Fonar Financials

FONR Stock  USD 15.22  0.06  0.39%   
Based on the analysis of Fonar's profitability, liquidity, and operating efficiency, Fonar is performing exceptionally good at this time. It has a great probability to report excellent financial results in February. At this time, Fonar's Cash is relatively stable compared to the past year. As of 01/19/2025, Non Current Assets Total is likely to grow to about 89.3 M, though Net Debt is likely to grow to (12.5 M). Key indicators impacting Fonar's financial strength include:
Current ValueLast YearChange From Last Year 10 Year Trend
Return On Equity0.06020.0573
Sufficiently Up
Slightly volatile
Current Ratio7.437.07
Sufficiently Up
Slightly volatile
The financial analysis of Fonar is a critical element in measuring its lifeblood. Investors should not minimize Fonar's ability to pay suppliers or employees on time, ensuring interest payments are not accumulating.

Net Income

12.76 Million

  
Understanding current and past Fonar Financials, including the trends in assets, liabilities, equity and income are directly related to making proper and timely investing decisions. All of Fonar's financial statements are interrelated, with each one affecting the others. For example, an increase in Fonar's assets may result in an increase in income on the income statement.

Fonar Stock Summary

Fonar competes with Burning Rock, Sera Prognostics, Exagen, Castle Biosciences, and Sotera Health. FONAR Corporation, together with its subsidiaries, engages in the research, development, production, and marketing of magnetic resonance imaging scanners for the detection and diagnosis of human diseases in the United States. The company was incorporated in 1978 and is based in Melville, New York. Fonar Corp operates under Medical Devices classification in the United States and is traded on NASDAQ Exchange. It employs 484 people.
Specialization
Health Care, Health Care Equipment & Services
InstrumentUSA Stock View All
ExchangeNASDAQ Exchange
ISINUS3444374058
CUSIP344437405 344437108
LocationNew York; U.S.A
Business Address110 Marcus Drive,
SectorHealth Care Equipment & Supplies
IndustryHealth Care
BenchmarkDow Jones Industrial
Websitewww.fonar.com
Phone631 694 2929
CurrencyUSD - US Dollar

Fonar Key Financial Ratios

Fonar Key Balance Sheet Accounts

202020212022202320242025 (projected)
Total Assets189.5M199.3M200.6M214.2M246.4M258.7M
Other Current Liab4.8M6.3M5.5M6.7M6.1M9.7M
Net Debt(9.8M)(10.5M)(14.3M)(14.7M)(13.2M)(12.5M)
Retained Earnings(46.0M)(33.6M)(24.2M)(13.6M)(12.3M)(12.9M)
Accounts Payable1.9M1.6M1.6M1.9M1.7M2.8M
Cash44.5M48.7M51.3M56.3M64.8M68.0M
Net Receivables61.2M66.5M70.2M79.8M91.8M96.4M
Inventory1.7M2.4M2.6M2.7M2.4M2.9M
Other Current Assets1.2M1.1M1.6M1.3M1.2M1.8M
Total Liab54.1M53.1M49.8M57.5M66.1M34.4M
Total Current Assets108.6M118.7M125.7M140.3M161.4M169.4M
Short Term Debt7.6M8.2M8.3M3.7M3.4M3.0M
Intangible Assets4.0M3.7M3.4M2.9M2.6M2.5M
Other Liab3.1M3.3M2.3M1.3M1.2M1.4M
Other Assets22.2M19.5M15.2M11.3M13.0M10.0M
Long Term Debt760.3K155.4K115.1K66.9K60.2K57.2K
Common Stock676.0685.0695.0673.0605.7575.42
Net Tangible Assets118.1M130.1M142.3M150.2M172.7M181.4M

Fonar Key Income Statement Accounts

The reason investors look at the income statement is to determine what Fonar's earnings per share (EPS) will be in order to see if they want to buy more shares or not. For example, if a company earned $20 million in the last quarter and has 100,000 shares outstanding, its EPS is 20 cents. If you find that this number beats analysts' forecasts or is higher than it was from the same period last year, then you might want to buy more of this stock even though its price per share may not have changed.
202020212022202320242025 (projected)
Interest Expense248.7K346.6K50.1K77.0K69.3K65.8K
Total Revenue89.9M97.6M98.6M102.9M118.3M124.2M
Gross Profit43.5M47.0M45.7M45.1M51.9M54.5M
Operating Income17.1M22.0M14.8M16.5M19.0M20.0M
Ebit17.9M23.1M15.8M19.3M22.2M23.4M
Research Development1.6M1.5M1.6M1.7M1.6M2.8M
Ebitda23.5M31.7M24.6M28.3M32.5M34.1M
Cost Of Revenue46.5M50.6M52.9M57.7M66.4M69.7M
Income Before Tax17.7M22.8M15.8M19.3M22.2M23.3M
Net Income13.7M17.2M9.4M10.6M12.2M12.8M
Income Tax Expense4.0M5.5M3.6M5.2M4.7M4.9M
Minority Interest(3.0M)(4.8M)(2.8M)(3.5M)(3.2M)(3.0M)
Tax Provision4.0M5.5M3.6M5.2M5.9M6.2M
Net Interest Income(248.7K)(346.6K)(50.1K)(77.0K)(69.3K)(72.8K)

Fonar Key Cash Accounts

202020212022202320242025 (projected)
Change To Inventory(14.6K)(696.4K)(209.8K)(145.8K)(167.6K)(159.3K)
Change In Cash7.7M4.3M2.6M5.1M5.8M6.1M
Free Cash Flow14.3M10.7M10.1M13.3M15.3M16.0M
Depreciation5.5M8.5M8.8M8.9M10.2M10.8M
Other Non Cash Items7.5M642.8K(23.9M)4.8M5.5M5.8M
Capital Expenditures4.8M4.6M4.3M822.8K946.3K899.0K
Net Income13.7M17.2M12.1M10.6M12.2M12.8M
End Period Cash Flow44.5M48.7M51.3M56.3M64.8M68.0M
Change To Netincome9.8M14.6M4.4M11.5M13.2M13.8M
Net Borrowings660.2K(40.3K)(37.2K)(36.6K)(33.0K)(31.3K)
Investments(293.0)(149.0)(4.3M)(850.7K)(978.3K)(1.0M)

Fonar Financial Ratios Relationships

Comparative valuation techniques use various fundamental indicators to help in determining Fonar's current stock value. Our valuation model uses many indicators to compare Fonar value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Fonar competition to find correlations between indicators driving Fonar's intrinsic value. More Info.
Fonar is rated # 2 in return on equity category among its peers. It also is rated # 2 in return on asset category among its peers reporting about  0.54  of Return On Asset per Return On Equity. The ratio of Return On Equity to Return On Asset for Fonar is roughly  1.84 . At this time, Fonar's Return On Equity is relatively stable compared to the past year. Comparative valuation analysis is a catch-all technique that is used if you cannot value Fonar by discounting back its dividends or cash flows. It compares the stock's price multiples to nearest competition to determine if the stock is relatively undervalued or overvalued.

Fonar Systematic Risk

Fonar's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Fonar volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The function did not generate any output. Please change time horizon or modify your input parameters. The output start index for this execution was one with a total number of output elements of sixty. The Beta measures systematic risk based on how returns on Fonar correlated with the market. If Beta is less than 0 Fonar generally moves in the opposite direction as compared to the market. If Fonar Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Fonar is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Fonar is generally in the same direction as the market. If Beta > 1 Fonar moves generally in the same direction as, but more than the movement of the benchmark.
Today, most investors in Fonar Stock are looking for potential investment opportunities by analyzing not only static indicators but also various Fonar's growth ratios. Consistent increases or decreases in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's growth growth rates may not be enough to decide which company is a better investment. That's why investors frequently use static breakdown of Fonar growth as a starting point in their analysis.

Price Earnings To Growth Ratio

0.52

At this time, Fonar's Price Earnings To Growth Ratio is relatively stable compared to the past year.

Fonar January 19, 2025 Opportunity Range

Along with financial statement analysis, the daily predictive indicators of Fonar help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Fonar. We use our internally-developed statistical techniques to arrive at the intrinsic value of Fonar based on widely used predictive technical indicators. In general, we focus on analyzing Fonar Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Fonar's daily price indicators and compare them against related drivers.

Additional Tools for Fonar Stock Analysis

When running Fonar's price analysis, check to measure Fonar's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Fonar is operating at the current time. Most of Fonar's value examination focuses on studying past and present price action to predict the probability of Fonar's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Fonar's price. Additionally, you may evaluate how the addition of Fonar to your portfolios can decrease your overall portfolio volatility.