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Intevac, Inc. (NASDAQ:IVAC) is a stock with outstanding fundamental characteristics. When we build an investment case, we need to look at the stock with a holistic perspective. In the case of IVAC, it is a financially-healthy company with a a excellent growth outlook, not yet factored into the price. Below, I've touched on some key aspects you should know on a high level. If you're interested in understanding beyond my broad commentary, take a look at the report on Intevac here.
Good value with reasonable growth potential
IVAC's share price is trading at below its true value, meaning that the market sentiment for the stock is currently bearish. Investors have the opportunity to buy into the stock to reap capital gains, if IVAC's projected earnings trajectory does follow analyst consensus growth, which determines my intrinsic value of the company. Compared to the rest of the tech industry, IVAC is also trading below its peers of similar sizes in terms of their assets. This bolsters the proposition that IVAC's price is currently discounted.
IVAC is financially robust, with ample cash on hand and short-term investments to meet upcoming liabilities. This implies that IVAC manages its cash and cost levels well, which is a crucial insight into the health of the company. IVAC seems to have put its debt to good use, generating operating cash levels of 0.25x total debt in the most recent year. This is also a good indication as to whether debt is properly covered by the company’s cash flows.
For Intevac, I've put together three relevant aspects you should further examine:
- Historical Performance: What has IVAC's returns been like over the past? Go into more detail in the past track record analysis and take a look at the free visual representations of our analysis for more clarity.
- Dividend Income vs Capital Gains: Does IVAC return gains to shareholders through reinvesting in itself and growing earnings, or redistribute a decent portion of earnings as dividends? Our historical dividend yield visualization quickly tells you what your can expect from IVAC as an investment.
- Other Attractive Alternatives : Are there other well-rounded stocks you could be holding instead of IVAC? Explore our interactive list of stocks with large potential to get an idea of what else is out there you may be missing!
We aim to bring you long-term focused research analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.
If you spot an error that warrants correction, please contact the editor at email@example.com. This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Simply Wall St has no position in the stocks mentioned. Thank you for reading.