Microwave Filter Company, Inc. designs, develops, manufactures, and sells electronic filters for radio and microwave frequencies primarily in the United States.
Flawless balance sheet and undervalued.
Share Price & News
How has Microwave Filter Company's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: MFCO's share price has been volatile over the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: MFCO exceeded the US Communications industry which returned -8.6% over the past year.
Return vs Market: MFCO exceeded the US Market which returned 17.9% over the past year.
Price Volatility Vs. Market
How volatile is Microwave Filter Company's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Is Microwave Filter Company undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: MFCO ($0.73) is trading below our estimate of fair value ($1.59)
Significantly Below Fair Value: MFCO is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: MFCO is good value based on its PE Ratio (14.4x) compared to the Communications industry average (24.7x).
PE vs Market: MFCO is good value based on its PE Ratio (14.4x) compared to the US market (18.2x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate MFCO's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: MFCO is good value based on its PB Ratio (1.6x) compared to the US Communications industry average (1.9x).
How is Microwave Filter Company forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
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 Microwave Filter Company 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.
- Examine whether Microwave Filter Company is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
- 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 Microwave Filter Company's filings and announcements here.
- Explore growth companies in the Tech industry.
How has Microwave Filter Company performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: MFCO has high quality earnings.
Growing Profit Margin: MFCO became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: MFCO has become profitable over the past 5 years, growing earnings by -4.5% per year.
Accelerating Growth: MFCO has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: MFCO has become profitable in the last year, making it difficult to compare its past year earnings growth to the Communications industry (-19.9%).
Return on Equity
High ROE: MFCO's Return on Equity (10.9%) is considered low.
Return on Assets
Return on Capital Employed
How is Microwave Filter Company's financial position?
Financial Position Analysis
Short Term Liabilities: MFCO's short term assets ($1.5M) exceed its short term liabilities ($361.2K).
Long Term Liabilities: MFCO's short term assets ($1.5M) exceed its long term liabilities ($179.2K).
Debt to Equity History and Analysis
Debt Level: MFCO's debt to equity ratio (19.3%) is considered satisfactory.
Reducing Debt: MFCO's debt to equity ratio has reduced from 28.7% to 19.3% over the past 5 years.
Inventory Level: MFCO has a high level of physical assets or inventory.
Debt Coverage by Assets: MFCO's debt is covered by short term assets (assets are 6.3x debt).
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: MFCO is profitable, therefore cash runway is not a concern.
Forecast Cash Runway: MFCO is profitable, therefore cash runway is not a concern.
What is Microwave Filter Company's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: Unable to evaluate MFCO's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate MFCO'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 MFCO's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if MFCO's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: MFCO is not paying a notable dividend for the US market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of MFCO's dividend in 3 years as they are not forecast to pay a notable one for the US market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Paul Mears (60yo)
Mr. Paul W. Mears has been the Chief Executive Officer and Director of Microwave Filter Co. Inc. since December 9, 2015 and previously served as its Vice President of Engineering since April 1998. Mr. Mear ...
CEO Compensation Analysis
Compensation vs Market: Paul's total compensation ($USD96.67K) is below average for companies of similar size in the US market ($USD522.48K).
Compensation vs Earnings: Paul's compensation has been consistent with company performance over the past year.
|CEO & Director||4.2yrs||US$96.67k||0.039% $730.0|
|VP, CFO & Corporate Secretary||27.3yrs||US$103.09k||no data|
|Executive Vice President||4.2yrs||US$110.24k||0.19% $3.6k|
Experienced Management: MFCO's management team is considered experienced (4.2 years average tenure).
|CEO & Director||4.2yrs||US$96.67k||0.039% $730.0|
|Vice Chairman||4.2yrs||US$2.25k||2.8% $52.8k|
|Chairman of the Board||15.3yrs||US$4.00k||0.081% $1.5k|
|Independent Director||25.1yrs||US$2.50k||0.12% $2.2k|
|Independent Director||28.1yrs||US$1.75k||0.17% $3.2k|
|Independent Director||7.3yrs||US$2.25k||3.43% $64.6k|
Experienced Board: MFCO's board of directors are considered experienced (8.1 years average tenure).
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
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Microwave Filter Company, Inc.'s company bio, employee growth, exchange listings and data sources
- Name: Microwave Filter Company, Inc.
- Ticker: MFCO
- Exchange: OTCPK
- Founded: 1967
- Industry: Communications Equipment
- Sector: Tech
- Market Cap: US$1.883m
- Shares outstanding: 2.58m
- Website: https://www.microwavefilter.com
Number of Employees
- Microwave Filter Company, Inc.
- 6743 Kinne Street
- East Syracuse
- New York
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|MFCO||OTCPK (Pink Sheets LLC)||Yes||Common Stock||US||USD||Jun 1984|
Microwave Filter Company, Inc. designs, develops, manufactures, and sells electronic filters for radio and microwave frequencies primarily in the United States. It manufactures RF filters and related components for eliminating interference and facilitating signal processing for cable television, broadcast, commercial and military communications, avionics, radar, navigation, and defense markets. The company also designs waveguide, stripline/microstrip, transmission line, miniature/subminiature, and lumped constant filters. Its configurations include bandpass, highpass, lowpass, bandstop, multiplexers, tunable notch, tunable bandpass, high power filters, amplitude equalized, delay equalized, and filter networks. Microwave Filter Company, Inc. was founded in 1967 and is based in East Syracuse, New York.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/02/24 01:41|
|End of Day Share Price||2020/02/21 00:00|
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.