IVEDA SOLUTIONS INC (IVDA)

US46583A2042 - Common Stock

3.84  +0.73 (+23.47%)

After market: 3.8 -0.04 (-1.04%)

Fundamental Rating

3

We assign a fundamental rating of 3 out of 10 to IVDA. IVDA was compared to 280 industry peers in the Software industry. While IVDA seems to be doing ok healthwise, there are quite some concerns on its profitability. IVDA has a decent growth rate and is not valued too expensively.



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0

1. Profitability

1.1 Basic Checks

IVDA had negative earnings in the past year.
IVDA had a negative operating cash flow in the past year.
In the past 5 years IVDA always reported negative net income.
In the past 5 years IVDA reported 4 times negative operating cash flow.

1.2 Ratios

The Return On Assets of IVDA (-35.93%) is worse than 81.72% of its industry peers.
The Return On Equity of IVDA (-57.49%) is worse than 70.25% of its industry peers.
Industry RankSector Rank
ROA -35.93%
ROE -57.49%
ROIC N/A
ROA(3y)-59.62%
ROA(5y)-73.48%
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A

1.3 Margins

IVDA has a worse Gross Margin (23.59%) than 83.15% of its industry peers.
IVDA's Gross Margin has declined in the last couple of years.
The Profit Margin and Operating Margin are not available for IVDA so they could not be analyzed.
Industry RankSector Rank
OM N/A
PM (TTM) N/A
GM 23.59%
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-20.82%
GM growth 5YN/A

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4

2. Health

2.1 Basic Checks

IVDA does not have a ROIC to compare to the WACC, probably because it is not profitable.
Compared to 1 year ago, IVDA has less shares outstanding
The debt/assets ratio for IVDA has been reduced compared to a year ago.

2.2 Solvency

Based on the Altman-Z score of -5.99, we must say that IVDA is in the distress zone and has some risk of bankruptcy.
With a Altman-Z score value of -5.99, IVDA is not doing good in the industry: 87.10% of the companies in the same industry are doing better.
IVDA has a Debt/Equity ratio of 0.12. This is a healthy value indicating a solid balance between debt and equity.
IVDA has a Debt to Equity ratio (0.12) which is in line with its industry peers.
Industry RankSector Rank
Debt/Equity 0.12
Debt/FCF N/A
Altman-Z -5.99
ROIC/WACCN/A
WACC11.7%

2.3 Liquidity

IVDA has a Current Ratio of 2.45. This indicates that IVDA is financially healthy and has no problem in meeting its short term obligations.
With a decent Current ratio value of 2.45, IVDA is doing good in the industry, outperforming 68.46% of the companies in the same industry.
A Quick Ratio of 2.04 indicates that IVDA has no problem at all paying its short term obligations.
IVDA's Quick ratio of 2.04 is fine compared to the rest of the industry. IVDA outperforms 61.29% of its industry peers.
Industry RankSector Rank
Current Ratio 2.45
Quick Ratio 2.04

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6

3. Growth

3.1 Past

IVDA shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -700.52%.
IVDA shows a very negative growth in Revenue. In the last year, the Revenue has decreased by -30.10%.
The Revenue has been growing by 63.73% on average over the past years. This is a very strong growth!
EPS 1Y (TTM)-700.52%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-424.76%
Revenue 1Y (TTM)-30.1%
Revenue growth 3Y63.73%
Revenue growth 5YN/A
Sales Q2Q%175.65%

3.2 Future

The Earnings Per Share is expected to grow by 47.53% on average over the next years. This is a very strong growth
Based on estimates for the next years, IVDA will show a very strong growth in Revenue. The Revenue will grow by 80.75% on average per year.
EPS Next Y89.26%
EPS Next 2Y47.53%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year-0.96%
Revenue Next 2Y80.75%
Revenue Next 3YN/A
Revenue Next 5YN/A

3.3 Evolution

The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.

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4

4. Valuation

4.1 Price/Earnings Ratio

IVDA reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
Based on the Price/Forward Earnings ratio of 16.37, the valuation of IVDA can be described as correct.
84.23% of the companies in the same industry are more expensive than IVDA, based on the Price/Forward Earnings ratio.
When comparing the Price/Forward Earnings ratio of IVDA to the average of the S&P500 Index (24.00), we can say IVDA is valued slightly cheaper.
Industry RankSector Rank
PE N/A
Fwd PE 16.37

4.2 Price Multiples

Industry RankSector Rank
P/FCF N/A
EV/EBITDA N/A

4.3 Compensation for Growth

The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
IVDA's earnings are expected to grow with 47.53% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y47.53%
EPS Next 3YN/A

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0

5. Dividend

5.1 Amount

IVDA does not give a dividend.
Industry RankSector Rank
Dividend Yield N/A

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IVEDA SOLUTIONS INC

NASDAQ:IVDA (12/26/2024, 8:22:51 PM)

After market: 3.8 -0.04 (-1.04%)

3.84

+0.73 (+23.47%)

Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSoftware & Services
GICS IndustrySoftware
Earnings (Last)11-12 2024-11-12/amc
Earnings (Next)N/A N/A
Inst Owners3.01%
Inst Owner Change-57.34%
Ins Owners5.89%
Ins Owner Change0%
Market Cap10.21M
Analysts82.86
Price Target8.16 (112.5%)
Short Float %6.88%
Short Ratio0.5
Dividend
Industry RankSector Rank
Dividend Yield N/A
Dividend Growth(5Y)N/A
DP0%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
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)0
Avg Revenue beat(2)-22.9%
Min Revenue beat(2)-39.84%
Max Revenue beat(2)-5.95%
Revenue beat(4)0
Avg Revenue beat(4)-47.95%
Min Revenue beat(4)-86.43%
Max Revenue beat(4)-5.95%
Revenue beat(8)1
Avg Revenue beat(8)-35.95%
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)0%
PT rev (3m)700%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0%
EPS NY rev (1m)0%
EPS NY rev (3m)0%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE 16.37
P/S 1.93
P/FCF N/A
P/OCF N/A
P/B 1.8
P/tB 2.25
EV/EBITDA N/A
EPS(TTM)-1.33
EYN/A
EPS(NY)0.23
Fwd EY6.11%
FCF(TTM)-1.7
FCFYN/A
OCF(TTM)-1.48
OCFYN/A
SpS1.99
BVpS2.13
TBVpS1.7
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA -35.93%
ROE -57.49%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) N/A
GM 23.59%
FCFM N/A
ROA(3y)-59.62%
ROA(5y)-73.48%
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-20.82%
GM growth 5YN/A
F-Score2
Asset Turnover0.59
Health
Industry RankSector Rank
Debt/Equity 0.12
Debt/FCF N/A
Debt/EBITDA N/A
Cap/Depr 2462.56%
Cap/Sales 10.94%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 2.45
Quick Ratio 2.04
Altman-Z -5.99
F-Score2
WACC11.7%
ROIC/WACCN/A
Cap/Depr(3y)1532.21%
Cap/Depr(5y)932.66%
Cap/Sales(3y)4.93%
Cap/Sales(5y)3.23%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-700.52%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-424.76%
EPS Next Y89.26%
EPS Next 2Y47.53%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)-30.1%
Revenue growth 3Y63.73%
Revenue growth 5YN/A
Sales Q2Q%175.65%
Revenue Next Year-0.96%
Revenue Next 2Y80.75%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y-5.9%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year36.89%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-10.21%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y3.71%
OCF growth 3YN/A
OCF growth 5YN/A