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MVIS

MicroVision NasdaqGM:MVIS Stock Report

Last Price

US$4.25

Market Cap

US$702.1m

7D

13.6%

1Y

-75.3%

Updated

26 Jun, 2022

Data

Company Financials +
MVIS fundamental analysis
Snowflake Score
Valuation0/6
Future Growth5/6
Past Performance0/6
Financial Health5/6
Dividends0/6

MVIS Stock Overview

MicroVision, Inc. develops lidar sensors used in automotive safety and autonomous driving applications.

MicroVision Competitors

Price History & Performance

Summary of all time highs, changes and price drops for MicroVision
Historical stock prices
Current Share PriceUS$4.25
52 Week HighUS$18.93
52 Week LowUS$2.50
Beta3.49
1 Month Change14.25%
3 Month Change1.68%
1 Year Change-75.31%
3 Year Change427.82%
5 Year Change100.47%
Change since IPO-89.88%

Recent News & Updates

Jun 14
Companies Like MicroVision (NASDAQ:MVIS) Are In A Position To Invest In Growth

Companies Like MicroVision (NASDAQ:MVIS) Are In A Position To Invest In Growth

Just because a business does not make any money, does not mean that the stock will go down. For example, biotech and...

Shareholder Returns

MVISUS ElectronicUS Market
7D13.6%4.5%6.6%
1Y-75.3%-19.7%-18.4%

Return vs Industry: MVIS underperformed the US Electronic industry which returned -19.7% over the past year.

Return vs Market: MVIS underperformed the US Market which returned -18.4% over the past year.

Price Volatility

Is MVIS's price volatile compared to industry and market?
MVIS volatility
MVIS Average Weekly Movement16.8%
Electronic Industry Average Movement7.4%
Market Average Movement8.1%
10% most volatile stocks in US Market16.6%
10% least volatile stocks in US Market3.2%

Stable Share Price: MVIS is more volatile than 90% of US stocks over the past 3 months, typically moving +/- 17% a week.

Volatility Over Time: MVIS's weekly volatility (17%) has been stable over the past year, but is still higher than 75% of US stocks.

About the Company

FoundedEmployeesCEOWebsite
199396Sumit Sharmahttps://www.microvision.com

MicroVision, Inc. develops lidar sensors used in automotive safety and autonomous driving applications. Its laser beam scanning technology is based on micro-electrical mechanical systems, laser diodes, opto-mechanics, electronics, algorithms, and software. The company also develops micro-display concepts and designs for head-mounted augmented reality (AR) headsets, as well as 1440i MEMS module that can support AR headsets; Interactive Display modules used in smart speakers and other devices; and Consumer Lidar used in smart home systems.

MicroVision Fundamentals Summary

How do MicroVision's earnings and revenue compare to its market cap?
MVIS fundamental statistics
Market CapUS$702.14m
Earnings (TTM)-US$50.14m
Revenue (TTM)US$2.37m

296.2x

P/S Ratio

-14.0x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
MVIS income statement (TTM)
RevenueUS$2.37m
Cost of RevenueUS$11.00k
Gross ProfitUS$2.36m
Other ExpensesUS$52.50m
Earnings-US$50.14m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)-0.30
Gross Margin99.54%
Net Profit Margin-2,114.59%
Debt/Equity Ratio0.09%

How did MVIS perform over the long term?

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

Valuation

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

Valuation Score

0/6

Valuation Score 0/6

  • Price-To-Book vs Peers

  • Price-To-Book vs Industry

  • Price-To-Book vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

MVIS 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/Revenue255x
Enterprise Value/EBITDA-12.3x
PEG Ration/a

Price to Book Ratio vs Peers

How does MVIS's PB Ratio compare to its peers?

MVIS PB Ratio vs Peers
The above table shows the PB ratio for MVIS vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPBEstimated GrowthMarket Cap
Peer Average2.1x
FARO FARO Technologies
1.8x130.7%US$573.4m
AEVA Aeva Technologies
1.8x59.8%US$778.0m
MASS 908 Devices
2.9x-0.9%US$599.3m
INVZ Innoviz Technologies
2x33.5%US$558.4m
MVIS MicroVision
6.8x55.3%US$702.1m

Price-To-Book vs Peers: MVIS is expensive based on its Price-To-Book Ratio (6.8x) compared to the peer average (2.1x).


Price to Earnings Ratio vs Industry

How does MVIS's PE Ratio compare vs other companies in the US Electronic Industry?

Price-To-Book vs Industry: MVIS is expensive based on its Price-To-Book Ratio (6.8x) compared to the US Electronic industry average (1.9x)


Price to Book Ratio vs Fair Ratio

What is MVIS's PB Ratio compared to its Fair PB Ratio? This is the expected PB Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

MVIS PB Ratio vs Fair Ratio.
Fair Ratio
Current PB Ratio6.8x
Fair PB Ration/a

Price-To-Book vs Fair Ratio: Insufficient data to calculate MVIS's Price-To-Book Fair Ratio for valuation analysis.


Share Price vs Fair Value

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

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

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


Price to Earnings Growth Ratio

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


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Future Growth

How is MicroVision forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

Future Growth Score

5/6

Future Growth Score 5/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


55.3%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

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

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

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

Revenue vs Market: MVIS's revenue (60.1% per year) is forecast to grow faster than the US market (8.4% per year).

High Growth Revenue: MVIS's revenue (60.1% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if MVIS's Return on Equity is forecast to be high in 3 years time


Discover growth companies

Past Performance

How has MicroVision 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


-7.6%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: MVIS is currently unprofitable.

Growing Profit Margin: MVIS is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: MVIS is unprofitable, and losses have increased over the past 5 years at a rate of 7.6% per year.

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

Earnings vs Industry: MVIS is unprofitable, making it difficult to compare its past year earnings growth to the Electronic industry (33%).


Return on Equity

High ROE: MVIS has a negative Return on Equity (-48.46%), as it is currently unprofitable.


Discover strong past performing companies

Financial Health

How is MicroVision'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: MVIS's short term assets ($106.9M) exceed its short term liabilities ($9.4M).

Long Term Liabilities: MVIS's short term assets ($106.9M) exceed its long term liabilities ($4.9M).


Debt to Equity History and Analysis

Debt Level: MVIS has more cash than its total debt.

Reducing Debt: Insufficient data to determine if MVIS's debt to equity ratio has reduced 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: MVIS has sufficient cash runway for more than a year based on its current free cash flow.

Forecast Cash Runway: MVIS has sufficient cash runway for 2.3 years if free cash flow continues to reduce at historical rates of 9.1% each year.


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Dividend

What is MicroVision 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

  • Future Dividend Coverage

Dividend Yield vs Market

Notable Dividend: Unable to evaluate MVIS's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

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

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


Discover strong dividend paying companies

Management

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

0.8yrs

Average management tenure


CEO

Sumit Sharma (47 yo)

2.33yrs

Tenure

US$4,548,622

Compensation

Mr. Sumit Sharma has been the Chief Executive Officer and Director of MicroVision, Inc. since February 24, 2020. Mr. Sharma served as the Chief Operating Officer of MicroVision, Inc. since June 5, 2018 unt...


CEO Compensation Analysis

Compensation vs Market: Sumit's total compensation ($USD4.55M) is about average for companies of similar size in the US market ($USD4.02M).

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


Leadership Team

Experienced Management: MVIS's management team is not considered experienced ( 0.8 years average tenure), which suggests a new team.


Board Members

Experienced Board: MVIS's board of directors are not considered experienced ( 2.2 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: Insufficient data to determine if 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 4.6%.


Top Shareholders

Company Information

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


Key Information

  • Name: MicroVision, Inc.
  • Ticker: MVIS
  • Exchange: NasdaqGM
  • Founded: 1993
  • Industry: Electronic Equipment and Instruments
  • Sector: Tech
  • Implied Market Cap: US$702.142m
  • Shares outstanding: 165.21m
  • Website: https://www.microvision.com

Number of Employees


Location

  • MicroVision, Inc.
  • 6244 185th Avenue NE
  • Suite 100
  • Redmond
  • Washington
  • 98052
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/06/26 00:00
End of Day Share Price2022/06/24 00:00
Earnings2022/03/31
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.