Immersion
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
Rewards
Risk Analysis
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
| IMMR | Industry | Market | |
|---|---|---|---|
| 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 Year | 48.0%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 Year | 11.2%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
2 weeks ago | Simply Wall St
If You Had Bought Immersion (NASDAQ:IMMR) Stock A Year Ago, You Could Pocket A 92% Gain Today1 month ago | Simply Wall St
Companies Like Immersion (NASDAQ:IMMR) Can Afford To Invest In Growth2 months ago | Simply Wall St
Are Institutions Heavily Invested In Immersion Corporation's (NASDAQ:IMMR) Shares?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
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/04/11 23:12 |
| End of Day Share Price | 2021/04/09 00:00 |
| Earnings | 2020/12/31 |
| Annual Earnings | 2020/12/31 |
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.