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Socket Mobile

Nasdaq:SCKT
Snowflake Description

Excellent balance sheet and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
SCKT
Nasdaq
$11M
Market Cap
  1. Home
  2. US
  3. Tech
Company description

Socket Mobile, Inc. produces data capture products for mobile applications used in business mobility markets in the United States, Europe, Asia, and internationally. The last earnings update was 34 days ago. More info.


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  • Socket Mobile has significant price volatility in the past 3 months.
SCKT Share Price and Events
7 Day Returns
-2.1%
NasdaqCM:SCKT
7.2%
US Tech
2.4%
US Market
1 Year Returns
-48.8%
NasdaqCM:SCKT
1.4%
US Tech
1.9%
US Market
SCKT Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Socket Mobile (SCKT) -2.1% 0.5% -1.6% -48.8% -39% 96.9%
US Tech 7.2% 8.5% 14.1% 1.4% 65.8% 111.3%
US Market 2.4% 1.7% 11.9% 1.9% 38.2% 42.4%
1 Year Return vs Industry and Market
  • SCKT underperformed the Tech industry which returned 1.4% over the past year.
  • SCKT underperformed the Market in United States of America which returned 1.9% over the past year.
Price Volatility
SCKT
Industry
5yr Volatility vs Market

Value

 Is Socket Mobile 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
Here we compare the current share price of Socket Mobile to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data    Our intrinsic value calculation method has changed recently, learn more here.

Below are the data sources, inputs and calculation used to determine the intrinsic value for Socket Mobile.

NasdaqCM:SCKT Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 9.4%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NasdaqCM:SCKT
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Tech Unlevered Beta Simply Wall St/ S&P Global 1.03
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.027 (1 + (1- 21%) (19.13%))
1.122
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.12
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.122 * 5.96%)
9.42%

Discounted Cash Flow Calculation for NasdaqCM:SCKT using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Socket Mobile is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

NasdaqCM:SCKT DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 9.42%)
2019 1.99 Est @ 2.99% 1.82
2020 2.05 Est @ 2.91% 1.71
2021 2.11 Est @ 2.86% 1.61
2022 2.17 Est @ 2.82% 1.51
2023 2.23 Est @ 2.79% 1.42
2024 2.29 Est @ 2.77% 1.33
2025 2.35 Est @ 2.76% 1.25
2026 2.42 Est @ 2.75% 1.18
2027 2.48 Est @ 2.75% 1.10
2028 2.55 Est @ 2.74% 1.04
Present value of next 10 years cash flows $13.98
NasdaqCM:SCKT DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $2.55 × (1 + 2.73%) ÷ (9.42% – 2.73%)
$39.21
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $39.21 ÷ (1 + 9.42%)10
$15.94
NasdaqCM:SCKT Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $13.98 + $15.94
$29.92
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $29.92 / 5.88
$5.09
NasdaqCM:SCKT Discount to Share Price
Calculation Result
Value per share (USD) From above. $5.09
Current discount Discount to share price of $1.91
= -1 x ($1.91 - $5.09) / $5.09
62.4%

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

Current Discount
Amount off the current price Socket Mobile is available for.
Intrinsic value
>50%
Share price is $1.91 vs Future cash flow value of $5.09
Current Discount Checks
For Socket Mobile to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Socket Mobile's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Socket Mobile's share price is below the future cash flow value, and at a substantial discount (> 40%).
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 Socket Mobile's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Socket Mobile's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqCM:SCKT PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in USD $-0.09
NasdaqCM:SCKT Share Price ** NasdaqCM (2019-03-18) in USD $1.91
United States of America Tech Industry PE Ratio Median Figure of 15 Publicly-Listed Tech Companies 16.87x
United States of America Market PE Ratio Median Figure of 3,055 Publicly-Listed Companies 17.61x

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

** Primary Listing of Socket Mobile.

NasdaqCM:SCKT PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqCM:SCKT Share Price ÷ EPS (both in USD)

= 1.91 ÷ -0.09

-20.39x

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

  • Socket Mobile is loss making, we can't compare its value to the US Tech industry average.
  • Socket Mobile 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 Socket Mobile's expected growth come at a high price?
Raw Data
NasdaqCM:SCKT PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -20.39x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
31%per year
United States of America Tech Industry PEG Ratio Median Figure of 8 Publicly-Listed Tech Companies 1.08x
United States of America Market PEG Ratio Median Figure of 2,109 Publicly-Listed Companies 1.48x

*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 Socket Mobile, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Socket Mobile's assets?
Raw Data
NasdaqCM:SCKT PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in USD $2.11
NasdaqCM:SCKT Share Price * NasdaqCM (2019-03-18) in USD $1.91
United States of America Tech Industry PB Ratio Median Figure of 37 Publicly-Listed Tech Companies 1.88x
United States of America Market PB Ratio Median Figure of 5,152 Publicly-Listed Companies 1.87x
NasdaqCM:SCKT PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqCM:SCKT Share Price ÷ Book Value per Share (both in USD)

= 1.91 ÷ 2.11

0.91x

* Primary Listing of Socket Mobile.

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

  • Socket Mobile is good value based on assets compared to the US Tech industry average.
X
Value checks
We assess Socket Mobile'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 Tech 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 Tech industry average (and greater than 0)? (1 check)
  5. Socket Mobile has a total score of 3/6, 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 Socket Mobile expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover Socket Mobile, future earnings growth has been estimated based on fundamentals.
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
31%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Socket Mobile expected to grow at an attractive rate?
  • Socket Mobile's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Socket Mobile's earnings growth is expected to exceed the United States of America market average.
  • Unable to compare Socket Mobile's revenue growth to the United States of America market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
NasdaqCM:SCKT Future Growth Rates Data Sources
Data Point Source Value (per year)
NasdaqCM:SCKT Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 31%
United States of America Tech Industry Earnings Growth Rate Market Cap Weighted Average 4.7%
United States of America Tech Industry Revenue Growth Rate Market Cap Weighted Average 3.1%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14.3%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.1%

*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
NasdaqCM:SCKT Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 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.
NasdaqCM:SCKT Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
NasdaqCM:SCKT Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-12-31 16 -1
2018-09-30 17 2 -3
2018-06-30 18 2 -3
2018-03-31 20 2 -2
2017-12-31 21 2 -1
2017-09-30 22 2 12
2017-06-30 22 1 12
2017-03-31 21 1 12
2016-12-31 21 1 12
2016-09-30 21 1 3
2016-06-30 20 2 3
2016-03-31 19 1 2

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Socket Mobile's earnings are expected to grow significantly at over 20% yearly.
  • Unable to determine if Socket Mobile 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
NasdaqCM:SCKT Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Socket Mobile Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqCM:SCKT Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
NasdaqCM:SCKT Past Financials Data
Date (Data in USD Millions) EPS *
2018-12-31 -0.09
2018-09-30 -0.49
2018-06-30 -0.41
2018-03-31 -0.31
2017-12-31 -0.23
2017-09-30 1.95
2017-06-30 2.03
2017-03-31 2.05
2016-12-31 2.10
2016-09-30 0.47
2016-06-30 0.45
2016-03-31 0.44

*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 Socket Mobile will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Socket Mobile'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.
Socket Mobile has a total score of 3/6, 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 Socket Mobile 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 Socket Mobile's growth in the last year to its industry (Tech).
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.
  • Socket Mobile does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare Socket Mobile's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Socket Mobile's 1-year growth to the US Tech industry average as it is not currently profitable.
Earnings and Revenue History
Socket Mobile'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 Socket Mobile Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqCM:SCKT 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 16.45 -0.57 5.40 3.64
2018-09-30 16.69 -3.13 5.83 3.26
2018-06-30 18.03 -2.67 5.90 3.25
2018-03-31 19.64 -2.04 5.89 3.19
2017-12-31 21.29 -1.43 5.93 3.04
2017-09-30 22.33 11.70 5.89 2.88
2017-06-30 21.96 11.96 5.70 2.71
2017-03-31 21.37 11.98 5.62 2.59
2016-12-31 20.79 12.15 5.42 2.45
2016-09-30 20.75 2.69 5.27 2.29
2016-06-30 20.16 2.55 5.13 2.17
2016-03-31 19.44 2.44 4.94 1.97
2015-12-31 18.40 1.82 4.91 1.89
2015-09-30 16.92 0.84 4.89 1.85
2015-06-30 17.33 0.74 4.84 1.89
2015-03-31 17.23 0.43 4.80 1.93
2014-12-31 17.02 0.43 4.58 1.90
2014-09-30 16.78 0.03 4.68 1.90
2014-06-30 15.15 -0.72 4.57 1.86
2014-03-31 15.19 -0.77 4.56 1.87
2013-12-31 15.66 -0.62 4.58 1.84
2013-09-30 14.77 -0.89 3.99 2.25
2013-06-30 14.27 -1.55 4.35 2.31
2013-03-31 13.88 -2.35 4.79 2.45
2012-12-31 13.56 -3.30 5.35 2.71
2012-09-30 15.22 -2.98 5.80 2.91
2012-06-30 17.11 -2.73 5.99 2.98
2012-03-31 17.43 -2.37 5.90 2.89

*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 Socket Mobile has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Socket Mobile has efficiently used its assets last year compared to the US Tech industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Socket Mobile 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 Socket Mobile'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 Tech 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.
Socket Mobile 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 Socket Mobile'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 Socket Mobile's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Socket Mobile is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Socket Mobile's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Socket Mobile'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.
  • Debt is covered by short term assets, assets are 2.9x debt.
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 Socket Mobile Company Filings, last reported 2 months ago.

NasdaqCM:SCKT Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 12.41 2.15 1.09
2018-09-30 12.44 2.51 1.32
2018-06-30 12.36 2.57 1.30
2018-03-31 12.37 4.05 2.07
2017-12-31 17.23 0.05 3.38
2017-09-30 19.78 0.06 2.87
2017-06-30 17.97 0.82 2.13
2017-03-31 17.31 0.83 1.62
2016-12-31 16.17 1.12 1.32
2016-09-30 5.60 0.84 1.15
2016-06-30 4.84 0.78 1.05
2016-03-31 4.17 1.14 1.03
2015-12-31 3.34 1.30 0.94
2015-09-30 2.24 1.69 0.86
2015-06-30 1.62 2.19 0.83
2015-03-31 1.16 2.20 0.74
2014-12-31 1.03 2.21 0.63
2014-09-30 0.86 2.37 0.74
2014-06-30 0.35 2.35 0.70
2014-03-31 0.11 2.30 0.67
2013-12-31 0.13 2.25 0.61
2013-09-30 0.48 2.24 0.40
2013-06-30 0.75 2.49 0.66
2013-03-31 0.64 2.24 0.64
2012-12-31 0.47 1.72 0.39
2012-09-30 1.03 1.49 0.41
2012-06-30 1.91 0.97 0.61
2012-03-31 2.45 0.87 0.96
  • Socket Mobile's level of debt (17.3%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (1690.2% vs 17.3% today).
  • Debt is well covered by operating cash flow (70.1%, greater than 20% of total debt).
  • Socket Mobile is making a loss, therefore interest payments are not well covered by earnings.
X
Financial health checks
We assess Socket Mobile'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. Socket Mobile has a total score of 5/6, 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 Socket Mobile'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
0%
Current annual income from Socket Mobile dividends.
If you bought $2,000 of Socket Mobile 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 Socket Mobile's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Socket Mobile'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.
Raw Data
NasdaqCM:SCKT 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 Tech Industry Average Dividend Yield Market Cap Weighted Average of 8 Stocks 1.7%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2004 Stocks 2.5%
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.

NasdaqCM:SCKT Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts

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

  • Unable to perform a dividend volatility check as Socket Mobile has not reported any payouts.
  • Unable to verify if Socket Mobile's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Socket Mobile's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Socket Mobile has not reported any payouts.
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 Socket Mobile'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 Socket Mobile afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Socket Mobile has a total score of 0/6, 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 Socket Mobile'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
Kevin Mills
COMPENSATION $360,253
AGE 57
TENURE AS CEO 19 years
CEO Bio

Mr. Kevin J. Mills has been the President and Chief Executive Officer of Socket Mobile, Inc. since March 2000. Mr. Mills served as the Chief Operating Officer of Socket from September 1998 to March 2000. Mr. Mills joined Socket in September 1993 as Vice President of Operations and also served as its Vice President of Engineering. Prior to joining Socket, Mr. Mills worked from September 1987 to August 1993 at Logitech, Inc., serving most recently as its Director of Operations. He began his career as Quality Assurance Manager for NorthStar Computers Ireland. He has been a Director at Socket Mobile, Inc. since March 2000. He received a B.E. in Electronic Engineering from the University of Limerick, Ireland.

CEO Compensation
  • Kevin's compensation has increased whilst company is loss making.
  • Kevin's remuneration is about average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Socket Mobile management team in years:

18.7
Average Tenure
59
Average Age
  • The average tenure for the Socket Mobile management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Charlie Bass

TITLE
Co-Founder & Chairman of the Board
COMPENSATION
$44K
AGE
76
TENURE
27 yrs

Kevin Mills

TITLE
President
COMPENSATION
$360K
AGE
57
TENURE
19 yrs

Dave Dunlap

TITLE
CFO, VP of Finance & Administration
COMPENSATION
$268K
AGE
75
TENURE
24.1 yrs

Lee Baillif

TITLE
Vice President of Operations
COMPENSATION
$235K
AGE
57
TENURE
4.2 yrs

Leonard Ott

TITLE
VP of Engineering & CTO
COMPENSATION
$244K
AGE
59
TENURE
18.4 yrs

Lynn Zhao

TITLE
VP & Controller
TENURE
4.2 yrs
Board of Directors Tenure

Average tenure and age of the Socket Mobile board of directors in years:

3.8
Average Tenure
59
Average Age
  • The tenure for the Socket Mobile board of directors is about average.
Board of Directors

Charlie Bass

TITLE
Co-Founder & Chairman of the Board
COMPENSATION
$44K
AGE
76
TENURE
27 yrs

Kevin Mills

TITLE
President
COMPENSATION
$360K
AGE
57
TENURE
19 yrs

Dave Dunlap

TITLE
CFO, VP of Finance & Administration
COMPENSATION
$268K
AGE
75
TENURE
4.8 yrs

Brent MacDonald

TITLE
Independent Director
COMPENSATION
$37K
AGE
52
TENURE
2.8 yrs

Nelson Chan

TITLE
Independent Director
COMPENSATION
$39K
AGE
57
TENURE
2.4 yrs

Bill Parnell

TITLE
Director
COMPENSATION
$37K
AGE
61
TENURE
1.8 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
X
Management checks
We assess Socket Mobile'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. Socket Mobile 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 Directors Own Socket Mobile, Inc. (NASDAQ:SCKT) Shares?

If you want to know who really controls Socket Mobile, Inc. … With a market capitalization of US$12m, Socket Mobile is a small cap stock, so it might not be well known by many institutional investors. … Check out our latest analysis for Socket Mobile

Simply Wall St -

Is Socket Mobile, Inc.'s (NASDAQ:SCKT) CEO Paid Enough Relative To Peers?

Kevin Mills became the CEO of Socket Mobile, Inc. … This report will, first, examine the CEO compensation levels in comparison to CEO compensation at companies of similar size. … How Does Kevin Mills's Compensation Compare With Similar Sized Companies?

Simply Wall St -

What does Socket Mobile Inc's (NASDAQ:SCKT) Balance Sheet Tell Us About Its Future?

Socket Mobile Inc (NASDAQ:SCKT) is a small-cap stock with a market capitalization of US$11m. … While investors primarily focus on the growth potential and competitive landscape of the small-cap companies, they end up ignoring a key aspect, which could be the biggest threat to its existence: its financial health. … Evaluating financial health as part of your investment thesis is

Simply Wall St -

What You Must Know About Socket Mobile Inc's (NASDAQ:SCKT) Financial Strength

While small-cap stocks, such as Socket Mobile Inc (NASDAQ:SCKT) with its market cap of US$13.52m, are popular for their explosive growth, investors should also be aware of their balance sheet to judge whether the company can survive a downturn. … Evaluating financial health as part of your investment thesis is

Simply Wall St -

What Should Investors Know About Socket Mobile Inc's (NASDAQ:SCKT) Return On Capital?

and want a simplistic look at the return on Socket Mobile Inc (NASDAQ:SCKT) stock. … Your equity share is granted in return for the capital provided to the business to operate, and in order for an investment to be successful the business has to create earnings from the funds that make up this capital. … To understand Socket Mobile’s capital returns we will look at a useful metric called return on capital employed.

Simply Wall St -

What You Need To Know About Socket Mobile Inc’s (NASDAQ:SCKT) Cash Situation

Socket Mobile’s FCF may be negative today, but is operating cash flows expected to improve in the future? … Below is a table of Socket Mobile’s operating cash flow in the past year, as well as the anticipated level going forward. … Current +1 year +2 year Operating Cash Flow (OCF) US$2.38M US$2.20M US$3.00M OCF Growth Year-On-Year -7.42% 36.36% OCF Growth From Current Year 26.25% Next Steps: Now you know to keep cash flows in mind, I suggest you continue to research Socket Mobile to get a better picture of the company by looking at: Valuation: What is SCKT worth today?

Simply Wall St -

Where Socket Mobile Inc's (NASDAQ:SCKT) Earnings Growth Stands Against Its Industry

Assessing Socket Mobile Inc's (NASDAQ:SCKT) past track record of performance is a valuable exercise for investors. … View our latest analysis for Socket Mobile Was SCKT's weak performance lately a part of a long-term decline? … Socket Mobile's track record can be a valuable insight into its earnings performance, but it certainly doesn't tell the whole story.

Simply Wall St -

How Did Socket Mobile Inc's (NASDAQ:SCKT) 92.24% ROE Fare Against The Industry?

Check out our latest analysis for Socket Mobile Breaking down ROE — the mother of all ratios Return on Equity (ROE) is a measure of Socket Mobile’s profit relative to its shareholders’ equity. … For now, let’s just look at the cost of equity number for Socket Mobile, which is 9.77%. … Given a positive discrepancy of 82.46% between return and cost, this indicates that Socket Mobile pays less for its capital than what it generates in return, which is a sign of capital efficiency.

Simply Wall St -

Who Owns Socket Mobile Inc (NASDAQ:SCKT)?

When it comes to ownership structure of a company, the impact has been observed in both the long-and short-term performance of shares. … While these are more of a long-term investor’s concern, short-term investors may find the impact of institutional trading overwhelming enough to lose out on what could be a potential opportunity. … What this means for you: With a low level of institutional ownership, investors in SCKT need not worry about non-fundamental factors such as ownership structure causing large impact on stock prices.

Simply Wall St -

Is Socket Mobile Inc's (NASDAQ:SCKT) PE Ratio A Signal To Buy For Investors?

Formula Price-Earnings Ratio = Price per share ÷ Earnings per share P/E Calculation for SCKT Price per share = $3.46 Earnings per share = $1.95 ∴ Price-Earnings Ratio = $3.46 ÷ $1.95 = 1.8x On its own, the P/E ratio doesn’t tell you much; however, it becomes extremely useful when you compare it with other similar companies. … We preferably want to compare the stock’s P/E ratio to the average of companies that have similar features to SCKT, such as capital structure and profitability. … For example, if you accidentally compared higher growth firms with SCKT, then SCKT’s P/E would naturally be lower since investors would reward its peers’ higher growth with a higher price.

Simply Wall St -

Company Info

Description

Socket Mobile, Inc. produces data capture products for mobile applications used in business mobility markets in the United States, Europe, Asia, and internationally. The company’s products are incorporated into mobile applications used in mobile point of sale, enterprise mobility, asset tracking, control systems, logistics, event management, medical, and education. It provides cordless data capture devices that connect over Bluetooth and work with applications running on smartphones, mobile computers, and tablets; and software developer kits to mobile application developers to enable them to integrate its products into their applications. The company offers barcode scanning products for 1D imager and laser, and 2D barcode scanning in standard and durable cases. It is also developing D600, a contactless SmartTag reader writer version of its durable handheld barcode scanner that reads and writes various types of electronic SmartTags, including near field communications. In addition, the company offers SocketCare services program, which provides extended warranty and accidental breakage coverage for various products. It markets its products through a network of distributors and on-line resellers, application developers, and value added resellers. The company was formerly known as Socket Communications, Inc. and changed its name to Socket Mobile, Inc. in April 2008. Socket Mobile, Inc. was founded in 1992 and is headquartered in Newark, California.

Details
Name: Socket Mobile, Inc.
SCKT
Exchange: NasdaqCM
Founded: 1992
$11,236,738
5,883,109
Website: http://www.socketmobile.com
Address: Socket Mobile, Inc.
39700 Eureka Drive,
Newark,
California, 94560,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqCM SCKT Common Stock Nasdaq Capital Market US USD 07. Jun 1995
BST SNB1 Common Stock Boerse-Stuttgart DE EUR 07. Jun 1995
Number of employees
Current staff
Staff numbers
56
Socket Mobile employees.
Industry
Technology Hardware, Storage and Peripherals
Tech
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/19 00:08
End of day share price update: 2019/03/18 00:00
Last estimates confirmation: 2018/02/15
Last earnings filing: 2019/02/13
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.