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NVE CORP (NVEC) Stock Fundamental Analysis

NASDAQ:NVEC - Nasdaq - US6294452064 - Common Stock - Currency: USD

72.195  +1.16 (+1.64%)

After market: 72.19 0 (-0.01%)

Fundamental Rating

6

Taking everything into account, NVEC scores 6 out of 10 in our fundamental rating. NVEC was compared to 110 industry peers in the Semiconductors & Semiconductor Equipment industry. NVEC has outstanding health and profitabily ratings, belonging to the best of the industry. This is a solid base for any company. NVEC has a valuation in line with the averages, but it does not seem to be growing.


Dividend Valuation Growth Profitability Health

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9

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.
NVEC had a positive operating cash flow in each of the past 5 years.
NVEC Yearly Net Income VS EBIT VS OCF VS FCFNVEC Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 5M 10M 15M 20M 25M

1.2 Ratios

NVEC has a better Return On Assets (23.20%) than 94.55% of its industry peers.
NVEC has a Return On Equity of 23.80%. This is amongst the best in the industry. NVEC outperforms 89.09% of its industry peers.
NVEC's Return On Invested Capital of 20.73% is amongst the best of the industry. NVEC outperforms 93.64% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for NVEC is significantly above the industry average of 11.17%.
The last Return On Invested Capital (20.73%) for NVEC is well below the 3 year average (25.47%), which needs to be investigated, but indicates that NVEC had better years and this may not be a problem.
Industry RankSector Rank
ROA 23.2%
ROE 23.8%
ROIC 20.73%
ROA(3y)26.63%
ROA(5y)22.86%
ROE(3y)27.46%
ROE(5y)23.5%
ROIC(3y)25.47%
ROIC(5y)21.56%
NVEC Yearly ROA, ROE, ROICNVEC Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 10 20 30

1.3 Margins

NVEC's Profit Margin of 58.34% is amongst the best of the industry. NVEC outperforms 98.18% of its industry peers.
In the last couple of years the Profit Margin of NVEC has remained more or less at the same level.
NVEC has a better Operating Margin (61.53%) than 99.09% of its industry peers.
NVEC's Operating Margin has been stable in the last couple of years.
Looking at the Gross Margin, with a value of 82.64%, NVEC belongs to the top of the industry, outperforming 98.18% of the companies in the same industry.
NVEC's Gross Margin has been stable in the last couple of years.
Industry RankSector Rank
OM 61.53%
PM (TTM) 58.34%
GM 82.64%
OM growth 3Y1.39%
OM growth 5Y0.65%
PM growth 3Y1.65%
PM growth 5Y0.95%
GM growth 3Y-1.42%
GM growth 5Y-0.77%
NVEC Yearly Profit, Operating, Gross MarginsNVEC Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 20 40 60 80

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9

2. Health

2.1 Basic Checks

With a Return on Invested Capital (ROIC) well above the Cost of Capital (WACC), NVEC is creating value.
The number of shares outstanding for NVEC has been increased compared to 1 year ago.
The number of shares outstanding for NVEC has been increased compared to 5 years ago.
NVEC has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
NVEC Yearly Shares OutstandingNVEC Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 1M 2M 3M 4M
NVEC Yearly Total Debt VS Total AssetsNVEC Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 20M 40M 60M 80M 100M

2.2 Solvency

NVEC has an Altman-Z score of 132.42. This indicates that NVEC is financially healthy and has little risk of bankruptcy at the moment.
NVEC's Altman-Z score of 132.42 is amongst the best of the industry. NVEC outperforms 100.00% of its industry peers.
NVEC 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 132.42
ROIC/WACC1.81
WACC11.43%
NVEC Yearly LT Debt VS Equity VS FCFNVEC Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 20M 40M 60M 80M 100M

2.3 Liquidity

A Current Ratio of 40.30 indicates that NVEC has no problem at all paying its short term obligations.
NVEC has a better Current ratio (40.30) than 100.00% of its industry peers.
A Quick Ratio of 29.94 indicates that NVEC has no problem at all paying its short term obligations.
Looking at the Quick ratio, with a value of 29.94, NVEC belongs to the top of the industry, outperforming 100.00% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 40.3
Quick Ratio 29.94
NVEC Yearly Current Assets VS Current LiabilitesNVEC Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 10M 20M 30M 40M

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1

3. Growth

3.1 Past

NVEC shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -24.71%.
NVEC shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 3.43% yearly.
NVEC shows a very negative growth in Revenue. In the last year, the Revenue has decreased by -22.08%.
The Revenue has been growing slightly by 2.40% on average over the past years.
EPS 1Y (TTM)-24.71%
EPS 3Y13.5%
EPS 5Y3.43%
EPS Q2Q%1.27%
Revenue 1Y (TTM)-22.08%
Revenue growth 3Y11.73%
Revenue growth 5Y2.4%
Sales Q2Q%-1.84%

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.
NVEC Yearly Revenue VS EstimatesNVEC Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 10M 20M 30M
NVEC Yearly EPS VS EstimatesNVEC Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2024 1 2 3

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4

4. Valuation

4.1 Price/Earnings Ratio

Based on the Price/Earnings ratio of 20.34, the valuation of NVEC can be described as rather expensive.
74.55% of the companies in the same industry are more expensive than NVEC, based on the Price/Earnings ratio.
When comparing the Price/Earnings ratio of NVEC to the average of the S&P500 Index (26.68), we can say NVEC is valued slightly cheaper.
Industry RankSector Rank
PE 20.34
Fwd PE N/A
NVEC Price Earnings VS Forward Price EarningsNVEC Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 0 0 0 0

4.2 Price Multiples

Based on the Enterprise Value to EBITDA ratio, NVEC is valued a bit cheaper than 67.27% of the companies in the same industry.
Based on the Price/Free Cash Flow ratio, NVEC is valued a bit cheaper than 76.36% of the companies in the same industry.
Industry RankSector Rank
P/FCF 25.32
EV/EBITDA 19.39
NVEC Per share dataNVEC EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 2 4 6 8 10

4.3 Compensation for Growth

NVEC has an outstanding profitability rating, which may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)5.94
EPS Next 2YN/A
EPS Next 3YN/A

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6

5. Dividend

5.1 Amount

With a Yearly Dividend Yield of 5.63%, NVEC is a good candidate for dividend investing.
NVEC's Dividend Yield is rather good when compared to the industry average which is at 2.40. NVEC pays more dividend than 98.18% of the companies in the same industry.
NVEC's Dividend Yield is rather good when compared to the S&P500 average which is at 2.36.
Industry RankSector Rank
Dividend Yield 5.63%

5.2 History

The dividend of NVEC decreases each year by -0.11%.
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)-0.11%
Div Incr Years0
Div Non Decr Years8
NVEC Yearly Dividends per shareNVEC Yearly Dividends per shareYearly Dividends per share 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 1 2 3 4 5

5.3 Sustainability

NVEC pays out 129.04% of its income as dividend. This is not a sustainable payout ratio.
DP129.04%
EPS Next 2YN/A
EPS Next 3YN/A
NVEC Yearly Income VS Free CF VS DividendNVEC Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 5M 10M 15M 20M
NVEC Dividend Payout.NVEC Dividend Payout, showing the Payout Ratio.NVEC Dividend Payout.PayoutRetained Earnings

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NVE CORP

NASDAQ:NVEC (5/16/2025, 8:08:45 PM)

After market: 72.19 0 (-0.01%)

72.195

+1.16 (+1.64%)

Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSemiconductors & Semiconductor Equipment
GICS IndustrySemiconductors & Semiconductor Equipment
Earnings (Last)05-07 2025-05-07/amc
Earnings (Next)07-15 2025-07-15
Inst Owners71.43%
Inst Owner Change3.44%
Ins Owners0.04%
Ins Owner Change0.14%
Market Cap349.42M
Analysts43.33
Price TargetN/A
Short Float %2.41%
Short Ratio4.8
Dividend
Industry RankSector Rank
Dividend Yield 5.63%
Yearly Dividend4.01
Dividend Growth(5Y)-0.11%
DP129.04%
Div Incr Years0
Div Non Decr Years8
Ex-Date05-19 2025-05-19 (1)
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 RankSector Rank
PE 20.34
Fwd PE N/A
P/S 13.6
P/FCF 25.32
P/OCF 23.36
P/B 5.55
P/tB 5.55
EV/EBITDA 19.39
EPS(TTM)3.55
EY4.92%
EPS(NY)N/A
Fwd EYN/A
FCF(TTM)2.85
FCFY3.95%
OCF(TTM)3.09
OCFY4.28%
SpS5.31
BVpS13.01
TBVpS13.01
PEG (NY)N/A
PEG (5Y)5.94
Profitability
Industry RankSector Rank
ROA 23.2%
ROE 23.8%
ROCE 24.76%
ROIC 20.73%
ROICexc 30.46%
ROICexgc 30.46%
OM 61.53%
PM (TTM) 58.34%
GM 82.64%
FCFM 53.71%
ROA(3y)26.63%
ROA(5y)22.86%
ROE(3y)27.46%
ROE(5y)23.5%
ROIC(3y)25.47%
ROIC(5y)21.56%
ROICexc(3y)39.57%
ROICexc(5y)32.78%
ROICexgc(3y)39.57%
ROICexgc(5y)32.78%
ROCE(3y)30.43%
ROCE(5y)25.76%
ROICexcg growth 3Y21.25%
ROICexcg growth 5Y11.11%
ROICexc growth 3Y21.25%
ROICexc growth 5Y11.11%
OM growth 3Y1.39%
OM growth 5Y0.65%
PM growth 3Y1.65%
PM growth 5Y0.95%
GM growth 3Y-1.42%
GM growth 5Y-0.77%
F-Score5
Asset Turnover0.4
Health
Industry RankSector Rank
Debt/Equity 0
Debt/FCF 0
Debt/EBITDA 0
Cap/Depr 295.2%
Cap/Sales 4.53%
Interest Coverage 250
Cash Conversion 92.35%
Profit Quality 92.08%
Current Ratio 40.3
Quick Ratio 29.94
Altman-Z 132.42
F-Score5
WACC11.43%
ROIC/WACC1.81
Cap/Depr(3y)160.41%
Cap/Depr(5y)100.29%
Cap/Sales(3y)1.43%
Cap/Sales(5y)0.95%
Profit Quality(3y)89.76%
Profit Quality(5y)98.43%
High Growth Momentum
Growth
EPS 1Y (TTM)-24.71%
EPS 3Y13.5%
EPS 5Y3.43%
EPS Q2Q%1.27%
EPS Next YN/A
EPS Next 2YN/A
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)-22.08%
Revenue growth 3Y11.73%
Revenue growth 5Y2.4%
Sales Q2Q%-1.84%
Revenue Next YearN/A
Revenue Next 2YN/A
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y-32.34%
EBIT growth 3Y13.28%
EBIT growth 5Y3.07%
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-17.97%
FCF growth 3Y11.08%
FCF growth 5Y5.2%
OCF growth 1Y-17.57%
OCF growth 3Y10.95%
OCF growth 5Y5.11%