Market Cap
US$1.2b
Last Updated
2021/01/18 00:15 UTC
Data Sources
Company Financials +
Executive Summary
CEVA, Inc. operates as a licensor of wireless connectivity and smart sensing platforms to semiconductor and original equipment manufacturer (OEM) companies worldwide. More Details
Rewards
Risk Analysis
No risks detected for CEVA from our risk checks.
Snowflake Analysis
Flawless balance sheet with moderate growth potential.
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
Stable Share Price: CEVA is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 6% a week.
Volatility Over Time: CEVA's weekly volatility (6%) has been stable over the past year.
Market Performance
7 Day Return
5.9%
CEVA
1.1%
US Semiconductor
-1.0%
US Market
1 Year Return
84.2%
CEVA
51.3%
US Semiconductor
19.6%
US Market
Return vs Industry: CEVA exceeded the US Semiconductor industry which returned 51.3% over the past year.
Return vs Market: CEVA exceeded the US Market which returned 19.6% over the past year.
Shareholder returns
| CEVA | Industry | Market | |
|---|---|---|---|
| 7 Day | 5.9% | 1.1% | -1.0% |
| 30 Day | 35.2% | 6.8% | 2.3% |
| 90 Day | 22.5% | 18.9% | 13.1% |
| 1 Year | 84.2%84.2% | 53.9%51.3% | 22.3%19.6% |
| 3 Year | 11.3%11.3% | 103.5%92.9% | 45.3%35.7% |
| 5 Year | 137.8%137.8% | 356.2%312.1% | 124.8%99.8% |
Long-Term 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
1 week ago | Simply Wall St
Are Institutions Heavily Invested In CEVA, Inc.'s (NASDAQ:CEVA) Shares?1 month ago | Simply Wall St
Our Take On The Returns On Capital At CEVA (NASDAQ:CEVA)2 months ago | Simply Wall St
Can You Imagine How CEVA's (NASDAQ:CEVA) Shareholders Feel About The 67% Share Price Increase?Valuation
Is CEVA undervalued compared to its fair value and its price relative to the market?
24749.89x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: CEVA ($53.93) is trading above our estimate of fair value ($26.55)
Significantly Below Fair Value: CEVA is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: CEVA is poor value based on its PE Ratio (24749.9x) compared to the US Semiconductor industry average (45.7x).
PE vs Market: CEVA is poor value based on its PE Ratio (24749.9x) compared to the US market (21x).
Price to Earnings Growth Ratio
PEG Ratio: CEVA is poor value based on its PEG Ratio (146.1x)
Price to Book Ratio
PB vs Industry: CEVA is overvalued based on its PB Ratio (4.7x) compared to the US Semiconductor industry average (4.4x).
Next Steps
Future Growth
How is CEVA forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?
169.5%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: CEVA's forecast earnings growth (169.5% per year) is above the savings rate (2%).
Earnings vs Market: CEVA's earnings (169.5% per year) are forecast to grow faster than the US market (21.5% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: CEVA's revenue (8% per year) is forecast to grow slower than the US market (10.3% per year).
High Growth Revenue: CEVA's revenue (8% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: CEVA's Return on Equity is forecast to be low in 3 years time (4.9%).
Next Steps
Past Performance
How has CEVA performed over the past 5 years?
-36.3%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: CEVA has high quality earnings.
Growing Profit Margin: CEVA became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: CEVA's earnings have declined by 36.3% per year over the past 5 years.
Accelerating Growth: CEVA has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: CEVA has become profitable in the last year, making it difficult to compare its past year earnings growth to the Semiconductor industry (20.8%).
Return on Equity
High ROE: CEVA's Return on Equity (0.02%) is considered low.
Next Steps
Financial Health
How is CEVA's financial position?
Financial Position Analysis
Short Term Liabilities: CEVA's short term assets ($177.6M) exceed its short term liabilities ($25.9M).
Long Term Liabilities: CEVA's short term assets ($177.6M) exceed its long term liabilities ($19.1M).
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
Next Steps
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?
10.2yrs
Average management tenure
CEO
Gideon Wertheizer (64 yo)
15.67yrs
Tenure
US$2,280,228
Compensation
Mr. Gideon Wertheizer has been the Chief Executive Officer of CEVA Inc. since May 9, 2005. Mr. Wertheizer has over 30 years of experience in the semiconductor and Silicon Intellectual Property (SIP) indust...
CEO Compensation Analysis
Compensation vs Market: Gideon's total compensation ($USD2.28M) is about average for companies of similar size in the US market ($USD2.41M).
Compensation vs Earnings: Gideon's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Director | 15.67yrs | US$2.28m | 0.29% $ 3.5m | |
| CFO & Treasurer | 15.67yrs | US$870.91k | 0.18% $ 2.2m | |
| Chief Operating Officer | 1.75yrs | US$704.08k | 0.076% $ 915.4k | |
| Executive Vice President of Worldwide Sales | 14.5yrs | US$855.63k | 0.099% $ 1.2m | |
| Chief Technology Officer | 17yrs | no data | no data | |
| Vice President of Market Intelligence | 5.83yrs | no data | no data | |
| Vice President of Marketing | 2.58yrs | no data | no data | |
| Vice President of People | 1yr | no data | no data | |
| Director of Automotive Market Segment | no data | no data | no data | |
| Director of Sales & Marketing for Connectivity Business Unit | no data | no data | no data | |
| Business Development Director of CEVA Wireless Business Unit | no data | no data | no data |
10.2yrs
Average Tenure
53yo
Average Age
Experienced Management: CEVA's management team is seasoned and experienced (10.2 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Director | 15.67yrs | US$2.28m | 0.29% $ 3.5m | |
| Independent Director | 18.17yrs | US$161.82k | 0.099% $ 1.2m | |
| Independent Director | 21.17yrs | US$140.21k | 0.053% $ 633.2k | |
| Independent Chairman | 15.67yrs | US$170.33k | 1.3% $ 15.6m | |
| Independent Director | 21.17yrs | US$155.74k | 0.082% $ 983.8k | |
| Independent Director | 18.75yrs | US$161.82k | 0.10% $ 1.3m | |
| Lead Independent Director | no data | US$156.29k | 0.030% $ 358.9k | |
| Independent Non-Executive Director | 4.08yrs | US$198.49k | 0.021% $ 247.7k | |
| Independent Director | 1.25yrs | US$16.72k | no data |
16.9yrs
Average Tenure
66yo
Average Age
Experienced Board: CEVA's board of directors are seasoned and experienced ( 16.9 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
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$1.200b
- Shares outstanding: 22.25m
- Website: https://www.ceva-dsp.com
Number of Employees
Location
- CEVA, Inc.
- 1174 Castro Street
- Suite 210
- Mountain View
- California
- 94040
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| CEVA | NasdaqGS (Nasdaq Global Select) | Yes | Common Stock | US | USD | May 2000 |
| 0Q19 | LSE (London Stock Exchange) | Yes | Common Stock | GB | USD | May 2000 |
| PVJA | DB (Deutsche Boerse AG) | Yes | Common Stock | DE | EUR | May 2000 |
Biography
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 digita...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/01/18 00:15 |
| End of Day Share Price | 2021/01/15 00:00 |
| Earnings | 2020/09/30 |
| Annual Earnings | 2019/12/31 |
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.