RF Industries Ltd logo

RF Industries Ltd(RFIL)

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ADVISORIES YOU CAN VERIFY
QUALITY SIGNAL
1-STAR RATING
PASS
LAST CLOSE
$8.28
09/25/2026
(24-hour delay)

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*as per simulation (see disclosures)
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Upturn Advisory & Investor View for RFIL

09/25/2026: RFIL (1-star) is currently NOT-A-BUY. Pass it for now.

RF Industries Ltd is a specialized manufacturer and supplier of interconnect products and custom cable assemblies for the telecommunications and industrial markets. The company has a stable, value-oriented profile known for its ability to integrate niche acquisitions to expand its product range. Its primary growth opportunity lies in the continued build-out of 5G and fiber network infrastructure, alongside expanding defense applications. However, investors should monitor risks related to revenue concentration in cyclical infrastructure spending and competition from larger, global players. The stock may best suit value and dividend-focused investors seeking exposure to niche electronic components, provided they remain aware of the company's sensitivity to sector-specific economic cycles.

How to Read the Upturn Advisory

The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.

Company fundamentals, valuation, risks, and news provide supporting context about the business.

Investor Fit

Investor styleFitWhy
Growth investorMixed fitThe company's growth is often cyclical and linked to specific infrastructure projects rather than consistent high-growth secular trends.
Momentum investorWeak fitThe stock typically exhibits lower trading volume and lacks the rapid upward price trends required for momentum strategies.
Value investorStrong fitThe company often trades at valuations that reflect its small-cap status and consistent, albeit cyclical, cash generation.
Dividend investorStrong fitThe company maintains a commitment to consistent dividend payouts, making it suitable for income-focused portfolios.
Low-risk investorMixed fitWhile the business is established, small-cap volatility and sector concentration risks make it less suitable for ultra-conservative portfolios.

Risk Profile

Risk factorLevelWhy it matters
Price volatilityMedium / highSmall-cap stocks in the hardware sector often experience significant price swings based on low trading liquidity.
Valuation riskMediumWhile often reasonably priced, the stock can experience valuation compression if growth targets are missed.
Competition risk (Commoditization)HighIntense pricing pressure from large-scale manufacturers can erode margins for standard interconnect products.
Business qualityMediumThe company is a stable niche player, though it lacks the competitive moats associated with larger global franchises.
Dividend incomeMediumDividends are reliable but can be affected by the company's capital allocation priorities and cyclical revenue.
Execution riskMediumSuccess depends heavily on the integration of acquired businesses and efficient management of a diverse product set.

Price Behavior

Rolling Over
PRICE PATH

Rolling Over

The price momentum is slowing down and beginning to turn downward.

Extreme Price Shocks
PRICE STABILITY

Extreme Price Shocks

The stock has experienced exceptionally large and disruptive price movements during the period.

Analysis of Past Performance

Type Stock
Historic Profit 52.83%
Avg. Invested days 37
Today’s Advisory PASS
Upturn Advisory Rating upturn star rating icon
Upturn Advisory Performance Upturn Advisory Performance icon 2.0
Stock Returns Performance Upturn Returns Performance icon 3.0
Upturn Profits based on simulation icon Profits based on simulation
Upturn last close icon Last Close 09/25/2026

Upturn Scorecard

Upturn Star Rating

★★★★★
RFIL receives a 3-star rating, supported by solid company fundamentals, and solid analyst coverage. The rating is constrained by soft unit economics, and weak price momentum.

Company Fundamentals

★★★★★
RFIL has solid overall fundamentals (4 stars), with moderate financial health, solid growth momentum, and solid ownership. In FY2025 versus FY2024, strong earnings growth (+101.1%) and solid cash generation (FCF margin 5.4%) are partially offset by soft profitability (net margin 0.1%).

Financial Health Rating

★★★★★
RFIL's financial health is supported by solid cash strength, including free-cash-flow generation (5.4% of revenue). Profitability is soft (2 stars), which helps explain the 3-star overall score.

Growth Momentum Score

★★★★★
Earnings growth is RFIL's strongest growth driver at +101.1% FY2025 versus FY2024 (strong, 5 stars). Revenue growth (+24.3%, solid) and free-cash-flow growth (+79.0%, strong) are also constructive, though not equally high across every growth measure.

Ownership

★★★★★
Institutional ownership is 48.4% and approximately 77.4% of outstanding shares are publicly tradable, supporting liquidity and institutional participation. Insider ownership of 18.27% supports management-shareholder alignment.

Top 5 Institutional Investors

Punch & Associates Inv Mgmt Inc 5.42%
Renaissance Technologies Corp 4.56%
Vanguard Capital Management, LLC 3.25%
Marshall Wace Asset Management Ltd 2.78%
Dimensional Fund Advisors, Inc. 1.89%

Unit Economics (Per $1K Revenue)

★★★★★
RFIL generates approximately $332 of gross profit, $22 of operating income, and $54 of free cash flow for every $1,000 of revenue. Based on FY2025 results. Strong cash conversion and healthy margins support the rating, although capital efficiency remains below the highest tier.

Economic Dimensions

★★★★★
Effective Tax Rate: 90.77%

Quantitative Style Profile

★★★★★
RFIL has a liquid profile. Weak momentum is the primary drawback, while valuation that is moderately attractive rather than deeply discounted.

Style Classification

Quality Focused

High VolatilitySmall / Mid Cap RiskShort Squeeze RiskHighly Liquid / Institution-Friendly

Key Highlights

Company Size Small-Cap Stock
Market Capitalization 89.82M USD
Price to earnings Ratio 37.64
1Y Target Price 14.5
Price to earnings Ratio 37.64
1Y Target Price 14.5
Volume (30-day avg) 252.3K shares
Beta 1.3
52 Weeks Range 5.54 - 22.30
Updated Date 09/27/2026
52 Weeks Range 5.54 - 22.30
Updated Date 09/27/2026
Dividends yield (FY) -
Basic EPS (TTM) 0.22

How Company Makes Money

Business areaWhat it includesRetail investor read
Telecommunications InfrastructureRF connectors, fiber optic cables, and site solutions for wireless networks.The company profits by selling the essential 'plumbing' that allows cellular and fiber networks to function.
Industrial & DefenseCustom-engineered cable assemblies for harsh environments and specialized defense equipment.Custom products often carry higher margins than standard parts because they require specific engineering expertise.

Analyzing Revenue: Products, Geography and Growth

Revenue by Products

Product revenue - Year on Year

Revenue by Geography

Geography revenue - Year on Year

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Earnings Date

Report Date 2026-09-14
When Before Market
Estimate 0.18
Actual 0.16

Profitability

Profit Margin 2.83%
Operating Margin (TTM) 6.09%

Management Effectiveness

Return on Assets (TTM) 4.01%
Return on Equity (TTM) 6.67%

Valuation

Trailing PE 37.64
Forward PE 9.88
Enterprise Value 109.16M
Price to Sales(TTM) 1.04
Enterprise Value 109.16M
Price to Sales(TTM) 1.04
Enterprise Value to Revenue 1.25
Enterprise Value to EBITDA 16.83
Shares Outstanding 10.85M
Shares Floating 8.39M
Shares Outstanding 10.85M
Shares Floating 8.39M
Percent Insiders 18.27
Percent Institutions 48.43

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Financial Metrics

🧭 Investment Snapshot

Total Revenue (Scale)

Information icon Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.

Net Income (Profit)

Information icon Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.

Free Cash Flow (Cash Strength)

Information icon Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.

📈 Growth & Strength

Operating Income (Core Profit)

Information icon Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.

EBITDA (Cash Earnings)

Information icon Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.

Gross Profit (Unit Profitability)

Information icon Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.

🛡️ Financial Safety

Cash (Liquidity Buffer)

Information icon Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.

Total Debt (Leverage Risk)

Information icon Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.

Net Working Capital (Short-Term Health)

Information icon Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.

🧱 Balance Sheet Strength

Stockholder Equity (Net Worth)

Information icon Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.

Total Assets (Asset Base)

Information icon The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.

Income Before Tax (Pre-Tax Earnings)

Information icon Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.

⚙️ Cost & Drag Factors

Cost of Revenue (Production Cost)

Information icon Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.

Total Operating Expenses (Operating Cost)

Information icon Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.

Income Tax Expense (Tax Drag)

Information icon Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.

About RF Industries Ltd

Exchange NASDAQ
Headquarters San Diego, CA, United States
IPO Launch date 1997-05-28
CEO & Director Mr. Robert D. Dawson
Sector Industrials
Industry Electrical Equipment & Parts
Full time employees 289
Full time employees 289

RF Industries, Ltd. engages in the design, manufacture, and marketing of interconnect products and systems in the United States, Canada, Germany, China, and internationally. It designs, manufactures, and distributes various coaxial connectors and cable assemblies that are integrated with coaxial connectors; custom and standard cable assemblies, complex hybrid fiber optic power solution cables, adapters, and electromechanical wiring harnesses for communication, computer, LAN, automotive and medical equipment; energy-efficient cooling systems and integrated small cell solutions; and related components. The company designs and manufactures cable assemblies and wiring harnesses for or blue chip industrial, oilfield, instrumentation, and military customers; thermal control systems and shrouds; and radio frequency and microwave products enabling signal distribution and deployment of in-building distributed antenna systems, wireless base stations and small cell networks. The company sells its products through warehousing distributors and in-house marketing and sales team. It serves telecommunications carriers and equipment manufacturers, wireless and network infrastructure carriers, and original equipment manufacturers. The company was formerly known as Celltronics, Inc. and changed its name RF Industries, Ltd. in November 1990. The company was incorporated in 1979 and is headquartered in San Diego, California.