Professional
Added to YB: 2024-04-25
Pitch date: 2024-04-24
IVAC [neutral]
Intevac, Inc.
+9.27%
current return
Author Info
Pernas Research is a former CIO of a $3.5B fund that now share actionable stock research. Sign up for the newsletter.
Company Info
Intevac, Inc. engages in the designing, developing, and manufacturing thin-film processing systems. It also offers vacuum process equipment solutions for manufacturing small substrates with precise thin-film properties, such as hard disk drive and other adjacent thin-film markets.
Market Cap
$108.5M
Pitch Price
$3.66
Price Target
N/A
Dividend
5.01%
EV/EBITDA
-1.92
P/E
-2.61
EV/Sales
0.75
Sector
Technology Hardware, Storage and Peripherals
Category
turnaround
Pernas Research Passes On: Intevac, Inc.
IVAC: HDD equipment maker, industry in decline but consolidating. 25% headcount cut but pursuing risky new segment for growth. 92% of rev from Seagate. Mrkt cap $97M, EV/EBITDA 5. Risky bet on cost cuts & industry dynamics outweighing customer concentration & new biz risk.
Read full article (1 min)