Logo image of REFR

RESEARCH FRONTIERS INC (REFR) Stock Fundamental Analysis

USA - Nasdaq - NASDAQ:REFR - US7609111072 - Common Stock

1.89 USD
-0.02 (-1.05%)
Last: 11/28/2025, 1:30:01 PM
Fundamental Rating

2

We assign a fundamental rating of 2 out of 10 to REFR. REFR was compared to 124 industry peers in the Electronic Equipment, Instruments & Components industry. REFR has a great financial health rating, but its profitability evaluates not so good. REFR is valued expensive and it does not seem to be growing.


Dividend Valuation Growth Profitability Health

Quickly go to:

0

1. Profitability

1.1 Basic Checks

In the past year REFR has reported negative net income.
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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 -1M -2M -3M -4M

1.2 Ratios

REFR has a Return On Assets of -68.17%. This is amonst the worse of the industry: REFR underperforms 88.62% of its industry peers.
REFR has a Return On Equity of -125.90%. This is amonst the worse of the industry: REFR underperforms 87.80% of its industry peers.
Industry RankSector Rank
ROA -68.17%
ROE -125.9%
ROIC N/A
ROA(3y)-43.92%
ROA(5y)-42.03%
ROE(3y)-53.41%
ROE(5y)-50.62%
ROIC(3y)N/A
ROIC(5y)N/A
REFR Yearly ROA, ROE, ROICREFR Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 -20 -40 -60 -80

1.3 Margins

REFR does not have Profit Margin and Operating Margin and Gross Margin available, so we won't be analyzing them here.
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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 -100 -200 -300 -400

More info and screens

7

2. Health

2.1 Basic Checks

REFR does not have a ROIC to compare to the WACC, probably because it is not profitable.
REFR has more shares outstanding than it did 1 year ago.
The number of shares outstanding for REFR has been increased compared to 5 years ago.
REFR has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
REFR Yearly Shares OutstandingREFR Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 10M 20M 30M
REFR Yearly Total Debt VS Total AssetsREFR Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2M 4M 6M 8M

2.2 Solvency

Based on the Altman-Z score of -35.07, we must say that REFR is in the distress zone and has some risk of bankruptcy.
With a Altman-Z score value of -35.07, REFR is not doing good in the industry: 97.56% of the companies in the same industry are doing better.
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 -35.07
ROIC/WACCN/A
WACC9.21%
REFR Yearly LT Debt VS Equity VS FCFREFR Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 2M -2M 4M -4M 6M 8M

2.3 Liquidity

A Current Ratio of 7.61 indicates that REFR has no problem at all paying its short term obligations.
The Current ratio of REFR (7.61) is better than 89.43% of its industry peers.
REFR has a Quick Ratio of 7.61. This indicates that REFR is financially healthy and has no problem in meeting its short term obligations.
REFR's Quick ratio of 7.61 is amongst the best of the industry. REFR outperforms 90.24% of its industry peers.
Industry RankSector Rank
Current Ratio 7.61
Quick Ratio 7.61
REFR Yearly Current Assets VS Current LiabilitesREFR Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2M 4M 6M 8M

More info and screens

0

3. Growth

3.1 Past

REFR shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -59.21%.
Looking at the last year, REFR shows a very negative growth in Revenue. The Revenue has decreased by -16.49% in the last year.
Measured over the past years, REFR shows a decrease in Revenue. The Revenue has been decreasing by -3.06% on average per year.
EPS 1Y (TTM)-59.21%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-78%
Revenue 1Y (TTM)-16.49%
Revenue growth 3Y1.96%
Revenue growth 5Y-3.06%
Sales Q2Q%2.69%

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 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 500K 1M 1.5M 2M
REFR Yearly EPS VS EstimatesREFR Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 -0.05 -0.1 -0.15 -0.2

More info and screens

0

4. Valuation

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 -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

0

5. Dividend

5.1 Amount

REFR does not give a dividend.
Industry RankSector Rank
Dividend Yield N/A

More info and screens

RESEARCH FRONTIERS INC

NASDAQ:REFR (11/28/2025, 1:30:01 PM)

1.89

-0.02 (-1.05%)

Chartmill FA Rating
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryElectronic Equipment, Instruments & Components
Earnings (Last)11-06 2025-11-06/amc
Earnings (Next)03-04 2026-03-04
Inst Owners16.08%
Inst Owner Change-3.36%
Ins Owners9.21%
Ins Owner Change0%
Market Cap63.60M
Revenue(TTM)1.23M
Net Income(TTM)-1.89M
Analysts82.86
Price TargetN/A
Short Float %1.01%
Short Ratio3.33
Dividend
Industry RankSector Rank
Dividend Yield N/A
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 51.82
P/FCF N/A
P/OCF N/A
P/B 42.41
P/tB 42.41
EV/EBITDA N/A
EPS(TTM)-0.06
EYN/A
EPS(NY)N/A
Fwd EYN/A
FCF(TTM)-0.02
FCFYN/A
OCF(TTM)-0.02
OCFYN/A
SpS0.04
BVpS0.04
TBVpS0.04
PEG (NY)N/A
PEG (5Y)N/A
Graham NumberN/A
Profitability
Industry RankSector Rank
ROA -68.17%
ROE -125.9%
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)-43.92%
ROA(5y)-42.03%
ROE(3y)-53.41%
ROE(5y)-50.62%
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-Score2
Asset Turnover0.44
Health
Industry RankSector Rank
Debt/Equity 0
Debt/FCF N/A
Debt/EBITDA N/A
Cap/Depr 9.43%
Cap/Sales 0.12%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 7.61
Quick Ratio 7.61
Altman-Z -35.07
F-Score2
WACC9.21%
ROIC/WACCN/A
Cap/Depr(3y)3.98%
Cap/Depr(5y)19.53%
Cap/Sales(3y)0.1%
Cap/Sales(5y)1.5%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-59.21%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-78%
EPS Next YN/A
EPS Next 2YN/A
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)-16.49%
Revenue growth 3Y1.96%
Revenue growth 5Y-3.06%
Sales Q2Q%2.69%
Revenue Next YearN/A
Revenue Next 2YN/A
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y-49.89%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y64.61%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y64.67%
OCF growth 3YN/A
OCF growth 5YN/A

RESEARCH FRONTIERS INC / REFR 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 for REFR stock?

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


Can you provide the profitability details for RESEARCH FRONTIERS INC?

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


What is the financial health of RESEARCH FRONTIERS INC (REFR) stock?

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