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NVE Corp
NASDAQ:NVEC

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NVE Corp Logo
NVE Corp
NASDAQ:NVEC
Watchlist
Price: 90.18 USD 3.04% Market Closed
Updated: Mar 29, 2024

Intrinsic Value

NVE Corp. engages in the development and sale of devices that use spintronics, a nanotechnology that relies on electron spin rather than electron charge to acquire, store, and transmit information. [ Read More ]

The intrinsic value of one NVEC stock under the Base Case scenario is 66.01 USD. Compared to the current market price of 90.18 USD, NVE Corp is Overvalued by 27%.

Key Points:
NVEC Intrinsic Value
Base Case
66.01 USD
Overvaluation 27%
Intrinsic Value
Price
Worst Case
Base Case
Best Case

Valuation Backtest
NVE Corp

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Fundamental Analysis

Steady Performance Despite Revenue Dip
2024-Q3 Earnings Call

Steady Performance Despite Revenue Dip

This quarter, revenue decreased by 9% year-on-year due to a 12% drop in product sales, particularly from the defense sector and amid a semiconductor industry downturn. However, a 94% increase in contract R&D revenue helped offset this decline. Total expenses fell by 16%, with R&D expenses down by 23% and SG&A by 4%, contributing to a solidly profitable quarter. Net income dipped slightly by 1%, yet cash flow improved from last year. Major customer Abbott has renewed their contract, ensuring continued collaboration through 2024. The company expects a rebound in defense sector sales and is well-positioned with innovative products and strategic partnerships for anticipated semiconductor market growth in 2024.

Financials

Balance Sheet Decomposition
NVE Corp

Current Assets 29.2m
Cash & Short-Term Investments 19m
Receivables 2.2m
Other Current Assets 7.9m
Non-Current Assets 38.4m
Long-Term Investments 35.7m
PP&E 1.5m
Other Non-Current Assets 1.3m
Current Liabilities 809.6k
Accounts Payable 170.7k
Accrued Liabilities 638.9k
Other Current Liabilities 10
Non-Current Liabilities 218.8k
Other Non-Current Liabilities 218.8k
Efficiency

Earnings Waterfall
NVE Corp

Revenue
35.5m USD
Cost of Revenue
-7.6m USD
Gross Profit
28m USD
Operating Expenses
-4.6m USD
Operating Income
23.4m USD
Other Expenses
-1.8m USD
Net Income
21.5m USD

Free Cash Flow Analysis
NVE Corp

Last Value
3-Years Average
FCF Margin
Conversion Rate
History
Components
Chart
Table
What is Free Cash Flow?
Fundamental Scores

NVEC Profitability Score
Profitability Due Diligence

NVE Corp's profitability score is 81/100. The higher the profitability score, the more profitable the company is.

Positive Free Cash Flow
Exceptional 3-Year Average ROIC
Positive Gross Profit
Positive Operating Income
81/100
Profitability
Score

NVE Corp's profitability score is 81/100. The higher the profitability score, the more profitable the company is.

NVEC Solvency Score
Solvency Due Diligence

NVE Corp's solvency score is 81/100. The higher the solvency score, the more solvent the company is.

High Altman Z-Score
Short-Term Solvency
Long-Term Solvency
Low D/E
81/100
Solvency
Score

NVE Corp's solvency score is 81/100. The higher the solvency score, the more solvent the company is.

Wall St
Price Targets

NVEC Price Targets Summary
NVE Corp

Wall Street analysts forecast NVEC stock price to drop over the next 12 months.

According to Wall Street analysts, the average 1-year price target for NVEC is 79 USD .

Lowest
Price Target
Not Available
Average
Price Target
79 USD
12% Downside
Highest
Price Target
Not Available
View Analyst Estimates
View Analyst Estimates

Competitive Landscape

Ownership

NVEC 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

NVEC Price
NVE Corp

1M 1M
+8%
6M 6M
+10%
1Y 1Y
+16%
3Y 3Y
+50%
5Y 5Y
+21%
10Y 10Y
+167%
Annual Price Range
90.18
52w Low
64.0521
52w High
97.44
Price Metrics
Average Annual Return -2.03%
Standard Deviation of Annual Returns 22.29%
Max Drawdown -55%
Shares Statistics
Market Capitalization 435.9m USD
Shares Outstanding 4 837 230
Percentage of Shares Shorted 5.74%

NVEC Return Decomposition
Main factors of price return

What is price return decomposition?

Company Profile

NVE Corp Logo
NVE Corp

Country

United States of America

Industry

Semiconductors

Market Cap

435.9m USD

Dividend Yield

4.55%

Description

NVE Corp. engages in the development and sale of devices that use spintronics, a nanotechnology that relies on electron spin rather than electron charge to acquire, store, and transmit information. The company is headquartered in Eden Prairie, Minnesota and currently employs 44 full-time employees. The firm manufactures spintronic products, including sensors and couplers that are used to acquire and transmit data. The firm has also licensed its spintronic magnetoresistive random access memory technology (MRAM). Its parts are found Industrial, scientific, and medical applications, as well as the Industrial Internet of Things. The firm's products include sensor, coupler, and MRAM product. Its sensor products detect the strength or gradient of magnetic fields and are often used to determine position or speed. Its spintronic couplers combine a giant magnetoresistance (GMR) sensor element and a microscopic coil. MRAM uses spintronics to store data. The company combines the speed of static random-access memory (SRAM), the density of dynamic random-access memory (DRAM) and the nonvolatility of flash memory.

Contact

MINNESOTA
Eden Prairie
11409 Valley View Road
+19528299217.0
https://www.nve.com/

IPO

1983-09-26

Employees

44

Officers

CEO, President & Director
Dr. Daniel A. Baker Ph.D.
Accounting Manager & Principal Financial Officer
Mr. Daniel Nelson
Vice President of Advanced Technology
Dr. Peter G. Eames
Vice President of New Business Development
Mr. John K. Myers

See Also

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

The intrinsic value of one NVEC stock under the Base Case scenario is 66.01 USD.

Is NVEC stock undervalued or overvalued?

Compared to the current market price of 90.18 USD, NVE Corp is Overvalued by 27%.