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Identiv

DB:INVN
Snowflake Description

Adequate balance sheet with reasonable growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
INVN
DB
$83M
Market Cap
  1. Home
  2. DE
  3. Tech
Company description

Identiv, Inc. operates as a security technology company that secures data, physical places, and things worldwide. The last earnings update was 41 days ago. More info.


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INVN Share Price and Events
7 Day Returns
3.3%
DB:INVN
1.6%
DE Electronic
0.8%
DE Market
1 Year Returns
60%
DB:INVN
2.7%
DE Electronic
-4.5%
DE Market
INVN Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Identiv (INVN) 3.3% -8.2% -2.1% 60% 96.2% -24.7%
DE Electronic 1.6% 10.5% 19.9% 2.7% 97.7% 106%
DE Market 0.8% 6.9% 8.1% -4.5% 10.4% 13.9%
1 Year Return vs Industry and Market
  • INVN outperformed the Electronic industry which returned 2.7% over the past year.
  • INVN outperformed the Market in Germany which returned -4.5% over the past year.
Price Volatility
INVN
Industry
5yr Volatility vs Market

INVN Value

 Is Identiv 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 Identiv 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 Identiv.

DB:INVN Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 4 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 7%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

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 DB:INVN
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Electronic Unlevered Beta Simply Wall St/ S&P Global 1.07
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.068 (1 + (1- 21%) (16.35%))
1.138
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.14
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1.138 * 5.96%)
7.01%

Discounted Cash Flow Calculation for DB:INVN using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Identiv 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.

DB:INVN DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 7.01%)
2019 -1.60 Analyst x1 -1.50
2020 2.60 Analyst x1 2.27
2021 4.06 Est @ 56.14% 3.31
2022 5.66 Est @ 39.36% 4.31
2023 7.22 Est @ 27.62% 5.15
2024 8.62 Est @ 19.4% 5.74
2025 9.80 Est @ 13.65% 6.10
2026 10.74 Est @ 9.62% 6.25
2027 11.47 Est @ 6.81% 6.23
2028 12.03 Est @ 4.83% 6.11
Present value of next 10 years cash flows $43.97
DB:INVN DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $12.03 × (1 + 0.23%) ÷ (7.01% – 0.23%)
$177.69
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $177.69 ÷ (1 + 7.01%)10
$90.23
DB:INVN Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $43.97 + $90.23
$134.20
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $134.20 / 16.51
$8.13
DB:INVN Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:INVN represents 0.87948x of NasdaqCM:INVE
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.87948x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (USD) x Listing Adjustment Factor
= $ 8.13 x 0.87948
€7.15
Value per share (EUR) From above. €7.15
Current discount Discount to share price of €4.42
= -1 x (€4.42 - €7.15) / €7.15
38.2%

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

Current Discount
Amount off the current price Identiv is available for.
Intrinsic value
38%
Share price is €4.42 vs Future cash flow value of €7.15
Current Discount Checks
For Identiv to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Identiv's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Identiv'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 Identiv's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Identiv's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:INVN PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in USD $-0.35
NasdaqCM:INVE Share Price ** NasdaqCM (2019-04-25) in USD $5.02
Germany Electronic Industry PE Ratio Median Figure of 13 Publicly-Listed Electronic Companies 23.82x
Germany Market PE Ratio Median Figure of 424 Publicly-Listed Companies 20.1x

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

** Primary Listing of Identiv.

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

= NasdaqCM:INVE Share Price ÷ EPS (both in USD)

= 5.02 ÷ -0.35

-14.18x

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

  • Identiv is loss making, we can't compare its value to the DE Electronic industry average.
  • Identiv is loss making, we can't compare the value of its earnings to the Germany market.
Price based on expected Growth
Does Identiv's expected growth come at a high price?
Raw Data
DB:INVN PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -14.18x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts
142.8%per year
Germany Electronic Industry PEG Ratio Median Figure of 12 Publicly-Listed Electronic Companies 2.18x
Germany Market PEG Ratio Median Figure of 268 Publicly-Listed Companies 1.57x

*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 Identiv, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Identiv's assets?
Raw Data
DB:INVN PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in USD $2.12
NasdaqCM:INVE Share Price * NasdaqCM (2019-04-25) in USD $5.02
Germany Electronic Industry PB Ratio Median Figure of 19 Publicly-Listed Electronic Companies 2.57x
Germany Market PB Ratio Median Figure of 574 Publicly-Listed Companies 1.87x
DB:INVN PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqCM:INVE Share Price ÷ Book Value per Share (both in USD)

= 5.02 ÷ 2.12

2.37x

* Primary Listing of Identiv.

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

  • Identiv is good value based on assets compared to the DE Electronic industry average.
X
Value checks
We assess Identiv'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 Electronic 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 Electronic industry average (and greater than 0)? (1 check)
  5. Identiv has a total score of 2/6, 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.

INVN Future Performance

 How is Identiv expected to perform in the next 1 to 3 years based on estimates from 4 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
142.8%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Identiv expected to grow at an attractive rate?
  • Identiv's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Identiv's earnings growth is expected to exceed the Germany market average.
  • Identiv's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:INVN Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:INVN Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts 142.8%
DB:INVN Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 4 Analysts 13.7%
Germany Electronic Industry Earnings Growth Rate Market Cap Weighted Average 12.9%
Germany Electronic Industry Revenue Growth Rate Market Cap Weighted Average 7.9%
Germany Market Earnings Growth Rate Market Cap Weighted Average 11.8%
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:INVN Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:INVN Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-12-31 103 5 3 3
2019-12-31 93 0 -1 4
DB:INVN Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-12-31 78 -5 -6
2018-09-30 73 -6 -10
2018-06-30 69 -8 -11
2018-03-31 63 -7 -10
2017-12-31 60 -8 -8
2017-09-30 58 -5 -5
2017-06-30 58 -3 -4
2017-03-31 57 0 -5
2016-12-31 56 -6 -14
2016-09-30 55 -12 -32
2016-06-30 56 -20 -38
2016-03-31 58 -27 -43

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Identiv's earnings are expected to grow significantly at over 20% yearly.
  • Identiv's revenue is expected to grow by 13.7% 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:INVN 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 4 Analyst Estimates (S&P Global) See Below

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

DB:INVN Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-12-31 0.16 0.17 0.15 2.00
2019-12-31 -0.03 -0.02 -0.04 2.00
DB:INVN Past Financials Data
Date (Data in USD Millions) EPS *
2018-12-31 -0.35
2018-09-30 -0.64
2018-06-30 -0.71
2018-03-31 -0.68
2017-12-31 -0.61
2017-09-30 -0.38
2017-06-30 -0.38
2017-03-31 -0.50
2016-12-31 -1.25
2016-09-30 -2.93
2016-06-30 -3.53
2016-03-31 -4.00

*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 Identiv will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Identiv'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 Germany 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.
Identiv has a total score of 4/6, 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.

INVN Past Performance

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

DB:INVN 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 78.14 -5.54 26.25 7.24
2018-09-30 73.40 -9.85 24.96 6.95
2018-06-30 68.81 -10.60 23.88 6.68
2018-03-31 63.36 -9.76 22.20 6.36
2017-12-31 60.22 -8.14 21.69 6.15
2017-09-30 58.31 -4.69 21.12 6.11
2017-06-30 58.44 -4.40 21.15 5.99
2017-03-31 57.08 -5.46 22.01 5.91
2016-12-31 56.17 -13.70 25.34 6.52
2016-09-30 54.60 -31.69 29.59 7.58
2016-06-30 56.23 -38.11 35.83 8.34
2016-03-31 58.35 -43.33 40.57 9.24
2015-12-31 60.79 -39.14 39.76 9.15
2015-09-30 67.10 -26.27 38.20 8.42
2015-06-30 72.62 -22.95 35.29 8.00
2015-03-31 79.33 -17.44 32.89 7.39
2014-12-31 81.25 -18.32 32.99 6.90
2014-09-30 81.41 -18.66 33.52 6.12
2014-06-30 79.60 -26.37 33.13 5.95
2014-03-31 75.18 -25.64 32.55 6.09
2013-12-31 74.28 -24.03 33.06 6.28
2013-09-30 59.10 6.84 25.36 5.28
2013-06-30 61.14 10.48 27.03 5.65
2013-03-31 67.11 -23.94 29.96 6.17
2012-12-31 72.36 -26.17 33.90 6.97
2012-09-30 95.93 -53.16 44.45 9.10
2012-06-30 99.74 -48.93 46.59 9.36

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

INVN Health

 How is Identiv'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 Identiv's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Identiv is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Identiv's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Identiv'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 3.1x 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 Identiv Company Filings, last reported 3 months ago.

DB:INVN Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 33.70 13.55 10.87
2018-09-30 30.04 13.25 14.24
2018-06-30 30.05 15.59 17.92
2018-03-31 24.42 17.02 16.69
2017-12-31 23.85 12.75 19.05
2017-09-30 15.76 16.43 15.74
2017-06-30 16.18 15.62 17.97
2017-03-31 5.00 15.58 7.88
2016-12-31 3.93 17.90 9.12
2016-09-30 4.10 17.91 9.18
2016-06-30 3.98 17.93 9.40
2016-03-31 6.40 17.80 8.96
2015-12-31 14.19 17.66 16.67
2015-09-30 31.20 18.06 21.42
2015-06-30 38.47 18.02 30.85
2015-03-31 41.76 13.98 33.09
2014-12-31 46.13 13.94 36.55
2014-09-30 52.97 13.93 41.13
2014-06-30 23.14 15.63 12.53
2014-03-31 23.40 13.50 12.03
2013-12-31 24.74 6.02 5.10
2013-09-30 25.86 11.24 9.54
2013-06-30 44.47 12.91 3.69
2013-03-31 44.89 13.64 5.49
2012-12-31 49.59 9.01 6.11
2012-09-30 43.95 7.18 6.29
2012-06-30 51.54 5.88 6.34
  • Identiv's level of debt (40.2%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (24.7% vs 40.2% today).
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.

  • Identiv has sufficient cash runway for 1.7 years based on current free cash flow.
  • Identiv has sufficient cash runway for 2.9 years if free cash flow continues to reduce at historical rates of -53.4% each year.
X
Financial health checks
We assess Identiv'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. Identiv 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.

INVN Dividends

 What is Identiv'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 Identiv dividends.
If you bought €2,000 of Identiv 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 Identiv's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Identiv'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:INVN 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 4 Analyst Estimates (S&P Global) See Below
Germany Electronic Industry Average Dividend Yield Market Cap Weighted Average of 9 Stocks 1.1%
Germany Market Average Dividend Yield Market Cap Weighted Average of 326 Stocks 3%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
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:INVN Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
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 Identiv has not reported any payouts.
  • Unable to verify if Identiv's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Identiv's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Identiv 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 Identiv's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - 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 Identiv afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Identiv 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.

INVN Management

 What is the CEO of Identiv'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
Steve Humphreys
COMPENSATION $451,941
AGE 57
TENURE AS CEO 3.6 years
CEO Bio

Mr. Steven Humphreys, also known as Steve, has been the Chief Executive Officer of Identiv, Inc. since September 09, 2015. From November 2011 to December 2014, Mr. Humphreys served as the Chief Executive Officer of Flywheel Software, Inc. From October 2008 until its acquisition by SMSC in February 2011, Mr. Humphreys served as the Chief Executive Officer and President of Kleer Corporation since April 2009. Previously, he also served as Lead Director from May 2010 to April 2013 and as Chairman of the Board from April 2000 to March 2007 at Identiv, Inc. He served as the Chief Executive Officer and Chairman of ActivIdentity Corporation from October 2001 to October 2003. Mr. Humphreys also served as an Executive Officer of Identiv, Inc., as President from July 1996 to December 1996 and as President and Chief Executive Officer from December 1996 to April 2000. He served as Chief Executive Officer of ActivIdentity Corporation from October 2001 to January 2002. Prior to joining ActivIdentity Corporation, from July 1996 to October 2001, Mr. Humphreys served as President of Identiv, Inc. from July 1996 to 1999. He served as the Chief Executive Officer of ActivIdentity Corporation from October 2001 to October 2003. From April 1994 to February 1996, Mr. Humphreys served as President of Caere Corp. Prior to Caere, he spent ten years with General Electric in a variety of factory automation and information technology positions, leading the Information Delivery Services business unit of GE Information Services. He served as the Chairman of Identiv, Inc. (alternate name: Identive Group, Inc.) from September 2013 to September 09, 2015. Mr. Humphreys has been Chairman of Robotic Innovations International Inc. (RIII) since October 2003. He was the Chairman of the Board at HeadThere, Inc. He served as Chairman of the Board of ActivIdentity Corporation from January 2002 to October 2003. Mr. Humphreys served as the Chairman of the Board of Directors of Identiv, Inc. from April 2000 to March 2007. He has been a Director of Identiv, Inc. since July 1996 and served as its Lead Independent Director from May 26, 2010 to April 2013. He has been a Director of Summit Preparatory Public Charter High School since 2003 and developer of the Summit Learning System, developed in cooperation with Facebook and deployed in over 1,000 schools nationwide. . He serves on the Boards of SevenMountains Software AS, HeadThere, Inc., Flywheel Software, Interwoven, HealthQuick, Dolores Labs, Ready Solar, Inc. and MagnaWare Inc., as well as the advisory boards of TVM IV, Index Ventures, Osprey and other venture funds. He serves as a Trustee of the Portola Valley school. He served as a Member of Business and Technical Advisory Board of Encentuate, Inc. He served as Director of Kleer Corporation since April 2009. Philanthropically, Mr. Humphreys has been an elected public school board trustee and a contributor to a range of education-oriented charities. Previously, he served as a Director of ActivIdentity Corporation from March 2008 to December 2010. Mr. Humphreys earned a B.S. degree from Yale University and an M.S. and an M.B.A. degrees from Stanford University.

CEO Compensation
  • Steve's compensation has been consistent with company performance over the past year.
  • Steve's remuneration is higher than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Identiv management team in years:

4.6
Average Tenure
53
Average Age
  • The tenure for the Identiv management team is about average.
Management Team

Steve Humphreys

TITLE
CEO & Director
COMPENSATION
$452K
AGE
57
TENURE
3.6 yrs

Sandra Wallach

TITLE
CFO & Secretary
COMPENSATION
$764K
AGE
53
TENURE
2.2 yrs

Manfred Mueller

TITLE
COO and GM of Identity & Credentials
COMPENSATION
$934K
AGE
48
TENURE
5.6 yrs

Lennart Streibel

TITLE
Chief of Staff
TENURE
5.6 yrs
Board of Directors Tenure

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

4.4
Average Tenure
63
Average Age
  • The tenure for the Identiv board of directors is about average.
Board of Directors

Jim Ousley

TITLE
Chairman
COMPENSATION
$365K
AGE
72
TENURE
3.6 yrs

Steve Humphreys

TITLE
CEO & Director
COMPENSATION
$452K
AGE
57
TENURE
22.8 yrs

Gary Kremen

TITLE
Director
COMPENSATION
$215K
AGE
54
TENURE
5.2 yrs

Nina Shapiro

TITLE
Director
COMPENSATION
$192K
AGE
69
TENURE
2.8 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 (€)
07. Dec 18 Buy Gary Kremen Individual 06. Dec 18 06. Dec 18 10,000 €4.40 €43,952
30. Nov 18 Buy Gary Kremen Individual 27. Nov 18 28. Nov 18 17,000 €4.58 €77,439
X
Management checks
We assess Identiv'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. Identiv 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.

INVN News

Simply Wall St News

INVN Company Info

Description

Identiv, Inc. operates as a security technology company that secures data, physical places, and things worldwide. Its Premises segment offers modular Hirsch MX controllers that allow customers to start with a small system and expand over time; Hirsch Velocity software platform for centralized management of access and security operations across an organization; federal identity, credential and access management architecture, an access control system; TouchSecure door readers that provide various features to support security standards; and global services to support system design, deployment, and managed services across customers premises security lifecycle. Its Identity segment provides smart card readers, which include various contact, contactless, portable, and mobile smart card readers, as well as tokens and terminals to enable logical access, and security and identification applications, such as national ID, payment, e-health, and e-government. Its Credentials segment provides NFC and radio frequency identification products, including inlays and inlay-based, and other cards; labels, tags, and stickers, as well as other radio frequency and integrated circuits components for use in various applications, such as virtual reality, games, loyalty cards, mobile payment systems, transit and event ticketing, and brand authenticity from pharmaceuticals to consumer goods, hospital resource management, cold-chain management, and others; and access cards. Identiv, Inc. markets and sells its products through original equipment manufacturers, dealers, systems integrators, value added resellers, resellers, and Internet, as well as directly to end users. The company was formerly known as Identive Group, Inc. and changed its name to Identiv, Inc. in May 2014. Identiv, Inc. was founded in 1990 and is headquartered in Fremont, California.

Details
Name: Identiv, Inc.
INVN
Exchange: DB
Founded: 1990
$74,431,973
16,514,910
Website: http://www.identiv.com
Address: Identiv, Inc.
2201 Walnut Avenue,
Suite 100,
Fremont,
California, 94538,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqCM INVE Common Shares Nasdaq Capital Market US USD 07. Oct 1997
DB INVN Common Shares Deutsche Boerse AG DE EUR 07. Oct 1997
DB INVN COM USD0.01(POST REV SPLIT) Deutsche Boerse AG DE EUR 27. May 2014
Number of employees
Current staff
Staff numbers
273
Identiv employees.
Industry
Electronic Equipment and Instruments
Tech
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/25 20:38
End of day share price update: 2019/04/25 00:00
Last estimates confirmation: 2019/04/15
Last earnings filing: 2019/03/15
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.