Everspin Technologies Intrinsic Value Calculation – EVERSPIN TECHNOLOGIES Reports Q2 2023 Earnings Results for Fiscal Year 2023
August 8, 2023
🌥️Earnings Overview
EVERSPIN TECHNOLOGIES ($NASDAQ:MRAM) released their financial results for the quarter ending June 30 2023, which reported total revenue of USD 15.8 million. This reflected a 7.1% year-over-year increase compared to the same period in the prior year. Net income saw a dramatic 132.3% increase from the same period last year, totalling USD 3.9 million. The results were announced on August 3 2023.
Price History
EVERSPIN TECHNOLOGIES, the market leader in magnetic storage solutions, reported its financial results for the second quarter of 2023 which ended on June 30th. On Thursday, the stock opened at $9.6 and closed at $9.9, representing an increase of 7.5% from its previous closing price of $9.2. This increase in price is a testament to the company’s success in the fiscal year 2023. These impressive figures demonstrate that the company is well on its way to achieving success in their goals for the upcoming fiscal year.
This growth in cash will help the company fund future growth plans. Overall, EverSpin Technologies reported a strong second quarter for fiscal year 2023, with strong revenue and net income numbers as well as a growing cash position. With this success, investors can feel confident that the company will continue to grow and deliver amazing results in the upcoming fiscal year. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Everspin Technologies. More…
| Total Revenues | Net Income | Net Margin |
| 61.52 | 7.17 | 7.8% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Everspin Technologies. More…
| Operations | Investing | Financing |
| 13.67 | -2.84 | -3.06 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Everspin Technologies. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 57.27 | 11.2 | 2.22 |
Key Ratios Snapshot
Some of the financial key ratios for Everspin Technologies are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 14.7% | – | 12.0% |
| FCF Margin | ROE | ROA |
| 17.6% | 10.6% | 8.0% |
Analysis – Everspin Technologies Intrinsic Value Calculation
At GoodWhale, we have evaluated the financials of EVERSPIN TECHNOLOGIES to assess its worth. After analysing the financials, we have arrived at a fair market value of $7.5 for the share of this company. This value has been calculated through our proprietary Valuation Line. However, currently, EVERSPIN TECHNOLOGIES’ share is being traded at $9.9, which implies that it is significantly overvalued by 31.6%. We recommend investors to take this into consideration before taking any decision regarding investing in EVERSPIN TECHNOLOGIES’ stock. More…
Peers
The company is the market leader in MRAM (magnetoresistive random-access memory), with over 250 customers worldwide. Everspin’s main competitors are X-FAB Silicon Foundries SE, Addvalue Technologies Ltd, and SUESS MicroTec SE.
– X-FAB Silicon Foundries SE ($BER:XFB)
X-FAB Silicon Foundries SE is a leading global foundry company. The company’s market cap is 857.6M as of 2022 and its ROE is 4.97%. The company’s products and services include silicon wafers, analog-to-digital converters, mixed-signal circuits, and power management ICs. The company’s customers include major semiconductor companies, fabless semiconductor companies, and system-on-chip companies.
– Addvalue Technologies Ltd ($SGX:A31)
Addvalue Technologies Ltd is a Singapore-based company that provides satellite communications solutions. The company has a market capitalization of $42.15 million and a negative return on equity of 91.11%. Addvalue Technologies Ltd provides products and services for the maritime, land mobile, and enterprise markets. The company’s products and services include satellite phones, tracking and monitoring devices, and VSAT systems. Addvalue Technologies Ltd was founded in 1991 and is headquartered in Singapore.
– SUESS MicroTec SE ($LTS:0Q3C)
MicroTec SE is a German company that specializes in the development and manufacture of microelectronic production systems. The company has a market capitalization of 285.2 million as of 2022 and a return on equity of 7.7%. MicroTec SE’s products are used in a variety of industries, including automotive, aerospace, and medical. The company has a strong presence in Europe and Asia, and is expanding its operations into the United States.
Summary
EVERSPIN TECHNOLOGIES reported strong earnings results for the quarter ending June 30 2023, with total revenue up 7.1% year-over-year and net income up 132.3%. This news sent the stock price up the same day, indicating that investors are pleased with the company’s performance and prospects for continued growth. With the company’s core products being well-received and its financials showing positive momentum, EVERSPIN TECHNOLOGIES looks like an attractive investment opportunity. Analysts agree that the stock could have further room to appreciate, making it a good choice for investors seeking a promising long-term return on their capital.
Related Posts
Recent Posts
