NasdaqCM:ITI

Stock Analysis Report

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Market Cap

US$263.4m

Last Updated

2021/08/01 22:37 UTC

Data Sources

Company Financials +

Executive Summary

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


Snowflake Analysis

Flawless balance sheet with reasonable 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 is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 10% a week.

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


Market Performance


7 Day Return

3.8%

ITI

2.6%

US Electronic

-0.4%

US Market


1 Year Return

34.3%

ITI

52.1%

US Electronic

35.9%

US Market

Return vs Industry: ITI underperformed the US Electronic industry which returned 52.1% over the past year.

Return vs Market: ITI underperformed the US Market which returned 35.9% over the past year.


Shareholder returns

ITIIndustryMarket
7 Day3.8%2.6%-0.4%
30 Day-2.2%2.5%-0.3%
90 Day-9.3%4.8%3.1%
1 Year34.3%34.3%55.5%52.1%38.0%35.9%
3 Year27.9%27.9%69.6%62.8%62.9%52.7%
5 Year92.3%92.3%168.0%150.7%121.3%96.9%

Long-Term 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?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: ITI ($6.23) is trading below our estimate of fair value ($13.55)

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


Price To Earnings Ratio

PE vs Industry: ITI is poor value based on its PE Ratio (522.5x) compared to the US Electronic industry average (25.3x).

PE vs Market: ITI is poor value based on its PE Ratio (522.5x) compared to the US market (18.1x).


Price to Earnings Growth Ratio

PEG Ratio: ITI is poor value based on its PEG Ratio (5.4x)


Price to Book Ratio

PB vs Industry: ITI is overvalued based on its PB Ratio (3.3x) compared to the US Electronic industry average (2.8x).


Future Growth

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

97.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: ITI's forecast earnings growth (97.5% per year) is above the savings rate (2%).

Earnings vs Market: ITI's earnings (97.5% per year) are forecast to grow faster than the US market (15% per year).

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

Revenue vs Market: ITI's revenue (14.1% per year) is forecast to grow faster than the US market (9.2% per year).

High Growth Revenue: ITI's revenue (14.1% 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


Past Performance

How has Iteris performed over the past 5 years?

28.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: ITI has a large one-off loss of $1.0M impacting its March 31 2021 financial results.

Growing Profit Margin: ITI became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: ITI has become profitable over the past 5 years, growing earnings by 28.3% per year.

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

Earnings vs Industry: ITI has become profitable in the last year, making it difficult to compare its past year earnings growth to the Electronic industry (21.6%).


Return on Equity

High ROE: ITI's Return on Equity (0.6%) is considered low.


Financial Health

How is Iteris's financial position?


Financial Position Analysis

Short Term Liabilities: ITI's short term assets ($69.6M) exceed its short term liabilities ($33.0M).

Long Term Liabilities: ITI's short term assets ($69.6M) exceed its long term liabilities ($14.9M).


Debt to Equity History and Analysis

Debt Level: ITI is debt free.

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

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

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


Balance Sheet


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?

6.3yrs

Average management tenure


CEO

Joe Bergera (58 yo)

5.83yrs

Tenure

US$1,469,018

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 ($USD1.47M) is above average for companies of similar size in the US market ($USD1.11M).

Compensation vs Earnings: Joe's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: ITI's management team is seasoned and experienced (6.3 years average tenure).


Board Members

Experienced Board: ITI's board of directors are considered experienced (3.2 years average tenure).


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 been diluted in the past year, with total shares outstanding growing by 3.3%.


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$263.414m
  • Shares outstanding: 42.28m
  • Website: https://www.iteris.com

Number of Employees


Location

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

Listings


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 Analysis2021/08/01 22:37
End of Day Share Price2021/07/30 00:00
Earnings2021/03/31
Annual Earnings2021/03/31


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.