AMEX:INTT

Stock Analysis Report

Executive Summary

inTEST Corporation designs, manufactures, and markets thermal management products and semiconductor automated test equipment interface solutions worldwide.

Rewards

Earnings are forecast to grow 75.03% per year

Became profitable this year

Risk Analysis

High level of non-cash earnings

Does not have a meaningful market cap ($59M)



Snowflake Analysis

Flawless balance sheet with moderate growth potential.


Similar Companies

Share Price & News

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


Latest Share Price and Events

Stable Share Price: INTT has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-0.7%

INTT

-1.0%

US Semiconductor

0.06%

US Market


1 Year Return

-26.5%

INTT

38.8%

US Semiconductor

19.4%

US Market

Return vs Industry: INTT underperformed the US Semiconductor industry which returned 38.8% over the past year.

Return vs Market: INTT underperformed the US Market which returned 19.4% over the past year.


Shareholder returns

INTTIndustryMarket
7 Day-0.7%-1.0%0.06%
30 Day-5.5%3.1%1.1%
90 Day7.2%14.9%8.9%
1 Year-26.5%-26.5%41.4%38.8%21.9%19.4%
3 Year15.7%15.7%91.3%81.0%48.9%39.3%
5 Year35.3%35.3%154.4%130.0%71.9%53.1%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

73.13x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate INTT's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate INTT's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: INTT is poor value based on its PE Ratio (73.1x) compared to the Semiconductor industry average (35.4x).

PE vs Market: INTT is poor value based on its PE Ratio (73.1x) compared to the US market (18.3x).


Price to Earnings Growth Ratio

PEG Ratio: INTT is good value based on its PEG Ratio (1x)


Price to Book Ratio

PB vs Industry: INTT is good value based on its PB Ratio (1.3x) compared to the US Semiconductor industry average (3.1x).


Next Steps

Future Growth

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

75.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: INTT's forecast earnings growth (75% per year) is above the savings rate (1.7%).

Earnings vs Market: INTT's earnings (75% per year) are forecast to grow faster than the US market (14.2% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: INTT's revenue (2.9% per year) is forecast to grow slower than the US market (7.6% per year).

High Growth Revenue: INTT's revenue (2.9% 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 INTT's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has inTEST performed over the past 5 years?

-15.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: INTT has a high level of non-cash earnings.

Growing Profit Margin: INTT became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: INTT's earnings have declined by -15.3% per year over the past 5 years.

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

Earnings vs Industry: INTT has become profitable in the last year, making it difficult to compare its past year earnings growth to the Semiconductor industry (-27.7%).


Return on Equity

High ROE: INTT's Return on Equity (1.8%) is considered low.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is inTEST's financial position?


Financial Position Analysis

Short Term Liabilities: INTT's short term assets ($25.9M) exceed its short term liabilities ($9.6M).

Long Term Liabilities: INTT's short term assets ($25.9M) exceed its long term liabilities ($6.9M).


Debt to Equity History and Analysis

Debt Level: INTT is debt free.

Reducing Debt: INTT has not had any debt for past 5 years.

Debt Coverage: INTT has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: INTT has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet

Inventory Level: INTT has a high level of physical assets or inventory.

Debt Coverage by Assets: Insufficient data to determine if INTT's debt is covered by short term assets.


Next Steps

Dividend

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


Dividend Yield vs Market

companyn/amarketbottom25%1.4%markettop25%3.7%industryaverage1.9%forecastin3Yearsn/a

Current dividend yield vs market & industry

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

High Dividend: Unable to evaluate INTT'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 INTT's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if INTT'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 INTT'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?

1.7yrs

Average board tenure


CEO

Jim Pelrin (67yo)

2.1yrs

Tenure

US$922,054

Compensation

Mr. James Pelrin, also known as Jim, has been President and Chief Executive Officer of inTEST Corp. since January 01, 2018. He has been a Director at inTEST Corp. since May 2017. He was an Executive Vice P ...


CEO Compensation Analysis

Compensation vs Market: Jim's total compensation ($USD922.05K) is above average for companies of similar size in the US market ($USD519.76K).

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


Board Members

NamePositionTenureCompensationOwnership
James Pelrin
President2.1yrsUS$922.05k1.39% $817.0k
Steven Abrams
Independent Director7.1yrsUS$117.60k0.41% $239.8k
Joseph Dews
Chair of the Board0.7yrsUS$117.60k0.41% $239.8k
Jeffrey Beck
Independent Director0.7yrsno data0.13% $77.1k
William Kraut
Lead Independent Director0yrsUS$132.60k0.39% $229.5k

1.7yrs

Average Tenure

56yo

Average Age

Experienced Board: INTT's board of directors are not considered experienced ( 1.7 years average tenure), which suggests a new board.


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

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


Key Information

  • Name: inTEST Corporation
  • Ticker: INTT
  • Exchange: AMEX
  • Founded: 1981
  • Industry: Semiconductor Equipment
  • Sector: Semiconductors
  • Market Cap: US$58.740m
  • Shares outstanding: 10.29m
  • Website: https://www.intest.com

Number of Employees


Location

  • inTEST Corporation
  • 41 Hampden Road
  • Mansfield
  • Massachusetts
  • 2048
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
INTTAMEX (NYSE MKT LLC)YesCommon StockUSUSDJun 1997

Biography

inTEST Corporation designs, manufactures, and markets thermal management products and semiconductor automated test equipment interface solutions worldwide. The company operates in two segments, Thermal Products (Thermal) and Electromechanical Semiconductor Products (EMS). The Thermal segment offers ThermoStream temperature management tools, MobileTemp systems, ThermoChambers, Thermal Platforms, Thermonics temperature conditioning products, and EKOHEAT and EASYHEAT induction heating systems. Its products are used to test semiconductor wafers and ICs, electronic components and assemblies, mechanical assemblies, and electromechanical assemblies. The EMS segment provides in2 and Cobal Series manipulators that hold various test heads and enable an operator to reposition a test head for alternate use with various probers or handlers on a test floor; and docking hardware products that protect the interface contacts and ensure repeatable and precise alignment between the test head's interface board and the prober's probing assembly or the handler's test socket. This segment also offers tester interfaces that provide electrical connections between the tester and the wafer prober or IC handler to carry the electrical signals between the tester and the probe card on the prober or the test socket on the handler. Its products are used in production testing of wafers and specialized packaged ICs in back-end testing by semiconductor manufacturers. The company markets and sells its products directly, as well as through ATE manufacturers, independent sales representatives, and distributors to semiconductor manufacturers, semiconductor test subcontractors, third-party foundries, test and assembly houses, and original equipment manufacturers. inTEST Corporation was founded in 1981 and is headquartered in Mansfield, Massachusetts. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/19 00:05
End of Day Share Price2020/02/18 00:00
Earnings2019/09/30
Annual Earnings2018/12/31


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.