NVE Corp
NASDAQ:NVEC
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%.
Valuation Backtest
NVE Corp
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Fundamental Analysis
Steady Performance Despite Revenue Dip
2024-Q3 Earnings Call
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.
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 |
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
What is Free Cash Flow?
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.
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.
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
According to Wall Street analysts, the average 1-year price target for NVEC is 79 USD .
Ownership
NVEC Insider Trading
Buy and sell transactions by insiders
Period | Sold | Bought | Net |
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3 Months |
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6 Months |
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9 Months |
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12 Months |
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Shareholder Return
NVEC Price
NVE Corp
Average Annual Return | -2.03% |
Standard Deviation of Annual Returns | 22.29% |
Max Drawdown | -55% |
Market Capitalization | 435.9m USD |
Shares Outstanding | 4 837 230 |
Percentage of Shares Shorted | 5.74% |
Company Profile
Country
Industry
Market Cap
Dividend Yield
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
IPO
Employees
Officers
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%.