NasdaqGS:CEVA

Stock Analysis Report

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Market Cap

US$1.0b

Last Updated

2021/06/15 07:59 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


Snowflake Analysis

Flawless balance sheet with reasonable 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 +/- 8% a week.

Volatility Over Time: CEVA's weekly volatility (8%) has been stable over the past year.


Market Performance


7 Day Return

3.3%

CEVA

1.4%

US Semiconductor

0.8%

US Market


1 Year Return

32.6%

CEVA

61.1%

US Semiconductor

43.1%

US Market

Return vs Industry: CEVA underperformed the US Semiconductor industry which returned 61.1% over the past year.

Return vs Market: CEVA underperformed the US Market which returned 43.1% over the past year.


Shareholder returns

CEVAIndustryMarket
7 Day3.3%1.4%0.8%
30 Day6.9%10.8%3.0%
90 Day-23.8%6.6%4.8%
1 Year32.6%32.6%63.4%61.1%45.5%43.1%
3 Year43.6%43.6%109.5%98.9%60.2%50.3%
5 Year69.0%69.0%326.0%286.1%126.4%101.0%

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

Valuation

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

3.98x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: CEVA ($45.67) is trading above our estimate of fair value ($14.99)

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 (4x) compared to the US Semiconductor industry average (4.8x).


Future Growth

How is CEVA forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?

112.3%

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 (13.2% per year) is forecast to grow faster than the US market (9.3% per year).

High Growth Revenue: CEVA's revenue (13.2% 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 (2.4%).


Past Performance

How has CEVA performed over the past 5 years?

-56.5%

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 56.5% 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 (48.9%).


Return on Equity

High ROE: CEVA has a negative Return on Equity (-1.84%), as it is currently unprofitable.


Financial Health

How is CEVA's financial position?


Financial Position Analysis

Short Term Liabilities: CEVA's short term assets ($178.7M) exceed its short term liabilities ($36.9M).

Long Term Liabilities: CEVA's short term assets ($178.7M) exceed its long term liabilities ($17.0M).


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?

10.6yrs

Average management tenure


CEO

Gideon Wertheizer (64 yo)

16.08yrs

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 (10.6 years average tenure).


Board Members

Experienced Board: CEVA's board of directors are seasoned and experienced ( 16.1 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 3.7%.


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$1.042b
  • Shares outstanding: 22.81m
  • Website: https://www.ceva-dsp.com

Number of Employees


Location

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

Listings


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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/06/15 07:59
End of Day Share Price2021/06/14 00:00
Earnings2021/03/31
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.