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Adesto Technologies

Nasdaq:IOTS
Snowflake Description

Imperfect balance sheet with limited growth.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
IOTS
Nasdaq
$161M
Market Cap
  1. Home
  2. US
  3. Semiconductors
Company description

Adesto Technologies Corporation, together with its subsidiaries, provides application-specific semiconductors for the Internet of Things (IoT) era. The last earnings update was 97 days ago. More info.


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IOTS Share Price and Events
7 Day Returns
3.8%
NasdaqCM:IOTS
1.9%
US Semiconductor
0.5%
US Market
1 Year Returns
-17%
NasdaqCM:IOTS
-1.1%
US Semiconductor
2%
US Market
IOTS Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Adesto Technologies (IOTS) 3.8% 7.5% 6.8% -17% 3.4% -
US Semiconductor 1.9% 8.1% 7.7% -1.1% 98.5% 102.7%
US Market 0.5% 6.3% 1.9% 2% 45.1% 40.5%
1 Year Return vs Industry and Market
  • IOTS underperformed the Semiconductor industry which returned -1.1% over the past year.
  • IOTS underperformed the Market in United States of America which returned 2% over the past year.
Price Volatility
IOTS
Industry
5yr Volatility vs Market

Value

 Is Adesto Technologies undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Adesto Technologies to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Adesto Technologies.

NasdaqCM:IOTS Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 7 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 12%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NasdaqCM:IOTS
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 7.3%
Semiconductor Unlevered Beta Simply Wall St/ S&P Global 1.12
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.118 (1 + (1- 21%) (18.25%))
1.279
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.28
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.279 * 7.27%)
12.03%

Discounted Cash Flow Calculation for NasdaqCM:IOTS using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Adesto Technologies is arrived at by discounting future cash flows to their present value using the 2 stage method. We use analyst's estimates of cash flows going forward 5 years for the 1st stage, the 2nd stage assumes the company grows at a stable rate into perpetuity.

NasdaqCM:IOTS DCF 1st Stage: Next 5 year cash flow forecast
2019 2020 2021 2022 2023
Levered FCF (USD, Millions) 0.62 0.69 0.76 0.84 0.93
Source Analyst x1 Est @ 10.44% Est @ 10.44% Est @ 10.44% Est @ 10.44%
Present Value
Discounted (@ 12.03%)
0.56 0.55 0.54 0.53 0.53
Present value of next 5 years cash flows $2.71
NasdaqCM:IOTS DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2023 × (1 + g) ÷ (Discount Rate – g)
= $0.93 × (1 + 2.73%) ÷ (12.03% – 2.73%)
$10.25
Present Value of Terminal Value = Terminal Value ÷ (1 + r)5
= $10.25 ÷ (1 + 12.03%)5
$5.81
NasdaqCM:IOTS Total Equity Value
Calculation Result
Total Equity Value = Present value of next 5 years cash flows + Terminal Value
= $2.71 + $5.81
$8.52
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $8.52 / 29.43
$0.29
NasdaqCM:IOTS Discount to Share Price
Calculation Result
Value per share (USD) From above. $0.29
Current discount Discount to share price of $5.48
= -1 x ($5.48 - $0.29) / $0.29
-1794%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Adesto Technologies is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Adesto Technologies's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Adesto Technologies's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqCM:IOTS PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-09-30) in USD $-0.64
NasdaqCM:IOTS Share Price ** NasdaqCM (2019-02-13) in USD $5.48
United States of America Semiconductor Industry PE Ratio Median Figure of 68 Publicly-Listed Semiconductor Companies 17.14x
United States of America Market PE Ratio Median Figure of 3,046 Publicly-Listed Companies 16.95x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Adesto Technologies.

NasdaqCM:IOTS PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqCM:IOTS Share Price ÷ EPS (both in USD)

= 5.48 ÷ -0.64

-8.6x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Adesto Technologies is loss making, we can't compare its value to the US Semiconductor industry average.
  • Adesto Technologies is loss making, we can't compare the value of its earnings to the United States of America market.
Price based on expected Growth
Does Adesto Technologies's expected growth come at a high price?
Raw Data
NasdaqCM:IOTS PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -8.6x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 7 Analysts
46%per year
United States of America Semiconductor Industry PEG Ratio Median Figure of 63 Publicly-Listed Semiconductor Companies 1.24x
United States of America Market PEG Ratio Median Figure of 2,117 Publicly-Listed Companies 1.36x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Adesto Technologies, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Adesto Technologies's assets?
Raw Data
NasdaqCM:IOTS PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-09-30) in USD $2.33
NasdaqCM:IOTS Share Price * NasdaqCM (2019-02-13) in USD $5.48
United States of America Semiconductor Industry PB Ratio Median Figure of 107 Publicly-Listed Semiconductor Companies 2.6x
United States of America Market PB Ratio Median Figure of 5,122 Publicly-Listed Companies 1.81x
NasdaqCM:IOTS PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqCM:IOTS Share Price ÷ Book Value per Share (both in USD)

= 5.48 ÷ 2.33

2.36x

* Primary Listing of Adesto Technologies.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Adesto Technologies is good value based on assets compared to the US Semiconductor industry average.
X
Value checks
We assess Adesto Technologies's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Semiconductor industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Semiconductor industry average (and greater than 0)? (1 check)
  5. Adesto Technologies has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Adesto Technologies expected to perform in the next 1 to 3 years based on estimates from 7 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
46%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Adesto Technologies expected to grow at an attractive rate?
  • Unable to compare Adesto Technologies's earnings growth to the low risk savings rate as it is expected to be loss making during the next 1-3 years.
Growth vs Market Checks
  • Unable to compare Adesto Technologies's earnings growth to the United States of America market average as it is expected to be loss making during the next 1-3 years.
  • Adesto Technologies's revenue growth is expected to exceed the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NasdaqCM:IOTS Future Growth Rates Data Sources
Data Point Source Value (per year)
NasdaqCM:IOTS Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 7 Analysts 46%
NasdaqCM:IOTS Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 7 Analysts 25.8%
United States of America Semiconductor Industry Earnings Growth Rate Market Cap Weighted Average 4.6%
United States of America Semiconductor Industry Revenue Growth Rate Market Cap Weighted Average 5.2%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.4%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.1%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NasdaqCM:IOTS Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 7 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqCM:IOTS Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-12-31 134 -7 5
2019-12-31 120 -12 7
2018-12-31 84 -20 7
NasdaqCM:IOTS Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-09-30 72 -12 -15
2018-06-30 65 -4 -7
2018-03-31 60 -0 -4
2017-12-31 56 -0 -6
2017-09-30 52 -1 -7
2017-06-30 48 -2 -10
2017-03-31 45 -3 -13
2016-12-31 44 -5 -12
2016-09-30 43 -8 -13
2016-06-30 43 -9 -10
2016-03-31 44 -9 -8
2015-12-31 43 -7 -8

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Adesto Technologies is not considered high growth as it is expected to be loss making for the next 1-3 years.
  • Adesto Technologies's revenue is expected to grow significantly at over 20% yearly.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NasdaqCM:IOTS Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 7 Analyst Estimates (S&P Global) See Below

All data from Adesto Technologies Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqCM:IOTS Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-12-31 -0.24 0.11 -0.81 4.00
2019-12-31 -0.41 -0.20 -1.02 6.00
2018-12-31 -0.80 -0.72 -0.90 6.00
NasdaqCM:IOTS Past Financials Data
Date (Data in USD Millions) EPS *
2018-09-30 -0.64
2018-06-30 -0.34
2018-03-31 -0.20
2017-12-31 -0.31
2017-09-30 -0.42
2017-06-30 -0.66
2017-03-31 -0.84
2016-12-31 -0.77
2016-09-30 -0.95
2016-06-30 -0.99
2016-03-31 -1.16
2015-12-31 -2.79

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Adesto Technologies will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Adesto Technologies's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Adesto Technologies has a total score of 2/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Adesto Technologies performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Adesto Technologies's growth in the last year to its industry (Semiconductor).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Adesto Technologies does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Adesto Technologies's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Adesto Technologies's 1-year growth to the US Semiconductor industry average as it is not currently profitable.
Earnings and Revenue History
Adesto Technologies's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Adesto Technologies Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqCM:IOTS Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-09-30 71.57 -14.72 20.54 17.15
2018-06-30 64.88 -7.32 20.61 15.13
2018-03-31 60.11 -4.02 17.94 14.39
2017-12-31 56.11 -5.69 18.21 14.09
2017-09-30 52.29 -7.25 18.40 14.02
2017-06-30 48.23 -10.33 18.20 14.81
2017-03-31 45.10 -12.85 18.14 15.33
2016-12-31 43.97 -11.61 17.72 15.90
2016-09-30 43.46 -13.15 16.84 16.01
2016-06-30 43.43 -10.15 15.43 14.84
2016-03-31 43.75 -7.65 13.81 13.77
2015-12-31 43.26 -8.38 12.32 12.80
2015-09-30 41.80 -6.50 11.17 12.35
2015-06-30 40.69 -7.79 10.50 12.59
2015-03-31 40.43 -9.03 10.04 13.05
2014-12-31 41.47 -8.93 9.57 14.41
2013-12-31 49.68 -8.15 10.77 15.03

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Adesto Technologies has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Adesto Technologies has efficiently used its assets last year compared to the US Semiconductor industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Adesto Technologies improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Adesto Technologies's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Semiconductor industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Adesto Technologies has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Adesto Technologies's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Adesto Technologies's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Adesto Technologies is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Adesto Technologies's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Adesto Technologies's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 2.1x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Adesto Technologies Company Filings, last reported 4 months ago.

NasdaqCM:IOTS Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-09-30 68.33 29.43 14.55
2018-06-30 33.06 29.36 7.94
2018-03-31 32.55 13.35 29.55
2017-12-31 32.95 13.33 30.08
2017-09-30 32.49 13.40 30.51
2017-06-30 32.28 15.00 31.89
2017-03-31 14.65 16.53 17.50
2016-12-31 16.37 18.05 19.72
2016-09-30 17.30 19.85 21.38
2016-06-30 20.30 10.64 14.14
2016-03-31 23.74 12.04 19.17
2015-12-31 24.48 13.42 23.09
2015-09-30 3.62 14.29 5.34
2015-06-30 5.01 14.13 6.47
2015-03-31 5.88 9.27 4.55
2014-12-31 8.34 10.75 5.97
2013-12-31 17.07 14.90 11.58
  • Adesto Technologies's level of debt (43.1%) compared to net worth is high (greater than 40%).
  • Unable to establish if Adesto Technologies's debt level has increased without past 5-year debt data.
CASH RUNWAY ANALYSIS

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

  • Adesto Technologies has less than a year of cash runway based on current free cash flow.
  • Adesto Technologies has less than a year of cash runway if free cash flow continues to grow at historical rates of 1.9% each year.
X
Financial health checks
We assess Adesto Technologies's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Adesto Technologies has a total score of 2/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Adesto Technologies dividends.
If you bought $2,000 of Adesto Technologies shares you are expected to receive $0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Adesto Technologies's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Adesto Technologies's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NasdaqCM:IOTS Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 7 Analyst Estimates (S&P Global) See Below
United States of America Semiconductor Industry Average Dividend Yield Market Cap Weighted Average of 32 Stocks 2.4%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 1997 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NasdaqCM:IOTS Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2020-12-31
2019-12-31
2018-12-31

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Adesto Technologies has not reported any payouts.
  • Unable to verify if Adesto Technologies's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Adesto Technologies's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Adesto Technologies has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Adesto Technologies's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Adesto Technologies afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Adesto Technologies has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Adesto Technologies's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Narbeh Derhacobian
COMPENSATION $1,021,024
AGE 55
TENURE AS CEO 13.1 years
CEO Bio

Mr. Narbeh Derhacobian, Ph.D., Co-founded Adesto Technologies Corporation in January 2006 and has been its Chief Executive Officer and President since January 2006. Mr. Derhacobian has served technical and managerial roles at SST, AMD, Virage Logic and Cswitch Corporations. Mr. Derhacobian's industrial experiences cover development and commercialization of split-gate NOR flash, ETOX NOR and NAND flash as well as SONOS based MirrorBit NOR flash technologies. Mr. Derhacobian has over 17 years of industry experience working on discrete and embedded memory technologies. He serves as been a Director of Adesto Technologies Corporation, Inc since January 2006. He has over 40 granted patents in various areas of semiconductor memories. Mr. Derhacobian has a B.S. degree and M.S. degree in physics and a Ph.D. in solid state physics from the University of California, Los Angeles and an M.B.A. from San Jose State University.

CEO Compensation
  • Narbeh's compensation has increased whilst company is loss making.
  • Narbeh's remuneration is about average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Adesto Technologies management team in years:

3.8
Average Tenure
56
Average Age
  • The tenure for the Adesto Technologies management team is about average.
Management Team

Narbeh Derhacobian

TITLE
Co-Founder
COMPENSATION
$1M
AGE
55
TENURE
13.1 yrs

Ron Shelton

TITLE
CFO & Secretary
COMPENSATION
$852K
AGE
56
TENURE
7.2 yrs

Gideon Intrater

TITLE
Chief Technology Officer
COMPENSATION
$718K
AGE
57
TENURE
3.4 yrs

Nachumovsky Naveh

TITLE
Co-Founder & VP of Business Development
COMPENSATION
$811K
AGE
60
TENURE
13.1 yrs

David Aaron

TITLE
Vice President & General Counsel
AGE
51
TENURE
1.1 yrs

Tom Spade

TITLE
Vice President of Worldwide Sales
COMPENSATION
$320K
AGE
52
TENURE
4.2 yrs

Adam Badgett

TITLE
Vice President of Worldwide Operations
TENURE
0.8 yrs

Raphael Mehrbians

TITLE
VP & GM of Memory Business Unit
AGE
58
TENURE
0.8 yrs
Board of Directors Tenure

Average tenure and age of the Adesto Technologies board of directors in years:

3.6
Average Tenure
58
Average Age
  • The tenure for the Adesto Technologies board of directors is about average.
Board of Directors

Nelson Chan

TITLE
Chairman of the Board & Lead Independent Director
COMPENSATION
$114K
AGE
57
TENURE
1.7 yrs

Narbeh Derhacobian

TITLE
Co-Founder
COMPENSATION
$1M
AGE
55
TENURE
13.1 yrs

Francis Lee

TITLE
Director
COMPENSATION
$79K
AGE
66
TENURE
3.6 yrs

Kevin Palatnik

TITLE
Director
COMPENSATION
$91K
AGE
60
TENURE
3.5 yrs

Keith Crandell

TITLE
Director
COMPENSATION
$75K
AGE
58
TENURE
12 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
14. Nov 18 Buy Narbeh Derhacobian Individual 12. Nov 18 12. Nov 18 10,000 $4.88 $48,790
08. Aug 18 Buy Narbeh Derhacobian Individual 06. Aug 18 06. Aug 18 10,000 $5.14 $51,350
21. May 18 Sell 180 Degree Capital Corp. Company 27. Apr 18 21. May 18 -482,616 $9.77 $-4,301,018
03. Mar 18 Sell Janet Wang Individual 28. Feb 18 28. Feb 18 -8,333 $6.50 $-54,156
X
Management checks
We assess Adesto Technologies's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Adesto Technologies has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Can We See Significant Institutional Ownership On The Adesto Technologies Corporation (NASDAQ:IOTS) Share Register?

The big shareholder groups in Adesto Technologies Corporation (NASDAQ:IOTS) have power over the company. … Generally speaking, as a company grows, institutions will increase their ownership. … Adesto Technologies is a smaller company with a market capitalization of US$155m, so it may still be flying under the radar of many institutional investors.

Simply Wall St -

Does Adesto Technologies Corporation (NASDAQ:IOTS) Have A Particularly Volatile Share Price?

If you're interested in Adesto Technologies Corporation (NASDAQ:IOTS), then you might want to consider its beta (a measure of share price volatility) in order to understand how the stock could impact your portfolio. … Beta can be a useful tool to understand how much a stock is influenced by market risk (volatility). … Any stock with a beta of greater than one is considered more volatile than the market, while those with a beta below one are either less volatile or poorly correlated with the market.

Simply Wall St -

Have Insiders Been Buying Adesto Technologies Corporation (NASDAQ:IOTS) Shares This Year?

We've lost count of how many times insiders have accumulated shares in a company that goes on to improve markedly. … So we'll take a look at whether insiders have been buying or selling shares in Adesto Technologies Corporation (NASDAQ:IOTS). … Janet Wang was the only individual insider to sell shares in the last twelve months

Simply Wall St -

Here's What We Think About Adesto Technologies Corporation's (NASDAQ:IOTS) CEO Pay

First, this article will compare CEO compensation with compensation at similar sized companies. … How Does Narbeh Derhacobian's Compensation Compare With Similar Sized Companies. … Our data indicates that Adesto Technologies Corporation is worth US$159m, and total annual CEO compensation is US$1.0m.

Simply Wall St -

Adesto Technologies Corporation (NASDAQ:IOTS): Time For A Financial Health Check

Adesto Technologies Corporation (NASDAQ:IOTS) is a small-cap stock with a market capitalization of US$131m. … While investors primarily focus on the growth potential and competitive landscape of the small-cap companies, they end up ignoring a key aspect, which could be the biggest threat to its existence: its financial health. … Assessing first and foremost the financial health is

Simply Wall St -

One Thing To Consider Before Buying Adesto Technologies Corporation (NASDAQ:IOTS)

The second type is the broader market volatility, which you cannot diversify away, since it arises from macroeconomic factors which directly affects all the stocks on the market. … Some investors use beta as a measure of how much a certain stock is impacted by market risk (volatility). … While we should keep in mind that Warren Buffett has cautioned that 'Volatility is far from synonymous with risk', beta is still a useful factor to consider.

Simply Wall St -

Should You Sell When Adesto Technologies Corporation's (NASDAQ:IOTS) Insiders Do?

some insider selling over the past three months, with insiders divesting from. … Generally, insiders selling shares in their own firm sends a bearish signal. … A research published in The MIT Press (1998) concluded that stocks following insider selling fell 2.7% compared to the market

Simply Wall St -

Breakeven On The Horizon For Adesto Technologies Corporation (NASDAQ:IOTS)

Adesto Technologies Corporation, together with its subsidiaries, provides application-specific and ultra-low power non-volatile memory products. … The US$160.22m market-cap company’s loss lessens since it announced a -US$5.69m bottom-line in the full financial year, compared to the latest trailing-twelve-month loss of -US$4.01m, as it approaches breakeven? … Check out our latest analysis for Adesto Technologies

Simply Wall St -

What does Adesto Technologies Corporation's (NASDAQ:IOTS) Balance Sheet Tell Us About Its Future?

Investors are always looking for growth in small-cap stocks like Adesto Technologies Corporation (NASDAQ:IOTS), with a market cap of US$194.17m. … However, an important fact which most ignore is: how financially healthy is the business?

Simply Wall St -

Does Adesto Technologies Corporation's (NASDAQ:IOTS) Recent Track Record Look Strong?

Investors with a long-term horizong may find it valuable to assess Adesto Technologies Corporation's (NASDAQ:IOTS) earnings trend over time and against its industry benchmark as opposed to simply looking at a sincle earnings announcement at one point in time. … Below is my commentary, albiet very simple and high-level, on how Adesto Technologies is currently performing. … IOTS is loss-making, with the most recent trailing twelve-month earnings of -US$4.01m (from 31 March 2018), which compared to last year has become

Simply Wall St -

Company Info

Map
Description

Adesto Technologies Corporation, together with its subsidiaries, provides application-specific semiconductors for the Internet of Things (IoT) era. Its portfolio of semiconductor and embedded technologies are optimized for connected IoT devices used in industrial, consumer, communications, and medical applications. The company manufactures its products using industry-standard floating gate technology and conductive bridging random access memory technology platforms. Its products include DataFlash for data-logging applications, such as industrial automation, home automation sensing, and health and fitness tracking; Fusion Serial Flash for use in various high-volume consumer applications comprising wearables, mobile, and other applications; EcoXip that enables improved processor performance and reduced system power consumption; and Standard Serial Flash to store boot or program code with a low pin count industry standard serial interface. The company’s products also comprise Mavriq for IoT and other applications, which include camera sensors, Bluetooth low energy devices, wearables, gaming components, printer cartridges, medical equipment, and other devices; and Moneta for retail beacons, wearable medical and fitness devices, industrial and environmental sensors, agricultural monitors, and other low energy/long battery life or energy harvesting system applications. The company sells its products through a network of representatives and distributors to original equipment manufacturers and original design manufacturers in the United States, Rest of Americas, Europe, the Asia Pacific, and internationally. Adesto Technologies Corporation was incorporated in 2006 and is headquartered in Santa Clara, California.

Details
Name: Adesto Technologies Corporation
IOTS
Exchange: NasdaqCM
Founded: 2006
$161,299,098
29,434,142
Website: http://www.adestotech.com
Address: Adesto Technologies Corporation
3600 Peterson Way,
Santa Clara,
California, 95054,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqCM IOTS Common Stock Nasdaq Capital Market US USD 27. Oct 2015
Number of employees
Current staff
Staff numbers
102
Adesto Technologies employees.
Industry
Semiconductors
Semiconductors
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/02/14 01:08
End of day share price update: 2019/02/13 00:00
Last estimates confirmation: 2019/02/08
Last earnings filing: 2018/11/09
Last earnings reported: 2018/09/30
Last annual earnings reported: 2017/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.