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
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
It is not possible to calculate the future cash flow value for
EMCORE. This is due to cash flow or dividend data being
unavailable. The share price is
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
is considered below, and whether this is a fair price.
Price based on past earnings
EMCORE's earnings available for a low price, and how does
this compare to other companies in the same industry?
EMCORE is not considered high growth as it is expected to be loss making for the next 1-3 years.
EMCORE's revenue is expected to grow by 15% yearly, however this is not considered high growth (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.
EMCORE's performance over the past 5 years by checking for:
Has earnings increased in past 5 years? (1 check)
Has the earnings growth in the last year exceeded that of the
industry? (1 check)
Is the recent earnings growth over the last year higher than the average annual growth over the
past 5 years? (1 check)
Is the Return on Equity (ROE) higher than 20%? (1 check)
Is the Return on Assets (ROA) above industry average? (1 check)
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.
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.
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.
TENURE AS CEO
Mr. Jeffrey S. Rittichier, also known as Jeff, has been the Chief Executive Officer of EMCORE Corporation since January 3, 2015 and serves as its President. Mr. Rittichier has an extensive record of accomplishment in the optical components industry. He served as Vice President and General Manager of Lucent's Access Business From April 1999 to October 2001. has worked in the semiconductor industry for over 20 years, including over ten years in the optical communications industry. He was President and Chief Executive Officer at Nanostatics Corporation from April 2009 to December 2014. From November 2007 to April 2009, he served as President and Chief Operating Officer of the electrical testing company Epik Energy Solutions, L.L.C. He served as Chief Executive Officer and President of Xponent Photonics, Inc. since October 2001 to November 2007. He served as Vice President of Marketing of Ortel Corporation from April 1999 to October 2001. Mr. Rittichier joined Ortel in April 1999 as Vice President of Marketing for broadband communications, where he was responsible for overseeing the business unit's development through marketing strategies and tactics. From June 1994 to April 1999, Mr. Rittichier served various management positions, including Director of Marketing and Sales and Director of Manufacturing, for Etec Systems, a manufacturer of semiconductor generators and laser direct imaging systems. He also oversaw the development of the DigiRite 2000(TM) system, the world's first commercially successful Laser Direct Imaging system. From April 1991 to June 1994, Mr. Rittichier served various management positions with Cymbolic Sciences International, a manufacturer of imagining equipment and from April 1990 to April 1991, Mr. Rittichier served as Vice President of Marketing for GTX Corporation, a developer of CAD and document management software. From June 1984 to April 1990, Mr. Rittichier served various management positions with Gerber Systems Corp. Prior to 1984, Mr. Rittichier served as a Sales Engineer with Hewlett Packard. He has been Director of EMCORE Corporation since January 5, 2015. He serves on the Board of Directors for Sabeus Photonics. He served as a Director of Xponent Photonics Inc. He was awarded the title of Distinguished Alumnus by Ohio State University'sCollege of Engineering in 2011 and has completed the Financial Management Program at Stanford University. Mr. Rittichier earned a B.S. degree in Mechanical Engineering from Ohio State University.
Jeff's compensation has been consistent with company performance over the past year.
Jeff's remuneration is higher than average for companies of similar size in Germany.
Management Team Tenure
Average tenure and age of the
management team in years:
The tenure for the EMCORE management team is about average.
CEO, President & Director
Senior Vice President of Engineering
Interim Principal Financial & Accounting Officer
Senior Vice President of Operations
Chief Technology Officer
VP, General Counsel & Secretary
Vice President of Sales
Vice President of Marketing
Vice President of Corporate Development
Board of Directors Tenure
Average tenure and age of the
board of directors in years:
The tenure for the EMCORE board of directors is about average.
EMCORE Corporation, together with its subsidiaries, provides advanced mixed-signal optics products in California. It offers broadband products comprising cable television; laser, receiver, and photodetector component products; radio frequency over glass FTTP products; satellite/microwave communications products; and wireless communications products. The company also provides chip devices products, including high-power gain chips, GPON fiber-to-the-premises, and data center chip products; and navigation systems products, such as fiber optic gyroscope products and inertial measurement units and navigation systems products. It sells its products through direct sales force, application engineers, third party sales representatives, and distributors. EMCORE Corporation was founded in 1984 and is headquartered in Alhambra, California.
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