NVE CORP (NVEC)
US6294452064 - Common Stock
Taking everything into account, NVEC scores 6 out of 10 in our fundamental rating. NVEC was compared to 108 industry peers in the Semiconductors & Semiconductor Equipment industry. NVEC scores excellent points on both the profitability and health parts. This is a solid base for a good stock. NVEC is valued correctly, but it does not seem to be growing.
1. Profitability
1.1 Basic Checks
In the past year NVEC was profitable.
In the past year NVEC had a positive cash flow from operations.
In the past 5 years NVEC has always been profitable.
Each year in the past 5 years NVEC had a positive operating cash flow.
1.2 Ratios
Looking at the Return On Assets, with a value of 24.47%, NVEC belongs to the top of the industry, outperforming 99.07% of the companies in the same industry.
NVEC has a better Return On Equity (24.86%) than 88.89% of its industry peers.
NVEC's Return On Invested Capital of 22.32% is amongst the best of the industry. NVEC outperforms 94.44% of its industry peers.
The Average Return On Invested Capital over the past 3 years for NVEC is significantly above the industry average of 11.13%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 24.47% | ||
| ROE | 24.86% | ||
| ROIC | 22.32% |
ROA(3y)26.63%
ROA(5y)22.86%
ROE(3y)27.46%
ROE(5y)23.5%
ROIC(3y)25.47%
ROIC(5y)21.56%
1.3 Margins
NVEC has a Profit Margin of 58.88%. This is amongst the best in the industry. NVEC outperforms 99.07% of its industry peers.
In the last couple of years the Profit Margin of NVEC has remained more or less at the same level.
NVEC's Operating Margin of 63.24% is amongst the best of the industry. NVEC outperforms 100.00% of its industry peers.
In the last couple of years the Operating Margin of NVEC has remained more or less at the same level.
Looking at the Gross Margin, with a value of 81.68%, NVEC belongs to the top of the industry, outperforming 98.15% of the companies in the same industry.
NVEC's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 63.24% | ||
| PM (TTM) | 58.88% | ||
| GM | 81.68% |
OM growth 3Y1.39%
OM growth 5Y0.65%
PM growth 3Y1.65%
PM growth 5Y0.95%
GM growth 3Y-1.42%
GM growth 5Y-0.77%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), NVEC is creating some value.
NVEC has more shares outstanding than it did 1 year ago.
NVEC has more shares outstanding than it did 5 years ago.
NVEC has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
2.2 Solvency
NVEC has an Altman-Z score of 223.00. This indicates that NVEC is financially healthy and has little risk of bankruptcy at the moment.
With an excellent Altman-Z score value of 223.00, NVEC belongs to the best of the industry, outperforming 100.00% of the companies in the same industry.
There is no outstanding debt for NVEC. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | 0 | ||
| Altman-Z | 223 |
ROIC/WACC1.52
WACC14.7%
2.3 Liquidity
NVEC has a Current Ratio of 36.32. This indicates that NVEC is financially healthy and has no problem in meeting its short term obligations.
NVEC has a Current ratio of 36.32. This is amongst the best in the industry. NVEC outperforms 100.00% of its industry peers.
A Quick Ratio of 28.36 indicates that NVEC has no problem at all paying its short term obligations.
With an excellent Quick ratio value of 28.36, NVEC belongs to the best of the industry, outperforming 100.00% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 36.32 | ||
| Quick Ratio | 28.36 |
3. Growth
3.1 Past
NVEC shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -25.47%.
The Earnings Per Share has been growing slightly by 3.43% on average over the past years.
Looking at the last year, NVEC shows a very negative growth in Revenue. The Revenue has decreased by -24.28% in the last year.
NVEC shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 2.40% yearly.
EPS 1Y (TTM)-25.47%
EPS 3Y13.5%
EPS 5Y3.43%
EPS Q2Q%-15.11%
Revenue 1Y (TTM)-24.28%
Revenue growth 3Y11.73%
Revenue growth 5Y2.4%
Sales Q2Q%-5.21%
3.2 Future
No EPS estimates are available, so we could not analyze the future EPS growth and evolution.
No Revenue estimates are available, so we could not analyze the future revenue growth and evolution.
EPS Next YN/A
EPS Next 2YN/A
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next YearN/A
Revenue Next 2YN/A
Revenue Next 3YN/A
Revenue Next 5YN/A
3.3 Evolution
No EPS estimates are available, so we could not analyze the future EPS growth and evolution.
No Revenue estimates are available, so we could not analyze the future revenue growth and evolution.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 21.83, the valuation of NVEC can be described as rather expensive.
NVEC's Price/Earnings ratio is a bit cheaper when compared to the industry. NVEC is cheaper than 76.85% of the companies in the same industry.
The average S&P500 Price/Earnings ratio is at 27.20. NVEC is around the same levels.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 21.83 | ||
| Fwd PE | N/A |
4.2 Price Multiples
NVEC's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. NVEC is cheaper than 72.22% of the companies in the same industry.
82.41% of the companies in the same industry are more expensive than NVEC, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 25.41 | ||
| EV/EBITDA | 18.76 |
4.3 Compensation for Growth
The excellent profitability rating of NVEC may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)6.37
EPS Next 2YN/A
EPS Next 3YN/A
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 5.25%, NVEC is a good candidate for dividend investing.
NVEC's Dividend Yield is rather good when compared to the industry average which is at 2.33. NVEC pays more dividend than 97.22% of the companies in the same industry.
Compared to an average S&P500 Dividend Yield of 2.36, NVEC pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.25% |
5.2 History
The dividend of NVEC decreases each year by -0.11%.
NVEC has been paying a dividend for at least 10 years, so it has a reliable track record.
NVEC has not decreased its dividend in the past 5 years, so it has a somewhat stable track record.
Dividend Growth(5Y)-0.11%
Div Incr Years0
Div Non Decr Years8
5.3 Sustainability
119.96% of the earnings are spent on dividend by NVEC. This is not a sustainable payout ratio.
DP119.96%
EPS Next 2YN/A
EPS Next 3YN/A
NVE CORP
NASDAQ:NVEC (12/20/2024, 8:00:01 PM)
After market: 77.5 0 (0%)77.5
+1.34 (+1.76%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSemiconductors & Semiconductor Equipment
GICS IndustrySemiconductors & Semiconductor Equipment
Earnings (Last)
Earnings (Next)
Inst Owners70.35%
Inst Owner Change-0.55%
Ins Owners0.05%
Ins Owner Change-0.72%
Market Cap374.32M
Analysts43.33
Price TargetN/A
Short Float %1.9%
Short Ratio5.98
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.25% |
Dividend Growth(5Y)-0.11%
DP119.96%
Div Incr Years0
Div Non Decr Years8
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)N/A
Avg Revenue beat(2)N/A
Min Revenue beat(2)N/A
Max Revenue beat(2)N/A
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
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)N/A
PT rev (3m)N/A
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)N/A
EPS NY rev (3m)N/A
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)N/A
Revenue NY rev (3m)N/A
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 21.83 | ||
| Fwd PE | N/A | ||
| P/S | 13.67 | ||
| P/FCF | 25.41 | ||
| P/OCF | 23.61 | ||
| P/B | 5.77 | ||
| P/tB | 5.77 | ||
| EV/EBITDA | 18.76 |
EPS(TTM)3.55
EY4.58%
EPS(NY)N/A
Fwd EYN/A
FCF(TTM)3.05
FCFY3.94%
OCF(TTM)3.28
OCFY4.24%
SpS5.67
BVpS13.43
TBVpS13.43
PEG (NY)N/A
PEG (5Y)6.37
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 24.47% | ||
| ROE | 24.86% | ||
| ROCE | 26.66% | ||
| ROIC | 22.32% | ||
| ROICexc | 34.5% | ||
| ROICexgc | 34.5% | ||
| OM | 63.24% | ||
| PM (TTM) | 58.88% | ||
| GM | 81.68% | ||
| FCFM | 53.8% |
ROA(3y)26.63%
ROA(5y)22.86%
ROE(3y)27.46%
ROE(5y)23.5%
ROIC(3y)25.47%
ROIC(5y)21.56%
ROICexc(3y)39.57%
ROICexc(5y)32.78%
ROICexgc(3y)39.57%
ROICexgc(5y)32.78%
ROCE(3y)30.43%
ROCE(5y)25.76%
ROICexcg growth 3Y21.25%
ROICexcg growth 5Y11.11%
ROICexc growth 3Y21.25%
ROICexc growth 5Y11.11%
OM growth 3Y1.39%
OM growth 5Y0.65%
PM growth 3Y1.65%
PM growth 5Y0.95%
GM growth 3Y-1.42%
GM growth 5Y-0.77%
F-Score6
Asset Turnover0.42
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | 0 | ||
| Debt/EBITDA | 0 | ||
| Cap/Depr | 315.44% | ||
| Cap/Sales | 4.1% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 89.71% | ||
| Profit Quality | 91.38% | ||
| Current Ratio | 36.32 | ||
| Quick Ratio | 28.36 | ||
| Altman-Z | 223 |
F-Score6
WACC14.7%
ROIC/WACC1.52
Cap/Depr(3y)160.42%
Cap/Depr(5y)100.29%
Cap/Sales(3y)1.43%
Cap/Sales(5y)0.95%
Profit Quality(3y)89.76%
Profit Quality(5y)98.43%
High Growth Momentum
Growth
EPS 1Y (TTM)-25.47%
EPS 3Y13.5%
EPS 5Y3.43%
EPS Q2Q%-15.11%
EPS Next YN/A
EPS Next 2YN/A
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)-24.28%
Revenue growth 3Y11.73%
Revenue growth 5Y2.4%
Sales Q2Q%-5.21%
Revenue Next YearN/A
Revenue Next 2YN/A
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y-26.97%
EBIT growth 3Y13.28%
EBIT growth 5Y3.07%
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-1.53%
FCF growth 3Y11.08%
FCF growth 5Y5.2%
OCF growth 1Y3.01%
OCF growth 3Y10.95%
OCF growth 5Y5.11%