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Market Cap

US$279.7m

Last Updated

2021/04/11 23:12 UTC

Data Sources

Company Financials +

Executive Summary

Immersion Corporation, together with its subsidiaries, creates, designs, develops, and licenses haptic technologies that allow people to use their sense of touch to engage with and experience various digital products in North America, Europe, and Asia. More Details


Snowflake Analysis

Flawless balance sheet with reasonable growth potential.

Share Price & News

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


Latest Share Price and Events

Stable Share Price: IMMR is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 10% a week.

Volatility Over Time: IMMR's weekly volatility (10%) has been stable over the past year.


Market Performance


7 Day Return

-5.9%

IMMR

7.6%

US Tech

2.1%

US Market


1 Year Return

48.0%

IMMR

97.6%

US Tech

56.3%

US Market

Return vs Industry: IMMR underperformed the US Tech industry which returned 97.6% over the past year.

Return vs Market: IMMR underperformed the US Market which returned 56.3% over the past year.


Shareholder returns

IMMRIndustryMarket
7 Day-5.9%7.6%2.1%
30 Day-18.3%8.4%2.4%
90 Day-24.7%2.1%6.1%
1 Year48.0%48.0%99.3%97.6%59.1%56.3%
3 Year-22.4%-22.4%190.8%178.9%65.7%55.1%
5 Year11.2%11.2%366.3%323.1%122.3%97.6%

Long-Term Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

47.17x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate IMMR's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate IMMR's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: IMMR is poor value based on its PE Ratio (47.2x) compared to the US Tech industry average (28x).

PE vs Market: IMMR is poor value based on its PE Ratio (47.2x) compared to the US market (22.3x).


Price to Earnings Growth Ratio

PEG Ratio: IMMR is good value based on its PEG Ratio (0.9x)


Price to Book Ratio

PB vs Industry: IMMR is overvalued based on its PB Ratio (3.8x) compared to the US Tech industry average (3.5x).


Future Growth

How is Immersion forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

50.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: IMMR's forecast earnings growth (50.8% per year) is above the savings rate (2%).

Earnings vs Market: IMMR's earnings (50.8% per year) are forecast to grow faster than the US market (18.6% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: IMMR's revenue (18.3% per year) is forecast to grow faster than the US market (9.9% per year).

High Growth Revenue: IMMR's revenue (18.3% 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 IMMR's Return on Equity is forecast to be high in 3 years time


Past Performance

How has Immersion performed over the past 5 years?

12.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: IMMR has high quality earnings.

Growing Profit Margin: IMMR became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: IMMR has become profitable over the past 5 years, growing earnings by 12.1% per year.

Accelerating Growth: IMMR has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: IMMR has become profitable in the last year, making it difficult to compare its past year earnings growth to the Tech industry (-26.4%).


Return on Equity

High ROE: IMMR's Return on Equity (8.4%) is considered low.


Financial Health

How is Immersion's financial position?


Financial Position Analysis

Short Term Liabilities: IMMR's short term assets ($74.4M) exceed its short term liabilities ($8.8M).

Long Term Liabilities: IMMR's short term assets ($74.4M) exceed its long term liabilities ($23.4M).


Debt to Equity History and Analysis

Debt Level: IMMR is debt free.

Reducing Debt: IMMR has not had any debt for past 5 years.

Debt Coverage: IMMR has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: IMMR has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


Dividend

What is Immersion current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

High Dividend: Unable to evaluate IMMR'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 IMMR's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if IMMR'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 IMMR'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?

1.8yrs

Average management tenure


CEO

Jared Smith (58 yo)

0.42

Tenure

US$1,372,484

Compensation

Mr. Jared Smith serves as Interim Chief Executive Officer at Immersion Corporation since November 2020 and serves as its Vice President of Worldwide Sales since May 2019. He was Vice President, Strategic A...


CEO Compensation Analysis

Compensation vs Market: Jared's total compensation ($USD1.37M) is above average for companies of similar size in the US market ($USD959.82K).

Compensation vs Earnings: Insufficient data to compare Jared's compensation with company performance.


Leadership Team

Experienced Management: IMMR's management team is not considered experienced ( 1.8 years average tenure), which suggests a new team.


Board Members

Experienced Board: IMMR's board of directors are not considered experienced ( 1.7 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: IMMR insiders have only sold shares in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Immersion Corporation's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Immersion Corporation
  • Ticker: IMMR
  • Exchange: NasdaqGS
  • Founded: 1993
  • Industry: Technology Hardware, Storage and Peripherals
  • Sector: Tech
  • Market Cap: US$279.657m
  • Shares outstanding: 30.87m
  • Website: https://www.immersion.com

Number of Employees


Location

  • Immersion Corporation
  • 330 Townsend Street
  • Suite 234
  • San Francisco
  • California
  • 94107
  • United States

Listings


Biography

Immersion Corporation, together with its subsidiaries, creates, designs, develops, and licenses haptic technologies that allow people to use their sense of touch to engage with and experience various digit...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/04/11 23:12
End of Day Share Price2021/04/09 00:00
Earnings2020/12/31
Annual Earnings2020/12/31


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.