NasdaqGS:NANO

Stock Analysis Report

Executive Summary

Nanometrics Incorporated provides process control metrology and inspection systems for use primarily in the fabrication of semiconductors and other solid-state devices, and industrial and scientific applications worldwide.

Snowflake

Fundamentals

Flawless balance sheet and good value.

Risks

  • Nanometrics has significant price volatility in the past 3 months.

Similar Companies

Share Price & News

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


Latest Share Price and Events


Market Performance


7 Day Return

0.7%

NasdaqGS:NANO

1.1%

US Semiconductor

-0.7%

US Market


1 Year Return

-29.6%

NasdaqGS:NANO

5.3%

US Semiconductor

-0.5%

US Market

NANO underperformed the Semiconductor industry which returned 5.2% over the past year.

NANO underperformed the Market in United States of America which returned -0.4% over the past year.


Share holder returns

NANOIndustryMarket
7 Day0.7%1.1%-0.7%
30 Day-15.4%-3.0%-3.0%
90 Day-5.6%9.1%0.9%
1 Year-29.6%-29.6%7.3%5.3%1.7%-0.5%
3 Year34.1%34.1%71.2%61.2%39.5%30.4%
5 Year70.1%70.1%107.1%86.2%54.1%37.0%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

35%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

Nanometrics's share price is below the future cash flow value, and at a moderate discount (> 20%).

Nanometrics's share price is below the future cash flow value, but not at a substantial discount (< 40%).


Price Based on Earnings

Nanometrics is good value based on earnings compared to the US Semiconductor industry average.

Nanometrics is overvalued based on earnings compared to the United States of America market.


Price Based on Expected Growth

Nanometrics is good value based on expected growth next year.


Price Based on Value of Assets

Nanometrics is good value based on assets compared to the US Semiconductor industry average.


Next Steps

Future Growth

How is Nanometrics expected to perform in the next 1 to 3 years based on estimates from 6 analysts?

53.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Nanometrics's revenue is expected to grow by 13.9% yearly, however this is not considered high growth (20% yearly).

Nanometrics's earnings are expected to grow significantly at over 20% yearly.

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

Nanometrics's earnings growth is expected to exceed the United States of America market average.

Nanometrics's earnings growth is expected to exceed the low risk savings rate of 2.7%.


Earnings per Share Growth Estimates


Future Return on Equity

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


Next Steps

Past Performance

How has Nanometrics performed over the past 5 years?

55.9%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Nanometrics has delivered over 20% year on year earnings growth in the past 5 years.

Nanometrics's 1-year earnings growth is negative, it can't be compared to the 5-year average.

Nanometrics's 1-year earnings growth is negative, it can't be compared to the US Semiconductor industry average.


Return on Equity

Nanometrics has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

Nanometrics used its assets less efficiently than the US Semiconductor industry average last year based on Return on Assets.


Return on Capital Employed

Nanometrics has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).


Next Steps

Financial Health

How is Nanometrics's financial position?


Financial Position Analysis

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

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


Debt to Equity History and Analysis

Nanometrics has no debt.

Nanometrics currently has no debt however we can't compare to 5 years ago as we have no data for that period.

Nanometrics has no debt, it does not need to be covered by operating cash flow.

Nanometrics has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet

High level of physical assets or inventory.

Nanometrics has no debt, it does not need to be covered by short term assets.


Next Steps

Dividend

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


Dividend Yield and Payments Analysis

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

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

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

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


Current Payout to Shareholders

Unable to calculate sustainability of dividends as Nanometrics 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 Nanometrics's salary, the management and board of directors tenure and is there insider trading?

1.6yrs

Average management tenure


CEO

Pierre-Yves Lesaicherre (56yo)

1.8yrs

Tenure

US$2,936,885

Compensation

Dr. Pierre-Yves Lesaicherre, Ph.D., has been President, Chief Executive Officer and Director of Nanometrics Incorporated since November 27, 2017. Dr. Lesaicherre served as the Chief Executive Officer of Lu ...


CEO Compensation Analysis

Pierre-Yves's remuneration is about average for companies of similar size in United States of America.

Insufficient data for Pierre-Yves to compare compensation growth.


Management Age and Tenure

1.6yrs

Average Tenure

56yo

Average Age

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


Board Age and Tenure

5.3yrs

Average Tenure

61yo

Average Age

The tenure for the Nanometrics board of directors is about average.


Insider Trading

Nanometrics individual insiders have only sold shares in the past 3 months, but not in substantial volumes.


Recent Insider Transactions

SellUS$24,44202 Jul 19
Rollin Kocher
EntityIndividual
Role
Head of Sales
Senior Vice President of Sales & Marketing
Shares693
Max PriceUS$35.27
SellUS$1,12902 Jul 19
Greg Swyt
EntityIndividual
Role
Chief Financial Officer
Principal Financial Officer & VP of Finance
Shares32
Max PriceUS$35.27
SellUS$860,26128 Feb 19
Timothy Stultz
EntityIndividual
Role
Member of the Board of Directors
Director
Shares30,000
Max PriceUS$29.28
SellUS$532,30721 Feb 19
Timothy Stultz
EntityIndividual
Role
Member of the Board of Directors
Director
Shares17,667
Max PriceUS$30.13
SellUS$11,21305 Jan 19
Greg Swyt
EntityIndividual
Role
Chief Financial Officer
Principal Financial Officer & VP of Finance
Shares420
Max PriceUS$26.70
SellUS$4,90605 Jan 19
Rollin Kocher
EntityIndividual
Role
Head of Sales
Senior Vice President of Sales & Marketing
Shares183
Max PriceUS$26.81
SellUS$214,66128 Nov 18
Pierre-Yves Lesaicherre
EntityIndividual
Role
Chief Executive Officer
President
Shares6,856
Max PriceUS$31.31
SellUS$84,96826 Nov 18
Greg Swyt
EntityIndividual
Role
Chief Financial Officer
Principal Financial Officer & VP of Finance
Shares2,742
Max PriceUS$31.05
SellUS$103,21828 Aug 18
Janet Taylor
EntityIndividual
Role
Chief Legal Officer
General Counsel
Shares2,305
Max PriceUS$44.78

Ownership Breakdown


Management Team

  • Rodney Smedt (56yo)

    Senior VP of Research & Development

    • Tenure: 0.2yrs
  • Janet Taylor (61yo)

    General Counsel

    • Tenure: 4.1yrs
    • Compensation: US$1.05m
  • Pierre-Yves Lesaicherre (56yo)

    President

    • Tenure: 1.8yrs
    • Compensation: US$2.94m
  • Rollin Kocher (53yo)

    Senior Vice President of Sales & Marketing

    • Tenure: 1.6yrs
    • Compensation: US$1.31m
  • Kevin Heidrich (48yo)

    Senior Vice President of Corporate Development

    • Tenure: 1.6yrs
    • Compensation: US$527.13k
  • Greg Swyt (58yo)

    Principal Financial Officer & VP of Finance

    • Tenure: 1.7yrs
    • Compensation: US$700.04k
  • Jim Barnhart (56yo)

    Senior Vice President of Operations

    • Tenure: 1.4yrs
    • Compensation: US$1.63m

Board Members

  • Christine Tsingos (60yo)

    Director

    • Tenure: 5.3yrs
    • Compensation: US$249.12k
  • Bob Deuster (69yo)

    Director

    • Tenure: 2.4yrs
    • Compensation: US$239.12k
  • Bruce Rhine (61yo)

    Chairman

    • Tenure: 12.1yrs
    • Compensation: US$271.60k
  • Chris Seams (56yo)

    Director

    • Tenure: 4.0yrs
    • Compensation: US$239.10k
  • Ed Brown (61yo)

    Director

    • Tenure: 6.5yrs
    • Compensation: US$249.08k
  • Tim Stultz (71yo)

    Director

    • Tenure: 12.0yrs
    • Compensation: US$219.12k
  • Pierre-Yves Lesaicherre (56yo)

    President

    • Tenure: 1.8yrs
    • Compensation: US$2.94m

Company Information

Nanometrics Incorporated's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Nanometrics Incorporated
  • Ticker: NANO
  • Exchange: NasdaqGS
  • Founded: 1975
  • Industry: Semiconductor Equipment
  • Sector: Semiconductors
  • Market Cap: US$706.368m
  • Shares outstanding: 24.83m
  • Website: https://www.nanometrics.com

Number of Employees


Location

  • Nanometrics Incorporated
  • 1550 Buckeye Drive
  • Milpitas
  • California
  • 95035
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
NANONasdaqGS (Nasdaq Global Select)YesCommon StockUSUSDNov 1984
NNMDB (Deutsche Boerse AG)YesCommon StockDEEURNov 1984

Biography

Nanometrics Incorporated provides process control metrology and inspection systems for use primarily in the fabrication of semiconductors and other solid-state devices, and industrial and scientific applic ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/18 23:44
End of Day Share Price2019/08/16 00:00
Earnings2019/06/29
Annual Earnings2018/12/29


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.