NeoPhotonics Corporation develops, manufactures, and sells optoelectronic products that transmit, receive, and switch high speed digital optical signals for communications networks.
Excellent balance sheet and fair value.
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 has not had significant price volatility in the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: NPTN exceeded the US Semiconductor industry which returned 32.3% over the past year.
Return vs Market: NPTN exceeded the US Market which returned 5.3% over the past year.
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
16 hours ago | Simply Wall StHow Should Investors Feel About NeoPhotonics' (NYSE:NPTN) CEO Remuneration?
2 weeks ago | Simply Wall StHere's Why We Think NeoPhotonics's (NYSE:NPTN) Statutory Earnings Might Be Conservative
1 month ago | Simply Wall StIs NeoPhotonics Corporation (NYSE:NPTN) Trading At A 36% Discount?
Is NeoPhotonics undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: NPTN ($8.54) is trading below our estimate of fair value ($14.27)
Significantly Below Fair Value: NPTN is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: NPTN is poor value based on its PE Ratio (123x) compared to the US Semiconductor industry average (36.6x).
PE vs Market: NPTN is poor value based on its PE Ratio (123x) compared to the US market (16.1x).
Price to Earnings Growth Ratio
PEG Ratio: NPTN is poor value based on its PEG Ratio (2x)
Price to Book Ratio
PB vs Industry: NPTN is good value based on its PB Ratio (2.5x) compared to the US Semiconductor industry average (3.1x).
How is NeoPhotonics forecast to perform in the next 1 to 3 years based on estimates from 10 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: NPTN's forecast earnings growth (61.1% per year) is above the savings rate (2.2%).
Earnings vs Market: NPTN's earnings (61.1% per year) are forecast to grow faster than the US market (22.5% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: NPTN's revenue (8.1% per year) is forecast to grow slower than the US market (9.2% per year).
High Growth Revenue: NPTN's revenue (8.1% 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 NPTN's Return on Equity is forecast to be high in 3 years time
How has NeoPhotonics performed over the past 5 years?
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 -35.2% 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 (-10.8%).
Return on Equity
High ROE: NPTN's Return on Equity (2%) is considered low.
How is NeoPhotonics's financial position?
Financial Position Analysis
Short Term Liabilities: NPTN's short term assets ($243.5M) exceed its short term liabilities ($110.1M).
Long Term Liabilities: NPTN's short term assets ($243.5M) exceed its long term liabilities ($64.5M).
Debt to Equity History and Analysis
Debt Level: NPTN's debt to equity ratio (24.3%) is considered satisfactory.
Reducing Debt: NPTN's debt to equity ratio has reduced from 40.1% to 24.3% over the past 5 years.
Debt Coverage: NPTN's debt is well covered by operating cash flow (125.4%).
Interest Coverage: NPTN's interest payments on its debt are not well covered by EBIT (2.8x coverage).
What is NeoPhotonics's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate NPTN's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate NPTN's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if NPTN's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if NPTN's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of NPTN's dividend in 3 years as they are not forecast to pay a notable one for the US market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Tim Jenks (65yo)
Mr. Timothy Storrs Jenks, also known as Tim, has been the President and Chief Executive Officer of Neophotonics Corp. since April 1998 and serves as the Chairman and has been its Director since April 1998. ...
CEO Compensation Analysis
Compensation vs Market: Tim's total compensation ($USD1.76M) is about average for companies of similar size in the US market ($USD2.16M).
Compensation vs Earnings: Tim's compensation has been consistent with company performance over the past year.
|Senior VP of Finance & CFO||2.92yrs||US$858.69k||0.53% $2.2m|
|COO & Senior VP||11.67yrs||US$871.12k||no data|
|Senior Vice President of Global Sales||2.33yrs||US$811.35k||0.078% $331.7k|
|Senior VP||7.75yrs||US$860.94k||0.22% $951.4k|
|VP & CTO||3.83yrs||no data||no data|
|Senior VP & General Counsel||0.33yr||no data||no data|
|Vice President of Marketing||17.67yrs||no data||no data|
|Senior Vice President of Human Resources||1.83yrs||no data||no data|
Experienced Management: NPTN's management team is considered experienced (3.8 years average tenure).
|Independent Director||16.33yrs||US$137.10k||0.022% $94.7k|
|Lead Independent Director||7.08yrs||US$149.20k||0.20% $837.0k|
|Independent Director||13.67yrs||US$152.60k||0.074% $315.9k|
|Independent Director & Member of Technical Advisory Board||10.17yrs||US$142.10k||0.072% $306.3k|
|Independent Director & Member of Technical Advisory Board||4.33yrs||US$142.60k||0.050% $214.1k|
|Independent Director||1yr||US$118.48k||0.022% $93.9k|
Experienced Board: NPTN's board of directors are considered experienced (6.7 years average tenure).
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
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 4.9%.
NeoPhotonics Corporation's company bio, employee growth, exchange listings and data sources
- Name: NeoPhotonics Corporation
- Ticker: NPTN
- Exchange: NYSE
- Founded: 1996
- Industry: Semiconductors
- Sector: Semiconductors
- Market Cap: US$425.640m
- Shares outstanding: 48.76m
- Website: https://www.neophotonics.com
Number of Employees
- NeoPhotonics Corporation
- 2911 Zanker Road
- San Jose
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|NPTN||NYSE (New York Stock Exchange)||Yes||Common Shares||US||USD||Feb 2011|
|4NO||DB (Deutsche Boerse AG)||Yes||Common Shares||DE||EUR||Feb 2011|
NeoPhotonics Corporation develops, manufactures, and sells optoelectronic products that transmit, receive, and switch high speed digital optical signals for communications networks. It offers high speed products, including transmitter, receiver, and switching products for 100G (gigabits per second) and optical transmission applications over distances of 2 to 2,000 kilometers; optical components for coherent systems, including narrow linewidth tunable transmit and local oscillator lasers (NLW-ITLA) that generate ultra-pure wavelength or color for coherent transmission, as well as coherent micro-modulators, which encode the information on the intensity and phase of the optical beam; and integrated coherent receivers (ICRs) that decode the phase and polarization encoded coherent signals. The company also engages in developing pluggable coherent modules that combine NLW-ITLA with ICR and a coherent modulator; and offers 100G products for the client side and datacenter applications. In addition, it offers network products and solutions, including application-specific passive optical functionalities in modules or sub-system configurations; transceiver modules for various low speed access and mobile backhaul applications; and products for test and measurement, instrumentation, industrial, and research applications. The company sells its products to network equipment manufacturers through a direct sales force in North America, Europe, and Asia. The company was formerly known as NanoGram Corporation and changed its name to NeoPhotonics Corporation in 2002. NeoPhotonics Corporation was founded in 1996 and is headquartered in San Jose, California.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/07/15 23:57|
|End of Day Share Price||2020/07/15 00:00|