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Communications Systems

Nasdaq:JCS
Snowflake Description

Flawless balance sheet and overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
JCS
Nasdaq
$26M
Market Cap
  1. Home
  2. US
  3. Tech
Company description

Communications Systems, Inc., through its subsidiaries, manufactures and sells connectivity infrastructure products for broadband and voice communications in North America, Europe, the Middle East, Africa, and internationally. The last earnings update was 43 days ago. More info.


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JCS Share Price and Events
7 Day Returns
-5.4%
NasdaqGM:JCS
0.2%
US Communications
-0.3%
US Market
1 Year Returns
-24.3%
NasdaqGM:JCS
22%
US Communications
7%
US Market
JCS Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Communications Systems (JCS) -5.4% 3.6% 22.6% -24.3% -54.2% -77.9%
US Communications 0.2% 6% 23.1% 22% 89.9% 98.3%
US Market -0.3% 2.2% 8.5% 7% 37.7% 46.8%
1 Year Return vs Industry and Market
  • JCS underperformed the Communications industry which returned 22% over the past year.
  • JCS underperformed the Market in United States of America which returned 7% over the past year.
Price Volatility
JCS
Industry
5yr Volatility vs Market

Value

 Is Communications Systems undervalued based on future cash flows and its price relative to the stock market?

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 Communications Systems. This is due to cash flow or dividend data being unavailable. The share price is $2.8084.
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 Communications Systems's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Communications Systems's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqGM:JCS PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in USD $-0.75
NasdaqGM:JCS Share Price ** NasdaqGM (2019-04-18) in USD $2.81
United States of America Communications Industry PE Ratio Median Figure of 33 Publicly-Listed Communications Companies 34.35x
United States of America Market PE Ratio Median Figure of 3,081 Publicly-Listed Companies 18.17x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Communications Systems.

NasdaqGM:JCS PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGM:JCS Share Price ÷ EPS (both in USD)

= 2.81 ÷ -0.75

-3.77x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Communications Systems is loss making, we can't compare its value to the US Communications industry average.
  • Communications Systems is loss making, we can't compare the value of its earnings to the United States of America market.
Price based on expected Growth
Does Communications Systems's expected growth come at a high price?
Raw Data
NasdaqGM:JCS PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -3.77x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
United States of America Communications Industry PEG Ratio Median Figure of 21 Publicly-Listed Communications Companies 1.33x
United States of America Market PEG Ratio Median Figure of 2,109 Publicly-Listed Companies 1.56x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Communications Systems, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Communications Systems's assets?
Raw Data
NasdaqGM:JCS PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in USD $4.55
NasdaqGM:JCS Share Price * NasdaqGM (2019-04-18) in USD $2.81
United States of America Communications Industry PB Ratio Median Figure of 68 Publicly-Listed Communications Companies 1.93x
United States of America Market PB Ratio Median Figure of 5,182 Publicly-Listed Companies 1.91x
NasdaqGM:JCS PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGM:JCS Share Price ÷ Book Value per Share (both in USD)

= 2.81 ÷ 4.55

0.62x

* Primary Listing of Communications Systems.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Communications Systems is good value based on assets compared to the US Communications industry average.
X
Value checks
We assess Communications Systems's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Communications industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Communications industry average (and greater than 0)? (1 check)
  5. Communications Systems has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Communications Systems expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

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 Communications Systems 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!
Annual Growth Rate
15.3%
Expected Communications industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Communications Systems expected to grow at an attractive rate?
  • Unable to compare Communications Systems's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Communications Systems's earnings growth to the United States of America market average as no estimate data is available.
  • Unable to compare Communications Systems's revenue growth to the United States of America market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
NasdaqGM:JCS Future Growth Rates Data Sources
Data Point Source Value (per year)
United States of America Communications Industry Earnings Growth Rate Market Cap Weighted Average 15.3%
United States of America Communications Industry Revenue Growth Rate Market Cap Weighted Average 5.3%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.4%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NasdaqGM:JCS Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqGM:JCS Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
NasdaqGM:JCS Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-12-31 66 -5 -7
2018-09-30 66 -4 -8
2018-06-30 71 -4 -11
2018-03-31 78 2 -12
2017-12-31 82 4 -12
2017-09-30 86 7 -12
2017-06-30 91 9 -9
2017-03-31 95 6 -7
2016-12-31 99 1 -8
2016-09-30 104 4 -12
2016-06-30 111 4 -9
2016-03-31 113 0 -8

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Communications Systems is high growth as no earnings estimate data is available.
  • Unable to determine if Communications Systems 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.
Raw Data
NasdaqGM:JCS Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Communications Systems Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGM:JCS Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
NasdaqGM:JCS Past Financials Data
Date (Data in USD Millions) EPS *
2018-12-31 -0.75
2018-09-30 -0.85
2018-06-30 -1.19
2018-03-31 -1.36
2017-12-31 -1.32
2017-09-30 -1.34
2017-06-30 -0.98
2017-03-31 -0.81
2016-12-31 -0.92
2016-09-30 -1.36
2016-06-30 -1.07
2016-03-31 -0.91

*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 Communications Systems will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine Communications Systems'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.
  2. Communications Systems's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Tech companies here
  3. Communications Systems's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Communications Systems's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. 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.
Communications Systems 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.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Communications Systems performed over the past 5 years?

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 Communications Systems's growth in the last year to its industry (Communications).
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.
  • Communications Systems does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Communications Systems's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Communications Systems's 1-year growth to the US Communications industry average as it is not currently profitable.
Earnings and Revenue History
Communications Systems'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.
Raw Data

All data from Communications Systems Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGM:JCS Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 65.76 -6.79 27.49
2018-09-30 66.15 -7.74 27.87
2018-06-30 71.27 -10.72 28.19
2018-03-31 78.30 -12.17 28.79
2017-12-31 82.32 -11.83 28.67
2017-09-30 86.04 -11.97 29.12
2017-06-30 91.24 -8.71 29.81
2017-03-31 95.49 -7.16 32.52
2016-12-31 99.35 -8.11 35.11
2016-09-30 104.28 -12.02 37.49
2016-06-30 110.90 -9.47 39.63
2016-03-31 112.79 -7.95 39.86
2015-12-31 107.67 -9.65 40.83
2015-09-30 107.22 -4.94 41.41
2015-06-30 108.41 -4.53 40.77
2015-03-31 113.42 -2.06 40.20
2014-12-31 119.07 1.96 38.63
2014-09-30 119.15 2.19 36.95
2014-06-30 130.34 -1.54 37.07
2014-03-31 129.07 -1.34 36.34
2013-12-31 131.32 -0.96 36.74
2013-09-30 129.76 -0.06 37.77
2013-06-30 113.83 3.09 37.35
2013-03-31 107.46 2.43 37.69
2012-12-31 104.25 2.24 38.10
2012-09-30 103.83 1.57 39.09
2012-06-30 117.13 4.18 40.11

*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 Communications Systems has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Communications Systems has efficiently used its assets last year compared to the US Communications industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Communications Systems improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Communications Systems's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Communications industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. 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.
Communications Systems 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.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Communications Systems's financial health and their level of debt?

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 Communications Systems's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Communications Systems is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Communications Systems's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Communications Systems'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.
  • High level of physical assets or inventory.
  • Communications Systems 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.
Raw Data

All data from Communications Systems Company Filings, last reported 3 months ago.

NasdaqGM:JCS Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 41.65 0.00 11.06
2018-09-30 42.57 0.00 11.25
2018-06-30 44.42 0.00 14.17
2018-03-31 47.49 0.00 17.61
2017-12-31 49.17 0.00 17.99
2017-09-30 51.10 0.00 17.79
2017-06-30 55.84 0.00 20.56
2017-03-31 60.09 0.00 17.54
2016-12-31 61.63 0.00 16.25
2016-09-30 63.76 0.00 12.05
2016-06-30 65.27 3.10 16.86
2016-03-31 69.25 1.50 15.39
2015-12-31 72.18 0.10 15.04
2015-09-30 79.00 4.14 10.71
2015-06-30 79.01 3.47 10.86
2015-03-31 80.97 0.50 14.03
2014-12-31 86.02 0.63 18.34
2014-09-30 88.14 0.75 20.96
2014-06-30 87.88 0.88 20.83
2014-03-31 87.45 1.00 23.21
2013-12-31 88.62 1.12 25.80
2013-09-30 90.27 1.23 16.22
2013-06-30 93.20 1.35 18.35
2013-03-31 92.97 1.46 21.50
2012-12-31 94.00 1.57 30.57
2012-09-30 96.78 1.68 29.30
2012-06-30 96.78 1.79 32.28
  • Communications Systems has no debt.
  • Communications Systems has no debt compared to 5 years ago when it was 1.3%.
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.

  • Communications Systems has sufficient cash runway for 2 years based on current free cash flow.
  • Communications Systems has sufficient cash runway for 1.8 years if free cash flow continues to grow at historical rates of 36.8% each year.
X
Financial health checks
We assess Communications Systems's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Communications Systems 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:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
2.85%
Current annual income from Communications Systems dividends.
If you bought $2,000 of Communications Systems shares you are expected to receive $57 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?
  • Communications Systems's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.39%).
  • Communications Systems's dividend is below the markets top 25% of dividend payers in United States of America (3.62%).
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.
Raw Data
NasdaqGM:JCS Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
United States of America Communications Industry Average Dividend Yield Market Cap Weighted Average of 15 Stocks 2.3%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2009 Stocks 2.4%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NasdaqGM:JCS Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
NasdaqGM:JCS Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-03-01 0.080 2.909
2018-12-12 0.080 3.320
2018-08-16 0.160 5.579
2018-05-23 0.160 4.247
2018-03-01 0.160 4.466
2017-11-15 0.160 4.463
2017-08-24 0.160 3.878
2017-05-24 0.160 3.734
2017-03-01 0.160 3.608
2016-12-01 0.160 3.309
2016-08-18 0.160 3.355
2016-05-19 0.640 9.090
2016-03-09 0.640 9.451
2015-11-19 0.640 8.591
2015-08-25 0.640 7.603
2015-08-07 0.640 6.795
2015-08-05 0.640 6.317
2015-03-03 0.640 5.812
2014-12-03 0.640 5.977
2014-09-03 0.640 5.625
2014-05-29 0.640 5.399
2014-03-11 0.640 5.237
2013-08-20 0.640 5.581
2013-05-22 0.640 6.211
2013-03-05 0.640 6.404
2012-11-28 0.640 5.996
2012-11-08 0.640 6.077
2012-11-07 0.640 5.786
2012-05-22 0.640 5.831
2012-03-12 0.640 5.033
2011-12-01 0.600 4.141
2011-09-07 0.600 4.250
2011-06-10 0.600 3.595
2011-03-07 0.600 3.736
2010-12-07 0.600 4.045
2010-09-02 0.600 5.022
2010-06-07 0.600 5.688
2010-03-10 0.560 4.555
2009-12-01 0.560 4.547
2009-08-24 0.560 4.897
2009-05-13 0.560 5.299
2009-04-21 0.480 5.695

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have fallen over the past 10 years.
Current Payout to shareholders
What portion of Communications Systems's earnings are paid to the shareholders as a dividend.
  • The company is paying a dividend however it is incurring a loss.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Communications Systems's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Communications Systems afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Communications Systems has a total score of 1/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

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

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
Roger Lacey
COMPENSATION $452,327
AGE 68
TENURE AS CEO 4.8 years
CEO Bio

Mr. Roger H. D. Lacey has been the Chief Executive Officer of Communications Systems Inc. since February 27, 2015 and served as its President. He is a Senior Partner at GCM Capital. Mr. Lacey served as the Senior Vice President of Strategy and Corporate Development at 3M Company since January 2010 until his retirement in 2013. He was Chief Strategy Officer and head of Global Mergers and Acquisitions at 3M Company from 2000 to 2013. He served as an Interim Chief Executive Officer of Communications Systems Inc. from June 4, 2014 to February 27, 2015. He served as a Vice President of Corporate Strategy and Marketing Development at 3M Company since 2007. Mr. Lacey’s career with 3M began in 1975. Mr. Lacey served as a Staff Vice President of Corporate Strategy and Marketing Development at 3M Company since 2006 and served as its Staff Vice President of E-Business and Corporate Planning and Strategy since 2000; Division Vice President of Telecom Systems Division, Austin since 1993; Division Vice President of Telecom Markets Division, Austin since 1993; General Manager of Telecom Markets Division, Austin since 1991; Department Manager of Private Network Products, Austin since 1989; General Manager of 3M U.K. Electro-Telecommunications Division since 1987 and held Various marketing/sales positions. Mr. Lacey has been Executive Chairman of Communications Systems Inc. since December 12, 2018, served as its Vice Chairman from September 2013 to December 12, 2018 and has been its Director since July 2008. He is a Founding Member of Innovation Lab, MIT. He was Vice Chair of Abbott Northwestern Hospital Foundation. He is a Member of Corporate Strategy Board, Washington, D.C. and Executive Member of the Conference Board, New York, N.Y. He serves as a Member of Strategic Board at Governors of Opus College of Business. In addition, Mr. Lacey served as a member of the corporate venture capital board for internal and external new venture investments from 2009 to 2013. In addition, he is a Board member of Johnsonville Sausage Corporation. He is a member of the Board of Governors for Opus Business School, University of St. Thomas and a visiting Professor of Strategy and Corporate Development at Huddersfield University. He served as a Non-Executive Director of BATM Advanced Communications Ltd., from June 22, 2010 to November 29, 2010. He served as an Executive Member of the National Policy Association, Washington, D.C.; Council Member of Manufacturers Alliance /MAPI Strategic Planning and Development and Member of Senior Editorial Board Comparative Technology Transfer and Society. Mr. Lacey has a unique perspective that combines familiarity with key telecommunications and data markets around the world combined with deep experience in strategic planning and business development. Mr. Lacey holds B.A. Degree in Economics and Politics from Manchester Polytechnic, Manchester and M.B.A from Manchester Business School, Manchester.

CEO Compensation
  • Roger's compensation has been consistent with company performance over the past year.
  • Roger's remuneration is about average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Communications Systems management team in years:

4.8
Average Tenure
56
Average Age
  • The tenure for the Communications Systems management team is about average.
Management Team

Roger Lacey

TITLE
Executive Chairman & CEO
COMPENSATION
$452K
AGE
68
TENURE
4.8 yrs

Mark Fandrich

TITLE
CFO, Treasurer & Group Business President
COMPENSATION
$298K
AGE
56
TENURE
2.7 yrs

Scott Otis

TITLE
Group Business President & General Manager of Transition Networks
COMPENSATION
$396K
AGE
56
TENURE
0.3 yrs

Dick Primuth

TITLE
Secretary & Director
COMPENSATION
$66K
AGE
72

Scott Fluegge

TITLE
President & GM of JDL Technologies
COMPENSATION
$330K
AGE
48
TENURE
5.6 yrs

Kristin Hlavka

TITLE
Corporate Controller
COMPENSATION
$201K
AGE
36
TENURE
7.9 yrs

Sev Sadura

TITLE
General Manager of Suttle
COMPENSATION
$212K
AGE
47
Board of Directors Tenure

Average tenure and age of the Communications Systems board of directors in years:

0.3
Average Tenure
68
Average Age
  • The average tenure for the Communications Systems board of directors is less than 3 years, this suggests a new board.
Board of Directors

Roger Lacey

TITLE
Executive Chairman & CEO
COMPENSATION
$452K
AGE
68
TENURE
0.3 yrs

Curt Sampson

TITLE
Founder & Chairman Emeritus
COMPENSATION
$49K
AGE
83
TENURE
0.3 yrs

Dick Primuth

TITLE
Secretary & Director
COMPENSATION
$66K
AGE
72
TENURE
5.5 yrs

Randy Sampson

TITLE
Lead Independent Director
COMPENSATION
$41K
AGE
60
TENURE
0.3 yrs

Steven Webster

TITLE
Director
COMPENSATION
$23K
AGE
61
TENURE
1.9 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
14. Dec 18 Buy Curtis Sampson Individual 12. Dec 18 12. Dec 18 30,000 $2.93 $79,815
14. Dec 18 Buy Mark Fandrich Individual 14. Dec 18 14. Dec 18 1,000 $2.50 $2,468
14. Dec 18 Buy Richard Primuth Individual 13. Dec 18 13. Dec 18 2,500 $2.59 $6,480
04. Dec 18 Sell GAMCO Investors, Inc. Company 17. Oct 18 03. Dec 18 -94,000 $2.85 $-40,810
04. Dec 18 Buy GAMCO Investors, Inc. Company 24. Oct 18 24. Oct 18 300 $2.72 $816
01. Oct 18 Sell GAMCO Investors, Inc. Company 18. Sep 18 28. Sep 18 -117,984 $3.33 $-349,758
01. Oct 18 Buy GAMCO Investors, Inc. Company 17. Sep 18 26. Sep 18 13,000 $3.29 $42,010
13. Sep 18 Sell GAMCO Investors, Inc. Company 13. Jul 18 12. Sep 18 -39,959 $3.71 $-134,950
13. Sep 18 Buy GAMCO Investors, Inc. Company 16. Jul 18 03. Aug 18 4,300 $3.69 $15,745
29. May 18 Buy Curtis Sampson Individual 25. May 18 25. May 18 10,000 $3.89 $38,870
10. May 18 Sell Bruce Blackwood Individual 07. May 18 07. May 18 -1,750 $3.59 $-6,277
X
Management checks
We assess Communications Systems's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Communications Systems has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Do Insiders Own Shares In Communications Systems, Inc. (NASDAQ:JCS)?

The big shareholder groups in Communications Systems, Inc. … Generally speaking, as a company grows, institutions will increase their ownership. … Communications Systems is a smaller company with a market capitalization of US$26m, so it may still be flying under the radar of many institutional investors.

Simply Wall St -

Does The Communications Systems, Inc. (NASDAQ:JCS) Share Price Tend To Follow The Market?

Modern finance theory considers volatility to be a measure of risk, and there are two main types of price volatility. … Beta is a widely used metric to measure a stock's exposure to market risk (volatility). … A stock with a beta greater than one is more sensitive to broader market movements than a stock with a beta of less than one.

Simply Wall St -

Imagine Owning Communications Systems And Trying To Stomach The 79% Share Price Drop

(NASDAQ:JCS) shareholders should be happy to see the share price up 12% in the last month. … Five years have seen the share price descend precipitously, down a full 79%. … One way to examine how market sentiment has changed over time is to look at the interaction between a company's share price and its earnings per share (EPS).

Simply Wall St -

How Many Insiders Bought Communications Systems, Inc. (NASDAQ:JCS) Shares?

So shareholders might well want to know whether insiders have been buying or selling shares in Communications Systems, Inc. … Communications Systems Insider Transactions Over The Last Year. … Over the last year, we can see that the biggest insider purchase was by Founder & Chairman Emeritus Curtis Sampson for US$80k worth of shares, at about US$2.93 per share.

Simply Wall St -

How Much is Communications Systems, Inc.'s (NASDAQ:JCS) CEO Getting Paid?

Roger Lacey became the CEO of Communications Systems, Inc. … First, this article will compare CEO compensation with compensation at similar sized companies. … How Does Roger Lacey's Compensation Compare With Similar Sized Companies?

Simply Wall St -

Could Communications Systems Inc's (NASDAQ:JCS) Investor Composition Influence The Stock Price?

Every investor in Communications Systems Inc (NASDAQ:JCS) should be aware of the most powerful shareholder groups. … Taking a look at the our data on the ownership groups (below), it's seems that. … Let's take a closer look to see what the different types of shareholder can tell us about JCS

Simply Wall St -

Are Communications Systems Inc's (NASDAQ:JCS) Interest Costs Too High?

Communications Systems Inc (NASDAQ:JCS), which has zero-debt on its balance sheet, can maximize capital returns by increasing debt due to its lower cost of capital. … However, the trade-off is JCS will have to follow strict debt obligations which will reduce its financial flexibility. … Does JCS's growth rate justify its decision for financial flexibility over lower cost of capital.

Simply Wall St -

Should Communications Systems Inc (NASDAQ:JCS) Be Part Of Your Portfolio?

Communications Systems Inc (NASDAQ:JCS) has returned to shareholders over the past 10 years, an average dividend yield of 5.00% annually. … Let's dig deeper into whether Communications Systems should have a place in your portfolio. … View our latest analysis for Communications Systems

Simply Wall St -

Where Communications Systems Inc's (NASDAQ:JCS) Earnings Growth Stands Against Its Industry

For investors, increase in profitability and industry-beating performance can be essential considerations in an investment. … Below, I will examine Communications Systems Inc's (NASDAQ:JCS) track record on a high level, to give you some insight into how the company has been performing against its long term trend and its industry peers. … See our latest analysis for Communications Systems.

Simply Wall St -

5 Days Left To Cash In On Communications Systems Inc (NASDAQ:JCS) Dividend, Should Investors Buy?

Investors who want to cash in on Communications Systems Inc's (NASDAQ:JCS) upcoming dividend of $0.040 per share have only 5 days left to buy the shares before its ex-dividend date, 14 June 2018, in time for dividends payable on the 02 July 2018. … Investors looking for higher income-generating stocks to add to their portfolio should keep reading, as I take a deeper dive into Communications Systems's latest financial data to analyse its dividend attributes. … 5 checks you should do on a dividend stock.

Simply Wall St -

Company Info

Description

Communications Systems, Inc., through its subsidiaries, manufactures and sells connectivity infrastructure products for broadband and voice communications in North America, Europe, the Middle East, Africa, and internationally. The company’s Transition Networks segment designs, assembles, and markets media converters, NIDs, network interface cards, Ethernet switches, small form factor pluggable modules, and other connectivity products under the Transition Networks brand name. This segment sells its products through distributors, resellers, integrators, and original equipment manufacturers (OEMs) to the federal government, enterprise, service provider, industrial, security, and surveillance markets. Its Suttle segment provides enclosure systems to support premise distribution of broadband and other connectivity networks; fiber optic management and connectivity solutions for access and premise networks; and modular connecting products for copper telecommunications networks, as well as DSL products that support broadband connectivity to copper networks under the Suttle brand name. This segment serves telephone companies, electrical/low-voltage contractors, home builders, cable customers, and OEMs directly, as well as through distributors. The company’s JDL Technologies segment offers information technology managed services; network design, deployment, and integration; cloud, hosted, and virtualization services; and remote support and management services. This segment serves education, healthcare, and commercial markets. Its Net2Edge segment designs, manufactures, and markets carrier Ethernet based network access devices and software under the Liberator brand name. This segment serves government, enterprise, utility, industrial, and surveillance markets, as well as service providers through direct sales model, and approved partners and integrators. Communications Systems, Inc. was founded in 1969 and is headquartered in Minnetonka, Minnesota.

Details
Name: Communications Systems, Inc.
JCS
Exchange: NasdaqGM
Founded: 1969
$26,142,050
9,308,521
Website: http://www.commsystems.com
Address: Communications Systems, Inc.
10900 Red Circle Drive,
Minnetonka,
Minnesota, 55343,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGM JCS Common Stock Nasdaq Global Market US USD 18. Nov 1981
Number of employees
Current staff
Staff numbers
241
Communications Systems employees.
Industry
Communications Equipment
Tech
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/20 23:34
End of day share price update: 2019/04/18 00:00
Last estimates confirmation: 2017/03/07
Last earnings filing: 2019/03/08
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


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.