Emcore Corporation Intrinsic Stock Value – EMCORE Anticipates $20 Million Revenue Increase from Broadband Products
May 25, 2023
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EMCORE ($NASDAQ:EMKR) Corporation is a leading provider of advanced Mixed-Signal Optics products that provide the foundation for today’s high-speed communication network infrastructures. The company’s products enable the transmission of data, voice, video, and Internet communications across both fiber optic and copper networks. Recently, EMCORE Corporation has announced that it anticipates a $20 Million revenue increase from its Broadband products. The company is expecting to receive a significant boost in revenue due to the increasing demand for its broadband solutions. This increase in revenue will help the company to continue to innovate and expand its offerings in the near future.
The company’s Broadband products include a variety of components, such as amplifiers, receivers, cable modems, and other components that are used to increase the speed and throughput of broadband networks. EMCORE also offers advanced optical components, such as lasers and photodiodes, that are used for data transmission over fiber optic networks. EMCORE’s Broadband products are expected to have a positive impact on the company’s financial performance due to the increasing demand for high-speed communications infrastructures. The company is confident that its Broadband products will generate significant revenue in the near future as it continues to expand its customer base.
Earnings
EMCORE CORPORATION recently announced its latest earning report for FY2023 Q2 ending March 31 2023, which showed a total revenue of 26.82M USD, and a net income loss of 12.23M USD. This is a 17.9% decrease in total revenue from the previous year, and a three-year total revenue decrease from 38.41M USD to 26.82M USD. Despite these losses, EMCORE CORPORATION is expecting a major boost in their revenue from their broadband products, with an estimated increase of $20 million in the upcoming quarter. This could be a major turning point for the company and help to offset some of the losses incurred in the past few years.
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Emcore Corporation. More…
| Total Revenues | Net Income | Net Margin |
| 101.01 | -48.44 | -47.7% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Emcore Corporation. More…
| Operations | Investing | Financing |
| -12.13 | -62.7 | 14.35 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Emcore Corporation. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 188.07 | 74.47 | 2.87 |
Key Ratios Snapshot
Some of the financial key ratios for Emcore Corporation are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 3.6% | – | -45.6% |
| FCF Margin | ROE | ROA |
| -17.4% | -25.9% | -15.3% |
Price History
On Wednesday, EMCORE CORPORATION‘s stock opened at $0.9 and declined by 2.4% to close at $0.9. Despite the price decline, the company’s revenue is projected to increase significantly in the next quarter. According to EMCORE, the company expects to increase their revenue by $20 million due to increased demand for their broadband products. The company’s CEO, Jeff Rittichier, noted that the expected revenue increase would come from their high-performance products, which are tailored for the needs of residential and business customers alike.
This increase in revenue could be a boon for the company, as it will help to cushion the blow of the current economic downturn. EMCORE is confident that their products will continue to be in high demand, as they provide the quality and reliability needed for customer satisfaction. Live Quote…
Analysis – Emcore Corporation Intrinsic Stock Value
At GoodWhale, we have conducted a thorough analysis of EMCORE CORPORATION‘s wellbeing and our proprietary Valuation Line has calculated an estimated fair value of the company’s share to be around $2.8. Currently, EMCORE CORPORATION’s stock is trading at a price of $0.9, indicating that the share is undervalued by 67.4%. This finding provides an opportunity to investors who might be able to benefit by investing in the company at this low price. More…
Peers
The company’s products include light-emitting diodes (LEDs), indium phosphide (InP) optical chips and components, fiber optics, and solar cells. EMCORE’s competition includes nLight Inc, POET Technologies Inc, and Semtech Corp. These companies are also leaders in the optoelectronic industry and offer similar products and services. EMCORE differentiates itself through its vertically integrated business model, which allows the company to offer a complete solution to its customers. This one-stop-shop approach gives EMCORE a competitive advantage in the marketplace.
– nLight Inc ($NASDAQ:LASR)
NLight Inc. is a publicly traded company with a market capitalization of 524.2 million as of 2022. The company has a return on equity of -8.68%. NLight Inc is a provider of semiconductor and laser solutions for industrial, scientific, and commercial applications.
– POET Technologies Inc ($TSXV:PTK)
POET Technologies Inc is a fabless semiconductor company, which engages in the design, development, and commercialization of opto-electronic solutions. It operates through the following segments: Optical Interconnect and 3D Sensing. The Optical Interconnect segment offers photonic integrated circuits for data center, inter-data center, short-reach, and long-haul applications. The 3D Sensing segment provides solutions for gesture recognition, 3D reconstruction, and other applications. The company was founded on April 12, 1988 and is headquartered in Toronto, Canada.
– Semtech Corp ($NASDAQ:SMTC)
Semtech Corp is a technology company that designs, manufactures and markets a variety of analog and mixed-signal semiconductor products. The company’s products are used in a wide range of applications, including automotive, communications, computing, consumer, industrial, medical, military and mobile. Semtech’s products are sold to electronics manufacturers and distributors worldwide. The company has a market cap of 1.96B as of 2022 and a Return on Equity of 15.63%. Semtech Corp is a publicly traded company on the NASDAQ Stock Exchange under the ticker symbol SMTC.
Summary
EMCORE Corporation is an established semiconductor and optoelectronics company that is an attractive investment opportunity. With a broad product portfolio of optical and photonic products, the company has seen substantial revenue growth in recent years. Currently, the company is focused on the development of broadband products, with expectations of achieving approximately $20 million in revenue.
This investment opportunity offers potential for growth and stability, as the company has a long history and strong track record, with a presence in numerous markets. The company has also made significant investments in research and development, which could lead to future technological advancements.
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