NasdaqCM:ITI

Stock Analysis Report

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Executive Summary

Iteris, Inc. provides intelligent transportation systems technology solutions in Canada and Europe. More Details


Snowflake Analysis

Excellent balance sheet with moderate growth potential.


Similar Companies

Share Price & News

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


Latest Share Price and Events

Stable Share Price: ITI's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-3.3%

ITI

1.1%

US Electronic

-0.4%

US Market


1 Year Return

-19.5%

ITI

11.3%

US Electronic

18.3%

US Market

Return vs Industry: ITI underperformed the US Electronic industry which returned 11.3% over the past year.

Return vs Market: ITI underperformed the US Market which returned 18.3% over the past year.


Shareholder returns

ITIIndustryMarket
7 Day-3.3%1.1%-0.4%
30 Day0%12.2%6.6%
90 Day-11.5%10.9%8.6%
1 Year-19.5%-19.5%12.5%11.3%21.0%18.3%
3 Year-41.0%-41.0%21.7%18.3%42.1%32.7%
5 Year70.7%70.7%89.2%80.4%85.6%64.7%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

25.0%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: ITI ($4.08) is trading below our estimate of fair value ($5.44)

Significantly Below Fair Value: ITI is trading below fair value by more than 20%.


Price To Earnings Ratio

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

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


Price to Book Ratio

PB vs Industry: ITI's PB Ratio (2.2x) is in line with the US Electronic industry average.


Next Steps

Future Growth

How is Iteris forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?

36.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: ITI is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2.2%).

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

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

Revenue vs Market: ITI's revenue (8.8% per year) is forecast to grow slower than the US market (9.9% per year).

High Growth Revenue: ITI's revenue (8.8% 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 ITI's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Iteris performed over the past 5 years?

3.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: ITI is currently unprofitable.

Growing Profit Margin: ITI is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: ITI is unprofitable, but has reduced losses over the past 5 years at a rate of 3.6% per year.

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

Earnings vs Industry: ITI is unprofitable, making it difficult to compare its past year earnings growth to the Electronic industry (-18%).


Return on Equity

High ROE: ITI has a negative Return on Equity (-6.28%), as it is currently unprofitable.


Next Steps

Financial Health

How is Iteris's financial position?


Financial Position Analysis

Short Term Liabilities: ITI's short term assets ($72.6M) exceed its short term liabilities ($28.7M).

Long Term Liabilities: ITI's short term assets ($72.6M) exceed its long term liabilities ($11.9M).


Debt to Equity History and Analysis

Debt Level: ITI is debt free.

Reducing Debt: ITI 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: ITI has sufficient cash runway for more than 3 years based on its current free cash flow.

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


Next Steps

Dividend

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


Dividend Yield vs Market

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

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

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

5.6yrs

Average management tenure


CEO

Joe Bergera (57 yo)

5.08yrs

Tenure

US$1,256,120

Compensation

Mr. J. Joseph Bergera, also known as Joe, Ph.D., has been the Chief Executive Officer and President of Iteris, Inc. since September 23, 2015. Mr. Bergera served as General Manager of Tax Solutions and Exec ...


CEO Compensation Analysis

Compensation vs Market: Joe's total compensation ($USD1.26M) is about average for companies of similar size in the US market ($USD1.24M).

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


Leadership Team

NamePositionTenureCompensationOwnership
J. Bergera
President5.08yrsUS$1.26m0.019%
$ 31.8k
Douglas Groves
CFO, Senior VP of Finance & Secretary0.83yrUS$905.89k0.024%
$ 40.8k
Andrew Schmidt
Senior Advisor5.58yrsUS$885.43k0%
$ 0
Ramin Massoumi
Senior VP & GM of Transportation Systems5.58yrsUS$604.09k0.084%
$ 139.4k
Pierre-Andre Rebeyrat
Senior Vice President of Marketingno datano datano data
Jeff McDermott
Senior Vice President of Human Resourcesno datano datano data
Todd Kreter
Senior VP & GM of Roadway Sensors11.42yrsUS$579.28k0%
$ 0
Cathy Steger
Director of Human Resourcesno datano datano data

5.6yrs

Average Tenure

58yo

Average Age

Experienced Management: ITI's management team is seasoned and experienced (5.6 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
J. Bergera
President5.08yrsUS$1.26m0.019%
$ 31.8k
Dennis Zank
Independent Director0.75yrUS$32.51k0.012%
$ 19.8k
Thomas Thomas
Independent Chairman of the Board4.75yrsUS$119.26k0.41%
$ 676.7k
Anjali Joshi
Independent Director0.33yrno data0.0053%
$ 8.9k
Laura Siegal
Independent Director2.42yrsUS$78.97k0.080%
$ 134.0k
Gerard Mooney
Independent Director7.08yrsUS$89.50k0.078%
$ 129.9k
Lucas Schneider
Independent Director0.25yrno data0.0032%
$ 5.3k

2.4yrs

Average Tenure

60yo

Average Age

Experienced Board: ITI's board of directors are not considered experienced ( 2.4 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: ITI 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

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


Key Information

  • Name: Iteris, Inc.
  • Ticker: ITI
  • Exchange: NasdaqCM
  • Founded: 1987
  • Industry: Electronic Equipment and Instruments
  • Sector: Tech
  • Market Cap: US$166.977m
  • Shares outstanding: 40.93m
  • Website: https://www.iteris.com

Number of Employees


Location

  • Iteris, Inc.
  • 1700 Carnegie Avenue
  • Santa Ana
  • California
  • 92705-5551
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ITINasdaqCM (Nasdaq Capital Market)YesCommon StockUSUSDOct 1984
FQHDB (Deutsche Boerse AG)YesCommon StockDEEUROct 1984

Biography

Iteris, Inc. provides intelligent transportation systems technology solutions in Canada and Europe. It operates through Roadway Sensors and Transportation Systems segments. The Roadway Sensors segment offe ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/25 00:35
End of Day Share Price2020/10/23 00:00
Earnings2020/06/30
Annual Earnings2020/03/31


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.