A Business at a Glance
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Optex Systems Holdings Inc
OPXS
$77M
Mkt Cap
$11.10
-4.72%
Optex Systems Holdings Inc (OPXS) has a current P/E ratio of 15.0, compared to its historical median P/E of 14.6. The stock is currently considered Fair based on its historical valuation range.
Optex Systems Holdings Inc (OPXS) has a 5-year average return on invested capital (ROIC) of 19.1%. This indicates strong capital allocation and a potential competitive advantage.
Optex Systems Holdings Inc (OPXS) has a market capitalization of $77M. It is classified as a small-cap stock.
Optex Systems Holdings Inc (OPXS) does not currently pay a regular dividend.
Based on historical P/E analysis, Optex Systems Holdings Inc (OPXS) appears fair. The current P/E of 15.0 is 3% above its historical median of 14.6. The estimated fair value CAGR (P/E method) is 20.4%.
Optex Systems Holdings Inc (OPXS) operates in the Optical Instruments & Lenses industry, within the Technology sector.
Optex Systems Holdings Inc (OPXS) reported annual revenue of $41 million in its most recent fiscal year, based on SEC EDGAR filings.
Item 1. Business Current Lines of Business We manufacture optical sighting systems and assemblies for the U.S. Department of Defense (“DoD”), foreign military applications, commercial markets, and consumer markets. Our products are installed on a variety of U.S. military land vehicles, such as the Abrams and Bradley fighting vehicles, light armored and advanced security vehicles and the Stryker family of vehicles. We also manufacture and deliver numerous periscope configurations, rifle and surveillance sights and night vision optical assemblies. Our products consist primarily of build-to-customer print products that are delivered both directly to the armed services and to other defense prime contractors. Less than 1% of our revenue is related to the resale of products substantially manufactured by others. In this case, the product would likely be a simple replacement part of a larger system previously produced by us.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 42M | 41M | 34M | 26M | 22M | 18M |
| Net Income | 4.5M | 5.1M | 3.8M | 2.3M | 1.3M | 1.5M |
| EPS | $0.66 | $0.74 | $0.55 | $0.34 | $0.16 | $0.18 |
| Free Cash Flow | 3.4M | 6.4M | 1.1M | -672K | 1.8M | 207K |
| ROIC | 27.1% | 32.4% | 24.2% | 18.4% | 11.0% | 9.8% |
| Gross Margin | 28.4% | 29.2% | 28.0% | 25.8% | 21.9% | 13.8% |
| Debt/Equity | 0.00 | 0.24 | 0.36 | 0.50 | 0.49 | 0.33 |
| Dividends/Share | $0.00 | - | - | - | - | - |
| Operating Income | 6.4M | 7.1M | 4.8M | 2.8M | 1.6M | -494K |
| Operating Margin | 15.1% | 17.3% | 14.2% | 10.9% | 7.4% | -2.7% |
| ROE | 18.4% | 23.9% | 22.4% | 16.6% | 9.1% | 9.9% |
| Shares Outstanding | 7M | 7M | 7M | 7M | 8M | 8M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 10M | 13M | 17M | 19M | 21M | 25M | 26M | 18M | 22M | 26M | 34M | 41M | 42M |
| Gross Margin | 13.7% | 10.7% | 17.7% | 18.4% | 21.7% | 25.5% | 23.5% | 13.8% | 21.9% | 25.8% | 28.0% | 29.2% | 28.4% |
| 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 | 2.4M | 2.8M | 4.0M | 3.2M | 3.0M | 3.1M | 3.2M | 3.0M | 3.3M | 3.8M | 4.7M | 4.9M | 5.7M |
| EBIT | -977K | -1.4M | -911K | 204K | 1.5M | 3.2M | 2.9M | -494K | 1.6M | 2.8M | 4.8M | 7.1M | 6.4M |
| Op. Margin | -9.6% | -11.1% | -5.3% | 1.1% | 7.1% | 13.0% | 11.1% | -2.7% | 7.4% | 10.9% | 14.2% | 17.3% | 15.1% |
| Net Income | -2.1M | N/A | -1.4M | -510K | 930K | 3.8M | 1.2M | 1.5M | 1.3M | 2.3M | 3.8M | 5.1M | 4.5M |
| Net Margin | -20.2% | N/A | -8.2% | -2.7% | 4.5% | 15.5% | 4.7% | 8.1% | 5.7% | 8.8% | 11.1% | 12.5% | 10.7% |
| Non-Recurring | 0 | 2.1M | -5K | 38K | 0 | 7K | 0 | 0 | 0 | 0 | 0 | 804K | 804K |
| Returns on Capital | |||||||||||||
| ROIC | -13.1% | N/A | -9.9% | 2.7% | 19.9% | 37.6% | 21.5% | 9.8% | 11.0% | 18.4% | 24.2% | 32.4% | 27.1% |
| ROE | -30.0% | N/A | -18.3% | -7.7% | 15.1% | 41.0% | 9.4% | 9.9% | 9.1% | 16.6% | 22.4% | 23.9% | 18.4% |
| ROA | -18.8% | N/A | -11.6% | -3.8% | 7.0% | 25.1% | 6.5% | 7.1% | 6.5% | 11.1% | 15.8% | 18.5% | 15.0% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 1.7M | -1.2M | -539K | 16K | 1.0M | 160K | 3.9M | 481K | 2.0M | -296K | 1.8M | 6.9M | 4.0M |
| Free Cash Flow | 1.6M | -3.3M | -573K | -133K | 872K | 17K | 3.8M | 207K | 1.8M | -672K | 1.1M | 6.4M | 3.4M |
| Owner Earnings | 1.5M | -1.7M | -1.1M | -541K | 559K | -293K | 3.5M | -10K | 1.6M | -888K | 869K | 6.0M | 3.1M |
| CapEx | 40K | 2.1M | 34K | 149K | 167K | 143K | 152K | 274K | 257K | 376K | 681K | 494K | 631K |
| Maint. CapEx | 80K | 334K | 345K | 337K | 327K | 340K | 248K | 263K | 307K | 345K | 487K | 515K | 476K |
| Growth CapEx | 0 | 1.8M | 0 | 0 | 0 | 0 | 0 | 11K | 0 | 31K | 194K | 0 | 155K |
| D&A | 80K | 334K | 345K | 337K | 327K | 340K | 248K | 263K | 307K | 345K | 487K | 515K | 476K |
| CapEx/OCF | N/A | N/A | N/A | N/A | 16.1% | N/A | N/A | N/A | N/A | N/A | 38.2% | N/A | 15.6% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 0 | 0 | 0 | 261K | 784K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividend Yield | N/A | N/A | N/A | N/A | 8.4% | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | 0 | 0 | 0 | 0 | 700K | 0 | 200K | 869K | 4.7M | 0 | 0 | 0 | 0 |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | N/A | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | N/A | 0.0% | 0.0% |
| Stock-Based Comp | 105K | 140K | 192K | 220K | 153K | 113K | 197K | 228K | 162K | 247K | 425K | 383K | 503K |
| Debt Repayment | 0 | 74K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Balance Sheet | |||||||||||||
| Net Debt | N/A | N/A | N/A | N/A | N/A | N/A | -4.3M | N/A | N/A | N/A | N/A | N/A | -5.8M |
| Cash & Equiv. | 1.7M | 683K | 2.6M | 1.7M | 1.1M | 1.1M | 4.7M | 3.9M | 934K | 1.2M | 1.0M | 6.4M | 5.8M |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | 377K | N/A | N/A | N/A | N/A | N/A | N/A |
| Debt/Equity | 0.48 | 0.42 | 0.76 | 1.36 | 1.00 | 0.44 | 0.03 | 0.33 | 0.49 | 0.50 | 0.36 | 0.24 | 0.00 |
| Interest Coverage | -122.1 | -8.0 | -25.3 | 10.7 | 74.3 | 139.0 | 151.7 | -44.9 | N/A | 50.7 | 102.6 | 310.1 | 530.4 |
| Equity | 5.9M | 8.2M | 7.2M | 5.9M | 6.3M | 12M | 14M | 16M | 12M | 15M | 19M | 24M | 25M |
| Total Assets | 8.7M | 12M | 13M | 14M | 13M | 18M | 20M | 21M | 19M | 22M | 26M | 30M | 30M |
| Total Liabilities | 2.8M | 3.4M | 5.5M | 8.1M | 6.3M | 5.3M | 6.4M | 5.1M | 6.1M | 7.4M | 6.7M | 5.8M | 5.5M |
| Intangibles | N/A | 0 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 951K | 0 | 0 |
| Retained Earnings | -12M | -18M | -20M | -20M | -20M | -14M | -12M | -10.0M | -8.7M | -6.4M | -2.7M | 2.5M | 2.7M |
| Working Capital | 6.5M | 6.1M | 8.6M | 8.0M | 8.5M | 12M | 12M | 13M | 10M | 13M | 15M | 21M | 21M |
| Current Assets | 8.4M | 9.4M | 11M | 12M | 11M | 15M | 17M | 15M | 13M | 18M | 20M | 26M | 26M |
| Current Liabilities | 1.9M | 3.3M | 2.4M | 4.5M | 2.8M | 3.3M | 5.0M | 2.0M | 3.4M | 4.1M | 5.0M | 4.6M | 4.3M |
| Per Share Data | |||||||||||||
| EPS | -0.00 | -0.76 | -0.03 | -0.06 | 0.11 | 0.45 | 0.14 | 0.18 | 0.16 | 0.34 | 0.55 | 0.74 | 0.66 |
| Owner EPS | 0.00 | -0.15 | -0.03 | -0.06 | 0.07 | -0.03 | 0.40 | -0.00 | 0.20 | -0.13 | 0.13 | 0.87 | 0.44 |
| Book Value | 0.00 | 0.76 | 0.18 | 0.70 | 0.75 | 1.45 | 1.59 | 1.92 | 1.55 | 2.23 | 2.75 | 3.49 | 3.57 |
| Cash Flow/Share | 0.00 | -0.11 | -0.01 | 0.00 | 0.12 | 0.02 | 0.45 | 0.06 | 0.25 | -0.04 | 0.26 | 1.00 | 0.72 |
| Dividends/Share | N/A | N/A | N/A | 0.03 | 0.09 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.00 |
| Shares Out. | 4.1B | 10.7M | 40.7M | 8.5M | 8.5M | 8.4M | 8.8M | 8.2M | 8.0M | 6.7M | 6.9M | 7.0M | 6.9M |
| Valuation | |||||||||||||
| P/E Ratio | N/A | N/A | N/A | N/A | 15.5 | N/A | N/A | N/A | N/A | N/A | 13.7 | N/A | 16.9 |
| P/FCF | N/A | N/A | N/A | N/A | 16.6 | N/A | N/A | N/A | N/A | N/A | 46.8 | N/A | 22.6 |
| 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 | 11.2 |
| Price/Book | N/A | N/A | N/A | N/A | 2.3 | N/A | N/A | N/A | N/A | N/A | 2.7 | N/A | 3.1 |
| Price/Sales | N/A | N/A | N/A | N/A | 0.4 | N/A | N/A | N/A | N/A | N/A | 1.3 | N/A | 1.8 |
| FCF Yield | N/A | N/A | N/A | N/A | 6.0% | N/A | N/A | N/A | N/A | N/A | 2.1% | N/A | 4.4% |
| Market Cap | 0 | 0 | 0 | 0 | 14M | 0 | 0 | 0 | 0 | 0 | 51M | 0 | 77M |
| Avg. Price | 0.00 | 0.00 | 0.00 | 0.00 | 1.10 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 6.51 | 0.00 | 11.10 |
| Year-End Price | 0.00 | 0.00 | 0.00 | 0.00 | 1.71 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 7.51 | 0.00 | 11.10 |
Optex Systems Holdings Inc passes 3 of 9 quality checks, indicating weak fundamentals.
Optex Systems Holdings Inc trades at 15.0x trailing earnings, compared to its 15-year median P/E of 14.6x, suggesting it is currently Fair relative to its historical range. On a free-cash-flow basis, the stock trades at 12.0x vs a median of 31.7x. The company's 5-year average ROIC is 19.1% with a gross margin of 23.7%. At current prices, the estimated annualized return to fair value is +11.5%.
Optex Systems Holdings Inc (OPXS) has a net profit margin of 12.5%. This is a healthy margin.
Optex Systems Holdings Inc (OPXS) generated $6 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
Optex Systems Holdings Inc (OPXS) has a debt-to-equity ratio of 0.24. This indicates a conservatively financed balance sheet.
Optex Systems Holdings Inc (OPXS) reported earnings per share (EPS) of $0.74 in its most recent fiscal year.
Optex Systems Holdings Inc (OPXS) has a return on equity (ROE) of 23.9%. This indicates the company generates strong returns for shareholders.
Optex Systems Holdings Inc (OPXS) has a 5-year average gross margin of 23.7%. This lower margin is typical of capital-intensive or commodity businesses.
The Ledger Terminal provides 16 years of financial data for Optex Systems Holdings Inc (OPXS), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
Optex Systems Holdings Inc (OPXS) has a book value per share of $3.49, based on its most recent annual SEC filing.
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