NasdaqCM:VUZI

Stock Analysis Report

Executive Summary

Vuzix Corporation designs, manufactures, markets, and sells augmented reality (AR) wearable display and computing devices in North America, the Asia-Pacific, Europe, and internationally.


Snowflake Analysis

Adequate balance sheet and slightly overvalued.


Similar Companies

Share Price & News

How has Vuzix's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: VUZI's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

0%

VUZI

26.6%

US Consumer Durables

12.5%

US Market


1 Year Return

-61.7%

VUZI

-19.9%

US Consumer Durables

-12.7%

US Market

Return vs Industry: VUZI underperformed the US Consumer Durables industry which returned -19.9% over the past year.

Return vs Market: VUZI underperformed the US Market which returned -12.7% over the past year.


Shareholder returns

VUZIIndustryMarket
7 Day0%26.6%12.5%
30 Day-28.9%-29.5%-14.7%
90 Day-43.8%-33.3%-21.5%
1 Year-61.7%-61.7%-18.8%-19.9%-10.9%-12.7%
3 Year-80.8%-80.8%-20.6%-24.3%12.6%5.4%
5 Year-80.7%-80.7%-16.3%-21.9%31.9%17.5%

Price Volatility Vs. Market

How volatile is Vuzix's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Vuzix undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: VUZI ($1.13) is trading below our estimate of fair value ($66.47)

Significantly Below Fair Value: VUZI is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: VUZI is unprofitable, so we can't compare its PE Ratio to the Consumer Durables industry average.

PE vs Market: VUZI is unprofitable, so we can't compare its PE Ratio to the US market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate VUZI's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: VUZI is overvalued based on its PB Ratio (1.5x) compared to the US Consumer Durables industry average (0.8x).


Next Steps

Future Growth

How is Vuzix forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?

71.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: VUZI is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: VUZI is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: VUZI is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: VUZI's revenue (55.7% per year) is forecast to grow faster than the US market (7.3% per year).

High Growth Revenue: VUZI's revenue (55.7% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if VUZI's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Vuzix performed over the past 5 years?

-14.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: VUZI is currently unprofitable.

Growing Profit Margin: VUZI is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: VUZI is unprofitable, and losses have increased over the past 5 years at a rate of -14.1% per year.

Accelerating Growth: Unable to compare VUZI's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: VUZI is unprofitable, making it difficult to compare its past year earnings growth to the Consumer Durables industry (9.8%).


Return on Equity

High ROE: VUZI has a negative Return on Equity (-109.22%), as it is currently unprofitable.


Next Steps

Financial Health

How is Vuzix's financial position?


Financial Position Analysis

Short Term Liabilities: VUZI's short term assets ($19.1M) exceed its short term liabilities ($2.6M).

Long Term Liabilities: VUZI's short term assets ($19.1M) exceed its long term liabilities ($1.6M).


Debt to Equity History and Analysis

Debt Level: VUZI is debt free.

Reducing Debt: VUZI currently has no debt however we can't compare to 5 years ago as we have no data for that period.


Balance Sheet

Inventory Level: VUZI has a high level of physical assets or inventory.

Debt Coverage by Assets: Insufficient data to determine if VUZI's debt is covered by short term assets.


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: VUZI has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: VUZI has less than a year of cash runway if free cash flow continues to reduce at historical rates of -24.4% each year


Next Steps

Dividend

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


Dividend Yield vs Market

Notable Dividend: Unable to evaluate VUZI's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate VUZI'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 VUZI's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if VUZI'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 VUZI's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

4.6yrs

Average management tenure


CEO

Paul Travers (58yo)

23.17s

Tenure

US$731,250

Compensation

Mr. Paul J. Travers and has been President and Chief Executive Officer of Vuzix Corporation since 1997. Mr. Travers is responsible for setting the direction of Vuzix. He was the Founder of Vuzix Corporatio ...


CEO Compensation Analysis

Compensation vs Market: Paul's total compensation ($USD731.25K) is about average for companies of similar size in the US market ($USD605.16K).

Compensation vs Earnings: Paul's compensation has increased whilst the company is unprofitable.


Leadership Team

NamePositionTenureCompensationOwnership
Paul Travers
Founder23.17yrsUS$731.25k7.94% $3.0m
Grant Russell
CFO, Executive VP10.92yrsUS$665.34k3.01% $1.1m
Matt Margolis
Director of Corporate Communications & Investor Relationsno datano datano data
Nathaniel Bank
Corporate Counsel1.17yrsno datano data
Charlotte Walker
Vice President of Corporate Communicationsno datano datano data
Brad Craig
Head of Developer Relations Activities4.58yrsno datano data
Steven Ward
Corporate Secretaryno datano datano data
Alex Kelly
Director of Innovation & Strategic Partnerships2.33yrsno datano data
Ed McGregor
Director of Institutional Investor Relationsno datano datano data

4.6yrs

Average Tenure

58yo

Average Age

Experienced Management: VUZI's management team is considered experienced (4.6 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Paul Travers
Founder23.17yrsUS$731.25k7.94% $3.0m
Grant Russell
CFO, Executive VP10.92yrsUS$665.34k3.01% $1.1m
Timothy Harned
Independent Director2.75yrsUS$207.70k0.20% $73.4k
Alexander Ruckdaeschel
Independent Director7.33yrsUS$187.70k0.27% $101.7k
Edward Kay
Independent Director3.92yrsUS$188.70k0.30% $113.0k

5.6yrs

Average Tenure

60.5yo

Average Age

Experienced Board: VUZI's board of directors are considered experienced (5.6 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: VUZI insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 11.6%.


Top Shareholders

Company Information

Vuzix Corporation's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Vuzix Corporation
  • Ticker: VUZI
  • Exchange: NasdaqCM
  • Founded: 1997
  • Industry: Consumer Electronics
  • Sector: Consumer Durables
  • Market Cap: US$37.435m
  • Shares outstanding: 33.13m
  • Website: https://www.vuzix.com

Number of Employees


Location

  • Vuzix Corporation
  • 25 Hendrix Road
  • Suite A
  • West Henrietta
  • New York
  • 14586
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
VUZINasdaqCM (Nasdaq Capital Market)YesCommon StockUSUSDJan 2010
V7XNDB (Deutsche Boerse AG)YesCommon StockDEEURJan 2010
0LRLLSE (London Stock Exchange)YesCommon StockGBUSDJan 2010
V7XNBRSE (Berne Stock Exchange)YesCommon StockCHCHFJan 2010

Biography

Vuzix Corporation designs, manufactures, markets, and sells augmented reality (AR) wearable display and computing devices in North America, the Asia-Pacific, Europe, and internationally. The company offers its products in the form of smart glasses and AR glasses. Its products include monocular smart glasses for enterprise, industrial, commercial, and medical markets; and blade smart sunglasses for applications ranging from basic text messaging and answering the phone to overlaying mapping directions, menus, weather, events, stock quotes, video conferencing, sports updates, social feeds, bio-metrics, and others. The company is also developing a binocular AR smart glasses product that provides the user a live, direct, or indirect view of a real-world environment. Its AR wearable display devices are worn like eyeglasses or attach to a head worn mount to view, record, and interact with video and digital content, such as computer data, the Internet, social media, and entertainment applications. In addition, the company offers an app store on its Website, which enables users to download and purchase applications, including third party applications; applications that provide the benefits of smart glasses to users; and Vuzix Remote Assist that offers remote telepresence capabilities. Further, it provides waveguide optics and design reference kits; custom and engineering solutions; and defense and security products. Vuzix Corporation offers its products directly to enterprise and end users, as well as through specialty retailers, online retailers, distributors, value-added resellers, and Web stores. The company was formerly known as Icuiti Corporation and changed its name to Vuzix Corporation in 2007. Vuzix Corporation was founded in 1997 and is headquartered in West Henrietta, New York. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/03/30 03:51
End of Day Share Price2020/03/27 00:00
Earnings2019/12/31
Annual Earnings2019/12/31


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.