Arteris, Inc. (AIP) vs NVE Corporation (NVEC)

Arteris, Inc. and NVE Corporation are both Semiconductors companies. Arteris, Inc. is the larger, with a market value of $1.2B against $515.9M — 2.3× the size. Arteris, Inc. has negative trailing earnings, so its P/E is not meaningful; NVE Corporation trades at 29.3×. Arteris, Inc. grew revenue faster over the last twelve months: 33.8% against 24.1%. NVE Corporation has the higher net margin (57.6% vs −46.7%) and the higher return on invested capital (31.9% vs 0.00%). Across the 20 metrics below, NVE Corporation leads on 14 and Arteris, Inc. on 6.

Valuation

Metric AIP NVEC Semiconductors median
P/E n/m 29.34 49.41
P/S 13.35 16.89 8.58
P/B 16.69 8.83 5.49
Price to free cash flow 166.93 33.87 47.02
EV/EBITDA n/m 25.61 30.78
EV/Sales 11.95 16.19 8.79
Earnings yield (3.64%) 3.41% 0.62%
Free cash flow yield 0.60% 2.95% 0.59%

Profitability

Metric AIP NVEC Semiconductors median
Gross margin 87.61% 79.26% 52.25%
Operating margin (47.73%) 62.07% 4.85%
Net margin (46.70%) 57.64% 4.77%
Free cash flow margin 8.00% 49.86% 8.65%
Return on equity (131.41%) 29.81% 3.11%
Return on assets (23.84%) 28.67% 1.91%
Return on invested capital 0.00% 31.91% 2.46%

Growth

Metric AIP NVEC Semiconductors median
Revenue growth (TTM) 33.81% 24.07% 16.66%
EPS growth (last fiscal year) 4.65% 0.96% —
Revenue growth, 5-year CAGR 17.28% 4.27% 5.60%
Net income growth, 5-year CAGR 0.00% 5.38% 0.00%

Health

Metric AIP NVEC Semiconductors median
Debt to equity 0.05 0.00 0.05
Current ratio 1.57 23.72 3.35
Net debt to EBITDA 1.71 (1.24) 0.58

Dividend

Metric AIP NVEC Semiconductors median
Dividend yield — 4.95% 1.93%
Payout ratio 0.00 0.84 0.00

Size

Metric AIP NVEC Semiconductors median
Market cap 1.20b 515.88m 5.67b

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