Identiv Inc (INVE) Long Thesis From Rubicon Capital Group [In-Depth]]

Rubicon Capital Group's situation analysis of Identiv Inc (NASDAQ:INVE).

Q2 2020 hedge fund letters, conferences and more

Identiv Inc. (INVE)

Price: $5.25

Mkt Cap: $ 120 MM

Ent Val: $ 130 MM

EV / Rev: 1.5x LTM, 1.4x fwd.

EV / EBITDA: 19.1x LTM, 11.3x fwd.

Price Target: $10 + (trading), $20+ (transaction)

Situation Analysis

• Identiv (“INVE” or the “Company”) is a global provider of physical security and secure identification consisting of products, software and systems that address the markets for physical and logical access control as well as a wide range of Radio Frequency Identification (“RFID”) enabled applications (chips, transponders and inlays).
  • Key products include premise security solutions, work from home access products, identification tools, smart cards, readers, premise security controllers and consoles, RFID inlays, tags and readers.
  • INVE is a technological leader in physical access control, security, surveillance and analytics with decades of relationships and a strong reputation in the government and private sector.