Intrinsic value of O2Micro International ADR - OIIM

Previous Close

$1.62

  Intrinsic Value

$0.83

stock screener

  Rating & Target

sell

-49%

  Value-price divergence*

-121%

Previous close

$1.62

 
Intrinsic value

$0.83

 
Up/down potential

-49%

 
Rating

sell

 
Value-price divergence*

-121%

*Intrinsic value change (in %) minus stock price change (in %) in the past 12 months.

We calculate the intrinsic value of OIIM stock by summing up the current values of future distributable cash flows generated by the company and dividing the sum by the number of outstanding shares. As such, the intrinsic value calculation depends entirely on projections. The more accurate your projections of the company's performance are - the more reliable is the intrinsic value calculation result. Please make sure to check the stock valuation input data below and adjust it if necessary. The quality of the output (intrinsic valuation result) is only as good as the quality of the input. See also DISCLAIMERS.

STOCK VALUATION INPUT DATA

Revenue (in 2016), $M
Initial revenue growth rate, %
Terminal revenue growth rate, %
Revenue decline factor
Initial discount rate, %
Discount rate multiplier
Variable cost ratio, %
Fixed operating expenses, $M
Interest rate on debt, %
Effective corporate tax rate, %
Production assets / Revenue, %
Life of production assets, yrs
Working capital / Revenue, %
Revenue / Adjusted assets
Adjusted equity ratio
Cash flow adjustment, % of Revenue
Book value of equity, $M
Shares outstanding, mln
Market capitalization, $bln 0.0

 

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year
2016(a)
   2017
   2018
   2019
   2020
   2021
   2022
   2023
   2024
   2025
   2026
   2027
   2028
   2029
   2030
   2031
   2032
   2033
   2034
   2035
   2036
   2037
   2038
   2039
   2040
   2041
   2042
   2043
   2044
   2045
   2046

INCOME STATEMENT

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue growth rate, %
  3.64
  23.10
  21.29
  19.66
  18.19
  16.88
  15.69
  14.62
  13.66
  12.79
  12.01
  11.31
  10.68
  10.11
  9.60
  9.14
  8.73
  8.35
  8.02
  7.72
  7.45
  7.20
  6.98
  6.78
  6.60
  6.44
  6.30
  6.17
  6.05
  5.95
  5.85
Revenue, $m
  57
  70
  85
  102
  120
  141
  163
  187
  212
  239
  268
  298
  330
  363
  398
  435
  473
  512
  553
  596
  640
  686
  734
  784
  836
  890
  946
  1,004
  1,065
  1,128
  1,194
Variable operating expenses, $m
 
  95
  115
  138
  163
  190
  220
  252
  286
  323
  362
  403
  446
  491
  538
  587
  638
  692
  747
  805
  865
  927
  992
  1,059
  1,129
  1,202
  1,278
  1,356
  1,438
  1,524
  1,613
Fixed operating expenses, $m
 
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total operating expenses, $m
  62
  95
  115
  138
  163
  190
  220
  252
  286
  323
  362
  403
  446
  491
  538
  587
  638
  692
  747
  805
  865
  927
  992
  1,059
  1,129
  1,202
  1,278
  1,356
  1,438
  1,524
  1,613
Operating income, $m
  -6
  -25
  -30
  -36
  -42
  -49
  -57
  -65
  -74
  -84
  -94
  -105
  -116
  -128
  -140
  -153
  -166
  -180
  -194
  -209
  -225
  -241
  -258
  -275
  -293
  -312
  -332
  -352
  -374
  -396
  -419
EBITDA, $m
  -4
  -25
  -30
  -36
  -42
  -49
  -57
  -65
  -74
  -84
  -94
  -105
  -116
  -128
  -140
  -153
  -166
  -180
  -194
  -209
  -225
  -241
  -258
  -275
  -293
  -312
  -332
  -352
  -374
  -396
  -419
Interest expense (income), $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  1
  1
  1
  1
  1
  1
  1
  1
  2
  2
  2
  2
  2
  2
  2
  3
  3
  3
  3
  3
  4
  4
Earnings before tax, $m
  -2
  -25
  -30
  -36
  -42
  -50
  -57
  -66
  -75
  -85
  -95
  -105
  -117
  -129
  -141
  -154
  -167
  -181
  -196
  -211
  -227
  -243
  -260
  -278
  -296
  -315
  -335
  -356
  -377
  -400
  -423
Tax expense, $m
  1
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Net income, $m
  -3
  -25
  -30
  -36
  -42
  -50
  -57
  -66
  -75
  -85
  -95
  -105
  -117
  -129
  -141
  -154
  -167
  -181
  -196
  -211
  -227
  -243
  -260
  -278
  -296
  -315
  -335
  -356
  -377
  -400
  -423

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  53
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total assets, $m
  91
  47
  57
  68
  80
  94
  108
  124
  141
  159
  179
  199
  220
  242
  266
  290
  315
  341
  369
  397
  427
  458
  489
  523
  557
  593
  630
  669
  710
  752
  796
Adjusted assets (=assets-cash), $m
  38
  47
  57
  68
  80
  94
  108
  124
  141
  159
  179
  199
  220
  242
  266
  290
  315
  341
  369
  397
  427
  458
  489
  523
  557
  593
  630
  669
  710
  752
  796
Revenue / Adjusted assets
  1.500
  1.489
  1.491
  1.500
  1.500
  1.500
  1.509
  1.508
  1.504
  1.503
  1.497
  1.497
  1.500
  1.500
  1.496
  1.500
  1.502
  1.501
  1.499
  1.501
  1.499
  1.498
  1.501
  1.499
  1.501
  1.501
  1.502
  1.501
  1.500
  1.500
  1.500
Average production assets, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Working capital, $m
  61
  15
  18
  21
  25
  30
  34
  39
  45
  50
  57
  63
  70
  77
  84
  92
  100
  108
  117
  126
  135
  145
  155
  165
  176
  188
  200
  212
  225
  238
  252
Total debt, $m
  4
  1
  3
  5
  7
  9
  11
  14
  16
  19
  22
  25
  29
  32
  36
  40
  44
  48
  52
  57
  61
  66
  71
  77
  82
  88
  94
  100
  106
  113
  120
Total liabilities, $m
  10
  7
  9
  11
  13
  15
  17
  20
  22
  25
  28
  31
  35
  38
  42
  46
  50
  54
  58
  63
  67
  72
  77
  83
  88
  94
  100
  106
  112
  119
  126
Total equity, $m
  81
  39
  48
  57
  68
  79
  91
  105
  119
  134
  150
  167
  185
  204
  224
  244
  265
  287
  310
  334
  359
  385
  412
  440
  469
  499
  531
  564
  598
  633
  670
Total liabilities and equity, $m
  91
  46
  57
  68
  81
  94
  108
  125
  141
  159
  178
  198
  220
  242
  266
  290
  315
  341
  368
  397
  426
  457
  489
  523
  557
  593
  631
  670
  710
  752
  796
Debt-to-equity ratio
  0.049
  0.040
  0.060
  0.080
  0.100
  0.110
  0.120
  0.130
  0.140
  0.140
  0.150
  0.150
  0.160
  0.160
  0.160
  0.160
  0.170
  0.170
  0.170
  0.170
  0.170
  0.170
  0.170
  0.170
  0.170
  0.180
  0.180
  0.180
  0.180
  0.180
  0.180
Adjusted equity ratio
  0.842
  0.842
  0.842
  0.842
  0.842
  0.842
  0.842
  0.842
  0.842
  0.842
  0.842
  0.842
  0.842
  0.842
  0.842
  0.842
  0.842
  0.842
  0.842
  0.842
  0.842
  0.842
  0.842
  0.842
  0.842
  0.842
  0.842
  0.842
  0.842
  0.842
  0.842

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  -3
  -25
  -30
  -36
  -42
  -50
  -57
  -66
  -75
  -85
  -95
  -105
  -117
  -129
  -141
  -154
  -167
  -181
  -196
  -211
  -227
  -243
  -260
  -278
  -296
  -315
  -335
  -356
  -377
  -400
  -423
Depreciation, amort., depletion, $m
  2
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Funds from operations, $m
  -14
  -25
  -30
  -36
  -42
  -50
  -57
  -66
  -75
  -85
  -95
  -105
  -117
  -129
  -141
  -154
  -167
  -181
  -196
  -211
  -227
  -243
  -260
  -278
  -296
  -315
  -335
  -356
  -377
  -400
  -423
Change in working capital, $m
  -6
  3
  3
  4
  4
  4
  5
  5
  5
  6
  6
  6
  7
  7
  7
  8
  8
  8
  9
  9
  9
  10
  10
  11
  11
  11
  12
  12
  13
  13
  14
Cash from operations, $m
  -8
  -27
  -33
  -39
  -46
  -54
  -62
  -71
  -80
  -90
  -101
  -112
  -123
  -136
  -148
  -162
  -175
  -190
  -204
  -220
  -236
  -253
  -270
  -288
  -307
  -326
  -347
  -368
  -390
  -413
  -437
Maintenance CAPEX, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
New CAPEX, $m
  -1
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash from investing activities, $m
  -1
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Free cash flow, $m
  -9
  -27
  -33
  -39
  -46
  -54
  -62
  -71
  -80
  -90
  -101
  -112
  -123
  -136
  -148
  -162
  -175
  -190
  -204
  -220
  -236
  -253
  -270
  -288
  -307
  -326
  -347
  -368
  -390
  -413
  -437
Issuance/(repayment) of debt, $m
  0
  1
  2
  2
  2
  2
  2
  3
  3
  3
  3
  3
  3
  4
  4
  4
  4
  4
  4
  4
  5
  5
  5
  5
  5
  6
  6
  6
  6
  7
  7
Issuance/(repurchase) of shares, $m
  -1
  32
  38
  45
  53
  61
  70
  79
  89
  100
  111
  122
  135
  147
  161
  174
  189
  203
  219
  235
  252
  269
  287
  306
  325
  345
  366
  388
  411
  435
  460
Cash from financing (excl. dividends), $m  
  -1
  33
  40
  47
  55
  63
  72
  82
  92
  103
  114
  125
  138
  151
  165
  178
  193
  207
  223
  239
  257
  274
  292
  311
  330
  351
  372
  394
  417
  442
  467
Total cash flow (excl. dividends), $m
  -10
  6
  7
  8
  8
  9
  10
  11
  12
  12
  13
  14
  15
  15
  16
  17
  17
  18
  19
  19
  20
  21
  22
  23
  24
  25
  26
  27
  28
  29
  30
Retained Cash Flow (-), $m
  2
  -32
  -38
  -45
  -53
  -61
  -70
  -79
  -89
  -100
  -111
  -122
  -135
  -147
  -161
  -174
  -189
  -203
  -219
  -235
  -252
  -269
  -287
  -306
  -325
  -345
  -366
  -388
  -411
  -435
  -460
Prev. year cash balance distribution, $m
 
  49
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash flow adjustment, $m
 
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash available for distribution, $m
 
  23
  -31
  -38
  -44
  -52
  -60
  -68
  -78
  -87
  -98
  -109
  -120
  -132
  -145
  -158
  -171
  -185
  -200
  -215
  -231
  -248
  -265
  -283
  -302
  -321
  -341
  -362
  -384
  -406
  -430
Discount rate, %
 
  4.30
  4.52
  4.74
  4.98
  5.23
  5.49
  5.76
  6.05
  6.35
  6.67
  7.00
  7.35
  7.72
  8.11
  8.51
  8.94
  9.39
  9.86
  10.35
  10.87
  11.41
  11.98
  12.58
  13.21
  13.87
  14.56
  15.29
  16.05
  16.86
  17.70
PV of cash for distribution, $m
 
  22
  -29
  -33
  -37
  -40
  -43
  -46
  -48
  -50
  -51
  -52
  -51
  -50
  -49
  -46
  -44
  -40
  -37
  -33
  -29
  -26
  -22
  -19
  -15
  -12
  -10
  -8
  -6
  -4
  -3
Current shareholders' claim on cash, %
  100
  41.2
  17.2
  7.3
  3.2
  1.4
  0.6
  0.3
  0.1
  0.1
  0.0
  0.0
  0.0
  0.0
  0.0
  0.0
  0.0
  0.0
  0.0
  0.0
  0.0
  0.0
  0.0
  0.0
  0.0
  0.0
  0.0
  0.0
  0.0
  0.0
  0.0

O2Micro International Limited, together with its subsidiaries, designs, develops, and markets integrated circuits and solutions for power management components and systems. It provides analog and mixed-signal integrated circuit products that manage and provide LCD and LED lighting; control and monitor battery charging and discharging in portable electronic devices and vehicles; perform DC/DC and AC/DC conversion; and provide select and switch functionality between power sources. The company’s products are primarily used in the consumer electronics, computer, industrial, communication, and automotive markets for applications, including LCD and LED monitors, LCD and LED televisions, notebook and tablet computers, low/zero emission vehicles, mobile phones, power tools, energy efficient technology relating to batteries, LED lighting, and portable electronics devices. O2Micro International Limited sells its products through direct sales force, independent sales representatives, and distributors to OEMs, ODMs, and module makers primarily in Asia and North America. It also licenses its proprietary intellectual property to third parties; and provides design and engineering support services. The company was founded in 1995 and is based in George Town, the Cayman Islands.

FINANCIAL RATIOS  of  O2Micro International ADR (OIIM)

Valuation Ratios
P/E Ratio -690.7
Price to Sales 36.4
Price to Book 25.6
Price to Tangible Book
Price to Cash Flow -259
Price to Free Cash Flow -230.2
Growth Rates
Sales Growth Rate 3.6%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate 0%
Cap. Spend. - 3 Yr. Gr. Rate 0%
Financial Strength
Quick Ratio 13
Current Ratio 0
LT Debt to Equity 0%
Total Debt to Equity 4.9%
Interest Coverage 0
Management Effectiveness
Return On Assets -3.2%
Ret/ On Assets - 3 Yr. Avg. -11.6%
Return On Total Capital -3.5%
Ret/ On T. Cap. - 3 Yr. Avg. -12.5%
Return On Equity -3.7%
Return On Equity - 3 Yr. Avg. -12.9%
Asset Turnover 0.6
Profitability Ratios
Gross Margin 50.9%
Gross Margin - 3 Yr. Avg. 51.1%
EBITDA Margin 0%
EBITDA Margin - 3 Yr. Avg. -13.7%
Operating Margin -8.8%
Oper. Margin - 3 Yr. Avg. -22.8%
Pre-Tax Margin -3.5%
Pre-Tax Margin - 3 Yr. Avg. -18.2%
Net Profit Margin -5.3%
Net Profit Margin - 3 Yr. Avg. -22.3%
Effective Tax Rate -50%
Eff/ Tax Rate - 3 Yr. Avg. -29.5%
Payout Ratio 0%

OIIM stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the OIIM stock intrinsic value calculation we used $57 million for the last fiscal year's total revenue generated by O2Micro International ADR. The default revenue input number comes from 2016 income statement of O2Micro International ADR. You may change it if you feel that it should be adjusted for some unusual circumstances that are not expected to be repeated in the future or if you already know (from interim financial statements, for example) that this year's revenue is going to be quite different.

Revenue growth rate. Forecasted future revenue growth rate is the most important input parameter for the intrinsic value calculation. Unlike other input parameters that are reasonably expected to be in line with their historic averages or their historic trends, the revenue growth rate by and large is a wild card: nobody really knows what the company's revenue will be in the future. Of course, the level of unpredictability is different for different industries (utility companies being the most predictable and, thus, less risky).
    We use three input parameters to forecast the revenue growth rate in our OIIM stock valuation model: a) initial revenue growth rate of 23.1% whose default value is the revenue growth rate in the most recent quarter compared to the quarterly revenue a year ago; b) terminal revenue growth rate of 5% whose default value is chosen to be close to the average nominal (i.e. not adjusted for inflation) GDP growth rate; and c) revenue decline factor of 0.9, which stipulates that revenue growth rate in each forecasted year will be equal to the difference of the revenue growth rate in the preceding year and the terminal revenue growth rate multiplied by this revenue decline factor (with the passage of time the revenue growth rate will be approaching the terminal revenue growth rate, but not quite reaching it - though the difference could be infinitesimally small).
    At the revenue decline factor of 1, the future revenue growth rate is forecasted to be constant and equal to the initial revenue growth rate. The smaller the revenue decline factor, the faster the revenue growth rate will approach the terminal revenue growth.

Discount rate. The discount rate is used for determining the present value of future cash flows: future cash flows are "discounted" as at normal conditions (that translate into positive expected return on investment) one dollar today is worth more than the same dollar in the future. Unlike all other valuation models, we use variable discount rate, i.e. it increases for each consecutive year. This is done to account for higher risk of cash flows coming in further in the future.
    The initial discount rate of 4.3%, whose default value for OIIM is calculated based on our internal credit rating of O2Micro International ADR, is applied to the cash flow expected to be received a year from now (well, actually, to be precise, in the financial year following the base year - the last year for which we have financial statements). For each consecutive year the discount rate is multiplied by the discount rate multiplier of 1.05, e.i. each year it increases by 5%. Feel free to change this number to correspond to your level of risk assessment of O2Micro International ADR.
    By the way, it is easy to set the discount rate to be constant (this would make comparison with other valuation models easier): just set the discount rate multiplier equal to 1 and chose the magnitude of the initial discount rate to your liking.

Variable cost ratio is the ratio of variable costs (i.e. costs that fluctuate with fluctuation of the volume of production) to the revenue expressed as a percentage. In the calculation of intrinsic value of OIIM stock the variable cost ratio is equal to 135.1%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $0 million in the base year in the intrinsic value calculation for OIIM stock. These expenses increase with the level of inflation in subsequent years.

Interest rate on debt is the average all-in rate of interest paid by the company on its debt. It is set at 3.5% for O2Micro International ADR.

Corporate tax rate of 27% is the nominal tax rate for O2Micro International ADR. In reality, companies find ways to pay much less taxes than that or not to pay them at all.

Cash flow adjustment could be used for any adjustment the investor deems necessary. Most commonly we use this field to account for stock options-related effects in excess of what is reported on the company's income statement. The cash flow adjustment is expressed as a percentage of the revenue, and in the current valuation of the OIIM stock is equal to 0%.

Production assets are the company's assets used for manufacturing products or provision of services. In the valuation model input table they are expressed as a percentage of revenue and for OIIM are equal to 0%.

Life of production assets of 10 years is the average useful life of capital assets used in O2Micro International ADR operations. It is used to calculate yearly capital expenditures needed to keep these assets in good order - we call it the maintenance CAPEX.

Working capital is the difference between the company's current assets and liabilities. In the model we use the ratio of working capital to revenue, which for OIIM is equal to 21.1%. A negative number means that the company is apt at using financial resources of its suppliers and customers; a large positive number, on the other hand, means that it either provides in-kind financing to others or is not good at managing its inventories.

Book value of equity - $81 million for O2Micro International ADR - is used in calculation of the "floor" for intrinsic valuation based on the discounted cash flow (DCF) method. Even if the prospects are very bad for a company, its assets could always be sold now for their current fair market value.

Shares outstanding of 24.478 million for O2Micro International ADR is needed to calculate the intrinsic value of one share.

Market capitalization is used here only for reference purposes and as a quick check that the share price and the number of shares outstanding numbers are correct - something especially to be cognizant about at stock splits. So, the market capitalization of O2Micro International ADR at the current share price and the inputted number of shares is $0.0 billion.

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COMPANY NEWS

▶ O2Micro Reports Second Quarter 2017 Financial Results   [Aug-03-17 08:00AM  GlobeNewswire]
▶ O2Micro to Announce Second Quarter 2017 Results   [Jul-14-17 09:00AM  GlobeNewswire]
▶ O2Micro® Announces FREE DIMMING License Agreement   [Jun-15-17 09:00AM  GlobeNewswire]
▶ O2Micro (OIIM) Reports High End of Expected Q1 Revenue Range   [May-10-17 04:40PM  Zacks Small Cap Research]
▶ O2Micro to Announce First Quarter 2017 Results   [Apr-13-17 06:00AM  GlobeNewswire]
▶ O2Micro (OIIM) Reports High End of Expected Q4 Revenue Range   [Jan-26-17 04:00PM  Zacks Small Cap Research]
▶ O2Micro to Announce Fourth Quarter 2016 Results   [Jan-10-17 09:00AM  GlobeNewswire]
▶ O2Micro to Announce Third Quarter 2016 Results   [Oct-06-16 04:15PM  GlobeNewswire]
▶ OIIM: After a Two and a Half Year Hiatus, Growth Should Resume Next Quarter   [Aug-04-16 11:00AM  Zacks Small Cap Research]
▶ O2Micro Reports Second Quarter 2016 Financial Results   [Aug-03-16 08:00AM  GlobeNewswire]
▶ O2Micro to Announce Second Quarter 2016 Results   [Jul-11-16 09:00AM  GlobeNewswire]
▶ O2MICRO INTERNATIONAL LTD Financials   [01:04PM  EDGAR Online Financials]
▶ O2Micro to Announce First Quarter 2016 Results   [Apr-07-16 09:00AM  GlobeNewswire]
▶ O2Micro to Announce Fourth Quarter 2015 Results   [Jan-06-16 09:00AM  GlobeNewswire]
▶ O2Micro Announces Expense Reduction Plan   [Nov-23  09:00AM  GlobeNewswire]
▶ O2Micro Recognized Among 2015 Top Bay Area Innovators   [Nov-19  09:00AM  GlobeNewswire]
▶ O2Micro to Announce Third Quarter 2015 Results   [Oct-07  08:30AM  GlobeNewswire]
▶ O2Micro's Charge Pump System Issued Patent   [Sep-22  08:30AM  GlobeNewswire]
▶ O2Micro to Announce Second Quarter 2015 Results   [Jul-07  08:30AM  GlobeNewswire]
▶ O2Micro to Announce First Quarter 2015 Results   [Apr-01  09:10AM  at noodls]
▶ O2Micro to Announce Fourth Quarter 2014 Results   [Jan-12  08:46AM  at noodls]
▶ O2Micro Announces Workforce Reduction   [Jan-05  08:35AM  at noodls]
▶ O2Micro Announces Workforce Reduction   [08:30AM  GlobeNewswire]
▶ O2Micro Reports Second Quarter 2014 Financial Results   [Jul-23  08:00AM  GlobeNewswire]
▶ O2Micro: The Turnaround Continues With Exciting New Products   [May-01  04:13PM  at Seeking Alpha]
▶ O2Micro Reports First Quarter 2014 Financial Results   [Apr-30  08:00AM  GlobeNewswire]
▶ Coverage initiated on O2Micro by Northland Capital   [Mar-24  09:11AM  Briefing.com]
Stock chart of OIIM Financial statements of OIIM
Valuation of Stocks

The paper VALUATION OF STOCKS: The Quest for Intrinsic Value provides a detailed description of our valuation model and discloses the calculation algorithm.

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