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Firsthand Technology Value Fund

Nasdaq:SVVC
Snowflake Description

Excellent balance sheet and overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
SVVC
Nasdaq
$23M
Market Cap
  1. Home
  2. US
  3. Diversified Financials
Company description

Firsthand Technology Value Fund, Inc. is a business development company specializes in investments in start-up, late, development stage, and PIPEs. The last earnings update was 24 days ago. More info.


Add to Portfolio Compare Print
  • Firsthand Technology Value Fund is a fund or ETF! Currently our data availability for these is poor, we only recommend using them as part of a portfolio.
  • Firsthand Technology Value Fund has significant price volatility in the past 3 months.
SVVC Share Price and Events
7 Day Returns
-3.7%
NasdaqGS:SVVC
9.3%
US Capital Markets
8%
US Market
1 Year Returns
-72.3%
NasdaqGS:SVVC
-6.8%
US Capital Markets
-8.1%
US Market
SVVC Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Firsthand Technology Value Fund (SVVC) -3.7% -34% -47.8% -72.3% -58.2% -77.4%
US Capital Markets 9.3% -1.9% -20% -6.8% 12.1% 28.4%
US Market 8% -4.5% -17.8% -8.1% 13.2% 23.7%
1 Year Return vs Industry and Market
  • SVVC underperformed the Capital Markets industry which returned -6.8% over the past year.
  • SVVC underperformed the Market in United States of America which returned -8.1% over the past year.
Price Volatility
SVVC
Industry
5yr Volatility vs Market

SVVC Value

 Is Firsthand Technology Value Fund 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
  • It is not possible to calculate the future cash flow value for Firsthand Technology Value Fund. This is due to cash flow or dividend data being unavailable. The share price is $3.3893.
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 Firsthand Technology Value Fund's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Firsthand Technology Value Fund's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqGS:SVVC PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in USD $-8.99
NasdaqGS:SVVC Share Price ** NasdaqGS (2020-04-08) in USD $3.39
United States of America Capital Markets Industry PE Ratio Median Figure of 92 Publicly-Listed Capital Markets Companies 34.33x
United States of America Market PE Ratio Median Figure of 2,949 Publicly-Listed Companies 13.31x

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

** Primary Listing of Firsthand Technology Value Fund.

NasdaqGS:SVVC PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGS:SVVC Share Price ÷ EPS (both in USD)

= 3.39 ÷ -8.99

-0.38x

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

  • Firsthand Technology Value Fund is loss making, we can't compare its value to the US Capital Markets industry average.
  • Firsthand Technology Value Fund is loss making, we can't compare the value of its earnings to the United States of America market.
Price based on expected Growth
Does Firsthand Technology Value Fund's expected growth come at a high price?
Raw Data
NasdaqGS:SVVC PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -0.38x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
United States of America Capital Markets Industry PEG Ratio Median Figure of 36 Publicly-Listed Capital Markets Companies 1.68x
United States of America Market PEG Ratio Median Figure of 2,009 Publicly-Listed Companies 0.9x

*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 Firsthand Technology Value Fund, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Firsthand Technology Value Fund's assets?
Raw Data
NasdaqGS:SVVC PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in USD $17.70
NasdaqGS:SVVC Share Price * NasdaqGS (2020-04-08) in USD $3.39
United States of America Capital Markets Industry PB Ratio Median Figure of 192 Publicly-Listed Capital Markets Companies 8.6x
United States of America Market PB Ratio Median Figure of 5,163 Publicly-Listed Companies 1.29x
NasdaqGS:SVVC PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGS:SVVC Share Price ÷ Book Value per Share (both in USD)

= 3.39 ÷ 17.70

0.19x

* Primary Listing of Firsthand Technology Value Fund.

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

  • Firsthand Technology Value Fund is good value based on assets compared to the US Capital Markets industry average.
X
Value checks
We assess Firsthand Technology Value Fund'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 Capital Markets 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 Capital Markets industry average (and greater than 0)? (1 check)
  5. Firsthand Technology Value Fund has a total score of 1/6, 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.

SVVC Future Performance

 How is Firsthand Technology Value Fund expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Firsthand Technology Value Fund has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

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
4.6%
Expected Capital Markets industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Firsthand Technology Value Fund expected to grow at an attractive rate?
  • Unable to compare Firsthand Technology Value Fund's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Firsthand Technology Value Fund's earnings growth to the United States of America market average as no estimate data is available.
  • Unable to compare Firsthand Technology Value Fund's revenue growth to the United States of America market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
NasdaqGS:SVVC Future Growth Rates Data Sources
Data Point Source Value (per year)
United States of America Capital Markets Industry Earnings Growth Rate Market Cap Weighted Average 4.6%
United States of America Capital Markets Industry Revenue Growth Rate Market Cap Weighted Average 2.1%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.3%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 6.9%

*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
NasdaqGS:SVVC Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqGS:SVVC Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
NasdaqGS:SVVC Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-12-31 2 0 -65
2019-09-30 2 2 -59
2019-06-30 3 2 -26
2019-03-31 4 2 11
2018-12-31 3 2 20
2018-09-30 3 1 75
2018-06-30 2 -6 47
2018-03-31 2 1 32
2017-12-31 2 -1 26
2017-09-30 1 -10 -16
2017-06-30 1 -3 -25
2017-03-31 1 -17 -17

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Firsthand Technology Value Fund is high growth as no earnings estimate data is available.
  • Unable to determine if Firsthand Technology Value Fund is high growth as no revenue estimate data is available.
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
NasdaqGS:SVVC Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Firsthand Technology Value Fund Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:SVVC Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
NasdaqGS:SVVC Past Financials Data
Date (Data in USD Millions) EPS *
2019-12-31 -8.99
2019-09-30 -8.15
2019-06-30 -3.65
2019-03-31 1.59
2018-12-31 2.73
2018-09-30 10.35
2018-06-30 6.57
2018-03-31 4.73
2017-12-31 3.59
2017-09-30 -2.13
2017-06-30 -3.33
2017-03-31 -2.09

*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 Firsthand Technology Value Fund will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Firsthand Technology Value Fund'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 United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America 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.
Firsthand Technology Value Fund has a total score of 0/6, 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.

SVVC Past Performance

  How has Firsthand Technology Value Fund 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 Firsthand Technology Value Fund's growth in the last year to its industry (Capital Markets).
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.
  • Firsthand Technology Value Fund does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Firsthand Technology Value Fund's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Firsthand Technology Value Fund's 1-year growth to the US Capital Markets industry average as it is not currently profitable.
Earnings and Revenue History
Firsthand Technology Value Fund'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 Firsthand Technology Value Fund Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:SVVC Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 1.79 -64.53 -4.66
2019-09-30 2.01 -58.64 -11.59
2019-06-30 2.59 -26.38 -1.56
2019-03-31 3.69 11.47 9.71
2018-12-31 3.47 19.87 12.84
2018-09-30 2.88 74.57 21.65
2018-06-30 2.33 47.40 11.67
2018-03-31 1.90 31.84 8.42
2017-12-31 1.57 26.18 6.08
2017-09-30 1.30 -15.79 4.37
2017-06-30 1.11 -24.84 4.46
2017-03-31 0.98 -16.74 4.52
2016-12-31 0.88 -24.66 4.71
2016-09-30 1.07 -20.21 4.06
2016-06-30 1.35 -22.41 1.36
2016-03-31 1.69 -24.32 1.71
2015-12-31 2.10 -14.15 2.55
2015-09-30 2.29 -8.98 4.99
2015-06-30 2.64 24.49 13.93
2015-03-31 2.59 26.16 15.11
2014-12-31 2.43 15.98 13.21
2014-09-30 2.13 34.63 20.38
2014-06-30 1.56 24.88 14.37
2014-03-31 1.36 39.26 13.05
2013-12-31 1.21 50.36 14.06
2013-09-30 1.07 28.15 4.97
2013-06-30 0.95 9.73 4.83

*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 Firsthand Technology Value Fund has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Firsthand Technology Value Fund has efficiently used its assets last year compared to the US Capital Markets industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Firsthand Technology Value Fund 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 Firsthand Technology Value Fund'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 Capital Markets 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.
Firsthand Technology Value Fund 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.

SVVC Health

 How is Firsthand Technology Value Fund'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 Firsthand Technology Value Fund's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Firsthand Technology Value Fund's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Firsthand Technology Value Fund has no long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Firsthand Technology Value Fund'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.
  • Low level of unsold assets.
  • Firsthand Technology Value Fund 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 Firsthand Technology Value Fund Company Filings, last reported 3 months ago.

NasdaqGS:SVVC Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 127.09 0.00
2019-09-30 151.87 0.00 0.02
2019-06-30 157.41 0.00 0.02
2019-03-31 188.78 0.00 0.02
2018-12-31 191.62 0.00
2018-09-30 212.33 0.00 0.02
2018-06-30 186.05 0.00 0.02
2018-03-31 179.56 0.00 0.02
2017-12-31 173.99 0.00 0.11
2017-09-30 139.29 0.00
2017-06-30 139.75 0.00 6.82
2017-03-31 148.82 0.00 0.02
2016-12-31 148.91 0.00 1.93
2016-09-30 155.08 0.00 9.69
2016-06-30 165.55 0.00 10.65
2016-03-31 167.56 0.00 19.42
2015-12-31 175.58 0.00 0.77
2015-09-30 177.30 0.00 1.13
2015-06-30 189.00 0.00 3.63
2015-03-31 191.88 0.00 6.33
2014-12-31 209.73 0.00 69.01
2014-09-30 269.43 0.00 67.53
2014-06-30 247.67 0.00 42.06
2014-03-31 248.88 0.00 54.12
2013-12-31 256.90 0.00 83.18
2013-09-30 224.19 0.00 114.12
2013-06-30 212.17 0.00 126.77
  • Firsthand Technology Value Fund has no debt.
  • Firsthand Technology Value Fund has not taken on any debt in the past 5 years.
  • Firsthand Technology Value Fund has no debt, it does not need to be covered by operating cash flow.
  • Firsthand Technology Value Fund has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess Firsthand Technology Value Fund'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. Firsthand Technology Value Fund has a total score of 5/6, 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.

SVVC Dividends

 What is Firsthand Technology Value Fund'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 Firsthand Technology Value Fund dividends.
If you bought $2,000 of Firsthand Technology Value Fund 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 Firsthand Technology Value Fund's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Firsthand Technology Value Fund'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
NasdaqGS:SVVC 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 0 Analyst Estimates (S&P Global) See Below
United States of America Capital Markets Industry Average Dividend Yield Market Cap Weighted Average of 44 Stocks 2.4%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 1933 Stocks 2.8%
United States of America Minimum Threshold Dividend Yield 10th Percentile 1.1%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.9%
United States of America Top 25% Dividend Yield 75th Percentile 5.3%

Industry and Market average data is calculated daily.

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

NasdaqGS:SVVC Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
NasdaqGS:SVVC Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2016-11-08 0.000 0.000
2016-08-09 0.000 0.000
2016-05-10 0.000 0.000
2016-03-15 0.000 0.000
2015-03-16 5.860 61.013
2014-11-24 2.862 17.097
2013-12-02 0.317 1.423

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

  • Unable to perform a dividend volatility check as Firsthand Technology Value Fund has not reported any payouts.
  • Unable to verify if Firsthand Technology Value Fund's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Firsthand Technology Value Fund's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Firsthand Technology Value Fund 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 Firsthand Technology Value Fund's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.1%) - 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 Firsthand Technology Value Fund afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Firsthand Technology Value Fund 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.

SVVC Management

 What is the CEO of Firsthand Technology Value Fund'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
Kevin Landis
COMPENSATION $0
AGE 58
TENURE AS CEO 10.3 years
CEO Bio

Mr. Kevin Michael Landis serves as President, Director, Chief Executive Officer, Chief Investment Officer and Portfolio Manager at Firsthand Capital Management, Inc. Mr. Landis is Non-Executive Director at Revasum, Inc. since 2016. He co-foundded Firsthand Capital Management, Inc. (FCM) in 1994. He is Member of the Observers of the Board at Tapad, INC. Mr. Landis was employed at Dataquest and S-MOS systems. He is Non-Executive Director of Pivotal Systems, Corp. since 2012. He has board seats of IntraOp Medical Corp., QMAT, Inc., Silicon Genesis Corp., Telepathy Investors, Inc., VuFine, Inc., Pivotal Systems Corporation and Wrightspeed, Inc. He is Director of Phunware, Inc., He is a Director of SoloPower Systems, Inc. He is a Director of EQX Capital, Inc. He is a Director of SoloPower, Inc. from January 2008 to December 2010 and UCT Coatings, Inc. from January 2008 to June 2011. He is a Director of Solaicx, Inc. He has over two decades of experience in engineering, market research, product management and investing in the technology sector. He serves as Chairman, President and Chief Executive Officer at Firsthand Technology Value Fund, Inc. since 2010. He earned an M.B.A. from Santa Clara University in 1984-1988 and a BSc in Electrical Engineering and Computer Science from the University of California at Berkeley in 1979-1983.

CEO Compensation
  • Insufficient data for Kevin to compare compensation growth.
  • Insufficient data for Kevin to establish whether their remuneration is reasonable compared to companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Firsthand Technology Value Fund management team in years:

6.6
Average Tenure
56
Average Age
  • The average tenure for the Firsthand Technology Value Fund management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Kevin Landis

TITLE
Chairman
AGE
58
TENURE
10.3 yrs

Omar Billawala

TITLE
Chief Financial Officer
AGE
58
TENURE
5.9 yrs

Heather Hohlowski

TITLE
Investor Relation

Kelvin Leung

TITLE
Secretary & General Counsel
AGE
54

Nichole Mileski

TITLE
Chief Compliance Officer
AGE
48
TENURE
6.6 yrs

Phil Mosakowski

TITLE
Vice President of Business Development

Greg Sheppard

TITLE
Director of Research
Board of Directors Tenure

Average tenure and age of the Firsthand Technology Value Fund board of directors in years:

9.4
Average Tenure
59
Average Age
  • The tenure for the Firsthand Technology Value Fund board of directors is about average.
Board of Directors

Kevin Landis

TITLE
Chairman
AGE
58
TENURE
10.3 yrs

Rodney Yee

TITLE
Independent Director
COMPENSATION
$50K
AGE
59
TENURE
5.4 yrs

Kimun Lee

TITLE
Independent Director
COMPENSATION
$50K
AGE
73
TENURE
10.3 yrs

Nicholas Petredis

TITLE
Independent Director
COMPENSATION
$50K
AGE
68
TENURE
5.4 yrs

Greg Burglin

TITLE
Independent Director
COMPENSATION
$50K
AGE
59
TENURE
9.4 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
04. Jun 19 Buy Kevin Landis Individual 03. Jun 19 03. Jun 19 2,000 $9.90 $19,800
X
Management checks
We assess Firsthand Technology Value Fund'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. Firsthand Technology Value Fund 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.

SVVC News

Simply Wall St News

SVVC Company Info

Description

Firsthand Technology Value Fund, Inc. is a business development company specializes in investments in start-up, late, development stage, and PIPEs. It seeks to invest in pre-IPO companies. The fund also seeks to make investments in companies with operating histories that are unprofitable or marginally profitable, that have negative net worth, or that are involved in bankruptcy or reorganization proceedings. In addition, it also makes investments in connection with the acquisition or divestiture of companies or divisions of companies. The fund seeks to invest through direct investments in private companies, negotiations with selling shareholders, and in organized secondary marketplaces for private securities. It may also invest in micro-cap publicly traded companies and also make investments in securities of public companies. The fund seeks to invest in private technology, information technology, cleantech sector, and companies that possess patents and other defensible intellectual property rights with a focus on Internet, consumer electronics, computer hardware, computer software, social networking, computer peripherals, solar photovoltaic, energy efficiency, solid-state lighting, water purification, wind-generated electricity, fuel cells, bio-fuels, electronic components, semiconductors, telecommunications, and advanced materials. Cleantech companies include those engaged in the sale of goods and services designed to harness renewable energy and materials, eliminate emissions and waste, and reduce the use of natural resources. It invests primarily in equity securities of private companies in the United States. However the fund also invests in securities of public companies located outside of the United States. It seeks to invest between $1 million and $10 million each in its investee companies. The fund structures its equity investments as preferred stock, common stock, warrants, limited partnership interests, options, other beneficial ownership interests, convertible debt, short term debt investments, high-yield bonds, and distressed debt. It prefers to control, be represented on, or have observer rights on the board of directors of a portfolio company. The fund seeks to exit its investments through strategic acquisition by other industry participants, initial public offering of common stock, or other capital market transaction.

Details
Name: Firsthand Technology Value Fund, Inc.
SVVC
Exchange: NasdaqGS
Founded: 2010
$23,362,634
6,893,056
Website: http://www.firsthandtvf.com
Address: Firsthand Technology Value Fund, Inc.
150 Almaden Boulevard,
Suite 1250,
San Jose,
California, 95113,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGS SVVC Common Stock Nasdaq Global Select US USD 18. Apr 2011
Number of employees
Current staff
Staff numbers
0
Firsthand Technology Value Fund employees.
Industry
Asset Management and Custody Banks
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/09 04:56
End of day share price update: 2020/04/08 00:00
Last estimates confirmation: 2019/03/18
Last earnings filing: 2020/03/16
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


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.