Microwave Filter Company (MFCO) Stock Analysis & Winston Score

Microwave Filter Company (MFCO) makes specialized electronic filters used in cable television and broadband networks. These filters block unwanted signals so that TV channels and internet connections work cleanly without interference. The company sells its products mainly to cable operators, satellite companies, and telecommunications providers across North America.

MFCO earns revenue by selling its hardware filters directly to network operators and equipment distributors. The company is small, with a market cap under $50 million, and operates primarily in the United States. Its competitive position comes from decades of engineering expertise in a narrow, technical niche — large electronics conglomerates rarely compete directly in this specialized segment. The key risk the company faces is that the ongoing shift away from traditional cable TV toward internet streaming could reduce long-term demand for some of its legacy filter products, though upgrades to broadband infrastructure may partially offset that pressure.

Winston Score History

Growth Profile

For growth stock investors

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+38.7% YoY

YoY Growth Rate

Revenue accelerating

EPS Growth

+219.3% YoY

YoY Growth Rate

EPS growth accelerating

Insider Activity

0.7%ownership

→ Flat

Insiders holding steady — not selling despite ability to

Cash Position

Cash flow positive

$1M cash & investments

Quarterly Free Cash Flow

→ Burn rate stable

Company generates more cash than it spends — no dilution risk from fundraising

Revenue accelerating

Microwave Filter Company grew revenue 39% year-over-year and the growth rate is speeding up. That's the kind of momentum growth investors look for — the question is whether margins can follow.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

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Quality

Gross Margin

48.3%

Healthy — 48.3% gross margin

Operating Margin

18.9%

Healthy — 18.9% operating margin

ROCE

8.5%

Below par — 8.5% return on capital

ROIC between 5% and 15%. They earn 5 to 15 cents back per year on every dollar invested.

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Growth

Sales YoY

+0.7%

Nearly flat sales (0.7% YoY)

EPS YoY

N/A

Data not available

EPS Consistency

4/8 quarters

Earnings inconsistent quarter-to-quarter

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Cash Flow

Cash Conversion

98%

Turns 98% of profit into real cash

FCF Margin

4.5%

Thin free cash flow (4.5%)

FCF margin between 0% and 10%. Some cash from sales, but not a lot.

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Stability

Debt / Equity

0.00

Conservative — low debt load (0.00)

Interest Cover

100.00x

—

Comfortably covers interest (100.0x)

Interest coverage above 8. Profits cover interest many times over.

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Valuation

P/E Ratio (TTM)

8.6x

no trend

Attractive valuation — P/E 8.6

P/E under 10. The price tag is small relative to last year's profit.

P/E vs Forward

N/A

not available

Data not available

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Dividends

Not applicable for this business.

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