Emerson Radio Corp (NYSE: MSN)

Sector: Technology Industry: Consumer Electronics CIK: 0000032621
P/B 0.45
P/E -1.71
P/S 0.99
Market Cap 8.66 Mn
ROIC (Qtr) -28.55
Div Yield % 0.00
Rev 1y % (Qtr) -55.62
Total Debt (Qtr) 401,000.00
Debt/Equity (Qtr) 0.02

About

Stock Price Chart

Analysis

Pros

  • Healthy cash reserves of 956000 provide 6.21x coverage of short-term debt 154000, demonstrating strong liquidity position and minimal refinancing risk.
  • Strong tangible asset base of 20.72M provides 51.68x coverage of total debt 401000, indicating robust asset backing and low credit risk.
  • Tangible assets of 20.72M provide exceptional 647.59x coverage of deferred revenue 32000, showing strong service capability backing.
  • Operating cash flow of (3.23M) fully covers other non-current liabilities (32000) by 100.94x, showing strong long-term stability.
  • Short-term investments of 12.54M provide solid 392.03x coverage of other current liabilities 32000, indicating strong liquidity.

Cons

  • Operating cash flow of (3.23M) barely covers its investment activities of 3.72M, with a coverage ratio of -0.87, indicating heavy reliance on external financing for growth which may not be sustainable in a tighter credit environment.
  • With cash reserves of 956000 against inventory of 4.98M, the 0.19 cash-to-inventory ratio suggests potential liquidity risks if inventory turnover slows, particularly concerning given current supply chain volatilities.
  • Operating cash flow of (3.23M) provides insufficient coverage of deferred revenue obligations of 32000, which is -100.94x, raising concerns about future service delivery capabilities.
  • Short-term investments of 12.54M significantly exceed cash reserves of 956000, which is 13.12x, indicating potentially excessive yield-seeking behavior at the expense of liquidity.
  • Free cash flow of (3.24M) provides weak coverage of capital expenditures of 8000, with a -404.75 ratio suggesting additional external financing needs for growth initiatives.

Peer Comparison

Companies in the Consumer Electronics
S.No. Ticker Company Market Cap P/E P/S Total Debt (Qtr)
1 AAPL Apple Inc. 4,169.05 Bn 37.22 10.02 98.66 Bn
2 SONY Sony Group Corp 162.78 Bn 20.79 1.91 13.01 Bn
3 SONO Sonos Inc 2.28 Bn -37.29 1.58 0.05 Bn
4 LPL LG Display Co., Ltd. 2.27 Bn -17.49 0.12 9.69 Bn
5 ZEPP Zepp Health Corp 0.47 Bn -7.16 2.03 0.21 Bn
6 TBCH Turtle Beach Corp 0.29 Bn 15.92 0.84 0.09 Bn
7 GPRO GoPro, Inc. 0.28 Bn -2.32 0.43 0.20 Bn
8 VUZI Vuzix Corp 0.24 Bn -6.54 46.00 0.00 Bn

Industry Comparisons

Current Valuation

Metric Value Industry Percentile
EV to Assets 0.36 1.62
EV to Cash from Ops. -2.30 6.45
EV to Debt 18.54 200.47
EV to EBIT -1.47 -28.79
EV to EBITDA -1.34 6.30
EV to Free Cash Flow [EV/FCF] -2.30 44.66
EV to Market Cap 0.86 1.96
EV to Revenue 0.85 3.73
Price to Book Value [P/B] 0.45 4.94
Price to Earnings [P/E] -1.71 -24.97

Dividend Metrics

Metric Value Industry Percentile
Dividend Coverage Ratio 0.00 -85.09
Dividend Payout Ratio % 0.00 1.06
Dividend per Basic Share 0.00 0.06
FCF Dividend Payout Ratio % 0.00 0.86
Interest Coverage 0.00 -24.02

Growth Metrics

Metric Value Industry Percentile
Capex Growth (1y) % 96.38 -25,923.54
Cash and Equivalents Growth (1y) % 106.03 21.58
Dividend Growth (1y) % 0.00 -3.99
EBIAT Growth (1y) % -61.14 -636.78
EBITDA Growth (1y) % -39.57 -136.04
EBIT Growth (1y) % -61.39 392.34
EBT Growth (1y) % -61.39 -2.62
EPS Growth (1y) % -60.00 -36.64
FCF Growth (1y) % 21.60 -2,257.13
Gross Profit Growth (1y) % -65.58 63.03

Liquidity Ratios

Metric Value Industry Percentile
Asset Utilization Ratio 0.42 0.77
Cash Payout Ratio 0.00 0.01
Cash Ratio 0.82 0.79
Current Ratio 17.25 3.15
Debt to Equity Ratio 0.02 3.74
Interest Cover Ratio 0.00 -24.02
Times Interest Earned 0.00 -24.02

Profitability

Metric Value Industry Percentile
EBITDA Margin % -55.50 -156.03
EBIT Margin % -58.03 395.52
EBT Margin % -58.03 -168.00
Gross Margin % 5.10 19.60
Net Profit Margin % -58.00 -169.24