EMCORE Corporation, together with its subsidiaries, provides advanced mixed-signal optics products in the United States, Canada, Asia, Europe, and internationally.
Fair value with mediocre balance sheet.
Share Price & News
How has EMCORE's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: ER2N has not had significant price volatility in the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: ER2N matched the German Communications industry which returned -12.1% over the past year.
Return vs Market: ER2N underperformed the German Market which returned 6.1% over the past year.
Price Volatility Vs. Market
How volatile is EMCORE's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Is EMCORE undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: ER2N (€3.2) is trading below our estimate of fair value (€8.75)
Significantly Below Fair Value: ER2N is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: ER2N is unprofitable, so we can't compare its PE Ratio to the Communications industry average.
PE vs Market: ER2N is unprofitable, so we can't compare its PE Ratio to the German market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate ER2N's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: ER2N is good value based on its PB Ratio (1.3x) compared to the DE Communications industry average (3x).
How is EMCORE forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: ER2N is forecast to remain unprofitable over the next 3 years.
Earnings vs Market: ER2N is forecast to remain unprofitable over the next 3 years.
High Growth Earnings: ER2N is forecast to remain unprofitable over the next 3 years.
Revenue vs Market: ER2N's revenue (16.5% per year) is forecast to grow faster than the German market (5.1% per year).
High Growth Revenue: ER2N's revenue (16.5% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if ER2N's Return on Equity is forecast to be high in 3 years time
How has EMCORE performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: ER2N is currently unprofitable.
Growing Profit Margin: ER2N is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: ER2N is unprofitable, and losses have increased over the past 5 years at a rate of -69.4% per year.
Accelerating Growth: Unable to compare ER2N's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: ER2N is unprofitable, making it difficult to compare its past year earnings growth to the Communications industry (31.6%).
Return on Equity
High ROE: ER2N has a negative Return on Equity (-41.75%), as it is currently unprofitable.
Return on Assets
Return on Capital Employed
How is EMCORE's financial position?
Financial Position Analysis
Short Term Liabilities: ER2N's short term assets ($68.0M) exceed its short term liabilities ($25.0M).
Long Term Liabilities: ER2N's short term assets ($68.0M) exceed its long term liabilities ($5.9M).
Debt to Equity History and Analysis
Debt Level: ER2N's debt to equity ratio (5.9%) is considered satisfactory.
Reducing Debt: Insufficient data to determine if ER2N's debt to equity ratio has reduced over the past 5 years.
Inventory Level: ER2N has a high level of physical assets or inventory.
Debt Coverage by Assets: ER2N's debt is covered by short term assets (assets are 15.3x debt).
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: ER2N has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: Insufficient data to determine if ER2N has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.
What is EMCORE's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: Unable to evaluate ER2N's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate ER2N's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if ER2N's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if ER2N'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 ER2N's dividend in 3 years as they are not forecast to pay a notable one for the German market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Jeff Rittichier (59yo)
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 accomp ...
CEO Compensation Analysis
Compensation vs Market: Jeff's total compensation ($USD1.39M) is above average for companies of similar size in the German market ($USD415.76K).
Compensation vs Earnings: Jeff's compensation has increased whilst the company is unprofitable.
|CEO, President & Director||5.1yrs||US$1.39m||0.83% $773.1k|
|Senior Vice President of Operations||1.8yrs||US$445.94k||0.026% $24.5k|
|Senior Vice President of Engineering||2.9yrs||US$466.12k||0.072% $67.2k|
|Chief Financial Officer||0.5yrs||no data||no data|
|Director of Accounting||1.1yrs||no data||no data|
|Chief Technology Officer||5.1yrs||no data||no data|
|VP, General Counsel & Secretary||0yrs||no data||no data|
|Vice President of Sales||4.8yrs||US$440.32k||no data|
|Vice President of Marketing||0yrs||no data||no data|
|Vice President of Corporate Development||2.8yrs||no data||no data|
Experienced Management: ER2N's management team is considered experienced (2.8 years average tenure).
|CEO, President & Director||5.1yrs||US$1.39m||0.83% $773.1k|
|Independent Chairman of the Board||0.08yrs||US$111.98k||0.14% $131.0k|
|Independent Director||4.2yrs||US$123.48k||0.079% $73.9k|
|Independent Director||0.4yrs||US$34.08k||no data|
|Independent Director||0.7yrs||US$57.98k||no data|
Experienced Board: ER2N's board of directors are not considered experienced ( 0.7 years average tenure), which suggests a new board.
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: ER2N insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 3.3%.
EMCORE Corporation's company bio, employee growth, exchange listings and data sources
- Name: EMCORE Corporation
- Ticker: ER2N
- Exchange: DB
- Founded: 1984
- Industry: Communications Equipment
- Sector: Tech
- Market Cap: US$101.776m
- Listing Market Cap: US$93.552m
- Shares outstanding: 29.08m
- Website: https://www.emcore.com
Number of Employees
- EMCORE Corporation
- 2015 West Chestnut Street
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|EMKR||NasdaqGM (Nasdaq Global Market)||Yes||Common Stock||US||USD||Mar 1997|
|ER2N||DB (Deutsche Boerse AG)||Yes||Common Stock||DE||EUR||Mar 1997|
EMCORE Corporation, together with its subsidiaries, provides advanced mixed-signal optics products in the United States, Canada, Asia, Europe, and internationally. The company offers cable television (CATV) products, including forward and return-path analog lasers, receivers, photodetectors, and subassembly components; and analog and digital fiber-optic transmitters, quadrature amplitude modulation transmitters, optical switches, and CATV fiber amplifiers for the CATV, satellite communications, and wireless markets. It also provides high-power gain chips products, photodiode products, and GPON fiber-to-the-premises (FTTP) and data center chip products for the telecommunications, FTTP, long-term evolution, and data center markets. In addition, the company offers navigation systems products, such as fiber optic gyroscope, quartz MEMS gyroscope, and inertial measurement unit and navigation system primarily for the aerospace and defense markets. 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.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/02/25 20:52|
|End of Day Share Price||2020/02/25 00:00|
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.