NasdaqGM:MRAM

Stock Analysis Report

Executive Summary

Everspin Technologies, Inc. manufactures and sells magnetoresistive random access memory (MRAM) products to customers in the United States, Japan, China, Germany, Singapore, and internationally.

Snowflake

Fundamentals

Imperfect balance sheet with concerning outlook.

Risks

  • Everspin Technologies is covered by less than 3 analysts.

Similar Companies

Share Price & News

How has Everspin Technologies's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-1.7%

NasdaqGM:MRAM

0.4%

US Semiconductor

0.8%

US Market


1 Year Return

-10.6%

NasdaqGM:MRAM

10.7%

US Semiconductor

1.9%

US Market

MRAM underperformed the Semiconductor industry which returned 11.3% over the past year.

MRAM underperformed the Market in United States of America which returned 2.1% over the past year.


Share holder returns

MRAMIndustryMarket
7 Day-1.7%0.4%0.8%
30 Day8.6%7.8%3.4%
90 Day-2.8%12.6%2.1%
1 Year-10.6%-10.6%12.7%10.7%4.2%1.9%
3 Yearn/a84.2%73.5%46.7%37.2%
5 Yearn/a124.2%101.4%62.3%44.5%

Price Volatility Vs. Market

How volatile is Everspin Technologies's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

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

6.27x

Price to Book (PB) ratio


Intrinsic Value Based on Future Cash Flows

Unable to calculate intrinsic value for Everspin Technologies to establish if it is available at moderate discount.

Unable to calculate intrinsic value for Everspin Technologies to establish if it is available at substantial discount.


Price Based on Earnings

Everspin Technologies is loss making, we can't compare its value to the US Semiconductor industry average.

Everspin 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

Unable to calculate PEG ratio for Everspin Technologies, we can't assess if its growth is good value.


Price Based on Value of Assets

Everspin Technologies is overvalued based on assets compared to the US Semiconductor industry average.


Next Steps

Future Growth

How is Everspin Technologies expected to perform in the next 1 to 3 years based on estimates from 2 analysts?

57.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Everspin Technologies's revenue is expected to grow by 18.5% yearly, however this is not considered high growth (20% yearly).

Everspin Technologies is not considered high growth as it is expected to be loss making for the next 1-3 years.

Everspin Technologies's revenue growth is expected to exceed the United States of America market average.

Unable to compare Everspin 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.

Unable to compare Everspin Technologies's earnings growth to the low risk savings rate as it is expected to be loss making during the next 1-3 years.


Earnings per Share Growth Estimates


Future Return on Equity

Unable to establish if Everspin Technologies will efficiently use shareholders’ funds in the future without estimates of Return on Equity.


Next Steps

Past Performance

How has Everspin Technologies performed over the past 5 years?

-4.8%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Everspin Technologies does not make a profit and their year on year earnings growth rate was negative over the past 5 years.

Unable to compare Everspin Technologies's 1-year earnings growth to the 5-year average as it is not currently profitable.

Unable to compare Everspin Technologies's 1-year growth to the US Semiconductor industry average as it is not currently profitable.


Return on Equity

It is difficult to establish if Everspin Technologies has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.


Return on Assets

It is difficult to establish if Everspin Technologies has efficiently used its assets last year compared to the US Semiconductor industry average (Return on Assets) as it is loss-making.


Return on Capital Employed

It is difficult to establish if Everspin Technologies improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.


Next Steps

Financial Health

How is Everspin Technologies's financial position?


Financial Position Analysis

Everspin Technologies is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.

Everspin Technologies's cash and other short term assets cover its long term commitments.


Debt to Equity History and Analysis

Everspin Technologies's level of debt (51.6%) compared to net worth is high (greater than 40%).

Unable to establish if Everspin Technologies's debt level has increased without past 5-year debt data.


Balance Sheet

High level of physical assets or inventory.

Debt is covered by short term assets, assets are 3.2x debt.


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.

Everspin Technologies has less than a year of cash runway based on current free cash flow.

Everspin Technologies has less than a year of cash runway if free cash flow continues to grow at historical rates of 0.3% each year.


Next Steps

Dividend

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


Dividend Yield and Payments Analysis

Unable to evaluate Everspin Technologies's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.

Unable to evaluate Everspin Technologies's dividend against the top 25% market benchmark as the company has not reported any payouts.

Unable to perform a dividend volatility check as Everspin Technologies has not reported any payouts.

Unable to verify if Everspin Technologies's dividend has been increasing as the company has not reported any payouts.


Current Payout to Shareholders

Unable to calculate sustainability of dividends as Everspin 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.


Next Steps

Management

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

1.9yrs

Average management tenure


CEO

Kevin Conley (62yo)

2yrs

Tenure

US$1,190,426

Compensation

Mr. Kevin Conley has been the Chief Executive Officer and President of Everspin Technologies, Inc. since September 1, 2017. Mr. Conley served as Senior Vice President at SanDisk LLC from January 2011 to Ju ...


CEO Compensation Analysis

Kevin's remuneration is higher than average for companies of similar size in United States of America.

Kevin's compensation has been consistent with company performance over the past year, both up more than 20%.


Management Age and Tenure

1.9yrs

Average Tenure

61yo

Average Age

The average tenure for the Everspin Technologies management team is less than 2 years, this suggests a new team.


Board Age and Tenure

3.3yrs

Average Tenure

60yo

Average Age

The tenure for the Everspin Technologies board of directors is about average.


Insider Trading

No 3 month open market individual insider trading information.


Recent Insider Transactions

SellUS$1,74928 Mar 19
Sanjeev Aggarwal
EntityIndividual
Role
Chief Technology Officer
Vice President of Technology R&D
Shares207
Max PriceUS$8.45
SellUS$6,92128 Mar 19
Jeffrey Winzeler
EntityIndividual
Role
Chief Financial Officer
CFO & Secretary
Shares819
Max PriceUS$8.45
SellUS$1,60628 Mar 19
Thomas Andre
EntityIndividual
Shares190
Max PriceUS$8.45
SellUS$88728 Mar 19
Angelo Ugge
EntityIndividual
Role
Co-Chief Operating Officer
Vice President of Business Development & Operations
Shares105
Max PriceUS$8.45
SellUS$2,03913 Feb 19
Sanjeev Aggarwal
EntityIndividual
Role
Chief Technology Officer
Vice President of Technology R&D
Shares269
Max PriceUS$7.58
SellUS$1,38013 Feb 19
Thomas Andre
EntityIndividual
Shares182
Max PriceUS$7.58

Ownership Breakdown


Management Team

  • Angelo Ugge (72yo)

    Vice President of Business Development & Operations

    • Tenure: 3.9yrs
  • Terry Hulett (61yo)

    Vice President of Storage Solutions

    • Tenure: 5.9yrs
    • Compensation: US$282.21k
  • Jim Everett

    Vice President of Human Resources

    • Tenure: 1.5yrs
  • Norm Armour (61yo)

    Vice President of Operations

    • Tenure: 1.8yrs
  • Jeff Winzeler (59yo)

    CFO & Secretary

    • Tenure: 4.4yrs
    • Compensation: US$630.22k
  • Sanjeev Aggarwal (52yo)

    Vice President of Technology R&D

    • Tenure: 0yrs
  • Kevin Conley (62yo)

    CEO, President & Director

    • Tenure: 2yrs
    • Compensation: US$1.19m
  • Rizwan Ahmed

    Vice President of Marketing

    • Tenure: 0.7yrs
  • Troy Winslow (51yo)

    Vice President of Global Sales

    • Tenure: 0.5yrs

Board Members

  • Larry Finch (84yo)

    Director

    • Tenure: 11.3yrs
    • Compensation: US$123.24k
  • Geoff Tate (65yo)

    Independent Director

    • Tenure: 10.1yrs
    • Compensation: US$123.24k
  • Geoff Ribar (60yo)

    Director

    • Tenure: 0.8yrs
    • Compensation: US$115.92k
  • Mike Gustafson (52yo)

    Director

    • Tenure: 2.5yrs
    • Compensation: US$123.24k
  • Steve Socolof (59yo)

    Director

    • Tenure: 11.3yrs
    • Compensation: US$123.24k
  • Peter Hébert (41yo)

    Director

    • Tenure: 11.3yrs
    • Compensation: US$123.24k
  • Ron Foster (68yo)

    Director

    • Tenure: 3.3yrs
    • Compensation: US$138.24k
  • Darin Billerbeck (59yo)

    Chairman

    • Tenure: 0.5yrs
    • Compensation: US$150.19k
  • Kevin Conley (62yo)

    CEO, President & Director

    • Tenure: 2yrs
    • Compensation: US$1.19m

Company Information

Everspin Technologies, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Everspin Technologies, Inc.
  • Ticker: MRAM
  • Exchange: NasdaqGM
  • Founded: 2008
  • Industry: Semiconductors
  • Sector: Semiconductors
  • Market Cap: US$116.973m
  • Shares outstanding: 17.15m
  • Website: https://www.everspin.com

Number of Employees


Location

  • Everspin Technologies, Inc.
  • 5670 West Chandler Boulevard
  • Suite 100
  • Chandler
  • Arizona
  • 85226
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
MRAMNasdaqGM (Nasdaq Global Market)YesCommon StockUSUSDOct 2016
E5NDB (Deutsche Boerse AG)YesCommon StockDEEUROct 2016
0IJ3LSE (London Stock Exchange)YesCommon StockGBUSDOct 2016

Biography

Everspin Technologies, Inc. manufactures and sells magnetoresistive random access memory (MRAM) products to customers in the United States, Japan, China, Germany, Singapore, and internationally. It offers  ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/09/18 01:25
End of Day Share Price2019/09/17 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.