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Sono-Tek

OTCPK:SOTK
Snowflake Description

Flawless balance sheet with moderate growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
SOTK
OTCPK
$36M
Market Cap
  1. Home
  2. US
  3. Tech
Company description

Sono-Tek Corporation designs and manufactures ultrasonic coating systems for applying on parts and components for the microelectronics/electronics, alternative energy, medical, industrial, and research and development/other markets worldwide. The last earnings update was 63 days ago. More info.


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SOTK Share Price and Events
7 Day Returns
6.8%
OTCPK:SOTK
2.4%
US Electronic
2.4%
US Market
1 Year Returns
45.1%
OTCPK:SOTK
-0.7%
US Electronic
1.9%
US Market
SOTK Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Sono-Tek (SOTK) 6.8% -2.1% -18.1% 45.1% 128.2% 119.6%
US Electronic 2.4% 1.2% 19.1% -0.7% 59.1% 59.5%
US Market 2.4% 1.7% 11.9% 1.9% 38.2% 42.4%
1 Year Return vs Industry and Market
  • SOTK outperformed the Electronic industry which returned -0.7% over the past year.
  • SOTK outperformed the Market in United States of America which returned 1.9% over the past year.
Price Volatility
SOTK
Industry
5yr Volatility vs Market

Value

 Is Sono-Tek 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 Sono-Tek 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 Sono-Tek.

OTCPK:SOTK 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 9.1%
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 OTCPK:SOTK
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Electronic Unlevered Beta Simply Wall St/ S&P Global 1.07
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.071 (1 + (1- 21%) (2.55%))
1.062
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.06
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.062 * 5.96%)
9.06%

Discounted Cash Flow Calculation for OTCPK:SOTK using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Sono-Tek 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.

OTCPK:SOTK DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 9.06%)
2019 0.11 Est @ -30.63% 0.10
2020 0.09 Est @ -20.62% 0.07
2021 0.08 Est @ -13.62% 0.06
2022 0.07 Est @ -8.71% 0.05
2023 0.07 Est @ -5.28% 0.04
2024 0.06 Est @ -2.88% 0.04
2025 0.06 Est @ -1.19% 0.03
2026 0.06 Est @ -0.02% 0.03
2027 0.06 Est @ 0.81% 0.03
2028 0.06 Est @ 1.38% 0.03
Present value of next 10 years cash flows $0.49
OTCPK:SOTK DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $0.06 × (1 + 2.73%) ÷ (9.06% – 2.73%)
$1.05
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $1.05 ÷ (1 + 9.06%)10
$0.44
OTCPK:SOTK Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $0.49 + $0.44
$0.93
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $0.93 / 15.19
$0.06
OTCPK:SOTK Discount to Share Price
Calculation Result
Value per share (USD) From above. $0.06
Current discount Discount to share price of $2.35
= -1 x ($2.35 - $0.06) / $0.06
-3727%

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

  • The current share price of Sono-Tek is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
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 Sono-Tek's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Sono-Tek's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OTCPK:SOTK PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-11-30) in USD $0.01
OTCPK:SOTK Share Price ** OTCPK (2019-03-15) in USD $2.35
United States of America Electronic Industry PE Ratio Median Figure of 92 Publicly-Listed Electronic Companies 19.59x
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 Sono-Tek.

OTCPK:SOTK PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= OTCPK:SOTK Share Price ÷ EPS (both in USD)

= 2.35 ÷ 0.01

173.38x

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

  • Sono-Tek is overvalued based on earnings compared to the US Electronic industry average.
  • Sono-Tek is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does Sono-Tek's expected growth come at a high price?
Raw Data
OTCPK:SOTK PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 173.38x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
28.5%per year
United States of America Electronic Industry PEG Ratio Median Figure of 60 Publicly-Listed Electronic Companies 1.38x
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 Sono-Tek, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Sono-Tek's assets?
Raw Data
OTCPK:SOTK PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-11-30) in USD $0.56
OTCPK:SOTK Share Price * OTCPK (2019-03-15) in USD $2.35
United States of America Electronic Industry PB Ratio Median Figure of 151 Publicly-Listed Electronic Companies 2.11x
United States of America Market PB Ratio Median Figure of 5,152 Publicly-Listed Companies 1.87x
OTCPK:SOTK PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= OTCPK:SOTK Share Price ÷ Book Value per Share (both in USD)

= 2.35 ÷ 0.56

4.19x

* Primary Listing of Sono-Tek.

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

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

  • No analysts cover Sono-Tek, 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
28.5%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Sono-Tek expected to grow at an attractive rate?
  • Sono-Tek's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Sono-Tek's earnings growth is expected to exceed the United States of America market average.
  • Unable to compare Sono-Tek's revenue growth to the United States of America market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
OTCPK:SOTK Future Growth Rates Data Sources
Data Point Source Value (per year)
OTCPK:SOTK Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 28.5%
United States of America Electronic Industry Earnings Growth Rate Market Cap Weighted Average 17%
United States of America Electronic Industry Revenue Growth Rate Market Cap Weighted Average 5.6%
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
OTCPK:SOTK Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 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.
OTCPK:SOTK Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-11-30 12 0 0
2018-08-31 11 0 0
2018-05-31 11 1 0
2018-02-28 11 2 0
2017-11-30 11 1 0
2017-08-31 10 2 0
2017-05-31 10 1 0
2017-02-28 10 1 0
2016-11-30 10 1 0
2016-08-31 11 1 0
2016-05-31 11 1 0
2016-02-29 12 1 1

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Sono-Tek's earnings are expected to grow significantly at over 20% yearly.
  • Unable to determine if Sono-Tek 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
OTCPK:SOTK Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Sono-Tek Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:SOTK Past Financials Data
Date (Data in USD Millions) EPS *
2018-11-30 0.01
2018-08-31 0.03
2018-05-31 0.02
2018-02-28 0.02
2017-11-30 0.02
2017-08-31 0.01
2017-05-31 0.00
2017-02-28 0.01
2016-11-30 0.00
2016-08-31 0.01
2016-05-31 0.03
2016-02-29 0.04

*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 Sono-Tek will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Sono-Tek'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.
Sono-Tek 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 Sono-Tek 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 Sono-Tek's growth in the last year to its industry (Electronic).
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.
  • Sono-Tek's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • Sono-Tek's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Sono-Tek's 1-year earnings growth is negative, it can't be compared to the US Electronic industry average.
Earnings and Revenue History
Sono-Tek'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 Sono-Tek Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:SOTK Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-11-30 11.57 0.20 3.76 1.32
2018-08-31 11.37 0.38 3.77 1.32
2018-05-31 11.21 0.37 3.69 1.30
2018-02-28 11.01 0.37 3.63 1.28
2017-11-30 10.60 0.33 3.48 1.29
2017-08-31 10.24 0.20 3.38 1.28
2017-05-31 9.90 0.06 3.26 1.28
2017-02-28 9.63 0.10 3.27 1.28
2016-11-30 10.09 0.04 3.41 1.27
2016-08-31 10.53 0.22 3.45 1.27
2016-05-31 11.19 0.45 3.57 1.29
2016-02-29 11.83 0.55 3.58 1.27
2015-11-30 11.83 0.76 3.48 1.19
2015-08-31 11.65 0.72 3.46 1.14
2015-05-31 11.31 0.69 3.39 1.06
2015-02-28 10.85 0.61 3.35 1.02
2014-11-30 10.62 0.52 3.35 0.96
2014-08-31 10.42 0.49 3.22 0.92
2014-05-31 10.33 0.48 3.16 0.90
2014-02-28 10.28 0.48 3.13 0.89
2013-11-30 9.67 0.39 3.01 0.86
2013-08-31 9.22 0.24 3.09 0.86
2013-05-31 9.08 0.19 3.20 0.87
2013-02-28 9.54 0.13 3.45 0.89
2012-11-30 10.40 0.66 3.65 1.01
2012-08-31 11.14 0.83 3.84 1.08
2012-05-31 11.90 1.20 3.87 1.13

*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.
  • Sono-Tek has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Sono-Tek used its assets less efficiently than the US Electronic industry average last year based on Return on Assets.
  • Sono-Tek's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Sono-Tek'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 Electronic 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.
Sono-Tek 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 Sono-Tek'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 Sono-Tek's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Sono-Tek is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Sono-Tek's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Sono-Tek'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.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 9.8x 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 Sono-Tek Company Filings, last reported 3 months ago.

OTCPK:SOTK Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-11-30 8.52 0.91 5.72
2018-08-31 8.49 0.95 5.75
2018-05-31 8.42 0.99 5.86
2018-02-28 8.39 1.03 6.42
2017-11-30 8.33 1.06 6.15
2017-08-31 8.07 1.10 5.91
2017-05-31 7.98 1.14 5.21
2017-02-28 7.92 1.18 4.90
2016-11-30 7.79 1.21 4.84
2016-08-31 7.74 1.25 4.54
2016-05-31 7.79 1.28 4.44
2016-02-29 7.67 1.32 4.08
2015-11-30 7.72 1.35 4.13
2015-08-31 7.47 1.39 3.81
2015-05-31 7.31 1.43 4.37
2015-02-28 7.14 1.48 4.22
2014-11-30 6.91 1.53 4.09
2014-08-31 6.70 1.57 3.36
2014-05-31 6.58 1.62 3.35
2014-02-28 6.50 1.67 3.86
2013-11-30 6.36 2.02 3.93
2013-08-31 6.18 2.05 3.45
2013-05-31 6.07 2.08 3.42
2013-02-28 5.99 2.11 2.92
2012-11-30 5.98 2.14 2.71
2012-08-31 5.92 2.17 2.39
2012-05-31 5.84 2.20 2.51
  • Sono-Tek's level of debt (10.7%) 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 (31.7% vs 10.7% today).
  • Debt is well covered by operating cash flow (53.3%, greater than 20% of total debt).
  • Sono-Tek earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess Sono-Tek'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. Sono-Tek has a total score of 6/6, 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 Sono-Tek'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 Sono-Tek dividends.
If you bought $2,000 of Sono-Tek 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 Sono-Tek's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Sono-Tek'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
OTCPK:SOTK 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 Electronic Industry Average Dividend Yield Market Cap Weighted Average of 38 Stocks 1.5%
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.

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

  • Unable to perform a dividend volatility check as Sono-Tek has not reported any payouts.
  • Unable to verify if Sono-Tek's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Sono-Tek's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Sono-Tek 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 Sono-Tek'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 Sono-Tek afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Sono-Tek 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 Sono-Tek'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
Christopher Coccio
COMPENSATION $189,485
AGE 77
TENURE AS CEO 17.9 years
CEO Bio

Dr. Christopher L. Coccio has been the Chairman of Sono-Tek Corp. since August 2007 and Chief Executive Officer since April 30, 2001. Dr. Coccio served as the President of Sono-Tek Corp., since April 30, 2001. From 1964 to 1996, he held various engineering, sales, marketing and management positions at General Electric Company, with P&L responsibilities for up to $100 million in sales and 500 people throughout the United States. Dr. Coccio's business experience includes both domestic and international markets and customers. He founded a management consulting business in 1996 and worked with the New York State Assembly's Legislative Commission on Science and Technology from 1996 to 1998. From 1998 to 2001, he served as Vice President of Business Development at Accumetrics Associates, Inc. Dr. Coccio served as Vice Chairman of Sono-Tek Corp. until August 2007. He has been a Director of Sono-Tek Corp. since June 1998. He served as a Member of Board of Advisors of Accumetrics Associates, Inc. Dr. Coccio received a BS ME from Stevens Institute of Technology, a MSME from the University of Colorado and a PhD from Rensselaer Polytechnic Institute in Chemical Engineering.

CEO Compensation
  • Christopher's compensation has been consistent with company performance over the past year.
  • Christopher's remuneration is lower than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Sono-Tek management team in years:

6.6
Average Tenure
50
Average Age
  • The average tenure for the Sono-Tek management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Christopher Coccio

TITLE
CEO & Chairman
COMPENSATION
$189K
AGE
77
TENURE
17.9 yrs

R. Harshbarger

TITLE
President & Director
COMPENSATION
$280K
AGE
50
TENURE
6.6 yrs

Stephen Bagley

TITLE
Chief Financial Officer
COMPENSATION
$187K
AGE
55
TENURE
13.8 yrs

Maria Kuha

TITLE
Director of Operations

Bennett Bruntil

TITLE
Vice President of Sales & Marketing
AGE
37
TENURE
1 yrs

Claudine Corda

TITLE
Corporate Secretary

Robb Engle

TITLE
Vice President of Engineering
AGE
47
TENURE
6.2 yrs
Board of Directors Tenure

Average tenure and age of the Sono-Tek board of directors in years:

11.6
Average Tenure
77
Average Age
  • The average tenure for the Sono-Tek board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

R. Harshbarger

TITLE
President & Director
COMPENSATION
$280K
AGE
50
TENURE
5.6 yrs

Samuel Schwartz

TITLE
Chairman Emeritus
COMPENSATION
$2K
AGE
98
TENURE
11.6 yrs

Christopher Coccio

TITLE
CEO & Chairman
COMPENSATION
$189K
AGE
77
TENURE
11.6 yrs

Donald Mowbray

TITLE
Independent Director
COMPENSATION
$3K
AGE
80
TENURE
15.6 yrs

Philip Strasburg

TITLE
Independent Director
COMPENSATION
$3K
AGE
79
TENURE
14.6 yrs

Joseph Riemer

TITLE
Director
COMPENSATION
$2K
AGE
69
TENURE
11.6 yrs

Eric Haskell

TITLE
Independent Director
COMPENSATION
$3K
AGE
71
TENURE
9.6 yrs

Carol O’Donnell

TITLE
Director
TENURE
0.3 yrs
Who owns this company?
Recent Insider Trading
  • Sono-Tek insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
04. Feb 19 Sell Christopher Coccio Individual 31. Jan 19 31. Jan 19 -44,641 $2.53 $-112,942
30. Jan 19 Sell Christopher Coccio Individual 28. Jan 19 30. Jan 19 -22,772 $2.66 $-58,067
24. Jan 19 Sell Christopher Coccio Individual 22. Jan 19 22. Jan 19 -2,391 $2.74 $-6,460
22. Jan 19 Sell Christopher Coccio Individual 17. Jan 19 18. Jan 19 -5,196 $2.84 $-14,321
21. Nov 18 Sell Samuel Schwartz Individual 19. Nov 18 19. Nov 18 -9,000 $2.91 $-26,190
17. Nov 18 Sell Samuel Schwartz Individual 14. Nov 18 16. Nov 18 -12,500 $2.96 $-36,357
23. Oct 18 Sell Joseph Riemer Individual 19. Oct 18 19. Oct 18 -12,915 $2.50 $-32,114
19. Oct 18 Sell Joseph Riemer Individual 16. Oct 18 18. Oct 18 -19,592 $2.49 $-48,547
19. Oct 18 Sell Eric Haskell Individual 16. Oct 18 16. Oct 18 -3,780 $2.46 $-9,299
04. Sep 18 Sell Joseph Riemer Individual 30. Aug 18 30. Aug 18 -8,500 $2.51 $-21,280
04. Sep 18 Sell Samuel Schwartz Individual 30. Aug 18 30. Aug 18 -4,000 $2.40 $-9,600
04. Sep 18 Sell Christopher Coccio Individual 30. Aug 18 30. Aug 18 -8,584 $2.50 $-21,460
30. Aug 18 Sell Christopher Coccio Individual 29. Aug 18 29. Aug 18 -2,075 $2.50 $-5,188
30. Aug 18 Sell Joseph Riemer Individual 28. Aug 18 29. Aug 18 -11,002 $2.51 $-27,513
28. Aug 18 Sell Joseph Riemer Individual 27. Aug 18 27. Aug 18 -8,000 $2.60 $-20,370
28. Aug 18 Sell Stephen Bagley Individual 27. Aug 18 27. Aug 18 -2,400 $2.50 $-6,000
28. Aug 18 Sell Christopher Coccio Individual 27. Aug 18 27. Aug 18 -5,299 $2.55 $-13,512
27. Aug 18 Sell Joseph Riemer Individual 24. Aug 18 24. Aug 18 -37,500 $2.52 $-94,177
27. Aug 18 Sell Christopher Coccio Individual 24. Aug 18 24. Aug 18 -3,472 $2.55 $-8,854
24. Aug 18 Sell Christopher Coccio Individual 23. Aug 18 23. Aug 18 -1,325 $2.55 $-3,379
21. Aug 18 Sell Christopher Coccio Individual 20. Aug 18 21. Aug 18 -2,238 $2.58 $-5,760
20. Aug 18 Sell Christopher Coccio Individual 15. Aug 18 17. Aug 18 -4,700 $2.55 $-11,985
17. Aug 18 Sell Christopher Coccio Individual 16. Aug 18 16. Aug 18 -4,385 $2.55 $-11,182
15. Aug 18 Sell Christopher Coccio Individual 14. Aug 18 14. Aug 18 -7,200 $2.55 $-18,360
10. Aug 18 Sell Christopher Coccio Individual 09. Aug 18 09. Aug 18 -1,594 $2.61 $-4,154
09. Aug 18 Sell Christopher Coccio Individual 08. Aug 18 08. Aug 18 -6,425 $2.60 $-16,705
25. Jul 18 Sell Robb Engle Individual 24. Jul 18 24. Jul 18 -9,000 $2.20 $-19,800
X
Management checks
We assess Sono-Tek'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. Sono-Tek 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

Company Info

Description

Sono-Tek Corporation designs and manufactures ultrasonic coating systems for applying on parts and components for the microelectronics/electronics, alternative energy, medical, industrial, and research and development/other markets worldwide. The company also designs and manufactures custom-engineered ultrasonic coating systems; and provides patented nozzles and generators for manufacturers’ equipment. Its products include integrated multi-axis coating systems, integrated coating systems, fluxing systems, OEM systems, and other related systems. The company markets and distributes its products through independent distributors, sales representatives, sales representative companies. The company was founded in 1975 and is headquartered in Milton, New York.

Details
Name: Sono-Tek Corporation
SOTK
Exchange: OTCPK
Founded: 1975
$35,707,718
15,194,774
Website: http://www.sono-tek.com
Address: Sono-Tek Corporation
2012 Route 9W,
Milton,
New York, 12547,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
OTCPK SOTK Common Stock Pink Sheets LLC US USD 06. Mar 1987
Number of employees
Current staff
Staff numbers
64
Sono-Tek employees.
Industry
Electronic Equipment and Instruments
Tech
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/18 23:42
End of day share price update: 2019/03/15 00:00
Last earnings filing: 2019/01/14
Last earnings reported: 2018/11/30
Last annual earnings reported: 2018/02/28


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.