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IVAC

Intevac NasdaqGS:IVAC Stock Report

Last Price

US$4.84

Market Cap

US$121.3m

7D

0.4%

1Y

-26.4%

Updated

04 Jul, 2022

Data

Company Financials +
IVAC fundamental analysis
Snowflake Score
Valuation0/6
Future Growth2/6
Past Performance0/6
Financial Health6/6
Dividends0/6

IVAC Stock Overview

Intevac, Inc. provides vacuum deposition equipment for various thin-film applications, and digital night-vision technologies and products to the defense industry in the United States, Asia, and Europe.

Intevac Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Intevac
Historical stock prices
Current Share PriceUS$4.84
52 Week HighUS$6.74
52 Week LowUS$3.93
Beta0.78
1 Month Change-10.04%
3 Month Change-12.00%
1 Year Change-26.44%
3 Year Change-3.01%
5 Year Change-58.46%
Change since IPO-22.56%

Recent News & Updates

Shareholder Returns

IVACUS TechUS Market
7D0.4%-2.1%-2.2%
1Y-26.4%-2.1%-19.1%

Return vs Industry: IVAC underperformed the US Tech industry which returned -2.1% over the past year.

Return vs Market: IVAC underperformed the US Market which returned -21.2% over the past year.

Price Volatility

Is IVAC's price volatile compared to industry and market?
IVAC volatility
IVAC Average Weekly Movement4.4%
Tech Industry Average Movement9.2%
Market Average Movement8.1%
10% most volatile stocks in US Market16.9%
10% least volatile stocks in US Market3.3%

Stable Share Price: IVAC is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: IVAC's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1990148Nigel Huntonhttps://www.intevac.com

Intevac, Inc. provides vacuum deposition equipment for various thin-film applications, and digital night-vision technologies and products to the defense industry in the United States, Asia, and Europe. It designs, develops, and markets thin-film processing systems for hard disk drive media, display cover panel, solar photovoltaic cell, and advanced semiconductor packaging industries. The company sells its products through direct sales force and distributors.

Intevac Fundamentals Summary

How do Intevac's earnings and revenue compare to its market cap?
IVAC fundamental statistics
Market CapUS$121.29m
Earnings (TTM)-US$25.21m
Revenue (TTM)US$33.73m

3.6x

P/S Ratio

-4.8x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
IVAC income statement (TTM)
RevenueUS$33.73m
Cost of RevenueUS$27.95m
Gross ProfitUS$5.79m
Other ExpensesUS$30.99m
Earnings-US$25.21m

Last Reported Earnings

Apr 02, 2022

Next Earnings Date

n/a

Earnings per share (EPS)-1.01
Gross Margin17.15%
Net Profit Margin-74.74%
Debt/Equity Ratio0%

How did IVAC perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

Is IVAC undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

Which metric is best to use when looking at relative valuation for IVAC?

Other financial metrics that can be useful for relative valuation.

IVAC key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue0.6x
Enterprise Value/EBITDA-1x
PEG Ration/a

Price to Sales Ratio vs Peers

How does IVAC's PS Ratio compare to its peers?

IVAC PS Ratio vs Peers
The above table shows the PS ratio for IVAC vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPSEstimated GrowthMarket Cap
Peer Average1x
QMCO Quantum
0.4x5.7%US$142.5m
ALOT AstroNova
0.8xn/aUS$89.7m
CHWT.F Coolpad Group
2.9xn/aUS$245.0m
DBD Diebold Nixdorf
0.05x2.0%US$182.4m
IVAC Intevac
3.6x44.9%US$121.3m

Price-To-Sales vs Peers: IVAC is expensive based on its Price-To-Sales Ratio (3.6x) compared to the peer average (1x).


Price to Earnings Ratio vs Industry

How does IVAC's PE Ratio compare vs other companies in the US Tech Industry?

Price-To-Sales vs Industry: IVAC is expensive based on its Price-To-Sales Ratio (3.6x) compared to the US Tech industry average (0.9x)


Price to Sales Ratio vs Fair Ratio

What is IVAC's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

IVAC PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio3.6x
Fair PS Ratio1.5x

Price-To-Sales vs Fair Ratio: IVAC is expensive based on its Price-To-Sales Ratio (3.6x) compared to the estimated Fair Price-To-Sales Ratio (1.5x).


Share Price vs Fair Value

What is the Fair Price of IVAC when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: Insufficient data to calculate IVAC's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate IVAC's fair value for valuation analysis.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate IVAC's PEG Ratio to determine if it is good value.


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Future Growth

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

Future Growth Score

2/6

Future Growth Score 2/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


104.9%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

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

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

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

Revenue vs Market: IVAC's revenue (44.9% per year) is forecast to grow faster than the US market (8.2% per year).

High Growth Revenue: IVAC's revenue (44.9% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if IVAC's Return on Equity is forecast to be high in 3 years time


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Past Performance

How has Intevac performed over the past 5 years?

Past Performance Score

0/6

Past Performance Score 0/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-60.1%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: IVAC is currently unprofitable.

Growing Profit Margin: IVAC is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: IVAC is unprofitable, and losses have increased over the past 5 years at a rate of 60.1% per year.

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

Earnings vs Industry: IVAC is unprofitable, making it difficult to compare its past year earnings growth to the Tech industry (67.6%).


Return on Equity

High ROE: IVAC has a negative Return on Equity (-20.04%), as it is currently unprofitable.


Discover strong past performing companies

Financial Health

How is Intevac's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Stable Cash Runway

  • Forecast Cash Runway

Financial Position Analysis

Short Term Liabilities: IVAC's short term assets ($134.7M) exceed its short term liabilities ($28.7M).

Long Term Liabilities: IVAC's short term assets ($134.7M) exceed its long term liabilities ($3.1M).


Debt to Equity History and Analysis

Debt Level: IVAC is debt free.

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

Forecast Cash Runway: IVAC has sufficient cash runway for more than 3 years if free cash flow continues to grow at historical rates of 29.9% each year


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Dividend

What is Intevac current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage

Dividend Yield vs Market

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

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

Growing Dividend: Insufficient data to determine if IVAC's dividend payments have been increasing.


Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as IVAC has not reported any payouts.


Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

7.7yrs

Average management tenure


CEO

Nigel Hunton (61 yo)

0.50

Tenure

Mr. Nigel Hunton serves as a Senior Advisor, Advisory Board Member at Arsenal Capital Partners since 2022. Mr. Hunton is a member of Arsenal’s Industrial Growth Advisory Board and has vast experience in ex...


Leadership Team

Experienced Management: IVAC's management team is seasoned and experienced (7.7 years average tenure).


Board Members

Experienced Board: IVAC's board of directors are considered experienced (3.8 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: IVAC 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 3.9%.


Top Shareholders

Company Information

Intevac, Inc.'s employee growth, exchange listings and data sources


Key Information

  • Name: Intevac, Inc.
  • Ticker: IVAC
  • Exchange: NasdaqGS
  • Founded: 1990
  • Industry: Technology Hardware, Storage and Peripherals
  • Sector: Tech
  • Implied Market Cap: US$121.287m
  • Shares outstanding: 25.06m
  • Website: https://www.intevac.com

Number of Employees


Location

  • Intevac, Inc.
  • 3560 Bassett Street
  • Santa Clara
  • California
  • 95054
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/07/04 00:00
End of Day Share Price2022/07/01 00:00
Earnings2022/04/02
Annual Earnings2022/01/01


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.