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EMCORE

DB:ER2N
Snowflake Description

Adequate balance sheet and overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
ER2N
DB
$112M
Market Cap
  1. Home
  2. DE
  3. Tech
Company description

EMCORE Corporation, together with its subsidiaries, provides advanced mixed-signal optics products in California. The last earnings update was 71 days ago. More info.


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ER2N Share Price and Events
7 Day Returns
-3.5%
DB:ER2N
1.8%
DE Communications
2.5%
DE Market
1 Year Returns
-5.4%
DB:ER2N
28.9%
DE Communications
-6.7%
DE Market
ER2N Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
EMCORE (ER2N) -3.5% 2.6% -11.1% -5.4% -31.4% 0.3%
DE Communications 1.8% 10.9% 38% 28.9% 7.2% 66.2%
DE Market 2.5% 3.3% 9.2% -6.7% 9% 13.5%
1 Year Return vs Industry and Market
  • ER2N underperformed the Communications industry which returned 28.9% over the past year.
  • ER2N outperformed the Market in Germany which returned -6.7% over the past year.
Price Volatility
ER2N
Industry
5yr Volatility vs Market
Related Companies

ER2N Value

 Is EMCORE 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
  • 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 €3.529.
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 EMCORE's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are EMCORE's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:ER2N PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in USD $-0.84
NasdaqGM:EMKR Share Price ** NasdaqGM (2019-04-18) in USD $4.06
Germany Communications Industry PE Ratio Median Figure of 5 Publicly-Listed Communications Companies 27.53x
Germany Market PE Ratio Median Figure of 421 Publicly-Listed Companies 19.69x

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

** Primary Listing of EMCORE.

DB:ER2N PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGM:EMKR Share Price ÷ EPS (both in USD)

= 4.06 ÷ -0.84

-4.85x

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

  • EMCORE is loss making, we can't compare its value to the DE Communications industry average.
  • EMCORE is loss making, we can't compare the value of its earnings to the Germany market.
Price based on expected Growth
Does EMCORE's expected growth come at a high price?
Raw Data
DB:ER2N PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -4.85x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts
68.3%per year
Europe Communications Industry PEG Ratio Median Figure of 12 Publicly-Listed Communications Companies 0.94x
Germany Market PEG Ratio Median Figure of 270 Publicly-Listed Companies 1.58x

*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 EMCORE, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on EMCORE's assets?
Raw Data
DB:ER2N PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in USD $3.67
NasdaqGM:EMKR Share Price * NasdaqGM (2019-04-18) in USD $4.06
Germany Communications Industry PB Ratio Median Figure of 7 Publicly-Listed Communications Companies 1.53x
Germany Market PB Ratio Median Figure of 570 Publicly-Listed Companies 1.87x
DB:ER2N PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGM:EMKR Share Price ÷ Book Value per Share (both in USD)

= 4.06 ÷ 3.67

1.11x

* Primary Listing of EMCORE.

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

  • EMCORE is good value based on assets compared to the DE Communications industry average.
X
Value checks
We assess EMCORE'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 Communications 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 Communications industry average (and greater than 0)? (1 check)
  5. EMCORE 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.

ER2N Future Performance

 How is EMCORE expected to perform in the next 1 to 3 years based on estimates from 3 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
68.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is EMCORE expected to grow at an attractive rate?
  • Unable to compare EMCORE's earnings growth to the low risk savings rate as it is expected to be loss making during the next 1-3 years.
Growth vs Market Checks
  • Unable to compare EMCORE's earnings growth to the Germany market average as it is expected to be loss making during the next 1-3 years.
  • EMCORE's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:ER2N Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:ER2N Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts 68.3%
DB:ER2N Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 3 Analysts 15%
Germany Communications Industry Earnings Growth Rate Market Cap Weighted Average 24.4%
Europe Communications Industry Revenue Growth Rate Market Cap Weighted Average 2.6%
Germany Market Earnings Growth Rate Market Cap Weighted Average 11.7%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.8%

*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
DB:ER2N Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:ER2N Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-09-30 113 -6 2
2019-09-30 99 -14 3
DB:ER2N Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-12-31 86 1 -23
2018-09-30 86 1 -17
2018-06-30 90 5 -9
2018-03-31 103 4 1
2017-12-31 117 9 6
2017-09-30 123 12 8
2017-06-30 119 6 8
2017-03-31 111 2 7
2016-12-31 100 -11 5
2016-09-30 92 -6 3
2016-06-30 89 -6 2
2016-03-31 88 2 2

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • 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.
Raw Data
DB:ER2N Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below

All data from EMCORE Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:ER2N Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-09-30 -0.21 -0.21 -0.21 1.00
2019-09-30 -0.49 -0.49 -0.49 1.00
DB:ER2N Past Financials Data
Date (Data in USD Millions) EPS *
2018-12-31 -0.84
2018-09-30 -0.64
2018-06-30 -0.35
2018-03-31 0.05
2017-12-31 0.24
2017-09-30 0.31
2017-06-30 0.29
2017-03-31 0.25
2016-12-31 0.17
2016-09-30 0.10
2016-06-30 0.09
2016-03-31 0.06

*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.
  • Unable to establish if EMCORE will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess EMCORE'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 Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe 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.
EMCORE has a total score of 1/6, 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.

ER2N Past Performance

  How has EMCORE 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 EMCORE's growth in the last year to its industry (Communications).
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.
  • EMCORE does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare EMCORE's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare EMCORE's 1-year growth to the Europe Communications industry average as it is not currently profitable.
Earnings and Revenue History
EMCORE'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 EMCORE Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:ER2N 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 85.58 -22.91 23.25 15.61
2018-09-30 85.62 -17.45 20.53 15.39
2018-06-30 89.55 -9.40 19.89 14.88
2018-03-31 102.79 1.45 19.47 14.30
2017-12-31 116.76 6.37 19.69 14.14
2017-09-30 122.90 8.22 20.25 12.54
2017-06-30 119.32 7.79 20.40 11.07
2017-03-31 110.74 6.54 21.01 10.14
2016-12-31 99.68 4.52 20.56 9.56
2016-09-30 92.00 2.62 20.03 9.92
2016-06-30 89.42 2.23 19.81 10.18
2016-03-31 88.23 1.52 18.92 10.05
2015-12-31 85.76 0.72 20.05 9.51
2015-09-30 81.69 -2.27 24.71 9.12
2015-06-30 72.97 13.35 24.64 8.94
2015-03-31 65.37 8.54 25.46 9.00
2014-12-31 59.27 4.77 23.83 9.66
2014-09-30 55.51 4.08 22.44 9.31
2014-06-30 84.30 -15.13 20.83 12.64
2014-03-31 104.18 -17.99 22.51 14.97
2013-12-31 133.50 -1.66 24.95 16.41
2013-09-30 60.97 -5.58 18.49 10.51
2013-06-30 172.54 0.63 29.61 18.76
2013-03-31 180.13 -1.20 31.33 19.08
2012-12-31 175.64 -22.14 32.93 20.75
2012-09-30 163.78 -39.17 34.86 22.34
2012-06-30 168.42 -46.89 29.40 25.89

*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 EMCORE has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if EMCORE has efficiently used its assets last year compared to the DE Communications industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if EMCORE 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 EMCORE'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 Communications 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.
EMCORE 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.

ER2N Health

 How is EMCORE'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 EMCORE's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • EMCORE is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • EMCORE's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of EMCORE'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.
  • EMCORE has no debt, it does not need to be covered by short term assets.
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 EMCORE Company Filings, last reported 3 months ago.

DB:ER2N Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 101.56 0.00 57.28
2018-09-30 106.81 0.00 63.12
2018-06-30 111.43 0.00 65.31
2018-03-31 119.14 0.00 65.48
2017-12-31 121.15 0.00 64.20
2017-09-30 120.77 0.00 68.33
2017-06-30 117.16 0.00 66.09
2017-03-31 113.63 0.00 68.61
2016-12-31 109.61 0.00 62.18
2016-09-30 107.32 0.00 63.91
2016-06-30 143.80 0.00 105.05
2016-03-31 142.02 0.00 110.03
2015-12-31 136.88 0.00 115.52
2015-09-30 135.44 0.00 111.89
2015-06-30 133.50 0.00 114.13
2015-03-31 175.49 0.00 140.97
2014-12-31 170.52 0.00 147.58
2014-09-30 112.35 26.52 20.69
2014-06-30 94.51 20.94 18.17
2014-03-31 96.67 17.60 18.18
2013-12-31 100.29 17.20 18.14
2013-09-30 101.18 21.71 16.10
2013-06-30 90.03 20.06 5.91
2013-03-31 96.08 20.78 5.92
2012-12-31 82.43 22.40 11.88
2012-09-30 69.02 23.73 9.05
2012-06-30 73.29 25.22 20.25
  • EMCORE has no debt.
  • EMCORE has no debt compared to 5 years ago when it was 17.2%.
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.

  • Information is not available.
  • Unable to confirm if EMCORE has at least 1 year of cash runway based on growing free cash flows without relevant data.
X
Financial health checks
We assess EMCORE'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. EMCORE has a total score of 4/6, 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.

ER2N Dividends

 What is EMCORE'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 EMCORE dividends.
If you bought €2,000 of EMCORE shares you are expected to receive €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 EMCORE's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate EMCORE'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
DB:ER2N 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 3 Analyst Estimates (S&P Global) See Below
Europe Communications Industry Average Dividend Yield Market Cap Weighted Average of 10 Stocks 2.5%
Germany Market Average Dividend Yield Market Cap Weighted Average of 324 Stocks 3%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.9%
Germany Bottom 25% Dividend Yield 25th Percentile 1.4%
Germany Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

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

DB:ER2N Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2020-09-30
2019-09-30

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

  • Unable to perform a dividend volatility check as EMCORE has not reported any payouts.
  • Unable to verify if EMCORE's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of EMCORE's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as EMCORE 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 EMCORE's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.9%) - 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 EMCORE afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. EMCORE 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.

ER2N Management

 What is the CEO of EMCORE'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
Jeff Rittichier
COMPENSATION $1,028,561
AGE 58
TENURE AS CEO 4.3 years
CEO Bio

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.

CEO Compensation
  • 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 EMCORE management team in years:

2.1
Average Tenure
55
Average Age
  • The tenure for the EMCORE management team is about average.
Management Team

Jeff Rittichier

TITLE
CEO, President & Director
COMPENSATION
$1M
AGE
58
TENURE
4.3 yrs

Albert Lu

TITLE
Senior Vice President of Engineering
COMPENSATION
$524K
AGE
41
TENURE
2.1 yrs

Mark Gordon

TITLE
Interim Principal Financial & Accounting Officer
AGE
55
TENURE
0.3 yrs

Iain Black

TITLE
Senior Vice President of Operations
AGE
53
TENURE
1 yrs

Hank Blauvelt

TITLE
Chief Technology Officer
TENURE
4.3 yrs

Ryan Hochgesang

TITLE
VP, General Counsel & Secretary

Dave Wojciechowski

TITLE
Vice President of Sales
COMPENSATION
$440K
AGE
55
TENURE
3.9 yrs

Gyo Shinozaki

TITLE
Vice President of Marketing

Marc Cavagnolo

TITLE
Vice President of Corporate Development
TENURE
1.9 yrs
Board of Directors Tenure

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

4.3
Average Tenure
59
Average Age
  • The tenure for the EMCORE board of directors is about average.
Board of Directors

Gerry Fine

TITLE
Chairman of the Board
COMPENSATION
$147K
AGE
60

Jeff Rittichier

TITLE
CEO, President & Director
COMPENSATION
$1M
AGE
58
TENURE
4.3 yrs

Rex Jackson

TITLE
Independent Director
COMPENSATION
$121K
AGE
58
TENURE
3.3 yrs

Steve Domenik

TITLE
Independent Director
COMPENSATION
$106K
AGE
66
TENURE
5.3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
26. Mar 19 Buy Northern Right Capital Management, L.P. Company 13. Feb 19 26. Mar 19 317,997 €3.72 €498,845
13. Feb 19 Buy Northern Right Capital Management, L.P. Company 26. Dec 18 12. Feb 19 356,609 €4.07 €1,375,793
26. Dec 18 Buy Northern Right Capital Management, L.P. Company 12. Oct 18 24. Dec 18 303,069 €4.51 €1,366,316
10. Oct 18 Buy Northern Right Capital Management, L.P. Company 13. Aug 18 05. Oct 18 148,063 €4.17 €615,008
X
Management checks
We assess EMCORE'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. EMCORE 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.

ER2N News

Simply Wall St News

ER2N Company Info

Description

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.

Details
Name: EMCORE Corporation
ER2N
Exchange: DB
Founded: 1984
$99,939,524
27,670,466
Website: http://www.emcore.com
Address: EMCORE Corporation
2015 West Chestnut Street,
Alhambra,
California, 91803,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGM EMKR Common Stock Nasdaq Global Market US USD 06. Mar 1997
DB ER2N Common Stock Deutsche Boerse AG DE EUR 06. Mar 1997
Number of employees
Current staff
Staff numbers
391
EMCORE employees.
Industry
Communications Equipment
Tech
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/18 20:49
End of day share price update: 2019/04/18 00:00
Last estimates confirmation: 2019/04/02
Last earnings filing: 2019/02/06
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/09/30


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.