EVERSPIN TECHNOLOGIES INC (MRAM) Fundamental Analysis & Valuation
NASDAQ:MRAM • US30041T1043
8.76 USD
-0.36 (-3.89%)
At close: Mar 6, 2026
8.75 USD
-0.01 (-0.11%)
After Hours: 3/6/2026, 8:00:02 PM
This MRAM fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.
We assign a fundamental rating of 4 out of 10 to MRAM. MRAM was compared to 115 industry peers in the Semiconductors & Semiconductor Equipment industry. While MRAM has a great health rating, there are worries on its profitability. MRAM does not seem to be growing, but still is valued expensively.
1. MRAM Profitability Analysis
1.1 Basic Checks
- In the past year MRAM was profitable.
- In the past year MRAM had a positive cash flow from operations.
- MRAM had positive earnings in 4 of the past 5 years.
- MRAM had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
- MRAM has a Return On Assets of -0.71%. This is comparable to the rest of the industry: MRAM outperforms 46.09% of its industry peers.
- MRAM has a Return On Equity of -0.86%. This is comparable to the rest of the industry: MRAM outperforms 46.09% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -0.71% | ||
| ROE | -0.86% | ||
| ROIC | N/A |
ROA(3y)8.51%
ROA(5y)2.08%
ROE(3y)11.3%
ROE(5y)0.19%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
- MRAM's Profit Margin has declined in the last couple of years.
- MRAM's Gross Margin of 51.31% is fine compared to the rest of the industry. MRAM outperforms 65.22% of its industry peers.
- MRAM's Gross Margin has been stable in the last couple of years.
- The Profit Margin and Operating Margin are not available for MRAM so they could not be analyzed.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | N/A | ||
| PM (TTM) | N/A | ||
| GM | 51.31% |
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y-41.82%
PM growth 5YN/A
GM growth 3Y-4.74%
GM growth 5Y1.18%
2. MRAM Health Analysis
2.1 Basic Checks
- MRAM does not have a ROIC to compare to the WACC, probably because it is not profitable.
- Compared to 1 year ago, MRAM has more shares outstanding
- MRAM has more shares outstanding than it did 5 years ago.
- There is no outstanding debt for MRAM. 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
- MRAM has an Altman-Z score of 7.44. This indicates that MRAM is financially healthy and has little risk of bankruptcy at the moment.
- With a decent Altman-Z score value of 7.44, MRAM is doing good in the industry, outperforming 66.09% of the companies in the same industry.
- There is no outstanding debt for MRAM. 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 | 0 | ||
| Altman-Z | 7.44 |
ROIC/WACCN/A
WACC11.18%
2.3 Liquidity
- MRAM has a Current Ratio of 5.84. This indicates that MRAM is financially healthy and has no problem in meeting its short term obligations.
- MRAM has a better Current ratio (5.84) than 76.52% of its industry peers.
- MRAM has a Quick Ratio of 4.81. This indicates that MRAM is financially healthy and has no problem in meeting its short term obligations.
- MRAM has a Quick ratio of 4.81. This is in the better half of the industry: MRAM outperforms 74.78% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 5.84 | ||
| Quick Ratio | 4.81 |
3. MRAM Growth Analysis
3.1 Past
- The earnings per share for MRAM have decreased strongly by -32.72% in the last year.
- MRAM shows a very negative growth in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -23.94% yearly.
EPS 1Y (TTM)-32.72%
EPS 3Y-23.94%
EPS 5YN/A
EPS Q2Q%-5.98%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%11.76%
3.2 Future
- MRAM is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 6.58% yearly.
- Based on estimates for the next years, MRAM will show a quite strong growth in Revenue. The Revenue will grow by 8.86% on average per year.
EPS Next Y40.48%
EPS Next 2Y6.58%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year9.39%
Revenue Next 2Y8.86%
Revenue Next 3YN/A
Revenue Next 5YN/A
3.3 Evolution
- The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
4. MRAM Valuation Analysis
4.1 Price/Earnings Ratio
- Based on the Price/Earnings ratio of 39.82, the valuation of MRAM can be described as expensive.
- 70.43% of the companies in the same industry are more expensive than MRAM, based on the Price/Earnings ratio.
- Compared to an average S&P500 Price/Earnings ratio of 26.29, MRAM is valued quite expensively.
- The Price/Forward Earnings ratio is 28.34, which means the current valuation is very expensive for MRAM.
- MRAM's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. MRAM is cheaper than 67.83% of the companies in the same industry.
- MRAM is valuated at similar levels of the S&P average when we compare the Price/Forward Earnings ratio to 24.57, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 39.82 | ||
| Fwd PE | 28.34 |
4.2 Price Multiples
- Based on the Price/Free Cash Flow ratio, MRAM is valued a bit cheaper than 71.30% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 42.81 | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
- MRAM's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
PEG (NY)0.98
PEG (5Y)N/A
EPS Next 2Y6.58%
EPS Next 3YN/A
5. MRAM Dividend Analysis
5.1 Amount
- No dividends for MRAM!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0% |
MRAM Fundamentals: All Metrics, Ratios and Statistics
8.76
-0.36 (-3.89%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSemiconductors & Semiconductor Equipment
GICS IndustrySemiconductors & Semiconductor Equipment
Earnings (Last)03-04 2026-03-04/amc
Earnings (Next)04-28 2026-04-28
Inst Owners62.94%
Inst Owner Change10.18%
Ins Owners5.02%
Ins Owner Change-2.02%
Market Cap200.25M
Revenue(TTM)N/A
Net Income(TTM)-568.00K
Analysts82.5
Price Target13.01 (48.52%)
Short Float %2.99%
Short Ratio0.86
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0% |
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)2
Avg EPS beat(2)24.18%
Min EPS beat(2)17.65%
Max EPS beat(2)30.72%
EPS beat(4)4
Avg EPS beat(4)336.68%
Min EPS beat(4)17.65%
Max EPS beat(4)1207.19%
EPS beat(8)8
Avg EPS beat(8)401.03%
EPS beat(12)12
Avg EPS beat(12)293.44%
EPS beat(16)16
Avg EPS beat(16)625.95%
Revenue beat(2)0
Avg Revenue beat(2)-0.99%
Min Revenue beat(2)-1.54%
Max Revenue beat(2)-0.44%
Revenue beat(4)2
Avg Revenue beat(4)1.23%
Min Revenue beat(4)-1.54%
Max Revenue beat(4)3.87%
Revenue beat(8)4
Avg Revenue beat(8)0.67%
Revenue beat(12)8
Avg Revenue beat(12)1.3%
Revenue beat(16)12
Avg Revenue beat(16)1.75%
PT rev (1m)21.43%
PT rev (3m)21.43%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0%
EPS NY rev (1m)0%
EPS NY rev (3m)7.14%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.18%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 39.82 | ||
| Fwd PE | 28.34 | ||
| P/S | 3.73 | ||
| P/FCF | 42.81 | ||
| P/OCF | 17.93 | ||
| P/B | 3.04 | ||
| P/tB | 3.14 | ||
| EV/EBITDA | N/A |
EPS(TTM)0.22
EY2.51%
EPS(NY)0.31
Fwd EY3.53%
FCF(TTM)0.2
FCFY2.34%
OCF(TTM)0.49
OCFY5.58%
SpS2.35
BVpS2.88
TBVpS2.79
PEG (NY)0.98
PEG (5Y)N/A
Graham Number3.78
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -0.71% | ||
| ROE | -0.86% | ||
| ROCE | N/A | ||
| ROIC | N/A | ||
| ROICexc | N/A | ||
| ROICexgc | N/A | ||
| OM | N/A | ||
| PM (TTM) | N/A | ||
| GM | 51.31% | ||
| FCFM | 8.72% |
ROA(3y)8.51%
ROA(5y)2.08%
ROE(3y)11.3%
ROE(5y)0.19%
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
ROICexgc growth 3YN/A
ROICexgc growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y-41.82%
PM growth 5YN/A
GM growth 3Y-4.74%
GM growth 5Y1.18%
F-Score3
Asset Turnover0.67
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | 0 | ||
| Debt/EBITDA | N/A | ||
| Cap/Depr | 209.73% | ||
| Cap/Sales | 12.1% | ||
| Interest Coverage | N/A | ||
| Cash Conversion | N/A | ||
| Profit Quality | N/A | ||
| Current Ratio | 5.84 | ||
| Quick Ratio | 4.81 | ||
| Altman-Z | 7.44 |
F-Score3
WACC11.18%
ROIC/WACCN/A
Cap/Depr(3y)192.66%
Cap/Depr(5y)132.94%
Cap/Sales(3y)4.31%
Cap/Sales(5y)3.11%
Profit Quality(3y)251.99%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-32.72%
EPS 3Y-23.94%
EPS 5YN/A
EPS Q2Q%-5.98%
EPS Next Y40.48%
EPS Next 2Y6.58%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%11.76%
Revenue Next Year9.39%
Revenue Next 2Y8.86%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y-77.22%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year1162.5%
EBIT Next 3Y181.26%
EBIT Next 5YN/A
FCF growth 1Y-66.03%
FCF growth 3Y-21.44%
FCF growth 5YN/A
OCF growth 1Y-31.56%
OCF growth 3Y-8.8%
OCF growth 5YN/A
EVERSPIN TECHNOLOGIES INC / MRAM FAQ
Can you provide the ChartMill fundamental rating for EVERSPIN TECHNOLOGIES INC?
ChartMill assigns a fundamental rating of 4 / 10 to MRAM.
What is the valuation status for MRAM stock?
ChartMill assigns a valuation rating of 3 / 10 to EVERSPIN TECHNOLOGIES INC (MRAM). This can be considered as Overvalued.
Can you provide the profitability details for EVERSPIN TECHNOLOGIES INC?
EVERSPIN TECHNOLOGIES INC (MRAM) has a profitability rating of 3 / 10.
Can you provide the financial health for MRAM stock?
The financial health rating of EVERSPIN TECHNOLOGIES INC (MRAM) is 8 / 10.