OTCPK:ACFN

Stock Analysis Report

Executive Summary

Acorn Energy, Inc., through its subsidiaries, develops and markets wireless remote monitoring and control systems for various markets in the United States and internationally.


Snowflake Analysis

Weak fundamentals or lack of information.

Share Price & News

How has Acorn Energy's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: ACFN's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

2.3%

ACFN

12.0%

US Electronic

9.4%

US Market


1 Year Return

-33.2%

ACFN

-18.8%

US Electronic

-6.8%

US Market

Return vs Industry: ACFN underperformed the US Electronic industry which returned -18.8% over the past year.

Return vs Market: ACFN underperformed the US Market which returned -6.8% over the past year.


Shareholder returns

ACFNIndustryMarket
7 Day2.3%12.0%9.4%
30 Day-9.1%-6.3%-3.9%
90 Day-31.9%-24.5%-16.5%
1 Year-33.2%-33.2%-18.0%-18.8%-4.8%-6.8%
3 Year-40.3%-40.3%10.9%7.8%23.4%15.2%
5 Year-49.6%-49.6%31.8%25.3%41.3%25.7%

Price Volatility Vs. Market

How volatile is Acorn Energy's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Acorn Energy undervalued compared to its fair value and its price relative to the market?


In this section, we usually try to help investors determine whether Acorn Energy is trading at an attractive price based on the cash flow it is expected to produce in the future. But as Acorn Energy has not provided consistent financial data, and the stock also has no analyst forecast or coverage, its intrinsic value cannot be reliably calculated by extrapolating past data or using analyst consensus cash flow predictions.

This is quite a rare situation as 89% of companies covered by Simply Wall St do have a valuation analysis.


Next Steps

  • Take a look at our analysis of ACFN’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  • When valuing a company like this, investors focus more on how they perceive the size of the opportunity, the company's ability to deliver and scale, and the strength of the team. While we are not analysing this type of data at the moment, if you don’t know where to start, we recommend reading through Acorn Energy regulatory filings here.
  • Explore potentially undervalued companies in the Tech industry.

Future Growth

How is Acorn Energy forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

19.9%

Forecasted Tech industry annual growth in earnings


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 Acorn Energy 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 SimplyWall St do have past financial data.


Next Steps

  • Take a look at our analysis of ACFN’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  • 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 Acorn Energy's filings and announcements here.
  • Explore growth companies in the Tech industry.

Past Performance

How has Acorn Energy performed over the past 5 years?

46.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: ACFN is currently unprofitable.

Growing Profit Margin: ACFN is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: ACFN is unprofitable, but has reduced losses over the past 5 years at a rate of 46.3% per year.

Accelerating Growth: Unable to compare ACFN's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: ACFN is unprofitable, making it difficult to compare its past year earnings growth to the Electronic industry (0.03%).


Return on Equity

High ROE: ACFN's liabilities exceed its assets, so it is difficult to calculate its Return on Equity.


Next Steps

Financial Health

How is Acorn Energy's financial position?


Financial Position Analysis

Short Term Liabilities: ACFN has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.

Long Term Liabilities: ACFN has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.


Debt to Equity History and Analysis

Debt Level: ACFN has negative shareholder equity, which is a more serious situation than a high debt level.

Reducing Debt: ACFN's has negative shareholder equity, so we do not need to check if its debt has reduced over time.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: ACFN has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: ACFN has less than a year of cash runway if free cash flow continues to grow at historical rates of 45% each year.


Next Steps

Dividend

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


Dividend Yield vs Market

Notable Dividend: Unable to evaluate ACFN's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

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


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if ACFN's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if ACFN's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: ACFN is not paying a notable dividend for the US market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of ACFN's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

4.7yrs

Average board tenure


CEO

Jan Loeb (60yo)

4.25s

Tenure

US$174,000

Compensation

Mr. Jan H. Loeb has been the Chief Executive Officer and President of Acorn Energy, Inc. since January 28, 2016. Mr. Loeb serves as Acting Chief Executive Officer at OmniMetrix, LLC since December 1, 2019. ...


CEO Compensation Analysis

Compensation vs Market: Jan's total compensation ($USD174.00K) is below average for companies of similar size in the US market ($USD607.70K).

Compensation vs Earnings: Jan's compensation has been consistent with company performance over the past year.


Board Members

NamePositionTenureCompensationOwnership
Jan Loeb
President4.25yrsUS$174.00k7.64% $622.4k
George Morgenstern
Founder11.08yrsUS$97.54kno data
Samuel Zentman
Independent Director15.42yrsUS$27.38k0.21% $16.8k
Michael Osterer
Independent Director2.25yrsUS$10.88k5.09% $414.7k
Gary Mohr
Independent Director1.67yrsUS$19.38k0.66% $54.0k

4.7yrs

Average Tenure

73yo

Average Age

Experienced Board: ACFN's board of directors are considered experienced (4.7 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

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


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 20.2%.


Top Shareholders

Company Information

Acorn Energy, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Acorn Energy, Inc.
  • Ticker: ACFN
  • Exchange: OTCPK
  • Founded: 1986
  • Industry: Electronic Equipment and Instruments
  • Sector: Tech
  • Market Cap: US$8.151m
  • Shares outstanding: 39.00m
  • Website: https://www.acornenergy.com

Number of Employees


Location

  • Acorn Energy, Inc.
  • 1000 N West Street
  • Suite 1200
  • Wilmington
  • Delaware
  • 19801
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ACFNOTCPK (Pink Sheets LLC)YesCommon StockUSUSDFeb 1992

Biography

Acorn Energy, Inc., through its subsidiaries, develops and markets wireless remote monitoring and control systems for various markets in the United States and internationally. It operates through two segments, Power Generation (PG) Monitoring and Cathodic Protection (CP) Monitoring. The PG segment provides wireless remote monitoring and control systems, and services for critical assets, which include stand-by power generators, compressors, batteries, pumps, pumpjacks, light towers, turbines, and other industrial equipment; and Internet of Things applications. The CP segment provides remote monitoring of cathodic protection systems on gas pipelines for gas utilities and pipeline companies. The company was founded in 1986 and is based in Wilmington, Delaware. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/04/09 23:53
End of Day Share Price2020/04/09 00:00
Earnings2019/12/31
Annual Earnings2019/12/31


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.