KVH Industries, Inc.

NasdaqGS:KVHI Stock Report

Market Cap: US$102.3m

KVH Industries Valuation

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

Valuation Score

4/6

Valuation Score 4/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

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: KVHI ($5.18) is trading below our estimate of fair value ($41.29)

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


Key Valuation Metric

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

Key metric: As KVHI is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for KVHI. This is calculated by dividing KVHI's market cap by their current revenue.
What is KVHI's PS Ratio?
PS Ratio0.9x
SalesUS$118.37m
Market CapUS$102.32m

Price to Sales Ratio vs Peers

How does KVHI's PS Ratio compare to its 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.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average2.1x
CMTL Comtech Telecommunications
0.2x4.3%US$84.4m
SILC Silicom
1.4x7.6%US$85.4m
SATX Satixfy Communications
6.1xn/aUS$68.3m
LTRX Lantronix
0.7x5.3%US$105.4m
KVHI KVH Industries
0.9x-5.6%US$102.3m

Price-To-Sales vs Peers: KVHI is good value based on its Price-To-Sales Ratio (0.9x) compared to the peer average (2.1x).


Price to Sales Ratio vs Industry

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

12 CompaniesPrice / SalesEstimated GrowthMarket Cap
COMM CommScope Holding Company
0.2x-0.08%US$977.93m
VSAT Viasat
0.2x1.8%US$876.93m
CMTL Comtech Telecommunications
0.2x4.3%US$84.44m
TESS TESSCO Technologies
0.2xn/aUS$83.30m
KVHI 0.9xIndustry Avg. 1.1xNo. of Companies12PS012345+
12 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: KVHI is good value based on its Price-To-Sales Ratio (0.9x) compared to the US Communications industry average (1.1x).


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 Ratio0.9x
Fair PS Ratio0.3x

Price-To-Sales vs Fair Ratio: KVHI is expensive based on its Price-To-Sales Ratio (0.9x) compared to the estimated Fair Price-To-Sales Ratio (0.3x).


Analyst Price Targets

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

Analyst Forecast: Insufficient data to show price forecast.


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