KVH Industries
Market Cap
US$227.9m
Last Updated
2021/01/19 23:29 UTC
Data Sources
Company Financials +
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
Rewards
Risk Analysis
Currently unprofitable and not forecast to become profitable over the next 3 years
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 is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 6% a week.
Volatility Over Time: KVHI's weekly volatility (6%) has been stable over the past year.
Market Performance
7 Day Return
3.0%
KVHI
-0.3%
US Communications
0.3%
US Market
1 Year Return
11.4%
KVHI
-1.5%
US Communications
21.1%
US Market
Return vs Industry: KVHI exceeded the US Communications industry which returned -1.8% over the past year.
Return vs Market: KVHI underperformed the US Market which returned 19.5% over the past year.
Shareholder returns
| KVHI | Industry | Market | |
|---|---|---|---|
| 7 Day | 3.0% | -0.3% | 0.3% |
| 30 Day | 18.7% | 2.7% | 3.3% |
| 90 Day | 34.0% | 19.5% | 14.2% |
| 1 Year | 11.4%11.4% | 1.3%-1.5% | 23.8%21.1% |
| 3 Year | 4.6%4.6% | 15.7%7.4% | 45.0%35.4% |
| 5 Year | 40.4%40.4% | 98.5%75.9% | 127.7%102.3% |
Long-Term 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
1 week ago | Simply Wall St
Health Check: How Prudently Does KVH Industries (NASDAQ:KVHI) Use Debt?1 month ago | Simply Wall St
This Insider Has Just Sold Shares In KVH Industries, Inc. (NASDAQ:KVHI)1 month ago | Simply Wall St
Here's What KVH Industries, Inc.'s (NASDAQ:KVHI) Shareholder Ownership Structure Looks LikeValuation
Is KVH Industries undervalued compared to its fair value and its price relative to the market?
1.62x
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 (1.6x) compared to the US Communications industry average (2.5x).
Next Steps
Future Growth
How is KVH Industries forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
57.2%
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 (11.6% per year) is forecast to grow faster than the US market (10.3% per year).
High Growth Revenue: KVHI's revenue (11.6% 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?
-35.6%
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 35.6% 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 (-0.1%).
Return on Equity
High ROE: KVHI has a negative Return on Equity (-9.41%), 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 ($101.5M) exceed its short term liabilities ($38.7M).
Long Term Liabilities: KVHI's short term assets ($101.5M) exceed its long term liabilities ($12.0M).
Debt to Equity History and Analysis
Debt Level: KVHI's debt to equity ratio (4.9%) is considered satisfactory.
Reducing Debt: KVHI's debt to equity ratio has reduced from 58.6% to 4.9% 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 56.3% 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)
31yrs
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 above average for companies of similar size in the US market ($USD1.01M).
Compensation vs Earnings: Martin A.'s compensation has increased whilst the company is unprofitable.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Co-Founder | 31yrs | US$1.44m | 4.92% $ 11.2m | |
| Interim CFO & COO | 1yr | US$891.28k | 0.78% $ 1.8m | |
| Consultant | 0.17yr | US$686.61k | 0.30% $ 675.6k | |
| VP, Chief Accounting Officer & Corporate Controller | 4.33yrs | no data | 0.059% $ 135.2k | |
| Chief Technology Officer | 2yrs | US$528.82k | 0.49% $ 1.1m | |
| Senior VP | 13.42yrs | US$493.97k | 0.31% $ 711.1k | |
| Chief Marketing Officer & Senior VP of Strategy | 3.17yrs | no data | 0.19% $ 426.9k | |
| Executive Vice President of Inertial Navigation Group | 8.17yrs | US$513.53k | 0.62% $ 1.4m | |
| Executive Vice President of Mobile Connectivity | 7.67yrs | no data | 0.28% $ 630.1k | |
| Head of Business Development for Crewlink & Projects | no data | no data | no data | |
| Director of Marketing | no data | no data | no data |
4.3yrs
Average Tenure
54yo
Average Age
Experienced Management: KVHI's management team is considered experienced (4.3 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Co-Founder | 31yrs | US$1.44m | 4.92% $ 11.2m | |
| Lead Independent Director | 9yrs | US$132.05k | 0.89% $ 2.0m | |
| Director | 3.58yrs | US$81.25k | 0.29% $ 669.6k | |
| Independent Director | 24yrs | US$128.90k | 0.91% $ 2.1m | |
| Independent Director | 22yrs | US$131.00k | 0.72% $ 1.6m | |
| Independent Director | 0.75yr | no data | 0.16% $ 373.5k | |
| Independent Director | 0.58yr | no data | 0.055% $ 124.5k |
9.0yrs
Average Tenure
61yo
Average Age
Experienced Board: KVHI's board of directors are considered experienced (9 years average tenure).
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 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$227.868m
- Shares outstanding: 18.30m
- Website: https://www.kvh.com
Number of Employees
Location
- KVH Industries, Inc.
- 50 Enterprise Center
- Middletown
- Rhode Island
- 2842
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| KVHI | NasdaqGS (Nasdaq Global Select) | Yes | Common Stock | US | USD | Apr 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
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/01/19 23:29 |
| End of Day Share Price | 2021/01/19 00:00 |
| Earnings | 2020/09/30 |
| Annual Earnings | 2019/12/31 |
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.