OTCPK:FRTN

Stock Analysis Report

Executive Summary

Fortran Corporation, through its subsidiaries, offers communication system integration services to media and communication sectors.


Snowflake Analysis

Excellent balance sheet with weak fundamentals.

Share Price & News

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


Latest Share Price and Events

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


Market Performance


7 Day Return

-13.5%

FRTN

12.8%

US Communications

12.5%

US Market


1 Year Return

-52.6%

FRTN

-28.7%

US Communications

-12.7%

US Market

Return vs Industry: FRTN underperformed the US Communications industry which returned -28.7% over the past year.

Return vs Market: FRTN underperformed the US Market which returned -12.7% over the past year.


Shareholder returns

FRTNIndustryMarket
7 Day-13.5%12.8%12.5%
30 Day3.4%-4.5%-14.7%
90 Day-10.0%-18.9%-21.5%
1 Year-52.6%-52.6%-27.2%-28.7%-10.9%-12.7%
3 Year309.1%309.1%9.6%2.7%12.6%5.4%
5 Year-25.0%-25.0%40.1%25.0%31.9%17.5%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

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


In this section, we usually try to help investors determine whether Fortran is trading at an attractive price based on the cash flow it is expected to produce in the future. But as Fortran 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

  • Examine Fortran'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.
  • 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 Fortran regulatory filings here.
  • Explore potentially undervalued companies in the Tech industry.

Future Growth

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

13.2%

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 Fortran 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

  • Examine Fortran'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 Fortran's filings and announcements here.
  • Explore growth companies in the Tech industry.

Past Performance

How has Fortran performed over the past 5 years?

6.9%

Historical Tech annual earnings growth


In this section we usually display a company’s past earnings and revenues to help investors visualise the trend through time. We also gauge the company’s performance by benchmarking its returns and growth to its industry peers and the wider market. However, Fortran has not provided sufficient past data to assess its track record.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have historical data.


Next Steps

Financial Health

How is Fortran's financial position?


In this section we usually analyse Fortran's finance health to determine how well-positioned it is against times of financial distress, in particular, its ability to manage its cash and debt levels. Fortran has not provided adequate balance sheet data, its financial health cannot be properly assessed as it.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have financial information.


Next Steps

  • Take a look at our analysis of FRTN’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.
  • Investors tend to look at the financial health of a company this size in order to assess the sustainability of its current operations. 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.
  • Financial health is measured at one point in time, so the latest financial report is the best representation of the company’s current financial status. Check when Fortran's financial data was last updated here.
  • Explore more healthy companies in the Tech industry.

Dividend

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


Dividend Yield vs Market

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

High Dividend: Unable to evaluate FRTN'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 FRTN's dividends per share have been stable in the past.

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


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of FRTN'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?

1.8yrs

Average board tenure


CEO

Glenn Withers

1.67s

Tenure

Mr. Glenn Withers serves as Chairman, Chief Executive Officer and President of Fortran Corp. He serves as its Chief Executive Officer since July 11, 2018. 


Board Members

NamePositionTenureCompensationOwnership
Glenn Withers
Chairman1.67yrsno datano data
Brett Bartalomi
VP & Vice Chair1.17yrsno datano data
Dayne Miller
CFO & Director1.83yrsno datano data
Douglas Miller
Director1.83yrsno datano data

1.8yrs

Average Tenure

Experienced Board: FRTN's board of directors are not considered experienced ( 1.8 years average tenure), which suggests a new board.


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.


Ownership Breakdown

Dilution of Shares: Insufficient data to determine if shareholders have been diluted in the past year.


Top Shareholders

Company Information

Fortran Corporation's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Fortran Corporation
  • Ticker: FRTN
  • Exchange: OTCPK
  • Founded: 1948
  • Industry: Communications Equipment
  • Sector: Tech
  • Market Cap: US$8.072m
  • Shares outstanding: 17.94m
  • Website: https://www.fortrancorp.com

Location

  • Fortran Corporation
  • 725 11th Avenue Boulevard SE
  • Hickory
  • North Carolina
  • 28601
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
FRTNOTCPK (Pink Sheets LLC)YesCommon StockUSUSDDec 1972

Biography

Fortran Corporation, through its subsidiaries, offers communication system integration services to media and communication sectors. The company provides communication solutions designing, sourcing, implementing, and maintenance services. Additionally, it offers mobile billboards, event marketing, conventions and trade shows, and political advertising and editorial statements. The company’s subsidiaries include The New Telephone Company, Inc.; CCI-Telecom, Inc.; B & L Telephone, LLC; and Fortran Communications, Inc. Fortran Corporation was formerly known as Burke Mills Inc. and changed its name to Fortran Corporation in February 2013. Fortran Corporation was founded in 1948 and is based in Hickory, North Carolina. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/03/30 01:47
End of Day Share Price2020/03/27 00:00
Earnings2014/06/30
Annual Earnings2014/06/30


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.