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Orion Energy Systems

DB:5A4
Snowflake Description

Flawless balance sheet with proven track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
5A4
DB
$99M
Market Cap
  1. Home
  2. DE
  3. Capital Goods
Company description

Orion Energy Systems, Inc. researches, designs, develops, manufactures, implements, markets, and sells energy management systems for the commercial office and retail, area lighting, and industrial markets in North America. The last earnings update was 60 days ago. More info.


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  • Orion Energy Systems has significant price volatility in the past 3 months.
5A4 Share Price and Events
7 Day Returns
-13.6%
DB:5A4
-1%
DE Electrical
-0.6%
DE Market
1 Year Returns
176.5%
DB:5A4
-12.1%
DE Electrical
-20.9%
DE Market
5A4 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Orion Energy Systems (5A4) -13.6% -19.3% 6% 176.5% 82.8% 0.7%
DE Electrical -1% -23.3% -36.8% -12.1% -40.7% -42.5%
DE Market -0.6% -16.6% -26% -20.9% -25.8% -31.8%
1 Year Return vs Industry and Market
  • 5A4 outperformed the Electrical industry which returned -12.1% over the past year.
  • 5A4 outperformed the Market in Germany which returned -20.9% over the past year.
Price Volatility
5A4
Industry
5yr Volatility vs Market

5A4 Value

 Is Orion Energy Systems undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Orion Energy Systems to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Orion Energy Systems.

DB:5A4 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 4 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 5.5%
Perpetual Growth Rate 10-Year DE Government Bond Rate -0.4%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:5A4
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 5.4%
Electrical Unlevered Beta Simply Wall St/ S&P Global 1.11
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.11 (1 + (1- 21%) (1.02%))
1.08
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.08
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (1.08 * 5.44%)
5.48%

Discounted Cash Flow Calculation for DB:5A4 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Orion Energy Systems is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

DB:5A4 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 5.48%)
2020 15.73 Analyst x1 14.91
2021 2.27 Analyst x1 2.04
2022 0.81 Est @ -64.17% 0.69
2023 0.45 Est @ -45.03% 0.36
2024 0.31 Est @ -31.64% 0.23
2025 0.24 Est @ -22.27% 0.17
2026 0.20 Est @ -15.7% 0.14
2027 0.18 Est @ -11.11% 0.12
2028 0.16 Est @ -7.89% 0.10
2029 0.15 Est @ -5.64% 0.09
Present value of next 10 years cash flows $18.00
DB:5A4 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $0.15 × (1 + -0.39%) ÷ (5.48% – -0.39%)
$2.63
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $2.63 ÷ (1 + 5.48%)10
$1.54
DB:5A4 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $18.00 + $1.54
$19.54
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $19.54 / 30.27
$0.65
DB:5A4 Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:5A4 represents 0.88089x of NasdaqCM:OESX
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.88089x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (USD) x Listing Adjustment Factor
= $ 0.65 x 0.88089
€0.57
Value per share (EUR) From above. €0.57
Current discount Discount to share price of €3.18
= -1 x (€3.18 - €0.57) / €0.57
-459.2%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Orion Energy Systems is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Orion Energy Systems's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Orion Energy Systems's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:5A4 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in USD $0.40
NasdaqCM:OESX Share Price ** NasdaqCM (2020-04-06) in USD $3.61
Germany Electrical Industry PE Ratio Median Figure of 7 Publicly-Listed Electrical Companies 20.5x
Germany Market PE Ratio Median Figure of 401 Publicly-Listed Companies 16.45x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Orion Energy Systems.

DB:5A4 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqCM:OESX Share Price ÷ EPS (both in USD)

= 3.61 ÷ 0.40

8.92x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Orion Energy Systems is good value based on earnings compared to the DE Electrical industry average.
  • Orion Energy Systems is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Orion Energy Systems's expected growth come at a high price?
Raw Data
DB:5A4 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 8.92x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts
17.3%per year
Germany Electrical Industry PEG Ratio Median Figure of 6 Publicly-Listed Electrical Companies 0.95x
Germany Market PEG Ratio Median Figure of 256 Publicly-Listed Companies 1.16x

*Line of best fit is calculated by linear regression .

DB:5A4 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 8.92x ÷ 17.3%

0.52x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Orion Energy Systems is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Orion Energy Systems's assets?
Raw Data
DB:5A4 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in USD $1.04
NasdaqCM:OESX Share Price * NasdaqCM (2020-04-06) in USD $3.61
Germany Electrical Industry PB Ratio Median Figure of 14 Publicly-Listed Electrical Companies 1.86x
Germany Market PB Ratio Median Figure of 572 Publicly-Listed Companies 1.44x
DB:5A4 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqCM:OESX Share Price ÷ Book Value per Share (both in USD)

= 3.61 ÷ 1.04

3.48x

* Primary Listing of Orion Energy Systems.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Orion Energy Systems is overvalued based on assets compared to the DE Electrical industry average.
X
Value checks
We assess Orion Energy Systems's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Electrical industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Electrical industry average (and greater than 0)? (1 check)
  5. Orion Energy Systems has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

5A4 Future Performance

 How is Orion Energy Systems expected to perform in the next 1 to 3 years based on estimates from 4 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
17.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Orion Energy Systems expected to grow at an attractive rate?
  • Orion Energy Systems's earnings growth is expected to exceed the low risk savings rate of -0.4%.
Growth vs Market Checks
  • Orion Energy Systems's earnings growth is expected to exceed the Germany market average.
  • Orion Energy Systems's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:5A4 Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:5A4 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts 17.3%
DB:5A4 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 4 Analysts 5.8%
Germany Electrical Industry Earnings Growth Rate Market Cap Weighted Average 71.1%
Germany Electrical Industry Revenue Growth Rate Market Cap Weighted Average 12.2%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14.1%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:5A4 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:5A4 Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2025-03-31 202 30 1
2024-03-31 187 25 1
2023-03-31 173 21 1
2022-03-31 160 16 1
2021-03-31 143 3 12 4
2020-04-06
2020-03-31 154 17 14 4
DB:5A4 Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-12-31 147 11 12
2019-09-30 129 5 9
2019-06-30 94 -3 0
2019-03-31 66 -5 -7
2018-12-31 58 -3 -7
2018-09-30 59 -1 -8
2018-06-30 62 1 -9
2018-03-31 60 -4 -13
2017-12-31 61 -5 -19
2017-09-30 64 -7 -19
2017-06-30 67 -5 -16
2017-03-31 70 -2 -12

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Orion Energy Systems's earnings are expected to grow by 17.3% yearly, however this is not considered high growth (20% yearly).
  • Orion Energy Systems's revenue is expected to grow by 5.8% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:5A4 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below

All data from Orion Energy Systems Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:5A4 Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2025-03-31 0.98 0.98 0.98 1.00
2024-03-31 0.83 0.83 0.83 1.00
2023-03-31 0.68 0.68 0.68 1.00
2022-03-31 0.51 0.51 0.51 1.00
2021-03-31 0.37 0.52 0.21 4.00
2020-04-06
2020-03-31 0.46 0.49 0.42 4.00
DB:5A4 Past Financials Data
Date (Data in USD Millions) EPS *
2019-12-31 0.40
2019-09-30 0.31
2019-06-30 0.00
2019-03-31 -0.23
2018-12-31 -0.25
2018-09-30 -0.28
2018-06-30 -0.32
2018-03-31 -0.46
2017-12-31 -0.66
2017-09-30 -0.65
2017-06-30 -0.56
2017-03-31 -0.44

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Orion Energy Systems will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Orion Energy Systems's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Germany market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Orion Energy Systems has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

5A4 Past Performance

  How has Orion Energy Systems performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Orion Energy Systems's growth in the last year to its industry (Electrical).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Orion Energy Systems has delivered over 20% year on year earnings growth in the past 5 years.
  • Orion Energy Systems has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.
  • Orion Energy Systems has become profitable in the last year making it difficult to compare the DE Electrical industry average.
Earnings and Revenue History
Orion Energy Systems's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Orion Energy Systems Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:5A4 Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 147.39 12.11 21.34 1.56
2019-09-30 129.43 9.15 20.40 1.42
2019-06-30 94.31 -0.01 19.35 1.38
2019-03-31 65.75 -6.67 19.29 1.37
2018-12-31 58.37 -7.25 18.96 1.36
2018-09-30 59.34 -8.03 20.38 1.68
2018-06-30 61.56 -9.26 21.83 1.71
2018-03-31 60.30 -13.13 23.01 1.83
2017-12-31 60.53 -18.96 26.03 2.03
2017-09-30 63.89 -18.61 26.84 1.91
2017-06-30 67.14 -15.91 27.64 2.05
2017-03-31 70.21 -12.29 27.61 2.00
2016-12-31 73.50 -15.87 29.11 1.92
2016-09-30 69.63 -16.78 28.69 1.80
2016-06-30 66.69 -19.41 28.01 1.73
2016-03-31 67.64 -20.13 28.13 1.67
2015-12-31 68.43 -13.95 25.98 1.92
2015-09-30 77.82 -16.61 27.30 2.43
2015-06-30 75.48 -31.35 28.47 2.56
2015-03-31 72.21 -32.06 28.08 2.55
2014-12-31 65.43 -36.21 30.30 2.48
2014-09-30 66.98 -30.53 29.39 2.07
2014-06-30 81.08 -9.78 28.92 1.95
2014-03-31 88.62 -6.20 28.43 2.03
2013-12-31 98.32 3.19 24.82 1.84
2013-09-30 99.72 2.82 25.53 1.79
2013-06-30 91.63 -9.24 26.68 2.05

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Orion Energy Systems has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).
  • Orion Energy Systems used its assets more efficiently than the DE Electrical industry average last year based on Return on Assets.
  • Orion Energy Systems has become profitable over the past 3 years. This is considered to be a significant improvement in its use of capital (Return on Capital Employed).
X
Past performance checks
We assess Orion Energy Systems's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Electrical industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Orion Energy Systems has a total score of 4/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

5A4 Health

 How is Orion Energy Systems's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Orion Energy Systems's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Orion Energy Systems is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Orion Energy Systems's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Orion Energy Systems's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 51.5x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Orion Energy Systems Company Filings, last reported 3 months ago.

DB:5A4 Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 31.42 0.83 13.76
2019-09-30 28.93 3.76 11.10
2019-06-30 22.06 8.97 10.23
2019-03-31 17.97 9.20 8.73
2018-12-31 18.67 3.33 6.60
2018-09-30 19.13 1.42 5.67
2018-06-30 21.36 2.30 7.84
2018-03-31 23.42 3.91 9.42
2017-12-31 24.64 3.83 10.56
2017-09-30 25.82 3.31 8.67
2017-06-30 29.22 4.13 8.49
2017-03-31 35.45 6.97 17.31
2016-12-31 42.38 6.29 19.12
2016-09-30 43.08 5.34 18.73
2016-06-30 43.48 3.33 14.16
2016-03-31 45.98 4.77 15.54
2015-12-31 56.54 6.10 17.46
2015-09-30 58.03 4.03 13.45
2015-06-30 61.28 5.60 17.94
2015-03-31 64.51 5.05 20.00
2014-12-31 51.40 4.36 5.23
2014-09-30 55.52 5.02 11.60
2014-06-30 73.33 5.78 16.81
2014-03-31 77.01 6.60 18.04
2013-12-31 84.34 7.44 19.36
2013-09-30 82.50 8.37 18.59
2013-06-30 77.43 5.86 16.49
  • Orion Energy Systems's level of debt (2.6%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (8.5% vs 2.6% today).
  • Debt is well covered by operating cash flow (1306%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 19.4x coverage).
X
Financial health checks
We assess Orion Energy Systems's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Orion Energy Systems has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

5A4 Dividends

 What is Orion Energy Systems's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Orion Energy Systems dividends.
If you bought €2,000 of Orion Energy Systems shares you are expected to receive €0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Orion Energy Systems's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Orion Energy Systems's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:5A4 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below
Germany Electrical Industry Average Dividend Yield Market Cap Weighted Average of 5 Stocks 1.8%
Germany Market Average Dividend Yield Market Cap Weighted Average of 315 Stocks 3.9%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.9%
Germany Bottom 25% Dividend Yield 25th Percentile 1.7%
Germany Top 25% Dividend Yield 75th Percentile 4.9%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:5A4 Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2025-03-31
2024-03-31
2023-03-31
2022-03-31
2021-03-31
2020-04-06
2020-03-31

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Orion Energy Systems has not reported any payouts.
  • Unable to verify if Orion Energy Systems's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Orion Energy Systems's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Orion Energy Systems has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Orion Energy Systems's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.9%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Orion Energy Systems afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Orion Energy Systems has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

5A4 Management

 What is the CEO of Orion Energy Systems's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Mike Altschaefl
COMPENSATION $644,866
AGE 60
TENURE AS CEO 2.9 years
CEO Bio

Mr. Michael W. Altschaefl, also known as Mike, CPA, has been the Chief Executive Officer of Orion Energy Systems, Inc since May 25, 2017. Mr. Altschaefl served as Vice President of Strategy and Business Development at Shiloh Industries Inc., since March 2013. Mr. Altschaefl was responsible for Shiloh's strategy development, the sales and business development team and acquisition activities. He has also been an Owner and President of Mid-America Bag LLC since 2010. He served as Owner, Chief Executive Officer and President of Albany-Chicago Company LLC since 2008. Prior to joining Albany-Chicago Company LLC in 2008, he was a Partner of Grant Thornton, LLP for six years. He has been the Chairman of Orion Energy Systems, Inc since August 2016 and has been its Independent Director October 2009. Mr. Altschaefl is a Certified Public Accountant. He obtained his bachelor of business administration from the University of Wisconsin.

CEO Compensation
  • Mike's compensation has increased in line with Orion Energy Systems recently becoming profitable.
  • Mike's remuneration is higher than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Orion Energy Systems management team in years:

3.7
Average Tenure
60
Average Age
  • The tenure for the Orion Energy Systems management team is about average.
Management Team

Mike Altschaefl

TITLE
CEO & Board Chair
COMPENSATION
$645K
AGE
60
TENURE
2.9 yrs

Bill Hull

TITLE
CFO, Executive VP
COMPENSATION
$530K
AGE
62
TENURE
4.5 yrs

Scott Green

TITLE
Executive VP & COO
COMPENSATION
$507K
AGE
61
TENURE
2.9 yrs

Marc Meade

TITLE
Senior Vice President of Operations Planning & Business Development
COMPENSATION
$469K
AGE
34
TENURE
6.3 yrs

Steve Barth

TITLE
Outside Legal Counsel & Board Secretary
AGE
60

Linda Diedrich

TITLE
Director of Marketing & Communications

Kevin Crawford

TITLE
Senior Vice President of External Affairs - Orion Engineered Systems

Omar Rivera

TITLE
Senior Vice President of Product Development
TENURE
4.8 yrs

Kevin Grayson

TITLE
Senior Vice President for Channel Sales
TENURE
2.7 yrs
Board of Directors Tenure

Average tenure and age of the Orion Energy Systems board of directors in years:

2.9
Average Tenure
60
Average Age
  • The average tenure for the Orion Energy Systems board of directors is less than 3 years, this suggests a new board.
Board of Directors

Mark Williamson

TITLE
Independent Director
COMPENSATION
$103K
AGE
65
TENURE
11 yrs

Mike Altschaefl

TITLE
CEO & Board Chair
COMPENSATION
$645K
AGE
60
TENURE
3.7 yrs

Ellen Richstone

TITLE
Independent Director
COMPENSATION
$90K
AGE
67
TENURE
2.9 yrs

Kenny Young

TITLE
Independent Director
COMPENSATION
$85K
AGE
55
TENURE
2.7 yrs

Tony Otten

TITLE
Lead Independent Director
COMPENSATION
$107K
AGE
62
TENURE
2.8 yrs

Mike Potts

TITLE
Director
COMPENSATION
$90K
AGE
55
TENURE
19.3 yrs

Alan Howe

TITLE
Director
AGE
58
TENURE
0.9 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
25. Mar 20 Sell Scott Green Individual 15. Nov 19 15. Nov 19 -10 €2.81 €-28
19. Nov 19 Sell Michael Potts Individual 14. Nov 19 18. Nov 19 -141,795 €3.19 €-434,809
25. Mar 20 Sell Scott Green Individual 14. Nov 19 15. Nov 19 -182,888 €2.98 €-543,098
18. Nov 19 Sell Michael Potts Individual 15. Nov 19 15. Nov 19 -29,546 €2.98 €-88,186
15. Nov 19 Sell Michael Potts Individual 13. Nov 19 13. Nov 19 -28,659 €2.69 €-76,977
14. Nov 19 Sell Scott Green Individual 11. Nov 19 14. Nov 19 -256,493 €2.75 €-697,572
17. Jun 19 Buy Michael Altschaefl Individual 14. Jun 19 14. Jun 19 5,000 €2.56 €12,796
14. Jun 19 Sell Peter Kamin Individual 04. Jun 19 12. Jun 19 -1,176,700 €2.57 €-2,840,342
12. Jun 19 Buy Anthony Otten Individual 11. Jun 19 11. Jun 19 3,500 €2.46 €8,602
10. Jun 19 Buy Michael Altschaefl Individual 07. Jun 19 07. Jun 19 10,000 €2.53 €25,277
X
Management checks
We assess Orion Energy Systems's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Orion Energy Systems has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

5A4 News

Simply Wall St News

5A4 Company Info

Description

Orion Energy Systems, Inc. researches, designs, develops, manufactures, implements, markets, and sells energy management systems for the commercial office and retail, area lighting, and industrial markets in North America. The company operates in three segments: Orion U.S. Markets Division, Orion Engineered Systems Division, and Orion Distribution Services Division. It offers LED Troffer Door Retrofit for use in office or retail grid ceilings; and LED interior high bay lighting products, including Apollo class of LED interior fixtures designed for new construction and retrofit projects, as well as ISON class of LED interior fixtures. The company also provides an array of smart building control systems, which provide lighting control options and data intelligence capabilities for building managers under the InteLite brand or procured from third parties; and various other LED, HIF, and induction fixtures for lighting and energy management needs comprising fixtures for agribusinesses, parking lots, roadways, retail, mezzanine, outdoor applications, and private label resale. In addition, it offers lighting-related energy management services, such as site assessment, site field verification, utility incentive and government subsidy management, engineering design, project management, and installation; and sells and distributes replacement lamps and fixture components into the after-market. The company serves customers directly; and through independent sales agencies and distributors, and energy service companies and electrical contractors. Orion Energy Systems, Inc. was founded in 1996 and is headquartered in Manitowoc, Wisconsin.

Details
Name: Orion Energy Systems, Inc.
5A4
Exchange: DB
Founded: 1996
$91,452,850
30,265,424
Website: http://www.orionlighting.com
Address: Orion Energy Systems, Inc.
2210 Woodland Drive,
Manitowoc,
Wisconsin, 54220,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqCM OESX Common Stock Nasdaq Capital Market US USD 19. Dec 2007
DB 5A4 Common Stock Deutsche Boerse AG DE EUR 19. Dec 2007
Number of employees
Current staff
Staff numbers
186
Orion Energy Systems employees.
Industry
Electrical Components and Equipment
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/06 22:22
End of day share price update: 2020/04/06 00:00
Last estimates confirmation: 2020/03/30
Last earnings filing: 2020/02/06
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/03/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.