NasdaqCM:VUZI

Stock Analysis Report

Executive Summary

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

Snowflake

Fundamentals

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


Market Performance


7 Day Return

-5.4%

VUZI

0.5%

US Consumer Durables

1.0%

US Market


1 Year Return

-61.7%

VUZI

34.0%

US Consumer Durables

6.7%

US Market

Return vs Industry: VUZI underperformed the US Consumer Durables industry which returned 34% over the past year.

Return vs Market: VUZI underperformed the US Market which returned 6.7% over the past year.


Share holder returns

VUZIIndustryMarket
7 Day-5.4%0.5%1.0%
30 Day-8.1%0.2%-1.8%
90 Day-9.6%4.5%-1.8%
1 Year-61.7%-61.7%35.8%34.0%9.1%6.7%
3 Year-69.9%-69.9%49.7%45.1%46.1%36.6%
5 Year-22.1%-22.1%39.4%30.7%66.9%48.6%

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 based on future cash flows and its price relative to the stock market?

>50%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

Undervalued: VUZI ($2.26) is trading below our estimate of fair value ($13.86)

Significantly Undervalued: VUZI is trading below fair value by more than 20%.


Price Based on Earnings

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 Based on Expected Growth

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


Price Based on Value of Assets

PB vs Industry: VUZI is overvalued based on its PB Ratio (3.2x) compared to the US Consumer Durables industry average (1.6x).


Next Steps

Future Growth

How is Vuzix expected to perform in the next 1 to 3 years based on estimates from 4 analysts?

54.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

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 (57.5% per year) is forecast to grow faster than the US market (7.3% per year).

High Growth Revenue: VUZI's revenue (57.5% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Estimates


Future Return on Equity

High 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?

-18.8%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: VUZI is unprofitable, and losses have increased over the past 5 years at a rate of -18.8% 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 (13.5%).


Return on Equity

High ROE: VUZI has a negative Return on Equity (-110.04%), as it is currently unprofitable.


Return on Assets

ROA vs Industry: VUZI is currently unprofitable, so its Return on Assets is negative.


Return on Capital Employed

ROCE Improving: VUZI is currently unprofitable, so its Return on Capital Employed is negative.


Next Steps

Financial Health

How is Vuzix's financial position?


Financial Position Analysis

Short Term Liabilities: VUZI's short term assets ($14.4M) exceeds its short term liabilities ($3.1M)

Long Term Liabilities: VUZI's short term assets (14.4M) exceeds its long term liabilities (164.2K)


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: VUZI's debt is not covered by short term assets (assets are -1.2991106003111E+17x 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: 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 -20.2% each year


Next Steps

Dividend

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


Dividend Yield vs Market

companyn/amarketbottom25%1.5%markettop25%3.8%industryaverage2.8%forecastin3Yearsn/a

Current dividend yield vs market & industry


Dividend Yield and Payments Analysis

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.

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

What is the CEO of Vuzix's salary, the management and board of directors tenure and is there insider trading?

3.0yrs

Average management tenure


CEO

Paul Travers (58yo)

22.8yrs

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 ($USD731.25K) is about average for companies of similar size in the US market ($USD495.80K).

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


Management Age and Tenure

3.0yrs

Average Tenure

58yo

Average Age

Experienced Management: VUZI's management team is considered experienced (3 years average tenure).


Board Age and Tenure

5.2yrs

Average Tenure

60.5yo

Average Age

Experienced Board: VUZI's board of directors are considered experienced (5.2 years average tenure).


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

BuyUS$9,43111 Jun 19
Paul Travers
EntityIndividual
Role
Chief Executive Officer
Founder
Shares3,400
Max PriceUS$2.77
BuyUS$20,17411 Jun 19
Edward Kay
EntityIndividual
Role
Member of the Board of Directors
Director
Shares10,000
Max PriceUS$2.02
BuyUS$9,68110 Jun 19
Paul Travers
EntityIndividual
Role
Chief Executive Officer
Founder
Shares5,000
Max PriceUS$1.94
BuyUS$7,63707 Jun 19
Timothy Harned
EntityIndividual
Role
Member of the Board of Directors
Director
Shares4,000
Max PriceUS$1.91
BuyUS$23,11006 Jun 19
Grant Russell
EntityIndividual
Role
Member of the Board of Directors
CFO, Executive VP
Shares12,000
Max PriceUS$1.94
BuyUS$11,94105 Jun 19
Paul Travers
EntityIndividual
Role
Chief Executive Officer
Founder
Shares6,000
Max PriceUS$1.99
BuyUS$9,75104 Jun 19
Paul Travers
EntityIndividual
Role
Chief Executive Officer
Founder
Shares5,000
Max PriceUS$1.95
BuyUS$23,95903 Jan 19
Edward Kay
EntityIndividual
Role
Member of the Board of Directors
Director
Shares5,000
Max PriceUS$4.79
BuyUS$4,53326 Dec 18
Timothy Harned
EntityIndividual
Role
Member of the Board of Directors
Director
Shares1,000
Max PriceUS$4.53
BuyUS$19,46320 Dec 18
Paul Travers
EntityIndividual
Role
Chief Executive Officer
Founder
Shares3,700
Max PriceUS$5.26
BuyUS$8,89614 Nov 18
Timothy Harned
EntityIndividual
Role
Member of the Board of Directors
Director
Shares1,500
Max PriceUS$5.93

Ownership Breakdown


Management Team

  • Paul Travers (58yo)

    Founder

    • Tenure: 22.8yrs
    • Compensation: US$731.25k
  • Charlotte Walker

    Vice President of Corporate Communications

    • Tenure: 0yrs
  • Grant Russell (66yo)

    CFO, Executive VP

    • Tenure: 10.5yrs
    • Compensation: US$665.34k
  • Steven Ward (58yo)

    Corporate Secretary

    • Tenure: 0yrs
  • Brad Craig

    Head of Developer Relations Activities

    • Tenure: 4.2yrs
  • Matt Margolis

    Director of Corporate Communications & Investor Relations

    • Tenure: 0yrs
  • Alex Kelly

    Director of Innovation & Strategic Partnerships

    • Tenure: 1.9yrs
  • Zach Stone

    Vice President of Operations

    • Tenure: 1.3yrs
  • Ed McGregor

    Director of Institutional Investor Relations

    • Tenure: 0yrs
  • Nate Bank

    Corporate Counsel

    • Tenure: 0.8yrs

Board Members

  • Tim Harned

    Director

    • Tenure: 2.3yrs
    • Compensation: US$207.70k
  • Paul Travers (58yo)

    Founder

    • Tenure: 22.8yrs
    • Compensation: US$731.25k
  • Grant Russell (66yo)

    CFO, Executive VP

    • Tenure: 10.5yrs
    • Compensation: US$665.34k
  • Alex Ruckdaeschel (47yo)

    Director

    • Tenure: 6.9yrs
    • Compensation: US$187.70k
  • Ed Kay (63yo)

    Director

    • Tenure: 3.5yrs
    • Compensation: US$188.70k

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$74.769m
  • Shares outstanding: 33.08m
  • 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

Biography

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


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/14 02:38
End of Day Share Price2019/10/11 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.

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