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KVHI

KVH Industries NasdaqGS:KVHI Stock Report

Last Price

US$9.19

Market Cap

US$175.3m

7D

-5.9%

1Y

-4.8%

Updated

25 Sep, 2022

Data

Company Financials +
KVHI fundamental analysis
Snowflake Score
Valuation1/6
Future Growth3/6
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$9.19
52 Week HighUS$11.99
52 Week LowUS$6.89
Beta0.48
1 Month Change-4.57%
3 Month Change5.03%
1 Year Change-4.77%
3 Year Change-15.22%
5 Year Change-23.10%
Change since IPO21.51%

Recent News & Updates

Shareholder Returns

KVHIUS CommunicationsUS Market
7D-5.9%-5.7%-5.2%
1Y-4.8%-22.4%-23.0%

Return vs Industry: KVHI exceeded the US Communications industry which returned -22.4% over the past year.

Return vs Market: KVHI exceeded the US Market which returned -23.1% over the past year.

Price Volatility

Is KVHI's price volatile compared to industry and market?
KVHI volatility
KVHI Average Weekly Movement4.7%
Communications Industry Average Movement7.3%
Market Average Movement6.9%
10% most volatile stocks in US Market15.8%
10% least volatile stocks in US Market2.8%

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$175.30m
Earnings (TTM)-US$6.20m
Revenue (TTM)US$169.04m

1.0x

P/S Ratio

-28.3x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
KVHI income statement (TTM)
RevenueUS$169.04m
Cost of RevenueUS$109.57m
Gross ProfitUS$59.47m
Other ExpensesUS$65.67m
Earnings-US$6.20m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)-0.32
Gross Margin35.18%
Net Profit Margin-3.67%
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

1/6

Valuation Score 1/6

  • 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/Revenue1x
Enterprise Value/EBITDA-207.4x
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 Average1x
MIMO Airspan Networks Holdings
1.1x31.3%US$188.1m
CRNT Ceragon Networks
0.5x7.7%US$160.9m
SILC Silicom
1.7x17.1%US$230.9m
INSG Inseego
0.9x12.5%US$227.1m
KVHI KVH Industries
1x-1.7%US$175.3m

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


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 (1.3x)


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 Ratio0.6x

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 (0.6x).


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

3/6

Future Growth Score 3/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


119.0%

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 is expected to decline over the next 3 years (-1.7% per year).

High Growth Revenue: KVHI's revenue is forecast to decline over the next 3 years (-1.7% 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


-3.6%

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 3.6% 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 (11.6%).


Return on Equity

High ROE: KVHI has a negative Return on Equity (-5%), 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 ($85.0M) exceed its short term liabilities ($33.1M).

Long Term Liabilities: KVHI's short term assets ($85.0M) exceed its long term liabilities ($5.2M).


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 45.9%.


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 2.9 years if free cash flow continues to reduce at historical rates of 38.5% 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.


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Management

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

3.7yrs

Average management tenure


CEO

Brent Bruun (56 yo)

0.50yr

Tenure

US$874,142

Compensation

Mr. Brent C. Bruun is President and Chief Executive Officer at KVH Industries, Inc. from June 21, 2022 and serves as its Director since June 2022. He had been Interim President and Chief Executive Officer...


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 (3.7 years average tenure).


Board Members

Experienced Board: KVHI's board of directors are not considered experienced ( 1.3 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

NasdaqGS:KVHI Recent Insider Transactions by Companies or Individuals
DateValueNameEntityRoleSharesMax Price
16 Aug 22BuyUS$4,394,603Black Diamond Capital Management, L.L.C.Company462,619US$9.50
04 Aug 22SellUS$1,933Jennifer BakerIndividual237US$8.16
04 Aug 22SellUS$10,010Felise FeingoldIndividual1,227US$8.16
04 Aug 22SellUS$15,003Robert BalogIndividual1,839US$8.16
04 Aug 22SellUS$18,347Brent BruunIndividual2,249US$8.16
08 Jun 22SellUS$2,804Jennifer BakerIndividual340US$8.25
08 Jun 22SellUS$26,682Felise FeingoldIndividual3,235US$8.25
08 Jun 22SellUS$21,371Robert BalogIndividual2,591US$8.25
08 Jun 22SellUS$16,034Brent BruunIndividual1,944US$8.25
08 Jun 22SellUS$11,151Daniel ConwayIndividual1,352US$8.25
04 Apr 22SellUS$12,667Robert BalogIndividual1,374US$9.22
04 Apr 22SellUS$8,675Brent BruunIndividual941US$9.22
04 Apr 22SellUS$15,082Felise FeingoldIndividual1,636US$9.22
04 Apr 22SellUS$6,730Daniel ConwayIndividual730US$9.22
04 Apr 22SellUS$3,402Jennifer BakerIndividual369US$9.22
09 Mar 22BuyUS$92,212Cathy-Ann Martine-DoleckiIndividual10,000US$9.22
15 Feb 22SellUS$14,900Elizabeth JacksonIndividual1,793US$8.31
20 Jan 22SellUS$637Martin A. Van HeyningenIndividual70US$9.10

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Top 25 shareholders own 69.93% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
17.29%
Black Diamond Capital Management, L.L.C.
3,298,597$30.3m16.31%10.83%
9.73%
Systematic Financial Management LP
1,855,530$17.1m1.84%0.56%
9.6%
Needham Investment Management, LLC
1,830,500$16.8m1.69%3.4%
5.28%
Dimensional Fund Advisors LP
1,006,921$9.3m3.86%no data
4.83%
Martin A. Van Heyningen
921,484$8.5m-0.13%no data
3.58%
The Vanguard Group, Inc.
682,024$6.3m-2.11%no data
3%
Potomac Capital Management Inc.
571,500$5.3m0.07%7.14%
2.04%
Brian Kahn
390,050$3.6m0%no data
1.98%
BlackRock, Inc.
377,649$3.5m-65.17%no data
1.75%
Columbia Management Investment Advisers, LLC
334,230$3.1m-32.87%no data
1.36%
Bradley Radoff
260,000$2.4m0%no data
1.22%
Kennedy Capital Management, Inc.
232,600$2.1m0%0.06%
0.81%
Brent Bruun
153,579$1.4m-1.44%no data
0.8%
Charles Trimble
151,847$1.4m6.93%no data
0.8%
Renaissance Technologies LLC
151,800$1.4m-30.62%no data
0.79%
First Republic Investment Management, Inc.
149,796$1.4m5.33%no data
0.76%
Camelot Event-Driven Advisors, LLC
145,009$1.3m1350.09%2.72%
0.75%
Geode Capital Management, LLC
142,785$1.3m-44.27%no data
0.65%
Roumell Asset Management, LLC
123,122$1.1m0%2.21%
0.63%
Daniel Conway
119,660$1.1m-1.71%no data
0.57%
Jacobs Levy Equity Management Inc
107,855$991.2k-0.35%0.01%
0.48%
Robert Balog
91,933$844.9k-1.96%no data
0.45%
Investment Management of Virginia, LLC
86,148$791.7k-18.59%0.17%
0.43%
Brinker Capital Investments, LLC
81,825$752.0k-7.81%0.02%
0.38%
James Dodez
72,119$662.8k15.61%no data

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$175.300m
  • Shares outstanding: 19.08m
  • 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

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/09/25 00:00
End of Day Share Price2022/09/23 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.