IMMERSION CORPORATION (IMMR)

US4525211078 - Common Stock

7.565  +0.05 (+0.6%)

Fundamental Rating

6

We assign a fundamental rating of 6 out of 10 to IMMR. IMMR was compared to 32 industry peers in the Technology Hardware, Storage & Peripherals industry. IMMR has an excellent financial health rating, but there are some minor concerns on its profitability. IMMR has a valuation in line with the averages, but on the other hand it scores bad on growth.



6

1. Profitability

1.1 Basic Checks

In the past year IMMR was profitable.
In the past year IMMR had a positive cash flow from operations.
Of the past 5 years IMMR 4 years were profitable.
Of the past 5 years IMMR 4 years had a positive operating cash flow.

1.2 Ratios

The Return On Assets of IMMR (15.75%) is better than 93.75% of its industry peers.
IMMR's Return On Equity of 18.56% is amongst the best of the industry. IMMR outperforms 87.50% of its industry peers.
IMMR has a Return On Invested Capital of 7.23%. This is in the better half of the industry: IMMR outperforms 71.88% of its industry peers.
IMMR had an Average Return On Invested Capital over the past 3 years of 9.10%. This is significantly below the industry average of 14.44%.
Industry RankSector Rank
ROA 15.75%
ROE 18.56%
ROIC 7.23%
ROA(3y)13%
ROA(5y)5.72%
ROE(3y)15.61%
ROE(5y)6.28%
ROIC(3y)9.1%
ROIC(5y)N/A

1.3 Margins

IMMR's Profit Margin of 100.21% is amongst the best of the industry. IMMR outperforms 100.00% of its industry peers.
In the last couple of years the Profit Margin of IMMR has grown nicely.
IMMR's Operating Margin of 52.86% is amongst the best of the industry. IMMR outperforms 100.00% of its industry peers.
In the last couple of years the Operating Margin of IMMR has grown nicely.
Industry RankSector Rank
OM 52.86%
PM (TTM) 100.21%
GM N/A
OM growth 3Y94.23%
OM growth 5Y2.01%
PM growth 3Y78.19%
PM growth 5Y15.41%
GM growth 3YN/A
GM growth 5YN/A

9

2. Health

2.1 Basic Checks

IMMR has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
The number of shares outstanding for IMMR has been reduced compared to 1 year ago.
The number of shares outstanding for IMMR has been increased compared to 5 years ago.
There is no outstanding debt for IMMR. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.

2.2 Solvency

An Altman-Z score of 5.43 indicates that IMMR is not in any danger for bankruptcy at the moment.
The Altman-Z score of IMMR (5.43) is better than 81.25% of its industry peers.
IMMR has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
Industry RankSector Rank
Debt/Equity 0
Debt/FCF 0
Altman-Z 5.43
ROIC/WACC0.74
WACC9.73%

2.3 Liquidity

IMMR has a Current Ratio of 8.93. This indicates that IMMR is financially healthy and has no problem in meeting its short term obligations.
IMMR has a Current ratio of 8.93. This is amongst the best in the industry. IMMR outperforms 90.63% of its industry peers.
A Quick Ratio of 8.93 indicates that IMMR has no problem at all paying its short term obligations.
Looking at the Quick ratio, with a value of 8.93, IMMR belongs to the top of the industry, outperforming 90.63% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 8.93
Quick Ratio 8.93

1

3. Growth

3.1 Past

IMMR shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 38.89%, which is quite impressive.
The Earnings Per Share has been decreasing by -9.60% on average over the past years.
Looking at the last year, IMMR shows a very negative growth in Revenue. The Revenue has decreased by -11.83% in the last year.
Measured over the past years, IMMR shows a very negative growth in Revenue. The Revenue has been decreasing by -21.11% on average per year.
EPS 1Y (TTM)38.89%
EPS 3Y47.44%
EPS 5Y-9.6%
EPS growth Q2Q15.56%
Revenue 1Y (TTM)-11.83%
Revenue growth 3Y3.61%
Revenue growth 5Y-21.11%
Revenue growth Q2Q13.32%

3.2 Future

No EPS estimates are available, so we could not analyze the future EPS growth and evolution.
No Revenue estimates are available, so we could not analyze the future revenue growth and evolution.
EPS Next Y-47.78%
EPS Next 2YN/A
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year28.88%
Revenue Next 2YN/A
Revenue Next 3YN/A
Revenue Next 5YN/A

3.3 Evolution

No EPS estimates are available, so we could not analyze the future EPS growth and evolution.
No Revenue estimates are available, so we could not analyze the future revenue growth and evolution.

6

4. Valuation

4.1 Price/Earnings Ratio

A Price/Earnings ratio of 6.05 indicates a rather cheap valuation of IMMR.
IMMR's Price/Earnings ratio is rather cheap when compared to the industry. IMMR is cheaper than 100.00% of the companies in the same industry.
IMMR's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 26.42.
The Price/Forward Earnings ratio is 11.59, which indicates a very decent valuation of IMMR.
Based on the Price/Forward Earnings ratio, IMMR is valued a bit cheaper than 71.88% of the companies in the same industry.
When comparing the Price/Forward Earnings ratio of IMMR to the average of the S&P500 Index (22.74), we can say IMMR is valued slightly cheaper.
Industry RankSector Rank
PE 6.05
Fwd PE 11.59

4.2 Price Multiples

IMMR's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. IMMR is cheaper than 78.13% of the companies in the same industry.
Industry RankSector Rank
P/FCF 11.64
EV/EBITDA -1.46

4.3 Compensation for Growth

IMMR has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2YN/A
EPS Next 3YN/A

3

5. Dividend

5.1 Amount

IMMR has a Yearly Dividend Yield of 1.93%.
Compared to an average industry Dividend Yield of 2.55, IMMR pays a better dividend. On top of this IMMR pays more dividend than 87.50% of the companies listed in the same industry.
Compared to an average S&P500 Dividend Yield of 2.34, IMMR has a dividend comparable with the average S&P500 company.
Industry RankSector Rank
Dividend Yield 1.93%

5.2 History

IMMR is new to the dividend game and has less than 3 years of track record.
Dividend Growth(5Y)N/A
Div Incr Years0
Div Non Decr Years0

5.3 Sustainability

IMMR pays out 21.80% of its income as dividend. This is a sustainable payout ratio.
DP21.8%
EPS Next 2YN/A
EPS Next 3YN/A

IMMERSION CORPORATION

NASDAQ:IMMR (3/28/2024, 12:17:57 PM)

7.565

+0.05 (+0.6%)

Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryTechnology Hardware, Storage & Peripherals
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap239.81M
Analysts
Price Target
Dividend
Industry RankSector Rank
Dividend Yield 1.93%
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
Avg EPS beat(2)
Min EPS beat(2)
Max EPS beat(2)
EPS beat(4)
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EPS beat(12)
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EPS beat(16)
Avg EPS beat(16)
Revenue beat(2)
Avg Revenue beat(2)
Min Revenue beat(2)
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Revenue beat(4)
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Revenue beat(8)
Avg Revenue beat(8)
Revenue beat(12)
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Revenue beat(16)
Avg Revenue beat(16)
PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
Revenue NQ rev (3m)
Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
Industry RankSector Rank
PE 6.05
Fwd PE 11.59
P/S
P/FCF
P/OCF
P/B
P/tB
EV/EBITDA
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA 15.75%
ROE 18.56%
ROCE
ROIC
ROICexc
ROICexgc
OM 52.86%
PM (TTM) 100.21%
GM N/A
FCFM
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover0.16
Health
Industry RankSector Rank
Debt/Equity 0
Debt/FCF
Debt/EBITDA
Cap/Depr
Cap/Sales
Interest Coverage
Cash Conversion
Profit Quality
Current Ratio 8.93
Quick Ratio 8.93
Altman-Z
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
Growth
EPS 1Y (TTM)38.89%
EPS 3Y47.44%
EPS 5Y
EPS growth Q2Q
EPS Next Y-47.78%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)-11.83%
Revenue growth 3Y3.61%
Revenue growth 5Y
Revenue growth Q2Q
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y