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EMCORE Corp
NASDAQ:EMKR

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EMCORE Corp Logo
EMCORE Corp
NASDAQ:EMKR
Watchlist
Price: 0.35 USD -3.37%
Updated: Mar 28, 2024

Intrinsic Value

EMKR's intrinsic value estimate is unreliable because it is based only on its multiples and doesn't use a DCF valuation.

EMCORE Corp. engages in the manufacture and provision of mixed-signal optics products. [ Read More ]

The intrinsic value of one EMKR stock under the Base Case scenario is 1.55 USD. Compared to the current market price of 0.35 USD, EMCORE Corp is Undervalued by 77%.

Key Points:
EMKR Intrinsic Value
Base Case
1.55 USD
Undervaluation 77%
Intrinsic Value
Price
Base Case Scenario

Valuation Backtest
EMCORE Corp

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Fundamental Analysis

Company Faces Lower Revenues and Cash Burn
2024-Q1 Earnings Call

Company Faces Lower Revenues and Cash Burn

The company experienced a revenue decline to $24.1 million from $26.8 million in the prior quarter along with a net loss of $2.6 million, or $0.03 per share. Gross margin remained stable at 29%, supported by efficient overhead absorption at Tinley Park and Concord. Cash reserves decreased from $26.7 million to $19 million due to a mix of operational and non-recurring factors. Notable was a $2 million reduction in debt, bringing total outstanding debt to $8.6 million. Looking forward, the backlog for the upcoming quarter is promising despite some delays in production. Management expects cash usage to increase slightly this quarter, with diminished cash use anticipated from discontinued operations.

Financials

Balance Sheet Decomposition
EMCORE Corp

Current Assets 92.4m
Cash & Short-Term Investments 21.9m
Receivables 24m
Other Current Assets 46.5m
Non-Current Assets 51.5m
PP&E 37.1m
Intangibles 12.2m
Other Non-Current Assets 2.2m
Current Liabilities 28.8m
Accounts Payable 9.7m
Accrued Liabilities 9.9m
Other Current Liabilities 9.2m
Non-Current Liabilities 34.8m
Long-Term Debt 27.3m
Other Non-Current Liabilities 7.5m
Efficiency

Earnings Waterfall
EMCORE Corp

Revenue
175.4m USD
Cost of Revenue
-138.7m USD
Gross Profit
36.7m USD
Operating Expenses
-82.3m USD
Operating Income
-45.6m USD
Other Expenses
-57.5m USD
Net Income
-103.1m USD

Free Cash Flow Analysis
EMCORE Corp

Last Value
3-Years Average
FCF Margin
Conversion Rate
History
Components
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Fundamental Scores

EMKR Profitability Score
Profitability Due Diligence

EMCORE Corp's profitability score is 24/100. The higher the profitability score, the more profitable the company is.

Exceptional 1-Year Revenue Growth
Positive Gross Profit
Positive 3-Years Revenue Growth
Declining ROE
24/100
Profitability
Score

EMCORE Corp's profitability score is 24/100. The higher the profitability score, the more profitable the company is.

EMKR Solvency Score
Solvency Due Diligence

EMCORE Corp's solvency score is 42/100. The higher the solvency score, the more solvent the company is.

Short-Term Solvency
Low D/E
Long-Term Solvency
Positive Net Debt
42/100
Solvency
Score

EMCORE Corp's solvency score is 42/100. The higher the solvency score, the more solvent the company is.

Wall St
Price Targets

EMKR Price Targets Summary
EMCORE Corp

Wall Street analysts forecast EMKR stock price to rise over the next 12 months.

According to Wall Street analysts, the average 1-year price target for EMKR is 1.21 USD with a low forecast of 1.01 USD and a high forecast of 1.37 USD.

Lowest
Price Target
1.01 USD
189% Upside
Average
Price Target
1.21 USD
245% Upside
Highest
Price Target
1.37 USD
290% Upside
View Analyst Estimates
View Analyst Estimates

Competitive Landscape

Ownership

EMKR Insider Trading
Buy and sell transactions by insiders

Cumulative Transactions Amount
Period Sold Bought Net
3 Months
6 Months
9 Months
12 Months
Why is insider trading important?

Shareholder Return

EMKR Price
EMCORE Corp

1M 1M
-17%
6M 6M
-30%
1Y 1Y
-69%
3Y 3Y
-94%
5Y 5Y
-91%
10Y 10Y
-91%
Annual Price Range
0.35
52w Low
0.3478
52w High
1.19
Price Metrics
Average Annual Return -0.14%
Standard Deviation of Annual Returns 66.77%
Max Drawdown -97%
Shares Statistics
Market Capitalization 27.9m USD
Shares Outstanding 77 320 304
Percentage of Shares Shorted 0.4%

EMKR Return Decomposition
Main factors of price return

What is price return decomposition?

Company Profile

EMCORE Corp Logo
EMCORE Corp

Country

United States of America

Industry

Communications

Market Cap

27.9m USD

Dividend Yield

0%

Description

EMCORE Corp. engages in the manufacture and provision of mixed-signal optics products. The company is headquartered in Alhambra, California and currently employs 365 full-time employees. The firm manufactures lasers and optical subsystems for use in the Cable TV (CATV) industry. The company also provides Mixed-Signal Optics products serving the broadband communications and Aerospace and Defense markets. The company operates through two segments: Aerospace and Defense and Broadband. The aerospace and defense segment are comprising of two product lines, which includes navigation and inertial sensing and defense optoelectronics. The broadband segment is comprised of three product lines, which includes CATV lasers and transmitters; chip devices and Other. Its navigation and inertial sensing product line includes fiber optic gyroscope products, quartz MEMS gyroscope products and FOG-based inertial measurement units and navigation systems products. Its chip devices product line includes high-power gain chips products, photodiode products and GPON FTTP and data center chip products.

Contact

CALIFORNIA
Alhambra
2015 Chestnut St
+16262933400.0
http://www.emcore.com/

IPO

1997-03-06

Employees

365

Officers

CEO, President & Director
Mr. Jeffrey S. Rittichier
Chief Financial Officer
Mr. Thomas P. Minichiello
Director of Accounting
Mr. Mark A. Gordon
VP, General Counsel & Secretary
Mr. Ryan Hochgesang

See Also

Discover More
What is the Intrinsic Value of one EMKR stock?

The intrinsic value of one EMKR stock under the Base Case scenario is 1.55 USD.

Is EMKR stock undervalued or overvalued?

Compared to the current market price of 0.35 USD, EMCORE Corp is Undervalued by 77%.