NYSE:NPTN

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Executive Summary

NeoPhotonics Corporation develops, manufactures, and sells optoelectronic products that transmit, receive, and switch high speed digital optical signals for communications networks worldwide. More Details


Snowflake Analysis

Flawless balance sheet with acceptable track record.


Similar Companies

Share Price & News

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


Latest Share Price and Events

Stable Share Price: NPTN's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

1.6%

NPTN

-3.9%

US Semiconductor

-1.1%

US Market


1 Year Return

12.0%

NPTN

37.7%

US Semiconductor

15.0%

US Market

Return vs Industry: NPTN underperformed the US Semiconductor industry which returned 37.7% over the past year.

Return vs Market: NPTN underperformed the US Market which returned 15.6% over the past year.


Shareholder returns

NPTNIndustryMarket
7 Day1.6%-3.9%-1.1%
30 Day12.5%3.2%2.9%
90 Day-23.4%10.1%5.7%
1 Year12.0%12.0%40.2%37.7%17.6%15.0%
3 Year30.8%30.8%71.1%62.2%38.9%29.7%
5 Year-30.2%-30.2%224.9%193.6%78.4%58.4%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is NeoPhotonics undervalued compared to its fair value and its price relative to the market?

20.2x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: NPTN ($6.83) is trading above our estimate of fair value ($1)

Significantly Below Fair Value: NPTN is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: NPTN is good value based on its PE Ratio (20.2x) compared to the US Semiconductor industry average (39.2x).

PE vs Market: NPTN is poor value based on its PE Ratio (20.2x) compared to the US market (18.9x).


Price to Earnings Growth Ratio

PEG Ratio: NPTN's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: NPTN is good value based on its PB Ratio (1.9x) compared to the US Semiconductor industry average (3.3x).


Next Steps

Future Growth

How is NeoPhotonics forecast to perform in the next 1 to 3 years based on estimates from 10 analysts?

-51.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: NPTN's earnings are forecast to decline over the next 3 years (-51% per year).

Earnings vs Market: NPTN's earnings are forecast to decline over the next 3 years (-51% per year).

High Growth Earnings: NPTN's earnings are forecast to decline over the next 3 years.

Revenue vs Market: NPTN's revenue is expected to decline over the next 3 years (-2.8% per year).

High Growth Revenue: NPTN's revenue is forecast to decline over the next 3 years (-2.8% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: NPTN's Return on Equity is forecast to be low in 3 years time (2.3%).


Next Steps

Past Performance

How has NeoPhotonics performed over the past 5 years?

-23.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: NPTN has high quality earnings.

Growing Profit Margin: NPTN became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: NPTN has become profitable over the past 5 years, growing earnings by -23.1% per year.

Accelerating Growth: NPTN has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: NPTN has become profitable in the last year, making it difficult to compare its past year earnings growth to the Semiconductor industry (13.9%).


Return on Equity

High ROE: NPTN's Return on Equity (9.1%) is considered low.


Next Steps

Financial Health

How is NeoPhotonics's financial position?


Financial Position Analysis

Short Term Liabilities: NPTN's short term assets ($254.2M) exceed its short term liabilities ($110.1M).

Long Term Liabilities: NPTN's short term assets ($254.2M) exceed its long term liabilities ($59.5M).


Debt to Equity History and Analysis

Debt Level: NPTN's debt to equity ratio (20.2%) is considered satisfactory.

Reducing Debt: NPTN's debt to equity ratio has reduced from 21.5% to 20.2% over the past 5 years.

Debt Coverage: NPTN's debt is well covered by operating cash flow (165.6%).

Interest Coverage: NPTN's interest payments on its debt are well covered by EBIT (15x coverage).


Balance Sheet


Next Steps

Dividend

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


Dividend Yield vs Market

Notable Dividend: Unable to evaluate NPTN's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate NPTN's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if NPTN's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if NPTN'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 NPTN's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

4.1yrs

Average management tenure


CEO

Tim Jenks (65 yo)

22.5yrs

Tenure

US$1,757,935

Compensation

Mr. Timothy Storrs Jenks, also known as Tim, has been the President and Chief Executive Officer of Neophotonics Corp. since April 1998 and serves as the Chairman and has been its Director since April 1998. ...


CEO Compensation Analysis

Compensation vs Market: Tim's total compensation ($USD1.76M) is about average for companies of similar size in the US market ($USD1.93M).

Compensation vs Earnings: Tim's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Timothy Jenks
Chairman22.5yrsUS$1.76m0.86%
$ 2.9m
Elizabeth Eby
Senior VP of Finance & CFO3.17yrsUS$858.69k0.61%
$ 2.0m
Chi Cheung
COO & Senior VP11.92yrsUS$871.12kno data
Yang-Chiah Yee
Senior Vice President of Global Sales2.58yrsUS$811.35k0.093%
$ 313.8k
Wupen Yuen
Senior VP8yrsUS$860.94k0.24%
$ 820.0k
Winston Way
VP & CTO4.08yrsno datano data
Barbara Rogan
Senior VP & General Counsel0.58yrno datano data
G. Lipscomb
Vice President of Marketing17.92yrsno datano data
Mona Taylor
Senior Vice President of Human Resources2.08yrsno datano data

4.1yrs

Average Tenure

54.5yo

Average Age

Experienced Management: NPTN's management team is considered experienced (4.1 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Timothy Jenks
Chairman22.5yrsUS$1.76m0.86%
$ 2.9m
Bandel Carano
Independent Director16.58yrsUS$137.10k0.022%
$ 73.6k
Charles Abbe
Lead Independent Director7.33yrsUS$149.20k0.19%
$ 650.0k
Michael Sophie
Independent Director13.92yrsUS$152.60k0.073%
$ 245.3k
Rajiv Ramaswami
Independent Director & Member of Technical Advisory Board6.58yrsUS$142.10k0.071%
$ 237.9k
Ihab Tarazi
Independent Director & Member of Technical Advisory Board5yrsUS$142.60k0.049%
$ 166.2k
Yanbing Li
Independent Director1.25yrsUS$118.48k0.022%
$ 72.9k

7.0yrs

Average Tenure

58yo

Average Age

Experienced Board: NPTN's board of directors are considered experienced (7 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 been diluted in the past year, with total shares outstanding growing by 4.6%.


Top Shareholders

Company Information

NeoPhotonics Corporation's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: NeoPhotonics Corporation
  • Ticker: NPTN
  • Exchange: NYSE
  • Founded: 1996
  • Industry: Semiconductors
  • Sector: Semiconductors
  • Market Cap: US$336.053m
  • Shares outstanding: 49.57m
  • Website: https://www.neophotonics.com

Number of Employees


Location

  • NeoPhotonics Corporation
  • 3081 Zanker Road
  • San Jose
  • California
  • 95134
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
NPTNNYSE (New York Stock Exchange)YesCommon SharesUSUSDFeb 2011
4NODB (Deutsche Boerse AG)YesCommon SharesDEEURFeb 2011

Biography

NeoPhotonics Corporation develops, manufactures, and sells optoelectronic products that transmit, receive, and switch high speed digital optical signals for communications networks worldwide. It offers hig ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/28 00:16
End of Day Share Price2020/10/27 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.