ALPHA & OMEGA SEMICONDUCTOR (AOSL) Stock Fundamental Analysis
NASDAQ:AOSL - Nasdaq - BMG6331P1041 - Common Stock - Currency: USD
We assign a fundamental rating of 4 out of 10 to AOSL. AOSL was compared to 108 industry peers in the Semiconductors & Semiconductor Equipment industry. While AOSL seems to be doing ok healthwise, there are quite some concerns on its profitability. AOSL is quite expensive at the moment. It does show a decent growth rate.
1. Profitability
1.1 Basic Checks
In the past year AOSL was profitable.
AOSL had a positive operating cash flow in the past year.
In multiple years AOSL reported negative net income over the last 5 years.
AOSL had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
AOSL has a Return On Assets of -2.03%. This is comparable to the rest of the industry: AOSL outperforms 40.74% of its industry peers.
Looking at the Return On Equity, with a value of -2.55%, AOSL is in line with its industry, outperforming 41.67% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -2.03% | ||
| ROE | -2.55% | ||
| ROIC | N/A |
ROA(3y)11.66%
ROA(5y)8.09%
ROE(3y)17.74%
ROE(5y)13.31%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
With a Gross Margin value of 24.24%, AOSL is not doing good in the industry: 75.00% of the companies in the same industry are doing better.
In the last couple of years the Gross Margin of AOSL has remained more or less at the same level.
The Profit Margin and Operating Margin are not available for AOSL so they could not be analyzed.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | N/A | ||
| PM (TTM) | N/A | ||
| GM | 24.24% |
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-5.64%
GM growth 5Y0.44%
2. Health
2.1 Basic Checks
AOSL does not have a ROIC to compare to the WACC, probably because it is not profitable.
The number of shares outstanding for AOSL has been increased compared to 1 year ago.
AOSL has more shares outstanding than it did 5 years ago.
The debt/assets ratio for AOSL has been reduced compared to a year ago.
2.2 Solvency
AOSL has an Altman-Z score of 3.67. This indicates that AOSL is financially healthy and has little risk of bankruptcy at the moment.
Looking at the Altman-Z score, with a value of 3.67, AOSL is in line with its industry, outperforming 51.85% of the companies in the same industry.
The Debt to FCF ratio of AOSL is 1.14, which is an excellent value as it means it would take AOSL, only 1.14 years of fcf income to pay off all of its debts.
AOSL has a better Debt to FCF ratio (1.14) than 75.93% of its industry peers.
A Debt/Equity ratio of 0.03 indicates that AOSL is not too dependend on debt financing.
With a decent Debt to Equity ratio value of 0.03, AOSL is doing good in the industry, outperforming 60.19% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.03 | ||
| Debt/FCF | 1.14 | ||
| Altman-Z | 3.67 |
ROIC/WACCN/A
WACC11.34%
2.3 Liquidity
A Current Ratio of 2.72 indicates that AOSL has no problem at all paying its short term obligations.
AOSL's Current ratio of 2.72 is in line compared to the rest of the industry. AOSL outperforms 46.30% of its industry peers.
A Quick Ratio of 1.50 indicates that AOSL should not have too much problems paying its short term obligations.
AOSL has a Quick ratio of 1.50. This is in the lower half of the industry: AOSL underperforms 72.22% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.72 | ||
| Quick Ratio | 1.5 |
3. Growth
3.1 Past
AOSL shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -36.36%.
Measured over the past years, AOSL shows a very negative growth in Earnings Per Share. The EPS has been decreasing by -12.80% on average per year.
Looking at the last year, AOSL shows a small growth in Revenue. The Revenue has grown by 4.13% in the last year.
The Revenue has been growing slightly by 7.83% on average over the past years.
EPS 1Y (TTM)-36.36%
EPS 3Y-40.34%
EPS 5Y-12.8%
EPS Q2Q%-62.5%
Revenue 1Y (TTM)4.13%
Revenue growth 3Y0.02%
Revenue growth 5Y7.83%
Sales Q2Q%4.76%
3.2 Future
AOSL is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 27.50% yearly.
AOSL is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 6.61% yearly.
EPS Next Y-77.52%
EPS Next 2Y-7.8%
EPS Next 3Y27.5%
EPS Next 5YN/A
Revenue Next Year3.45%
Revenue Next 2Y5.02%
Revenue Next 3Y6.61%
Revenue Next 5YN/A
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
The Revenue growth rate is stable: in the next years the growth will be about the same than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 78.43, which means the current valuation is very expensive for AOSL.
The rest of the industry has a similar Price/Earnings ratio as AOSL.
AOSL's Price/Earnings ratio indicates a rather expensive valuation when compared to the S&P500 average which is at 29.35.
AOSL is valuated quite expensively with a Price/Forward Earnings ratio of 52.09.
The rest of the industry has a similar Price/Forward Earnings ratio as AOSL.
AOSL is valuated expensively when we compare the Price/Forward Earnings ratio to 22.10, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 78.43 | ||
| Fwd PE | 52.09 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, AOSL is valued a bit cheaper than the industry average as 71.30% of the companies are valued more expensively.
AOSL's Price/Free Cash Flow ratio is rather cheap when compared to the industry. AOSL is cheaper than 81.48% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 26.05 | ||
| EV/EBITDA | 17.48 |
4.3 Compensation for Growth
A more expensive valuation may be justified as AOSL's earnings are expected to grow with 27.50% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-7.8%
EPS Next 3Y27.5%
5. Dividend
5.1 Amount
AOSL does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
27.45
+0.64 (+2.39%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSemiconductors & Semiconductor Equipment
GICS IndustrySemiconductors & Semiconductor Equipment
Earnings (Last)
Earnings (Next)
Inst Owners71.48%
Inst Owner Change8.18%
Ins Owners16.27%
Ins Owner Change-2.09%
Market Cap807.30M
Analysts75.56
Price Target40.46 (47.4%)
Short Float %7.81%
Short Ratio2.85
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)1.94%
Min EPS beat(2)-6.42%
Max EPS beat(2)10.29%
EPS beat(4)3
Avg EPS beat(4)44.88%
Min EPS beat(4)-6.42%
Max EPS beat(4)103.64%
EPS beat(8)6
Avg EPS beat(8)116.31%
EPS beat(12)8
Avg EPS beat(12)76.86%
EPS beat(16)12
Avg EPS beat(16)62.93%
Revenue beat(2)0
Avg Revenue beat(2)-0.56%
Min Revenue beat(2)-0.97%
Max Revenue beat(2)-0.16%
Revenue beat(4)0
Avg Revenue beat(4)-1.06%
Min Revenue beat(4)-1.92%
Max Revenue beat(4)-0.16%
Revenue beat(8)1
Avg Revenue beat(8)-0.75%
Revenue beat(12)3
Avg Revenue beat(12)-0.98%
Revenue beat(16)7
Avg Revenue beat(16)-0.08%
PT rev (1m)4.39%
PT rev (3m)4.39%
EPS NQ rev (1m)-5105.1%
EPS NQ rev (3m)-5105.1%
EPS NY rev (1m)-63.06%
EPS NY rev (3m)-63.06%
Revenue NQ rev (1m)-2.42%
Revenue NQ rev (3m)-2.42%
Revenue NY rev (1m)-0.7%
Revenue NY rev (3m)-0.7%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 78.43 | ||
| Fwd PE | 52.09 | ||
| P/S | 1.21 | ||
| P/FCF | 26.05 | ||
| P/OCF | 13.35 | ||
| P/B | 0.89 | ||
| P/tB | 0.9 | ||
| EV/EBITDA | 17.48 |
EPS(TTM)0.35
EY1.28%
EPS(NY)0.53
Fwd EY1.92%
FCF(TTM)1.05
FCFY3.84%
OCF(TTM)2.06
OCFY7.49%
SpS22.66
BVpS30.69
TBVpS30.63
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -2.03% | ||
| ROE | -2.55% | ||
| ROCE | N/A | ||
| ROIC | N/A | ||
| ROICexc | N/A | ||
| ROICexgc | N/A | ||
| OM | N/A | ||
| PM (TTM) | N/A | ||
| GM | 24.24% | ||
| FCFM | 4.65% |
ROA(3y)11.66%
ROA(5y)8.09%
ROE(3y)17.74%
ROE(5y)13.31%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-5.64%
GM growth 5Y0.44%
F-Score5
Asset Turnover0.59
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.03 | ||
| Debt/FCF | 1.14 | ||
| Debt/EBITDA | 0.6 | ||
| Cap/Depr | 52.71% | ||
| Cap/Sales | 4.42% | ||
| Interest Coverage | N/A | ||
| Cash Conversion | 160.13% | ||
| Profit Quality | N/A | ||
| Current Ratio | 2.72 | ||
| Quick Ratio | 1.5 | ||
| Altman-Z | 3.67 |
F-Score5
WACC11.34%
ROIC/WACCN/A
Cap/Depr(3y)215.41%
Cap/Depr(5y)184.51%
Cap/Sales(3y)13.12%
Cap/Sales(5y)12.77%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-36.36%
EPS 3Y-40.34%
EPS 5Y-12.8%
EPS Q2Q%-62.5%
EPS Next Y-77.52%
EPS Next 2Y-7.8%
EPS Next 3Y27.5%
EPS Next 5YN/A
Revenue 1Y (TTM)4.13%
Revenue growth 3Y0.02%
Revenue growth 5Y7.83%
Sales Q2Q%4.76%
Revenue Next Year3.45%
Revenue Next 2Y5.02%
Revenue Next 3Y6.61%
Revenue Next 5YN/A
EBIT growth 1Y-413.95%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year271.77%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y212.68%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-51.43%
OCF growth 3Y-41.54%
OCF growth 5Y-3.92%