NasdaqGS:IVAC

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Executive Summary

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, Europe, and internationally. More Details


Snowflake Analysis

Flawless balance sheet and good value.


Similar Companies

Share Price & News

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


Latest Share Price and Events

Stable Share Price: IVAC is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 8% a week.

Volatility Over Time: IVAC's weekly volatility (8%) has been stable over the past year.


Market Performance


7 Day Return

6.2%

IVAC

-1.2%

US Tech

2.8%

US Market


1 Year Return

5.3%

IVAC

66.1%

US Tech

19.7%

US Market

Return vs Industry: IVAC underperformed the US Tech industry which returned 66.1% over the past year.

Return vs Market: IVAC underperformed the US Market which returned 19.7% over the past year.


Shareholder returns

IVACIndustryMarket
7 Day6.2%-1.2%2.8%
30 Day19.6%1.7%8.0%
90 Day5.5%-5.9%6.8%
1 Year5.3%5.3%67.8%66.1%22.4%19.7%
3 Year-14.9%-14.9%164.8%153.5%47.3%37.5%
5 Year25.5%25.5%296.8%258.2%93.6%72.3%

Long-Term Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Intevac 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: IVAC ($6.34) is trading below our estimate of fair value ($25.55)

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


Price To Earnings Ratio

PE vs Industry: IVAC is poor value based on its PE Ratio (29x) compared to the US Tech industry average (21.3x).

PE vs Market: IVAC is poor value based on its PE Ratio (29x) compared to the US market (19.7x).


Price to Earnings Growth Ratio

PEG Ratio: IVAC is good value based on its PEG Ratio (0.8x)


Price to Book Ratio

PB vs Industry: IVAC is good value based on its PB Ratio (1.5x) compared to the US Tech industry average (2.3x).


Next Steps

Future Growth

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

36.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: IVAC's forecast earnings growth (36% per year) is above the savings rate (2.2%).

Earnings vs Market: IVAC's earnings (36% per year) are forecast to grow faster than the US market (22% per year).

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

Revenue vs Market: IVAC's revenue (10.1% per year) is forecast to grow slower than the US market (10.2% per year).

High Growth Revenue: IVAC's revenue (10.1% 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 IVAC's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Intevac performed over the past 5 years?

59.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: IVAC has high quality earnings.

Growing Profit Margin: IVAC's current net profit margins (4.9%) are lower than last year (5.6%).


Past Earnings Growth Analysis

Earnings Trend: IVAC has become profitable over the past 5 years, growing earnings by 59.7% per year.

Accelerating Growth: IVAC's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: IVAC had negative earnings growth (-13.1%) over the past year, making it difficult to compare to the Tech industry average (-18.8%).


Return on Equity

High ROE: IVAC's Return on Equity (5.2%) is considered low.


Next Steps

Financial Health

How is Intevac's financial position?


Financial Position Analysis

Short Term Liabilities: IVAC's short term assets ($94.5M) exceed its short term liabilities ($17.1M).

Long Term Liabilities: IVAC's short term assets ($94.5M) exceed its long term liabilities ($8.2M).


Debt to Equity History and Analysis

Debt Level: IVAC is debt free.

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

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

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


Balance Sheet


Next Steps

Dividend

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


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.


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 IVAC'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?

8.1yrs

Average management tenure


CEO

Wendell Blonigan (58 yo)

7.33yrs

Tenure

US$1,240,531

Compensation

Mr. Wendell T. Blonigan joined Intevac in July 2013 as President and Chief Executive Officer and has served as a Director of Intevac since August 2013. Prior to joining Intevac, Mr. Blonigan co-founded Orb...


CEO Compensation Analysis

Compensation vs Market: Wendell's total compensation ($USD1.24M) is about average for companies of similar size in the US market ($USD1.11M).

Compensation vs Earnings: Wendell's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Wendell Blonigan
President7.33yrsUS$1.24m0.86%
$ 1.3m
James Moniz
Executive VP of Finance & Administration6yrsUS$662.98k0.47%
$ 718.1k
Timothy Justyn
Executive VP & GM of Photonicsno dataUS$539.40k0.21%
$ 316.7k
Jay Cho
Executive VP & GM of the Thin Film Equipment6.83yrsUS$534.17k0.39%
$ 594.3k
Claire McAdams
Investor Relations Counselno datano datano data
Kimberly Burk
Senior Vice President of Global Human Resources12.83yrsUS$208.87kno data
Verle Aebi
Chief Technology Officer of Photonics14.25yrsUS$201.52kno data
Terry Bluck
Chief Technology Officer of Thin-film Equipment16.25yrsno datano data
Andrés Brugal
Executive VP & GM of Photonics8.83yrsUS$760.55kno data
Michael Russak
Executive Advisor6.83yrsUS$482.68kno data

8.1yrs

Average Tenure

60yo

Average Age

Experienced Management: IVAC's management team is seasoned and experienced (8.1 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Wendell Blonigan
President7.33yrsUS$1.24m0.86%
$ 1.3m
David Dury
Independent Chairman3.25yrsUS$125.49k0.56%
$ 843.2k
Michele Klein
Independent Director1.42yrsUS$69.26kno data
Kevin Barber
Independent Director2.75yrsUS$106.74k0.038%
$ 57.1k
Thomas Rohrs
Independent Director10.08yrsUS$112.68k0.16%
$ 234.6k
Dorothy Hayes
Independent Director1.42yrsUS$72.08kno data
Mark Popovich
Independent Director2.75yrsUS$103.62k0.038%
$ 57.1k
Stephen Jamison
Independent Director2.25yrsUS$100.49k0.038%
$ 57.1k

2.8yrs

Average Tenure

69yo

Average Age

Experienced Board: IVAC's board of directors are not considered experienced ( 2.8 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 been diluted in the past year, with total shares outstanding growing by 2.7%.


Top Shareholders

Company Information

Intevac, Inc.'s company bio, 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
  • Market Cap: US$151.232m
  • Shares outstanding: 23.85m
  • Website: https://www.intevac.com

Number of Employees


Location

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

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
IVACNasdaqGS (Nasdaq Global Select)YesCommon StockUSUSDNov 1995

Biography

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, Europe, and int...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/11/26 23:47
End of Day Share Price2020/11/25 00:00
Earnings2020/09/26
Annual Earnings2019/12/28


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.