OTCPK:SPVN.F

Stock Analysis Report

Executive Summary

Spectra7 Microsystems Inc. operates as an analog semiconductor company in Canada and China.

Snowflake

Fundamentals

Limited growth with weak fundamentals.

Share Price & News

How has Spectra7 Microsystems's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

9.5%

SPVN.F

3.0%

US Semiconductor

1.8%

US Market


1 Year Return

-68.3%

SPVN.F

20.6%

US Semiconductor

7.3%

US Market

Return vs Industry: SPVN.F underperformed the US Semiconductor industry which returned 20.6% over the past year.

Return vs Market: SPVN.F underperformed the US Market which returned 7.3% over the past year.


Shareholder returns

SPVN.FIndustryMarket
7 Day9.5%3.0%1.8%
30 Day9.5%-0.02%-0.7%
90 Day-3.8%4.7%0.06%
1 Year-68.3%-68.3%22.9%20.6%9.7%7.3%
3 Year-87.3%-87.3%82.2%71.5%46.3%36.9%
5 Year-95.2%-95.2%137.4%112.9%64.5%46.5%

Price Volatility Vs. Market

How volatile is Spectra7 Microsystems's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Spectra7 Microsystems undervalued compared to its fair value and its price relative to the market?


In this section, we usually try to help investors determine whether Spectra7 Microsystems is trading at an attractive price based on the cash flow it is expected to produce in the future. But as Spectra7 Microsystems has not provided consistent financial data, and the stock also has no analyst forecast or coverage, its intrinsic value cannot be reliably calculated by extrapolating past data or using analyst consensus cash flow predictions.

This is quite a rare situation as 89% of companies covered by Simply Wall St do have a valuation analysis.


Next Steps

  • Take a look at our analysis of SPVN.F’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  • When valuing a company like this, investors focus more on how they perceive the size of the opportunity, the company's ability to deliver and scale, and the strength of the team. While we are not analysing this type of data at the moment, if you don’t know where to start, we recommend reading through Spectra7 Microsystems regulatory filings here.
  • Explore potentially undervalued companies in the Semiconductors industry.

Future Growth

How is Spectra7 Microsystems forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

80.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: SPVN.F is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: SPVN.F is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: SPVN.F is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: SPVN.F's revenue (76.6% per year) is forecast to grow faster than the US market (7.3% per year).

High Growth Revenue: SPVN.F's revenue (76.6% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

High Future ROE: Insufficient data to determine if SPVN.F's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Spectra7 Microsystems performed over the past 5 years?

-3.8%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: SPVN.F is unprofitable, and losses have increased over the past 5 years at a rate of -3.8% per year.

Accelerating Growth: Unable to compare SPVN.F's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: SPVN.F is unprofitable, making it difficult to compare its past year earnings growth to the Semiconductor industry (-6.2%).


Return on Equity

High ROE: SPVN.F's liabilities exceed its assets, so it is difficult to calculate its Return on Equity.


Return on Assets

ROA vs Industry: SPVN.F is currently unprofitable, so its Return on Assets is negative.


Return on Capital Employed

ROCE Improving: SPVN.F is currently unprofitable, so its Return on Capital Employed is negative.


Next Steps

Financial Health

How is Spectra7 Microsystems's financial position?


Financial Position Analysis

Short Term Liabilities: SPVN.F has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.

Long Term Liabilities: SPVN.F has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.


Debt to Equity History and Analysis

Debt Level: SPVN.F has negative shareholder equity, which is a more serious situation than a high debt level.

Reducing Debt: SPVN.F's has negative shareholder equity, so we do not need to check if its debt has reduced over time.


Balance Sheet

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

Debt Coverage by Assets: SPVN.F has negative shareholder equity (liabilities exceed assets) therefore debt is not covered by short term assets.


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: SPVN.F has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: SPVN.F has less than a year of cash runway if free cash flow continues to grow at historical rates of 12.3% each year.


Next Steps

Dividend

What is Spectra7 Microsystems's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%1.5%markettop25%3.7%industryaverage2.2%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

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

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

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

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


Next Steps

Management

What is the CEO of Spectra7 Microsystems's salary, the management and board of directors tenure and is there insider trading?

3.1yrs

Average management tenure


CEO

Raouf Halim (59yo)

3.1yrs

Tenure

US$1,789,067

Compensation

Mr. Raouf Y. Halim is a Co-Founder of icClarity, Inc., and served as its Chief Executive Officer since December 2013 until November 14, 2016. Mr. Halim has been Chief Executive Officer and President of Spe ...


CEO Compensation Analysis

Compensation vs. Market: Raouf's total compensation ($USD1.36M) is about average for companies of similar size in the US market ($USD491.38K).

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


Management Age and Tenure

3.1yrs

Average Tenure

59yo

Average Age

Experienced Management: SPVN.F's management team is considered experienced (3.1 years average tenure).


Board Age and Tenure

5.8yrs

Average Tenure

58.5yo

Average Age

Experienced Board: SPVN.F's board of directors are considered experienced (5.8 years average tenure).


Insider Trading

Insider Buying: SPVN.F insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

BuyUS$46,86923 Aug 19
Darren Ma
EntityIndividual
Role
Chief Financial Officer
Chief Financial Officer
Shares1,244,229
Max PriceUS$0.038
BuyUS$388,89123 Aug 19
Ronald Pasek
EntityIndividual
Role
Chairman of the Board
Independent Chairman of the Board
Shares10,323,888
Max PriceUS$0.038
BuyUS$74,18823 Aug 19
John Vettese
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares1,969,480
Max PriceUS$0.038
BuyUS$19,33223 Aug 19
Brian Antonen
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares513,219
Max PriceUS$0.038
BuyUS$70,06123 Aug 19
Roger Maggs
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares1,859,916
Max PriceUS$0.038
BuyUS$148,58223 Aug 19
Raouf Halim
EntityIndividual
Role
Chief Executive Officer
Shares3,944,400
Max PriceUS$0.038
BuyUS$121,12523 Aug 19
Robert Dobkin
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares3,215,501
Max PriceUS$0.038
SellUS$5,84022 Feb 19
Raouf Halim
EntityIndividual
Role
Chief Executive Officer
Shares76,126
Max PriceUS$0.077
SellUS$2522 Feb 19
Roger Maggs
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares328
Max PriceUS$0.077
SellUS$1,18222 Feb 19
Brian Antonen
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares15,405
Max PriceUS$0.077
SellUS$97322 Feb 19
John Vettese
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares12,686
Max PriceUS$0.077
SellUS$1,40222 Feb 19
Andrew Kim
EntityIndividual
Role
Chief Technology Officer
VP of Engineering & CTO
Shares18,273
Max PriceUS$0.077
SellUS$3,90222 Feb 19
Darren Ma
EntityIndividual
Role
Chief Financial Officer
Chief Financial Officer
Shares50,860
Max PriceUS$0.077
SellUS$1,44622 Feb 19
Ebrahim Abunasrah
EntityIndividual
Shares18,854
Max PriceUS$0.077
SellUS$2522 Feb 19
Robert Dobkin
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares328
Max PriceUS$0.077
SellUS$2522 Feb 19
Ronald Pasek
EntityIndividual
Role
Chairman of the Board
Independent Chairman of the Board
Shares328
Max PriceUS$0.077
SellUS$7,43303 Jan 19
Ebrahim Abunasrah
EntityIndividual
Shares160,725
Max PriceUS$0.046
SellUS$42903 Jan 19
John Vettese
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares5,688
Max PriceUS$0.075
SellUS$14003 Jan 19
Brian Antonen
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares1,860
Max PriceUS$0.075
SellUS$50,43620 Dec 18
Raouf Halim
EntityIndividual
Role
Chief Executive Officer
Shares725,793
Max PriceUS$0.069
SellUS$63,08214 Dec 18
Raouf Halim
EntityIndividual
Role
Chief Executive Officer
Shares800,000
Max PriceUS$0.079
SellUS$3,46511 Dec 18
Gerald Hamilton
EntityIndividual
Role
Head of Sales
Senior Vice President of Worldwide Sales
Shares40,071
Max PriceUS$0.086
SellUS$49211 Dec 18
John Vettese
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares5,688
Max PriceUS$0.086
SellUS$56411 Dec 18
John Mitchell
EntityIndividual
Role
Head of Marketing
Chief Marketing Officer
Shares6,519
Max PriceUS$0.086
SellUS$6,27611 Dec 18
Darren Ma
EntityIndividual
Role
Chief Financial Officer
Chief Financial Officer
Shares72,576
Max PriceUS$0.086
SellUS$94711 Dec 18
Ebrahim Abunasrah
EntityIndividual
Shares10,951
Max PriceUS$0.086
SellUS$16111 Dec 18
Brian Antonen
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares1,860
Max PriceUS$0.086

Ownership Breakdown


Management Team

  • Raouf Halim (59yo)

    • Tenure: 3.1yrs
    • Compensation: US$1.79m
  • Jerry Hamilton (65yo)

    Senior Vice President of Worldwide Sales

    • Tenure: 2.4yrs
    • Compensation: US$363.27k
  • John Mitchell

    Chief Marketing Officer

    • Tenure: 4.4yrs
    • Compensation: US$277.53k
  • Andrew Kim

    VP of Engineering & CTO

    • Tenure: 6.7yrs
    • Compensation: US$263.88k
  • Darren Ma (40yo)

    Chief Financial Officer

    • Tenure: 1.9yrs
    • Compensation: US$518.09k

Board Members

  • Bob Dobkin (75yo)

    Independent Director

    • Tenure: 6.7yrs
    • Compensation: US$101.32k
  • Raouf Halim (59yo)

    • Tenure: 3.1yrs
    • Compensation: US$1.79m
  • Roger Maggs (73yo)

    Independent Director

    • Tenure: 6.7yrs
    • Compensation: US$97.73k
  • Brian Antonen (54yo)

    Independent Director

    • Tenure: 6.7yrs
    • Compensation: US$101.25k
  • John Vettese (50yo)

    Independent Director

    • Tenure: 4.9yrs
    • Compensation: US$104.67k
  • Ron Pasek (58yo)

    Independent Chairman of the Board

    • Tenure: 3.8yrs
    • Compensation: US$122.51k

Company Information

Spectra7 Microsystems Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Spectra7 Microsystems Inc.
  • Ticker: SPVN.F
  • Exchange: OTCPK
  • Founded:
  • Industry: Semiconductors
  • Sector: Semiconductors
  • Market Cap: CA$14.064m
  • Listing Market Cap: CA$10.710m
  • Shares outstanding: 401.84m
  • Website: https://www.spectra7.com

Number of Employees


Location

  • Spectra7 Microsystems Inc.
  • 2550 North First Street
  • Suite 500
  • San Jose
  • California
  • 95131
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
SEVTSX (The Toronto Stock Exchange)YesCommon SharesCACADFeb 2013
SPVN.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDFeb 2013
7M0DB (Deutsche Boerse AG)YesCommon SharesDEEURFeb 2013
7M0BST (Boerse-Stuttgart)YesCommon SharesDEEURFeb 2013

Biography

Spectra7 Microsystems Inc. operates as an analog semiconductor company in Canada and China. The company offers virtual reality (VR) products, including VR7050 to enable lightweight and ultra-thin active in ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/18 00:28
End of Day Share Price2019/10/17 00:00
Earnings2019/06/30
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.