IMMERSION CORPORATION (IMMR) Stock Fundamental Analysis
NASDAQ:IMMR - Nasdaq - US4525211078 - Common Stock
We assign a fundamental rating of 7 out of 10 to IMMR. IMMR was compared to 32 industry peers in the Technology Hardware, Storage & Peripherals industry. IMMR scores excellent points on both the profitability and health parts. This is a solid base for a good stock. IMMR has a decent growth rate and is not valued too expensively. These ratings would make IMMR suitable for quality investing!
1. Profitability
1.1 Basic Checks
In the past year IMMR was profitable.
IMMR had a negative operating cash flow in the past year.
IMMR had positive earnings in 4 of the past 5 years.
IMMR had a positive operating cash flow in 4 of the past 5 years.
1.2 Ratios
IMMR's Return On Assets of 36.36% is amongst the best of the industry. IMMR outperforms 100.00% of its industry peers.
The Return On Equity of IMMR (44.16%) is better than 93.55% of its industry peers.
IMMR has a Return On Invested Capital of 37.87%. This is amongst the best in the industry. IMMR outperforms 96.77% of its industry peers.
IMMR had an Average Return On Invested Capital over the past 3 years of 9.10%. This is significantly below the industry average of 16.39%.
The 3 year average ROIC (9.10%) for IMMR is below the current ROIC(37.87%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 36.36% | ||
| ROE | 44.16% | ||
| ROIC | 37.87% |
ROA(3y)13%
ROA(5y)5.72%
ROE(3y)15.61%
ROE(5y)6.28%
ROIC(3y)9.1%
ROIC(5y)N/A
1.3 Margins
IMMR has a Profit Margin of 10.42%. This is amongst the best in the industry. IMMR outperforms 87.10% of its industry peers.
In the last couple of years the Profit Margin of IMMR has grown nicely.
Looking at the Operating Margin, with a value of 12.02%, IMMR belongs to the top of the industry, outperforming 80.65% of the companies in the same industry.
IMMR's Operating Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 12.02% | ||
| PM (TTM) | 10.42% | ||
| GM | N/A |
OM growth 3Y94.23%
OM growth 5Y2.01%
PM growth 3Y78.19%
PM growth 5Y15.41%
GM growth 3YN/A
GM growth 5YN/A
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is well above the Cost of Capital (WACC), so IMMR is creating value.
IMMR has less shares outstanding than it did 1 year ago.
Compared to 5 years ago, IMMR has more shares outstanding
There is no outstanding debt for IMMR. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
2.2 Solvency
An Altman-Z score of 9.41 indicates that IMMR is not in any danger for bankruptcy at the moment.
IMMR's Altman-Z score of 9.41 is amongst the best of the industry. IMMR outperforms 93.55% of its industry peers.
IMMR has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 9.41 |
ROIC/WACC3.25
WACC11.65%
2.3 Liquidity
A Current Ratio of 6.44 indicates that IMMR has no problem at all paying its short term obligations.
With an excellent Current ratio value of 6.44, IMMR belongs to the best of the industry, outperforming 96.77% of the companies in the same industry.
A Quick Ratio of 6.44 indicates that IMMR has no problem at all paying its short term obligations.
IMMR's Quick ratio of 6.44 is amongst the best of the industry. IMMR outperforms 96.77% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 6.44 | ||
| Quick Ratio | 6.44 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 138.10% over the past year.
The Earnings Per Share has been decreasing by -9.60% on average over the past years.
The Revenue has grown by 2512.31% in the past year. This is a very strong growth!
IMMR shows a very negative growth in Revenue. Measured over the last years, the Revenue has been decreasing by -21.11% yearly.
EPS 1Y (TTM)138.1%
EPS 3Y47.44%
EPS 5Y-9.6%
EPS Q2Q%931.26%
Revenue 1Y (TTM)2512.31%
Revenue growth 3Y3.61%
Revenue growth 5Y-21.11%
Sales Q2Q%6399.15%
3.2 Future
IMMR is expected to show a very negative growth in Earnings Per Share. In the coming years, the EPS will decrease by -33.01% yearly.
The Revenue is expected to grow by 265.82% on average over the next years. This is a very strong growth
EPS Next Y75.07%
EPS Next 2Y-33.01%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year1039.86%
Revenue Next 2Y565.31%
Revenue Next 3Y265.82%
Revenue Next 5YN/A
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 6.84, the valuation of IMMR can be described as very cheap.
Compared to the rest of the industry, the Price/Earnings ratio of IMMR indicates a rather cheap valuation: IMMR is cheaper than 100.00% of the companies listed in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 28.29, IMMR is valued rather cheaply.
With a Price/Forward Earnings ratio of 15.24, IMMR is valued correctly.
Based on the Price/Forward Earnings ratio, IMMR is valued a bit cheaper than 61.29% of the companies in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 24.44. IMMR is valued slightly cheaper when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 6.84 | ||
| Fwd PE | 15.24 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, IMMR is valued cheaply inside the industry as 100.00% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 0.08 |
4.3 Compensation for Growth
IMMR's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
The decent profitability rating of IMMR may justify a higher PE ratio.
A cheap valuation may be justified as IMMR's earnings are expected to decrease with -33.01% in the coming years.
PEG (NY)0.09
PEG (5Y)N/A
EPS Next 2Y-33.01%
EPS Next 3YN/A
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 2.11%, IMMR has a reasonable but not impressive dividend return.
IMMR's Dividend Yield is rather good when compared to the industry average which is at 2.93. IMMR pays more dividend than 87.10% of the companies in the same industry.
Compared to an average S&P500 Dividend Yield of 2.28, IMMR has a dividend comparable with the average S&P500 company.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.11% |
5.2 History
IMMR has paid a dividend for less than 5 years, so there is no long track record yet.
Dividend Growth(5Y)N/A
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
IMMR pays out 4.53% of its income as dividend. This is a sustainable payout ratio.
DP4.53%
EPS Next 2Y-33.01%
EPS Next 3YN/A
IMMERSION CORPORATION
NASDAQ:IMMR (1/21/2025, 8:07:26 PM)
After market: 8.43 -0.12 (-1.4%)8.55
-0.08 (-0.93%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryTechnology Hardware, Storage & Peripherals
Earnings (Last)
Earnings (Next)
Inst Owners64.28%
Inst Owner Change1.45%
Ins Owners5.09%
Ins Owner Change1.5%
Market Cap275.99M
Analysts82.5
Price Target14.03 (64.09%)
Short Float %11.33%
Short Ratio3.8
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.11% |
Yearly Dividend0.23
Dividend Growth(5Y)N/A
DP4.53%
Div Incr Years0
Div Non Decr Years0
Ex-Date
Surprises & Revisions
EPS beat(2)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)2
Avg Revenue beat(2)469.37%
Min Revenue beat(2)344.02%
Max Revenue beat(2)594.72%
Revenue beat(4)4
Avg Revenue beat(4)282.3%
Min Revenue beat(4)23.76%
Max Revenue beat(4)594.72%
Revenue beat(8)6
Avg Revenue beat(8)142.71%
Revenue beat(12)8
Avg Revenue beat(12)99.64%
Revenue beat(16)10
Avg Revenue beat(16)74.05%
PT rev (1m)0%
PT rev (3m)0%
EPS NQ rev (1m)0%
EPS NQ rev (3m)48.13%
EPS NY rev (1m)0%
EPS NY rev (3m)0%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)1154.81%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 6.84 | ||
| Fwd PE | 15.24 | ||
| P/S | 0.32 | ||
| P/FCF | N/A | ||
| P/OCF | N/A | ||
| P/B | 1.37 | ||
| P/tB | 1.37 | ||
| EV/EBITDA | 0.08 |
EPS(TTM)1.25
EY14.62%
EPS(NY)0.56
Fwd EY6.56%
FCF(TTM)-1.91
FCFYN/A
OCF(TTM)-1.74
OCFYN/A
SpS26.45
BVpS6.24
TBVpS6.24
PEG (NY)0.09
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 36.36% | ||
| ROE | 44.16% | ||
| ROCE | 47.83% | ||
| ROIC | 37.87% | ||
| ROICexc | 229.01% | ||
| ROICexgc | 229.01% | ||
| OM | 12.02% | ||
| PM (TTM) | 10.42% | ||
| GM | N/A | ||
| FCFM | N/A |
ROA(3y)13%
ROA(5y)5.72%
ROE(3y)15.61%
ROE(5y)6.28%
ROIC(3y)9.1%
ROIC(5y)N/A
ROICexc(3y)48.9%
ROICexc(5y)N/A
ROICexgc(3y)48.9%
ROICexgc(5y)N/A
ROCE(3y)11.5%
ROCE(5y)N/A
ROICexcg growth 3Y84.52%
ROICexcg growth 5YN/A
ROICexc growth 3Y84.52%
ROICexc growth 5Y-44.16%
OM growth 3Y94.23%
OM growth 5Y2.01%
PM growth 3Y78.19%
PM growth 5Y15.41%
GM growth 3YN/A
GM growth 5YN/A
F-Score4
Asset Turnover3.49
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | 0 | ||
| Cap/Depr | N/A | ||
| Cap/Sales | N/A | ||
| Interest Coverage | N/A | ||
| Cash Conversion | N/A | ||
| Profit Quality | N/A | ||
| Current Ratio | 6.44 | ||
| Quick Ratio | 6.44 | ||
| Altman-Z | 9.41 |
F-Score4
WACC11.65%
ROIC/WACC3.25
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)N/A
Cap/Sales(5y)N/A
Profit Quality(3y)109.51%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)138.1%
EPS 3Y47.44%
EPS 5Y-9.6%
EPS Q2Q%931.26%
EPS Next Y75.07%
EPS Next 2Y-33.01%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)2512.31%
Revenue growth 3Y3.61%
Revenue growth 5Y-21.11%
Sales Q2Q%6399.15%
Revenue Next Year1039.86%
Revenue Next 2Y565.31%
Revenue Next 3Y265.82%
Revenue Next 5YN/A
EBIT growth 1Y449.81%
EBIT growth 3Y101.23%
EBIT growth 5Y-19.52%
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-259.62%
FCF growth 3YN/A
FCF growth 5Y-21.67%
OCF growth 1Y-244.13%
OCF growth 3Y909.9%
OCF growth 5Y-21.68%