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
Flawless balance sheet and good value.
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.
7 Day Return
1 Year Return
Return vs Industry: IVAC underperformed the US Tech industry which returned 68.1% over the past year.
Return vs Market: IVAC underperformed the US Market which returned 20.4% over the past year.
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
1 day ago | Simply Wall StAre Insiders Selling Intevac, Inc. (NASDAQ:IVAC) Stock?
2 weeks ago | Simply Wall StDo Its Financials Have Any Role To Play In Driving Intevac, Inc.'s (NASDAQ:IVAC) Stock Up Recently?
3 weeks ago | Simply Wall StIntevac, Inc. (NASDAQ:IVAC) Just Reported, And Analysts Assigned A US$9.00 Price Target
Is Intevac undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: IVAC ($6.13) is trading below our estimate of fair value ($25.54)
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 (28x) compared to the US Tech industry average (23.5x).
PE vs Market: IVAC is poor value based on its PE Ratio (28x) 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 (2.2x).
How is Intevac forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
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 (22.1% 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
How has Intevac performed over the past 5 years?
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 (-16%).
Return on Equity
High ROE: IVAC's Return on Equity (5.2%) is considered low.
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 ($8.2M).
Debt to Equity History and Analysis
Debt Level: IVAC is debt free.
Reducing Debt: IVAC has not had any debt for past 5 years.
Debt Coverage: IVAC has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: IVAC has no debt, therefore coverage of interest payments is not a concern.
What is Intevac current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate IVAC's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate IVAC's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if IVAC's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if IVAC's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of IVAC's dividend in 3 years as they are not forecast to pay a notable one for the US market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Wendell Blonigan (58 yo)
Mr. Wendell T. Blonigan joined Intevac in July 2013 as President and Chief Executive Officer and has served as a Director of Intevac since August 2013. Prior to joining Intevac, Mr. Blonigan co-founded Orb...
CEO Compensation Analysis
Compensation vs Market: Wendell's total compensation ($USD1.24M) is above average for companies of similar size in the US market ($USD561.41K).
Compensation vs Earnings: Wendell's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
|Executive VP of Finance & Administration||6yrs||US$662.98k||0.47% |
|Executive VP & GM of Photonics||no data||US$539.40k||0.21% |
|Executive VP & GM of the Thin Film Equipment||6.83yrs||US$534.17k||0.39% |
|Investor Relations Counsel||no data||no data||no data|
|Senior Vice President of Global Human Resources||12.83yrs||US$208.87k||no data|
|Chief Technology Officer of Photonics||14.25yrs||US$201.52k||no data|
|Chief Technology Officer of Thin-film Equipment||16.25yrs||no data||no data|
|Executive VP & GM of Photonics||8.83yrs||US$760.55k||no data|
|Executive Advisor||6.83yrs||US$482.68k||no data|
Experienced Management: IVAC's management team is seasoned and experienced (8.1 years average tenure).
|Independent Chairman||3.25yrs||US$125.49k||0.56% |
|Independent Director||1.42yrs||US$69.26k||no data|
|Independent Director||2.75yrs||US$106.74k||0.038% |
|Independent Director||10.08yrs||US$112.68k||0.16% |
|Independent Director||1.42yrs||US$72.08k||no data|
|Independent Director||2.75yrs||US$103.62k||0.038% |
|Independent Director||2.25yrs||US$100.49k||0.038% |
Experienced Board: IVAC's board of directors are not considered experienced ( 2.8 years average tenure), which suggests a new board.
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
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 2.7%.
Intevac, Inc.'s company bio, employee growth, exchange listings and data sources
- Name: Intevac, Inc.
- Ticker: IVAC
- Exchange: NasdaqGS
- Founded: 1990
- Industry: Technology Hardware, Storage and Peripherals
- Sector: Tech
- Market Cap: US$146.223m
- Shares outstanding: 23.85m
- Website: https://www.intevac.com
Number of Employees
- Intevac, Inc.
- 3560 Bassett Street
- Santa Clara
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|IVAC||NasdaqGS (Nasdaq Global Select)||Yes||Common Stock||US||USD||Nov 1995|
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
|Data||Last Updated (UTC time)|
|Company Analysis||2020/11/25 00:38|
|End of Day Share Price||2020/11/24 00:00|
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.