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Everspin Technologies (Everspin Technologies) Intrinsic Value: Projected FCF : $1.77 (As of May. 16, 2024)


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What is Everspin Technologies Intrinsic Value: Projected FCF?

Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company. The details of how we calculate the intrinsic value of stocks are described in detail here.

As of today (2024-05-16), Everspin Technologies's Intrinsic Value: Projected FCF is $1.77. The stock price of Everspin Technologies is $6.26. Therefore, Everspin Technologies's Price-to-Intrinsic-Value-Projected-FCF of today is 3.5.

The historical rank and industry rank for Everspin Technologies's Intrinsic Value: Projected FCF or its related term are showing as below:

MRAM' s Price-to-Projected-FCF Range Over the Past 10 Years
Min: 3.52   Med: 6.11   Max: 10.24
Current: 3.54

During the past 10 years, the highest Price-to-Intrinsic-Value-Projected-FCF of Everspin Technologies was 10.24. The lowest was 3.52. And the median was 6.11.

MRAM's Price-to-Projected-FCF is ranked worse than
70.4% of 581 companies
in the Semiconductors industry
Industry Median: 2 vs MRAM: 3.54

Everspin Technologies Intrinsic Value: Projected FCF Historical Data

The historical data trend for Everspin Technologies's Intrinsic Value: Projected FCF can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Everspin Technologies Intrinsic Value: Projected FCF Chart

Everspin Technologies Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Intrinsic Value: Projected FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - -3.54 -1.96 1.48

Everspin Technologies Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Intrinsic Value: Projected FCF Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -1.04 -0.04 0.96 1.48 1.77

Competitive Comparison of Everspin Technologies's Intrinsic Value: Projected FCF

For the Semiconductors subindustry, Everspin Technologies's Price-to-Projected-FCF, along with its competitors' market caps and Price-to-Projected-FCF data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Everspin Technologies's Price-to-Projected-FCF Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Everspin Technologies's Price-to-Projected-FCF distribution charts can be found below:

* The bar in red indicates where Everspin Technologies's Price-to-Projected-FCF falls into.



Everspin Technologies Intrinsic Value: Projected FCF Calculation

Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company.

The details of how we calculate the intrinsic value of stocks are described in detail here.

This method smooths out the free cash flow over the past 6-7 years, multiplies the results by a growth multiple, and adds a portion of Total Stockholders Equity.

Intrinsic Value: Projected FCF = ( Growth Multiple * Free Cash Flow (6 year avg) + 0.8 * Total Stockholders Equity (most recent) ) / Shares Outstanding (Diluted Average)

In the case of negative Total Stockholders Equity, the following formula is used (see Explanation section below for the reason):

Intrinsic Value: Projected FCF = ( Growth Multiple * Free Cash Flow (6 year avg) + Total Stockholders Equity (most recent) / 0.8 ) / Shares Outstanding (Diluted Average)


Add all the Free Cash Flow together and divide 6 will get Everspin Technologies's Free Cash Flow(6 year avg) = $-0.73.

Everspin Technologies's Intrinsic Value: Projected FCF for today is calculated as

Intrinsic Value: Projected FCF=(Growth Multiple*Free Cash Flow (6 year avg)+Total Stockholders Equity (Mar24)*0.8)/Shares Outstanding (Diluted Average)
=(9.5203515959648*-0.72752+55.786*0.8)/21.252
=1.77

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Everspin Technologies  (NAS:MRAM) Intrinsic Value: Projected FCF Explanation

The growth multiple is capped between 8.35 and 17.74.

Total Stockholders Equity weighting is more art than science and it should always be revisited in more detail when researching a company. Weightings from 0% to 100% to more than 100% are possible. 80% was chosen as a happy median after taking the above ideas into consideration.

Everspin Technologies's Price-to-Intrinsic-Value-Projected-FCF for today is calculated as

Price-to-Intrinsic-Value-Projected-FCF=Share Price/Intrinsic Value: Projected FCF
=6.26/1.7740708548327
=3.53

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Everspin Technologies Intrinsic Value: Projected FCF Related Terms

Thank you for viewing the detailed overview of Everspin Technologies's Intrinsic Value: Projected FCF provided by GuruFocus.com. Please click on the following links to see related term pages.


Everspin Technologies (Everspin Technologies) Business Description

Traded in Other Exchanges
Address
5670 W. Chandler Boulevard, Suite 130, Chandler, AZ, USA, 85226
Everspin Technologies Inc is a provider of Magnetoresistive Random Access Memory (MRAM) products. Its portfolio of MRAM technologies, including Toggle MRAM and Spin-transfer Torque MRAM (STT-MRAM), delivers superior performance, persistence, and reliability in non-volatile memories that transform how mission-critical data is protected against power loss. The company derives revenue from the sale of MRAM-based products in discrete unit form, licenses of and royalties on MRAM and magnetic sensor technology, the sale of backend foundry services, and design services to third parties. It recognizes revenue in three primary geographic regions; North America; Europe, the Middle East, and Africa (EMEA); and Asia-Pacific (APAC).
Executives
Sanjeev Aggarwal officer: Vice President, Technology R&D EVERSPIN TECHNOLOGIES, INC., 5670 W. CHANDLER BOULEVARD, SUITE 130, CHANDLER AZ 85226
Anuj Aggarwal officer: Interim CFO EVERSPIN TECHNOLOGIES, INC., 5670 W. CHANDLER BOULEVARD, SUITE 130, CHANDLER AZ 85226
David Schrenk officer: VP Sales and Business C/O EVERSPIN TECHNOLOGIES, INC., 5670 CHANDLER BOULEVARD, SUITE 130, CHANDLER AZ 85226
Darin G Billerbeck director, officer: Interim CEO EVERSPIN TECHNOLOGIES, INC., 5670 W. CHANDLER BOULEVARD, SUITE 130, CHANDLER AZ 85226
Geoffrey G Ribar director
Michael B Gustafson director 380 INTERLOCKEN CRESCENT, BROOMFIELD CO 80021
Troy Winslow officer: VP, Sales and Marketing C/O EVERSPIN TECHNOLOGIES, INC., 5670 W. CHANDLER ROAD, CHANDLER CA 85226
Glen Hawk director EVERSPIN TECHNOLOGIES, INC., 5670 W. CHANDLER BOULEVARD, SUITE 130, CHANDLER AZ 85226
Tara Long director EVERSPIN TECHNOLOGIES, INC., 5670 W. CHANDLER BOULEVARD, SUITE 130, CHANDLER AZ 85226
Stephen Socolof director, 10 percent owner C/O EVERSPIN TECHNOLOGIES, INC., 1347 N. ALMA SCHOOL ROAD, SUITE 220, CHANDLER AZ 85224
Aparna Oka officer: Corporate Controller 5670 W CHANDLER BLVD, SUITE 100, CHANDLER AZ 85226
Lawrence G Finch director C/O EVERSPIN TECHNOLOGIES, INC.,, 5670 W. CHANDLER BOULEVARD, SUITE 130, CHANDLER AZ 85226
Geoffrey Tate other: Former Director 4440 EL CAMINO REAL, LOS ALTOS CA 94022
Daniel Berenbaum officer: CFO C/O EVERSPIN TECHNOLOGIES, INC., 5670 W. CHANDLER BLVD., SUITE 100, CHANDLER AZ 85226
Matthew Tenorio officer: Interim CFO, PFO and PAO C/O EVERSPIN TECHNOLOGIES, INC., 5670 W. CHANDLER BLVD., SUITE 100, CHANDLER AZ 85226