Everspin Technologies, Inc. manufactures and sells magnetoresistive random access memory (MRAM) products to customers in the United States, Japan, China, Germany, Singapore, and internationally.
Reasonable growth potential with mediocre balance sheet.
Share Price & News
How has Everspin Technologies's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: MRAM's share price has been volatile over the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: MRAM underperformed the US Semiconductor industry which returned 26.2% over the past year.
Return vs Market: MRAM underperformed the US Market which returned 10.2% over the past year.
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
1 month ago | Simply Wall StWhat Type Of Shareholder Owns Everspin Technologies, Inc.'s (NASDAQ:MRAM)?
2 months ago | Simply Wall StImagine Owning Everspin Technologies (NASDAQ:MRAM) And Wondering If The 31% Share Price Slide Is Justified
4 months ago | Simply Wall StIs Everspin Technologies (NASDAQ:MRAM) Using Debt In A Risky Way?
Is Everspin Technologies undervalued compared to its fair value and its price relative to the market?
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: Insufficient data to calculate MRAM's fair value to establish if it is undervalued.
Significantly Below Fair Value: Insufficient data to calculate MRAM's fair value to establish if it is undervalued.
Price To Earnings Ratio
PE vs Industry: MRAM is unprofitable, so we can't compare its PE Ratio to the Semiconductor industry average.
PE vs Market: MRAM 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 MRAM's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: MRAM is overvalued based on its PB Ratio (3.5x) compared to the US Semiconductor industry average (2.8x).
How is Everspin Technologies forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: MRAM is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.7%).
Earnings vs Market: MRAM is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: MRAM's is expected to become profitable in the next 3 years.
Revenue vs Market: MRAM's revenue (19.8% per year) is forecast to grow faster than the US market (7.6% per year).
High Growth Revenue: MRAM's revenue (19.8% 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 MRAM's Return on Equity is forecast to be high in 3 years time
How has Everspin Technologies performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: MRAM is currently unprofitable.
Growing Profit Margin: MRAM is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: MRAM is unprofitable, and losses have increased over the past 5 years at a rate of -2.9% per year.
Accelerating Growth: Unable to compare MRAM's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: MRAM is unprofitable, making it difficult to compare its past year earnings growth to the Semiconductor industry (-28.7%).
Return on Equity
High ROE: MRAM has a negative Return on Equity (-83.44%), as it is currently unprofitable.
How is Everspin Technologies's financial position?
Financial Position Analysis
Short Term Liabilities: MRAM's short term assets ($28.9M) exceed its short term liabilities ($8.1M).
Long Term Liabilities: MRAM's short term assets ($28.9M) exceed its long term liabilities ($9.0M).
Debt to Equity History and Analysis
Debt Level: MRAM's debt to equity ratio (42.9%) is considered high.
Reducing Debt: Insufficient data to determine if MRAM's debt to equity ratio has reduced over the past 5 years.
Inventory Level: MRAM has a high level of physical assets or inventory.
Debt Coverage by Assets: MRAM's debt is covered by short term assets (assets are 3.7x 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.
Stable Cash Runway: MRAM has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: MRAM has less than a year of cash runway if free cash flow continues to reduce at historical rates of -8.2% each year
What is Everspin Technologies's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate MRAM's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate MRAM's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if MRAM's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if MRAM'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 MRAM's dividend in 3 years as they are not forecast to pay a notable one for the US market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Kevin Conley (62yo)
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
Compensation vs Market: Kevin's total compensation ($USD1.19M) is above average for companies of similar size in the US market ($USD529.87K).
Compensation vs Earnings: Kevin's compensation has been consistent with company performance over the past year.
|CEO, President & Director||2.4yrs||US$1.19m||0.36% $228.9k|
|Executive Officer||0.08yrs||US$630.22k||0.086% $54.3k|
|Interim CFO & Principal Accounting Officer||0.08yrs||no data||0.021% $13.5k|
|Vice President of Operations||2.3yrs||no data||0.021% $13.5k|
|Vice President of Technology R&D||0yrs||no data||0.12% $75.4k|
|Vice President of Sales & Marketing||0.9yrs||no data||0.097% $61.3k|
|Vice President of Storage Solutions||6.3yrs||US$282.21k||no data|
Experienced Management: MRAM's management team is not considered experienced ( 1.6 years average tenure), which suggests a new team.
|CEO, President & Director||2.4yrs||US$1.19m||0.36% $228.9k|
|Independent Director||11.7yrs||US$123.24k||1.82% $1.1m|
|Independent Director||10.5yrs||US$123.24k||0.64% $403.4k|
|Independent Director||1.2yrs||US$115.92k||0.034% $21.5k|
|Independent Director||2.9yrs||US$123.24k||0.13% $83.6k|
|Independent Director||11.7yrs||US$123.24k||0.017% $10.8k|
|Independent Director||11.7yrs||US$123.24k||0.051% $32.3k|
|Independent Director||3.8yrs||US$138.24k||0.057% $35.9k|
|Independent Chairman||0.9yrs||US$150.19k||0.040% $25.1k|
Experienced Board: MRAM's board of directors are considered experienced (3.8 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: MRAM insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 12.4%.
Everspin Technologies, Inc.'s company bio, employee growth, exchange listings and data sources
- Name: Everspin Technologies, Inc.
- Ticker: MRAM
- Exchange: NasdaqGM
- Founded: 2008
- Industry: Semiconductors
- Sector: Semiconductors
- Market Cap: US$63.060m
- Shares outstanding: 17.57m
- Website: https://www.everspin.com
Number of Employees
- Everspin Technologies, Inc.
- 5670 West Chandler Boulevard
- Suite 100
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|MRAM||NasdaqGM (Nasdaq Global Market)||Yes||Common Stock||US||USD||Oct 2016|
|E5N||DB (Deutsche Boerse AG)||Yes||Common Stock||DE||EUR||Oct 2016|
|0IJ3||LSE (London Stock Exchange)||Yes||Common Stock||GB||USD||Oct 2016|
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 Toggle MRAM, spin-transfer torque MRAM, and embedded MRAM products, as well as magnetic sensors and aerospace and satellite electronic systems. The company provides its products for applications, including data center, industrial, automotive, transportation, and enterprise storage markets. It serves customers through a direct sales channel and a network of representatives and distributors. Everspin Technologies, Inc. was incorporated in 2008 and is headquartered in Chandler, Arizona.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/02/27 01:33|
|End of Day Share Price||2020/02/26 00:00|
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.