NasdaqGS:KVHI

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Executive Summary

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. More Details


Snowflake Analysis

Flawless balance sheet and overvalued.


Similar Companies

Share Price & News

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


Latest Share Price and Events

Stable Share Price: KVHI has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-3.9%

KVHI

-2.3%

US Communications

-0.4%

US Market


1 Year Return

-7.6%

KVHI

-14.0%

US Communications

18.3%

US Market

Return vs Industry: KVHI exceeded the US Communications industry which returned -14% over the past year.

Return vs Market: KVHI underperformed the US Market which returned 18.3% over the past year.


Shareholder returns

KVHIIndustryMarket
7 Day-3.9%-2.3%-0.4%
30 Day10.9%3.4%8.0%
90 Day13.5%-14.1%9.4%
1 Year-7.6%-7.6%-11.6%-14.0%21.0%18.3%
3 Year-22.0%-22.0%14.4%6.8%42.1%32.7%
5 Year-6.5%-6.5%37.8%22.4%85.6%64.7%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is KVH Industries undervalued compared to its fair value and its price relative to the market?

1.19x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate KVHI's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate KVHI's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: KVHI is unprofitable, so we can't compare its PE Ratio to the US Communications industry average.

PE vs Market: KVHI is unprofitable, so we can't compare its PE Ratio to the US market.


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: KVHI is good value based on its PB Ratio (1.2x) compared to the US Communications industry average (1.7x).


Next Steps

Future Growth

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

59.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

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

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

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

Revenue vs Market: KVHI's revenue (10.4% per year) is forecast to grow faster than the US market (9.9% per year).

High Growth Revenue: KVHI's revenue (10.4% 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


Next Steps

Past Performance

How has KVH Industries performed over the past 5 years?

-40.7%

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 40.7% 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 (-28.9%).


Return on Equity

High ROE: KVHI has a negative Return on Equity (-11.5%), as it is currently unprofitable.


Next Steps

Financial Health

How is KVH Industries's financial position?


Financial Position Analysis

Short Term Liabilities: KVHI's short term assets ($101.4M) exceed its short term liabilities ($37.3M).

Long Term Liabilities: KVHI's short term assets ($101.4M) exceed its long term liabilities ($13.7M).


Debt to Equity History and Analysis

Debt Level: KVHI's debt to equity ratio (5%) is considered satisfactory.

Reducing Debt: KVHI's debt to equity ratio has reduced from 58.9% to 5% over the 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: KVHI has sufficient cash runway for more than a year 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 56.1% each year


Next Steps

Dividend

What is KVH Industries's current dividend yield, its reliability and sustainability?


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.


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 KVHI'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?

4.3yrs

Average management tenure


CEO

Martin A. Van Heyningen (61 yo)

30.75yrs

Tenure

US$1,437,108

Compensation

Mr. Martin A. Kits Van Heyningen co-founded KVH Industries Inc., in 1977 and also has been its Chief Executive Officer since 1990 and President since 1982. He has been the Chairman at KVH Industries Inc. s ...


CEO Compensation Analysis

Compensation vs Market: Martin A.'s total compensation ($USD1.44M) is about average for companies of similar size in the US market ($USD1.24M).

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


Leadership Team

NamePositionTenureCompensationOwnership
Martin A. Van Heyningen
Co-Founder30.75yrsUS$1.44m4.84%
$ 8.2m
Donald Reilly
Chief Financial Officer3.83yrsUS$686.61k0.29%
$ 497.0k
Brent Bruun
Chief Operating Officer4.25yrsUS$891.28k0.77%
$ 1.3m
Jennifer Baker
VP, Chief Accounting Officer & Corporate Controller4.08yrsno data0.058%
$ 99.5k
Robert Balog
Chief Technology Officer1.75yrsUS$528.82k0.54%
$ 920.5k
Felise Feingold
Senior VP13.17yrsUS$493.97k0.31%
$ 523.2k
Elizabeth Jackson
Chief Marketing Officer & Senior VP of Strategy2.92yrsno data0.20%
$ 335.1k
Daniel Conway
Executive Vice President of Inertial Navigation Group7.92yrsUS$513.53k0.61%
$ 1.0m
Mark Woodhead
Executive Vice President of Mobile Connectivity7.42yrsno data0.27%
$ 463.6k
Anneley Pickles
Head of Business Development for Crewlink & Projectsno datano datano data
Christopher Watson
Director of Marketingno datano datano data

4.3yrs

Average Tenure

54yo

Average Age

Experienced Management: KVHI's management team is considered experienced (4.3 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Martin A. Van Heyningen
Co-Founder30.75yrsUS$1.44m4.84%
$ 8.2m
Mark Ain
Lead Independent Director8.75yrsUS$132.05k0.88%
$ 1.5m
James Dodez
Director3.33yrsUS$81.25k0.29%
$ 492.6k
Stanley Honey
Independent Director23.75yrsUS$128.90k0.90%
$ 1.5m
Charles Trimble
Independent Director21.75yrsUS$131.00k0.71%
$ 1.2m
Robert Tavares
Independent Director0.50yrno data0.16%
$ 274.8k
Danelle Barrett
Independent Director0.33yrno data0.054%
$ 91.6k

8.8yrs

Average Tenure

61yo

Average Age

Experienced Board: KVHI's board of directors are considered experienced (8.8 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: KVHI 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 3.1%.


Top Shareholders

Company Information

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


Key Information

  • Name: KVH Industries, Inc.
  • Ticker: KVHI
  • Exchange: NasdaqGS
  • Founded: 1978
  • Industry: Communications Equipment
  • Sector: Tech
  • Market Cap: US$170.330m
  • Shares outstanding: 18.59m
  • Website: https://www.kvh.com

Number of Employees


Location

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

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
KVHINasdaqGS (Nasdaq Global Select)YesCommon StockUSUSDApr 1996

Biography

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 oper ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/23 23:34
End of Day Share Price2020/10/23 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.