Digimarc
Market Cap
US$411.9m
Last Updated
2019/12/11 00:15 UTC
Data Sources
Company Financials +
Executive Summary
Digimarc Corporation provides media identification and management solutions to government and commercial customers in the United States and internationally.
Rewards
Risk Analysis
Earnings are forecast to decline by an average of -3.7% per year for the next 3 years
Currently unprofitable and not forecast to become profitable over the next 3 years
Snowflake Analysis
Flawless balance sheet with concerning outlook.
Similar Companies
Share Price & News
How has Digimarc's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: DMRC's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
4.4%
DMRC
0.2%
US Software
1.1%
US Market
1 Year Return
84.7%
DMRC
28.8%
US Software
17.8%
US Market
Return vs Industry: DMRC exceeded the US Software industry which returned 28.8% over the past year.
Return vs Market: DMRC exceeded the US Market which returned 17.8% over the past year.
Shareholder returns
| DMRC | Industry | Market | |
|---|---|---|---|
| 7 Day | 4.4% | 0.2% | 1.1% |
| 30 Day | -6.6% | 1.3% | 1.4% |
| 90 Day | -22.6% | 4.0% | 3.9% |
| 1 Year | 84.7%84.7% | 30.7%28.8% | 20.3%17.8% |
| 3 Year | 17.5%17.5% | 125.1%116.1% | 44.8%35.4% |
| 5 Year | 11.4%11.4% | 185.0%164.8% | 71.3%52.4% |
Price Volatility Vs. Market
How volatile is Digimarc's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 weeks ago | Simply Wall St
Do Institutions Own Shares In Digimarc Corporation (NASDAQ:DMRC)?1 month ago | Simply Wall St
Digimarc Corporation Just Reported Third-Quarter Earnings: Have Analysts Changed Their Mind On The Stock?1 month ago | Simply Wall St
We're Hopeful That Digimarc (NASDAQ:DMRC) Will Use Its Cash WiselyValuation
Is Digimarc undervalued compared to its fair value and its price relative to the market?
7.38x
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: Insufficient data to calculate DMRC's fair value to establish if it is undervalued.
Significantly Below Fair Value: Insufficient data to calculate DMRC's fair value to establish if it is undervalued.
Price To Earnings Ratio
PE vs Industry: DMRC is unprofitable, so we can't compare its PE Ratio to the Software industry average.
PE vs Market: DMRC is unprofitable, so we can't compare its PE Ratio to the US market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate DMRC's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: DMRC is overvalued based on its PB Ratio (7.4x) compared to the US Software industry average (5.7x).
Next Steps
Future Growth
How is Digimarc forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
-3.7%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: DMRC is forecast to remain unprofitable over the next 3 years.
Earnings vs Market: DMRC is forecast to remain unprofitable over the next 3 years.
High Growth Earnings: DMRC is forecast to remain unprofitable over the next 3 years.
Revenue vs Market: DMRC's revenue (15.7% per year) is forecast to grow faster than the US market (7.4% per year).
High Growth Revenue: DMRC's revenue (15.7% 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 DMRC's Return on Equity is forecast to be high in 3 years time
Next Steps
Past Performance
How has Digimarc performed over the past 5 years?
-17.1%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: DMRC is currently unprofitable.
Growing Profit Margin: DMRC is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: DMRC is unprofitable, and losses have increased over the past 5 years at a rate of -17.1% per year.
Accelerating Growth: Unable to compare DMRC's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: DMRC is unprofitable, making it difficult to compare its past year earnings growth to the Software industry (15.8%).
Return on Equity
High ROE: DMRC has a negative Return on Equity (-57.61%), as it is currently unprofitable.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is Digimarc's financial position?
Financial Position Analysis
Short Term Liabilities: DMRC's short term assets ($47.8M) exceed its short term liabilities ($5.0M).
Long Term Liabilities: DMRC's short term assets ($47.8M) exceed its long term liabilities ($2.7M).
Debt to Equity History and Analysis
Debt Level: DMRC is debt free.
Reducing Debt: DMRC has not had any debt for past 5 years.
Balance Sheet
Inventory Level: DMRC has a low level of unsold assets or inventory.
Debt Coverage by Assets: Insufficient data to determine if DMRC's debt is 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: DMRC has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: DMRC has sufficient cash runway for 1.641134 years if free cash flow continues to reduce at historical rates of -14.3% each year.
Next Steps
Dividend
What is Digimarc's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: Unable to evaluate DMRC's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate DMRC'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 DMRC's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if DMRC's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: DMRC is not paying a notable dividend for the US market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of DMRC'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 Digimarc's salary, the management and board of directors tenure and is there insider trading?
9.5yrs
Average management tenure
CEO
Bruce Davis (66yo)
11.5yrs
Tenure
US$2,233,854
Compensation
Mr. Bruce L. Davis has been the Chairman and Chief Executive Officer of Digimarc Corporation since June 18, 2008 and serves as its President. Mr. Davis has more than 25 years of experience establishing and ...
CEO Compensation Analysis
Compensation vs Market: Bruce's total compensation ($USD2.23M) is above average for companies of similar size in the US market ($USD1.69M).
Compensation vs Earnings: Bruce's compensation has been consistent with company performance over the past year.
Management Age and Tenure
9.5yrs
Average Tenure
59yo
Average Age
Experienced Management: DMRC's management team is seasoned and experienced (9.5 years average tenure).
Board Age and Tenure
8.0yrs
Average Tenure
64yo
Average Age
Experienced Board: DMRC's board of directors are considered experienced (8 years average tenure).
Insider Trading
Insider Buying: DMRC insiders have only sold shares in the past 3 months.
Recent Insider Transactions
| Entity | Individual |
| Shares | 2,000 |
| Max Price | US$35.00 |
| Entity | Individual |
| Shares | 1,000 |
| Max Price | US$33.00 |
| Entity | Individual |
| Role | Member of the Board of Directors Independent Director |
| Shares | 2,000 |
| Max Price | US$51.24 |
| Entity | Individual |
| Role | Member of the Board of Directors Independent Director |
| Shares | 2,000 |
| Max Price | US$50.26 |
| Entity | Individual |
| Shares | 1,398 |
| Max Price | US$63.02 |
| Entity | Individual |
| Role | Chief Legal Officer Executive VP |
| Shares | 3,688 |
| Max Price | US$60.46 |
| Entity | Individual |
| Role | Chief Legal Officer Executive VP |
| Shares | 8,062 |
| Max Price | US$60.06 |
| Entity | Individual |
| Role | Senior Key Executive Executive Vice President of Intellectual Property |
| Shares | 2,000 |
| Max Price | US$57.86 |
| Entity | Individual |
| Role | Chief Legal Officer Executive VP |
| Shares | 15,334 |
| Max Price | US$48.44 |
| Entity | Individual |
| Role | Chief Executive Officer President |
| Shares | 5,799 |
| Max Price | US$58.64 |
| Entity | Individual |
| Role | Chief Executive Officer President |
| Shares | 15,000 |
| Max Price | US$47.90 |
| Entity | Individual |
| Role | Lead Director Lead Director |
| Shares | 5,000 |
| Max Price | US$32.00 |
| Entity | Individual |
| Role | Lead Director Lead Director |
| Shares | 5,000 |
| Max Price | US$33.02 |
| Entity | Individual |
| Shares | 2,760 |
| Max Price | US$30.74 |
Ownership Breakdown
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 3.3%.
Management Team
Bruce Davis (66yo)
President
- Tenure: 11.5yrs
- Compensation: US$2.23m
Robert Chamness (66yo)
Executive VP
- Tenure: 16.6yrs
- Compensation: US$632.77k
Larry Logan
Chief Marketing Officer & Chief Evangelist
- Tenure: 0yrs
Joel Meyer (52yo)
Executive Vice President of Intellectual Property
- Tenure: 7.6yrs
- Compensation: US$632.77k
Charles Beck (41yo)
Executive VP
- Tenure: 6.1yrs
- Compensation: US$721.71k
Board Members
Bruce Davis (66yo)
President
- Tenure: 11.5yrs
- Compensation: US$2.23m
Bern Whitney (62yo)
Independent Director
- Tenure: 11.4yrs
- Compensation: US$164.00k
Gary Destefano (62yo)
Independent Director
- Tenure: 3.2yrs
- Compensation: US$157.75k
James Richardson (71yo)
Lead Director
- Tenure: 14.5yrs
- Compensation: US$169.00k
Dick King (69yo)
Independent Director
- Tenure: 4.6yrs
- Compensation: US$154.00k
Andy Walter (50yo)
Independent Director
- Tenure: 3.2yrs
- Compensation: US$150.25k
Company Information
Digimarc Corporation's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Digimarc Corporation
- Ticker: DMRC
- Exchange: NasdaqGS
- Founded: 2008
- Industry: Application Software
- Sector: Software
- Market Cap: US$411.931m
- Shares outstanding: 11.94m
- Website: https://www.digimarc.com
Number of Employees
Location
- Digimarc Corporation
- 9405 SW Gemini Drive
- Beaverton
- Oregon
- 97008
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| DMRC | NasdaqGS (Nasdaq Global Select) | Yes | Common Stock | US | USD | Oct 2008 |
Biography
Digimarc Corporation provides media identification and management solutions to government and commercial customers in the United States and internationally. It offers Digimarc Intuitive Computing Platform, ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/12/11 00:15 |
| End of Day Share Price | 2019/12/10 00:00 |
| Earnings | 2019/09/30 |
| Annual Earnings | 2018/12/31 |
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.