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No institutional (13F) filings cover this company, so the Overview and 13F tabs are thin. Everything drawn from its SEC filings is here.
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Ranked against 18 sector peers with collected financials. Valuation from latest close × latest fiscal-year fundamentals; 13F conviction as of 2026-06-30.
Percentile is “goodness” within the peer set (100 = best). For valuation and leverage that means cheaper / less-levered ranks higher.
| Company | Mkt cap ▼ | P/E | EV/EBITDA | P/S | Rev gr | Gross | Net | ROE | ROIC | Net D/EBITDA | 13F |
|---|---|---|---|---|---|---|---|---|---|---|---|
| VREX | $784M | — | — | 0.9× | 4.1% | 34.4% | -8.3% | -14.9% | -8.4% | — | 181 |
| CSIQ | $773M | — | 13.0× | 0.1× | -6.6% | 18.3% | -1.9% | -3.7% | -0.9% | 11.8× | 168 |
| DQ | $744M | — | — | 1.1× | -35.3% | -20.7% | -25.6% | -3.9% | -3.9% | — | 116 |
| KE | $688M | 25.4× | 6.8× | 0.5× | -3.7% | 8.2% | 2.0% | 4.8% | 4.0% | 0.3× | 165 |
| INDI | $603M | — | — | 2.8× | 0.3% | 39.9% | -65.8% | -40.0% | -20.1% | — | 223 |
| MEI | $554M | — | 10.9× | 0.5× | -2.8% | 19.8% | -3.5% | -5.3% | -3.6% | 2.7× | 146 |
| NVEC | $551M | 36.3× | 33.5× | 20.9× | 1.8% | 78.7% | 57.7% | 26.1% | 26.1% | -0.1× | 132 |
| LAES | $475M | — | — | 26.0× | 66.2% | 47.3% | -187% | -7.4% | -7.4% | — | 112 |
| JKS | $465M | — | — | 0.1× | -25.9% | 2.2% | -6.8% | -28.3% | -28.3% | — | 115 |
| MRAM | $401M | — | — | 7.3× | 9.5% | 51.2% | -1.1% | -0.9% | -0.8% | — | 125 |
| MPTI | $307M | 27.0× | 25.1× | 5.6× | 11.0% | — | 15.5% | 13.4% | 13.4% | -1.8× | 118 |
| MX | $233M | — | — | 1.3× | -8.9% | 17.6% | -16.6% | -12.0% | -10.1% | — | 78 |
| ALMU | $220M | — | — | 49.4× | -4.4% | 35.2% | -205% | -16.1% | -16.1% | — | 102 |
| QUIK | $199M | — | — | 14.4× | -29.9% | 22.0% | -108% | -65.9% | -58.2% | — | 99 |
| VLN | $187M | — | — | 2.6× | 22.1% | 62.4% | -44.7% | -30.1% | -30.1% | — | — |
| GSIT | $185M | — | — | 7.3× | 22.4% | 54.5% | -52.7% | -16.2% | -16.2% | — | 88 |
| ESP | $172M | 19.9× | 17.9× | 3.9× | 13.5% | 28.9% | 18.5% | 16.0% | 16.0% | -2.2× | 76 |
| KULR | $114M | — | — | 7.0× | 50.6% | 4.8% | -383% | -50.9% | -50.9% | — | 91 |
| BNSOF | $11M | — | — | 0.8× | -5.1% | 48.1% | -18.6% | -18.0% | -15.1% | — | — |
Peers = companies sharing BNSOF's sector (Electronic Components, NEC) with collected SEC financials. Multiples use the most recent end-of-day close and latest fiscal-year fundamentals (trailing, not forward). Missing cells mean the peer never reported that line item, has no collected price, or has a non-positive denominator. Not investment advice.
Solve the discounted cash flow backwards, then stress-test the assumptions.
Average free cash flow across the last 2 positive fiscal years (FY2020, FY2021). Smooths the cycle. Stock compensation is NOT charged — it is added back inside operating cash flow.
To be worth $2.28 today, the market must believe free cash flow compounds -11.2%/yr for a decade (off $1.1M on the 3-yr avg basis).
Default is 7.9% — this company's computed cost of capital (computed WACC), the same rate the Analysis tab discounts at.
2-stage DCF · 0.00B shares (market data) · net debt -$3.8M
Today's price is outside this grid at every discount rate shown — the assumptions it requires lie beyond the plotted range, which is itself the finding.
mean -89.9% · volatility σ 157% · implied rate exceeded in 2/5 yrs
Central path = implied -11.2%/yr growth; shaded band = ±1σ (157%) of this company's historical FCF volatility, widening with time. The wider the band, the less certain the growth.
Reverse DCF: rather than guessing a fair value, we solve for the growth the current price implies, then you stress-test the assumptions. Enterprise value of the FCF stream, less net debt, ÷ shares. Educational — not a recommendation.
What the company returns to shareholders — and whether it's covered by cash.
No dividend to cover. Last year: $0 dividends + $0 buybacks = $0 returned on -$3.2M FCF.
Yields use the latest fiscal-year dividends/buybacks over current market cap. Dividends and buybacks from the SEC cash-flow statement; payout coverage vs net income and free cash flow. Educational — not a recommendation.
How management deployed cash over 10 years — and what it earned on reinvestment.
A balanced mix of reinvestment and shareholder returns.
Operating income fell despite reinvestment — a warning on capital productivity. Current ROIC on all capital: -15%. Rough measure (includes maintenance capex).
Cash uses aggregated from the SEC cash-flow statement over 10 fiscal years. "Return on reinvestment" is a rough proxy — operating-income change ÷ cumulative CapEx + M&A — and includes maintenance capex. Educational — not a recommendation.
EOD close · as of 2026-10-12
How a revenue dollar becomes profit — FY2022
Dividends and buybacks are cash paid out, shown here against the same year's profit for scale — not funded from it.
Each value shows its share of revenue below it (common-size).
| Line Item | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2016 | FY2015 | FY2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $14.8M 100.0% | $15.6M 100.0% | $13.1M 100.0% | $10.0M 100.0% | $11.5M 100.0% | $19.0M 100.0% | $25.4M 100.0% | $28.9M 100.0% | $28.9M 100.0% | $31.3M 100.0% |
| Cost of Revenue | $7.7M 51.9% | $5.9M 38.1% | $5.7M 43.4% | $6.0M 60.4% | $7.0M 60.4% | $11.3M 59.5% | $17.1M 67.3% | $23.1M 79.8% | $23.1M 79.8% | $28.6M 91.5% |
| Cost of Products | — | — | — | — | $7.0M 60.4% | $11.3M 59.5% | $17.1M 67.3% | $23.1M 79.8% | $23.1M 79.8% | $28.6M 91.5% |
| Gross Profit | $7.1M 48.1% | $9.7M 61.9% | $7.4M 56.6% | $4.0M 39.6% | $4.6M 39.6% | $7.7M 40.5% | $8.3M 32.7% | $5.9M 20.2% | $5.9M 20.2% | $2.7M 8.5% |
| Research & Development | $237K 1.6% | $229K 1.5% | $213K 1.6% | $175K 1.8% | $152K 1.3% | $158K 0.8% | $200K 0.8% | $228K 0.8% | $228K 0.8% | $366K 1.2% |
| Selling, General & Admin | $9.5M 64.4% | $8.9M 57.2% | $7.5M 57.1% | $4.6M 46.1% | $4.7M 40.5% | $5.1M 26.7% | $3.5M 13.8% | $3.2M 11.2% | $3.2M 11.2% | $3.0M 9.5% |
| Operating Income | -$2.2M -15.0% | $1.2M 7.7% | $362K 2.8% | -$540K -5.4% | $238K 2.1% | $3.2M 16.7% | $3.3M 13.0% | $462K 1.6% | $462K 1.6% | $295K 0.9% |
| Interest Expense | $118K 0.8% | $125K 0.8% | $114K 0.9% | $116K 1.2% | $62K 0.5% | $0 0.0% | $113K 0.4% | $273K 0.9% | $273K 0.9% | $136K 0.4% |
| Interest & Investment Income | $82K 0.6% | $140K 0.9% | $175K 1.3% | $237K 2.4% | $191K 1.7% | $8K 0.0% | — | — | — | — |
| Other Income (Expense), net | -$131K -0.9% | -$49K -0.3% | $36K 0.3% | $77K 0.8% | -$234K -2.0% | $229K 1.2% | — | — | — | — |
| Pretax Income | -$626K -4.2% | $626K 4.0% | $0 0.0% | $0 0.0% | $0 0.0% | -$595K -3.1% | $0 0.0% | -$13K -0.0% | -$13K -0.0% | — |
| Income Tax Expense | -$411K -2.8% | $614K 3.9% | $0 0.0% | $0 0.0% | $0 0.0% | -$600K -3.2% | -$310K -1.2% | $1.0M 3.6% | $1.0M 3.6% | — |
| Net Income | -$2.8M -18.6% | $1.8M 11.4% | $398K 3.0% | -$463K -4.6% | $4K 0.0% | $2.8M 14.7% | $2.9M 11.3% | $1.1M 3.8% | $1.1M 3.8% | -$221K -0.7% |
| Per Share | ||||||||||
| EPS (Basic) | -$0.57 | $0.36 | $0.09 | $0.10 | $0.00 | $0.54 | $0.55 | — | $0.21 | — |
| EPS (Diluted) | -$0.57 | $0.34 | $0.08 | $0.10 | $0.00 | $0.53 | $0.55 | — | $0.21 | — |
| Weighted Avg Shares (Basic) | 4.9M | 4.9M | 4.6M | 4.7M | 4.9M | 5.1M | 5.2M | — | 5.2M | — |
| Weighted Avg Shares (Diluted) | 4.9M | 5.1M | 4.8M | 4.7M | 5.3M | 5.3M | 5.2M | — | 5.2M | — |
Source: SEC EDGAR XBRL filings (annual, fiscal year). Quarterly flow items are derived from cumulative filings; balance-sheet figures are as-of each period end. Ratios and margins are computed, not reported.
How much the company owes, how it's trended, and how comfortably it's serviced.
Green ≤ 1.5× · amber ≤ 3× · red > 3× (leverage relative to cash earnings).
Thin coverage — earnings barely cover interest. Effective rate ~4.0% on $2.9M of debt.
Cash vs short-term debt unavailable.
Mostly long-term debt (balance-sheet current vs non-current split). A year-by-year maturity schedule wasn't disclosed for this issuer.
Debt, cash, interest and equity from the SEC balance sheet & income statement. Effective rate = interest ÷ average debt. Educational — not a recommendation.
Total return (dividends reinvested) vs the market, from quarter-end prices.
Above 0 = ahead of the S&P 500 since the window start; below 0 = behind. Rising means it's pulling ahead.
How far the stock fell below its prior peak. Deeper, longer drawdowns = a rougher ride to the same return.
Quarter-end, dividend-adjusted (total return). Beta & volatility from quarterly returns (annualized). Benchmark is the S&P 500 (SPY total return). Annual returns compound the quarters ending in each calendar year; the first and last years in a window may be partial. Past performance doesn't predict future results.
EOD close · as of 2026-10-12
Where each multiple sits in its own 15-yr range · 64th pct blended
Dot = today · shaded = middle 50% · line = median. Lower percentile = cheaper vs its own 15-yr history.
Is the profit real, and how strong is the balance sheet?
FY2022 · every deduction from revenue to net income
DuPont — the three levers
ROE -18% against ROIC -15% — -3% of the return on equity comes from leverage and buybacks rather than from the operating business.
Equity is the year-end figure. On average equity over the two year-ends, ROE is -16.9% — the two diverge when buybacks or issuance move equity during the year.
What the company owes vs. what it holds
This shows debt/cash structure and net leverage. The year-by-year maturity schedule is on the Debt & Leverage tab.
Latest year: profit growth vs revenue growth
High operating leverage: profit moved 56.1× as fast as sales — great in an upturn, painful in a downturn.
Each line as % of revenue — the trend in color
| % of revenue | FY2016 | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 |
|---|---|---|---|---|---|---|---|---|
| Cost of Revenue | 79.8 | 67.3 | 59.5 | 60.4 | 60.4 | 43.4 | 38.1 | 51.9 |
| Gross Profit | 20.2 | 32.7 | 40.5 | 39.6 | 39.6 | 56.6 | 61.9 | 48.1 |
| R&D | 0.8 | 0.8 | 0.8 | 1.3 | 1.8 | 1.6 | 1.5 | 1.6 |
| SG&A | 11.2 | 13.8 | 26.7 | 40.5 | 46.1 | 57.1 | 57.2 | 64.4 |
| Operating Income | 1.6 | 13.0 | 16.7 | 2.1 | -5.4 | 2.8 | 7.7 | -15.0 |
| Income Tax | 3.6 | -1.2 | -3.2 | 0.0 | 0.0 | 0.0 | 3.9 | -2.8 |
| Net Income | 3.8 | 11.3 | 14.7 | 0.0 | -4.6 | 3.0 | 11.4 | -18.6 |
Green = margin-favorable vs the row's own range · red = unfavorable.
The metrics that matter, over time
A 30-second read on BNSOF: price, valuation and headline fundamentals from SEC filings. The four questions at the top of the page are where the judgements live.
Earns -20.9pts against its cost of capital — capital is being consumed, not created.
| Period | ROIC | Cost of capital | Spread |
|---|---|---|---|
| FY2016 | 19.8% | 7.9% (today's — no rate published for this year) | 11.8pts |
| FY2017 | 18.0% | 7.9% (today's — no rate published for this year) | 10.0pts |
| FY2018 | 1.5% | 7.9% (today's — no rate published for this year) | -6.4pts |
| FY2019 | -3.7% | 7.9% (today's — no rate published for this year) | -11.6pts |
| FY2020 | 2.9% | 7.9% (today's — no rate published for this year) | -5.0pts |
| FY2021 | 7.9% | 7.9% (today's — no rate published for this year) | -0.0pts |
| FY2022 | -13.0% | 6.7% | -19.6pts |
| Now | -15.1% | 7.9% | -23.0pts |
| Fiscal year | Gross margin | Operating margin | Net margin |
|---|---|---|---|
| FY2015 | 8.5% | 0.9% | -0.7% |
| FY2015 | 20.2% | 1.6% | 3.8% |
| FY2016 | 20.2% | 1.6% | 3.8% |
| FY2016 | 32.7% | 13.0% | 11.3% |
| FY2017 | 40.5% | 16.7% | 14.7% |
| FY2018 | 39.6% | 2.1% | 0.0% |
| FY2019 | 39.6% | -5.4% | -4.6% |
| FY2020 | 56.6% | 2.8% | 3.0% |
| FY2021 | 61.9% | 7.7% | 11.4% |
| FY2022 | 48.1% | -15.0% | -18.6% |
Return on equity is 3 points BELOW the return on invested capital, which means the equity base is carrying capital the operations are not earning on — usually cash, goodwill, or a recent raise.
ROE is on average equity; ROIC is NOPAT over average invested capital (debt plus equity less excess cash). The gap is not a single adjustment.
ROIC ex-goodwill is -12.97% against -12.97% reported — the return is earned on a capital base inflated by what was paid for acquisitions, not by the operating business alone.
Converts 122.11x of reported profit into free cash flow over 5 years, with accruals negative.
Shares outstanding are up 13% since FY2016 — per-share cash flow has grown more slowly than the totals above, and the gap is the owners'.
Missing from our data, so excluded from this answer: share_based_compensation.
Debt is present but there is no positive EBITDA or no reported interest expense, so coverage cannot be measured.
Balance sheet at 2022-03-31. Undrawn revolving credit is not shown: the tag is collected but not yet mapped through to the API.
No material counter-signal in the checked set: net debt / EBITDA, interest coverage, stressed coverage, maturity schedule vs cash and one year of FCF, liquidity ratios.
Missing from our data, so excluded from this answer: ebitda, interest_expense.
At $2.28, free cash flow must compound -10.94%/yr for 10 years. It has no positive compounding record to compare against.
| Fiscal year | FCF growth | Price requires |
|---|---|---|
| FY2017 | −5.8% | −10.9% |
| FY2018 | −15.2% | −10.9% |
| FY2019 | −123.2% | −10.9% |
| FY2021 | 43.0% | −10.9% |
| FY2022 | −348.2% | −10.9% |
The implied rate has been matched or beaten in 2 of the last 5 years.
| Step | Amount | Running total |
|---|---|---|
| Net income | −$3M | −$3M |
| Share-based comp | not reported | not reported |
| Other non-cash & working capital | $778,000 | −$2M |
| Operating cash flow | −$2M | −$2M |
| Capex | −$1M | −$3M |
| Free cash flow | −$3M | −$3M |
| Fiscal year | Revenue growth | Receivables growth | Gap |
|---|---|---|---|
| FY2017 | -25.3% | not reported | not reported |
| FY2018 | -39.2% | not reported | not reported |
| FY2019 | -13.3% | not reported | not reported |
| FY2020 | 31.1% | not reported | not reported |
| FY2021 | 19.0% | not reported | not reported |
| FY2022 | -5.1% | not reported | not reported |
| Fiscal year | Accruals / assets |
|---|---|
| FY2016 | -4.3 percent |
| FY2017 | -1.7 percent |
| FY2018 | -11.2 percent |
| FY2019 | -2.1 percent |
| FY2020 | -3.1 percent |
| FY2021 | -0.8 percent |
| FY2022 | -3.3 percent |