NVEC
NVE Corporation [NVEC] Stock Forecast
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NVE Corporation (NVEC) Q2 2024 Earnings Conference Call Transcript
NVE Corporation (NASDAQ:NVEC ) Q2 2024 Earnings Conference Call October 19, 2023 5:00 PM ET Company Participants Daniel Baker - CEO and President Daniel Nelson - Accounting Manager & Principal Financial Officer Conference Call Participants Jeffrey Bernstein - Silverberg Bernstein Capital Management Collin McBirney - Topline Capital Management Operator Hello, and welcome to NVE Corporation Conference Call on Second Quarter Results. At this time, all participants are in a listen-only mode.
Buy NVE Corporation: Bargain Growth Valuation Won't Last
NVE Corporation is a small semiconductor company with patented technologies for miniature-sized, low-energy, durable sensors and MRAM memory products. The company's stock quote has risen nicely over the last 14 months, but remains undervalued with strong profit margins and returns on capital. If the company continues to grow at its current rate, the stock price could potentially double to $150 a share in the next 12-18 months.
NVE Schedules Conference Call on First-Quarter Results
EDEN PRAIRIE, Minn., July 12, 2023 (GLOBE NEWSWIRE) -- NVE Corporation (Nasdaq: NVEC) announced that it plans to release its financial results for the quarter ended June 30, 2023, on Wednesday, July 19, 2023, after the close of the Nasdaq Regular Market. The company will hold its quarterly conference call later that day at 4:00 p.m. Central Time.
NVE Corp.: Strong Momentum Builds A Buy Case
NVE Corporation is a solid investment in the spintronics market, with strong growth potential and a 91% YoY increase in revenue. NVEC has a stable balance sheet, with a negative net debt and a total liabilities/cash ratio of 1.3, allowing for potential debt to fuel research and development. Despite risks such as competition and supply-demand issues, NVEC's current valuation and strong growth make it a buy for investors seeking exposure to the rapidly growing market.
Will Fed Rate-Hike Pause Lead To Small-Cap Outperformance?
Domestic small caps, as tracked by the iShares Russell 2000 ETF NYSEARCA: IWM have significantly underperformed larger stocks in the past three months. You can easily compare performance of that ETF versus the large-cap SPDR S&P 500 ETF Trust NYSEARCA: SPY.
NVE Schedules Conference Call on Fourth-Quarter and Fiscal Year Results
EDEN PRAIRIE, Minn., April 24, 2023 (GLOBE NEWSWIRE) -- NVE Corporation (Nasdaq: NVEC) announced that it plans to release its financial results for the quarter and fiscal year ended March 31, 2023 on Wednesday, May 3, 2023 after the close of the Nasdaq Regular Market. The company will hold its quarterly conference call later that day at 4:00 p.m. Central Time.
NVE Corporation (NVEC) Q3 2023 Earnings Call Transcript
NVEC Corporation (NASDAQ:NVEC ) Q3 2023 Results Conference Call January 25, 2023 5:00 PM ET Company Participants Daniel Baker - President and Chief Executive Officer Joseph Schmitz - Chief Financial Officer Conference Call Participants Jeffrey Bernstein - Cowen Alex Woodward - Bridge City Capital Jeffrey Bernstein - Cowen Walter Morris - Baraboo Growth Operator Good day, and thank you for standing by. Welcome to NVE conference call on third quarter results.
NVE Schedules Conference Call on Third-Quarter Results
EDEN PRAIRIE, Minn., Jan. 16, 2023 (GLOBE NEWSWIRE) -- NVE Corporation (Nasdaq: NVEC) announced that it plans to release its financial results for the quarter and nine months ended December 31, 2022 on Wednesday, January 25, 2023 after the close of the Nasdaq Regular Market. The company will hold its quarterly conference call later that day at 4:00 p.m. Central Time.
NVE Corporation: Locking In Profit Never Hurts
NVE Corporation has not done all that well for most of 2022, but that seems to have changed in the last few months thanks to the Q2 FY2023 report. The Q2 report suggests NVEC has found a solution for some of the issues that have weighed on the stock, sending the stock soaring higher.
NVE Corporation (NVEC) Q2 2023 Earnings Call Transcript
NVE Corporation (NASDAQ:NVEC ) Q2 2023 Earnings Conference Call October 19, 2022 5:00 PM ET Company Participants Dan Baker - President and Chief Executive Officer Joe Schmitz - Chief Financial Officer Conference Call Participants Jeffrey Bernstein - Cowen Irwin Silverberg - Cowen Stanley Kesselman - Maxim Group Operator Good day, and welcome to the NVE Conference Call on Second Quarter Results. At this time, all participants are in a listen-only mode.
NVEC Financial details
NVEC Financial Performance
Yearly Fundamentals Overview
Last date of statement is 2023-03-31
| Metric | History | 2019-03-31 | 2020-03-31 | 2021-03-31 | 2022-03-31 | 2023-03-31 |
|---|---|---|---|---|---|---|
| 2.02K | 2.02K | 2.02K | 2.02K | 2.02K | ||
| Revenue per share | 5.46 | 5.24 | 4.42 | 5.58 | 7.92 | |
| Net income per share | 3 | 3 | 2.42 | 3 | 4.7 | |
| Operating cash flow per share | 2.94 | 3.28 | 2.76 | 2.59 | 3.95 | |
| Free cash flow per share | 2.92 | 3.27 | 2.75 | 2.49 | 3.76 | |
| Cash per share | 4 | 5.6 | 3.75 | 6.47 | 3.56 | |
| Book value per share | 17.09 | 16.1 | 14.67 | 13.36 | 13.89 | |
| Tangible book value per share | 17.09 | 16.1 | 14.67 | 13.36 | 13.89 | |
| Share holders equity per share | 17.09 | 16.1 | 14.67 | 13.36 | 13.89 | |
| Interest debt per share | -0.37 | 0.17 | 0.15 | 0.37 | -0.19 | |
| Market cap | 478.1M | 252.12M | 338.87M | 263.29M | 400.91M | |
| Enterprise value | 471.23M | 244.89M | 329.17M | 253.44M | 399.76M | |
| P/E ratio | 32.95 | 17.36 | 28.98 | 18.15 | 17.67 | |
| Price to sales ratio | 18.06 | 9.92 | 15.86 | 9.76 | 10.48 | |
| POCF ratio | 33.62 | 15.86 | 25.36 | 21.06 | 21 | |
| PFCF ratio | 33.79 | 15.91 | 25.47 | 21.91 | 22.08 | |
| P/B Ratio | 5.78 | 3.23 | 4.78 | 4.08 | 5.98 | |
| PTB ratio | 5.78 | 3.23 | 4.78 | 4.08 | 5.98 | |
| EV to sales | 17.8 | 9.64 | 15.41 | 9.39 | 10.45 | |
| Enterprise value over EBITDA | 29.59 | 15.78 | 25.83 | 15.52 | 15.59 | |
| EV to operating cash flow | 33.14 | 15.41 | 24.63 | 20.27 | 20.94 | |
| EV to free cash flow | 33.3 | 15.46 | 24.75 | 21.09 | 22.02 | |
| Earnings yield | 0.03 | 0.06 | 0.03 | 0.06 | 0.06 | |
| Free cash flow yield | 0.03 | 0.06 | 0.04 | 0.05 | 0.05 | |
| Debt to equity | 0 | 0.01 | 0.01 | 0.01 | 0.01 | |
| Debt to assets | 0 | 0.01 | 0.01 | 0.01 | 0.01 | |
| Net debt to EBITDA | -0.43 | -0.47 | -0.76 | -0.6 | -0.04 | |
| Current ratio | 32.84 | 43.19 | 23.71 | 16.9 | 16.8 | |
| Interest coverage | -8.92 | 0 | 0 | 13.94 | -17.7 | |
| Income quality | 0.98 | 1.09 | 1.14 | 0.86 | 0.84 | |
| Dividend Yield | 0.04 | 0.08 | 0.06 | 0.07 | 0.05 | |
| Payout ratio | 1.34 | 1.33 | 1.65 | 1.33 | 0.85 | |
| Sales general and administrative to revenue | 0.05 | 0 | 0 | 0 | 0 | |
| Research and developement to revenue | 0.16 | 0.15 | 0.15 | 0.11 | 0.07 | |
| Intangibles to total assets | 0 | 0 | 0 | 0 | 0 | |
| Capex to operating cash flow | 0 | 0 | 0 | -0.04 | -0.05 | |
| Capex to revenue | 0 | 0 | 0 | -0.02 | -0.02 | |
| Capex to depreciation | -0.1 | -0.09 | -0.12 | -1.14 | -3.63 | |
| Stock based compensation to revenue | 0 | 0 | 0 | 0 | 0 | |
| Graham number | 33.94 | 32.95 | 28.25 | 30.03 | 38.31 | |
| ROIC | 0.16 | 0.16 | 0.14 | 0.21 | 0.32 | |
| Return on tangible assets | 0.17 | 0.18 | 0.16 | 0.22 | 0.33 | |
| Graham Net | 4.73 | 6.11 | 4.12 | 7.13 | 4.78 | |
| Working capital | 26.61M | 33.59M | 23.34M | 39.05M | 28.95M | |
| Tangible asset value | 82.78M | 78M | 70.89M | 64.57M | 67.08M | |
| Net current asset value | 26.61M | 32.88M | 22.75M | 38.6M | 28.61M | |
| Invested capital | 0 | 0.01 | 0.01 | 0.01 | 0.01 | |
| Average receivables | 2.94M | 2.84M | 2.33M | 3.33M | 5.61M | |
| Average payables | 395.08K | 281.09K | 261.79K | 640.06K | 612.62K | |
| Average inventory | 3.96M | 4.07M | 3.89M | 4.49M | 5.75M | |
| Days sales outstanding | 41.3 | 38.69 | 33.56 | 63.63 | 62.24 | |
| Days payables outstanding | 26.25 | 13.96 | 29.81 | 54.99 | 12.75 | |
| Days of inventory on hand | 298.44 | 289.99 | 345.46 | 296.56 | 290.51 | |
| Receivables turnover | 8.84 | 9.43 | 10.88 | 5.74 | 5.86 | |
| Payables turnover | 13.9 | 26.15 | 12.24 | 6.64 | 28.62 | |
| Inventory turnover | 1.22 | 1.26 | 1.06 | 1.23 | 1.26 | |
| ROE | 0.18 | 0.19 | 0.16 | 0.22 | 0.34 | |
| Capex per share | -0.01 | -0.01 | -0.01 | -0.1 | -0.19 |
Quarterly Fundamentals Overview
Last date of statement is 2023-09-30 for Q2
| Metric | History | 2022-09-30 | 2022-12-31 | 2023-03-31 | 2023-06-30 | 2023-09-30 |
|---|---|---|---|---|---|---|
| 2.02K | 2.02K | 2.02K | 2.02K | 2.02K | ||
| Revenue per share | 2.22 | 1.53 | 2.65 | 1.83 | 1.48 | |
| Net income per share | 1.26 | 0.88 | 1.7 | 0.91 | 0.98 | |
| Operating cash flow per share | 1.25 | 1.12 | 0.9 | 1.04 | 1.11 | |
| Free cash flow per share | 1.25 | 0.93 | 0.89 | 1.04 | 1.11 | |
| Cash per share | 2.88 | 2.56 | 3.56 | 2.82 | 2.93 | |
| Book value per share | 13.19 | 13.14 | 13.89 | 13.77 | 13.76 | |
| Tangible book value per share | 13.19 | 13.14 | 13.89 | 13.77 | 13.76 | |
| Share holders equity per share | 13.19 | 13.14 | 13.89 | 13.77 | 13.76 | |
| Interest debt per share | 0.04 | 0.2 | 0.04 | 0.01 | 0.09 | |
| Market cap | 225.36M | 312.8M | 400.91M | 470.85M | 397.02M | |
| Enterprise value | 222.31M | 311.32M | 399.76M | 469.88M | 390.5M | |
| P/E ratio | 9.25 | 18.48 | 12.17 | 26.73 | 21.01 | |
| Price to sales ratio | 21.03 | 42.26 | 31.33 | 53.31 | 55.66 | |
| POCF ratio | 37.43 | 57.95 | 92.32 | 93.7 | 74.08 | |
| PFCF ratio | 37.43 | 69.29 | 92.92 | 93.77 | 74.25 | |
| P/B Ratio | 3.54 | 4.93 | 5.98 | 7.08 | 5.97 | |
| PTB ratio | 3.54 | 4.93 | 5.98 | 7.08 | 5.97 | |
| EV to sales | 20.74 | 42.06 | 31.24 | 53.21 | 54.74 | |
| Enterprise value over EBITDA | 30.53 | 64.21 | 44.9 | 86.57 | 83.54 | |
| EV to operating cash flow | 36.93 | 57.68 | 92.06 | 93.5 | 72.86 | |
| EV to free cash flow | 36.93 | 68.96 | 92.66 | 93.58 | 73.03 | |
| Earnings yield | 0.03 | 0.01 | 0.02 | 0.01 | 0.01 | |
| Free cash flow yield | 0.03 | 0.01 | 0.01 | 0.01 | 0.01 | |
| Debt to equity | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | |
| Debt to assets | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | |
| Net debt to EBITDA | -0.42 | -0.3 | -0.13 | -0.18 | -1.39 | |
| Current ratio | 7.65 | 11.64 | 16.8 | 20.46 | 26.14 | |
| Interest coverage | -20.52 | 11.87 | -26.36 | -12.3 | 0 | |
| Income quality | 0.99 | 1.28 | 0.53 | 1.14 | 1.13 | |
| Dividend Yield | 0.02 | 0.02 | 0.01 | 0.01 | 0.01 | |
| Payout ratio | 0.79 | 1.14 | 0.59 | 1.1 | 1.02 | |
| Sales general and administrative to revenue | 0 | 0 | 0 | 0 | 0 | |
| Research and developement to revenue | 0.06 | 0.09 | 0.05 | 0.08 | 0.1 | |
| Intangibles to total assets | 0 | 0 | 0 | 0 | 0.17 | |
| Capex to operating cash flow | 0 | -0.16 | -0.01 | 0 | 0 | |
| Capex to revenue | 0 | -0.12 | 0 | 0 | 0 | |
| Capex to depreciation | 0 | -30.53 | -0.4 | -0.07 | -0.23 | |
| Stock based compensation to revenue | 0 | 0 | 0 | 0 | 0.01 | |
| Graham number | 19.34 | 16.09 | 23.07 | 16.8 | 17.39 | |
| ROIC | 0.09 | 0.06 | 0.12 | 0.06 | 0.06 | |
| Return on tangible assets | 0.09 | 0.06 | 0.12 | 0.06 | 0.08 | |
| Graham Net | 3.6 | 3.08 | 4.78 | 3.98 | 3.85 | |
| Working capital | 22.75M | 19.97M | 28.95M | 24.74M | 24.16M | |
| Tangible asset value | 63.72M | 63.46M | 67.08M | 66.55M | 55.24M | |
| Net current asset value | 22.37M | 19.57M | 28.61M | 24.44M | 23.9M | |
| Invested capital | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | |
| Average receivables | 4.69M | 3.98M | 4.31M | 5.96M | 4.16M | |
| Average payables | 347.35K | 435.1K | 376.32K | 220.43K | 201.7K | |
| Average inventory | 5.67M | 6.13M | 6.44M | 6.35M | 6.63M | |
| Days sales outstanding | 49.21 | 25.5 | 45.88 | 55 | 36.79 | |
| Days payables outstanding | 14.96 | 28.67 | 10.02 | 6.89 | 13.74 | |
| Days of inventory on hand | 217.06 | 393.22 | 228.34 | 272.31 | 391.97 | |
| Receivables turnover | 1.83 | 3.53 | 1.96 | 1.64 | 2.45 | |
| Payables turnover | 6.02 | 3.14 | 8.98 | 13.07 | 6.55 | |
| Inventory turnover | 0.41 | 0.23 | 0.39 | 0.33 | 0.23 | |
| ROE | 0.1 | 0.07 | 0.12 | 0.07 | 0.07 | |
| Capex per share | 0 | -0.18 | -0.01 | 0 | 0 |
NVEC Frequently Asked Questions
What is NVE Corporation stock symbol ?
NVE Corporation is a US stock , located in Eden prairie of Mn and trading under the symbol NVEC
What is NVE Corporation stock quote today ?
NVE Corporation stock price is $73.78 today.
Is NVE Corporation stock public?
Yes, NVE Corporation is a publicly traded company.
Company Profile
- Volume Average 34.83K
- Market Capitalization 356.61M
- Employee 51
- CEO Dr. Daniel A. Baker Ph.D.
- Headquarters Eden Prairie,MN,US
- IPO Date 1995-05-23
-
Website
https://www.nve.com 
NVE Corporation develops and sells devices that use spintronics, a nanotechnology that relies on electron spin to acquire, store, and transmit information in the United States and internationally. The company manufactures spintronic products, including sensors and couplers for use in acquiring and transmitting data. Its products comprise standard sensors to detect the presence of a magnetic or metallic material to determine position or speed primarily for the factory automation market; and custom and medical sensors for medical devices to replace electromechanical magnetic switches. The company also offers spintronic couplers for industrial Internet of Things market. In addition, it undertakes contracts for research and development, and licensing of spintronic magnetoresistive random access memory technology. NVE Corporation was founded in 1989 and is headquartered in Eden Prairie, Minnesota.
