NasdaqGS:CEVA

Stock Analysis Report

Executive Summary

CEVA, Inc. licenses signal processing platforms and artificial intelligence processors for semiconductor companies and original equipment manufacturers (OEMs) serving the mobile, consumer, automotive, industrial, and Internet-of-Things (IoT) markets worldwide.

Snowflake

Fundamentals

Flawless balance sheet with reasonable growth potential.

Risks

  • CEVA has significant price volatility in the past 3 months.

Similar Companies

Share Price & News

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


Latest Share Price and Events


Market Performance


7 Day Return

5.2%

NasdaqGS:CEVA

2.0%

US Semiconductor

1.2%

US Market


1 Year Return

15.2%

NasdaqGS:CEVA

10.9%

US Semiconductor

1.7%

US Market

CEVA outperformed the Semiconductor industry which returned 10.9% over the past year.

CEVA outperformed the Market in United States of America which returned 1.7% over the past year.


Share holder returns

CEVAIndustryMarket
7 Day5.2%2.0%1.2%
30 Day3.0%10.8%4.9%
90 Day41.8%17.2%3.7%
1 Year15.2%15.2%13.0%10.9%3.9%1.7%
3 Year3.4%3.4%83.8%73.0%47.2%37.7%
5 Year129.8%129.8%122.5%100.0%60.0%42.4%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

694x

Price to Earnings (PE) ratio


Intrinsic Value Based on Future Cash Flows

CEVA's share price is above the future cash flow value, it's not available at a moderate discount (< 20%).

CEVA's share price is above the future cash flow value, it's not available at a substantial discount (< 40%).


Price Based on Earnings

CEVA is overvalued based on earnings compared to the US Semiconductor industry average.

CEVA is overvalued based on earnings compared to the United States of America market.


Price Based on Expected Growth

CEVA is poor value based on expected growth next year.


Price Based on Value of Assets

CEVA is overvalued based on assets compared to the US Semiconductor industry average.


Next Steps

Future Growth

How is CEVA expected to perform in the next 1 to 3 years based on estimates from 6 analysts?

114.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

CEVA's revenue is expected to grow by 11.9% yearly, however this is not considered high growth (20% yearly).

CEVA's earnings are expected to grow significantly at over 20% yearly.

CEVA's revenue growth is expected to exceed the United States of America market average.

CEVA's earnings growth is expected to exceed the United States of America market average.

CEVA's earnings growth is expected to exceed the low risk savings rate of 2.7%.


Earnings per Share Growth Estimates


Future Return on Equity

CEVA is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).


Next Steps

Past Performance

How has CEVA performed over the past 5 years?

11.3%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

CEVA's year on year earnings growth rate has been positive over the past 5 years, however the most recent earnings are below average.

CEVA's 1-year earnings growth is negative, it can't be compared to the 5-year average.

CEVA's 1-year earnings growth is negative, it can't be compared to the US Semiconductor industry average.


Return on Equity

CEVA has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

It is difficult to establish if CEVA has efficiently used its assets last year compared to the US Semiconductor industry average (Return on Assets) as it is loss-making.


Return on Capital Employed

It is difficult to establish if CEVA improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.


Next Steps

Financial Health

How is CEVA's financial position?


Financial Position Analysis

CEVA is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.

CEVA's cash and other short term assets cover its long term commitments.


Debt to Equity History and Analysis

CEVA has no debt.

CEVA has not taken on any debt in the past 5 years.

CEVA has no debt, it does not need to be covered by operating cash flow.

CEVA has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet

Low level of unsold assets.

CEVA has no debt, it does not need to be covered by short term assets.


Next Steps

Dividend

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


Dividend Yield and Payments Analysis

Unable to evaluate CEVA's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.

Unable to evaluate CEVA's dividend against the top 25% market benchmark as the company has not reported any payouts.

Unable to perform a dividend volatility check as CEVA has not reported any payouts.

Unable to verify if CEVA's dividend has been increasing as the company has not reported any payouts.


Current Payout to Shareholders

Unable to calculate sustainability of dividends as CEVA 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.


Next Steps

Management

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

13.2yrs

Average management tenure


CEO

Gideon Wertheizer (63yo)

14.3yrs

Tenure

US$1,550,738

Compensation

Mr. Gideon Wertheizer has been the Chief Executive Officer of CEVA Inc. since May 9, 2005. Mr. Wertheizer has over 30 years of experience in the semiconductor and Silicon Intellectual Property (SIP) indust ...


CEO Compensation Analysis

Gideon's remuneration is lower than average for companies of similar size in United States of America.

Gideon's compensation has been consistent with company performance over the past year, both up more than 20%.


Management Age and Tenure

13.2yrs

Average Tenure

53yo

Average Age

The average tenure for the CEVA management team is over 5 years, this suggests they are a seasoned and experienced team.


Board Age and Tenure

16.8yrs

Average Tenure

67.5yo

Average Age

The average tenure for the CEVA board of directors is over 10 years, this suggests they are a seasoned and experienced board.


Insider Trading

CEVA individual insiders have only sold shares in the past 3 months.


Recent Insider Transactions

SellUS$66,19220 Aug 19
Maria Marced
EntityIndividual
Role
Member of the Board of Directors
Independent Non-Executive Director
Shares2,064
Max PriceUS$32.07
SellUS$13,33213 Aug 19
Michael Boukaya
EntityIndividual
Role
Chief Operating Officer
Chief Operating Officer
Shares439
Max PriceUS$30.37
SellUS$186,76015 Mar 19
Issachar Ohana
EntityIndividual
Role
Head of Sales
Executive Vice President of Worldwide Sales
Shares6,670
Max PriceUS$28.00

Ownership Breakdown


Management Team

  • Gideon Wertheizer (63yo)

    CEO & Director

    • Tenure: 14.3yrs
    • Compensation: US$1.55m
  • Yaniv Arieli (51yo)

    CFO & Treasurer

    • Tenure: 14.3yrs
    • Compensation: US$662.86k
  • Issachar Ohana (53yo)

    Executive Vice President of Worldwide Sales

    • Tenure: 13.2yrs
    • Compensation: US$779.04k
  • Richard Kingston

    Vice President of Market Intelligence

    • Tenure: 4.5yrs
  • Emmanuel Gresset

    Business Development Director of CEVA Wireless Business Unit

    • Tenure: 0yrs
  • Erez Bar-Niv

    Chief Technology Officer

    • Tenure: 15.7yrs
  • Franz Dugand

    Director of Sales & Marketing for Connectivity Business Unit

    • Tenure: 0yrs
  • Michael Boukaya

    Chief Operating Officer

    • Tenure: 0.4yrs
  • Moshe Sheier

    Vice President of Marketing

    • Tenure: 1.3yrs
  • Jeff VanWashenova

    Director of Automotive Market Segment

    • Tenure: 0yrs

Board Members

  • Sven-Christer Nilsson (74yo)

    Independent Director

    • Tenure: 16.8yrs
    • Compensation: US$273.30k
  • Eli Ayalon-Lanciano (76yo)

    Director

    • Tenure: 19.8yrs
    • Compensation: US$163.27k
  • Gideon Wertheizer (63yo)

    CEO & Director

    • Tenure: 14.3yrs
    • Compensation: US$1.55m
  • Peter McManamon (70yo)

    Chairman

    • Tenure: 14.3yrs
    • Compensation: US$292.08k
  • Zvi Limon (61yo)

    Independent Director

    • Tenure: 19.8yrs
    • Compensation: US$179.59k
  • Lou Silver (65yo)

    Independent Director

    • Tenure: 17.4yrs
    • Compensation: US$274.13k
  • Bruce Mann (84yo)

    Lead Independent Director

    • Tenure: 0yrs
    • Compensation: US$260.32k
  • Maria Marced (65yo)

    Independent Non-Executive Director

    • Tenure: 2.8yrs
    • Compensation: US$271.02k

Company Information

CEVA, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: CEVA, Inc.
  • Ticker: CEVA
  • Exchange: NasdaqGS
  • Founded: 1999
  • Industry: Semiconductors
  • Sector: Semiconductors
  • Market Cap: US$720.890m
  • Shares outstanding: 21.96m
  • Website: https://www.ceva-dsp.com

Number of Employees


Location

  • CEVA, Inc.
  • 1174 Castro Street
  • Suite 210
  • Mountain View
  • California
  • 94040
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
CEVANasdaqGS (Nasdaq Global Select)YesCommon StockUSUSDMay 2000
0Q19LSE (London Stock Exchange)YesCommon StockGBUSDMay 2000
PVJADB (Deutsche Boerse AG)YesCommon StockDEEURMay 2000

Biography

CEVA, Inc. licenses signal processing platforms and artificial intelligence processors for semiconductor companies and original equipment manufacturers (OEMs) serving the mobile, consumer, automotive, indu ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/09/15 23:52
End of Day Share Price2019/09/13 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.