| Snowflake Score | |
|---|---|
| Valuation | 2/6 |
| Future Growth | 0/6 |
| Past Performance | 4/6 |
| Financial Health | 5/6 |
| Dividends | 2/6 |
NVEC Stock Overview
NVE Corporation develops and sells devices that use spintronics, a nanotechnology that relies on electron spin to acquire, store, and transmit information in the United States and internationally.
NVE Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$52.21 |
| 52 Week High | US$75.50 |
| 52 Week Low | US$43.35 |
| Beta | 1.15 |
| 1 Month Change | 7.14% |
| 3 Month Change | 6.31% |
| 1 Year Change | -22.57% |
| 3 Year Change | -20.05% |
| 5 Year Change | -28.38% |
| Change since IPO | 377.35% |
Recent News & Updates
NVE's (NASDAQ:NVEC) Dividend Will Be $1.00
The board of NVE Corporation ( NASDAQ:NVEC ) has announced that it will pay a dividend of $1.00 per share on the 31st...
NVE declares $1.00 dividend
NVE (NASDAQ:NVEC) declares $1.00/share quarterly dividend, in line with previous. Forward yield 8.23% Payable Aug. 31; for shareholders of record Aug. 1; ex-div July 29. See NVEC Dividend Scorecard, Yield Chart, & Dividend Growth.
Rare 8% Dividend Yield From Growing, Made-In-America Semiconductor Leader: NVE Corp.
NVE Corp. may be throwing off one of the smartest/safest dividend yields (above 8%) available to income investors in June 2022. The kicker is business prospects are strong, with the company seeing higher demand for its domestic production during the pandemic semiconductor shortages of 2021-22. Perhaps the lowest valuation of the stock in at least 15 years is now open to investors willing to step up to the plate.
Shareholder Returns
| NVEC | US Semiconductor | US Market | |
|---|---|---|---|
| 7D | -0.7% | 2.4% | 1.4% |
| 1Y | -22.6% | -3.2% | -8.4% |
Return vs Industry: NVEC underperformed the US Semiconductor industry which returned -3.2% over the past year.
Return vs Market: NVEC underperformed the US Market which returned -8.4% over the past year.
Price Volatility
| NVEC volatility | |
|---|---|
| NVEC Average Weekly Movement | 5.6% |
| Semiconductor Industry Average Movement | 8.6% |
| Market Average Movement | 7.6% |
| 10% most volatile stocks in US Market | 17.1% |
| 10% least volatile stocks in US Market | 3.1% |
Stable Share Price: NVEC is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 6% a week.
Volatility Over Time: NVEC's weekly volatility (6%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1989 | 48 | Daniel Baker | https://www.nve.com |
NVE Corporation develops and sells devices that use spintronics, a nanotechnology that relies on electron spin to acquire, store, and transmit information in the United States and internationally. The company manufactures spintronic products, including sensors and couplers for use in acquiring and transmitting data. Its products comprise standard sensors to detect the presence of a magnetic or metallic material to determine position or speed primarily for the factory automation market; and custom and medical sensors for medical devices to replace electromechanical magnetic switches.
NVE Fundamentals Summary
| NVEC fundamental statistics | |
|---|---|
| Market Cap | US$252.22m |
| Earnings (TTM) | US$15.07m |
| Revenue (TTM) | US$27.17m |
16.7x
P/E Ratio9.3x
P/S RatioIs NVEC overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| NVEC income statement (TTM) | |
|---|---|
| Revenue | US$27.17m |
| Cost of Revenue | US$6.15m |
| Gross Profit | US$21.02m |
| Other Expenses | US$5.96m |
| Earnings | US$15.07m |
Last Reported Earnings
Jun 30, 2022
Next Earnings Date
n/a
| Earnings per share (EPS) | 3.12 |
| Gross Margin | 77.38% |
| Net Profit Margin | 55.46% |
| Debt/Equity Ratio | 0% |
How did NVEC perform over the long term?
See historical performance and comparisonDividends
7.7%
Current Dividend Yield128%
Payout RatioValuation
Is NVEC undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score
2/6Valuation 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
Analyst Forecast
Key Valuation Metric
Which metric is best to use when looking at relative valuation for NVEC?
Other financial metrics that can be useful for relative valuation.
| What is NVEC's n/a Ratio? | |
|---|---|
| n/a Ratio | 0x |
| n/a | n/a |
| Market Cap | US$252.22m |
| Key Statistics | |
|---|---|
| Enterprise Value/Revenue | 7.3x |
| Enterprise Value/EBITDA | 11.5x |
| PEG Ratio | n/a |
Price to Earnings Ratio vs Peers
How does NVEC's PE Ratio compare to its peers?
| NVEC PE Ratio vs Peers |
|---|
| Company | PE | Estimated Growth | Market Cap |
|---|---|---|---|
| Peer Average | 27.6x | ||
MRAM Everspin Technologies | 18.4x | -19.8% | US$150.2m |
MX Magnachip Semiconductor | 7.9x | -12.9% | US$560.8m |
EMAN eMagin | 71.2x | n/a | US$62.1m |
OIIM O2Micro International | 12.9x | -56.4% | US$102.0m |
NVEC NVE | 16.7x | n/a | US$252.2m |
Price-To-Earnings vs Peers: NVEC is good value based on its Price-To-Earnings Ratio (16.7x) compared to the peer average (27.6x).
Price to Earnings Ratio vs Industry
How does NVEC's PE Ratio compare vs other companies in the US Semiconductor Industry?
Price-To-Earnings vs Industry: NVEC is good value based on its Price-To-Earnings Ratio (16.7x) compared to the US Semiconductor industry average (19.7x)
Price to Earnings Ratio vs Fair Ratio
What is NVEC'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.
| Fair Ratio | |
|---|---|
| Current PE Ratio | 16.7x |
| Fair PE Ratio | n/a |
Price-To-Earnings vs Fair Ratio: Insufficient data to calculate NVEC's Price-To-Earnings Fair Ratio for valuation analysis.
Share Price vs Fair Value
What is the Fair Price of NVEC when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: NVEC ($52.21) is trading above our estimate of fair value ($42.59)
Significantly Below Fair Value: NVEC is trading above our estimate of fair value.
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
Analyst Forecast: Insufficient data to show price forecast.
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Future Growth
How is NVE forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Future Growth Score
0/6Future Growth Score 0/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE
13.6%
Forecasted Semiconductors industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as NVE has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
Discover growth companies
- Check out NVE's track record over time to understand how much the company has returned to shareholders and its earnings growth rate in the past.
Past Performance
How has NVE performed over the past 5 years?
Past Performance Score
4/6Past Performance Score 4/6
Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE
-0.4%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: NVEC has high quality earnings.
Growing Profit Margin: NVEC's current net profit margins (55.5%) are higher than last year (53.7%).
Past Earnings Growth Analysis
Earnings Trend: NVEC's earnings have declined by 0.4% per year over the past 5 years.
Accelerating Growth: NVEC's earnings growth over the past year (17.2%) exceeds its 5-year average (-0.4% per year).
Earnings vs Industry: NVEC earnings growth over the past year (17.2%) underperformed the Semiconductor industry 59.7%.
Return on Equity
High ROE: NVEC's Return on Equity (23.7%) is considered high.
Discover strong past performing companies
Financial Health
How is NVE's financial position?
Financial Health Score
5/6Financial Health Score 5/6
Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Debt Coverage
Interest Coverage
Financial Position Analysis
Short Term Liabilities: NVEC's short term assets ($38.0M) exceed its short term liabilities ($1.1M).
Long Term Liabilities: NVEC's short term assets ($38.0M) exceed its long term liabilities ($411.4K).
Debt to Equity History and Analysis
Debt Level: NVEC has more cash than its total debt.
Reducing Debt: Insufficient data to determine if NVEC's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: NVEC's debt is well covered by operating cash flow (125344280%).
Interest Coverage: NVEC earns more interest than it pays, so coverage of interest payments is not a concern.
Balance Sheet
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Dividend
What is NVE current dividend yield, its reliability and sustainability?
Dividend Score
2/6Dividend Score 2/6
Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Cash Flow Coverage
7.66%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: NVEC's dividend (7.66%) is higher than the bottom 25% of dividend payers in the US market (1.47%).
High Dividend: NVEC's dividend (7.66%) is in the top 25% of dividend payers in the US market (3.97%)
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, NVEC has been paying a dividend for less than 10 years.
Growing Dividend: NVEC has only been paying a dividend for 7 years, and since then payments have not increased.
Earnings Payout to Shareholders
Earnings Coverage: With its high payout ratio (128.3%), NVEC's dividend payments are not well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its high cash payout ratio (160.3%), NVEC's dividend payments are not well covered by cash flows.
Discover strong dividend paying companies
Management
How experienced are the management team and are they aligned to shareholders interests?
21.6yrs
Average management tenure
CEO
Daniel Baker (64 yo)
21.58yrs
Tenure
US$697,587
Compensation
Dr. Daniel A. Baker, Ph.D. has been the President and Chief Executive Officer at NVE Corp. since January 2001. Dr. Baker was Interim Principal Financial Officer of NVE Corporation since January 3, 2022 unt...
CEO Compensation Analysis
Compensation vs Market: Daniel's total compensation ($USD697.59K) is below average for companies of similar size in the US market ($USD1.66M).
Compensation vs Earnings: Daniel's compensation has increased by more than 20% in the past year.
Leadership Team
Experienced Management: NVEC's management team is seasoned and experienced (21.6 years average tenure).
Board Members
Experienced Board: NVEC's board of directors are seasoned and experienced ( 18 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.
Top Shareholders
Company Information
NVE Corporation's employee growth, exchange listings and data sources
Key Information
- Name: NVE Corporation
- Ticker: NVEC
- Exchange: NasdaqCM
- Founded: 1989
- Industry: Semiconductors
- Sector: Semiconductors
- Implied Market Cap: US$252.217m
- Shares outstanding: 4.83m
- Website: https://www.nve.com
Number of Employees
Location
- NVE Corporation
- 11409 Valley View Road
- Eden Prairie
- Minnesota
- 55344
- United States
Listings
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2022/08/19 00:00 |
| End of Day Share Price | 2022/08/19 00:00 |
| Earnings | 2022/06/30 |
| Annual Earnings | 2022/03/31 |
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.