Nve Corp /New/ (NASDAQ: NVEC)

Sector: Technology Industry: Semiconductors CIK: 0000724910
P/B 5.72
P/E 24.70
P/S 13.78
Market Cap 341.58 Mn
ROIC (Qtr) 19.08
Div Yield % 7.08
Rev 1y % (Qtr) -6.09
Total Debt (Qtr) 962,342.00
Debt/Equity (Qtr) 0.02

About

Stock Price Chart

Analysis

Pros

  • Strong operating cash flow of 14.31M provides robust 14.87x coverage of total debt 962342, indicating excellent debt servicing capability and financial flexibility.
  • Healthy cash reserves of 5.11M provide 32.78x coverage of short-term debt 155800, demonstrating strong liquidity position and minimal refinancing risk.
  • Strong tangible asset base of 61.49M provides 63.90x coverage of total debt 962342, indicating robust asset backing and low credit risk.
  • Operating cash flow of 14.31M provides strong 140.73x coverage of stock compensation 101672, indicating sustainable incentive practices.
  • Robust free cash flow of 13.05M exceeds capital expenditure of 1.26M by 10.35x, indicating strong organic growth funding capability.

Cons

  • Operating cash flow of 14.31M provides thin coverage of dividend payments of (19.35M) with a -0.74 ratio, suggesting potential dividend sustainability issues if operational performance deteriorates.
  • Long-term investments of 27.84M represent a high 7.34x of fixed assets 3.80M, indicating potential overexposure to financial assets versus operational capabilities.
  • Short-term investments of 12.64M exceed receivables of 2.44M by 5.18x, indicating potentially inefficient capital allocation given collection cycle needs.

Peer Comparison

Companies in the Semiconductors
S.No. Ticker Company Market Cap P/E P/S Total Debt (Qtr)
1 NVDA Nvidia Corp 4,276.26 Bn 43.11 22.85 10.48 Bn
2 AVGO Broadcom Inc. 1,690.87 Bn 89.31 28.22 64.23 Bn
3 TSM Taiwan Semiconductor Manufacturing Co Ltd 1,514.32 Bn 29.36 12.71 31.18 Bn
4 AMD Advanced Micro Devices Inc 343.27 Bn 103.83 10.72 3.87 Bn
5 MU Micron Technology Inc 269.16 Bn 31.52 7.20 15.28 Bn
6 INTC Intel Corp 249.55 Bn 1,260.33 4.67 46.55 Bn
7 QCOM Qualcomm Inc/De 195.62 Bn 35.30 4.42 14.81 Bn
8 TXN Texas Instruments Inc 163.92 Bn 32.50 9.49 14.05 Bn

Industry Comparisons

Current Valuation

Metric Value Industry Percentile
EV to Assets 5.52 3.95
EV to Cash from Ops. 23.71 -331.60
EV to Debt 352.52 86.14
EV to EBIT 20.29 -55.96
EV to EBITDA 22.63 20.88
EV to Free Cash Flow [EV/FCF] 26.00 -4.09
EV to Market Cap 0.99 0.80
EV to Revenue 13.69 18.79
Price to Book Value [P/B] 5.72 5.23
Price to Earnings [P/E] 24.70 12.47

Dividend Metrics

Metric Value Industry Percentile
Dividend Coverage Ratio 0.71 2.29
Dividend Payout Ratio % 139.90 8.00
Dividend per Basic Share 4.00 0.62
FCF Dividend Payout Ratio % 148.31 10.38
Interest Coverage 0.00 8.19

Growth Metrics

Metric Value Industry Percentile
Capex Growth (1y) % -12.01 -155.77
Cash and Equivalents Growth (1y) % 64.96 44.44
Dividend Growth (1y) % 0.00 5.30
EBIAT Growth (1y) % -14.23 34.22
EBITDA Growth (1y) % -14.95 47.50
EBIT Growth (1y) % -13.23 30.14
EBT Growth (1y) % -13.23 47.04
EPS Growth (1y) % -14.11 36.18
FCF Growth (1y) % -11.38 252.76
Gross Profit Growth (1y) % -10.98 43.92

Liquidity Ratios

Metric Value Industry Percentile
Asset Utilization Ratio 0.40 0.49
Cash Payout Ratio 1.24 0.09
Cash Ratio 5.26 2.23
Current Ratio 29.64 5.43
Debt to Equity Ratio 0.02 0.34
Interest Cover Ratio 0.00 8.19
Times Interest Earned 0.00 8.19

Profitability

Metric Value Industry Percentile
EBITDA Margin % 68.90 -112.44
EBIT Margin % 67.48 -92.10
EBT Margin % 67.48 -132.39
Gross Margin % 80.30 47.63
Net Profit Margin % 55.80 -133.41