$12.10 -0.49 (-3.89%)
11/27/2009 1:00 PM

Intevac, Inc. (IVAC)

CAPS Rating: 3 out of 5

A provider of disk sputtering equipment to manufacturers of magnetic media used in hard disk drives and a developer and provider of leading technology for extreme low light imaging sensors, cameras and systems.

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Member Avatar denvercfo (< 20) Submitted: 8/10/2009 12:04:48 PM : Outperform Start Price: $10.82 IVAC Score: +2.36

Company has 3+ quarters of backlog at a good margin. Only question is whether they can hit profitable operating scale and fund R&D at the same time while outmaneuvering much larger competitors. Company continues to innovate in a very specialized market.

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Member Avatar SuperCharge (98.60) Submitted: 7/6/2009 1:25:35 AM : Underperform Start Price: $8.48 IVAC Score: -18.90

Wow, dropped 10% on Friday. Maybe a bit late, but I need a potential short-term fast dropping hedge without much near term upside in case of a bear or bull trend. This came up #4 on my reverse screener so I'm suprised to see a 4-star rating and will go against the trend.

IVAC looks like a solid company that's had a huge over-correcting bounce up in a competitive somewhat cyclical industry. A reasonable pullback should bring it into the mid-high $6 or low $7 range quickly. Should underperform based on gloomy 1Q & 2Q guidance anyways.

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Member Avatar angus118 (< 20) Submitted: 4/14/2008 12:56:13 AM : Outperform Start Price: $14.59 IVAC Score: -2.77

buy@15 sell@30

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Member Avatar tiobueno (95.79) Submitted: 3/7/2008 11:51:26 AM : Outperform Start Price: $12.17 IVAC Score: +11.67


March 4, 2008 9:19 AM EST

Intevac Inc. (Nasdaq: IVAC) Chairman, Norman H. Pond, bought 38,144 shares on 02/29 at $12.15, bringing his stake to 820,129 shares.

Intevac, Inc. provides disk sputtering equipment to manufacturers of magnetic media used in hard disk drives.

STREETINSIDER.COM

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Member Avatar Adstan (< 20) Submitted: 1/28/2008 8:21:53 PM : Outperform Start Price: $11.42 IVAC Score: +22.05

Great looking company... magic formula!

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Member Avatar Valanar42 (79.82) Submitted: 1/11/2008 3:06:42 PM : Outperform Start Price: $11.58 IVAC Score: +22.89

MFP. This company has a great spreadsheet....very little debt, a P/E right at 5, and a pretty awesome ROI.

Seeing as how they're on their way down for a while, I figure this is a good time to pick them up.

Plus, they make night vision goggles. How cool is that.

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Member Avatar MacroAlan (60.84) Submitted: 12/18/2007 10:53:22 AM : Outperform Start Price: $14.60 IVAC Score: +3.92

Solid earnings history. Solid growth. Under-valued.

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Member Avatar Sammyb9er (< 20) Submitted: 11/27/2007 5:39:58 PM : Outperform Start Price: $15.36 IVAC Score: -0.84

High ROIC, good earnings

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Member Avatar Nuro (91.30) Submitted: 10/3/2007 1:27:57 PM : Outperform Start Price: $16.23 IVAC Score: -0.02

looks very good on the reports. nice ROE $ ROA.

high cash flow (right now 100M cash and 360M market cap) and almost no debt.

low PE.

it has dropped a lot for no obvious reason and should go up soon.

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Member Avatar RugbyViking13 (90.33) Submitted: 9/27/2007 12:44:52 PM : Outperform Start Price: $15.26 IVAC Score: +4.08

I know flash drives are cool but hard drives are not going away. There might even be upside to the imaging side of the business

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Member Avatar Peakin (67.31) Submitted: 9/11/2007 4:57:35 PM : Outperform Start Price: $15.40 IVAC Score: +0.26

It's bouncing nicely off a 2-year low. It has a 6 PE, was just upgraded by analysts and I see no reason it should be down this much.

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Member Avatar rmt3381 (< 20) Submitted: 8/8/2007 11:56:21 PM : Outperform Start Price: $14.23 IVAC Score: +6.80

Good basic fundamentals and it has a lot of room for improvement just to return near previous ceiling.

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Member Avatar rvaughn666 (< 20) Submitted: 7/13/2007 2:10:17 PM : Outperform Start Price: $20.84 IVAC Score: -16.33

MFI and CAPS

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Member Avatar JASCruz (95.88) Submitted: 7/1/2007 8:00:19 PM : Outperform Start Price: $25.00 IVAC Score: -34.18

These guys make sputtering equipment for making hard disk drives, and their main customers are the hard drive manufacturers, like Seagate and Sony, among others. There is some significant risk involved with having a few concentrated customers like this, especially in a cyclical industry like hard drives. The recent price war in the industry has hurt the entire industry, as profit margins come down. When Seagate announced that earnings would be lower than expected, IVAC's stock shot down on the same day.

This is a cyclical industry, and a friend of mine in the industry said that now is a good time to buy stock in hard drive manufacturers. They are at a low point now, with prices depressed by fear of continued lower profits. As the industry recovers, companies will need to show they have a competitive advantage over their competitors, which means innovation of new technologies. Very likely, this will include the purchase of more advanced technologies from companies like IVAC, whose most recent product is poised to be the sputtering machine of choice.

IVAC has wonderful financials, and continually comes up on screens looking for small-cap growth. Here are some examples:

Pre-tax profit margin of 20%.
ROIC of 30%.
Revenue growth of 50%.
Earnings growth of 30%.
Expected growth rate of 17.5% (reduced during the industry slowdown).

Value:

DCF analysis shows fair value of $47.
Price-to-book of 3.
PEG of 0.68.
Price-to FCF of 7.

Clearly, the market believes this stock is going to underperform its recent history. With a margin of safety like this built in, there is a great deal more upside than downside.

This is on my short list for my next real-money purchase.

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Member Avatar alexs85 (22.30) Submitted: 6/8/2007 7:31:43 AM : Underperform Start Price: $18.90 IVAC Score: +13.46

http://shadunskymethod.blogspot.com/2007/06/intevac-is-worlds-industry-leader-in.html

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Member Avatar joehelen37 (< 20) Submitted: 5/23/2007 1:05:40 PM : Outperform Start Price: $20.11 IVAC Score: -15.37

???????????????

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Member Avatar PopsDaniecki (96.99) Submitted: 5/7/2007 2:56:27 PM : Outperform Start Price: $21.16 IVAC Score: -19.52

To me, this is a value play for a good long while. PE of 12!!! And a 50% upside from where I'm standing. On it again, for a ride back to the top.

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Member Avatar ShuntSD (95.00) Submitted: 4/25/2007 4:09:23 PM : Outperform Start Price: $23.43 IVAC Score: -25.85

Nice growth stock, hit recently by downgrade and predicted slowdown/pricing pressures in disk drive biz. Overall, I still like the future growth, the 11 P/E and EPS ($2.13). Solid, growing company who has staked its claim of market share in this ancillary niche of the disk drive business.

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Member Avatar stenzrob100 (27.91) Submitted: 3/27/2007 4:52:28 PM : Outperform Start Price: $27.02 IVAC Score: -36.71

Been growing nicely the last several years. This may be due to retract a bit over the next few years, but the company is tightly run with good margins and healthy fundamentals. I see it as undervalued despite already nice runup in price this year.

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Member Avatar rossoyoungs (< 20) Submitted: 2/25/2007 10:49:40 PM : Outperform Start Price: $30.31 IVAC Score: -39.83

performer going in right direction

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