EVERSPIN TECHNOLOGIES INC (MRAM)
US30041T1043 - Common Stock
MRAM gets a fundamental rating of 6 out of 10. The analysis compared the fundamentals against 107 industry peers in the Semiconductors & Semiconductor Equipment industry. MRAM has an excellent financial health rating, but there are some minor concerns on its profitability. MRAM is valued quite cheap, while showing a decent growth score. This is a good combination! These ratings could make MRAM a good candidate for value investing.
1. Profitability
1.1 Basic Checks
MRAM had positive earnings in the past year.
In the past year MRAM had a positive cash flow from operations.
In multiple years MRAM reported negative net income over the last 5 years.
The reported operating cash flow has been mixed in the past 5 years: MRAM reported negative operating cash flow in multiple years.
1.2 Ratios
MRAM has a better Return On Assets (13.46%) than 83.96% of its industry peers.
MRAM has a Return On Equity of 16.80%. This is amongst the best in the industry. MRAM outperforms 80.19% of its industry peers.
MRAM has a better Return On Invested Capital (7.95%) than 73.58% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for MRAM is in line with the industry average of 10.36%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 13.46% | ||
| ROE | 16.8% | ||
| ROIC | 7.95% |
ROA(3y)11.85%
ROA(5y)-6.42%
ROE(3y)16.19%
ROE(5y)-15.93%
ROIC(3y)10.91%
ROIC(5y)N/A
1.3 Margins
MRAM's Profit Margin of 14.20% is fine compared to the rest of the industry. MRAM outperforms 67.92% of its industry peers.
MRAM has a Operating Margin of 9.23%. This is in the better half of the industry: MRAM outperforms 61.32% of its industry peers.
With an excellent Gross Margin value of 58.40%, MRAM belongs to the best of the industry, outperforming 80.19% of the companies in the same industry.
In the last couple of years the Gross Margin of MRAM has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 9.23% | ||
| PM (TTM) | 14.2% | ||
| GM | 58.4% |
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y10.71%
GM growth 5Y2.65%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), MRAM is destroying value.
Compared to 1 year ago, MRAM has more shares outstanding
Compared to 5 years ago, MRAM has more shares outstanding
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
An Altman-Z score of 5.16 indicates that MRAM is not in any danger for bankruptcy at the moment.
With a decent Altman-Z score value of 5.16, MRAM is doing good in the industry, outperforming 63.21% 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 | 5.16 |
ROIC/WACC0.64
WACC12.5%
2.3 Liquidity
MRAM has a Current Ratio of 6.59. This indicates that MRAM is financially healthy and has no problem in meeting its short term obligations.
MRAM has a better Current ratio (6.59) than 87.74% of its industry peers.
A Quick Ratio of 5.64 indicates that MRAM has no problem at all paying its short term obligations.
MRAM's Quick ratio of 5.64 is amongst the best of the industry. MRAM outperforms 87.74% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 6.59 | ||
| Quick Ratio | 5.64 |
3. Growth
3.1 Past
MRAM shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 8.00%, which is quite good.
The Revenue has been growing slightly by 6.31% in the past year.
The Revenue has been growing slightly by 5.23% on average over the past years.
EPS 1Y (TTM)8%
EPS 3YN/A
EPS 5YN/A
EPS growth Q2Q100%
Revenue 1Y (TTM)6.31%
Revenue growth 3Y14.91%
Revenue growth 5Y5.23%
Revenue growth Q2Q6.48%
3.2 Future
The Earnings Per Share is expected to grow by 18.46% on average over the next years. This is quite good.
MRAM is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 13.72% yearly.
EPS Next Y-18.78%
EPS Next 2Y18.23%
EPS Next 3Y18.46%
EPS Next 5YN/A
Revenue Next Year-4.23%
Revenue Next 2Y9.55%
Revenue Next 3Y13.72%
Revenue Next 5YN/A
3.3 Evolution
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
The Price/Earnings ratio is 11.54, which indicates a very decent valuation of MRAM.
94.34% of the companies in the same industry are more expensive than MRAM, based on the Price/Earnings ratio.
When comparing the Price/Earnings ratio of MRAM to the average of the S&P500 Index (28.56), we can say MRAM is valued rather cheaply.
The Price/Forward Earnings ratio is 14.20, which indicates a correct valuation of MRAM.
Compared to the rest of the industry, the Price/Forward Earnings ratio of MRAM indicates a rather cheap valuation: MRAM is cheaper than 86.79% of the companies listed in the same industry.
MRAM is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 20.34, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.54 | ||
| Fwd PE | 14.2 |
4.2 Price Multiples
83.02% of the companies in the same industry are more expensive than MRAM, based on the Enterprise Value to EBITDA ratio.
94.34% of the companies in the same industry are more expensive than MRAM, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 11.36 | ||
| EV/EBITDA | 13.39 |
4.3 Compensation for Growth
MRAM has a very decent profitability rating, which may justify a higher PE ratio.
MRAM's earnings are expected to grow with 18.46% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y18.23%
EPS Next 3Y18.46%
5. Dividend
5.1 Amount
MRAM does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
EVERSPIN TECHNOLOGIES INC
NASDAQ:MRAM (5/14/2024, 7:00:02 PM)
After market: 6.54 +0.31 (+4.98%)6.23
+0.06 (+0.97%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSemiconductors & Semiconductor Equipment
GICS IndustrySemiconductors & Semiconductor Equipment
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap133.20M
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
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(8)
Avg EPS beat(8)
EPS beat(12)
Avg EPS beat(12)
EPS beat(16)
Avg EPS beat(16)
Revenue beat(2)
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Min Revenue beat(2)
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Revenue beat(4)
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Revenue beat(8)
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Revenue beat(12)
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Revenue beat(16)
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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 Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.54 | ||
| Fwd PE | 14.2 | ||
| 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 Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 13.46% | ||
| ROE | 16.8% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 9.23% | ||
| PM (TTM) | 14.2% | ||
| GM | 58.4% | ||
| 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 Turnover0.95
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 6.59 | ||
| Quick Ratio | 5.64 | ||
| 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)8%
EPS 3YN/A
EPS 5Y
EPS growth Q2Q
EPS Next Y-18.78%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)6.31%
Revenue growth 3Y14.91%
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