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KVHI

KVH Industries NasdaqGS:KVHI Stock Report

Last Price

US$8.85

Market Cap

US$167.2m

7D

7.1%

1Y

-16.1%

Updated

10 Aug, 2022

Data

Company Financials +
KVHI fundamental analysis
Snowflake Score
Valuation2/6
Future Growth4/6
Past Performance0/6
Financial Health5/6
Dividends0/6

KVHI Stock Overview

KVH Industries, Inc. designs, develops, manufactures, and markets mobile connectivity products and services for the marine and land mobile markets in the United States and internationally.

KVH Industries Competitors

Price History & Performance

Summary of all time highs, changes and price drops for KVH Industries
Historical stock prices
Current Share PriceUS$8.85
52 Week HighUS$11.99
52 Week LowUS$6.89
Beta0.53
1 Month Change8.72%
3 Month Change19.92%
1 Year Change-16.11%
3 Year Change0.11%
5 Year Change-22.37%
Change since IPO17.02%

Recent News & Updates

Aug 09

KVH Non-GAAP EPS of $0.04 beats by $0.12, revenue of $41.8M misses by $2.39M

KVH press release (NASDAQ:KVHI): Q2 Non-GAAP EPS of $0.04 beats by $0.12. Revenue of $41.8M (-3.7% Y/Y) misses by $2.39M.

Shareholder Returns

KVHIUS CommunicationsUS Market
7D7.1%1.3%1.2%
1Y-16.1%-10.7%-11.6%

Return vs Industry: KVHI underperformed the US Communications industry which returned -13.1% over the past year.

Return vs Market: KVHI underperformed the US Market which returned -13.5% over the past year.

Price Volatility

Is KVHI's price volatile compared to industry and market?
KVHI volatility
KVHI Average Weekly Movement5.4%
Communications Industry Average Movement8.3%
Market Average Movement7.9%
10% most volatile stocks in US Market17.0%
10% least volatile stocks in US Market3.2%

Stable Share Price: KVHI is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: KVHI's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1978623Brent Bruunhttps://www.kvh.com

KVH Industries, Inc. designs, develops, manufactures, and markets mobile connectivity products and services for the marine and land mobile markets in the United States and internationally. The company operates through Mobile Connectivity and Inertial Navigation segments. The company offers mobile satellite TV and communications products; two-way satellite communications systems; onboard TracPhone terminals and hub equipment; data management software; and Iridium OpenPort hardware products and services.

KVH Industries Fundamentals Summary

How do KVH Industries's earnings and revenue compare to its market cap?
KVHI fundamental statistics
Market CapUS$167.21m
Earnings (TTM)-US$10.43m
Revenue (TTM)US$170.57m

1.0x

P/S Ratio

-16.0x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
KVHI income statement (TTM)
RevenueUS$0
Cost of RevenueUS$0
Gross ProfitUS$0
Other ExpensesUS$0
EarningsUS$0

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)-0.55
Gross Margin34.89%
Net Profit Margin-6.11%
Debt/Equity Ratio0%

How did KVHI perform over the long term?

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

Valuation

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

Valuation Score

2/6

Valuation Score 2/6

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

KVHI 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/Revenue0.9x
Enterprise Value/EBITDA-41.7x
PEG Ration/a

Price to Sales Ratio vs Peers

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

KVHI PS Ratio vs Peers
The above table shows the PS ratio for KVHI vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPSEstimated GrowthMarket Cap
Peer Average1.3x
CAMP CalAmp
0.7x6.5%US$184.8m
CRNT Ceragon Networks
0.8x7.7%US$223.5m
MIMO Airspan Networks Holdings
1.3x31.4%US$225.0m
GNSS Genasys
2.5x11.8%US$127.3m
KVHI KVH Industries
1x8.2%US$167.2m

Price-To-Sales vs Peers: KVHI is good value based on its Price-To-Sales Ratio (1x) compared to the peer average (1.3x).


Price to Earnings Ratio vs Industry

How does KVHI's PE Ratio compare vs other companies in the US Communications Industry?

Price-To-Sales vs Industry: KVHI is good value based on its Price-To-Sales Ratio (1x) compared to the US Communications industry average (1.5x)


Price to Sales Ratio vs Fair Ratio

What is KVHI'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.

KVHI PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio1x
Fair PS Ratio0.8x

Price-To-Sales vs Fair Ratio: KVHI is expensive based on its Price-To-Sales Ratio (1x) compared to the estimated Fair Price-To-Sales Ratio (0.8x).


Share Price vs Fair Value

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

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

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


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Target price is more than 20% higher than the current share price, but there are not enough analysts covering the stock to determine statistical confidence in agreement.


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Future Growth

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

Future Growth Score

4/6

Future Growth Score 4/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


107.1%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: KVHI is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.9%).

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

High Growth Earnings: KVHI is expected to become profitable in the next 3 years.

Revenue vs Market: KVHI's revenue (8.2% per year) is forecast to grow faster than the US market (7.9% per year).

High Growth Revenue: KVHI's revenue (8.2% 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 KVHI's Return on Equity is forecast to be high in 3 years time


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Past Performance

How has KVH Industries 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


-7.4%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: KVHI is currently unprofitable.

Growing Profit Margin: KVHI is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: KVHI is unprofitable, and losses have increased over the past 5 years at a rate of 7.4% per year.

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

Earnings vs Industry: KVHI is unprofitable, making it difficult to compare its past year earnings growth to the Communications industry (42.1%).


Return on Equity

High ROE: KVHI has a negative Return on Equity (-8.34%), as it is currently unprofitable.


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Financial Health

How is KVH Industries's financial position?

Financial Health Score

5/6

Financial Health Score 5/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Stable Cash Runway

  • Forecast Cash Runway

Financial Position Analysis

Short Term Liabilities: KVHI's short term assets ($82.2M) exceed its short term liabilities ($31.5M).

Long Term Liabilities: KVHI's short term assets ($82.2M) exceed its long term liabilities ($5.6M).


Debt to Equity History and Analysis

Debt Level: KVHI is debt free.

Reducing Debt: KVHI has no debt compared to 5 years ago when its debt to equity ratio was 47.2%.


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: KVHI has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: KVHI has sufficient cash runway for more than 3 years if free cash flow continues to reduce at historical rates of 41% each year


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Dividend

What is KVH Industries's 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 KVHI's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

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

Growing Dividend: Insufficient data to determine if KVHI'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 KVHI has not reported any payouts.


Discover strong dividend paying companies

Management

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

3.6yrs

Average management tenure


CEO

Brent Bruun (56 yo)

0.42

Tenure

US$874,142

Compensation

Mr. Brent C. Bruun is President and Chief Executive Officer at KVH Industries, Inc. from June 2022. He had been Interim President and Chief Executive Officer at KVH Industries Inc. since March 7, 2022 unti...


CEO Compensation Analysis

Compensation vs Market: Brent's total compensation ($USD874.14K) is below average for companies of similar size in the US market ($USD1.68M).

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


Leadership Team

Experienced Management: KVHI's management team is considered experienced (3.6 years average tenure).


Board Members

Experienced Board: KVHI's board of directors are not considered experienced ( 1.2 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: KVHI insiders have only sold shares 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

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


Key Information

  • Name: KVH Industries, Inc.
  • Ticker: KVHI
  • Exchange: NasdaqGS
  • Founded: 1978
  • Industry: Communications Equipment
  • Sector: Tech
  • Implied Market Cap: US$167.214m
  • Shares outstanding: 18.89m
  • Website: https://www.kvh.com

Number of Employees


Location

  • KVH Industries, Inc.
  • 50 Enterprise Center
  • Middletown
  • Rhode Island
  • 2842
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/08/10 00:00
End of Day Share Price2022/08/10 00:00
Earnings2022/06/30
Annual Earnings2021/12/31


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.