company can be measured by how much
growth
it has experienced and how much profit it makes relative to the funds and assets
it has available.
Past earnings growth
Below we compare
SolarWindow Technologies's growth in the last year to its industry (Semiconductor).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it
has maintained that growth in the year.
SolarWindow Technologies does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
Unable to compare SolarWindow Technologies's 1-year earnings growth to the 5-year average as it is not currently profitable.
Unable to compare SolarWindow Technologies's 1-year growth to the US Semiconductor industry average as it is not currently profitable.
Earnings and Revenue History
SolarWindow Technologies's
revenue
and
profit
over the past 5 years is shown below, any years where they have experienced a
loss will show up in red.
All data from SolarWindow Technologies Company Filings, last reported 2 months ago, and in
Trailing twelve months (TTM)
annual period rather than quarterly.
OTCPK:WNDW Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions)
Revenue
Net Income *
G+A Expenses
R&D Expenses
2018-11-30
-5.84
2.29
1.90
2018-08-31
-6.85
3.62
1.93
2018-05-31
-6.78
3.67
1.67
2018-02-28
-6.53
3.58
1.38
2017-11-30
-6.33
3.58
1.13
2017-08-31
-5.35
2.78
0.95
2017-05-31
-3.62
2.77
1.05
2017-02-28
-4.51
2.66
1.03
2016-11-30
-5.04
2.92
0.91
2016-08-31
-4.64
2.32
0.82
2016-05-31
-6.98
2.37
0.80
2016-02-29
-6.45
2.52
0.66
2015-11-30
-6.16
2.31
0.65
2015-08-31
-8.09
2.43
0.68
2015-05-31
-7.84
2.40
0.62
2015-02-28
-7.20
2.53
0.66
2014-11-30
-6.38
2.38
0.64
2014-08-31
-3.89
2.39
0.62
2014-05-31
-2.91
2.15
0.60
2014-02-28
-2.56
1.93
0.55
2013-11-30
-4.63
3.16
0.45
2013-08-31
-4.27
2.89
0.36
2013-05-31
-4.23
2.84
0.34
2013-02-28
-4.28
2.76
0.47
2012-11-30
-2.11
1.43
0.61
2012-08-31
-2.19
1.65
0.67
2012-05-31
-1.35
0.72
0.78
2012-02-29
-2.39
1.88
0.67
*GAAP earnings excluding extraordinary items.
Performance last year
We want to ensure a company is making the most of what it has available. This is
done by comparing the return (profit) to a company's available
funds,
assets
and
capital.
It is difficult to establish if SolarWindow Technologies has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
It is difficult to establish if SolarWindow Technologies has efficiently used its assets last year compared to the US Semiconductor industry average (Return on Assets) as it is loss-making.
It is difficult to establish if SolarWindow Technologies improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
We assess
SolarWindow Technologies's performance over the past 5 years by checking for:
Has earnings increased in past 5 years? (1 check)
Has the earnings growth in the last year exceeded that of the
Semiconductor
industry? (1 check)
Is the recent earnings growth over the last year higher than the average annual growth over the
past 5 years? (1 check)
Is the Return on Equity (ROE) higher than 20%? (1 check)
Is the Return on Assets (ROA) above industry average? (1 check)
Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent
earnings report. Some checks require at least 3 or 5 years worth of data.
SolarWindow Technologies
has a total score of
0/6, see the detailed checks below.
Note: We use GAAP Net Income excluding extraordinary items in all our calculations.
A company's financial position is much like your own financial position,
it includes everything you own
(assets)
and owe
(liabilities).
The boxes below represent the relative size of what makes up
SolarWindow Technologies's finances.
The net worth of a company is the difference between its assets and liabilities.
Net Worth
SolarWindow Technologies is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
SolarWindow Technologies has no long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of
SolarWindow Technologies's finances. If any of them are yellow this
indicates they may be out of proportion and red means they relate to one of the
checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
Low level of unsold assets.
SolarWindow Technologies has no debt, it does not need to be covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t
bad,
however if the debt is too high, or the company can’t afford to pay the interest
on its debts this may have impacts in the future.
The graphic below shows equity (available funds) and debt, we ideally want to
see the red area (debt) decreasing.
If there is any debt we look at the companies capability to repay it, and
whether the level has increased over the past 5 years.
We assess
SolarWindow Technologies's financial health by checking for:
Are short term assets greater than short term liabilities? (1 check)
Are short term assets greater than long term liabilities? (1 check)
Has the debt to equity ratio increased in the past 5 years? (1 check)
Is the debt to equity ratio over 40%? (1 check)
Is the debt covered by operating cash flow? (1 check)
Are earnings greater than 5x the interest on debt (if company pays interest
at all)? (1 check)
SolarWindow Technologies
has a total score of
6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
Dividends are regular cash payments to you from the company, similar to a
bank paying you interest on a savings account.
Annual Dividend Income
0%
Current annual income from
SolarWindow Technologies
dividends.
If you bought
$2,000 of
SolarWindow Technologies
shares you are expected to receive
$0
in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you
can get in a
savings account?
It is up there with the
best dividend paying companies?
Unable to evaluate SolarWindow Technologies's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
Unable to evaluate SolarWindow Technologies's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not
wildly increasing/decreasing each year. This graph shows you the historical rate
to count toward your assessment of the stock.
We also check to see if the dividend has increased in the past 10 years.
We assess
SolarWindow Technologies's dividend by checking for:
Firstly is the company paying a notable dividend (greater than 0.8%) - if
not then the rest of the checks are ignored.
Is current dividend yield above the bottom 25% of dividend payers? (1 check)
Is current dividend yield above the top 25% of dividend payers? (1 check)
Have they paid a dividend for 10 years, and during this period has the
dividend been volatile (drop of more than 25%)? (1 check)
If they have paid a dividend for 10 years has it increased in this time? (1
check)
How sustainable is the dividend, can
SolarWindow Technologies
afford to pay it from its earnings today and in 3 years (Payout ratio less than
90%)? (2 checks)
SolarWindow Technologies
has a total score of
0/6, see the detailed checks below.
Management is one of the most important areas of a company. We look at
unreasonable CEO compensation, how long the team and board of directors have
been around for and insider trading.
CEO
JohnConklin
COMPENSATION
$6,312,127
AGE
58
TENURE AS CEO
8.5 years
CEO Bio
Mr. John A. Conklin has been the Chief Executive Officer and President at SolarWindow Technologies, Inc. since August 9, 2010. Mr. Conklin served as Chief Financial Officer at SolarWindow Technologies, Inc. from August 9, 2010 to October 22, 2018. Mr. Conklin is the Founder of Tellurium Associates, LLC, an industrial and environmental process design and operations consulting Company and founder of National Solar Systems, LLC. He has 32 years of industrial process and renewable and alternative energy experience; he has consulted to and overseen the technical and business requirements of over 50 technology, manufacturing and industrial process companies, ranging from start-ups to Fortune 500 companies, including industry leaders such as Lockheed Martin and TDI Power. Mr. Conklin's particular expertise in chemical surface coatings and designing solar photovoltaic and thermal energy systems certainly be of benefit to the continued development of New Energy Technologies, Inc., SolarWindow(TM), which makes use of special coatings that allow for the generation and movement of electricity on see-thru glass. Mr. Conklin has been a Director of SolarWindow Technologies, Inc. since August 09, 2010. Mr. Conklin has studied chemical engineering, chemical technology and numerous industrial, safety and renewable energy programs.
CEO Compensation
John's compensation has increased whilst company is loss making.
John's remuneration is higher than average for companies of similar size in United States of America.
Management Team Tenure
Average tenure of the
SolarWindow Technologies
management team in years:
3.2
Average Tenure
The tenure for the SolarWindow Technologies management team is about average.
Management Team
John Conklin
TITLE
President
COMPENSATION
$6M
AGE
58
TENURE
8.5 yrs
Steve Yan-Klassen
TITLE
Chief Financial Officer
AGE
50
TENURE
0.3 yrs
Briana Erickson
TITLE
Manager of Business Operations & Communication
Patrick Sargent
TITLE
Vice President of Product Development & Engineering
TENURE
3.1 yrs
Curtis Watkins
TITLE
Vice President of Energy Markets & Utilities
TENURE
3.3 yrs
Board of Directors Tenure
Average tenure and age of the
SolarWindow Technologies
board of directors in years:
1.8
Average Tenure
57.5
Average Age
The average tenure for the SolarWindow Technologies board of directors is less than 3 years, this suggests a new board.
SolarWindow Technologies, Inc. develops electricity-generating systems using see-through glass windows and flexible plastic products. It engages in developing SolarWindow electricity-generating systems that harvest light energy from the sun and artificial sources using a coating of organic photovoltaic solar cell. The company is also involved in developing SolarWindow–Commercial, a flat glass product for installation in new commercial towers under construction and replacement windows; SolarWindow–Structural Glass, a structural glass wall and curtain for tall structures; SolarWindow–Architectural Glass, a textured and decorative interior glass walls, room dividers, etc.; and SolarWindow–Residential, a window glass for installation in new residential homes under construction and replacement windows. In addition, it engages in developing SolarWindow–Flex, a flexible film, which is applied directly to different surfaces; and SolarWindow Retrofit Veneer, a transparent, tinted, and flexible veneer that installers can apply directly on to existing, previously installed, window glass. The company was formerly known as New Energy Technologies, Inc. and changed its name to SolarWindow Technologies, Inc. in March 2015. SolarWindow Technologies, Inc. was founded in 1998 and is based in Scottsdale, Arizona. SolarWindow Technologies, Inc. is a subsidiary of Kalen Capital Corporation.
SolarWindow Technologies, Inc.
9375 East Shea Boulevard,
Suite 108-B,
Scottsdale,
Arizona, 85260,
United States
Listings
Exchange Symbol
Ticker Symbol
Security
Exchange
Country
Currency
Listed on
OTCPK
WNDW
Common Shares
Pink Sheets LLC
US
USD
29. Sep 2003
LSE
0L7R
Common Shares
London Stock Exchange
GB
USD
29. Sep 2003
Number of employees
Current staff
2
SolarWindow Technologies
employees.
Industry
Semiconductors
Semiconductors
Company Analysis and Financial Data Status
Area
Date (UTC time)
Company Analysis updated:
2019/02/22 00:30
End of day share price update:
2019/02/21 00:00
Last earnings filing:
2019/01/09
Last earnings reported:
2018/11/30
Last annual earnings reported:
2018/08/31
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.