(NVEC) NVE - Overview
Sector: Technology | Industry: Semiconductors | Exchange: NASDAQ (USA) | Market Cap: 441m USD | Total Return: 41.9% in 12m
Avg Turnover: 13.2M
EPS Trend: -87.2%
Rev. Trend: -86.8%
Warnings
No concerns identified
Tailwinds
Supp Ema20
NVE Corporation (NVEC) specializes in spintronics, a nanotechnology that utilizes electron spin rather than charge to process and store data. The company designs and manufactures spintronic sensors and couplers used primarily in factory automation, medical devices, and the Industrial Internet of Things (IIoT). Its product portfolio includes magnetic sensors for motion detection, DC-to-DC converters for power management, and licensed MRAM (Magnetoresistive Random Access Memory) technology.
Operating within the semiconductor sector, NVE utilizes a business model focused on high-margin niche applications where spintronic components offer superior speed, size, and power efficiency compared to traditional semiconductor materials. The company generates revenue through direct product sales via distributors, research and development contracts, and intellectual property licensing. Spintronics is a critical field for the advancement of non-volatile memory, which retains data without a continuous power supply.
Investors can further evaluate the companys financial health and valuation metrics by visiting ValueRay. NVE Corporation was founded in 1989 and maintains its headquarters in Eden Prairie, Minnesota.
- Industrial automation demand drives revenue growth for spintronic sensor and coupler products
- Expansion of medical device applications increases high-margin custom sensor sales volume
- Growth in Industrial Internet of Things infrastructure boosts power conversion component demand
- Research and development contract awards impact short-term profitability and technology licensing
- Fluctuations in global semiconductor distribution channels affect quarterly inventory and sales cycles
| Net Income: 15.2m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.24 > 0.02 and ΔFCF/TA 3.46 > 1.0 |
| NWC/Revenue: 117.9% < 20% (prev 123.8%; Δ -5.87% < -1%) |
| CFO/TA 0.27 > 3% & CFO 16.7m > Net Income 15.2m |
| Net Debt (-18.9m) to EBITDA (16.4m): -1.16 < 3 |
| Current Ratio: 28.21 > 1.5 & < 3 |
| Outstanding Shares: last quarter (4.84m) vs 12m ago -0.00% < -2% |
| Gross Margin: 78.73% > 18% (prev 0.84%; Δ 7.79k% > 0.5%) |
| Asset Turnover: 42.08% > 50% (prev 40.26%; Δ 1.83% > 0%) |
| Interest Coverage Ratio: error (cannot be calculated; needs correct EBITDA TTM and Interest Expense TTM) |
| A: 0.51 (Total Current Assets 32.2m - Total Current Liabilities 1.14m) / Total Assets 60.9m |
| B: 0.63 (Retained Earnings 38.3m / Total Assets 60.9m) |
| C: 0.25 (EBIT TTM 15.9m / Avg Total Assets 62.6m) |
| D: 14.65 (Book Value of Equity 38.3m / Total Liabilities 2.62m) |
| Altman-Z'' = 22.50 = AAA |
| DSRI: 1.06 (Receivables 3.86m/3.59m, Revenue 26.3m/25.9m) |
| GMI: 1.06 (GM 78.73% / 83.63%) |
| AQI: 0.91 (AQ_t 0.40 / AQ_t-1 0.44) |
| SGI: 1.02 (Revenue 26.3m / 25.9m) |
| TATA: -0.02 (NI 15.2m - CFO 16.7m) / TA 60.9m) |
| Beneish M = -2.99 (Cap -4..+1) = A |
As of May 31, 2026, the stock is trading at USD 97.94 with a total of 155,962 shares traded.
Over the past week, the price has changed by +11.85%,
over one month by +27.49%,
over three months by +43.88% and
over the past year by +41.92%.
NVE has no consensus analysts rating.
| Analysts Target Price | 79 | -19.3% |
P/E Trailing = 29.0605
P/E Forward = 21.0526
P/S = 16.763
P/B = 7.5734
P/EG = 0.843
Revenue TTM = 26.3m USD
EBIT TTM = 15.9m USD
EBITDA TTM = 16.4m USD
Long Term Debt = 740k USD (estimated: total debt 906k - short term 165k)
Short Term Debt = 165k USD (from shortTermDebt, last quarter)
Debt = 906k USD (from shortLongTermDebtTotal, last quarter) (leases 906k already included)
Net Debt = -18.9m USD (calculated: Debt 906k - CCE 19.8m)
Enterprise Value = 422.5m USD (441.4m + Debt 906k - CCE 19.8m)
Interest Coverage Ratio = unknown (Ebit TTM 15.9m / Interest Expense TTM 0.0)
EV/FCF = 29.20x (Enterprise Value 422.5m / FCF TTM 14.5m)
FCF Yield = 3.42% (FCF TTM 14.5m / Enterprise Value 422.5m)
FCF Margin = 54.95% (FCF TTM 14.5m / Revenue TTM 26.3m)
Net Margin = 57.72% (Net Income TTM 15.2m / Revenue TTM 26.3m)
Gross Margin = 78.73% ((Revenue TTM 26.3m - Cost of Revenue TTM 5.60m) / Revenue TTM)
Gross Margin QoQ = 77.72% (prev 78.59%)
Tobins Q-Ratio = 6.94 (Enterprise Value 422.5m / Total Assets 60.9m)
Interest Expense / Debt = 0.0% (Interest Expense 0.0 / Debt 906k)
Taxrate = 4.91% (254k / 5.18m)
NOPAT = 15.1m (EBIT 15.9m * (1 - 4.91%))
Current Ratio = 28.21 (Total Current Assets 32.2m / Total Current Liabilities 1.14m)
Debt / Equity = 0.02 (Debt 906k / totalStockholderEquity, last quarter 58.2m)
Debt / EBITDA = -1.16 (Net Debt -18.9m / EBITDA 16.4m)
Debt / FCF = -1.31 (Net Debt -18.9m / FCF TTM 14.5m)
Total Stockholder Equity = 59.3m (last 4 quarters mean from totalStockholderEquity)
RoA = 24.29% (Net Income 15.2m / Total Assets 60.9m)
RoE = 25.61% (Net Income TTM 15.2m / Total Stockholder Equity 59.3m)
RoCE = 26.50% (EBIT 15.9m / Capital Employed (Equity 59.3m + L.T.Debt 740k))
RoIC = 25.28% (NOPAT 15.1m / Invested Capital 59.9m)
WACC = 11.46% (E(441.4m)/V(442.3m) * Re(11.48%) + D(906k)/V(442.3m) * Rd(0.0%) * (1-Tc(0.05)))
Discount Rate = 11.48% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 16.30 | Cagr: 0.02%
[DCF] Terminal Value 67.04% ; FCFF base≈13.9m ; Y1≈15.2m ; Y5≈19.1m
[DCF] Fair Price = 43.16 (EV 189.9m - Net Debt -18.9m = Equity 208.8m / Shares 4.84m; r=11.46% [WACC]; 5y FCF grow 10.84% → 2.50% )
EPS Correlation: -87.24 | EPS CAGR: -16.38% | SUE: N/A | # QB: 0
Revenue Correlation: -86.79 | Revenue CAGR: -14.44% | SUE: N/A | # QB: 0