A Business at a Glance
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Item 1. Business All references in this report to “Syntec Optics,” “Syntec”, the “Company,” “we,” “us,” or “our” mean Syntec Optics Holdings, Inc. and its subsidiaries unless stated otherwise or the context otherwise indicates. Syntec Optics believes that photon enabled technologies are more than just a trend. Syntec Optics goal is to deliver impactful solutions for optics and photonics enabled solutions globally. We believe that the innovative design for manufacturing of our optics and photonics enabling products is ideally suited for the demands of modern original equipment manufacturers (“OEMs”) who rely on opto-electronics, light enabled devices, and intelligence that require high-precision and reliability. Ultimately, our vertically integrated advanced manufacturing platform of various different but complimentary technologies offers our clients across several end markets competitively priced and disruptive light-enabled technologies and sub-systems.
| Metric | TTM | FY2023 |
|---|---|---|
| Revenue | 28M | 29M |
| Net Income | -3.0M | 2.0M |
| EPS | $-0.08 | $0.06 |
| Free Cash Flow | 45K | 871K |
| ROIC | -14.1% | 19.8% |
| Gross Margin | 20.6% | 26.9% |
| Debt/Equity | 0.30 | 0.03 |
| Dividends/Share | $0.00 | - |
| Operating Income | -2.3M | 1.5M |
| Operating Margin | -8.1% | 5.2% |
| ROE | -30.5% | 17.6% |
| Shares Outstanding | 37M | 33M |
| Metric | ||
|---|---|---|
| Income Statement | ||
| Revenue | 29M | 28M |
| Gross Margin | 26.9% | 20.6% |
| R&D | N/A | N/A |
| SG&A | N/A | N/A |
| EBIT | 1.5M | -2.3M |
| Op. Margin | 5.2% | -8.1% |
| Net Income | 2.0M | -3.0M |
| Net Margin | 6.7% | -10.7% |
| Non-Recurring | 0 | 0 |
| Returns on Capital | ||
| ROIC | 19.8% | -14.1% |
| ROE | 17.6% | -30.5% |
| ROA | 8.1% | -12.2% |
| Cash Flow | ||
| Op. Cash Flow | 2.8M | 1.3M |
| Free Cash Flow | 871K | 45K |
| Owner Earnings | 23K | -1.5M |
| CapEx | 1.9M | 1.3M |
| Maint. CapEx | 2.8M | 2.8M |
| Growth CapEx | 0 | 0 |
| D&A | 2.8M | 2.8M |
| CapEx/OCF | 68.8% | 96.6% |
| Capital Allocation | ||
| Dividends Paid | 0 | 0 |
| Dividend Yield | N/A | N/A |
| Share Buybacks | 0 | 0 |
| Buyback Yield | N/A | 0.0% |
| Stock-Based Comp | N/A | N/A |
| Debt Repayment | 2.9M | 2.9M |
| Balance Sheet | ||
| Net Debt | 363K | 2.9M |
| Cash & Equiv. | N/A | N/A |
| Long-Term Debt | 363K | 363K |
| Debt/Equity | 0.03 | 0.30 |
| Interest Coverage | 2.4 | 2.4 |
| Equity | 13M | 9.8M |
| Total Assets | 27M | 25M |
| Total Liabilities | 13M | 15M |
| Intangibles | 590K | 590K |
| Retained Earnings | 11M | 11M |
| Working Capital | 3.8M | 3.8M |
| Current Assets | 15M | 15M |
| Current Liabilities | 11M | 11M |
| Per Share Data | ||
| EPS | 0.06 | -0.08 |
| Owner EPS | 0.00 | -0.04 |
| Book Value | 0.40 | 0.27 |
| Cash Flow/Share | 0.08 | -0.01 |
| Dividends/Share | N/A | 0.00 |
| Shares Out. | 32.9M | 36.9M |
| Valuation | ||
| P/E Ratio | 82.7 | -141.0 |
| P/FCF | 187.6 | N/A |
| EV/EBIT | 106.3 | N/A |
| Price/Book | 12.5 | 42.5 |
| Price/Sales | 10.8 | 14.9 |
| FCF Yield | 0.5% | 0.0% |
| Market Cap | 163M | 416M |
| Avg. Price | 9.68 | 11.28 |
| Year-End Price | 4.96 | 11.28 |
SYNTEC OPTICS HOLDINGS, INC. passes 2 of 9 quality checks, indicating weak fundamentals.
The company's 5-year average ROIC is 19.8% with a gross margin of 26.9%. At current prices, the estimated annualized return to fair value is -5.8%.
SYNTEC OPTICS HOLDINGS, INC. (OPTX) has a 5-year average return on invested capital (ROIC) of 19.8%. This indicates strong capital allocation and a potential competitive advantage.
SYNTEC OPTICS HOLDINGS, INC. (OPTX) has a market capitalization of $416M. It is classified as a small-cap stock.
SYNTEC OPTICS HOLDINGS, INC. (OPTX) does not currently pay a regular dividend.
SYNTEC OPTICS HOLDINGS, INC. (OPTX) operates in the Optical Instruments & Lenses industry, within the Technology sector.
SYNTEC OPTICS HOLDINGS, INC. (OPTX) reported annual revenue of $29 million in its most recent fiscal year, based on SEC EDGAR filings.
SYNTEC OPTICS HOLDINGS, INC. (OPTX) has a net profit margin of 6.7%. This is a modest margin.
SYNTEC OPTICS HOLDINGS, INC. (OPTX) generated $871 thousand in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
SYNTEC OPTICS HOLDINGS, INC. (OPTX) has a debt-to-equity ratio of 0.03. This indicates a conservatively financed balance sheet.
SYNTEC OPTICS HOLDINGS, INC. (OPTX) reported earnings per share (EPS) of $0.06 in its most recent fiscal year.
SYNTEC OPTICS HOLDINGS, INC. (OPTX) has a return on equity (ROE) of 17.6%. This indicates the company generates strong returns for shareholders.
SYNTEC OPTICS HOLDINGS, INC. (OPTX) has a 5-year average gross margin of 26.9%. This lower margin is typical of capital-intensive or commodity businesses.
The Ledger Terminal provides 1 years of financial data for SYNTEC OPTICS HOLDINGS, INC. (OPTX), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
SYNTEC OPTICS HOLDINGS, INC. (OPTX) has a book value per share of $0.40, based on its most recent annual SEC filing.