FullNet Communications, Inc., through its subsidiaries, provides integrated communications to individuals, businesses, organizations, educational institutions, and governmental agencies in the United States.
The last earnings update was 64 days ago.
Discounted Cash Flow Calculation for OTCPK:FULO using 2 Stage Free Cash Flow to Equity Model
The calculations below outline how an intrinsic value for
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:FULO DCF 1st Stage: Next 10 year cash flow forecast
Amount off the current price
is available for.
Share price is
vs Future cash flow value of
Current Discount Checks
to be considered undervalued it must be available for at least 20% below the
current price. Less than 40% is even better.
FullNet Communications's share price is below the future cash flow value, and at a moderate discount (> 20%).
FullNet Communications's share price is below the future cash flow value, and at a substantial discount (> 40%).
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
is considered below, and whether this is a fair price.
Price based on past earnings
FullNet Communications's earnings available for a low price, and how does
this compare to other companies in the same industry?
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 Simply Wall St do have past financial data. You can see them here.
Show me the analysis anyway
The future performance of a company is measured in the same way as past
performance, by looking at estimated
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
Expected Telecom industry annual growth in earnings.
Earnings growth vs Low Risk Savings
expected to grow at an
Unable to compare FullNet Communications's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
Unable to compare FullNet Communications's earnings growth to the United States of America market average as no estimate data is available.
Unable to compare FullNet Communications's revenue growth to the United States of America market average as no estimate data is available.
Unable to determine if FullNet Communications is high growth as no earnings estimate data is available.
Unable to determine if FullNet Communications 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.
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.
FullNet Communications's performance over the past 5 years by checking for:
Has earnings increased in past 5 years? (1 check)
Has the earnings growth in the last year exceeded that of the
industry? (1 check)
Is the recent earnings growth over the last year higher than the average annual growth over the
past 5 years? (1 check)
Is the Return on Equity (ROE) higher than 20%? (1 check)
Is the Return on Assets (ROA) above industry average? (1 check)
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.
has a total score of
2/6, see the detailed checks below.
Note: We use GAAP Net Income excluding extraordinary items in all our calculations.
A company's financial position is much like your own financial position,
it includes everything you own
The boxes below represent the relative size of what makes up
FullNet Communications's finances.
The net worth of a company is the difference between its assets and liabilities.
FullNet Communications's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
FullNet Communications's long term commitments exceed its cash and other short term assets.
This treemap shows a more detailed breakdown of
FullNet Communications'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
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
High level of physical assets or inventory.
FullNet Communications has negative shareholder equity (liabilities exceed assets) therefore debt is not covered by short term assets.
Nearly all companies have debt. Debt in itself isn’t
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.
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.
TENURE AS CEO
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 Accounting Officer. Mr. Baresel served as President of FullNet Communications, Inc. from October 13, 2003 to June 6, 2016. Mr. Baresel served as Chief Accounting Officer and Secretary at Fullnet Communications Inc. He served as the Chief Executive Officer of Advanced Blast Protection, Inc. He has experience includes working with start-ups, shell companies, reverse acquisitions, private placements, public offerings, restructurings and bankruptcy reorganizations across a variety of industries. He is an accomplished senior executive and consultant, who served at a variety of companies. He served as President and Chief Financial Officer of Advantage Marketing Systems Inc. from June 1995 to May 2000. He has been a Director of Fullnet Communications Inc. since November 9, 2000. He served as a Director of Advanced Blast Protection, Inc. He has the Degrees from Central State University in Edmond, Oklahoma, namely BA in Psychology, BS in Accounting and an MBA in Finance, in which he graduated Summa Cum Laude. Mr. Baresel is a Certified Public Accountant.
Roger's compensation has increased in line with FullNet Communications recently becoming profitable.
Roger's remuneration is lower than average for companies of similar size in United States of America.
President & Director
Board of Directors Tenure
Average tenure and age of the
board of directors in years:
The average tenure for the FullNet Communications board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors
Chairman of the Board
President & Director
Who owns this company?
Recent Insider Trading
No 3 month individual insider trading information.
FullNet Communications, Inc., through its subsidiaries, provides integrated communications to individuals, businesses, organizations, educational institutions, and governmental agencies in the United States. The company offers dial-up and direct high-speed connectivity to the Internet under the FullNet brand; backbone services to private label Internet services providers and businesses; 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. 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.
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