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Everspin Technologies, Inc (MRAM) Fair Value & Analysis

Technology · US · Market cap $636M

ET Everspin Technologies, Inc logo Everspin Technologies, Inc MRAM · US
Price$16.64
Fair Value$3.48
Upside-79.1%
Quality43/100
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Mixed Growth
Thin margins · 0.5% net margin
Low debt · generates free cash flow
Trails peers (2/11)
Narrow moat 16/100
Evidence: Low Range $2.97 – $4.00 Share as image

Fair value as of: Jul 17, 2026

From 7 valuation models · updated 24 days ago

Fair value updated Jul 17, 2026, revised from $8.82 to $3.48 (−60.5%) since Jun 24, 2026. Share price −4.3% over the past month.

Below-average quality, and screening another 79% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case ($4.00). The favourable scenario is already priced in.
  • Weak quality (43/100) and above fair value at the same time, the margin of safety is missing on both counts.
  • The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
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Price vs Fair Value (5 years)

$44.01 $4.40 Fair Value $3.48 Apr 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 17, 2026.

How to read this chart

60‑month range $4.40 – $44.01 · fair‑value band $2.97 – $4.00 · the $16.64 price screens above the $3.48 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 17, 2026.

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Analysis

Everspin Technologies, Inc (MRAM) currently trades at $16.64, while our model-based Fair Value estimate is $3.48, implying the stock looks roughly 79.1% overvalued today. The Quality Score stands at 43/100 (below-average quality), in the Technology sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: low).

Over the trailing twelve months, Everspin Technologies, Inc generated revenue of $56.9M at a net margin of 0.5%. Revenue grew 13.2% year over year. It earns a return on equity of 0.4%. The balance sheet holds a net cash position of $41.1M. Fundamentals as of Jul 17, 2026

Our scenario range runs from $2.97 (bear case) to $4.00 (bull case); at $16.64, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 68% below its 52-week high and 189% above its 52-week low, currently above its 200-day average. For context, the median of 10 Technology peers we cover trades at -67% fair-value upside, at -79%, MRAM screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model BearBaseBull Evidence
Highest evidence
Growth DCF $3.10 $3.60 $4.22 80
Rev-Margin DCF $3.02 $3.70 $4.48 74
NCAV (Graham) $1.47 $1.97 $2.94 50
All 7 models by family
DCF Models
FCF DCF $3.09 $3.67 $4.45 38
5Y Revenue Exit $3.02 $3.69 $4.54 39
10Y Revenue Exit $3.01 $3.59 $4.37 36
Multiples
EV/Revenue $3.04 $3.56 $4.08 43
Asset-Based
NCAV (Graham) $1.47 $1.97 $2.94 50
Growth DCF
Growth DCF $3.10 $3.60 $4.22 80
Rev-Margin DCF $3.02 $3.70 $4.48 74

Widest divergence: DCF Models ($3.67) versus Asset-Based ($1.97). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) $56.9M
Revenue growth (YoY) +13.2%
Net margin 0.5%
Return on equity 0.4%
Free cash flow $3.1M FY2025
P/E ratio 2,711.0
More key figures
Operating margin -18.3%
EPS (TTM) $0.0100
EPS growth (YoY) -10.8%
Net cash $41.1M FY2025

Figures from reported company fundamentals · as of Jul 17, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 43/100

Of which business quality 50 · Market factors (momentum, volatility) 45

Profitability 28
Margins and returns on capital today
Quality Growth 46
Are margins and returns improving?
Cashflow 34
Earnings quality: real cash, not paper profit
Fin. Strength 99
Balance sheet, leverage, solvency risk
Investment 22
Disciplined investing over empire-building
Low Volatility 0
Calm price path (market factor)
Momentum 65
Price trend over the last 3–12 months (market factor)
52W Momentum 62
Distance to the 52-week high (market factor)
Net Issuance 58
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Everspin Technologies, Inc. manufactures and sells magnetoresistive random access memory (MRAM) technologies in the United States, Japan, Hong Kong, Germany, Singapore, Canada, and internationally.

Full company description

Everspin Technologies, Inc. manufactures and sells magnetoresistive random access memory (MRAM) technologies in the United States, Japan, Hong Kong, Germany, Singapore, Canada, and internationally. It offers Toggle MRAM, spin-transfer torque MRAM, and tunnel magneto resistance sensor products, as well as foundry services for MRAM products and magnetic tunnel junction (MTJ)-based sensors. The company provides its products for applications, including industrial, medical, automotive/transportation, aerospace, and data center markets. It serves original equipment manufacturers, contract manufacturers, and original design manufacturers through a direct sales channel, and a network of representatives and distributors. Everspin Technologies, Inc. was incorporated in 2008 and is headquartered in Chandler, Arizona.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Everspin Technologies, Inc reported revenue of $55.2M in FY2025 versus $55.1M in FY2021, a compound +0.0%/yr. Reported net income was −$586K in FY2025.

Growth Quality 56/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
$55.2M
Latest YoY
+9.5%
Avg. growth/yr (3Y)
−2.7%
Avg. growth/yr (5Y)
+5.6%
Avg. growth/yr (11Y)
+7.5%
Revenue +0.0%/yr
FY21 $55.1M
FY22 $60.0M
FY23 $63.8M
FY24 $50.4M
FY25 $55.2M
Net income
FY21 $4.3M
FY22 $6.1M
FY23 $9.1M
FY24 $781K
FY25 −$586K

MRAM screens 79% overvalued. Compare with NVIDIA Corporation →

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Cite: Fair Value Calculator (2026). "Everspin Technologies, Inc Fair Value". https://www.fairvalue-calculator.com/stock/MRAM

Recent news

External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection.

Peer Group

Semiconductors · 319 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 43 · Below median
Fair Value upside −79% · Bottom 25%
Return on equity (TTM) 0% · Below median
Return on assets -6% · Bottom 25%
Net margin (TTM) 1% · Below median
Operating margin (TTM) -18% · Bottom 25%
Revenue growth 13% · Above median
Debt / equity 0.02× · Lower than median

Valuation Multiples vs Semiconductors median · lower = cheaper

P/B 9.22× · Pricier than 75% of peers
P/S (TTM) 11.17× · Pricier than 75% of peers
P/FCF 203.6× · Pricier than 75% of peers

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 0 · sector 0
FUTURE 66 · sector 60
PAST 2 · sector 24
HEALTH 99 · sector 97
DIVIDEND 0 · sector 22

VALUE 0: the price sits above our fair-value range.

Insider activity: 44/100

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Semiconductors stocks, each showing price versus our Fair Value estimate (as of Jul 17, 2026).

Stock Price Fair Value vs Fair Value
NVIDIA Corporation NVDA $211.80 $96.91 -54%
Taiwan Semiconductor Manufacturing Company TSM $398.37 $207.49 -48%
Broadcom Inc 1AVGO €367.75 €121.25 -67%
Micron Technology, Inc ZMIC C$52.57 C$7.50 -86%
SK hynix Inc 000660 2,082,000 KRW 1,109,311 KRW -47%
Advanced Micro Devices, Inc 1AMD €425.20 €56.33 -87%
Intel Corporation INTC C$68.40 C$9.82 -86%
Texas Instruments Incorporated TXN $311.46 $59.75 -81%
MediaTek Inc 2454 3,740 TWD 1,163 TWD -69%
SK Square Co 402340 1,212,000 KRW 868,000 KRW -28%

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Frequently asked questions

Is Everspin Technologies, Inc (MRAM) overvalued or undervalued?
As of Jul 17, 2026, our model estimates a fair value of $3.48 versus a price of $16.64, about −79% (overvalued).
What is the fair value of MRAM?
Our model-based fair value for Everspin Technologies, Inc is $3.48 (as of Jul 17, 2026), built from audited fundamentals. The current price is $16.64.
What is the quality score of MRAM?
Everspin Technologies, Inc has a Quality Score of 43/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Everspin Technologies, Inc (MRAM)?
Everspin Technologies, Inc reported trailing-twelve-month revenue of about $56.9M (latest available figure, as of Jul 17, 2026).
What is the net profit margin of MRAM?
The net profit margin of Everspin Technologies, Inc is about 0.5%, meaning it keeps roughly 0.5% of revenue as net income. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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