EMCORE Corp
NASDAQ:EMKR
Intrinsic Value
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%.
Valuation Backtest
EMCORE Corp
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Fundamental Analysis
Company Faces Lower Revenues and Cash Burn
2024-Q1 Earnings Call
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.
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 |
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
What is Free Cash Flow?
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.
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.
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
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.
Ownership
EMKR Insider Trading
Buy and sell transactions by insiders
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Shareholder Return
EMKR Price
EMCORE Corp
Average Annual Return | -0.14% |
Standard Deviation of Annual Returns | 66.77% |
Max Drawdown | -97% |
Market Capitalization | 27.9m USD |
Shares Outstanding | 77 320 304 |
Percentage of Shares Shorted | 0.4% |
Company Profile
Country
Industry
Market Cap
Dividend Yield
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
IPO
Employees
Officers
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%.