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NAVTEQ (NVT)
It makes sense that a map company would be forging a clear path to growth. And that's been the recent course for Navteq, which makes digital maps for automobiles, mobile devices, and Internet sites. The Chicago company's biggest driver: navigation systems in many new rental and luxury cars. Navteq increased its revenue 26% in 2005, to $496.5 million, from $392.9 million in 2004, while more than tripling net income, to $170.8 million, from $54.1 million. Stock-based compensation expenses have hurt recent earnings, but the horizon still looks bright. Navteq, 37% controlled by Philips Electronics until 2005, continues to make acquisitions of global mapping companies that have broadened its geographic reach to include Malaysia and Korea. But Navteq might need a better map itself. In late April, the company reported a decline in first-quarter earnings, sending its shares plunging 18%.
Company Info |
|
| 2005 Rank | NR |
| Market Value* ($ Millions) | 3,823.4 |
| Sales* ($ Millions) | 514.1 |
| Sales Growth (3-yr. avg. annual) |
44.1 % |
| Profits* ($ Millions) | 169.7 |
| Profit Growth (3-yr. avg. annual) | 115.0 % |
| Return on Inv. Capital (3-yr.) | 52.7 % |
| Share Price 12-Mo. Hi/Lo | 56/34 |
| Share Price As of 4/28/06 | 42 |
| Return on Equity | 33.0 % |
| P/E Ratio | 23 |
| No. of Employees | 1,942 |
| Industry | Application Software |
| CURRENT MARKET INFO | NVT > |
| COMPANY WEB SITE > | |
| Location | Chicago |
| Phone | 312 894-7000 |
*Trailing 12 months
Stock price data as of 4/28/06
DATA: Standard & Poor's Compustat
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Company Snapshot
NAVTEQ engages in creating, updating, enhancing, licensing, and distributing digital map databases in North America and Europe. It provides digital map information, and related software and services for use in various navigation, mapping, and geographic-related applications, including products and services that provide maps, driving directions, turn-by-turn route guidance, fleet management and tracking, and geographic information systems. The company offers these products and services to end users on various platforms, including self-contained hardware and software systems installed in vehicles, personal computing devices, such as personal digital assistants and cell phones, server-based systems, including Internet and wireless services, and paper media. The company's database is a digital representation of road transportation networks in Europe, North America, and other regions. Its database includes road, route, and related travel information, including attributes collected by road segment. NAVTEQ markets its database to automobile manufacturers and dealers, navigation systems manufacturers, software developers, Internet portals, parcel and overnight delivery services companies, and governmental and quasi-governmental entities. The company was founded in 1985 under the name of Karlin & Collins, and changed its name to Navigation Technologies in 1987. Its named was changed again in 2004 to NAVTEQ. The company is headquartered in Chicago.
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