Emerson Radio Corp. (MSN) | Investment Case

1. Company Snapshot

1.a. Company Description

Emerson Radio Corp., together with its subsidiaries, designs, sources, imports, markets, and sells various houseware and consumer electronic products under the Emerson brand in the United States and internationally.It offers houseware products, such as microwave ovens, compact refrigerators, wine products, and toaster ovens; audio products, including clock radios, Bluetooth speakers, and wireless charging products; and other products comprising massagers, toothbrushes, and security products.The company also licenses its trademarks to others on a worldwide basis for various products.

Emerson Radio Corp.markets its products primarily through mass merchandisers and online marketplaces.The company was founded in 1912 and is headquartered in Parsippany, New Jersey.

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1.b. Last Insights on MSN

Emerson Radio Corp.'s recent performance was negatively impacted by the decline in its market share and revenue due to increased competition from other consumer electronics companies. The company's inability to innovate and adapt to changing consumer preferences has led to a decline in its sales and profitability. Additionally, the company's high production costs and inventory levels have also contributed to its poor performance.

1.c. Company Highlights

Last Price	0.43
Change Percentage	1.03%
Open	0.44
Previous Close	0.43
Market Cap ( Millions)	9
Volume	20346
Year High	0.85
Year Low	0.28
M A 50	0.48
M A 200	0.44

FCF Yield	-35.50%
Dividend Yield	0.00%
ROE	-23.86%
Debt / Equity	2.08%
Net Debt / EBIDTA	11.51%
Price To Book	0.47
Price Earnings Ratio	-1.8
Price To FCF	-2.82
Price To sales	1.04
EV / EBITDA	-1.78

2. Transcript Summary

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3. NewsRoom

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May -20

Source: https://www.businesswire.com

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Sep -22

Source: CNBC

Industrial Automation And Instrumentation Market In India Will Register an Incremental Growth of $2.58 Billion during 2020-2024 | Technavio

Oct -23

Source: businesswire

Peloton Stock Has Soared. One Bullish Analyst Issues a Downgrade.

Oct -23

Source: marketwatch

Goldman’s Stock Rises on $2.9 Billion Settlement of 1MDB Scandal. Investors Hope a Dark Cloud Has Been Lifted.

Oct -22

Source: marketwatch

Gap shares up 11% on plans to close stores, focus on e-commerce and off-mall retail

Oct -22

Source: cnbc

Emerson Electric Co. (NYSE:EMR) Shares Sold by Pacer Advisors Inc.

Oct -22

Source: https://www.thelincolnianonline.com

Financial Comparison: LRAD (NASDAQ:LRAD) and Emerson Radio (NASDAQ:MSN)

Oct -22

Source: https://www.thelincolnianonline.com

4. Business Breakdown

4.a. Revenues by Country

4.b. Revenues by Segment

5. Expected revenues mid-term growth (4.50%)

6. Segments

Houseware and Consumer Electronic Products

Expected Growth: 4.5%

Growing demand for smart home appliances, increasing adoption of IoT technology, and rising disposable income are driving the growth of Emerson Radio Corp's houseware and consumer electronic products.

Licensing

Expected Growth: 4.5%

Emerson Radio Corp.'s licensing business is expected to grow driven by increasing demand for patented technologies, trademarks, and copyrights. The company's strong intellectual property portfolio and strategic partnerships will fuel revenue growth through royalties.

7. Detailed Products

Audio/Video Products

Emerson Radio Corp. offers a range of audio and video products, including TVs, DVD players, and home audio systems.

Microwave Ovens

Emerson Radio Corp. provides a variety of microwave ovens with advanced features and sleek designs.

Office and School Supplies

Emerson Radio Corp. offers a range of office and school supplies, including calculators, printers, and other accessories.

Household Appliances

Emerson Radio Corp. provides a range of household appliances, including toasters, blenders, and coffee makers.

Health and Wellness Products

Emerson Radio Corp. offers a range of health and wellness products, including blood pressure monitors and thermometers.

Licensing and Royalty Income

Emerson Radio Corp. licenses its brand name and intellectual property to other companies, generating royalty income.

8. Emerson Radio Corp.'s Porter Forces

Forces Ranking

Threat Of Substitutes

Emerson Radio Corp. faces moderate threat from substitutes, as consumers have limited alternatives for its products.

Bargaining Power Of Customers

Emerson Radio Corp. has a diverse customer base, reducing the bargaining power of individual customers.

Bargaining Power Of Suppliers

Emerson Radio Corp. relies on a few key suppliers, giving them moderate bargaining power.

Threat Of New Entrants

The consumer electronics industry is highly competitive, making it challenging for new entrants to gain market share.

Intensity Of Rivalry

The consumer electronics industry is highly competitive, with many established players, leading to intense rivalry.

9. SWOT Analysis

10. Capital Structure

10.a. Balance Sheet

10.b. Weighted Average Cost of capital

	Value
Debt Weight	0.79%
Debt Cost	6.17%
Equity Weight	99.21%
Equity Cost	6.17%
WACC	6.17%
Leverage	0.79%

11. Quality Control: Emerson Radio Corp. passed 3 out of 9 key points

Strong Liquidity

Low Debt

Strong Interest Coverage

Healthy Cash Flow

Operating Efficiency

Strong Return On Equity

Consistent Revenue Growth

Consistent Operating Cash Flow Growth

Margin Improvement

12.a Historical Valuation

12.b Price/Earnings Ratio

12.c Margin Valuation

12.d Peers Valuation

Peers Group Analysis

Turtle Beach

A-Score: 4.0/10

Value: 5.2

Growth: 4.2

Quality: 6.4

Yield: 0.0

Momentum: 4.0

Volatility: 4.0

1-Year Total Return ->

Sonos

A-Score: 3.9/10

Value: 5.9

Growth: 3.1

Quality: 3.2

Yield: 0.0

Momentum: 7.5

Volatility: 4.0

1-Year Total Return ->

VIZIO

A-Score: 3.9/10

Value: 7.4

Growth: 1.9

Quality: 3.5

Yield: 0.0

Momentum: 5.0

Volatility: 5.3

1-Year Total Return ->

Koss

A-Score: 3.3/10

Value: 7.6

Growth: 2.0

Quality: 4.6

Yield: 0.0

Momentum: 4.0

Volatility: 1.7

1-Year Total Return ->

Universal Electronics

A-Score: 3.0/10

Value: 9.6

Growth: 0.9

Quality: 4.6

Yield: 0.0

Momentum: 0.5

Volatility: 2.7

1-Year Total Return ->

Emerson Radio

A-Score: 3.0/10

Value: 9.2

Growth: 2.9

Quality: 4.1

Yield: 0.0

Momentum: 1.5

Volatility: 0.3

1-Year Total Return ->

Peers Metrics

12.e Scoring ^Insights

12.f DCF ^BETA

Parameters

Short Term Growth

13.59%

Short term Time

10.0

Long-Term Growth

2.00%

WACC

6.17%

Emerson Radio Corp. - US2910872033

1. Company Snapshot

1.a. Company Description

1.b. Last Insights on MSN

1.c. Company Highlights

Cheaper

Medium Volatility

Average Quality

Average Growth

Stable Momentum

Lower Growth

Weak Momentum

More Volatile

2. Transcript Summary

3. NewsRoom

4. Business Breakdown

4.a. Revenues by Country

4.b. Revenues by Segment

5. Expected revenues mid-term growth (4.50%)

6. Segments

Houseware and Consumer Electronic Products

Expected Growth: 4.5%

Licensing

Expected Growth: 4.5%

7. Detailed Products

Audio/Video Products

Microwave Ovens

Office and School Supplies

Household Appliances

Health and Wellness Products

Licensing and Royalty Income

8. Emerson Radio Corp.'s Porter Forces

Forces Ranking

Threat Of Substitutes

Bargaining Power Of Customers

Bargaining Power Of Suppliers

Threat Of New Entrants

Intensity Of Rivalry

9. SWOT Analysis

Strength

Weaknesses

Opportunities

Threats

10. Capital Structure

10.a. Balance Sheet

10.b. Weighted Average Cost of capital

11. Quality Control: Emerson Radio Corp. passed 3 out of 9 key points

12.a Historical Valuation

12.b Price/Earnings Ratio

12.c Margin Valuation

12.d Peers Valuation

Peers Group Analysis

Peers Metrics

12.e Scoring Insights

12.f DCF BETA

Parameters

Short Term Growth

Short term Time

Long-Term Growth

WACC

Target Price

0.43$

Current Price

0.43$

Potential

-0.00%

Expected Cash-Flows

12.e Scoring ^Insights

12.f DCF ^BETA