OTCPK:RDGA

Stock Analysis Report

Ridgefield Acquisition

Executive Summary

Ridgefield Acquisition Corporation does not have significant operations.

Risk Analysis

Earnings have declined by -12.67% per year over past 5 years

Has less than 1 year of cash runway

Does not have a meaningful market cap ($3M)

Currently unprofitable and not forecast to become profitable over the next 3 years



Snowflake Analysis

Weak fundamentals or lack of information.

Share Price & News

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


Latest Share Price and Events

Stable Share Price: RDGA has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

0%

RDGA

1.7%

US Electronic

1.5%

US Market


1 Year Return

n/a

RDGA

10.4%

US Electronic

20.1%

US Market

Return vs Industry: Insufficient data to determine how RDGA performed against the US Electronic industry.

Return vs Market: Insufficient data to determine how RDGA performed against the US Market.


Shareholder returns

RDGAIndustryMarket
7 Day0%1.7%1.5%
30 Day0%-4.7%1.4%
90 Day0%2.4%8.7%
1 Yearn/a11.5%10.4%22.7%20.1%
3 Yearn/a37.4%33.6%50.1%40.5%
5 Year266.7%266.7%70.5%62.1%73.1%54.1%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

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


In this section, we usually try to help investors determine whether Ridgefield Acquisition is trading at an attractive price based on the cash flow it is expected to produce in the future. But as Ridgefield Acquisition 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 RDGA’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 Ridgefield Acquisition regulatory filings here.
  • Explore potentially undervalued companies in the Tech industry.

Future Growth

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

21.4%

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 Ridgefield Acquisition 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 RDGA’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 Ridgefield Acquisition's filings and announcements here.
  • Explore growth companies in the Tech industry.

Past Performance

How has Ridgefield Acquisition performed over the past 5 years?

-12.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: RDGA is currently unprofitable.

Growing Profit Margin: RDGA is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: RDGA is unprofitable, and losses have increased over the past 5 years at a rate of -12.7% per year.

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

Earnings vs Industry: RDGA is unprofitable, making it difficult to compare its past year earnings growth to the Electronic industry (53.6%).


Return on Equity

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


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Ridgefield Acquisition's financial position?


Financial Position Analysis

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

Long Term Liabilities: RDGA 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: RDGA has negative shareholder equity, which is a more serious situation than a high debt level.

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


Balance Sheet

Inventory Level: RDGA has a low level of unsold assets or inventory.

Debt Coverage by Assets: RDGA has negative shareholder equity (liabilities exceed assets) therefore debt is not covered by short term assets.


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: RDGA has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: RDGA has less than a year of cash runway if free cash flow continues to reduce at historical rates of -17.2% each year


Next Steps

Dividend

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


Dividend Yield vs Market

companyn/amarketbottom25%1.4%markettop25%3.7%industryaverage1.6%forecastin3Yearsn/a

Current dividend yield vs market & industry

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

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

Growing Dividend: Insufficient data to determine if RDGA'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 RDGA'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?


CEO

Steven Bronson (54yo)

23.3yrs

Tenure

0

Mr. Steven Nathan Bronson has been the Chairman and Chief Executive Officer of Interlink Electronics, Inc. since July 13, 2010 and its President since March 2011. Mr. Bronson has been Acting Chief Financia ...


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: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

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


Key Information

  • Name: Ridgefield Acquisition Corporation
  • Ticker: RDGA
  • Exchange: OTCPK
  • Founded: 1983
  • Industry: Electronic Equipment and Instruments
  • Sector: Tech
  • Market Cap: US$3.467m
  • Shares outstanding: 1.26m
  • Website: https://www.ridgefieldacquisition.com

Number of Employees


Location

  • Ridgefield Acquisition Corporation
  • 31248 Oak Crest Drive
  • Suite 110
  • Westlake Village
  • California
  • 91361
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
RDGAOTCPK (Pink Sheets LLC)YesCommon StockUSUSDMar 1991

Biography

Ridgefield Acquisition Corporation does not have significant operations. The company intends to seek a merger, acquisition, or other business combination with an operating entity. Previously, it was involved in the development of prototype micro-robotic devices. Ridgefield Acquisition Corporation was founded in 1983 and is based in Westlake Village, California. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/01/11 23:33
End of Day Share Price2019/10/15 00:00
Earnings2019/09/30
Annual Earnings2018/12/31


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.