RESEARCH FRONTIERS INC (REFR) Fundamental Analysis & Valuation

NASDAQ:REFR • US7609111072

Current stock price

0.9126 USD
-0.1 (-10.09%)
At close:
0.92 USD
+0.01 (+0.81%)
After Hours:

This REFR fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

0

1. REFR Profitability Analysis

1.1 Basic Checks

  • REFR had negative earnings in the past year.
  • In the past year REFR has reported a negative cash flow from operations.
  • REFR had negative earnings in each of the past 5 years.
  • In the past 5 years REFR always reported negative operating cash flow.
REFR Yearly Net Income VS EBIT VS OCF VS FCFREFR Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 -1M -2M -3M -4M

1.2 Ratios

  • REFR's Return On Assets of -90.84% is on the low side compared to the rest of the industry. REFR is outperformed by 90.32% of its industry peers.
  • REFR has a worse Return On Equity (-219.11%) than 92.74% of its industry peers.
Industry RankSector Rank
ROA -90.84%
ROE -219.11%
ROIC N/A
ROA(3y)-57.62%
ROA(5y)-52.65%
ROE(3y)-107.9%
ROE(5y)-85.66%
ROIC(3y)N/A
ROIC(5y)N/A
REFR Yearly ROA, ROE, ROICREFR Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 -50 -100 -150 -200

1.3 Margins

  • The Profit Margin and Operating Margin and Gross Margin are not available for REFR so they could not be analyzed.
Industry RankSector Rank
OM N/A
PM (TTM) N/A
GM N/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3YN/A
GM growth 5YN/A
REFR Yearly Profit, Operating, Gross MarginsREFR Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 -100 -200 -300 -400

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ROAROEROICOperating and Profit MarginShow most profitable peers

7

2. REFR Health Analysis

2.1 Basic Checks

  • REFR does not have a ROIC to compare to the WACC, probably because it is not profitable.
  • REFR has about the same amout of shares outstanding than it did 1 year ago.
  • Compared to 5 years ago, REFR has more shares outstanding
  • There is no outstanding debt for REFR. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
REFR Yearly Shares OutstandingREFR Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10M 20M 30M
REFR Yearly Total Debt VS Total AssetsREFR Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2M 4M 6M 8M

2.2 Solvency

  • REFR has an Altman-Z score of -67.09. This is a bad value and indicates that REFR is not financially healthy and even has some risk of bankruptcy.
  • REFR's Altman-Z score of -67.09 is on the low side compared to the rest of the industry. REFR is outperformed by 95.97% of its industry peers.
  • There is no outstanding debt for REFR. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
Industry RankSector Rank
Debt/Equity 0
Debt/FCF N/A
Altman-Z -67.09
ROIC/WACCN/A
WACC9.62%
REFR Yearly LT Debt VS Equity VS FCFREFR Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 2M -2M 4M -4M 6M

2.3 Liquidity

  • REFR has a Current Ratio of 3.84. This indicates that REFR is financially healthy and has no problem in meeting its short term obligations.
  • REFR has a better Current ratio (3.84) than 71.77% of its industry peers.
  • A Quick Ratio of 3.84 indicates that REFR has no problem at all paying its short term obligations.
  • With a decent Quick ratio value of 3.84, REFR is doing good in the industry, outperforming 79.03% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 3.84
Quick Ratio 3.84
REFR Yearly Current Assets VS Current LiabilitesREFR Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2M 4M 6M

More info and screens

WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

1

3. REFR Growth Analysis

3.1 Past

  • The earnings per share for REFR have decreased strongly by -55.75% in the last year.
  • The Revenue for REFR has decreased by -16.05% in the past year. This is quite bad
  • The Revenue has been growing slightly by 6.20% on average over the past years.
EPS 1Y (TTM)-55.75%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-25.97%
Revenue 1Y (TTM)-16.05%
Revenue growth 3Y27.58%
Revenue growth 5Y6.2%
Sales Q2Q%-59.94%

3.2 Future

  • No EPS estimates are available, so we could not analyze the future EPS growth and evolution.
  • No Revenue estimates are available, so we could not analyze the future revenue growth and evolution.
EPS Next YN/A
EPS Next 2YN/A
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next YearN/A
Revenue Next 2YN/A
Revenue Next 3YN/A
Revenue Next 5YN/A

3.3 Evolution

  • No EPS estimates are available, so we could not analyze the future EPS growth and evolution.
  • No Revenue estimates are available, so we could not analyze the future revenue growth and evolution.
REFR Yearly Revenue VS EstimatesREFR Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 500K 1M 1.5M 2M
REFR Yearly EPS VS EstimatesREFR Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 -0.05 -0.1 -0.15

More info and screens

Find the best growth stocksShow best growing peers

0

4. REFR Valuation Analysis

4.1 Price/Earnings Ratio

  • The Price/Earnings Ratio is negative for REFR. In the last year negative earnings were reported.
Industry RankSector Rank
PE N/A
Fwd PE N/A
REFR Price Earnings VS Forward Price EarningsREFR Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 0 0 0 0 0 0 0 0 0 0

4.2 Price Multiples

Industry RankSector Rank
P/FCF N/A
EV/EBITDA N/A
REFR Per share dataREFR EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 0.02 -0.02 -0.04

4.3 Compensation for Growth

PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2YN/A
EPS Next 3YN/A

More info and screens

Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

0

5. REFR Dividend Analysis

5.1 Amount

  • No dividends for REFR!.
Industry RankSector Rank
Dividend Yield 0%

More info and screens

Find the best dividend stocksShow peers with best dividend

REFR Fundamentals: All Metrics, Ratios and Statistics

RESEARCH FRONTIERS INC

NASDAQ:REFR (4/15/2026, 8:17:31 PM)

After market: 0.92 +0.01 (+0.81%)

0.9126

-0.1 (-10.09%)

Chartmill FA Rating
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryElectronic Equipment, Instruments & Components
Earnings (Last)03-05
Earnings (Next)04-30
Inst Owners14.19%
Inst Owner Change0%
Ins Owners9.98%
Ins Owner Change0%
Market Cap31.71M
Revenue(TTM)1.12M
Net Income(TTM)-2.05M
Analysts82.86
Price TargetN/A
Short Float %1.17%
Short Ratio9.96
Dividend
Industry RankSector Rank
Dividend Yield 0%
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)N/A
Avg Revenue beat(2)N/A
Min Revenue beat(2)N/A
Max Revenue beat(2)N/A
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)N/A
PT rev (3m)N/A
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)N/A
EPS NY rev (3m)N/A
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)N/A
Revenue NY rev (3m)N/A
Valuation
Industry RankSector Rank
PE N/A
Fwd PE N/A
P/S 28.28
P/FCF N/A
P/OCF N/A
P/B 33.96
P/tB 33.96
EV/EBITDA N/A
EPS(TTM)-0.06
EYN/A
EPS(NY)N/A
Fwd EYN/A
FCF(TTM)-0.04
FCFYN/A
OCF(TTM)-0.04
OCFYN/A
SpS0.03
BVpS0.03
TBVpS0.03
PEG (NY)N/A
PEG (5Y)N/A
Graham Number0 (-100%)
Profitability
Industry RankSector Rank
ROA -90.84%
ROE -219.11%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) N/A
GM N/A
FCFM N/A
ROA(3y)-57.62%
ROA(5y)-52.65%
ROE(3y)-107.9%
ROE(5y)-85.66%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexgc growth 3YN/A
ROICexgc growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3YN/A
GM growth 5YN/A
F-Score3
Asset Turnover0.5
Health
Industry RankSector Rank
Debt/Equity 0
Debt/FCF N/A
Debt/EBITDA N/A
Cap/Depr 5.65%
Cap/Sales 0.06%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 3.84
Quick Ratio 3.84
Altman-Z -67.09
F-Score3
WACC9.62%
ROIC/WACCN/A
Cap/Depr(3y)5.86%
Cap/Depr(5y)3.52%
Cap/Sales(3y)0.12%
Cap/Sales(5y)0.07%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-55.75%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-25.97%
EPS Next YN/A
EPS Next 2YN/A
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)-16.05%
Revenue growth 3Y27.58%
Revenue growth 5Y6.2%
Sales Q2Q%-59.94%
Revenue Next YearN/A
Revenue Next 2YN/A
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y-47.88%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-68.26%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-68.51%
OCF growth 3YN/A
OCF growth 5YN/A

RESEARCH FRONTIERS INC / REFR Fundamental Analysis FAQ

Can you provide the ChartMill fundamental rating for RESEARCH FRONTIERS INC?

ChartMill assigns a fundamental rating of 2 / 10 to REFR.


What is the valuation status of RESEARCH FRONTIERS INC (REFR) stock?

ChartMill assigns a valuation rating of 0 / 10 to RESEARCH FRONTIERS INC (REFR). This can be considered as Overvalued.


What is the profitability of REFR stock?

RESEARCH FRONTIERS INC (REFR) has a profitability rating of 0 / 10.


Can you provide the financial health for REFR stock?

The financial health rating of RESEARCH FRONTIERS INC (REFR) is 7 / 10.