CyberOptics (NasdaqGM:CYBE) - Share price, News & Analysis

CYBE fundamental analysis
Snowflake Score
Valuation	2/6
Future Growth	1/6
Past Performance	5/6
Financial Health	6/6
Dividends	0/6

CYBE Stock Overview

CyberOptics Corporation designs, develops, manufactures, and markets high precision sensing technology solutions and system products for inspection and metrology worldwide.

Rewards

Price-To-Earnings ratio (17.4x) is below the Semiconductor industry average (17.8x)

Earnings are forecast to grow 12.26% per year

Earnings grew by 135.1% over the past year

Risk Analysis

No risks detected for CYBE from our risk checks.

CyberOptics Competitors

Price History & Performance

Summary of all time highs, changes and price drops for CyberOptics
Historical stock prices
Current Share Price	US$35.12
52 Week High	US$49.95
52 Week Low	US$32.32
Beta	1.53
1 Month Change	-14.76%
3 Month Change	-7.31%
1 Year Change	-13.31%
3 Year Change	116.39%
5 Year Change	70.07%
Change since IPO	857.82%

Recent News & Updates

Jun 01

CyberOptics: Semiconductor Industry Cyclical With Potential Breakout

This company is a cyclical stalwart, with a very predictable historical chart. However, recent performance has exited the historical range. Does this breakout signal a new phase of linear growth, or just a larger cycle than historically? I find that the data may suggest that the company may be entering a new linear trend thanks to strong performance of the customer base.

May 25

Here's Why We Think CyberOptics (NASDAQ:CYBE) Is Well Worth Watching

It's only natural that many investors, especially those who are new to the game, prefer to buy shares in 'sexy' stocks...

May 11

CyberOptics (NASDAQ:CYBE) Is Experiencing Growth In Returns On Capital

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

	CYBE	US Semiconductor	US Market
7D	-5.0%	1.9%	4.0%
1Y	-13.3%	-17.4%	-20.5%

Return vs Industry: CYBE exceeded the US Semiconductor industry which returned -17.4% over the past year.

Return vs Market: CYBE exceeded the US Market which returned -20.5% over the past year.

Price Volatility

Is CYBE's price volatile compared to industry and market?
CYBE volatility
CYBE Average Weekly Movement	8.6%
Semiconductor Industry Average Movement	8.4%
Market Average Movement	7.9%
10% most volatile stocks in US Market	16.5%
10% least volatile stocks in US Market	3.1%

Stable Share Price: CYBE is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 9% a week.

Volatility Over Time: CYBE's weekly volatility (9%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1984	189	Subodh Kulkarni	https://www.cyberoptics.com

CyberOptics Corporation designs, develops, manufactures, and markets high precision sensing technology solutions and system products for inspection and metrology worldwide. It offers products based on multi-reflection suppression (MRS) technology, including multi-function systems for inspection and metrology; MX3000 memory module inspection system; 3D NanoResolution MRS sensor and WX3000 inspection and metrology system for semiconductor wafer and advanced packaging inspection and metrology; high precision 3D and 2D sensors; 3D MRS sensors; SMT electronic assembly alignment sensors; and inspection and metrology systems. The company also provides automated optical inspection (AOI) products; SQ3000 multi-function systems; QX Series 2D AOI products; MX products for inspection of memory modules; SPI Products; and semiconductor wafer and advanced packaging products.

CyberOptics Fundamentals Summary

How do CyberOptics's earnings and revenue compare to its market cap?
CYBE fundamental statistics
Market Cap	US$262.83m
Earnings (TTM)	US$14.90m
Revenue (TTM)	US$99.29m

17.4x

P/E Ratio

2.6x

P/S Ratio

Is CYBE overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
CYBE income statement (TTM)
Revenue	US$99.29m
Cost of Revenue	US$52.91m
Gross Profit	US$46.38m
Other Expenses	US$31.48m
Earnings	US$14.90m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)	2.01
Gross Margin	46.71%
Net Profit Margin	15.01%
Debt/Equity Ratio	0%

How did CYBE perform over the long term?

See historical performance and comparison

We’ve recently updated our valuation analysis.

Valuation

Is CYBE undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
PEG Ratio

Key Valuation Metric

Which metric is best to use when looking at relative valuation for CYBE?

Other financial metrics that can be useful for relative valuation.

The above table shows the n/a ratio for CYBE. This is calculated by dividing CYBE's market cap by their current preferred multiple.
What is CYBE's n/a Ratio?
n/a Ratio	0x
n/a	n/a
Market Cap	US$262.83m

CYBE key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue	2.3x
Enterprise Value/EBITDA	12x
PEG Ratio	1.4x

Price to Earnings Ratio vs Peers

How does CYBE's PE Ratio compare to its peers?

CYBE PE Ratio vs Peers

The above table shows the PE ratio for CYBE vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	PE	Estimated Growth	Market Cap
Peer Average	20.7x

Forward PE

Price-To-Earnings vs Peers: CYBE is good value based on its Price-To-Earnings Ratio (17.4x) compared to the peer average (20.7x).

Price to Earnings Ratio vs Industry

How does CYBE's PE Ratio compare vs other companies in the U.S. Semiconductor Industry?

Price-To-Earnings vs Industry: CYBE is good value based on its Price-To-Earnings Ratio (17.4x) compared to the US Semiconductor industry average (17.8x)

Price to Earnings Ratio vs Fair Ratio

What is CYBE's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

CYBE PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	17.4x
Fair PE Ratio	14.4x

Price-To-Earnings vs Fair Ratio: CYBE is expensive based on its Price-To-Earnings Ratio (17.4x) compared to the estimated Fair Price-To-Earnings Ratio (14.4x).

Share Price vs Fair Value

What is the Fair Price of CYBE when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: CYBE ($35.12) is trading above our estimate of fair value ($31.69)

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

Price to Earnings Growth Ratio

PEG Ratio: CYBE is poor value based on its PEG Ratio (1.4x)

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Future Growth

How is CyberOptics forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

Future Growth Score

1/6

Future Growth Score 1/6

Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE

12.3%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings vs Savings Rate: CYBE's forecast earnings growth (12.3% per year) is above the savings rate (1.9%).

Earnings vs Market: CYBE's earnings (12.3% per year) are forecast to grow slower than the US market (13.9% per year).

High Growth Earnings: CYBE's earnings are forecast to grow, but not significantly.

Revenue vs Market: CYBE's revenue (7.8% per year) is forecast to grow slower than the US market (8.3% per year).

High Growth Revenue: CYBE's revenue (7.8% 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 CYBE's Return on Equity is forecast to be high in 3 years time

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Past Performance

How has CyberOptics performed over the past 5 years?

Past Performance Score

5/6

Past Performance Score 5/6

Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE

23.2%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: CYBE has high quality earnings.

Growing Profit Margin: CYBE's current net profit margins (15%) are higher than last year (8.9%).

Past Earnings Growth Analysis

Earnings Trend: CYBE's earnings have grown significantly by 23.2% per year over the past 5 years.

Accelerating Growth: CYBE's earnings growth over the past year (135.1%) exceeds its 5-year average (23.2% per year).

Earnings vs Industry: CYBE earnings growth over the past year (135.1%) exceeded the Semiconductor industry 70.4%.

Return on Equity

High ROE: CYBE's Return on Equity (18%) is considered low.

Discover strong past performing companies

Financial Health

How is CyberOptics's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Debt Coverage
Interest Coverage

Financial Position Analysis

Short Term Liabilities: CYBE's short term assets ($73.7M) exceed its short term liabilities ($17.9M).

Long Term Liabilities: CYBE's short term assets ($73.7M) exceed its long term liabilities ($2.6M).

Debt to Equity History and Analysis

Debt Level: CYBE is debt free.

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

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

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

Balance Sheet

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Dividend

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

Dividend Score

0/6

Dividend Score 0/6

Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Future Dividend Coverage

Dividend Yield vs Market

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

High Dividend: Unable to evaluate CYBE'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 CYBE's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if CYBE's dividend payments have been increasing.

Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.

Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as CYBE has not reported any payouts.

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Management

How experienced are the management team and are they aligned to shareholders interests?

8.3yrs

Average management tenure

CEO

Subodh Kulkarni (56 yo)

8.33yrs

Tenure

US$1,422,279

Compensation

Dr. Subodh K. Kulkarni, Ph.D. has been the Chief Executive Officer and President of CyberOptics Corp. since February 1, 2014. Dr. Kulkarni served as the Chief Technology Officer and Senior Vice President o...

CEO Compensation Analysis

Compensation vs Market: Subodh's total compensation ($USD1.42M) is about average for companies of similar size in the US market ($USD1.73M).

Compensation vs Earnings: Subodh's compensation has been consistent with company performance over the past year.

Leadership Team

Experienced Management: CYBE's management team is seasoned and experienced (8.3 years average tenure).

Board Members

Experienced Board: CYBE's board of directors are considered experienced (4.1 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.

Data	Last Updated (UTC time)
Company Analysis	2022/06/24 00:00
End of Day Share Price	2022/06/24 00:00
Earnings	2022/03/31
Annual Earnings	2021/12/31