CEVA INC (CEVA) Stock Fundamental Analysis
NASDAQ:CEVA - US1572101053 - Common Stock
22.73 USD
+0.36 (+1.61%)
22.73 USD
0 (0%)
Overall CEVA gets a fundamental rating of 4 out of 10. We evaluated CEVA against 112 industry peers in the Semiconductors & Semiconductor Equipment industry. No worries on liquidiy or solvency for CEVA as it has an excellent financial health rating, but there are worries on the profitability. CEVA is quite expensive at the moment. It does show a decent growth rate.
1. Profitability
1.1 Basic Checks
In the past year CEVA was profitable.
In the past year CEVA had a positive cash flow from operations.
In the past 5 years CEVA reported 4 times negative net income.
CEVA had a positive operating cash flow in 4 of the past 5 years.
1.2 Ratios
With a Return On Assets value of -3.33%, CEVA is not doing good in the industry: 63.39% of the companies in the same industry are doing better.
With a Return On Equity value of -3.79%, CEVA is not doing good in the industry: 61.61% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -3.33% | ||
| ROE | -3.79% | ||
| ROIC | N/A |
ROA(3y)-4.76%
ROA(5y)-2.99%
ROE(3y)-5.58%
ROE(5y)-3.51%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
The Gross Margin of CEVA (86.49%) is better than 99.11% of its industry peers.
CEVA's Gross Margin has been stable in the last couple of years.
The Profit Margin and Operating Margin are not available for CEVA so they could not be analyzed.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | N/A | ||
| PM (TTM) | N/A | ||
| GM | 86.49% |
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y0.67%
GM growth 5Y-0.05%
2. Health
2.1 Basic Checks
CEVA does not have a ROIC to compare to the WACC, probably because it is not profitable.
CEVA has more shares outstanding than it did 1 year ago.
Compared to 5 years ago, CEVA has more shares outstanding
CEVA has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
2.2 Solvency
An Altman-Z score of 9.79 indicates that CEVA is not in any danger for bankruptcy at the moment.
Looking at the Altman-Z score, with a value of 9.79, CEVA is in the better half of the industry, outperforming 77.68% of the companies in the same industry.
There is no outstanding debt for CEVA. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 9.79 |
ROIC/WACCN/A
WACC11.43%
2.3 Liquidity
CEVA has a Current Ratio of 8.58. This indicates that CEVA is financially healthy and has no problem in meeting its short term obligations.
CEVA has a Current ratio of 8.58. This is amongst the best in the industry. CEVA outperforms 92.86% of its industry peers.
CEVA has a Quick Ratio of 8.58. This indicates that CEVA is financially healthy and has no problem in meeting its short term obligations.
CEVA's Quick ratio of 8.58 is amongst the best of the industry. CEVA outperforms 94.64% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 8.58 | ||
| Quick Ratio | 8.58 |
3. Growth
3.1 Past
CEVA shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 58.33%, which is quite impressive.
The Earnings Per Share has been decreasing by -8.60% on average over the past years.
Looking at the last year, CEVA shows a small growth in Revenue. The Revenue has grown by 7.71% in the last year.
Measured over the past years, CEVA shows a small growth in Revenue. The Revenue has been growing by 4.17% on average per year.
EPS 1Y (TTM)58.33%
EPS 3Y-17.12%
EPS 5Y-8.6%
EPS Q2Q%-58.82%
Revenue 1Y (TTM)7.71%
Revenue growth 3Y-4.48%
Revenue growth 5Y4.17%
Sales Q2Q%-9.7%
3.2 Future
CEVA is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 38.80% yearly.
CEVA is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 9.67% yearly.
EPS Next Y22.18%
EPS Next 2Y43.16%
EPS Next 3Y38.8%
EPS Next 5YN/A
Revenue Next Year3.98%
Revenue Next 2Y9.59%
Revenue Next 3Y9.67%
Revenue Next 5YN/A
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 59.82, CEVA can be considered very expensive at the moment.
The rest of the industry has a similar Price/Earnings ratio as CEVA.
CEVA's Price/Earnings ratio indicates a rather expensive valuation when compared to the S&P500 average which is at 27.06.
Based on the Price/Forward Earnings ratio of 29.98, the valuation of CEVA can be described as expensive.
CEVA's Price/Forward Earnings is on the same level as the industry average.
When comparing the Price/Forward Earnings ratio of CEVA to the average of the S&P500 Index (22.69), we can say CEVA is valued slightly more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 59.82 | ||
| Fwd PE | 29.98 |
4.2 Price Multiples
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
A more expensive valuation may be justified as CEVA's earnings are expected to grow with 38.80% in the coming years.
PEG (NY)2.7
PEG (5Y)N/A
EPS Next 2Y43.16%
EPS Next 3Y38.8%
5. Dividend
5.1 Amount
CEVA does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
22.73
+0.36 (+1.61%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSemiconductors & Semiconductor Equipment
GICS IndustrySemiconductors & Semiconductor Equipment
Earnings (Last)
Earnings (Next)
Inst Owners91.76%
Inst Owner Change3.4%
Ins Owners3.42%
Ins Owner Change15.6%
Market Cap542.79M
Analysts81.67
Price Target32.47 (42.85%)
Short Float %11.02%
Short Ratio9.69
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)8%
Min EPS beat(2)-15.97%
Max EPS beat(2)31.98%
EPS beat(4)2
Avg EPS beat(4)14.27%
Min EPS beat(4)-15.97%
Max EPS beat(4)41.21%
EPS beat(8)4
Avg EPS beat(8)50.88%
EPS beat(12)5
Avg EPS beat(12)17.52%
EPS beat(16)9
Avg EPS beat(16)15.46%
Revenue beat(2)0
Avg Revenue beat(2)-5.36%
Min Revenue beat(2)-9.83%
Max Revenue beat(2)-0.89%
Revenue beat(4)1
Avg Revenue beat(4)-1.85%
Min Revenue beat(4)-9.83%
Max Revenue beat(4)3.96%
Revenue beat(8)2
Avg Revenue beat(8)-2.15%
Revenue beat(12)3
Avg Revenue beat(12)-5%
Revenue beat(16)6
Avg Revenue beat(16)-4.94%
PT rev (1m)-6.37%
PT rev (3m)-14.35%
EPS NQ rev (1m)-26.76%
EPS NQ rev (3m)-35.8%
EPS NY rev (1m)-1.95%
EPS NY rev (3m)-4.89%
Revenue NQ rev (1m)-0.73%
Revenue NQ rev (3m)-6.77%
Revenue NY rev (1m)-0.12%
Revenue NY rev (3m)-0.12%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 59.82 | ||
| Fwd PE | 29.98 | ||
| P/S | 5.1 | ||
| P/FCF | N/A | ||
| P/OCF | 244.5 | ||
| P/B | 2.04 | ||
| P/tB | 2.63 | ||
| EV/EBITDA | N/A |
EPS(TTM)0.38
EY1.67%
EPS(NY)0.76
Fwd EY3.34%
FCF(TTM)-0.01
FCFYN/A
OCF(TTM)0.09
OCFY0.41%
SpS4.45
BVpS11.13
TBVpS8.63
PEG (NY)2.7
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -3.33% | ||
| ROE | -3.79% | ||
| ROCE | N/A | ||
| ROIC | N/A | ||
| ROICexc | N/A | ||
| ROICexgc | N/A | ||
| OM | N/A | ||
| PM (TTM) | N/A | ||
| GM | 86.49% | ||
| FCFM | N/A |
ROA(3y)-4.76%
ROA(5y)-2.99%
ROE(3y)-5.58%
ROE(5y)-3.51%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y0.67%
GM growth 5Y-0.05%
F-Score6
Asset Turnover0.35
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | N/A | ||
| Cap/Depr | 59.62% | ||
| Cap/Sales | 2.3% | ||
| Interest Coverage | N/A | ||
| Cash Conversion | N/A | ||
| Profit Quality | N/A | ||
| Current Ratio | 8.58 | ||
| Quick Ratio | 8.58 | ||
| Altman-Z | 9.79 |
F-Score6
WACC11.43%
ROIC/WACCN/A
Cap/Depr(3y)65%
Cap/Depr(5y)55.38%
Cap/Sales(3y)3.01%
Cap/Sales(5y)2.75%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)58.33%
EPS 3Y-17.12%
EPS 5Y-8.6%
EPS Q2Q%-58.82%
EPS Next Y22.18%
EPS Next 2Y43.16%
EPS Next 3Y38.8%
EPS Next 5YN/A
Revenue 1Y (TTM)7.71%
Revenue growth 3Y-4.48%
Revenue growth 5Y4.17%
Sales Q2Q%-9.7%
Revenue Next Year3.98%
Revenue Next 2Y9.59%
Revenue Next 3Y9.67%
Revenue Next 5YN/A
EBIT growth 1Y-8.87%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year45.06%
EBIT Next 3Y100.68%
EBIT Next 5YN/A
FCF growth 1Y96.91%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y147.74%
OCF growth 3Y-48.76%
OCF growth 5Y-18.53%