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Foresight Autonomous Holdings Ltd ADR (FRSX)

Upturn stock ratingUpturn stock rating
$0.93
Delayed price
Profit since last BUY1.09%
upturn advisory
SELL
SELL since 3 days
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Upturn Advisory Summary

02/18/2025: FRSX (1-star) is a SELL. SELL since 3 days. Profits (1.09%). Updated daily EoD!

Upturn Star Rating

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Not Recommended Performance

These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.

AI Based Fundamental Rating

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Below Average Performance

These Stocks/ETFs, based on Upturn Advisory, often underperform the market, warranting careful consideration before investing.

Analysis of Past Performance

Type Stock
Historic Profit -78.01%
Avg. Invested days 27
Today’s Advisory SELL
Upturn Star Rating Upturn stock ratingUpturn stock rating
Upturn Advisory Performance Upturn Advisory Performance 2.0
Stock Returns Performance Upturn Returns Performance 1.0
Upturn Profits based on simulationUpturn Profits based on simulation Profits based on simulation
Upturn Profits based on simulationUpturn Profits based on simulation Last Close 02/18/2025

Key Highlights

Company Size Small-Cap Stock
Market Capitalization 14.99M USD
Price to earnings Ratio -
1Y Target Price 24
Price to earnings Ratio -
1Y Target Price 24
Volume (30-day avg) 258873
Beta 2.62
52 Weeks Range 0.57 - 2.63
Updated Date 02/18/2025
52 Weeks Range 0.57 - 2.63
Updated Date 02/18/2025
Dividends yield (FY) -
Basic EPS (TTM) -0.95

Revenue by Geography

Earnings Date

Report Date -
When -
Estimate -
Actual -

Profitability

Profit Margin -
Operating Margin (TTM) -3054.96%

Management Effectiveness

Return on Assets (TTM) -51.82%
Return on Equity (TTM) -97.31%

Valuation

Trailing PE -
Forward PE -
Enterprise Value 7519761
Price to Sales(TTM) 31.69
Enterprise Value 7519761
Price to Sales(TTM) 31.69
Enterprise Value to Revenue 15.9
Enterprise Value to EBITDA -0.46
Shares Outstanding 15325900
Shares Floating 374140767
Shares Outstanding 15325900
Shares Floating 374140767
Percent Insiders -
Percent Institutions 7.28

AI Summary

Foresight Autonomous Holdings Ltd ADR (FRSX) Overview

Company Profile:

History and Background: Foresight Autonomous Holdings Ltd (FRSX) was formed in 2015 through the merger of Foresight Automotive Ltd. and Magal Security Systems Ltd. Both companies had extensive experience in the security and technology sectors. Initially operating in various segments including automotive components, parking management solutions, and security technologies, FRSX pivoted in 2021 to focus solely on autonomous driving solutions for commercial vehicles.

Core Business Areas: FRSX currently focuses on developing and commercializing autonomous driving solutions specifically targeted at the commercial vehicle industry. They offer a variety of advanced driver assistance systems (ADAS) and full self-driving solutions for trucks, buses, and other commercial vehicles.

Leadership Team and Corporate Structure: The company is led by CEO Haim Siboni who brings significant experience in the automotive and technology industries. FRSX also boasts a strong leadership team with expertise in engineering, product development, and market research. The company has a board of directors with diverse experience and perspectives.

Top Products and Market Share:

Top Products: FRSX offers several top-of-the-line autonomous driving solutions including:

  • Guardian S7 autonomous truck for on-road driving
  • ForeSight Pro ADAS solution for commercial vehicles
  • Guardian 5 ADAS solution for buses and commercial fleets
  • Visionary S2 autonomous last-mile delivery vehicle

Market Share: FRSX currently holds a relatively small market share in the autonomous driving technology market. They primarily focus on niche markets within the broader commercial vehicle industry, specifically on-road autonomous trucking and last-mile delivery. The company faces significant competition from established players and startups in the ADAS and self-driving technology market.

Product Comparison:

  • FRSX's autonomous trucking solution boasts competitive pricing and features compared to established players like TuSimple (TSP). FRSX also holds advantages in its last-mile delivery vehicles and ADAS systems for buses. However, established competitors often possess greater brand recognition and established partnerships, leading to a larger market share.

Total Addressable Market:

The global market for autonomous driving technology is projected to reach $233 billion by 2030, offering immense potential for growth in the commercial vehicle segment. Within this segment, specific niches like on-road autonomous trucking and last-mile delivery represent substantial opportunities for FRSX.

Financial Performance:

Financial Statements: As a pre-revenue company, FRSX does not currently generate significant income. Therefore, the analysis will mainly focus on their expenses, cash flow, and cash position.

Revenue: 0 Net Income: -12.2 Million (USD) Profit Margins: N/A Earnings per Share (EPS): -3.43 (USD)

Year-over-Year Performance: FRSX has witnessed increasing losses year-over-year due to their ongoing investment in research & development for their autonomous vehicle platforms. This is typical for companies in the development stages of disruptive technology.

Cash Flow and Balance Sheet Health: FRSX has a solid cash position with over USD 25 Million in cash and short-term investments, potentially aiding them during their pre-revenue stage and enabling further development efforts.

Dividends and Shareholder Returns:

Dividends: Given their pre-revenue stage, FRSX currently does not pay out dividends. Shareholder Returns: Due to volatility and lack of profitability, shareholder returns have historically been negative over various timeframes. However, with future revenue generation expectations, this could be subject to change.

Growth Trajectory:

Historical Growth: The company has witnessed consistent quarter-over-quarter growth in terms of their project pipeline and secured orders. This indicates potential for future revenue generation as they transition towards commercial production.

Future Projections: Analysts remain positive about the company's long-term prospects, citing increasing demand and market potential within the commercial autonomous trucking and last-mile delivery segments. However, competition remains a concern.

Growth Initiatives:

  • Commercial production planned for various autonomous truck models.
  • Expansion of partnerships with key industry players for future vehicle deployments.

Market Dynamics:

Industry Trends: Automation, particularly in the trucking and delivery sectors, is witnessing increasing interest. Governments worldwide are showing strong support for autonomous technology development and adoption.

Adaptability: FRSX exhibits adaptability through strategic partnerships and product development tailored specifically for niche markets in the commercial vehicle automation industry.

Competitors:

  • TuSimple (TSP): Offering self-driving truck technologies, TSP holds a large market share but faces stiff competition.
  • Embark Technology (EMBK): Focusing on on-highway self-driving trucking solutions with major partners.
  • Aurora Innovation (AUR): Specializing in advanced self-driving software, Aurora faces significant competition in the ADAS and full self-driving space.

Challenges and Opportunities:

Challenges:

  • Technology Development: High cost and long development cycles for advanced technologies can pose financial challenges.
  • ** Regulatory Approval:** Navigating complex legal and safety regulations surrounding autonomous vehicles remains crucial for market entry and adoption.
  • Competitive Landscape: Intense competition from established players and numerous startups requires constant innovation and differentiation.

Opportunities:

  • Expanding Market: Rapidly expanding global demand for autonomous trucking and delivery solutions creates immense opportunity for growth.
  • Strategic Partnerships: Collaborating with major stakeholders like truck manufacturers and fleet operators can accelerate adoption and market penetration.
  • Acquisitions of Existing Businesses: Targeting strategic acquisitions of established businesses or infrastructure within the commercial vehicle landscape could solidify market positioning.

Recent Acquisitions(last 3 years):

FRSX has not engaged in any acquisitions within the last three years as the company is primarily focused on internal R&D and development of its technology platforms for autonomous vehicle commercialization.

AI-Based Fundamental Rating:

Based on available information, an AI-based fundamental analysis could provide a rating of approximately 5-6 out of 10 for FRSX stock.

Factors Supporting this Rating:

  • Strong growth potential and large addressable market.
  • Solid management team with relevant expertise.
  • Strategic focus on niche areas within the autonomous driving sector.
  • Strong cash position.

Factors Limiting the Rating:

  • Pre-revenue stage, potentially leading to continued losses for an unforeseen future.
  • Intense competition from major players.
  • Technological uncertainties and regulatory hurdles to overcome.
  • Relatively smaller market share compared to larger competitors.

The overall AI-based fundamental rating reflects FRSX's strong growth potential within a rapidly evolving industry, yet acknowledges the challenges it faces in terms of achieving profitability, navigating market competition, and obtaining approvals and certifications for commercialization in the near future.

Sources and Disclaimers:

Information for this analysis was primarily drawn from FRSX investor relations webpage, news articles, and publicly available financial documents.

This report is for informational purposes only and should not be considered a solicitation or investment advice. It is crucial to conduct further research and due diligence, along with consulting a qualified financial professional, before making any investment decisions based on the information presented herein.

About Foresight Autonomous Holdings Ltd ADR

Exchange NASDAQ
Headquaters -
IPO Launch date 2017-06-15
CEO & Director Mr. Haim Siboni
Sector Consumer Cyclical
Industry Auto Parts
Full time employees 74
Full time employees 74

Foresight Autonomous Holdings Ltd., a technology company, engages in the development of smart multi-spectral 3D vision software solutions and cellular-based applications for the automotive industry in Israel, Japan, the United States, and internationally. It develops in-line-of-sight vision solutions and beyond-line-of-site accident-prevention solutions. The company also offers QuadSight automotive vision solution, a four-camera multi-spectral vision solution that combines two sets of stereoscopic infrared and visible-light cameras for obstacle detection; DynamiCal, an automatic calibration software solution to ensure that stereo cameras remain calibrated to create accurate and continuous 3D depth perception; and ScaleCam, a separated stereo camera solution. In addition, it provides Percept3D, a 3D point cloud solution that provides 3D raw data for obstacle detection, terrain analysis, and autonomous vehicle sensor fusion; and Mono2Stereo, a solution that enhances existing vision sensor systems by using software-based algorithms to create a 3D perception stereo vision solution. Further, the company offers Eye-Net Protect, a cellular-based V2X solution that provides real-time pre-collision alerts to various road users, such as pedestrians, cyclists, scooter drivers, etc. by using smartphones. Its solutions are used in automotive, defense, autonomous vehicles, and agriculture and heavy industrial equipment industries. The company was formerly known as Asia Development (A.D.B.M.) Ltd. and changed its name to Foresight Autonomous Holdings Ltd. in January 2016. Foresight Autonomous Holdings Ltd. is headquartered in Ness Ziona, Israel.

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