Harmonic Inc
NASDAQ:HLIT
Intrinsic Value
Harmonic, Inc. engages in the development and sale of video delivery software, products, system solutions, and services. [ Read More ]
The intrinsic value of one HLIT stock under the Base Case scenario is 12.22 USD. Compared to the current market price of 13.52 USD, Harmonic Inc is Overvalued by 10%.
Valuation Backtest
Harmonic Inc
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Fundamental Analysis
Revenue and Margins Show Promise Amid Growth
2023-Q4 Earnings Call
The company's Q4 results signal robust growth, with total revenue up nearly 2%, led by a 20% year-over-year rise in Broadband to a record $115.2 million, offset by a year-over-year gross margin dip in Broadband. Video's gross margin peaked at 64.6%, contributing to Q4's $0.13 EPS. With a focus on future growth, a recent $160 million credit facility was secured, and the company plans to redeem all outstanding 2024 convertible notes in Q2, supporting its growth strategy with adequate liquidity. The full-year guidance projects revenues between $460 million to $500 million, with an expected surge in revenue growth in 2025 stemming from the second half of 2024's momentum.
Balance Sheet Decomposition
Harmonic Inc
Current Assets | 330.7m |
Cash & Short-Term Investments | 84.3m |
Receivables | 146.3m |
Other Current Assets | 100.2m |
Non-Current Assets | 437.5m |
PP&E | 57.5m |
Intangibles | 239.2m |
Other Non-Current Assets | 140.8m |
Current Liabilities | 272.4m |
Accounts Payable | 38.6m |
Accrued Liabilities | 29.6m |
Other Current Liabilities | 204.3m |
Non-Current Liabilities | 58.9m |
Long-Term Debt | 10.5m |
Other Non-Current Liabilities | 48.4m |
Earnings Waterfall
Harmonic Inc
Revenue
|
607.9m
USD
|
Cost of Revenue
|
-294.7m
USD
|
Gross Profit
|
313.2m
USD
|
Operating Expenses
|
-289.6m
USD
|
Operating Income
|
23.7m
USD
|
Other Expenses
|
60.3m
USD
|
Net Income
|
84m
USD
|
Free Cash Flow Analysis
Harmonic Inc
What is Free Cash Flow?
HLIT Profitability Score
Profitability Due Diligence
Harmonic Inc's profitability score is 56/100. The higher the profitability score, the more profitable the company is.
Score
Harmonic Inc's profitability score is 56/100. The higher the profitability score, the more profitable the company is.
HLIT Solvency Score
Solvency Due Diligence
Harmonic Inc's solvency score is 62/100. The higher the solvency score, the more solvent the company is.
Score
Harmonic Inc's solvency score is 62/100. The higher the solvency score, the more solvent the company is.
Wall St
Price Targets
HLIT Price Targets Summary
Harmonic Inc
According to Wall Street analysts, the average 1-year price target for HLIT is 16.32 USD with a low forecast of 14.14 USD and a high forecast of 18.9 USD.
Ownership
HLIT Insider Trading
Buy and sell transactions by insiders
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Shareholder Return
HLIT Price
Harmonic Inc
Average Annual Return | 27.33% |
Standard Deviation of Annual Returns | 32.04% |
Max Drawdown | -50% |
Market Capitalization | 1.5B USD |
Shares Outstanding | 111 909 000 |
Percentage of Shares Shorted | 8.14% |
Company Profile
Country
Industry
Market Cap
Dividend Yield
Description
Harmonic, Inc. engages in the development and sale of video delivery software, products, system solutions, and services. The company is headquartered in San Jose, California and currently employs 1,267 full-time employees. The firm operates through two segments: video and cable access. The Video business sells video processing and production and playout solutions and services to cable operators and satellite and telecommunications (telco) pay television (TV) service providers. The Cable Access business sells cable access solutions and related services, including its CableOS software-based cable access solution, primarily to cable operators. The company offers a range of services such as broadcast and streaming video services to consumer, devices, including televisions, personal computers, laptops, tablets, and smart phones, and cable access solutions. Its cable access products and solutions include software-based cable access solutions and Narrowcast Services Gateway (NSG) products. The firm also provides technical support and professional services.
Contact
IPO
Employees
Officers
The intrinsic value of one HLIT stock under the Base Case scenario is 12.22 USD.
Compared to the current market price of 13.52 USD, Harmonic Inc is Overvalued by 10%.