NasdaqGS:CEVA

Stock Analysis Report

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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

Earnings are forecast to grow 169.46% per year

Became profitable this year

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

CEVAIndustryMarket
7 Day5.9%1.1%-1.0%
30 Day35.2%6.8%2.3%
90 Day22.5%18.9%13.1%
1 Year84.2%84.2%53.9%51.3%22.3%19.6%
3 Year11.3%11.3%103.5%92.9%45.3%35.7%
5 Year137.8%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

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

NamePositionTenureCompensationOwnership
Gideon Wertheizer
CEO & Director15.67yrsUS$2.28m0.29%
$ 3.5m
Yaniv Arieli
CFO & Treasurer15.67yrsUS$870.91k0.18%
$ 2.2m
Michael Boukaya
Chief Operating Officer1.75yrsUS$704.08k0.076%
$ 915.4k
Issachar Ohana
Executive Vice President of Worldwide Sales14.5yrsUS$855.63k0.099%
$ 1.2m
Erez Bar-Niv
Chief Technology Officer17yrsno datano data
Richard Kingston
Vice President of Market Intelligence5.83yrsno datano data
Moshe Sheier
Vice President of Marketing2.58yrsno datano data
Dana Maor-Megiddo
Vice President of People1yrno datano data
Jeff VanWashenova
Director of Automotive Market Segmentno datano datano data
Franz Dugand
Director of Sales & Marketing for Connectivity Business Unitno datano datano data
Emmanuel Gresset
Business Development Director of CEVA Wireless Business Unitno datano datano 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

NamePositionTenureCompensationOwnership
Gideon Wertheizer
CEO & Director15.67yrsUS$2.28m0.29%
$ 3.5m
Sven-Christer Nilsson
Independent Director18.17yrsUS$161.82k0.099%
$ 1.2m
Eliyahu Ayalon-Lanciano
Independent Director21.17yrsUS$140.21k0.053%
$ 633.2k
Peter McManamon
Independent Chairman15.67yrsUS$170.33k1.3%
$ 15.6m
Zvika Limon
Independent Director21.17yrsUS$155.74k0.082%
$ 983.8k
Louis Silver
Independent Director18.75yrsUS$161.82k0.10%
$ 1.3m
Bruce Mann
Lead Independent Directorno dataUS$156.29k0.030%
$ 358.9k
Maria Marced
Independent Non-Executive Director4.08yrsUS$198.49k0.021%
$ 247.7k
Bernadette Andrietti
Independent Director1.25yrsUS$16.72kno 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

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. 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 Analysis2021/01/18 00:15
End of Day Share Price2021/01/15 00:00
Earnings2020/09/30
Annual Earnings2019/12/31


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.