OTCPK:FULO

Stock Analysis Report

FullNet Communications

Executive Summary

FullNet Communications, Inc., through its subsidiaries, provides integrated communications services to individuals, businesses, organizations, educational institutions, and governmental agencies in the United States.


Snowflake Analysis

Solid track record and good value.

Share Price & News

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


Latest Share Price and Events

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


Market Performance


7 Day Return

0%

FULO

0.08%

US Telecom

-1.1%

US Market


1 Year Return

n/a

FULO

13.1%

US Telecom

17.8%

US Market

Return vs Industry: Insufficient data to determine how FULO performed against the US Telecom industry.

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


Shareholder returns

FULOIndustryMarket
7 Day0%0.08%-1.1%
30 Day-66.3%-1.4%1.5%
90 Day-54.1%0.7%6.6%
1 Yearn/a18.6%13.1%20.2%17.8%
3 Year-40.3%-40.3%17.4%0.3%47.5%38.1%
5 Year-74.8%-74.8%38.4%7.2%71.2%52.4%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

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

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: FULO ($0.01) is trading below our estimate of fair value ($1.53)

Significantly Below Fair Value: FULO is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: FULO is good value based on its PE Ratio (0.5x) compared to the Telecom industry average (16.3x).

PE vs Market: FULO is good value based on its PE Ratio (0.5x) compared to the US market (18.2x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate FULO's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: FULO has negative assets, so we can't compare its PB Ratio to the US Telecom industry average.


Next Steps

Future Growth

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

9.4%

Forecasted Telecom 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 FullNet Communications 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 whether FullNet Communications 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 FullNet Communications's filings and announcements here.
  • Explore growth companies in the Telecom industry.

Past Performance

How has FullNet Communications performed over the past 5 years?

68.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: FULO has high quality earnings.

Growing Profit Margin: FULO's current net profit margins (11.5%) are higher than last year (1.9%).


Past Earnings Growth Analysis

Earnings Trend: FULO has become profitable over the past 5 years, growing earnings by 68.6% per year.

Accelerating Growth: FULO's earnings growth over the past year (609.1%) exceeds its 5-year average (68.6% per year).

Earnings vs Industry: FULO earnings growth over the past year (609.1%) exceeded the Telecom industry -19.4%.


Return on Equity

High ROE: FULO'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 FullNet Communications's financial position?


Financial Position Analysis

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

Long Term Liabilities: FULO 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: FULO is debt free.

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


Balance Sheet

Inventory Level: FULO has a high level of physical assets or inventory.

Debt Coverage by Assets: Insufficient data to determine if FULO's debt is 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: FULO is profitable, therefore cash runway is not a concern.

Forecast Cash Runway: FULO is profitable, therefore cash runway is not a concern.


Next Steps

Dividend

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


Dividend Yield vs Market

companyn/amarketbottom25%1.4%markettop25%3.7%industryaverage4.9%forecastin3Yearsn/a

Current dividend yield vs market & industry

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

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

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

19.3yrs

Average board tenure


CEO

Roger Baresel (63yo)

3.7yrs

Tenure

US$138,926

Compensation

Mr. Roger P. Baresel has been the Chief Executive Officer of Fullnet Communications, Inc. since June 6, 2016, Chief Financial Officer since November 9, 2000 and also serves as its Secretary and Chief Accou ...


CEO Compensation Analysis

Compensation vs Market: Roger's total compensation ($USD138.93K) is below average for companies of similar size in the US market ($USD521.92K).

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


Board Members

NamePositionTenureCompensationOwnership
Roger Baresel
CEO, CFO3.7yrsUS$138.93k17.39% $25.5k
Jason Ayers
President & Director6.8yrsUS$141.65k15.1% $22.2k
Timothy Kilkenny
Chairman of the Board24.8yrsUS$130.44k21.93% $32.2k

19.3yrs

Average Tenure

60yo

Average Age

Experienced Board: FULO's board of directors are seasoned and experienced ( 19.3 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.


Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 18.3%.


Top Shareholders

Company Information

FullNet Communications, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: FullNet Communications, Inc.
  • Ticker: FULO
  • Exchange: OTCPK
  • Founded: 1995
  • Industry: Integrated Telecommunication Services
  • Sector: Telecom
  • Market Cap: US$146.850k
  • Shares outstanding: 14.54m
  • Website: https://www.fullnet.net

Number of Employees


Location

  • FullNet Communications, Inc.
  • 201 Robert South Kerr Avenue
  • Suite 210
  • Oklahoma City
  • Oklahoma
  • 73102
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
FULOOTCPK (Pink Sheets LLC)YesCommon StockUSUSDFeb 2000

Biography

FullNet Communications, Inc., through its subsidiaries, provides integrated communications services to individuals, businesses, organizations, educational institutions, and governmental agencies in the United States. It offers dial-up and direct high-speed connectivity to the Internet under the FullNet brand name; carrier-neutral telecommunications premise co-location services; Web page hosting services; equipment co-location services; customized live help desk outsourcing services; group text and voice message delivery services; voice and data solutions; and traditional telephone services, as well as voice and data solutions. The company was formerly known as CEN-COM of Oklahoma, Inc. and changed its name to FullNet Communications, Inc. in December 1995. FullNet Communications, Inc. was founded in 1995 and is based in Oklahoma City, Oklahoma. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/23 23:54
End of Day Share Price2020/02/14 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.