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PVS

Pivotal SystemsASX:PVS Stock Report

Market Cap

AU$133.6m

7D

-7.7%

1Y

15.3%

Updated

18 Oct, 2021

Data

Company Financials +
PVS fundamental analysis
Snowflake Score
Valuation1/6
Future Growth5/6
Past Performance0/6
Financial Health4/6
Dividends0/6

PVS Overview

Pivotal Systems Corporation engages in the design, development, manufacture, and sale of gas flow and flow ratio controllers for the semiconductor industry in Asia and North America.

Pivotal Systems Competitors

Hitachi Metals

TSE:5486

JP¥927.8b

HORIBA

TSE:6856

JP¥324.1b

Price History & Performance

Summary of all time highs, changes and price drops for Pivotal Systems
Historical stock prices
Current Share PriceAU$1.02
52 Week HighAU$0.71
52 Week LowAU$1.62
Beta1.28
1 Month Change-15.42%
3 Month Change-27.50%
1 Year Change15.34%
3 Year Change-61.41%
5 Year Changen/a
Change since IPO-60.81%

Recent News & Updates

Apr 13
Is Pivotal Systems (ASX:PVS) Weighed On By Its Debt Load?

Is Pivotal Systems (ASX:PVS) Weighed On By Its Debt Load?

Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...

Mar 09
How Much Did Pivotal Systems'(ASX:PVS) Shareholders Earn From Share Price Movements Over The Last Year?

How Much Did Pivotal Systems'(ASX:PVS) Shareholders Earn From Share Price Movements Over The Last Year?

Pivotal Systems Corporation ( ASX:PVS ) shareholders should be happy to see the share price up 30% in the last quarter...

Shareholder Returns

PVSAU SemiconductorAU Market
7D-7.7%6.1%0.9%
1Y15.3%55.1%20.2%

Return vs Industry: PVS underperformed the Australian Semiconductor industry which returned 55.1% over the past year.

Return vs Market: PVS underperformed the Australian Market which returned 20.2% over the past year.

Price Volatility

Is PVS's price volatile compared to industry and market?
PVS volatility
PVS Beta1.28
Industry Beta1.28
Market Beta1

Stable Share Price: PVS is not significantly more volatile than the rest of Australian stocks over the past 3 months, typically moving +/- 7% a week.

Volatility Over Time: PVS's weekly volatility (7%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
200345John Hoffmanhttps://www.pivotalsys.com

Pivotal Systems Corporation engages in the design, development, manufacture, and sale of gas flow and flow ratio controllers for the semiconductor industry in Asia and North America. The company's platform includes gas flow controller product lines that provide real-time monitoring and control of the critical parameters difficult to control in wafer processing. It serves integrated device manufacturers, foundries, and original equipment manufacturers.

Pivotal Systems Fundamentals Summary

How do Pivotal Systems's earnings and revenue compare to its market cap?
PVS fundamental statistics
Market CapUS$99.19m
Earnings (TTM)-US$5.57m
Revenue (TTM)US$25.58m

3.8x

P/S Ratio

-17.4x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
PVS income statement (TTM)
RevenueUS$25.58m
Cost of RevenueUS$20.41m
Gross ProfitUS$5.18m
ExpensesUS$10.74m
Earnings-US$5.57m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.043
Gross Margin20.24%
Net Profit Margin-21.76%
Debt/Equity Ratio4.4%

How did PVS perform over the long term?

See historical performance and comparison

Valuation

Is Pivotal Systems undervalued compared to its fair value and its price relative to the market?

3.26x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: PVS (A$1.02) is trading above our estimate of fair value (A$0.49)

Significantly Below Fair Value: PVS is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: PVS is unprofitable, so we can't compare its PE Ratio to the Global Semiconductor industry average.

PE vs Market: PVS is unprofitable, so we can't compare its PE Ratio to the Australian market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate PVS's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: PVS is good value based on its PB Ratio (3.3x) compared to the AU Semiconductor industry average (4.3x).


Future Growth

How is Pivotal Systems forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

105.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: PVS is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.9%).

Earnings vs Market: PVS is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: PVS's is expected to become profitable in the next 3 years.

Revenue vs Market: PVS's revenue (26.6% per year) is forecast to grow faster than the Australian market (5.5% per year).

High Growth Revenue: PVS's revenue (26.6% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: PVS's Return on Equity is forecast to be low in 3 years time (2.3%).


Past Performance

How has Pivotal Systems performed over the past 5 years?

36.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: PVS is currently unprofitable.

Growing Profit Margin: PVS is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: PVS is unprofitable, but has reduced losses over the past 5 years at a rate of 36.8% per year.

Accelerating Growth: Unable to compare PVS's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: PVS is unprofitable, making it difficult to compare its past year earnings growth to the Semiconductor industry (57.2%).


Return on Equity

High ROE: PVS has a negative Return on Equity (-18.74%), as it is currently unprofitable.


Financial Health

How is Pivotal Systems's financial position?


Financial Position Analysis

Short Term Liabilities: PVS's short term assets ($20.9M) exceed its short term liabilities ($5.3M).

Long Term Liabilities: PVS's short term assets ($20.9M) exceed its long term liabilities ($925.0K).


Debt to Equity History and Analysis

Debt Level: PVS's debt to equity ratio (4.4%) is considered satisfactory.

Reducing Debt: PVS had negative shareholder equity 5 years ago, but is now positive and has therefore improved.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: PVS has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: Insufficient data to determine if PVS has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.


Dividend

What is Pivotal Systems's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate PVS's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate PVS's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if PVS's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if PVS's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of PVS's dividend in 3 years as they are not forecast to pay a notable one for the Australian market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

0.9yrs

Average management tenure


CEO

John Hoffman

13.33yrs

Tenure

US$625,002

Compensation

Mr. John P. Hoffman serves as the Executive Chairman and is Chief Executive Officer of Pivotal Systems Corporation since June 6, 2008. Mr. Hoffman has 30 years of global technology management experience in...


CEO Compensation Analysis

Compensation vs Market: John's total compensation ($USD625.00K) is above average for companies of similar size in the Australian market ($USD302.72K).

Compensation vs Earnings: John's compensation has increased whilst the company is unprofitable.


Leadership Team

Experienced Management: PVS's management team is not considered experienced ( 0.9 years average tenure), which suggests a new team.


Board Members

Experienced Board: PVS's board of directors are considered experienced (5.1 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 12.7%.


Top Shareholders

Company Information

Pivotal Systems Corporation's employee growth, exchange listings and data sources


Key Information

  • Name: Pivotal Systems Corporation
  • Ticker: PVS
  • Exchange: ASX
  • Founded: 2003
  • Industry: Semiconductor Equipment
  • Sector: Semiconductors
  • Market Cap: AU$133.637m
  • Shares outstanding: 128.50m
  • Website: https://www.pivotalsys.com

Number of Employees


Location

  • Pivotal Systems Corporation
  • 48389 Fremont Boulevard
  • Suite 100
  • Fremont
  • California
  • 94538
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/18 07:04
End of Day Share Price2021/10/18 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.