NVE CORP (NVEC) Stock Fundamental Analysis
USA - NASDAQ:NVEC - US6294452064 - Common Stock
65.17 USD
-0.61 (-0.93%)
65.17 USD
0 (0%)
NVEC gets a fundamental rating of 6 out of 10. The analysis compared the fundamentals against 112 industry peers in the Semiconductors & Semiconductor Equipment industry. Both the health and profitability get an excellent rating, making NVEC a very profitable company, without any liquidiy or solvency issues. NVEC is valued correctly, but it does not seem to be growing.
1. Profitability
1.1 Basic Checks
NVEC had positive earnings in the past year.
In the past year NVEC had a positive cash flow from operations.
Each year in the past 5 years NVEC has been profitable.
Each year in the past 5 years NVEC had a positive operating cash flow.
1.2 Ratios
NVEC's Return On Assets of 22.88% is amongst the best of the industry. NVEC outperforms 95.54% of its industry peers.
NVEC has a Return On Equity of 23.81%. This is amongst the best in the industry. NVEC outperforms 89.29% of its industry peers.
NVEC has a Return On Invested Capital of 20.77%. This is amongst the best in the industry. NVEC outperforms 93.75% of its industry peers.
NVEC had an Average Return On Invested Capital over the past 3 years of 25.49%. This is significantly above the industry average of 10.93%.
The last Return On Invested Capital (20.77%) for NVEC is well below the 3 year average (25.49%), which needs to be investigated, but indicates that NVEC had better years and this may not be a problem.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 22.88% | ||
| ROE | 23.81% | ||
| ROIC | 20.77% |
ROA(3y)27.27%
ROA(5y)23.89%
ROE(3y)28.04%
ROE(5y)24.61%
ROIC(3y)25.49%
ROIC(5y)22.48%
1.3 Margins
NVEC has a Profit Margin of 57.72%. This is amongst the best in the industry. NVEC outperforms 98.21% of its industry peers.
In the last couple of years the Profit Margin of NVEC has remained more or less at the same level.
Looking at the Operating Margin, with a value of 61.08%, NVEC belongs to the top of the industry, outperforming 100.00% of the companies in the same industry.
NVEC's Operating Margin has been stable in the last couple of years.
The Gross Margin of NVEC (82.37%) is better than 98.21% of its industry peers.
NVEC's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 61.08% | ||
| PM (TTM) | 57.72% | ||
| GM | 82.37% |
OM growth 3Y0.72%
OM growth 5Y0.25%
PM growth 3Y2.69%
PM growth 5Y0.36%
GM growth 3Y2.89%
GM growth 5Y0.7%
2. Health
2.1 Basic Checks
NVEC has a Return on Invested Capital (ROIC), which is well above the Cost of Capital (WACC), which means it is creating value.
Compared to 1 year ago, NVEC has about the same amount of shares outstanding.
NVEC has more shares outstanding than it did 5 years ago.
There is no outstanding debt for NVEC. 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 79.38 indicates that NVEC is not in any danger for bankruptcy at the moment.
Looking at the Altman-Z score, with a value of 79.38, NVEC belongs to the top of the industry, outperforming 98.21% of the companies in the same industry.
There is no outstanding debt for NVEC. 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 | 79.38 |
ROIC/WACC1.8
WACC11.55%
2.3 Liquidity
NVEC has a Current Ratio of 16.10. This indicates that NVEC is financially healthy and has no problem in meeting its short term obligations.
NVEC has a better Current ratio (16.10) than 98.21% of its industry peers.
A Quick Ratio of 11.51 indicates that NVEC has no problem at all paying its short term obligations.
The Quick ratio of NVEC (11.51) is better than 98.21% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 16.1 | ||
| Quick Ratio | 11.51 |
3. Growth
3.1 Past
The earnings per share for NVEC have decreased strongly by -13.63% in the last year.
NVEC shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 0.74% yearly.
Looking at the last year, NVEC shows a decrease in Revenue. The Revenue has decreased by -9.21% in the last year.
The Revenue has been growing slightly by 0.36% on average over the past years.
EPS 1Y (TTM)-13.63%
EPS 3Y1.24%
EPS 5Y0.74%
EPS Q2Q%-12.94%
Revenue 1Y (TTM)-9.21%
Revenue growth 3Y-1.4%
Revenue growth 5Y0.36%
Sales Q2Q%-9.88%
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 YN/A
EPS Next 2YN/A
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next YearN/A
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.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 21.65, which indicates a rather expensive current valuation of NVEC.
Compared to the rest of the industry, the Price/Earnings ratio of NVEC indicates a rather cheap valuation: NVEC is cheaper than 80.36% of the companies listed in the same industry.
The average S&P500 Price/Earnings ratio is at 27.32. NVEC is valued slightly cheaper when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 21.65 | ||
| Fwd PE | N/A |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, NVEC is valued a bit cheaper than 73.21% of the companies in the same industry.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of NVEC indicates a rather cheap valuation: NVEC is cheaper than 82.14% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 25.75 | ||
| EV/EBITDA | 18.25 |
4.3 Compensation for Growth
NVEC has an outstanding profitability rating, which may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)29.14
EPS Next 2YN/A
EPS Next 3YN/A
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 6.08%, NVEC is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 2.19, NVEC pays a better dividend. On top of this NVEC pays more dividend than 98.21% of the companies listed in the same industry.
Compared to an average S&P500 Dividend Yield of 2.42, NVEC pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.08% |
5.2 History
The dividend of NVEC decreases each year by -0.19%.
NVEC has been paying a dividend for at least 10 years, so it has a reliable track record.
As NVEC did not decrease their dividend in the past 5 years, we can say the dividend looks stable.
Dividend Growth(5Y)-0.19%
Div Incr Years0
Div Non Decr Years8
5.3 Sustainability
NVEC pays out 133.01% of its income as dividend. This is not a sustainable payout ratio.
DP133.01%
EPS Next 2YN/A
EPS Next 3YN/A
65.17
-0.61 (-0.93%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSemiconductors & Semiconductor Equipment
GICS IndustrySemiconductors & Semiconductor Equipment
Earnings (Last)
Earnings (Next)
Inst Owners76.73%
Inst Owner Change4%
Ins Owners0.05%
Ins Owner Change0.14%
Market Cap315.42M
Analysts43.33
Price TargetN/A
Short Float %6.24%
Short Ratio5.44
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 6.08% |
Yearly Dividend4
Dividend Growth(5Y)-0.19%
DP133.01%
Div Incr Years0
Div Non Decr Years8
Ex-Date
Surprises & Revisions
EPS beat(2)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)N/A
Avg Revenue beat(2)N/A
Min Revenue beat(2)N/A
Max Revenue beat(2)N/A
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)N/A
PT rev (3m)N/A
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)N/A
EPS NY rev (3m)N/A
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)N/A
Revenue NY rev (3m)N/A
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 21.65 | ||
| Fwd PE | N/A | ||
| P/S | 12.52 | ||
| P/FCF | 25.75 | ||
| P/OCF | 23.11 | ||
| P/B | 5.16 | ||
| P/tB | 5.16 | ||
| EV/EBITDA | 18.25 |
EPS(TTM)3.01
EY4.62%
EPS(NY)N/A
Fwd EYN/A
FCF(TTM)2.53
FCFY3.88%
OCF(TTM)2.82
OCFY4.33%
SpS5.21
BVpS12.62
TBVpS12.62
PEG (NY)N/A
PEG (5Y)29.14
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 22.88% | ||
| ROE | 23.81% | ||
| ROCE | 24.85% | ||
| ROIC | 20.77% | ||
| ROICexc | 27.9% | ||
| ROICexgc | 27.9% | ||
| OM | 61.08% | ||
| PM (TTM) | 57.72% | ||
| GM | 82.37% | ||
| FCFM | 48.62% |
ROA(3y)27.27%
ROA(5y)23.89%
ROE(3y)28.04%
ROE(5y)24.61%
ROIC(3y)25.49%
ROIC(5y)22.48%
ROICexc(3y)36.82%
ROICexc(5y)34.16%
ROICexgc(3y)36.82%
ROICexgc(5y)34.16%
ROCE(3y)30.5%
ROCE(5y)26.89%
ROICexcg growth 3Y-7.17%
ROICexcg growth 5Y5.12%
ROICexc growth 3Y-7.17%
ROICexc growth 5Y5.12%
OM growth 3Y0.72%
OM growth 5Y0.25%
PM growth 3Y2.69%
PM growth 5Y0.36%
GM growth 3Y2.89%
GM growth 5Y0.7%
F-Score4
Asset Turnover0.4
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | 0 | ||
| Debt/EBITDA | 0 | ||
| Cap/Depr | 418.86% | ||
| Cap/Sales | 5.55% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 86.81% | ||
| Profit Quality | 84.23% | ||
| Current Ratio | 16.1 | ||
| Quick Ratio | 11.51 | ||
| Altman-Z | 79.38 |
F-Score4
WACC11.55%
ROIC/WACC1.8
Cap/Depr(3y)251.57%
Cap/Depr(5y)176.02%
Cap/Sales(3y)2.46%
Cap/Sales(5y)1.89%
Profit Quality(3y)91.03%
Profit Quality(5y)93.94%
High Growth Momentum
Growth
EPS 1Y (TTM)-13.63%
EPS 3Y1.24%
EPS 5Y0.74%
EPS Q2Q%-12.94%
EPS Next YN/A
EPS Next 2YN/A
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)-9.21%
Revenue growth 3Y-1.4%
Revenue growth 5Y0.36%
Sales Q2Q%-9.88%
Revenue Next YearN/A
Revenue Next 2YN/A
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y-12.27%
EBIT growth 3Y-0.69%
EBIT growth 5Y0.62%
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-38.35%
FCF growth 3Y2.79%
FCF growth 5Y-3.81%
OCF growth 1Y-34.35%
OCF growth 3Y4.61%
OCF growth 5Y-2.08%