NasdaqGS:IMMR

Stock Analysis Report

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Executive Summary

Immersion Corporation creates, designs, develops, and licenses haptic technologies 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 more volatile than 75% of US stocks over the past 3 months, typically moving +/- 13% a week.

Volatility Over Time: IMMR's weekly volatility (13%) has been stable over the past year, but is still higher than 75% of US stocks.


Market Performance


7 Day Return

8.0%

IMMR

7.4%

US Tech

-2.7%

US Market


1 Year Return

88.0%

IMMR

70.4%

US Tech

21.2%

US Market

Return vs Industry: IMMR exceeded the US Tech industry which returned 74.5% over the past year.

Return vs Market: IMMR exceeded the US Market which returned 24.3% over the past year.


Shareholder returns

IMMRIndustryMarket
7 Day8.0%7.4%-2.7%
30 Day52.9%4.3%1.8%
90 Day120.2%24.1%16.4%
1 Year88.0%88.0%72.0%70.4%23.9%21.2%
3 Year38.7%38.7%223.5%209.5%43.7%34.2%
5 Year82.3%82.3%487.9%430.6%124.3%99.2%

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?

7.18x

Price to Book (PB) 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 unprofitable, so we can't compare its PE Ratio to the US Tech industry average.

PE vs Market: IMMR 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 IMMR's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: IMMR is overvalued based on its PB Ratio (7.2x) compared to the US Tech industry average (2.8x).


Next Steps

Future Growth

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

214.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: IMMR is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2%).

Earnings vs Market: IMMR is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: IMMR's is expected to become profitable in the next 3 years.

Revenue vs Market: IMMR's revenue (16.6% per year) is forecast to grow faster than the US market (10.6% per year).

High Growth Revenue: IMMR's revenue (16.6% 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


Next Steps

Past Performance

How has Immersion performed over the past 5 years?

6.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: IMMR is currently unprofitable.

Growing Profit Margin: IMMR is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: IMMR is unprofitable, but has reduced losses over the past 5 years at a rate of 6.7% per year.

Accelerating Growth: Unable to compare IMMR's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: IMMR is unprofitable, making it difficult to compare its past year earnings growth to the Tech industry (-13.1%).


Return on Equity

High ROE: IMMR has a negative Return on Equity (-3.16%), as it is currently unprofitable.


Next Steps

Financial Health

How is Immersion's financial position?


Financial Position Analysis

Short Term Liabilities: IMMR's short term assets ($67.3M) exceed its short term liabilities ($8.5M).

Long Term Liabilities: IMMR's short term assets ($67.3M) exceed its long term liabilities ($24.9M).


Debt to Equity History and Analysis

Debt Level: IMMR is debt free.

Reducing Debt: IMMR has not had any debt for 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: IMMR has sufficient cash runway for more than 3 years based on its current free cash flow.

Forecast Cash Runway: IMMR has sufficient cash runway for more than 3 years if free cash flow continues to reduce at historical rates of 9.6% each year


Next Steps

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?

1.5yrs

Average management tenure


CEO

Jared Smith (58 yo)

0.17

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 ($USD1.37M) is about average for companies of similar size in the US market ($USD1.64M).

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


Leadership Team

NamePositionTenureCompensationOwnership
Jared Smith
Interim Chief Executive Officer & Vice President of Worldwide Sales0.17yrUS$1.37m0.072%
$ 277.4k
Leonard Wood
Chief Accounting Officer1.5yrsUS$271.66kno data
Michael Okada
General Counsel and Senior VP of IP Licensing & Legal Affairs1.58yrsUS$1.42m0.037%
$ 141.9k
Eric Singer
Executive Chairperson0.42yrno data0.085%
$ 327.8k
Aaron Akerman
CFO & Treasurer1yrno data0.058%
$ 226.8k
Chris Ullrich
Chief Technology Officer3yrsno datano data
John Griffin
Vice President of Products & Marketing1.67yrsno datano data
Sophie Laval
Head of Human Resources1yrno datano data
Todd Conroy
Senior Vice President of Research & Development1.58yrsno datano data

1.5yrs

Average Tenure

55yo

Average Age

Experienced Management: IMMR's management team is not considered experienced ( 1.5 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Eric Singer
Executive Chairperson0.42yrno data0.085%
$ 327.8k
Stephen Domenik
Independent Director0.83yrno data0.085%
$ 327.8k
William Martin
Independent Director1.42yrsUS$120.11k0.12%
$ 461.2k
Franz Fink
Independent Director0.83yrno data0.085%
$ 327.8k
Matthew Frey
Independent Director1.42yrsUS$121.64k0.12%
$ 461.2k
Sharon Holt
Independent Director4.42yrsUS$170.11k0.19%
$ 740.0k
Sumit Agarwal
Independent Director1.58yrsUS$131.08k0.17%
$ 654.7k

1.4yrs

Average Tenure

51yo

Average Age

Experienced Board: IMMR's board of directors are not considered experienced ( 1.4 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 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$387.894m
  • Shares outstanding: 26.94m
  • Website: https://www.immersion.com

Number of Employees


Location

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

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
IMMRNasdaqGS (Nasdaq Global Select)YesCommon StockUSUSDNov 1999
IMVDB (Deutsche Boerse AG)YesCommon StockDEEURNov 1999

Biography

Immersion Corporation creates, designs, develops, and licenses haptic technologies in North America, Europe, and Asia. Its technologies allow people to use their sense of touch to engage with various digit...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/01/27 23:57
End of Day Share Price2021/01/27 00:00
Earnings2020/09/30
Annual Earnings2019/12/31


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.