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Vuzix

DB:V7XN
Snowflake Description

High growth potential with adequate balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
V7XN
DB
$74M
Market Cap
  1. Home
  2. DE
  3. Consumer Durables
Company description

Vuzix Corporation designs, manufactures, markets, and sells augmented reality (AR) wearable display devices in North America, the Asia-Pacific, Europe, and internationally. The last earnings update was 7 days ago. More info.


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V7XN Share Price and Events
7 Day Returns
-4.9%
DB:V7XN
-1.1%
DE Consumer Durables
0.1%
DE Market
1 Year Returns
-60.4%
DB:V7XN
2.9%
DE Consumer Durables
8.8%
DE Market
V7XN Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Vuzix (V7XN) -4.9% -2.1% 4.4% -60.4% -71.3% -
DE Consumer Durables -1.1% 3.5% 4.1% 2.9% -5.9% 11.6%
DE Market 0.1% 5.9% 15% 8.8% 14.5% 21%
1 Year Return vs Industry and Market
  • V7XN underperformed the Consumer Durables industry which returned 2.9% over the past year.
  • V7XN underperformed the Market in Germany which returned 8.8% over the past year.
Price Volatility
V7XN
Industry
5yr Volatility vs Market
Related Companies

Value

 Is Vuzix undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Vuzix to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Vuzix.

DB:V7XN Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 4 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 5.5%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:V7XN
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Consumer Durables Unlevered Beta Simply Wall St/ S&P Global 0.81
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.815 (1 + (1- 21%) (0.76%))
0.879
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.88
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (0.879 * 5.96%)
5.47%

Discounted Cash Flow Calculation for DB:V7XN using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Vuzix is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

DB:V7XN DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 5.47%)
2020 -19.10 Analyst x1 -18.11
2021 -16.90 Analyst x1 -15.19
2022 -8.10 Analyst x1 -6.90
2023 11.50 Analyst x1 9.29
2024 17.34 Est @ 50.76% 13.29
2025 23.51 Est @ 35.6% 17.08
2026 29.39 Est @ 24.99% 20.25
2027 34.55 Est @ 17.56% 22.57
2028 38.82 Est @ 12.36% 24.04
2029 42.20 Est @ 8.72% 24.78
Present value of next 10 years cash flows $91.00
DB:V7XN DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $42.20 × (1 + 0.23%) ÷ (5.47% – 0.23%)
$807.40
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $807.40 ÷ (1 + 5.47%)10
$474.16
DB:V7XN Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $91.00 + $474.16
$565.16
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $565.16 / 33.13
$17.06
DB:V7XN Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:V7XN represents 0.89911x of NasdaqCM:VUZI
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.89911x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (USD) x Listing Adjustment Factor
= $ 17.06 x 0.89911
€15.34
Value per share (EUR) From above. €15.34
Current discount Discount to share price of €2.01
= -1 x (€2.01 - €15.34) / €15.34
86.9%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Vuzix is available for.
Intrinsic value
>50%
Share price is €2.01 vs Future cash flow value of €15.34
Current Discount Checks
For Vuzix to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Vuzix's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Vuzix's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Vuzix's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Vuzix's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:V7XN PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-09-30) in USD $-0.84
NasdaqCM:VUZI Share Price ** NasdaqCM (2019-11-14) in USD $2.24
Germany Consumer Durables Industry PE Ratio Median Figure of 8 Publicly-Listed Consumer Durables Companies 17.05x
Germany Market PE Ratio Median Figure of 402 Publicly-Listed Companies 19.83x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Vuzix.

DB:V7XN PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqCM:VUZI Share Price ÷ EPS (both in USD)

= 2.24 ÷ -0.84

-2.66x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Vuzix is loss making, we can't compare its value to the DE Consumer Durables industry average.
  • Vuzix is loss making, we can't compare the value of its earnings to the Germany market.
Price based on expected Growth
Does Vuzix's expected growth come at a high price?
Raw Data
DB:V7XN PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -2.66x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts
56.4%per year
Germany Consumer Durables Industry PEG Ratio Median Figure of 5 Publicly-Listed Consumer Durables Companies 0.97x
Germany Market PEG Ratio Median Figure of 255 Publicly-Listed Companies 1.36x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Vuzix, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Vuzix's assets?
Raw Data
DB:V7XN PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-09-30) in USD $1.02
NasdaqCM:VUZI Share Price * NasdaqCM (2019-11-14) in USD $2.24
Germany Consumer Durables Industry PB Ratio Median Figure of 12 Publicly-Listed Consumer Durables Companies 1.69x
Germany Market PB Ratio Median Figure of 577 Publicly-Listed Companies 1.83x
DB:V7XN PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqCM:VUZI Share Price ÷ Book Value per Share (both in USD)

= 2.24 ÷ 1.02

2.2x

* Primary Listing of Vuzix.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Vuzix is overvalued based on assets compared to the DE Consumer Durables industry average.
X
Value checks
We assess Vuzix's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Consumer Durables industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Consumer Durables industry average (and greater than 0)? (1 check)
  5. Vuzix has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Vuzix expected to perform in the next 1 to 3 years based on estimates from 4 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
56.4%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Vuzix expected to grow at an attractive rate?
  • Vuzix's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Vuzix's earnings growth is expected to exceed the Germany market average.
  • Vuzix's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:V7XN Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:V7XN Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts 56.4%
DB:V7XN Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 4 Analysts 65.2%
Germany Consumer Durables Industry Earnings Growth Rate Market Cap Weighted Average 15%
Germany Consumer Durables Industry Revenue Growth Rate Market Cap Weighted Average 4.4%
Germany Market Earnings Growth Rate Market Cap Weighted Average 12.7%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.9%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:V7XN Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:V7XN Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 167 17 21 1
2022-12-31 90 -5 -1 1
2021-12-31 45 -14 -13 1
2020-12-31 19 -14 -17 4
2019-12-31 7 -20 -22 1
2019-11-14
DB:V7XN Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-09-30 7 -23 -24
2019-06-30 7 -21 -24
2019-03-31 8 -22 -25
2018-12-31 8 -23 -24
2018-09-30 8 -22 -24
2018-06-30 7 -22 -25
2018-03-31 6 -19 -23
2017-12-31 6 -16 -21
2017-09-30 5 -16 -22
2017-06-30 4 -16 -21
2017-03-31 3 -15 -21
2016-12-31 2 -14 -21

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Vuzix's earnings are expected to grow significantly at over 20% yearly.
  • Vuzix's revenue is expected to grow significantly at over 20% yearly.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:V7XN Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below

All data from Vuzix Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:V7XN Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31 0.45 0.45 0.45 1.00
2022-12-31 -0.02 -0.02 -0.02 1.00
2021-12-31 -0.28 -0.28 -0.28 1.00
2020-12-31 -0.47 -0.43 -0.50 4.00
2019-12-31 -0.72 -0.64 -0.78 4.00
2019-11-14
DB:V7XN Past Financials Data
Date (Data in USD Millions) EPS *
2019-09-30 -0.84
2019-06-30 -0.86
2019-03-31 -0.90
2018-12-31 -0.87
2018-09-30 -0.93
2018-06-30 -1.01
2018-03-31 -1.00
2017-12-31 -1.02
2017-09-30 -1.09
2017-06-30 -1.13
2017-03-31 -1.20
2016-12-31 -1.23

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Vuzix will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Vuzix's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Germany market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Vuzix has a total score of 5/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Vuzix performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Vuzix's growth in the last year to its industry (Consumer Durables).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Vuzix does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Vuzix's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Vuzix's 1-year growth to the DE Consumer Durables industry average as it is not currently profitable.
Earnings and Revenue History
Vuzix's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Vuzix Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:V7XN Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-09-30 6.70 -24.36 10.43 10.06
2019-06-30 7.46 -23.65 10.67 10.26
2019-03-31 7.92 -24.72 11.91 10.84
2018-12-31 8.09 -23.70 11.80 10.38
2018-09-30 7.71 -23.98 12.55 9.49
2018-06-30 7.19 -24.66 12.51 8.46
2018-03-31 5.87 -22.56 10.75 7.09
2017-12-31 5.54 -21.35 9.82 6.71
2017-09-30 4.56 -21.78 9.43 6.20
2017-06-30 3.74 -21.29 9.02 6.87
2017-03-31 2.97 -21.30 8.76 7.34
2016-12-31 2.13 -20.87 8.51 6.95
2016-09-30 2.05 -18.02 7.64 6.53
2016-06-30 2.44 -15.39 7.12 5.29
2016-03-31 2.30 -13.66 6.64 4.36
2015-12-31 2.75 -14.94 7.92 3.60
2015-09-30 3.05 -17.36 7.51 2.77
2015-06-30 2.75 -17.85 6.85 2.31
2015-03-31 3.04 -14.83 6.27 1.87
2014-12-31 3.03 -7.87 3.83 1.75
2014-09-30 2.80 -7.25 3.46 1.72
2014-06-30 2.47 -5.80 3.31 1.71
2014-03-31 2.45 -7.70 3.41 1.83
2013-12-31 2.39 -10.15 3.26 1.75
2013-09-30 2.49 -5.85 3.22 1.63
2013-06-30 2.91 -5.11 3.23 1.42
2013-03-31 2.86 -4.62 3.18 1.22
2012-12-31 3.23 -4.75 3.41 1.15

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Vuzix has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Vuzix has efficiently used its assets last year compared to the DE Consumer Durables industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Vuzix improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Vuzix's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Consumer Durables industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Vuzix has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Vuzix's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Vuzix's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Vuzix is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Vuzix's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Vuzix's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Vuzix has no debt, it does not need to be covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Vuzix Company Filings, last reported 1 month ago.

DB:V7XN Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-30 33.59 0.00 15.64
2019-06-30 19.79 0.00 3.36
2019-03-31 24.51 0.00 10.09
2018-12-31 30.46 0.00 17.26
2018-09-30 35.60 0.00 23.47
2018-06-30 38.96 0.00 29.15
2018-03-31 44.58 0.00 36.07
2017-12-31 21.38 0.00 14.89
2017-09-30 15.15 0.00 8.68
2017-06-30 11.92 0.00 6.13
2017-03-31 14.95 0.52 10.40
2016-12-31 17.72 1.42 14.53
2016-09-30 10.29 1.33 5.94
2016-06-30 8.86 1.47 4.59
2016-03-31 12.55 1.39 8.21
2015-12-31 16.09 1.28 11.88
2015-09-30 19.39 1.27 16.07
2015-06-30 21.37 1.16 20.05
2015-03-31 23.09 1.16 22.88
2014-12-31 -14.40 1.25 0.08
2014-09-30 -9.97 1.26 0.56
2014-06-30 -8.47 1.47 1.97
2014-03-31 -8.96 0.50 0.27
2013-12-31 -13.04 0.55 0.31
2013-09-30 -8.00 0.73 2.57
2013-06-30 -8.70 3.61 0.08
2013-03-31 -7.06 3.47 0.53
2012-12-31 -6.21 3.15 0.07
  • Vuzix has no debt.
  • Vuzix currently has no debt however we can't compare to 5 years ago as we have no data for that period.
CASH RUNWAY ANALYSIS

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

  • Vuzix has less than a year of cash runway based on current free cash flow.
  • Vuzix has less than a year of cash runway if free cash flow continues to grow at historical rates of 19.3% each year.
X
Financial health checks
We assess Vuzix's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Vuzix has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Vuzix's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Vuzix dividends.
If you bought €2,000 of Vuzix shares you are expected to receive €0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Vuzix's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Vuzix's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:V7XN Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below
Germany Consumer Durables Industry Average Dividend Yield Market Cap Weighted Average of 6 Stocks 3.1%
Germany Market Average Dividend Yield Market Cap Weighted Average of 334 Stocks 2.9%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.7%
Germany Bottom 25% Dividend Yield 25th Percentile 1.4%
Germany Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:V7XN Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31
2020-12-31
2019-12-31
2019-11-14

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Vuzix has not reported any payouts.
  • Unable to verify if Vuzix's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Vuzix's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Vuzix has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Vuzix's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.7%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Vuzix afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Vuzix has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Vuzix's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Paul Travers
COMPENSATION $731,250
AGE 58
TENURE AS CEO 22.8 years
CEO Bio

Mr. Paul J. Travers and has been President and Chief Executive Officer of Vuzix Corporation since 1997. Mr. Travers is responsible for setting the direction of Vuzix. He was the Founder of Vuzix Corporation (Alternate Name, Icuiti Corporation). He founded both e-Tek and Forte Technologies Inc. and has been a driving force behind the development of cutting edge display products. He has more than 30 years of experience in the electronics field and 25 years’ experience in the virtual reality and virtual display fields, he is a nationally recognized expert in the industry. Mr. Travers also sits on the Board of several Rochester based companies. Mr. Travers has been a Director of Vuzix Corporation since November 1997. He holds an Associate Degree in Engineering Science from Canton, ATC and a Bachelor of Science degree in Electrical and Computer Engineering from Clarkson University.

CEO Compensation
  • Paul's compensation has increased whilst company is loss making.
  • Paul's remuneration is higher than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Vuzix management team in years:

3.1
Average Tenure
58
Average Age
  • The tenure for the Vuzix management team is about average.
Management Team

Paul Travers

TITLE
Founder
COMPENSATION
$731K
AGE
58
TENURE
22.8 yrs

Grant Russell

TITLE
CFO, Executive VP
COMPENSATION
$665K
AGE
66
TENURE
19.6 yrs

Zach Stone

TITLE
Vice President of Operations
TENURE
1.4 yrs

Matt Margolis

TITLE
Director of Corporate Communications & Investor Relations

Nate Bank

TITLE
Corporate Counsel
TENURE
0.8 yrs

Charlotte Walker

TITLE
Vice President of Corporate Communications

Brad Craig

TITLE
Head of Developer Relations Activities
TENURE
4.3 yrs

Steven Ward

TITLE
Corporate Secretary
AGE
58

Alex Kelly

TITLE
Director of Innovation & Strategic Partnerships
TENURE
2 yrs

Ed McGregor

TITLE
Director of Institutional Investor Relations
Board of Directors Tenure

Average tenure and age of the Vuzix board of directors in years:

5.3
Average Tenure
60.5
Average Age
  • The tenure for the Vuzix board of directors is about average.
Board of Directors

Paul Travers

TITLE
Founder
COMPENSATION
$731K
AGE
58

Grant Russell

TITLE
CFO, Executive VP
COMPENSATION
$665K
AGE
66
TENURE
10.6 yrs

Alex Ruckdaeschel

TITLE
Independent Director
COMPENSATION
$188K
AGE
47
TENURE
7 yrs

Ed Kay

TITLE
Independent Director
COMPENSATION
$189K
AGE
63
TENURE
3.6 yrs

Tim Harned

TITLE
Independent Director
COMPENSATION
$208K
TENURE
2.4 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
11. Jun 19 Buy Paul Travers Individual 11. Jun 19 11. Jun 19 3,400 €2.45 €8,334
10. Jun 19 Buy Paul Travers Individual 06. Jun 19 06. Jun 19 5,000 €1.71 €8,573
11. Jun 19 Buy Edward Kay Individual 07. Jun 19 07. Jun 19 10,000 €1.78 €17,793
07. Jun 19 Buy Timothy Harned Individual 07. Jun 19 07. Jun 19 4,000 €1.68 €6,736
06. Jun 19 Buy Grant Russell Individual 05. Jun 19 05. Jun 19 12,000 €1.72 €20,547
05. Jun 19 Buy Paul Travers Individual 05. Jun 19 05. Jun 19 6,000 €1.77 €10,616
04. Jun 19 Buy Paul Travers Individual 04. Jun 19 04. Jun 19 5,000 €1.74 €8,675
03. Jan 19 Buy Edward Kay Individual 31. Dec 18 31. Dec 18 5,000 €4.19 €20,926
26. Dec 18 Buy Timothy Harned Individual 24. Dec 18 24. Dec 18 1,000 €3.97 €3,974
20. Dec 18 Buy Paul Travers Individual 19. Dec 18 19. Dec 18 3,700 €4.60 €17,034
X
Management checks
We assess Vuzix's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Vuzix has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

Vuzix Corporation designs, manufactures, markets, and sells augmented reality (AR) wearable display devices in North America, the Asia-Pacific, Europe, and internationally. The company offers its products in the form of smart glasses and AR glasses. Its products include monocular smart glasses for enterprise, industrial, commercial, and medical markets; and blade smart sunglasses for applications ranging from basic text messaging and answering the phone to overlaying mapping directions, menus, weather, events, stock quotes, video conferencing, sports updates, social feeds, bio-metrics, and others. The company is also developing a binocular AR smart glasses product that provides the user a live, direct, or indirect view of a real-world environment. Its AR wearable display devices are worn like eyeglasses or attach to a head worn mount to view, record, and interact with video and digital content, such as computer data, the Internet, social media, and entertainment applications. In addition, the company offers an app store on its Websites, which enables users to download and purchase applications, including third party applications; VUZIX Basics, an application that provides the benefits of smart glasses to users; and VUZIX Basics Video that offers remote telepresence capabilities. Further, it provides waveguide optics and design reference kits; custom and engineering solutions; and defense and security products. Vuzix Corporation offers its products directly to end customers, as well as through specialty retailers, online retailers, distributors, value-added resellers, and Web stores. The company was formerly known as Icuiti Corporation and changed its name to Vuzix Corporation in 2007. Vuzix Corporation was founded in 1997 and is headquartered in West Henrietta, New York.

Details
Name: Vuzix Corporation
V7XN
Exchange: DB
Founded: 1997
$67,388,383
33,128,620
Website: http://www.vuzix.com
Address: Vuzix Corporation
25 Hendrix Road,
Suite A,
West Henrietta,
New York, 14586,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqCM VUZI Common Stock Nasdaq Capital Market US USD 05. Jan 2010
DB V7XN Common Stock Deutsche Boerse AG DE EUR 05. Jan 2010
Number of employees
Current staff
Staff numbers
82
Vuzix employees.
Industry
Consumer Electronics
Consumer Durables
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/11/14 21:26
End of day share price update: 2019/11/14 00:00
Last estimates confirmation: 2019/11/08
Last earnings filing: 2019/11/07
Last earnings reported: 2019/09/30
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.