Boxlight (Boxlight) Predictability Rank

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What is Boxlight Predictability Rank?

Not Rated

Warren Buffett said many times that the companies he likes are:

1. Simple businesses that he understands
2. that have predictable and proven earnings and
3. with economic moat
4. those can be bought at a reasonable price.

It is hard to quantify "simple businesses that he (Buffett) understands", so we will focus on the other three characteristics instead. In GuruFocus Research: What worked in the market from 1998-2008? Part I: Introduction of Predictability Rank, we will show that the businesses that have predictable and proven earnings are usually also simple businesses that an average person could understand.

GuruFocus conducted a back test study of Warren Buffett's strategy of "buying good companies at fair prices" for the years from 1998-2008.

Boxlight Predictability Rank Calculation

In our database there are 2403 stocks that have been traded from Jan. 2, 1998 to Aug. 31, 2008. We have the complete 10-year financial data and trading prices of these companies for this period. We rank the predictability of these companies based on the consistency of their revenue per share and EBITDA (earning before interest, tax, depreciation and amortization) per share over the past ten fiscal years, and study the correlation between the stock performances and the predictability of the business.

Our study may be subject to these biases and assumptions:

Dividend yields are not counted for investment returns
Effects of price changes due to spin-offs may not be fully adjusted
Study is subjected to survivorship bias due to de-listing, bankruptcy, LBO, M&A, etc.

The correlation between business predictability and investment returns of a company is showed below.

Correlation Between Business Predictability and Investment Returns

	Predictables	Non-Predictable	All stocks
Total Number of stocks	570	1833	2403
Total Lost Money	61	830	891
Total Lost More Than 50%	18	412	430
Total Lost More Than 90%	4	86	90
Average Gain	260.6%	100.0%	138.1%
Median Gain	150.0%	13.0%	39.0%
Maximum Gain	2852.0%	11483.0%	11483.0%
Maximum Loss	-100.0%	-100.0%	-100.0%
Annualized Average Gain	12.7%	6.7%	8.4%
Annualized Median Gain	8.9%	1.1%	3.1%

For the 570 predictable companies, we have seen strong correlation between the predictability of businesses and the stock performances over the past 10 years, regardless of the valuation of business at 1998. Accordingly, we have ranked the business predictability from 5-star to 1-star, as shown in this table.

Predictability Rank	5-Star	4.5-Star	4-Star	3.5-Star	3-Star	2.5-Star	2-Star	1-Star (non-predictable)	Average among all
% Out of All 2403 Stocks	3.3%	2.9%	3.7%	3.3%	3.3%	3.7%	3.3%	76.3%	100%
% that are in Loss (10y)	3%	10%	8%	9%	11%	18%	16%	45%	37%
Average Gain (10y)	364.6%	330.9%	278.0%	235.1%	243.5%	227.8%	154.8%	100.0%	138.1%
Median Gain (10y)	238.5%	193.5%	171.0%	159.0%	132.5%	113.5%	87.0%	13.0%	39.0%
Maximum Gainer	2228.0%	2547.0%	2452.0%	2852.0%	2432.0%	1892.0%	1807.0%	11483.0%	11483.0%
Maximum Loser	-82.0%	-53.0%	-67.0%	-100.0%	-83.0%	-100.0%	-78.0%	-100.0%	-100.0%
Annualized Average Gain	15.4%	14.6%	13.2%	12.0%	12.2%	11.7%	9.1%	6.7%	8.4%
Annualized Median Gain	12.1%	10.6%	9.8%	9.3%	8.2%	7.3%	6.0%	1.1%	3.1%

For detailed information about each predictability rank, please go to GuruFocus Research: What worked in the market from 1998-2008? Part I: Introduction of Predictability Rank

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Boxlight (Boxlight) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Boxlight Corp (NAS:BOXL) » Definitions » Predictability Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

2750 Premiere Parkway No. 900, Duluth, GA, USA, 30097

Website

https://www.boxlight.com

Boxlight Corp is a technology company that develops, sells and services interactive solutions predominantly for the education market, but also for the corporate and government sectors. The company currently designs, produces and distributes interactive technologies including interactive and non-interactive flat panel displays, LED video walls, media players, classroom audio and campus communication, cameras and other peripherals for the education market and non-interactive solutions including flat panels, LED video walls and digital signage. The company also distributes science, technology, engineering and math (or STEM) products, including 3D printing and robotics solutions, and a portable science lab.

Executives

Mark Starkey	officer: President	C/O BOXLIGHT CORPORATION, 1045 PROGRESS CIRCLE, LAWRENCEVILLE GA 30043
Shaun Marklew	officer: Chief Technology Officer	C/O BOXLIGHT CORPORATION, 1045 PROGRESS CIRCLE, LAWRENCEVILLE GA 30043
Michael Ross Pope	director, officer: Chief Executive Officer	1045 PROGRESS CIRCLE, LAWRENCEVILLE, GEORGIA GA 30043
Greg Wiggins	officer: Chief Financial Officer	C/O BOXLIGHT CORPORATION, 2750 PREMIER PARKWAY, SUITE 900, DULUTH GA 30097
Henry Nance	officer: Chief Operating Officer	C/O BOXLIGHT CORPORATION, AT 1045 PROGRESS CIRCLE, LAWRENCEVILLE GA 30043
James Mark Elliott	director	C/O BOXLIGHT CORP., 1045 PROGRESS CIRCLE, LAWRENCEVILLE GA 30043
Dale Strang	director	C/O BOXLIGHT CORPORATION, 1045 PROGRESS CIRCLE, LAWRENCEVILLE GA 30043
Patrick Foley	officer: Chief Financial Officer	C/O BOXLIGHT CORPORATION, 1045 PROGRESS CIRCLE, LAWRENCEVILLE GA 30043
Rudolph F. Crew	director	C/O BOXLIGHT CORP., 1045 PROGRESS CIRCLE, LAWRENCEVILLE GA 30043
Tiffany Kuo	director	C/O BOXLIGHT CORPORATION, AT 1045 PROGRESS CIRCLE, LAWRENCEVILLE GA 30043
Charles P. Amos	director	C/O BOXLIGHT CORPORATION, 1045 PROGRESS CRICLE, LAWRENCEVILLE GA 30043
Roger Wayne Jackson	director	1 CONCOURSE PARKWAY, SUITE 500, ATLANTA GA 30328
K Laser Technology Inc.	10 percent owner	1 LI HSIN RD. VI, SCIENCE-BASED INDUSTRIAL PARK, HSINCHU F5 300
Daniel Leis	officer: Senior VP Marketing	C/O BOXLIGHT CORPORATION, 1045 PROGRESS CRICLE, LAWRENCEVILLE GA 30043
James Lindsey Clark	director	1819 DANFORTH DRIVE, MARIETTA GA 30062