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Revasum

ASX:RVS
Snowflake Description

Excellent balance sheet with high growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
RVS
ASX
A$99M
Market Cap
  1. Home
  2. AU
  3. Semiconductors
Company description

Revasum, Inc. designs, develops, manufactures, and markets a portfolio of semiconductor processing equipment worldwide. The last earnings update was 120 days ago. More info.


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  • Revasum has significant price volatility in the past 3 months.
RVS Share Price and Events
7 Day Returns
-1.5%
ASX:RVS
-5.4%
AU Semiconductor
2.1%
AU Market
1 Year Returns
-
ASX:RVS
-11.9%
AU Semiconductor
5.6%
AU Market
RVS Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Revasum (RVS) -1.5% -10.1% -24.1% - - -
AU Semiconductor -5.4% -11% -11.9% -11.9% 82.8% 79.2%
AU Market 2.1% 3.3% 8.4% 5.6% 27.8% 15.1%
1 Year Return vs Industry and Market
  • No trading data on RVS.
  • No trading data on RVS.
Price Volatility
Industry
5yr Volatility vs Market
Related Companies

Value

 Is Revasum undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Revasum to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Revasum.

ASX:RVS Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 2 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 9.2%
Perpetual Growth Rate 10-Year AU Government Bond Rate 2.3%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for ASX:RVS
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year AU Govt Bond Rate 2.3%
Equity Risk Premium S&P Global 6%
Semiconductor Unlevered Beta Simply Wall St/ S&P Global 1.23
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.227 (1 + (1- 21%) (0.04%))
1.152
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.15
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.31% + (1.152 * 5.96%)
9.18%

Discounted Cash Flow Calculation for ASX:RVS using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Revasum is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

ASX:RVS DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 9.18%)
2019 -11.95 Analyst x2 -10.95
2020 -8.40 Analyst x2 -7.05
2021 3.80 Analyst x1 2.92
2022 5.11 Est @ 34.48% 3.60
2023 6.38 Est @ 24.83% 4.11
2024 7.53 Est @ 18.08% 4.45
2025 8.54 Est @ 13.35% 4.62
2026 9.39 Est @ 10.04% 4.65
2027 10.12 Est @ 7.72% 4.59
2028 10.74 Est @ 6.1% 4.46
Present value of next 10 years cash flows $15.40
ASX:RVS DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $10.74 × (1 + 2.31%) ÷ (9.18% – 2.31%)
$159.94
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $159.94 ÷ (1 + 9.18%)10
$66.45
ASX:RVS Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $15.40 + $66.45
$81.86
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $81.86 / 76.55
$1.07
ASX:RVS Discount to Share Price
Calculation Result
Exchange Rate USD/AUD
(Reporting currency to currency of ASX:RVS)
1.435
Value per Share
(AUD)
= Value per Share in USD x Exchange Rate (USD/AUD)
= $1.07 x 1.435
A$1.53
Value per share (AUD) From above. A$1.53
Current discount Discount to share price of A$1.29
= -1 x (A$1.29 - A$1.53) / A$1.53
15.9%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Revasum is available for.
Intrinsic value
16%
Share price is A$1.29 vs Future cash flow value of A$1.53
Current Discount Checks
For Revasum to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Revasum's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • Revasum's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Revasum's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Revasum's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
ASX:RVS PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in USD $-0.67
ASX:RVS Share Price ** ASX (2019-06-25) in AUD A$1.29
ASX:RVS Share Price converted to USD reporting currency Exchange rate (AUD/ USD) 0.697 $0.9
Global Semiconductor Industry PE Ratio Median Figure of 125 Publicly-Listed Semiconductor Companies 21.99x
Australia Market PE Ratio Median Figure of 546 Publicly-Listed Companies 16.07x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Revasum.

ASX:RVS PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= ASX:RVS Share Price ÷ EPS (both in USD)

= 0.9 ÷ -0.67

-1.35x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Revasum is loss making, we can't compare its value to the Global Semiconductor industry average.
  • Revasum is loss making, we can't compare the value of its earnings to the Australia market.
Price based on expected Growth
Does Revasum's expected growth come at a high price?
Raw Data
ASX:RVS PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -1.35x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts
105.3%per year
Global Semiconductor Industry PEG Ratio Median Figure of 94 Publicly-Listed Semiconductor Companies 1.21x
Australia Market PEG Ratio Median Figure of 360 Publicly-Listed Companies 1.38x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Revasum, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Revasum's assets?
Raw Data
ASX:RVS PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in USD $0.46
ASX:RVS Share Price * ASX (2019-06-25) in AUD A$1.29
ASX:RVS Share Price converted to USD reporting currency Exchange rate (AUD/ USD) 0.697 $0.9
Australia Semiconductor Industry PB Ratio Median Figure of 8 Publicly-Listed Semiconductor Companies 2.25x
Australia Market PB Ratio Median Figure of 1,689 Publicly-Listed Companies 1.64x
ASX:RVS PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= ASX:RVS Share Price ÷ Book Value per Share (both in USD)

= 0.9 ÷ 0.46

1.97x

* Primary Listing of Revasum.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Revasum is good value based on assets compared to the AU Semiconductor industry average.
X
Value checks
We assess Revasum's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Semiconductor industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Semiconductor industry average (and greater than 0)? (1 check)
  5. Revasum has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Revasum expected to perform in the next 1 to 3 years based on estimates from 2 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
105.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Revasum expected to grow at an attractive rate?
  • Revasum's earnings growth is expected to exceed the low risk savings rate of 2.3%.
Growth vs Market Checks
  • Revasum's earnings growth is expected to exceed the Australia market average.
  • Revasum's revenue growth is expected to exceed the Australia market average.
Annual Growth Rates Comparison
Raw Data
ASX:RVS Future Growth Rates Data Sources
Data Point Source Value (per year)
ASX:RVS Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts 105.3%
ASX:RVS Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts 33.7%
Global Semiconductor Industry Earnings Growth Rate Market Cap Weighted Average 18.7%
Global Semiconductor Industry Revenue Growth Rate Market Cap Weighted Average 7.8%
Australia Market Earnings Growth Rate Market Cap Weighted Average 6.9%
Australia Market Revenue Growth Rate Market Cap Weighted Average 3.4%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
ASX:RVS Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
ASX:RVS Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 72 7 7 2
2020-12-31 51 3 2 2
2019-12-31 32 5 0 2
ASX:RVS Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-12-31 27 -8 -4
2018-09-30 23 -6 -4
2018-06-30 18 -5 -3
2018-03-31 15 -5 -4
2017-12-31 13 -5 -4
2016-12-31 6 1 -2

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Revasum's earnings are expected to grow significantly at over 20% yearly.
  • Revasum's revenue is expected to grow significantly at over 20% yearly.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
ASX:RVS Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below

All data from Revasum Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ASX:RVS Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 0.08 0.10 0.05 2.00
2020-12-31 0.03 0.03 0.02 2.00
2019-12-31 0.00 0.00 0.00 1.00
ASX:RVS Past Financials Data
Date (Data in USD Millions) EPS *
2018-12-31 -0.67
2018-09-30 -0.05
2018-06-30 -0.05
2018-03-31 -0.06
2017-12-31 -0.51
2016-12-31

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Revasum is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Revasum's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Global market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Global market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Revasum has a total score of 5/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Revasum performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Revasum's growth in the last year to its industry (Semiconductor).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Revasum does not make a profit and there is insufficient past data to establish if their 5 year on year earnings growth rate was positive.
  • Unable to compare Revasum's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Revasum's 1-year growth to the Global Semiconductor industry average as it is not currently profitable.
Earnings and Revenue History
Revasum's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Revasum Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ASX:RVS Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 27.28 -4.36 6.05 3.86
2018-09-30 22.54 -3.80 5.37 4.13
2018-06-30 17.80 -3.25 4.72 4.40
2018-03-31 15.16 -3.50 4.47 3.95
2017-12-31 12.52 -3.75 4.18 3.50
2016-12-31 5.99 -1.52 2.00 2.08

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Revasum has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Revasum has efficiently used its assets last year compared to the Global Semiconductor industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Revasum improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Revasum's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Semiconductor industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Revasum has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Revasum's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Revasum's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Revasum is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Revasum's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Revasum's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 1538.3x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Revasum Company Filings, last reported 5 months ago.

ASX:RVS Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 34.99 0.00 24.47
2018-09-30 34.99 0.00 24.47
2018-06-30 32.88 0.00 32.34
2018-03-31 32.88 0.00 32.34
2017-12-31 2.95 1.00 2.41
2016-12-31
  • Revasum's level of debt (0.1%) compared to net worth is satisfactory (less than 40%).
  • Unable to establish if Revasum's debt level has increased without past 5-year debt data.
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.

  • Revasum has sufficient cash runway for 2.5 years based on current free cash flow.
  • Revasum has sufficient cash runway for 1.9 years if free cash flow continues to grow at historical rates of 86.8% each year.
X
Financial health checks
We assess Revasum's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Revasum has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Revasum dividends.
If you bought A$2,000 of Revasum shares you are expected to receive A$0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Revasum's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Revasum's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
ASX:RVS Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
Global Semiconductor Industry Average Dividend Yield Market Cap Weighted Average of 62 Stocks 2.3%
Australia Market Average Dividend Yield Market Cap Weighted Average of 416 Stocks 4%
Australia Minimum Threshold Dividend Yield 10th Percentile 1.6%
Australia Bottom 25% Dividend Yield 25th Percentile 2.6%
Australia Top 25% Dividend Yield 75th Percentile 5.8%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

ASX:RVS Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2021-12-31
2020-12-31
2019-12-31

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Revasum has not reported any payouts.
  • Unable to verify if Revasum's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Revasum's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Revasum has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Revasum's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.6%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Revasum afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Revasum has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Revasum's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Jerry Cutini
AGE 59
CEO Bio

Mr. Jerauld J. Cutini, also known as Jerry served as Chief Executive Officer at Strasbaugh until December 2016. Mr. Cutini serves as Executive Chairman, President & Chief Executive Officer at Revasum, Inc. Mr. Cutini has been the Chief Executive Officer and President of eIQ Energy, Inc. since July 2011. He has more than 25 years of experience in the semiconductor equipment industry, during which time, he served in various management positions. He is a veteran technology company. He has strong expertise in sales, marketing, company operations and M&A, and has raised more than $250 million from public and private investors, while playing a key role in two successful initial public offerings. He has led numerous global organizations through rapid growth periods. Mr. Cutini served as Senior Vice President of Marketing and Business Development of Novellus Surface Integrity Group since October 1999 until March 2001. He served as the Chief Executive Officer of Eshinui Inc. Mr. Cutini co-founded Aviza Technology, Inc. in September 2003 and served as its Chairman since November 27, 2007 until October 16, 2009 and Chief Executive Officer and President since September 2003 until October 16, 2009. Mr. Cutini co-founded OnTrak Systems Inc. and served as its Executive Vice President of Strategic Marketing, Business Management and Customer service since November 1994 until August 1997 and also served as its Secretary since September 1992, where he was instrumental in growing its annual sales from $1 million to $125 million, while also raising $85 million from private investors and public offerings. Mr. Cutini served as President of OnTrak Systems from 1997 to 1998 and also served as its Executive Vice President. Mr. Cutini helped organize the successful $400 million+ merger and integration between Lam Research Corp. and OnTrak in August 1997. Mr. Cutini joined Ontrak Systems Inc. in August 1990 as Vice President of Sales and served as its Chief Financial Officer from November 1990 to September 1992. From February 1989 to August 1990, Mr. Cutini served as Senior Sales Engineer for Applied Materials Inc. From September 1988 to February 1989, Mr. Cutini served as Western Regional Sales Manager for Solitec Inc. From 1988 to 1990, he served as an Account Manager for Applied Materials Inc. and from 1980 to 1988, he served various times as a Field Service Engineer, Product Marketing Engineer and Sales Engineer for Silicon Valley Group. From April 2001 to September 2003, Mr. Cutini served as a Consultant for the semiconductor industry under the name ITC Associates. Mr. Cutini served as Managing Director of ITC Associates. From May 1981 to September 1988, Mr. Cutini was employed by Silicon Valley Group Inc., in various positions in customer service and sales. Prior to beginning his career in technology, he served in the U.S. Navy from 1978 to 1981 and with the U.S. Naval Reserves from 1981 to 1984. He serves as the Chairman of the Board of Eshinui. He serves as a Director of eIQ Energy, Inc. He serves as a Director of SEMI North America. He served as a Director of Strasbaugh since July 22, 2010 until December 2016 and serves as Director at Ontrak Systems Inc. since November 1990. He serves as a Director of netMercury. He serves as a longtime Board Member for public and private companies. He served as a Director of Aviza Technology, Inc. since September 2003 until October 16, 2009. He served as a Director of Piper Holdings Inc. Mr. Cutini studied Electronics.

CEO Compensation
  • Insufficient data for Jerry to compare compensation growth.
  • Insufficient data for Jerry to establish whether their remuneration is reasonable compared to companies of similar size in Australia.
Management Team

Jerry Cutini

TITLE
Executive Chairman
AGE
59

Ryan Benton

TITLE
Senior VP
AGE
47
TENURE
0.8 yrs

David Roeloffs

TITLE
Vice President of Operations

Rob Rhoades

TITLE
Chief Technology Officer

Sarah Okada

TITLE
Vice President of Marketing & Product Management

Dennis Riccio

TITLE
Vice President of Sales

Rebecca Shooter-Dodd

TITLE
Director of Corporate Controller
Board of Directors Tenure

Average tenure and age of the Revasum board of directors in years:

0.8
Average Tenure
58
Average Age
  • The average tenure for the Revasum board of directors is less than 3 years, this suggests a new board.
Board of Directors

Jerry Cutini

TITLE
Executive Chairman
AGE
59

Ryan Benton

TITLE
Senior VP
AGE
47
TENURE
0.8 yrs

Paul Mirabelle

TITLE
Independent Non-Executive Director
AGE
60
TENURE
0.7 yrs

Vivek Rao

TITLE
Independent Non-Executive Director
TENURE
0.7 yrs

Kevin Landis

TITLE
Non-Executive Director
AGE
57
TENURE
3.4 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Revasum individual insiders in the past 3 months, but not in substantial volumes.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (A$) Value (A$)
19. May 19 Buy Jerauld Cutini Individual 17. May 19 17. May 19 37,500 A$1.36 A$51,000
16. Apr 19 Buy Perennial Value Management Limited Company 12. Feb 19 12. Apr 19 855,936 A$1.74 A$1,407,328
12. Feb 19 Buy Perennial Value Management Limited Company 31. Jan 19 08. Feb 19 1,457,900 A$1.80 A$2,491,148
01. Feb 19 Buy Perennial Value Management Limited Company 29. Jan 19 30. Jan 19 471,299 A$1.75 A$822,896
24. Jan 19 Buy Perennial Value Management Limited Company 10. Jan 19 22. Jan 19 770,141 A$1.76 A$1,315,453
07. Jan 19 Buy Perennial Value Management Limited Company 12. Dec 18 31. Dec 18 408,498 A$1.87 A$746,110
10. Dec 18 Buy Perennial Value Management Limited Company 04. Dec 18 05. Dec 18 921,585 A$1.88 A$1,729,019
X
Management checks
We assess Revasum's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Revasum has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

When Will Revasum, Inc. (ASX:RVS) Turn A Profit?

Many investors are wondering the rate at which RVS will turn a profit, with the big question being “when will the company breakeven?” In this article, I will touch on the expectations for RVS’s growth and when analysts expect the company to become profitable. … Working backwards from analyst estimates, it turns out that they expect the company to grow 105% year-on-year, on average, which is rather optimistic! … ASX:RVS Past and Future Earnings, May 23rd 2019 I’m not going to go through company-specific developments for RVS given that this is a high-level summary, though, keep in mind that by and large a high forecast growth rate is not unusual for a company that is currently undergoing an investment period.

Simply Wall St -

Calculating The Intrinsic Value Of Revasum, Inc. (ASX:RVS)

Remember though, that there are many ways to estimate a company's value, and a DCF is just one method. … Anyone interested in learning a bit more about intrinsic value should have a read of the Simply Wall St analysis model. … The first stage is generally a higher growth period which levels off heading towards the terminal value, captured in the second 'steady growth' period.

Simply Wall St -

Company Info

Description

Revasum, Inc. designs, develops, manufactures, and markets a portfolio of semiconductor processing equipment worldwide. The company offers grinding, polishing, and chemical mechanical planarization equipment to manufacture microchips, sensors, LEDs, and RF and power devices, which are used in IoT devices, cellphones, wearables, automotive, and 5G and industrial applications. It also provides wafer processing equipment for device and substrate manufacturing; and spare parts kits, on-site and off-site training, and training services. Revasum, Inc. was founded in 2016 and is headquartered in San Luis Obispo, California.

Details
Name: Revasum, Inc.
RVS
Exchange: ASX
Founded: 2016
A$98,744,569
76,546,178
Website: http://www.revasum.com
Address: Revasum, Inc.
825 Buckley Road,
San Luis Obispo,
California, 93401,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ASX RVS Chess Depositary Interests 1:1 Australian Securities Exchange AU AUD 04. Dec 2018
Number of employees
Current staff
Staff numbers
106
Revasum employees.
Industry
Semiconductor Equipment
Semiconductors
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/06/26 01:23
End of day share price update: 2019/06/25 00:00
Last estimates confirmation: 2019/05/15
Last earnings filing: 2019/02/26
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.