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Boxlight

Nasdaq:BOXL
Snowflake Description

Reasonable growth potential and slightly overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
BOXL
Nasdaq
$18M
Market Cap
  1. Home
  2. US
  3. Tech
Company description

Boxlight Corporation, an education technology company, develops, sells, and services interactive classroom solutions for the education market worldwide. The last earnings update was 7 days ago. More info.


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  • Boxlight has significant price volatility in the past 3 months.
BOXL Share Price and Events
7 Day Returns
-15.8%
NasdaqCM:BOXL
2%
US Tech
0.7%
US Market
1 Year Returns
-25.4%
NasdaqCM:BOXL
35.3%
US Tech
13.7%
US Market
BOXL Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Boxlight (BOXL) -15.8% -14% -33.3% -25.4% - -
US Tech 2% 11.9% 25.6% 35.3% 116.8% 102.6%
US Market 0.7% 4.7% 6.1% 13.7% 39.2% 44.5%
1 Year Return vs Industry and Market
  • BOXL underperformed the Tech industry which returned 35.3% over the past year.
  • BOXL underperformed the Market in United States of America which returned 13.7% over the past year.
Price Volatility
Industry
5yr Volatility vs Market
Related Companies

BOXL Value

 Is Boxlight 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 Boxlight 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 Boxlight.

NasdaqCM:BOXL Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 5 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 11.2%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

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 NasdaqCM:BOXL
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Tech Unlevered Beta Simply Wall St/ S&P Global 1.17
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.168 (1 + (1- 21%) (50.01%))
1.422
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.42
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.422 * 5.96%)
11.2%

Discounted Cash Flow Calculation for NasdaqCM:BOXL using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Boxlight 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.

NasdaqCM:BOXL DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 11.2%)
2020 -12.60 Est @ 101.13% -11.33
2021 -1.92 Analyst x1 -1.56
2022 -0.19 Analyst x1 -0.14
2023 2.10 Analyst x1 1.37
2024 3.61 Est @ 71.61% 2.12
2025 5.44 Est @ 50.95% 2.88
2026 7.43 Est @ 36.48% 3.53
2027 9.39 Est @ 26.36% 4.02
2028 11.20 Est @ 19.27% 4.31
2029 12.80 Est @ 14.31% 4.43
Present value of next 10 years cash flows $9.00
NasdaqCM:BOXL DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $12.80 × (1 + 2.73%) ÷ (11.2% – 2.73%)
$155.19
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $155.19 ÷ (1 + 11.2%)10
$53.66
NasdaqCM:BOXL Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $9.00 + $53.66
$62.66
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $62.66 / 11.02
$5.68
NasdaqCM:BOXL Discount to Share Price
Calculation Result
Value per share (USD) From above. $5.68
Current discount Discount to share price of $1.60
= -1 x ($1.60 - $5.68) / $5.68
71.9%

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

Current Discount
Amount off the current price Boxlight is available for.
Intrinsic value
>50%
Share price is $1.6 vs Future cash flow value of $5.68
Current Discount Checks
For Boxlight to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Boxlight's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Boxlight's share price is below the future cash flow value, and at a substantial discount (> 40%).
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 Boxlight's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Boxlight's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqCM:BOXL PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-09-30) in USD $-0.65
NasdaqCM:BOXL Share Price ** NasdaqCM (2019-11-18) in USD $1.6
United States of America Tech Industry PE Ratio Median Figure of 15 Publicly-Listed Tech Companies 22.21x
United States of America Market PE Ratio Median Figure of 2,924 Publicly-Listed Companies 18.25x

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

** Primary Listing of Boxlight.

NasdaqCM:BOXL PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

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

= 1.6 ÷ -0.65

-2.46x

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

  • Boxlight is loss making, we can't compare its value to the US Tech industry average.
  • Boxlight is loss making, we can't compare the value of its earnings to the United States of America market.
Price based on expected Growth
Does Boxlight's expected growth come at a high price?
Raw Data
NasdaqCM:BOXL PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -2.46x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts
40.1%per year
United States of America Tech Industry PEG Ratio Median Figure of 7 Publicly-Listed Tech Companies 1.18x
United States of America Market PEG Ratio Median Figure of 2,038 Publicly-Listed Companies 1.46x

*Line of best fit is calculated by linear regression .

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

  • Unable to calculate PEG ratio for Boxlight, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Boxlight's assets?
Raw Data
NasdaqCM:BOXL PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-09-30) in USD $0.35
NasdaqCM:BOXL Share Price * NasdaqCM (2019-11-18) in USD $1.6
United States of America Tech Industry PB Ratio Median Figure of 33 Publicly-Listed Tech Companies 1.56x
United States of America Market PB Ratio Median Figure of 5,086 Publicly-Listed Companies 1.76x
NasdaqCM:BOXL PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 1.6 ÷ 0.35

4.61x

* Primary Listing of Boxlight.

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

  • Boxlight is overvalued based on assets compared to the US Tech industry average.
X
Value checks
We assess Boxlight'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 Tech 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 Tech industry average (and greater than 0)? (1 check)
  5. Boxlight has a total score of 2/6, 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.

BOXL Future Performance

 How is Boxlight expected to perform in the next 1 to 3 years based on estimates from 5 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
40.1%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Boxlight expected to grow at an attractive rate?
  • Boxlight's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Boxlight's earnings growth is expected to exceed the United States of America market average.
  • Boxlight's revenue growth is expected to exceed the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NasdaqCM:BOXL Future Growth Rates Data Sources
Data Point Source Value (per year)
NasdaqCM:BOXL Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts 40.1%
NasdaqCM:BOXL Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 5 Analysts 17.6%
United States of America Tech Industry Earnings Growth Rate Market Cap Weighted Average 5.6%
United States of America Tech Industry Revenue Growth Rate Market Cap Weighted Average 5.1%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14.4%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.3%

*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
NasdaqCM:BOXL Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqCM:BOXL Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 79 4 1 3
2022-12-31 65 2 -2 3
2021-12-31 53 0 -5 4
2020-12-31 47 1 -7 5
2019-12-31 39 0 -8 4
2019-11-19
NasdaqCM:BOXL Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-09-30 40 -6 -7
2019-06-30 38 -5 -8
2019-03-31 37 -1 -11
2018-12-31 38 -4 -7
2018-09-30 31 -5 -11
2018-06-30 31 -4 -10
2018-03-31 28 -3 -6
2017-12-31 26 -1 -7
2017-09-30 25 2 -4
2017-06-30 23 3 -4
2017-03-31 21 2 -3
2016-12-31 20 2 -2

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Boxlight's earnings are expected to grow significantly at over 20% yearly.
  • Boxlight's revenue is expected to grow by 17.6% 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
NasdaqCM:BOXL Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below

All data from Boxlight Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqCM:BOXL Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31 0.06 0.24 -0.12 2.00
2022-12-31 -0.16 -0.09 -0.25 3.00
2021-12-31 -0.32 -0.28 -0.36 4.00
2020-12-31 -0.53 -0.17 -0.70 5.00
2019-12-31 -0.71 -0.68 -0.73 4.00
2019-11-19
NasdaqCM:BOXL Past Financials Data
Date (Data in USD Millions) EPS *
2019-09-30 -0.65
2019-06-30 -0.75
2019-03-31 -1.09
2018-12-31 -0.72
2018-09-30 -1.22
2018-06-30 -1.19
2018-03-31 -0.88
2017-12-31 -1.20
2017-09-30 -0.75
2017-06-30 -0.93
2017-03-31 -0.70
2016-12-31 -0.48

*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 Boxlight will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Boxlight'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 United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America 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.
Boxlight has a total score of 4/6, 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.

BOXL Past Performance

  How has Boxlight 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 Boxlight's growth in the last year to its industry (Tech).
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.
  • Boxlight does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Boxlight's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Boxlight's 1-year growth to the US Tech industry average as it is not currently profitable.
Earnings and Revenue History
Boxlight'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 Boxlight Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqCM:BOXL Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-09-30 39.70 -6.74 15.71 1.21
2019-06-30 38.29 -7.67 15.71 0.96
2019-03-31 36.86 -10.96 15.54 0.82
2018-12-31 37.84 -7.18 14.98 0.67
2018-09-30 31.19 -11.22 17.32 0.48
2018-06-30 31.23 -9.53 15.36 0.44
2018-03-31 27.55 -5.88 13.93 0.37
2017-12-31 25.74 -6.54 13.19 0.47
2017-09-30 25.41 -3.62 10.04 0.52
2017-06-30 23.06 -4.20 9.79 0.70
2017-03-31 21.49 -3.07 8.71 0.86
2016-12-31 20.37 -2.06 7.69 1.01
2016-09-30 17.49 -1.48 6.28 1.05
2016-06-30 10.29 -1.80 4.73 0.81
2016-03-31 6.45 -2.55 4.12 0.55
2015-12-31 3.38 -2.26 2.94 0.21
2014-12-31 -2.70 2.67

*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.
  • It is difficult to establish if Boxlight has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Boxlight has efficiently used its assets last year compared to the US Tech industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Boxlight improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Boxlight'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 Tech 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.
Boxlight has a total score of 0/6, 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.

BOXL Health

 How is Boxlight'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 Boxlight's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Boxlight's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Boxlight's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Boxlight'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.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 1.6x 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 Boxlight Company Filings, last reported 1 month ago.

NasdaqCM:BOXL Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-30 3.77 8.82 0.81
2019-06-30 3.49 6.58 0.95
2019-03-31 4.46 3.67 2.72
2018-12-31 7.97 3.01 0.90
2018-09-30 8.17 3.70 1.59
2018-06-30 8.53 2.34 1.80
2018-03-31 9.07 0.92 0.45
2017-12-31 9.05 0.86 2.01
2017-09-30 5.86 4.67 0.78
2017-06-30 1.31 7.94 0.82
2017-03-31 0.58 7.90 0.40
2016-12-31 2.11 7.78 0.46
2016-09-30 9.11 10.60 0.83
2016-06-30 -6.40 6.97 0.34
2016-03-31 -2.45 1.16 0.00
2015-12-31 0.04 1.02 0.99
2014-12-31 -0.70 0.28 0.00
  • Boxlight's level of debt (234.1%) compared to net worth is high (greater than 40%).
  • Unable to establish if Boxlight's debt level has increased without past 5-year debt data.
CASH RUNWAY ANALYSIS

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

  • Boxlight has less than a year of cash runway based on current free cash flow.
  • Boxlight has less than a year of cash runway if free cash flow continues to grow at historical rates of 94.2% each year.
X
Financial health checks
We assess Boxlight'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. Boxlight has a total score of 1/6, 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.

BOXL Dividends

 What is Boxlight'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 Boxlight dividends.
If you bought $2,000 of Boxlight 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 Boxlight's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Boxlight'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
NasdaqCM:BOXL 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 5 Analyst Estimates (S&P Global) See Below
United States of America Tech Industry Average Dividend Yield Market Cap Weighted Average of 9 Stocks 1.3%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 1956 Stocks 2.3%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.6%

Industry and Market average data is calculated daily.

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

NasdaqCM:BOXL Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31
2020-12-31
2019-12-31
2019-11-19

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

  • Unable to perform a dividend volatility check as Boxlight has not reported any payouts.
  • Unable to verify if Boxlight's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Boxlight's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Boxlight 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 Boxlight's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - 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 Boxlight afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Boxlight 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.

BOXL Management

 What is the CEO of Boxlight'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
James Elliott
COMPENSATION $430,091
AGE 67
TENURE AS CEO 5.2 years
CEO Bio

Mr. James Mark Elliott has been the Chief Executive Officer and Director of Boxlight Corporation since September 18, 2014 and serves as its Chairman. Since 2012, Mr. Elliott has also served as the President of Genesis and serves as its Chief Executive Officer. From 2005 to 2012, he served as the President of Promethean, Inc. Throughout his career, Mr. Elliott has held senior executive roles, including President, Senior Vice President or Director roles with Apple Computer, Lawson Software, E3 Corporation, PowerCerv Technologies, Tandem Computers and Unisys/Burroughs. He has executive level experience in interactive learning devices and computer technology industries. Mr. Elliott received a BBA in Economics from the University of North Georgia and a Master of Science degree in Industrial Management from Georgia Institute of Technology.

CEO Compensation
  • James's compensation has increased whilst company is loss making.
  • James's remuneration is about average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Boxlight management team in years:

3.1
Average Tenure
49.5
Average Age
  • The tenure for the Boxlight management team is about average.
Management Team

James Elliott

TITLE
Chairman & CEO
COMPENSATION
$430K
AGE
67
TENURE
5.2 yrs

Michael Pope

TITLE
President & Director
COMPENSATION
$428K
AGE
38
TENURE
4.3 yrs

Takesha Brown

TITLE
Chief Financial Officer
COMPENSATION
$224K
AGE
45
TENURE
1.7 yrs

Hank Nance

TITLE
Chief Operating Officer
COMPENSATION
$658K
AGE
46
TENURE
5.2 yrs

Lori Page

TITLE
Vice President of Global Marketing
COMPENSATION
$202K
AGE
53
TENURE
1.8 yrs

Pat Henry

TITLE
Executive Vice President of Sales
COMPENSATION
$331K
AGE
66

Matt Hunt

TITLE
Head of Sales for Europe
TENURE
0.8 yrs

Andy Pennington

TITLE
Managing Director of EMEA
Board of Directors Tenure

Average tenure and age of the Boxlight board of directors in years:

3.4
Average Tenure
58
Average Age
  • The tenure for the Boxlight board of directors is about average.
Board of Directors

James Elliott

TITLE
Chairman & CEO
COMPENSATION
$430K
AGE
67

Michael Pope

TITLE
President & Director
COMPENSATION
$428K
AGE
38
TENURE
5.2 yrs

Dale Strang

TITLE
Independent Director
COMPENSATION
$159K
AGE
58
TENURE
2.3 yrs

Jim Clark

TITLE
Independent Director
AGE
56
TENURE
0.1 yrs

Tiffany Kuo

TITLE
Non-Executive Director
AGE
30
TENURE
5.2 yrs

Rudy Crew

TITLE
Independent Director
COMPENSATION
$50K
AGE
67
TENURE
4.6 yrs

Harold Bevis

TITLE
Independent Director
COMPENSATION
$47K
AGE
59
TENURE
1.7 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
X
Management checks
We assess Boxlight'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. Boxlight 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.

BOXL News

Simply Wall St News

Does Boxlight (NASDAQ:BOXL) Have A Healthy Balance Sheet?

We note that Boxlight Corporation (NASDAQ:BOXL) does have debt on its balance sheet. … Boxlight has a market capitalization of US$30.0m, so it could very likely raise cash to ameliorate its balance sheet, if the need arose. … When analysing debt levels, the balance sheet is the obvious place to start.

Simply Wall St -

Is Boxlight Corporation's (NASDAQ:BOXL) Balance Sheet Strong Enough To Weather A Storm?

Investors are always looking for growth in small-cap stocks like Boxlight Corporation (NASDAQ:BOXL), with a market cap of US$29m. … However, an important fact which most ignore is: how financially healthy is the business? … the current state of its operations and pathway to profitability.

Simply Wall St -

How Much Are Boxlight Corporation (NASDAQ:BOXL) Insiders Taking Off The Table?

So shareholders might well want to know whether insiders have been buying or selling shares in Boxlight Corporation (NASDAQ:BOXL). … But logic dictates you should pay some attention to whether insiders are buying or selling shares. … So it may not tell us anything about how insiders feel about the current share price

Simply Wall St -

Do Institutions Own Boxlight Corporation (NASDAQ:BOXL) Shares?

Generally speaking, as a company grows, institutions will increase their ownership. … So it's nice to see some insider ownership, because it may suggest that management is owner-oriented. … Boxlight is a smaller company with a market capitalization of US$16m, so it may still be flying under the radar of many institutional investors.

Simply Wall St -

What does Boxlight Corporation's (NASDAQ:BOXL) Balance Sheet Tell Us About Its Future?

Boxlight Corporation (NASDAQ:BOXL) is a small-cap stock with a market capitalization of US$34m. … While investors primarily focus on the growth potential and competitive landscape of the small-cap companies, they end up ignoring a key aspect, which could be the biggest threat to its existence: its financial health. … Evaluating financial health as part of your investment thesis is

Simply Wall St -

What does Boxlight Corporation's (NASDAQ:BOXL) Balance Sheet Tell Us About Its Future?

Boxlight Corporation (NASDAQ:BOXL) is a small-cap stock with a market capitalization of US$52.00m. … While investors primarily focus on the growth potential and competitive landscape of the small-cap companies, they end up ignoring a key aspect, which could be the biggest threat to its existence: its financial health. … Companies operating in the Tech industry,

Simply Wall St -

What's The Cash Runway For Boxlight Corporation (NASDAQ:BOXL)?

Additional cash raising may dilute the value of your shares, and since Boxlight is currently burning more cash than it is making, it’s likely the business will need funding for future growth. … With a negative operating cash flow of -US$3.28M, Boxlight is chipping away at its US$448.35K cash reserves in order to run its business. … Not surprisingly, if Boxlight continues to ramp up expenditure at this rate for the upcoming year, it’ll likely need to come to market within the next few months, given the its current level of cash reserves.

Simply Wall St -

Is Boxlight Corporation (NASDAQ:BOXL) Overpaying Its CEO?

Performance can be measured based on factors such as earnings and total shareholder return (TSR). … Though no standard benchmark exists, since remuneration should account for specific factors of the company and market, we can determine a high-level thresold to see if BOXL deviates substantially from its peers. … Usually I would use earnings and market cap to account for variations in performance, however, BOXL's negative earnings lower the usefulness of my formula.

Simply Wall St -

What Does Boxlight Corporation's (NASDAQ:BOXL) Ownership Structure Look Like?

This size of ownership gives retail investors collective power in deciding on major policy decisions such as executive compensation, appointment of directors and acquisitions of businesses. … This level of ownership gives retail investors the power to sway key policy decisions such as board composition, executive compensation, and potential acquisitions. … Thus, potential investors should look into these business relations and check how it can impact long-term shareholder returns.Next Steps: Institutional ownership level and composition in BOXL is not high nor active enough to significantly impact its investment thesis.

Simply Wall St -

Is Boxlight Corporation's (NASDAQ:BOXL) Balance Sheet Strong Enough To Weather A Storm?

With this growth in debt, the current cash and short-term investment levels stands at US$456.50K for investing into the business. … Moreover, BOXL has generated cash from operations of US$2.37M during the same period of time, leading to an operating cash to total debt ratio of 30.47%, meaning that BOXL’s operating cash is sufficient to cover its debt. … Maintaining a high level of debt, while revenues are still below costs, can be dangerous as liquidity tends to dry up in unexpected downturns.Next Steps: Although BOXL’s debt level is towards the higher end of the spectrum, its cash flow coverage seems adequate to meet debt obligations which means its debt is being efficiently utilised.

Simply Wall St -

BOXL Company Info

Description

Boxlight Corporation, an education technology company, develops, sells, and services interactive classroom solutions for the education market worldwide. The company provides a range of interactive classroom technology products primarily targeted at the K-12 education market. Its products include interactive projectors, interactive flat panel displays, interactive touch projectors, touchboards, and MimioTeach that could turn any whiteboard interactive; and accessory document cameras, teacher pads for remote control, and assessment systems. The company also offers MimioStudio Interactive Instructional Software that enables the creation, editing, and presentation of interactive instructional lessons and activities; and MimioMobile, a software accessory for MimioStudio. In addition, it offers interactive touch tables and whiteboards; and peripherals and accessories, such as amplified speaker systems, mobile carts, installation accessories, and wall-mount accessories for interactive and standard projectors, and LED flat panels. Further, the company distributes interactive projectors and LED flat panels; and science, technology, engineering, and math data logging products. The company was formerly known as Logical Choice Corporation. Boxlight Corporation was incorporated in 2014 and is headquartered in Lawrenceville, Georgia.

Details
Name: Boxlight Corporation
BOXL
Exchange: NasdaqCM
Founded: 2014
$17,638,192
11,023,870
Website: http://investors.boxlight.com
Address: Boxlight Corporation
1045 Progress Circle,
Lawrenceville,
Georgia, 30043,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqCM BOXL Class A common stock Nasdaq Capital Market US USD 30. Nov 2017
Number of employees
Current staff
Staff numbers
54
Boxlight employees.
Industry
Technology Hardware, Storage and Peripherals
Tech
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/11/19 00:48
End of day share price update: 2019/11/18 00:00
Last estimates confirmation: 2019/11/16
Last earnings filing: 2019/11/12
Last earnings reported: 2019/09/30
Last annual earnings reported: 2018/12/31


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.