Bedrijfsoverzicht
Byrna Technologies Inc. is a specialized developer, manufacturer, and seller of less-lethal personal security solutions designed to provide self-defense capabilities without causing lethal force. The company operates within the Industrials sector, specifically focusing on the Aerospace & Defense industry, where it delivers handheld personal security devices and shoulder-fired launch systems to government and private entities across the United States, South Africa, Europe, South America, Asia, and Canada. With a market capitalization of $128.85M and a workforce of 159 employees, the company maintains a mid-cap profile that reflects a significant but not dominant market position. The annual revenue of $120.98M indicates a stable operational base that generates substantial top-line growth relative to its total market value, suggesting the company has successfully scaled its product distribution globally while maintaining a lean organizational structure.
Financiële gezondheid
The company reported a Total Revenue of $120.98M for the trailing twelve months, generating a Net Income of $8.83M and an EBITDA of $13.38M. The substantial gap between the revenue figure and the net income reveals a cost structure where operating expenses, including cost of goods sold and administrative costs, consume approximately 92.7% of total revenue before reaching the bottom line. However, the EBITDA metric of $13.38M demonstrates that the core operational cash generation remains robust despite the reported net income, highlighting the impact of non-operating items or taxes on the final profit figure. The Free Cash Flow stands at -$14,677,250, indicating that the company is currently investing heavily in capital expenditures or working capital requirements that exceed its operating cash generation, which temporarily constrains immediate financial flexibility for shareholder returns. Despite this negative cash flow, the company holds $9.21M in cash against $2.17M in debt, resulting in a conservative balance sheet with a Debt to Equity ratio of 3.26. The Current Ratio of 4.96 further underscores strong short-term liquidity, as the company possesses nearly five times the current assets necessary to cover its current liabilities. Additionally, the Return on Equity of 14.3% and Return on Assets of 9.2% demonstrate that management is utilizing shareholder capital and company assets effectively to generate returns, even amidst periods of lower net income.
Waarderingsbeoordeling
The trailing twelve-month P/E ratio is 15.78, while the forward P/E is significantly higher at 94.67, implying that the market is pricing in a substantial expected expansion of earnings or that current earnings are depressed by one-time factors. The Price to Book ratio of 1.94 suggests that the stock trades at a moderate premium over its book value, indicating that the market assigns value to the company's intangible assets and future growth potential beyond its tangible net worth. Alternative valuation metrics such as the Price to Sales ratio of 1.07 and an EV/EBITDA of 9.10 provide context that the company is valued roughly at its revenue multiple, which is common for growth-oriented firms in the defense sector where profitability can fluctuate. The 52-week price range spans from a low of $5.56 to a high of $34.30, meaning the stock is currently trading at a level that reflects recent volatility but remains below the recent peak of $34.30. The Beta of 2.45 indicates that the stock exhibits high volatility relative to the broader market, moving more than twice as much as the overall index in either direction, which presents both risk and potential for amplified returns during market swings.
Growth & Income
Revenue growth for the trailing twelve months stands at 10.9%, whereas earnings growth experienced a decline of -57.1%, indicating that earnings are currently growing significantly slower than revenue due to cost pressures or one-time expenses affecting the bottom line. As a non-dividend payer with a Dividend Yield of N/A and a Payout Ratio of 0.0%, the company does not distribute cash to shareholders but instead retains all earnings to fund operations, research and development, and capital expansion. This reinvestment strategy aligns with the company's free cash flow situation, where negative cash flow suggests funds are being directed back into the business rather than paid out as dividends. The overall growth and income profile characterizes Byrna Technologies as a high-volatility, non-dividend stock where returns are generated primarily through capital appreciation and operational scaling rather than income distributions.