EMCORE
Market Cap
US$218.4m
Last Updated
2021/04/19 22:07 UTC
Data Sources
Company Financials +
Executive Summary
EMCORE Corporation, together with its subsidiaries, provides advanced mixed-signal optics products in the United States, Canada, Asia, Europe, and internationally. More Details
Rewards
Risk Analysis
Snowflake Analysis
Excellent balance sheet with reasonable growth potential.
Similar Companies
Share Price & News
How has EMCORE's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: EMKR is more volatile than 75% of US stocks over the past 3 months, typically moving +/- 12% a week.
Volatility Over Time: EMKR's weekly volatility (12%) has been stable over the past year, but is still higher than 75% of US stocks.
Market Performance
7 Day Return
0.2%
EMKR
1.0%
US Communications
1.3%
US Market
1 Year Return
148.2%
EMKR
29.9%
US Communications
53.8%
US Market
Return vs Industry: EMKR exceeded the US Communications industry which returned 29.9% over the past year.
Return vs Market: EMKR exceeded the US Market which returned 53.9% over the past year.
Shareholder returns
| EMKR | Industry | Market | |
|---|---|---|---|
| 7 Day | 0.2% | 1.0% | 1.3% |
| 30 Day | -3.1% | 6.5% | 5.1% |
| 90 Day | 27.9% | 12.4% | 8.9% |
| 1 Year | 148.2%148.2% | 33.2%29.9% | 56.6%53.8% |
| 3 Year | 33.6%33.6% | 25.3%16.9% | 64.4%53.6% |
| 5 Year | 41.9%9.0% | 107.5%84.2% | 120.4%95.7% |
Long-Term Price Volatility Vs. Market
How volatile is EMCORE's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 days ago | Simply Wall St
What Is The Ownership Structure Like For EMCORE Corporation (NASDAQ:EMKR)?1 month ago | Simply Wall St
It's Unlikely That EMCORE Corporation's (NASDAQ:EMKR) CEO Will See A Huge Pay Rise This Year2 months ago | Simply Wall St
Loss-Making EMCORE Corporation (NASDAQ:EMKR) Set To BreakevenValuation
Is EMCORE undervalued compared to its fair value and its price relative to the market?
2.41x
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: Insufficient data to calculate EMKR's fair value to establish if it is undervalued.
Significantly Below Fair Value: Insufficient data to calculate EMKR's fair value to establish if it is undervalued.
Price To Earnings Ratio
PE vs Industry: EMKR is unprofitable, so we can't compare its PE Ratio to the US Communications industry average.
PE vs Market: EMKR 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 EMKR's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: EMKR is good value based on its PB Ratio (2.3x) compared to the US Communications industry average (2.5x).
Future Growth
How is EMCORE forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
90.8%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: EMKR is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2%).
Earnings vs Market: EMKR is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: EMKR's is expected to become profitable in the next 3 years.
Revenue vs Market: EMKR's revenue (9.4% per year) is forecast to grow faster than the US market (9.3% per year).
High Growth Revenue: EMKR's revenue (9.4% 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 EMKR's Return on Equity is forecast to be high in 3 years time
Past Performance
How has EMCORE performed over the past 5 years?
-51.4%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: EMKR is currently unprofitable.
Growing Profit Margin: EMKR is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: EMKR is unprofitable, and losses have increased over the past 5 years at a rate of 51.4% per year.
Accelerating Growth: Unable to compare EMKR's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: EMKR is unprofitable, making it difficult to compare its past year earnings growth to the Communications industry (-4%).
Return on Equity
High ROE: EMKR has a negative Return on Equity (-3.99%), as it is currently unprofitable.
Financial Health
How is EMCORE's financial position?
Financial Position Analysis
Short Term Liabilities: EMKR's short term assets ($92.8M) exceed its short term liabilities ($28.9M).
Long Term Liabilities: EMKR's short term assets ($92.8M) exceed its long term liabilities ($21.7M).
Debt to Equity History and Analysis
Debt Level: EMKR's debt to equity ratio (8.4%) is considered satisfactory.
Reducing Debt: Insufficient data to determine if EMKR's debt to equity ratio has reduced over the past 5 years.
Balance Sheet
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: EMKR has sufficient cash runway for more than 3 years based on its current free cash flow.
Forecast Cash Runway: EMKR has sufficient cash runway for more than 3 years if free cash flow continues to reduce at historical rates of 14.4% each year
Dividend
What is EMCORE current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate EMKR's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate EMKR'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 EMKR's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if EMKR'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 EMKR'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?
3.9yrs
Average management tenure
CEO
Jeff Rittichier (60 yo)
6.25yrs
Tenure
US$2,067,136
Compensation
Mr. Jeffrey S. Rittichier, also known as Jeff, has been the Chief Executive Officer of EMCORE Corporation since January 3, 2015 and serves as its President. Mr. Rittichier has an extensive record of accomp...
CEO Compensation Analysis
Compensation vs Market: Jeff's total compensation ($USD2.07M) is above average for companies of similar size in the US market ($USD1.01M).
Compensation vs Earnings: Jeff's compensation has increased whilst the company is unprofitable.
Leadership Team
Experienced Management: EMKR's management team is considered experienced (3.9 years average tenure).
Board Members
Experienced Board: EMKR's board of directors are not considered experienced ( 1.8 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 been diluted in the past year, with total shares outstanding growing by 26.7%.
Top Shareholders
Company Information
EMCORE Corporation's company bio, employee growth, exchange listings and data sources
Key Information
- Name: EMCORE Corporation
- Ticker: EMKR
- Exchange: NasdaqGM
- Founded: 1984
- Industry: Communications Equipment
- Sector: Tech
- Market Cap: US$218.450m
- Shares outstanding: 36.84m
- Website: https://www.emcore.com
Number of Employees
Location
- EMCORE Corporation
- 2015 West Chestnut Street
- Alhambra
- California
- 91803
- United States
Listings
Biography
EMCORE Corporation, together with its subsidiaries, provides advanced mixed-signal optics products in the United States, Canada, Asia, Europe, and internationally. The company offers cable television (CATV...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/04/19 22:07 |
| End of Day Share Price | 2021/04/19 00:00 |
| Earnings | 2020/12/31 |
| Annual Earnings | 2020/09/30 |
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.