A Business at a Glance
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FULLNET COMMUNICATIONS INC
FULO
$8M
Mkt Cap
$0.35
+0.00%
FULLNET COMMUNICATIONS INC (FULO) has a current P/E ratio of 14.8, compared to its historical median P/E of 5.5. The stock is currently considered Expensive based on its historical valuation range.
FULLNET COMMUNICATIONS INC (FULO) has a 5-year average return on invested capital (ROIC) of 23.7%. This indicates strong capital allocation and a potential competitive advantage.
FULLNET COMMUNICATIONS INC (FULO) has a market capitalization of $8M. It is classified as a small-cap stock.
Yes, FULLNET COMMUNICATIONS INC (FULO) pays a dividend with a trailing twelve-month yield of 3.16%.
Based on historical P/E analysis, FULLNET COMMUNICATIONS INC (FULO) appears expensive. The current P/E of 14.8 is 168% above its historical median of 5.5. The estimated fair value CAGR (P/E method) is 7.5%.
FULLNET COMMUNICATIONS INC (FULO) operates in the Telephone Communications (No Radiotelephone) industry, within the Communication Services sector.
FULLNET COMMUNICATIONS INC (FULO) reported annual revenue of $4 million in its most recent fiscal year, based on SEC EDGAR filings.
We are an integrated communications provider. Through our subsidiaries, we have historically provided high quality, reliable and scalable Internet access, web hosting, local telephone service, equipment colocation, customized live help desk outsourcing services, mass notification services using text messages and automated telephone calls, as well as advanced voice and data solutions. As explained below, the majority of our focus going forward is on our revenue and customers coming from three primary types of service: 1) Mass notification services using text messages and automated telephone calls, 2) Equipment colocation and related services, and 3) Customized live help desk outsourcing service. References to us in this Report include our subsidiaries: FullNet, Inc. (“FullNet”), FullTel, Inc. (“FullTel”), FullWeb, Inc. (“FullWeb”), and CallMultiplier, Inc. (“CallMultiplier”). Our principal executive offices are located at 201 Robert S.
| Metric | TTM | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|
| Revenue | 4.2M | 4.2M | 4.3M | 4.1M | 3.5M | 2.4M |
| Net Income | 464K | 464K | 608K | 838K | 1.0M | 236K |
| EPS | $0.02 | $0.02 | $0.03 | $0.05 | $0.07 | $0.01 |
| Free Cash Flow | 690K | 690K | 725K | 1.4M | 974K | 412K |
| ROIC | 11.8% | 11.8% | 19.0% | 26.7% | 45.7% | 15.1% |
| Gross Margin | 74.9% | 74.9% | 78.7% | 40.9% | 40.6% | - |
| Debt/Equity | 0.09 | 0.09 | 0.20 | 0.30 | 1.02 | -1.98 |
| Dividends/Share | $0.01 | $0.01 | $0.03 | $0.00 | $0.00 | - |
| Operating Income | 512K | 512K | 830K | 1.2M | 730K | 200K |
| Operating Margin | 12.2% | 12.2% | 19.4% | 28.4% | 20.8% | 8.3% |
| ROE | 28.6% | 30.7% | 44.1% | 90.3% | 201.6% | -44.5% |
| Shares Outstanding | 23M | 23M | 20M | 17M | 14M | 24M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 1.6M | 1.6M | 1.8M | 1.9M | 1.9M | 1.9M | 2.1M | 2.4M | 3.5M | 4.1M | 4.3M | 4.2M | 4.2M |
| Gross Margin | 69.1% | 74.3% | 74.0% | 80.0% | 82.2% | 91.6% | N/A | N/A | 40.6% | 40.9% | 78.7% | 74.9% | 74.9% |
| R&D | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | 1.2M | 1.3M | 1.4M | 1.5M | 1.6M | 1.6M | 1.8M | 1.9M | 678K | 488K | 629K | 714K | 714K |
| EBIT | -200K | -158K | -152K | -38K | 61K | 79K | -15K | 200K | 730K | 1.2M | 830K | 512K | 512K |
| Op. Margin | -12.6% | -9.7% | -8.7% | -2.0% | 3.1% | 4.2% | -0.7% | 8.3% | 20.8% | 28.4% | 19.4% | 12.2% | 12.2% |
| Net Income | -223K | 156K | -228K | -108K | -53K | -54K | 188K | 236K | 1.0M | 838K | 608K | 464K | 464K |
| Net Margin | -14.0% | 9.6% | -13.0% | -5.7% | -2.7% | -2.8% | 9.1% | 9.7% | 28.9% | 20.3% | 14.2% | 11.1% | 11.1% |
| Non-Recurring | 0 | 0 | 11K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Returns on Capital | |||||||||||||
| ROIC | -150.0% | -111.6% | -77.8% | -23.6% | 35.0% | 46.2% | -3.4% | 15.1% | 45.7% | 26.7% | 19.0% | 11.8% | 11.8% |
| ROE | 12.1% | -10.5% | 21.2% | 9.2% | 4.6% | 4.7% | -20.0% | -44.5% | 201.6% | 90.3% | 44.1% | 30.7% | 28.6% |
| ROA | -151.5% | 143.5% | -171.5% | -76.3% | -39.8% | -39.3% | 78.0% | 28.1% | 54.3% | 29.8% | 19.0% | 14.1% | 13.6% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 38K | 55K | 78K | 51K | 150K | 142K | 187K | 426K | 988K | 1.4M | 774K | 690K | 690K |
| Free Cash Flow | 23K | 43K | 16K | 32K | 144K | 140K | 179K | 412K | 974K | 1.4M | 725K | 690K | 690K |
| Owner Earnings | -6K | -25K | 15K | 2K | 79K | 111K | 95K | 387K | 955K | 1.4M | 747K | 665K | 665K |
| CapEx | 14K | 12K | 62K | 18K | 7K | 1K | 7K | 15K | 14K | 6K | 50K | 0 | 0 |
| Maint. CapEx | 40K | 29K | 40K | 33K | 18K | 18K | 17K | 16K | 9K | 10K | 16K | 17K | 17K |
| Growth CapEx | 0 | 0 | 22K | 0 | 0 | 0 | 0 | 0 | 5K | 0 | 34K | N/A | 0 |
| D&A | 40K | 29K | 40K | 33K | 18K | 18K | 17K | 16K | 9K | 10K | 16K | 17K | 17K |
| CapEx/OCF | 37.8% | 21.7% | 79.7% | 36.2% | 4.4% | 1.0% | N/A | N/A | 1.4% | 0.4% | 6.4% | N/A | 0.0% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 653K | 257K | 257K |
| Dividend Yield | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 10.4% | 5.5% | 3.2% |
| Share Buybacks | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Buyback Yield | N/A | N/A | N/A | N/A | N/A | N/A | 0.0% | 0.0% | N/A | N/A | N/A | N/A | 0.0% |
| Stock-Based Comp | 3K | 51K | 23K | 15K | 53K | 13K | 75K | 24K | 25K | 9K | 11K | 8K | 8K |
| Debt Repayment | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Balance Sheet | |||||||||||||
| Net Debt | 421K | 290K | 338K | 246K | 211K | 125K | -234K | 34K | -893K | -2.3M | -2.5M | -3.0M | -3.0M |
| Cash & Equiv. | 11K | 30K | 15K | 16K | 19K | 29K | 246K | 612K | 1.4M | 2.7M | 2.8M | 3.1M | 3.1M |
| Long-Term Debt | 128K | 275K | 305K | 215K | 183K | 149K | 5K | 28K | 0 | N/A | N/A | N/A | 145K |
| Debt/Equity | -0.22 | -0.32 | -0.31 | -0.22 | -0.20 | -0.13 | -0.02 | -1.98 | 1.02 | 0.30 | 0.20 | 0.09 | 0.09 |
| Interest Coverage | -8.9 | -8.1 | -9.7 | -2.4 | 4.0 | 36.5 | -8.0 | 723.8 | N/A | N/A | N/A | N/A | N/A |
| Equity | -2.0M | -1.0M | -1.1M | -1.2M | -1.1M | -1.1M | -733K | -326K | 502K | 1.4M | 1.4M | 1.6M | 1.6M |
| Total Assets | 106K | 112K | 154K | 128K | 138K | 135K | 346K | 1.3M | 2.4M | 3.2M | 3.2M | 3.4M | 3.4M |
| Total Liabilities | 2.1M | 1.1M | 1.3M | 1.3M | 1.3M | 1.3M | 1.1M | 1.7M | 1.9M | 1.9M | 1.8M | 1.8M | 1.8M |
| Intangibles | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Retained Earnings | -10M | -10M | -10M | -10M | -10M | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Working Capital | -2.0M | -829K | -1.1M | -1.1M | -989K | -1.0M | -725K | -506K | -39K | 1.1M | 1.2M | 1.4M | 1.4M |
| Current Assets | 33K | 56K | 36K | 25K | 28K | 44K | 281K | 633K | 1.5M | 2.7M | 2.8M | 3.2M | 3.2M |
| Current Liabilities | 2.1M | 885K | 1.1M | 1.1M | 1.0M | 1.1M | 1.0M | 1.1M | 1.5M | 1.6M | 1.6M | 1.8M | 1.8M |
| Per Share Data | |||||||||||||
| EPS | -0.02 | 0.01 | -0.03 | -0.01 | -0.00 | -0.00 | 0.01 | 0.01 | 0.07 | 0.05 | 0.03 | 0.02 | 0.02 |
| Owner EPS | -0.00 | -0.00 | 0.00 | 0.00 | 0.01 | 0.01 | 0.01 | 0.02 | 0.07 | 0.08 | 0.04 | 0.03 | 0.03 |
| Book Value | -0.18 | -0.06 | -0.15 | -0.11 | -0.10 | -0.10 | -0.04 | -0.01 | 0.03 | 0.08 | 0.07 | 0.07 | 0.07 |
| Cash Flow/Share | 0.00 | 0.00 | 0.01 | 0.00 | 0.01 | 0.01 | 0.01 | 0.02 | 0.07 | 0.08 | 0.04 | 0.03 | 0.02 |
| Dividends/Share | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.00 | 0.00 | 0.03 | 0.01 | 0.01 |
| Shares Out. | 11.2M | 15.6M | 7.6M | 10.8M | 11.9M | 11.9M | 18.8M | 23.6M | 14.5M | 16.8M | 20.3M | 23.2M | 23.2M |
| Valuation | |||||||||||||
| P/E Ratio | N/A | 3.1 | N/A | N/A | N/A | N/A | N/A | N/A | 1.1 | 8.1 | 8.1 | 3.0 | 17.5 |
| P/FCF | 8.9 | 11.2 | 14.9 | 4.7 | 1.3 | 2.1 | N/A | N/A | 0.9 | 4.2 | 7.1 | 2.4 | 11.8 |
| EV/EBIT | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 10.0 |
| Price/Book | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 2.1 | 5.0 | 3.5 | 0.8 | 5.0 |
| Price/Sales | 0.4 | 3.3 | N/A | 3.8 | 0.0 | 0.2 | N/A | N/A | 0.2 | 1.4 | 1.4 | 0.9 | 1.9 |
| FCF Yield | 11.2% | 8.9% | 6.7% | 21.1% | 174.7% | 47.6% | N/A | N/A | 91.5% | 20.8% | 14.6% | 50.2% | 8.5% |
| Market Cap | 208K | 485K | 236K | 154K | 82K | 295K | 0 | 0 | 1.1M | 6.8M | 5.0M | 1.4M | 8.1M |
| Avg. Price | 0.01 | 0.02 | 0.02 | 0.03 | 0.02 | 0.02 | 0.00 | 0.00 | 0.03 | 0.29 | 0.31 | 0.20 | 0.35 |
| Year-End Price | 0.02 | 0.03 | 0.03 | 0.01 | 0.02 | 0.02 | 0.00 | 0.00 | 0.06 | 0.35 | 0.25 | 0.07 | 0.35 |
FULLNET COMMUNICATIONS INC passes 6 of 9 quality checks, suggesting mixed fundamentals.
FULLNET COMMUNICATIONS INC trades at 14.8x trailing earnings, compared to its 15-year median P/E of 5.5x, suggesting it is currently Expensive relative to its historical range. On a free-cash-flow basis, the stock trades at 9.9x vs a median of 3.3x. The company's 5-year average ROIC is 23.7% with a gross margin of 58.8%. Total shareholder yield (dividends) is 3.2%. At current prices, the estimated annualized return to fair value is -3.4%.
FULLNET COMMUNICATIONS INC (FULO) has a net profit margin of 11.1%. This is a healthy margin.
FULLNET COMMUNICATIONS INC (FULO) generated $690 thousand in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
FULLNET COMMUNICATIONS INC (FULO) has a debt-to-equity ratio of 0.09. This indicates a conservatively financed balance sheet.
FULLNET COMMUNICATIONS INC (FULO) reported earnings per share (EPS) of $0.02 in its most recent fiscal year.
FULLNET COMMUNICATIONS INC (FULO) has a return on equity (ROE) of 30.7%. This indicates the company generates strong returns for shareholders.
FULLNET COMMUNICATIONS INC (FULO) has a 5-year average gross margin of 58.8%. This high margin suggests strong pricing power and a potential competitive moat.
The Ledger Terminal provides 14 years of financial data for FULLNET COMMUNICATIONS INC (FULO), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
FULLNET COMMUNICATIONS INC (FULO) has a book value per share of $0.07, based on its most recent annual SEC filing.
No recent press releases.