LATTICE SEMICONDUCTOR CORP (LSCC) Stock Fundamental Analysis
NASDAQ:LSCC - Nasdaq - US5184151042 - Common Stock - Currency: USD
Overall LSCC gets a fundamental rating of 6 out of 10. We evaluated LSCC against 108 industry peers in the Semiconductors & Semiconductor Equipment industry. LSCC gets an excellent profitability rating and is at the same time showing great financial health properties. While showing a medium growth rate, LSCC is valued expensive at the moment. This makes LSCC very considerable for quality investing!
1. Profitability
1.1 Basic Checks
LSCC had positive earnings in the past year.
LSCC had a positive operating cash flow in the past year.
In the past 5 years LSCC has always been profitable.
Each year in the past 5 years LSCC had a positive operating cash flow.
1.2 Ratios
LSCC's Return On Assets of 7.24% is fine compared to the rest of the industry. LSCC outperforms 72.22% of its industry peers.
LSCC has a Return On Equity of 8.60%. This is in the better half of the industry: LSCC outperforms 64.81% of its industry peers.
With a decent Return On Invested Capital value of 6.44%, LSCC is doing good in the industry, outperforming 70.37% of the companies in the same industry.
The Average Return On Invested Capital over the past 3 years for LSCC is significantly above the industry average of 11.63%.
The 3 year average ROIC (17.21%) for LSCC is well above the current ROIC(6.44%). The reason for the recent decline needs to be investigated.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 7.24% | ||
| ROE | 8.6% | ||
| ROIC | 6.44% |
ROA(3y)20.15%
ROA(5y)16.12%
ROE(3y)27.58%
ROE(5y)23.68%
ROIC(3y)17.21%
ROIC(5y)14.43%
1.3 Margins
LSCC's Profit Margin of 12.00% is fine compared to the rest of the industry. LSCC outperforms 67.59% of its industry peers.
In the last couple of years the Profit Margin of LSCC has grown nicely.
Looking at the Operating Margin, with a value of 11.91%, LSCC is in the better half of the industry, outperforming 66.67% of the companies in the same industry.
In the last couple of years the Operating Margin of LSCC has declined.
LSCC's Gross Margin of 66.82% is amongst the best of the industry. LSCC outperforms 90.74% of its industry peers.
LSCC's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 11.91% | ||
| PM (TTM) | 12% | ||
| GM | 66.82% |
OM growth 3Y-15.82%
OM growth 5Y-5.45%
PM growth 3Y-13.61%
PM growth 5Y2.2%
GM growth 3Y2.29%
GM growth 5Y2.52%
2. Health
2.1 Basic Checks
LSCC has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
Compared to 1 year ago, LSCC has more shares outstanding
Compared to 5 years ago, LSCC has more shares outstanding
There is no outstanding debt for LSCC. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
2.2 Solvency
An Altman-Z score of 40.38 indicates that LSCC is not in any danger for bankruptcy at the moment.
The Altman-Z score of LSCC (40.38) is better than 95.37% of its industry peers.
LSCC has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | 0 | ||
| Altman-Z | 40.38 |
ROIC/WACC0.56
WACC11.53%
2.3 Liquidity
A Current Ratio of 3.66 indicates that LSCC has no problem at all paying its short term obligations.
LSCC has a better Current ratio (3.66) than 62.96% of its industry peers.
LSCC has a Quick Ratio of 2.62. This indicates that LSCC is financially healthy and has no problem in meeting its short term obligations.
With a Quick ratio value of 2.62, LSCC perfoms like the industry average, outperforming 59.26% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 3.66 | ||
| Quick Ratio | 2.62 |
3. Growth
3.1 Past
LSCC shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -52.74%.
Measured over the past years, LSCC shows a quite strong growth in Earnings Per Share. The EPS has been growing by 9.63% on average per year.
LSCC shows a very negative growth in Revenue. In the last year, the Revenue has decreased by -30.90%.
Measured over the past years, LSCC shows a small growth in Revenue. The Revenue has been growing by 4.74% on average per year.
EPS 1Y (TTM)-52.74%
EPS 3Y-3.89%
EPS 5Y9.63%
EPS Q2Q%-57.78%
Revenue 1Y (TTM)-30.9%
Revenue growth 3Y-0.38%
Revenue growth 5Y4.74%
Sales Q2Q%-31.17%
3.2 Future
LSCC is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 27.56% yearly.
LSCC is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 11.90% yearly.
EPS Next Y16.33%
EPS Next 2Y29.28%
EPS Next 3Y27.56%
EPS Next 5YN/A
Revenue Next Year2.57%
Revenue Next 2Y11.5%
Revenue Next 3Y11.9%
Revenue Next 5YN/A
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 65.62, the valuation of LSCC can be described as expensive.
LSCC's Price/Earnings is on the same level as the industry average.
LSCC is valuated expensively when we compare the Price/Earnings ratio to 29.98, which is the current average of the S&P500 Index.
LSCC is valuated quite expensively with a Price/Forward Earnings ratio of 56.41.
LSCC's Price/Forward Earnings ratio is in line with the industry average.
LSCC is valuated expensively when we compare the Price/Forward Earnings ratio to 22.66, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 65.62 | ||
| Fwd PE | 56.41 |
4.2 Price Multiples
LSCC's Enterprise Value to EBITDA ratio is in line with the industry average.
LSCC's Price/Free Cash Flow ratio is in line with the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 71.74 | ||
| EV/EBITDA | 79.15 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates LSCC does not grow enough to justify the current Price/Earnings ratio.
LSCC has an outstanding profitability rating, which may justify a higher PE ratio.
A more expensive valuation may be justified as LSCC's earnings are expected to grow with 27.56% in the coming years.
PEG (NY)4.02
PEG (5Y)6.82
EPS Next 2Y29.28%
EPS Next 3Y27.56%
5. Dividend
5.1 Amount
LSCC does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
62.34
+1.78 (+2.94%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSemiconductors & Semiconductor Equipment
GICS IndustrySemiconductors & Semiconductor Equipment
Earnings (Last)
Earnings (Next)
Inst Owners114.81%
Inst Owner Change2.68%
Ins Owners0.78%
Ins Owner Change14.84%
Market Cap8.60B
Analysts80
Price Target70.25 (12.69%)
Short Float %6.24%
Short Ratio3.89
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)0
Avg EPS beat(2)-0.86%
Min EPS beat(2)-1.53%
Max EPS beat(2)-0.19%
EPS beat(4)0
Avg EPS beat(4)-2.03%
Min EPS beat(4)-6.37%
Max EPS beat(4)-0.04%
EPS beat(8)2
Avg EPS beat(8)-0.99%
EPS beat(12)6
Avg EPS beat(12)1.03%
EPS beat(16)10
Avg EPS beat(16)3.77%
Revenue beat(2)0
Avg Revenue beat(2)-1.82%
Min Revenue beat(2)-1.96%
Max Revenue beat(2)-1.68%
Revenue beat(4)0
Avg Revenue beat(4)-2.92%
Min Revenue beat(4)-6.56%
Max Revenue beat(4)-1.49%
Revenue beat(8)1
Avg Revenue beat(8)-2.41%
Revenue beat(12)4
Avg Revenue beat(12)-1.5%
Revenue beat(16)8
Avg Revenue beat(16)-0.49%
PT rev (1m)5.79%
PT rev (3m)25.18%
EPS NQ rev (1m)3.84%
EPS NQ rev (3m)3.84%
EPS NY rev (1m)0.56%
EPS NY rev (3m)1.98%
Revenue NQ rev (1m)1.12%
Revenue NQ rev (3m)1.26%
Revenue NY rev (1m)-0.45%
Revenue NY rev (3m)0.29%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 65.62 | ||
| Fwd PE | 56.41 | ||
| P/S | 16.88 | ||
| P/FCF | 71.74 | ||
| P/OCF | 61.05 | ||
| P/B | 12.1 | ||
| P/tB | 22 | ||
| EV/EBITDA | 79.15 |
EPS(TTM)0.95
EY1.52%
EPS(NY)1.11
Fwd EY1.77%
FCF(TTM)0.87
FCFY1.39%
OCF(TTM)1.02
OCFY1.64%
SpS3.69
BVpS5.15
TBVpS2.83
PEG (NY)4.02
PEG (5Y)6.82
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 7.24% | ||
| ROE | 8.6% | ||
| ROCE | 8.15% | ||
| ROIC | 6.44% | ||
| ROICexc | 7.88% | ||
| ROICexgc | 16.64% | ||
| OM | 11.91% | ||
| PM (TTM) | 12% | ||
| GM | 66.82% | ||
| FCFM | 23.54% |
ROA(3y)20.15%
ROA(5y)16.12%
ROE(3y)27.58%
ROE(5y)23.68%
ROIC(3y)17.21%
ROIC(5y)14.43%
ROICexc(3y)21.34%
ROICexc(5y)18.26%
ROICexgc(3y)52.88%
ROICexgc(5y)49.22%
ROCE(3y)21.78%
ROCE(5y)18.26%
ROICexcg growth 3Y-33.52%
ROICexcg growth 5Y-16.93%
ROICexc growth 3Y-22.03%
ROICexc growth 5Y-9.19%
OM growth 3Y-15.82%
OM growth 5Y-5.45%
PM growth 3Y-13.61%
PM growth 5Y2.2%
GM growth 3Y2.29%
GM growth 5Y2.52%
F-Score5
Asset Turnover0.6
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | 0 | ||
| Debt/EBITDA | 0 | ||
| Cap/Depr | 45.36% | ||
| Cap/Sales | 4.12% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 131.73% | ||
| Profit Quality | 196.12% | ||
| Current Ratio | 3.66 | ||
| Quick Ratio | 2.62 | ||
| Altman-Z | 40.38 |
F-Score5
WACC11.53%
ROIC/WACC0.56
Cap/Depr(3y)57.89%
Cap/Depr(5y)52.41%
Cap/Sales(3y)3.46%
Cap/Sales(5y)3.05%
Profit Quality(3y)137.63%
Profit Quality(5y)149.09%
High Growth Momentum
Growth
EPS 1Y (TTM)-52.74%
EPS 3Y-3.89%
EPS 5Y9.63%
EPS Q2Q%-57.78%
EPS Next Y16.33%
EPS Next 2Y29.28%
EPS Next 3Y27.56%
EPS Next 5YN/A
Revenue 1Y (TTM)-30.9%
Revenue growth 3Y-0.38%
Revenue growth 5Y4.74%
Sales Q2Q%-31.17%
Revenue Next Year2.57%
Revenue Next 2Y11.5%
Revenue Next 3Y11.9%
Revenue Next 5YN/A
EBIT growth 1Y-71.66%
EBIT growth 3Y-16.14%
EBIT growth 5Y-0.97%
EBIT Next Year40.12%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-51.95%
FCF growth 3Y-8.77%
FCF growth 5Y2.02%
OCF growth 1Y-47.74%
OCF growth 3Y-5.64%
OCF growth 5Y2.57%