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CEVA

CEVANasdaqGS:CEVA Stock Report

Last Price

US$37.64

Market Cap

US$864.7m

7D

-8.9%

1Y

-42.9%

Updated

19 Jan, 2022

Data

Company Financials +
CEVA fundamental analysis
Snowflake Score
Valuation1/6
Future Growth3/6
Past Performance0/6
Financial Health6/6
Dividends0/6

CEVA Stock Overview

CEVA, Inc. operates as a licensor of wireless connectivity and smart sensing platforms to semiconductor and original equipment manufacturer (OEM) companies worldwide.

CEVA Competitors

NVIDIA

NasdaqGS:NVDA

US$626.7b

Synopsys

NasdaqGS:SNPS

US$47.9b

Cadence Design Systems

NasdaqGS:CDNS

US$42.4b

Keysight Technologies

NYSE:KEYS

US$33.0b

Price History & Performance

Summary of all time highs, changes and price drops for CEVA
Historical stock prices
Current Share PriceUS$37.64
52 Week HighUS$83.95
52 Week LowUS$37.23
Beta1.02
1 Month Change-10.74%
3 Month Change-13.91%
1 Year Change-42.89%
3 Year Change46.46%
5 Year Change3.55%
Change since IPO614.23%

Recent News & Updates

Dec 28
Returns On Capital Signal Tricky Times Ahead For CEVA (NASDAQ:CEVA)

Returns On Capital Signal Tricky Times Ahead For CEVA (NASDAQ:CEVA)

What trends should we look for it we want to identify stocks that can multiply in value over the long term? One common...

Shareholder Returns

CEVAUS SemiconductorUS Market
7D-8.9%-8.1%-4.6%
1Y-42.9%22.2%7.7%

Return vs Industry: CEVA underperformed the US Semiconductor industry which returned 26.2% over the past year.

Return vs Market: CEVA underperformed the US Market which returned 10.2% over the past year.

Price Volatility

Is CEVA's price volatile compared to industry and market?
CEVA volatility
CEVA Average Weekly Movement6.6%
Semiconductor Industry Average Movement7.7%
Market Average Movement6.6%
10% most volatile stocks in US Market15.7%
10% least volatile stocks in US Market2.4%

Stable Share Price: CEVA is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 7% a week.

Volatility Over Time: CEVA's weekly volatility (7%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1999404Gideon Wertheizerhttps://www.ceva-dsp.com

CEVA, Inc. operates as a licensor of wireless connectivity and smart sensing platforms to semiconductor and original equipment manufacturer (OEM) companies worldwide. It designs and licenses various digital signal processors, AI processors, wireless platforms, and complementary software for sensor fusion, image enhancement, computer vision, voice input, and artificial intelligence (AI). The company licenses a family of signal processing intellectual properties (IPs), including DSP-based platforms for 5G baseband processing in mobile and infrastructure; imaging and computer vision for any camera-enabled devices; audio/voice/speech and ultra-low power applications for multiple IoT markets; sensor fusion software and inertial measurement unit solutions for AR/VR, robotics, remote controls, and IoT; AI processors capable of handling the gamut of neural network workload and on-device; IPs for Bluetooth, Wi-Fi 4/5/6, and NB-IoT.

CEVA Fundamentals Summary

How do CEVA's earnings and revenue compare to its market cap?
CEVA fundamental statistics
Market CapUS$864.74m
Earnings (TTM)-US$2.85m
Revenue (TTM)US$116.79m

7.4x

P/S Ratio

-303.7x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
CEVA income statement (TTM)
RevenueUS$116.79m
Cost of RevenueUS$13.39m
Gross ProfitUS$103.40m
ExpensesUS$106.25m
Earnings-US$2.85m

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

Feb 15, 2022

Earnings per share (EPS)-0.12
Gross Margin88.53%
Net Profit Margin-2.44%
Debt/Equity Ratio0%

How did CEVA perform over the long term?

See historical performance and comparison

Valuation

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

3.21x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: CEVA ($37.64) is trading above our estimate of fair value ($18.19)

Significantly Below Fair Value: CEVA is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: CEVA is unprofitable, so we can't compare its PE Ratio to the US Semiconductor industry average.

PE vs Market: CEVA 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 CEVA's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: CEVA is good value based on its PB Ratio (3.2x) compared to the US Semiconductor industry average (4.4x).


Future Growth

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

123.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: CEVA is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2%).

Earnings vs Market: CEVA is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: CEVA's is expected to become profitable in the next 3 years.

Revenue vs Market: CEVA's revenue (8.7% per year) is forecast to grow slower than the US market (9.2% per year).

High Growth Revenue: CEVA's revenue (8.7% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

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


Past Performance

How has CEVA performed over the past 5 years?

-70.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: CEVA is currently unprofitable.

Growing Profit Margin: CEVA is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: CEVA is unprofitable, and losses have increased over the past 5 years at a rate of 70.4% per year.

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

Earnings vs Industry: CEVA is unprofitable, making it difficult to compare its past year earnings growth to the Semiconductor industry (80.5%).


Return on Equity

High ROE: CEVA has a negative Return on Equity (-1.06%), as it is currently unprofitable.


Financial Health

How is CEVA's financial position?


Financial Position Analysis

Short Term Liabilities: CEVA's short term assets ($180.2M) exceed its short term liabilities ($30.6M).

Long Term Liabilities: CEVA's short term assets ($180.2M) exceed its long term liabilities ($17.3M).


Debt to Equity History and Analysis

Debt Level: CEVA is debt free.

Reducing Debt: CEVA has not had any debt for past 5 years.

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

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


Balance Sheet


Dividend

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


Dividend Yield vs Market

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

High Dividend: Unable to evaluate CEVA's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if CEVA's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if CEVA'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 CEVA'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?

6.8yrs

Average management tenure


CEO

Gideon Wertheizer (65 yo)

16.67yrs

Tenure

US$3,046,985

Compensation

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


CEO Compensation Analysis

Compensation vs Market: Gideon's total compensation ($USD3.05M) is about average for companies of similar size in the US market ($USD2.39M).

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


Leadership Team

Experienced Management: CEVA's management team is seasoned and experienced (6.8 years average tenure).


Board Members

Experienced Board: CEVA's board of directors are seasoned and experienced ( 18.8 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: CEVA insiders have only sold shares 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 3.3%.


Top Shareholders

Company Information

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


Key Information

  • Name: CEVA, Inc.
  • Ticker: CEVA
  • Exchange: NasdaqGS
  • Founded: 1999
  • Industry: Semiconductors
  • Sector: Semiconductors
  • Implied Market Cap: US$864.736m
  • Shares outstanding: 22.97m
  • Website: https://www.ceva-dsp.com

Number of Employees


Location

  • CEVA, Inc.
  • 15245 Shady Grove Road
  • Suite 400
  • Rockville
  • Maryland
  • 20850
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/01/19 23:41
End of Day Share Price2022/01/19 00:00
Earnings2021/09/30
Annual Earnings2020/12/31


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.