Harmonic
Market Cap
US$594.6m
Last Updated
2019/10/16 23:36 UTC
Data Sources
Company Financials +
Executive Summary
Harmonic Inc. designs, manufactures, and sells video infrastructure products and system solutions worldwide.
Snowflake
Fundamentals
Adequate balance sheet with concerning outlook.
Similar Companies
Share Price & News
How has Harmonic's share price performed over time and what events caused price changes?
Latest Share Price and Events
Market Performance
7 Day Return
10.2%
HLIT
0.8%
US Communications
2.3%
US Market
1 Year Return
21.3%
HLIT
-0.1%
US Communications
5.6%
US Market
Return vs Industry: HLIT exceeded the US Communications industry which returned -0.1% over the past year.
Return vs Market: HLIT exceeded the US Market which returned 5.6% over the past year.
Shareholder returns
| HLIT | Industry | Market | |
|---|---|---|---|
| 7 Day | 10.2% | 0.8% | 2.3% |
| 30 Day | -3.1% | -5.4% | -1.0% |
| 90 Day | -14.6% | -15.7% | -0.7% |
| 1 Year | 21.3%21.3% | 2.1%-0.1% | 7.9%5.6% |
| 3 Year | 22.9%22.9% | 51.2%41.8% | 45.6%36.3% |
| 5 Year | 9.1%9.1% | 93.7%73.5% | 65.8%47.6% |
Price Volatility Vs. Market
How volatile is Harmonic's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 weeks ago | Simply Wall St
The Harmonic (NASDAQ:HLIT) Share Price Has Gained 12% And Shareholders Are Hoping For More1 month ago | Simply Wall St
Here's What We Think About Harmonic Inc.'s (NASDAQ:HLIT) CEO Pay1 month ago | Simply Wall St
Harmonic Inc. (NASDAQ:HLIT): Are Analysts Optimistic?Valuation
Is Harmonic undervalued compared to its fair value and its price relative to the market?
2.79x
Price to Book (PB) ratio
Share Price vs. Fair Value
Undervalued: Insufficient data to calculate HLIT's fair value to establish if it is undervalued.
Significantly Undervalued: Insufficient data to calculate HLIT's fair value to establish if it is undervalued.
Price To Earnings Ratio
PE vs Industry: HLIT is unprofitable, so we can't compare its PE Ratio to the Communications industry average.
PE vs Market: HLIT is unprofitable, so we can't compare its PE Ratio to the US market.
Price to Earnings Growth Ratio
Low PEG Ratio: Insufficient data to calculate HLIT's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: HLIT is overvalued based on its PB Ratio (2.8x) compared to the US Communications industry average (1.9x).
Next Steps
Future Growth
How is Harmonic forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?
107.7%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: HLIT is forecast to remain unprofitable over the next 3 years.
Earnings vs Market: HLIT is forecast to remain unprofitable over the next 3 years.
High Growth Earnings: HLIT is forecast to remain unprofitable over the next 3 years.
Revenue vs Market: HLIT's revenue (12.2% per year) is forecast to grow faster than the US market (7.3% per year).
High Growth Revenue: HLIT's revenue (12.2% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
High Future ROE: Insufficient data to determine if HLIT's Return on Equity is forecast to be high in 3 years time
Next Steps
Past Performance
How has Harmonic performed over the past 5 years?
-7.9%
Historical annual earnings growth
Earnings and Revenue History
Past Earnings Growth Analysis
Earnings Trend: HLIT is unprofitable, and losses have increased over the past 5 years at a rate of -7.9% per year.
Accelerating Growth: Unable to compare HLIT's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: HLIT is unprofitable, making it difficult to compare its past year earnings growth to the Communications industry (22.8%).
Return on Equity
High ROE: HLIT has a negative Return on Equity (-13%), as it is currently unprofitable.
Return on Assets
ROA vs Industry: HLIT is currently unprofitable, so its Return on Assets is negative.
Return on Capital Employed
ROCE Improving: HLIT is currently unprofitable, so its Return on Capital Employed is negative.
Next Steps
Financial Health
How is Harmonic's financial position?
Financial Position Analysis
Short Term Liabilities: HLIT's short term assets ($185.5M) exceeds its short term liabilities ($138.3M)
Long Term Liabilities: HLIT's short term assets (185.5M) exceeds its long term liabilities (176.3M)
Debt to Equity History and Analysis
Debt Level: HLIT's debt to equity ratio (64.2%) is considered high
Reducing Debt: Insufficient data to determine if HLIT's debt to equity ratio has reduced over the past 5 years.
Balance Sheet
Inventory Level: HLIT has a low level of unsold assets or inventory.
Debt Coverage by Assets: HLIT's debt is covered by short term assets (assets are 1.363520x debt).
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: HLIT has sufficient cash runway for more than 3 years based on its current free cash flow.
Forecast Cash Runway: HLIT has sufficient cash runway for more than 3 years if free cash flow continues to grow at historical rates of 100.5% each year
Next Steps
Dividend
What is Harmonic's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Current dividend yield vs market & industry
Stability and Growth of Payments
Notable Dividend: Unable to evaluate HLIT's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate HLIT'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 HLIT's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if HLIT'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 HLIT'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 Harmonic's salary, the management and board of directors tenure and is there insider trading?
6.0yrs
Average management tenure
CEO
Patrick Harshman (54yo)
13.4yrs
Tenure
US$2,343,074
Compensation
Dr. Patrick J. Harshman has been the Chief Executive Officer and President of Harmonic Inc. since May 4, 2006. Dr. Harshman has driven Harmonic’s strategic re-positioning as the worldwide leader in video d ...
CEO Compensation Analysis
Compensation vs. Market: Patrick's total compensation ($USD2.34M) is about average for companies of similar size in the US market ($USD1.82M).
Compensation vs Earnings: Patrick's compensation has been consistent with company performance over the past year.
Management Age and Tenure
6.0yrs
Average Tenure
51yo
Average Age
Experienced Management: HLIT's management team is seasoned and experienced (6 years average tenure).
Board Age and Tenure
6.5yrs
Average Tenure
56yo
Average Age
Experienced Board: HLIT's board of directors are considered experienced (6.5 years average tenure).
Insider Trading
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Ownership Breakdown
Management Team
Patrick Harshman (54yo)
President
- Tenure: 13.4yrs
- Compensation: US$2.34m
Jeremy Rosenberg
Senior Vice President of Business Development
- Tenure: 2.8yrs
Neven Haltmayer (54yo)
Senior Vice President of R&D - Video Business
- Tenure: 8.6yrs
- Compensation: US$965.14k
Nimrod Ben-Natan (51yo)
Senior VP & GM of Cable Access Business
- Tenure: 7.3yrs
- Compensation: US$1.24m
Tim Chu (46yo)
General Counsel
- Tenure: 6yrs
Shahar Bar
Senior Vice President of Corporate Development
- Tenure: 0yrs
Sanjay Kalra (46yo)
Senior VP
- Tenure: 2.3yrs
- Compensation: US$1.02m
Eric Louvet
Senior VP of Global Sales & Video Services
- Tenure: 0.7yrs
Board Members
David Krall (59yo)
Director
- Tenure: 1.7yrs
- Compensation: US$204.66k
Susan Swenson (70yo)
Director
- Tenure: 7.7yrs
- Compensation: US$182.00k
Patrick Harshman (54yo)
President
- Tenure: 13.4yrs
- Compensation: US$2.34m
Pat Gallagher (64yo)
Chairman of the Board
- Tenure: 6.5yrs
- Compensation: US$209.50k
Nikos Theodosopoulos (56yo)
Director
- Tenure: 4.6yrs
- Compensation: US$187.00k
Mitzi Reaugh (41yo)
Director
- Tenure: 7.3yrs
- Compensation: US$164.00k
Debbie Clifford (45yo)
Director
- Tenure: 1yrs
- Compensation: US$169.81k
Company Information
Harmonic Inc.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Harmonic Inc.
- Ticker: HLIT
- Exchange: NasdaqGS
- Founded: 1988
- Industry: Communications Equipment
- Sector: Tech
- Market Cap: US$594.556m
- Shares outstanding: 89.61m
- Website: https://www.harmonicinc.com
Number of Employees
Location
- Harmonic Inc.
- 4300 North First Street
- San Jose
- California
- 95134
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| HLIT | NasdaqGS (Nasdaq Global Select) | Yes | Common Stock | US | USD | May 1995 |
| HMC | DB (Deutsche Boerse AG) | Yes | Common Stock | DE | EUR | May 1995 |
| 0J38 | LSE (London Stock Exchange) | Yes | Common Stock | GB | USD | May 1995 |
Biography
Harmonic Inc. designs, manufactures, and sells video infrastructure products and system solutions worldwide. Its products enable customers to create, prepare, and deliver a range of video and broadband ser ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/10/16 23:36 |
| End of Day Share Price | 2019/10/16 00:00 |
| Earnings | 2019/06/28 |
| 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.