Foresight Autonomous Holdings (FRSX)

Business description

Foresight Autonomous (FRSX) is a development-stage technology company in Israel, developing ADAS systems based on technology developed by its parent company and the Israeli military. FRSX also has a stake in rail ADAS specialist, Rail Vision.

Stock data

Market cap.NIS292.1m
Last closeNIS2.66
High / Low (52 weeks)NIS8.5 / NIS2.6
Stock market listingUS, Tel Aviv Stock Exchange
Forecast net cash (US$m)19.9
Forecast gearing ratio (%)N/A

Price performance

Relative *1.0(7)(25.8)

* % Relative to local index

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Company news

Y/E Dec Revenue (US$m) EBITDA (US$m) PBT (US$m) EPS (c) P/E (x) P/CF (x)
2015A N/A N/A N/A N/A N/A N/A
2016A 0.0 (3.3) (3.4) (4.98) N/A N/A
2017E 0.0 (5.8) (5.7) (6.08) N/A N/A
2018E 1.1 (11.5) (12.6) (11.52) N/A N/A

Last updated on 14/02/2018

Latest research

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קצב שריפת המזומנים עולה, המאזן מתחזק

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Investment summary

FRSX develops software solutions for advanced driver-assistance systems (ADAS) and fully autonomous (FA) driving applications using stereo camera vision algorithms developed over a decade with the Israeli military. The company aims to reach effective 100% daytime object detection probability in all-weather/light conditions. FRSX has signed a number of pilot project agreements in China and is looking to achieve similar success in India. 32.6%-owned Rail Vision, a rail collision warning specialist, is also achieving very encouraging results in product tests with major rail operators. FRSX's Nasdaq listing, publication of US GAAP accounts, $21.5m cash position at Q317 and recent successes in trials for its stereo systems make the stock well-positioned for the future.

Last updated on 02/03/2018

Industry outlook

ADAS is one of the fastest-growing markets in the auto industry. ABI Research forecasts total spending in the ADAS market to grow at a 29% CAGR over the next decade, with sales of vulnerable-user (cyclists/pedestrians) detection systems, which are principally reliant on forward-camera systems, forecast to achieve a 49% CAGR during this period. From 2020, the growth of FA-vehicle production should further boost forward-camera demand.

Last updated on 02/03/2018

Key management

Haim Siboni, CEO
Eli Yoresh, CFO
Ariel Dor, COO

Company address

3 Golda Meir
+972 (0)77 9709030
View website