EMCORE
Market Cap
US$62.2m
Last Updated
2020/04/09 00:16 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.
Rewards
Risk Analysis
Currently unprofitable and not forecast to become profitable over the next 3 years
+ 1 more risk
Snowflake Analysis
Fair value with mediocre balance sheet.
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's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
-0.9%
EMKR
9.7%
US Communications
9.4%
US Market
1 Year Return
-48.2%
EMKR
-24.5%
US Communications
-6.8%
US Market
Return vs Industry: EMKR underperformed the US Communications industry which returned -24.7% over the past year.
Return vs Market: EMKR underperformed the US Market which returned -8.1% over the past year.
Shareholder returns
| EMKR | Industry | Market | |
|---|---|---|---|
| 7 Day | -0.9% | 9.7% | 9.4% |
| 30 Day | -13.7% | 9.1% | -3.9% |
| 90 Day | -37.2% | -11.4% | -16.5% |
| 1 Year | -48.2%-48.2% | -22.7%-24.5% | -4.8%-6.8% |
| 3 Year | -74.8%-74.8% | 22.6%14.8% | 23.4%15.2% |
| 5 Year | -50.5%-62.0% | 47.1%30.5% | 41.3%25.7% |
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
6 days ago | Simply Wall St
If You Had Bought EMCORE (NASDAQ:EMKR) Stock Three Years Ago, You'd Be Sitting On A 75% Loss, Today1 month ago | Simply Wall St
Do Insiders Own Lots Of Shares In EMCORE Corporation (NASDAQ:EMKR)?1 month ago | Simply Wall St
EMCORE Corporation Analysts Are Pretty Bullish On The Stock After Recent ResultsValuation
Is EMCORE undervalued compared to its fair value and its price relative to the market?
>50%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: EMKR ($2.14) is trading below our estimate of fair value ($8.39)
Significantly Below Fair Value: EMKR is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: EMKR is unprofitable, so we can't compare its PE Ratio to the 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 (0.8x) compared to the US Communications industry average (1.4x).
Next Steps
Future Growth
How is EMCORE forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
103.3%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: EMKR is forecast to remain unprofitable over the next 3 years.
Earnings vs Market: EMKR is forecast to remain unprofitable over the next 3 years.
High Growth Earnings: EMKR is forecast to remain unprofitable over the next 3 years.
Revenue vs Market: EMKR's revenue (16.8% per year) is forecast to grow faster than the US market (6.9% per year).
High Growth Revenue: EMKR's revenue (16.8% 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
Next Steps
Past Performance
How has EMCORE performed over the past 5 years?
-69.4%
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 -69.4% 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 (-13.2%).
Return on Equity
High ROE: EMKR has a negative Return on Equity (-41.75%), as it is currently unprofitable.
Next Steps
Financial Health
How is EMCORE's financial position?
Financial Position Analysis
Short Term Liabilities: EMKR's short term assets ($68.0M) exceed its short term liabilities ($25.0M).
Long Term Liabilities: EMKR's short term assets ($68.0M) exceed its long term liabilities ($5.9M).
Debt to Equity History and Analysis
Debt Level: EMKR's debt to equity ratio (5.9%) 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 less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: Insufficient data to determine if EMKR has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.
Next Steps
Dividend
What is EMCORE's 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 payouts.
High Dividend: Unable to evaluate EMKR'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 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?
3.0yrs
Average management tenure
CEO
Jeff Rittichier (59yo)
5.25s
Tenure
US$1,390,711
Compensation
Mr. Jeffrey S. Rittichier, also known as Jeff, has been the Chief Executive Officer of EMCORE Corporation since January 3, 2015 and serves as its President. Mr. Rittichier has an extensive record of accomp ...
CEO Compensation Analysis
Compensation vs Market: Jeff's total compensation ($USD1.39M) is above average for companies of similar size in the US market ($USD614.05K).
Compensation vs Earnings: Jeff's compensation has increased whilst the company is unprofitable.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO, President & Director | 5.25yrs | US$1.39m | 0.83% $514.3k | |
| Senior Vice President of Operations | 2yrs | US$445.94k | 0.026% $16.3k | |
| Senior Vice President of Engineering | 3.08yrs | US$466.12k | 0.072% $44.7k | |
| Chief Financial Officer | 0.67yr | no data | no data | |
| Director of Accounting | 1.25yrs | no data | no data | |
| Chief Technology Officer | 5.25yrs | no data | no data | |
| VP, General Counsel & Secretary | no data | no data | no data | |
| Vice President of Sales | 4.92yrs | US$440.32k | no data | |
| Vice President of Marketing | no data | no data | no data | |
| Vice President of Corporate Development | 2.92yrs | no data | no data |
3.0yrs
Average Tenure
56yo
Average Age
Experienced Management: EMKR's management team is considered experienced (3 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO, President & Director | 5.25yrs | US$1.39m | 0.83% $514.3k | |
| Independent Chairman of the Board | 0.25yr | US$111.98k | 0.19% $117.2k | |
| Independent Director | 4.33yrs | US$123.48k | 0.13% $79.2k | |
| Independent Director | 0.58yr | US$34.08k | 0.035% $21.8k | |
| Independent Director | 0.83yr | US$57.98k | 0.045% $27.8k |
0.8yrs
Average Tenure
59yo
Average Age
Experienced Board: EMKR's board of directors are not considered experienced ( 0.8 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: EMKR 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 3.3%.
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$62.229m
- Shares outstanding: 29.08m
- Website: https://www.emcore.com
Number of Employees
Location
- EMCORE Corporation
- 2015 West Chestnut Street
- Alhambra
- California
- 91803
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| EMKR | NasdaqGM (Nasdaq Global Market) | Yes | Common Stock | US | USD | Mar 1997 |
| ER2N | DB (Deutsche Boerse AG) | Yes | Common Stock | DE | EUR | Mar 1997 |
| ER2N | BRSE (Berne Stock Exchange) | Yes | Common Stock | CH | CHF | Mar 1997 |
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) products, including forward and return-path analog lasers, receivers, photodetectors, and subassembly components; and analog and digital fiber-optic transmitters, quadrature amplitude modulation transmitters, optical switches, and CATV fiber amplifiers for the CATV, satellite communications, and wireless markets. It also provides high-power gain chips products, photodiode products, and GPON fiber-to-the-premises (FTTP) and data center chip products for the telecommunications, FTTP, long-term evolution, and data center markets. In addition, the company offers navigation systems products, such as fiber optic gyroscope, quartz MEMS gyroscope, and inertial measurement unit and navigation system primarily for the aerospace and defense markets. It sells its products through direct sales force, application engineers, third party sales representatives, and distributors. EMCORE Corporation was founded in 1984 and is headquartered in Alhambra, California.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/04/09 00:16 |
| End of Day Share Price | 2020/04/08 00:00 |
| Earnings | 2019/12/31 |
| Annual Earnings | 2019/09/30 |
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.