BUSINESSWEEK'S HOT GROWTH COMPANIES

Hot Growth Special Report 2006 >

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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

Related Articles

UBS Cuts Navteq to Neutral


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.


Data provided by Capital IQ
 
Judson C. Green

Judson C. Green, 53

Chief Executive Officer, President and Director


Total Compensation*

$ 1,443,239

Total Options Value*

$ 105,365,221

* Fiscal Year 2005

DEGREES HELD
DePauw University - Member of the Board of Directors, University of Chicago Graduate School of Business - MBA DePauw University -Degree in Economics, Chicago Graduate School of Business-MBA


Executive Bio

Judson Green has been the president and chief executive officer of NAVTEQ (formerly Navigation Technologies), since May, 2000. Green joined NAVTEQ in May, 2000, and during his tenure he has been instrumental in making it a leading provider of comprehensive digital map information and helped established it as a new public company. Previously, he was president of Walt Disney Attractions, the theme park and resort segment of Walt Disney, from August, 1991, to December, 1998, and its chairman from December, 1998, to April, 2000. Prior to his positions at Walt Disney Attractions, he served as chief financial officer of Disney from December, 1989, to August, 1991. At Walt Disney Attractions, Green led the launch of such new products as Disney's Animal Kingdom, Disney Cruise Line, Downtown Disney at Walt Disney World, as well as the expansions of Disneyland Resort, Tokyo Disney Resort, and Disneyland Paris. He has been active in numerous international environmental and wildlife conservation organizations, tourism boards, and community-based efforts. Green serves on the board of Conservation International and the World Bank Institute. He frequently taught leadership courses at the Disney Institute, combining jazz with his thoughts on leadership, creativity, and innovation. Previously, he worked as a CPA for Arthur Young & Co. He has been a director of Dreamworks Animation since March, 2006. He has been a director of Harley-Davidson since November, 2004, and is a member of the nominating, corporate governance, and audit committees. He serves as a director of Alticor, Alticor International, and Lyric Opera of Chicago. He has been a director of NAVTEQ since May, 2000. He serves on the board of the Field Museum of Chicago, as well as the boards of both his alma maters. Green holds an MBA from the University of Chicago Graduate School of Business and a bachelor's degree in economics from DePauw University.


Management Team

Key Executives

Judson C. Green; Denis M. Cohen; John K. Macleod; M. Salahuddin Khan; Mary D. Hardwick; Lawrence M. Kaplan; Christine C. Moore; David B. Mullen; Winston Guillory; Richard E. Shuman

Board Directors

Scott D. Miller; William L. Kimsey; Christopher B. Galvin; Andrew J. Green; Richard de Lange; Van Ommeren, Dirk-Jan; Judson C. Green


Executive Data provided by Capital IQ