NasdaqCM:INVE

Stock Analysis Report

Executive Summary

Identiv, Inc. operates as a security technology company that secures data, physical places, and things worldwide.

Snowflake

Fundamentals

Excellent balance sheet and slightly overvalued.


Similar Companies

Share Price & News

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


Latest Share Price and Events


Market Performance


7 Day Return

-2.9%

INVE

1.1%

US Electronic

1.3%

US Market


1 Year Return

-18.4%

INVE

10.2%

US Electronic

5.9%

US Market

Return vs Industry: INVE underperformed the US Electronic industry which returned 10.2% over the past year.

Return vs Market: INVE underperformed the US Market which returned 5.9% over the past year.


Shareholder returns

INVEIndustryMarket
7 Day-2.9%1.1%1.3%
30 Day-6.2%-2.5%-1.9%
90 Day0.4%0.3%-1.8%
1 Year-18.4%-18.4%11.3%10.2%8.3%5.9%
3 Year118.0%118.0%52.5%48.2%45.6%36.2%
5 Year-50.1%-50.1%89.0%79.9%66.1%47.9%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Undervalued: INVE ($4.73) is trading below our estimate of fair value ($23.13)

Significantly Undervalued: INVE is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: INVE is unprofitable, so we can't compare its PE Ratio to the Electronic industry average.

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


Price to Book Ratio

PB vs Industry: INVE is overvalued based on its PB Ratio (2.2x) compared to the US Electronic industry average (2x).


Next Steps

Future Growth

How is Identiv forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?

112.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: INVE is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: INVE is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: INVE is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: INVE's revenue (13.3% per year) is forecast to grow faster than the US market (7.3% per year).

High Growth Revenue: INVE's revenue (13.3% 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 INVE's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Identiv performed over the past 5 years?

31.0%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: INVE is unprofitable, but has reduced losses over the past 5 years at a rate of 31% per year.

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

Earnings vs Industry: INVE is unprofitable, making it difficult to compare its past year earnings growth to the Electronic industry (58.6%).


Return on Equity

High ROE: INVE has a negative Return on Equity (-0.16%), as it is currently unprofitable.


Return on Assets

ROA vs Industry: INVE is currently unprofitable, so its Return on Assets is negative.


Return on Capital Employed

ROCE Improving: INVE is currently unprofitable, so its Return on Capital Employed is negative.


Next Steps

Financial Health

How is Identiv's financial position?


Financial Position Analysis

Short Term Liabilities: INVE's short term assets ($45.2M) exceeds its short term liabilities ($34.0M)

Long Term Liabilities: INVE's short term assets (45.2M) exceeds its long term liabilities (6.3M)


Debt to Equity History and Analysis

Debt Level: INVE's debt to equity ratio (37.2%) is considered satisfactory

Reducing Debt: INVE's debt to equity ratio has reduced from 66.5% to 37.2% over the past 5 years.


Balance Sheet

Inventory Level: INVE has a high level of physical assets or inventory.

Debt Coverage by Assets: INVE's debt is covered by short term assets (assets are 3.418240x 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: INVE has sufficient cash runway for more than 3 years based on its current free cash flow.

Forecast Cash Runway: Insufficient data to determine if INVE has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.


Next Steps

Dividend

What is Identiv's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%1.5%markettop25%3.8%industryaverage1.6%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

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

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

Growing Dividend: Insufficient data to determine if INVE'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 INVE'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 Identiv's salary, the management and board of directors tenure and is there insider trading?

4.1yrs

Average management tenure


CEO

Steve Humphreys (58yo)

4.1yrs

Tenure

US$548,297

Compensation

Mr. Steven Humphreys, also known as Steve, has been the Chief Executive Officer of Identiv, Inc. since September 09, 2015. From November 2011 to December 2014, Mr. Humphreys served as the Chief Executive O ...


CEO Compensation Analysis

Compensation vs. Market: Steve's total compensation ($USD548.30K) is about average for companies of similar size in the US market ($USD495.77K).

Compensation vs Earnings: Steve's compensation has increased whilst the company is unprofitable.


Management Age and Tenure

4.1yrs

Average Tenure

54yo

Average Age

Experienced Management: INVE's management team is considered experienced (4.1 years average tenure).


Board Age and Tenure

4.1yrs

Average Tenure

63yo

Average Age

Experienced Board: INVE's board of directors are considered experienced (4.1 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.


Recent Insider Transactions

BuyUS$39,48017 Jun 19
Steven Humphreys
EntityIndividual
Role
Chief Executive Officer
CEO & Director
Shares8,000
Max PriceUS$4.98
BuyUS$10,18017 Jun 19
Steven Humphreys
EntityIndividual
Role
Chief Executive Officer
CEO & Director
Shares2,000
Max PriceUS$5.09
BuyUS$99,80013 Jun 19
Gary Kremen
EntityIndividual
Role
Member of the Board of Directors
Director
Shares20,000
Max PriceUS$4.99
BuyUS$20,08912 Jun 19
Gary Kremen
EntityIndividual
Role
Member of the Board of Directors
Director
Shares4,166
Max PriceUS$4.90
BuyUS$49,98007 Dec 18
Gary Kremen
EntityIndividual
Role
Member of the Board of Directors
Director
Shares10,000
Max PriceUS$5.00
BuyUS$87,37430 Nov 18
Gary Kremen
EntityIndividual
Role
Member of the Board of Directors
Director
Shares17,000
Max PriceUS$5.17

Ownership Breakdown


Management Team

  • Steve Humphreys (58yo)

    CEO & Director

    • Tenure: 4.1yrs
    • Compensation: US$548.30k
  • Manfred Mueller (49yo)

    COO and GM of Identity & Credentials

    • Tenure: 6.1yrs
    • Compensation: US$934.15k
  • Sandra Wallach (54yo)

    CFO & Secretary

    • Tenure: 2.7yrs
    • Compensation: US$469.63k

Board Members

  • Steve Humphreys (58yo)

    CEO & Director

    • Tenure: 4.1yrs
    • Compensation: US$548.30k
  • Jim Ousley (73yo)

    Chairman

    • Tenure: 4.1yrs
    • Compensation: US$367.48k
  • Nina Shapiro (70yo)

    Director

    • Tenure: 3.3yrs
    • Compensation: US$248.75k
  • Gary Kremen (55yo)

    Director

    • Tenure: 5.7yrs
    • Compensation: US$248.75k
  • Robin Braun (63yo)

    Director

    • Tenure: 0.4yrs

Company Information

Identiv, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Identiv, Inc.
  • Ticker: INVE
  • Exchange: NasdaqCM
  • Founded: 1990
  • Industry: Electronic Equipment and Instruments
  • Sector: Tech
  • Market Cap: US$79.438m
  • Shares outstanding: 16.79m
  • Website: https://www.identiv.com

Number of Employees


Location

  • Identiv, Inc.
  • 2201 Walnut Avenue
  • Suite 100
  • Fremont
  • California
  • 94538
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
INVENasdaqCM (Nasdaq Capital Market)YesCommon SharesUSUSDOct 1997
INVNDB (Deutsche Boerse AG)YesCommon SharesDEEUROct 1997
INVNDB (Deutsche Boerse AG)COM USD0.01(POST REV SPLIT)DEEURMay 2014

Biography

Identiv, Inc. operates as a security technology company that secures data, physical places, and things worldwide. Its Premises segment offers modular Hirsch MX controllers that allow customers to start wit ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/14 23:39
End of Day Share Price2019/10/14 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.