A Business at a Glance
0 of 1 daily views used (1 remaining). Sign up free for +5 more daily views (6 total), or try AAPL for a full preview.
KVH INDUSTRIES INC \DE\
KVHI
$176M
Mkt Cap
$9.06
+0.44%
KVH INDUSTRIES INC \DE\ (KVHI) has a 5-year average return on invested capital (ROIC) of -2.8%. This is below average and may indicate limited pricing power.
KVH INDUSTRIES INC \DE\ (KVHI) has a market capitalization of $176M. It is classified as a small-cap stock.
KVH INDUSTRIES INC \DE\ (KVHI) does not currently pay a regular dividend. However, the company returns capital to shareholders through share buybacks, with a buyback yield of 1.01%.
KVH INDUSTRIES INC \DE\ (KVHI) operates in the Communications Services, Nec industry, within the Communication Services sector.
KVH INDUSTRIES INC \DE\ (KVHI) reported annual revenue of $111 million in its most recent fiscal year, based on SEC EDGAR filings.
KVH INDUSTRIES INC \DE\ (KVHI) has a net profit margin of -6.7%. The company is currently unprofitable.
KVH INDUSTRIES INC \DE\ (KVHI) generated $10 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
Cautionary Statement Regarding Forward-Looking Information In addition to historical facts, this annual report contains forward-looking statements. Forward-looking statements are merely our current predictions of future events. These statements are inherently uncertain, and actual events could differ materially from our predictions. Important factors that could cause actual events to vary from our predictions include those discussed in this annual report under the headings “Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations,” and “Item 1A. Risk Factors.” We assume no obligation to update our forward-looking statements to reflect new information or developments. We urge readers to review carefully the risk factors described in this annual report and in the other documents that we file with the Securities and Exchange Commission. Additional Information Available Our principal Internet address is www.kvh.com.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 118M | 111M | 114M | 132M | 139M | - |
| Net Income | -5.1M | -7.4M | -11M | -15M | 24M | -9.8M |
| EPS | $-0.26 | $-0.38 | $-0.57 | $-0.81 | $1.29 | $-0.54 |
| Free Cash Flow | 1.3M | 9.8M | -21M | -8.1M | -5.5M | -16M |
| ROIC | -9.9% | -5.5% | -7.7% | -10.1% | 16.6% | -7.4% |
| Gross Margin | - | 16.5% | 23.2% | 18.4% | 31.2% | - |
| Debt/Equity | 0.00 | 0.03 | 0.01 | 0.01 | 0.01 | 0.02 |
| Dividends/Share | $0.00 | $0.00 | - | - | - | - |
| Operating Income | -9.0M | -11M | -12M | -17M | -5.7M | -20M |
| Operating Margin | -7.7% | -10.1% | -10.4% | -13.1% | -4.1% | - |
| ROE | -3.9% | -5.5% | -7.7% | -10.1% | 16.6% | -7.4% |
| Shares Outstanding | 19M | 19M | 19M | 19M | 19M | 18M |
| Metric | 2018 | 2019 | 2020 | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 173M | 185M | 176M | 160M | 153M | 158M | 159M | N/A | 139M | 132M | 114M | 111M | 118M |
| Gross Margin | 71.7% | 74.3% | 73.7% | 76.6% | N/A | N/A | 62.5% | N/A | 31.2% | 18.4% | 23.2% | 16.5% | N/A |
| R&D | 14M | 14M | 16M | 16M | 15M | 16M | 16M | 11M | 10M | 9.4M | 8.4M | 3.5M | 3.0M |
| SG&A | 24M | 29M | 28M | 29M | 23M | 25M | 24M | 29M | 25M | 19M | 17M | 15M | 16M |
| EBIT | 1.9M | 3.2M | -1.3M | -8.8M | -11M | -21M | -23M | -20M | -5.7M | -17M | -12M | -11M | -9.0M |
| Op. Margin | 1.1% | 1.7% | -0.8% | -5.5% | -7.0% | -13.4% | -14.5% | N/A | -4.1% | -13.1% | -10.4% | -10.1% | -7.7% |
| Net Income | 41K | 2.3M | -7.5M | -11M | -8.2M | 33M | -22M | -9.8M | 24M | -15M | -11M | -7.4M | -5.1M |
| Net Margin | 0.0% | 1.2% | -4.3% | -6.9% | -5.4% | 21.1% | -13.8% | N/A | 17.3% | -11.6% | -9.7% | -6.7% | -4.3% |
| Non-Recurring | -30K | 4K | -907K | -27K | -17K | -189K | 1.8M | -494K | 1.7M | 2.9M | -1.2M | 0 | 0 |
| Returns on Capital | |||||||||||||
| ROIC | 0.9% | 2.0% | -1.1% | -7.2% | -6.9% | 22.2% | -16.4% | -7.4% | 16.6% | -10.1% | -7.7% | -5.5% | -9.9% |
| ROE | 0.0% | 1.9% | -6.7% | -10.4% | -8.0% | 26.7% | -16.6% | -7.4% | 16.6% | -10.1% | -7.7% | -5.5% | -3.9% |
| ROA | 0.0% | 1.0% | -3.5% | -5.6% | -4.3% | 17.2% | -12.0% | -5.5% | 13.2% | -8.4% | -6.7% | -4.8% | -3.3% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 10M | 8.4M | 19M | 12M | 5.2M | -14M | -3.1M | 2.9M | 8.9M | 2.5M | -13M | 17M | 10M |
| Free Cash Flow | 5.3M | 2.7M | 13M | -1.3M | -11M | -27M | -17M | -16M | -5.5M | -8.1M | -21M | 9.8M | 1.3M |
| Owner Earnings | -3.4M | -8.1M | 2.5M | -3.0M | -11M | -30M | -18M | -16M | -8.6M | -13M | -28M | 4.8M | -1.7M |
| CapEx | 5.1M | 5.7M | 5.6M | 13M | 16M | 13M | 14M | 19M | 14M | 11M | 7.4M | 7.4M | 8.8M |
| Maint. CapEx | 10.0M | 13M | 13M | 11M | 13M | 11M | 12M | 15M | 14M | 13M | 13M | 11M | 10M |
| Growth CapEx | 0 | 0 | 0 | 1.8M | 3.0M | 1.0M | 2.4M | 4.1M | 360K | 0 | 0 | 0 | 0 |
| D&A | 10.0M | 13M | 13M | 11M | 13M | 11M | 12M | 15M | 14M | 13M | 13M | 11M | 10M |
| CapEx/OCF | 49.4% | 67.8% | 30.1% | 110.9% | 306.7% | N/A | N/A | 644.2% | 161.8% | 420.3% | N/A | N/A | 86.9% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividend Yield | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | 0 | 0 | 0 | 0 | 0 | 1.3M | 390K | 0 | 0 | 239K | 0 | 1.7M | 1.8M |
| Buyback Yield | N/A | N/A | N/A | N/A | N/A | 0.7% | 0.2% | N/A | N/A | 0.2% | N/A | 0.0% | 1.0% |
| Stock-Based Comp | 3.8M | 3.7M | 3.7M | 3.5M | 3.3M | 4.2M | 3.5M | 4.1M | 3.4M | 2.1M | 2.0M | 1.6M | 1.5M |
| Debt Repayment | 1.3M | 1.3M | 1.4M | 1.6M | 182K | 2.6M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Balance Sheet | |||||||||||||
| Net Debt | 21M | 19M | 5.9M | 4.1M | 14M | -48M | -26M | -21M | -75M | -69M | -49M | -66M | -59M |
| Cash & Equiv. | 25M | 23M | 26M | 35M | 15M | 18M | 13M | 11M | 21M | 11M | 51M | 70M | 59M |
| Long-Term Debt | 65M | 58M | 50M | 45M | 19M | 0 | 1.9M | 0 | 0 | N/A | N/A | N/A | N/A |
| Debt/Equity | 0.61 | 0.55 | 0.55 | 0.45 | 0.30 | 0.00 | 0.09 | 0.02 | 0.01 | 0.01 | 0.01 | 0.03 | 0.00 |
| Interest Coverage | 1.5 | 2.2 | -0.9 | -6.0 | -6.0 | -20.7 | -1274.3 | -349.9 | -1908.3 | -17345.0 | -148.5 | -129.9 | -129.9 |
| Equity | 117M | 118M | 107M | 106M | 100M | 150M | 132M | 131M | 158M | 147M | 139M | 131M | 132M |
| Total Assets | 236M | 226M | 200M | 196M | 188M | 199M | 184M | 169M | 196M | 173M | 155M | 152M | 155M |
| Total Liabilities | 119M | 108M | 93M | 91M | 88M | 49M | 52M | 40M | 38M | 25M | 16M | 21M | 23M |
| Intangibles | 34M | 27M | 18M | 15M | 21M | 20M | 8.8M | 1.3M | 404K | 1.2M | 828K | 3.7M | 3.5M |
| Retained Earnings | 12M | 14M | 6.6M | -4.4M | -15M | 20M | -2.4M | -12M | 14M | -1.7M | -13M | -20M | -20M |
| Working Capital | 65M | 72M | 69M | 54M | 22M | 71M | 60M | 54M | 93M | 94M | 107M | 101M | 102M |
| Current Assets | 113M | 115M | 109M | 98M | 78M | 109M | 101M | 88M | 130M | 119M | 123M | 118M | 121M |
| Current Liabilities | 48M | 44M | 40M | 43M | 56M | 38M | 41M | 34M | 37M | 25M | 16M | 17M | 19M |
| Per Share Data | |||||||||||||
| EPS | 0.00 | 0.14 | -0.47 | -0.67 | -0.48 | 1.90 | -1.24 | -0.54 | 1.29 | -0.81 | -0.57 | -0.38 | -0.26 |
| Owner EPS | -0.22 | -0.50 | 0.16 | -0.18 | -0.64 | -1.70 | -1.03 | -0.87 | -0.46 | -0.68 | -1.47 | 0.25 | -0.09 |
| Book Value | 7.52 | 7.34 | 6.66 | 6.42 | 5.80 | 8.57 | 7.45 | 7.24 | 8.51 | 7.74 | 7.15 | 6.74 | 6.75 |
| Cash Flow/Share | 0.67 | 0.52 | 1.17 | 0.70 | 0.30 | -0.81 | -0.17 | 0.16 | 0.48 | 0.13 | -0.68 | 0.88 | 0.27 |
| Dividends/Share | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.00 | 0.00 |
| Shares Out. | 15.5M | 16.1M | 16.0M | 16.5M | 17.1M | 17.5M | 17.7M | 18.1M | 18.6M | 19.0M | 19.4M | 19.4M | 19.5M |
| Valuation | |||||||||||||
| P/E Ratio | N/A | 68.6 | N/A | N/A | N/A | 5.9 | N/A | N/A | 7.7 | N/A | N/A | N/A | -34.9 |
| P/FCF | 37.1 | 57.2 | 15.3 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 132.6 |
| EV/EBIT | 116.8 | 54.2 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Price/Book | 1.7 | 1.3 | 1.9 | 1.6 | 1.8 | 1.3 | 1.5 | 1.3 | 1.2 | 0.7 | 0.8 | N/A | 1.3 |
| Price/Sales | 1.2 | 1.0 | 0.8 | 1.0 | 1.3 | 1.1 | 1.0 | 1.6 | 1.2 | 1.2 | 0.8 | N/A | 1.5 |
| FCF Yield | 2.6% | 1.7% | 6.5% | -0.7% | -5.9% | -13.6% | -8.5% | -9.7% | -3.0% | -8.1% | -19.1% | N/A | 0.8% |
| Market Cap | 203M | 155M | 200M | 171M | 181M | 196M | 203M | 163M | 184M | 100M | 108M | 0 | 176M |
| Avg. Price | 12.93 | 11.95 | 8.99 | 10.20 | 11.47 | 10.34 | 9.32 | 11.92 | 9.06 | 8.01 | 4.89 | 0.00 | 9.06 |
| Year-End Price | 12.58 | 9.61 | 12.50 | 10.40 | 10.55 | 11.18 | 11.46 | 9.00 | 9.88 | 5.27 | 5.55 | 0.00 | 9.06 |
KVH INDUSTRIES INC \DE\ passes 0 of 9 quality checks, indicating weak fundamentals.
On a free-cash-flow basis, the stock trades at 21.5x vs a median of 15.3x. The company's 5-year average gross margin is 22.4%. Total shareholder yield (buybacks) is 1.0%. At current prices, the estimated annualized return to fair value is +7.9%.
KVH INDUSTRIES INC \DE\ (KVHI) has a debt-to-equity ratio of 0.03. This indicates a conservatively financed balance sheet.
KVH INDUSTRIES INC \DE\ (KVHI) reported earnings per share (EPS) of $-0.38 in its most recent fiscal year.
KVH INDUSTRIES INC \DE\ (KVHI) has a return on equity (ROE) of -5.5%. A negative ROE may indicate losses or negative equity.
KVH INDUSTRIES INC \DE\ (KVHI) has a 5-year average gross margin of 22.4%. This lower margin is typical of capital-intensive or commodity businesses.
The Ledger Terminal provides 17 years of financial data for KVH INDUSTRIES INC \DE\ (KVHI), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
KVH INDUSTRIES INC \DE\ (KVHI) has a book value per share of $6.74, based on its most recent annual SEC filing.
No recent press releases.