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 110 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. LSCC is quite expensive at the moment. It does show a decent growth rate. With these ratings, LSCC could be worth investigating further for quality investing!.
1. Profitability
1.1 Basic Checks
In the past year LSCC was profitable.
In the past year LSCC had a positive cash flow from operations.
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
The Return On Assets of LSCC (6.24%) is better than 70.00% of its industry peers.
Looking at the Return On Equity, with a value of 7.25%, LSCC is in the better half of the industry, outperforming 61.82% of the companies in the same industry.
With a decent Return On Invested Capital value of 5.26%, LSCC is doing good in the industry, outperforming 64.55% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for LSCC is significantly above the industry average of 10.58%.
The last Return On Invested Capital (5.26%) for LSCC is well below the 3 year average (17.21%), which needs to be investigated, but indicates that LSCC had better years and this may not be a problem.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.24% | ||
| ROE | 7.25% | ||
| ROIC | 5.26% |
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
Looking at the Profit Margin, with a value of 10.51%, LSCC is in the better half of the industry, outperforming 68.18% of the companies in the same industry.
LSCC's Profit Margin has improved in the last couple of years.
LSCC has a better Operating Margin (10.15%) than 62.73% of its industry peers.
LSCC's Operating Margin has declined in the last couple of years.
LSCC's Gross Margin of 66.69% is amongst the best of the industry. LSCC outperforms 90.91% of its industry peers.
LSCC's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 10.15% | ||
| PM (TTM) | 10.51% | ||
| GM | 66.69% |
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.
LSCC has more shares outstanding than it did 1 year ago.
LSCC has more shares outstanding than it did 5 years ago.
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
LSCC has an Altman-Z score of 38.61. This indicates that LSCC is financially healthy and has little risk of bankruptcy at the moment.
With an excellent Altman-Z score value of 38.61, LSCC belongs to the best of the industry, outperforming 94.55% of the companies in the same industry.
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.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | 0 | ||
| Altman-Z | 38.61 |
ROIC/WACC0.46
WACC11.34%
2.3 Liquidity
A Current Ratio of 4.31 indicates that LSCC has no problem at all paying its short term obligations.
LSCC has a Current ratio of 4.31. This is in the better half of the industry: LSCC outperforms 62.73% of its industry peers.
LSCC has a Quick Ratio of 3.10. This indicates that LSCC is financially healthy and has no problem in meeting its short term obligations.
LSCC has a better Quick ratio (3.10) than 62.73% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 4.31 | ||
| Quick Ratio | 3.1 |
3. Growth
3.1 Past
LSCC shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -50.84%.
The Earnings Per Share has been growing by 9.63% on average over the past years. This is quite good.
LSCC shows a very negative growth in Revenue. In the last year, the Revenue has decreased by -29.55%.
The Revenue has been growing slightly by 4.74% on average over the past years.
EPS 1Y (TTM)-50.84%
EPS 3Y-3.89%
EPS 5Y9.63%
EPS Q2Q%-24.14%
Revenue 1Y (TTM)-29.55%
Revenue growth 3Y-0.38%
Revenue growth 5Y4.74%
Sales Q2Q%-14.68%
3.2 Future
The Earnings Per Share is expected to grow by 24.01% on average over the next years. This is a very strong growth
Based on estimates for the next years, LSCC will show a quite strong growth in Revenue. The Revenue will grow by 10.03% on average per year.
EPS Next Y12.75%
EPS Next 2Y24.76%
EPS Next 3Y24.01%
EPS Next 5YN/A
Revenue Next Year1.44%
Revenue Next 2Y9.61%
Revenue Next 3Y10.03%
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
The Price/Earnings ratio is 59.10, which means the current valuation is very expensive for LSCC.
Compared to the rest of the industry, the Price/Earnings ratio of LSCC is on the same level as its industry peers.
Compared to an average S&P500 Price/Earnings ratio of 27.45, LSCC is valued quite expensively.
The Price/Forward Earnings ratio is 35.17, which means the current valuation is very expensive for LSCC.
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 21.89, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 59.1 | ||
| Fwd PE | 35.17 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of LSCC is on the same level as its industry peers.
LSCC's Price/Free Cash Flow ratio is in line with the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 61.08 | ||
| EV/EBITDA | 73.42 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
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 24.01% in the coming years.
PEG (NY)4.64
PEG (5Y)6.14
EPS Next 2Y24.76%
EPS Next 3Y24.01%
5. Dividend
5.1 Amount
No dividends for LSCC!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
52.01
-0.3 (-0.57%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSemiconductors & Semiconductor Equipment
GICS IndustrySemiconductors & Semiconductor Equipment
Earnings (Last)
Earnings (Next)
Inst Owners119.69%
Inst Owner Change-49.81%
Ins Owners0.62%
Ins Owner Change6.99%
Market Cap7.15B
Analysts80
Price Target64.04 (23.13%)
Short Float %8.16%
Short Ratio4.3
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)-1.87%
Min EPS beat(2)-2.2%
Max EPS beat(2)-1.53%
EPS beat(4)0
Avg EPS beat(4)-2.57%
Min EPS beat(4)-6.37%
Max EPS beat(4)-0.19%
EPS beat(8)2
Avg EPS beat(8)-1.24%
EPS beat(12)5
Avg EPS beat(12)0.11%
EPS beat(16)9
Avg EPS beat(16)2.88%
Revenue beat(2)0
Avg Revenue beat(2)-1.81%
Min Revenue beat(2)-1.94%
Max Revenue beat(2)-1.68%
Revenue beat(4)0
Avg Revenue beat(4)-3.04%
Min Revenue beat(4)-6.56%
Max Revenue beat(4)-1.68%
Revenue beat(8)0
Avg Revenue beat(8)-2.7%
Revenue beat(12)3
Avg Revenue beat(12)-1.74%
Revenue beat(16)7
Avg Revenue beat(16)-0.8%
PT rev (1m)-2.15%
PT rev (3m)-8.84%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0.33%
EPS NY rev (1m)0%
EPS NY rev (3m)-3.08%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-0.05%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-1.11%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 59.1 | ||
| Fwd PE | 35.17 | ||
| P/S | 14.63 | ||
| P/FCF | 61.08 | ||
| P/OCF | 49.92 | ||
| P/B | 10.1 | ||
| P/tB | 18.46 | ||
| EV/EBITDA | 73.42 |
EPS(TTM)0.88
EY1.69%
EPS(NY)1.48
Fwd EY2.84%
FCF(TTM)0.85
FCFY1.64%
OCF(TTM)1.04
OCFY2%
SpS3.55
BVpS5.15
TBVpS2.82
PEG (NY)4.64
PEG (5Y)6.14
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.24% | ||
| ROE | 7.25% | ||
| ROCE | 6.66% | ||
| ROIC | 5.26% | ||
| ROICexc | 6.35% | ||
| ROICexgc | 13.19% | ||
| OM | 10.15% | ||
| PM (TTM) | 10.51% | ||
| GM | 66.69% | ||
| FCFM | 23.96% |
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-Score6
Asset Turnover0.59
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | 0 | ||
| Debt/EBITDA | 0 | ||
| Cap/Depr | 56.83% | ||
| Cap/Sales | 5.36% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 149.73% | ||
| Profit Quality | 227.98% | ||
| Current Ratio | 4.31 | ||
| Quick Ratio | 3.1 | ||
| Altman-Z | 38.61 |
F-Score6
WACC11.34%
ROIC/WACC0.46
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)-50.84%
EPS 3Y-3.89%
EPS 5Y9.63%
EPS Q2Q%-24.14%
EPS Next Y12.75%
EPS Next 2Y24.76%
EPS Next 3Y24.01%
EPS Next 5YN/A
Revenue 1Y (TTM)-29.55%
Revenue growth 3Y-0.38%
Revenue growth 5Y4.74%
Sales Q2Q%-14.68%
Revenue Next Year1.44%
Revenue Next 2Y9.61%
Revenue Next 3Y10.03%
Revenue Next 5YN/A
EBIT growth 1Y-71.37%
EBIT growth 3Y-16.14%
EBIT growth 5Y-0.97%
EBIT Next Year40.41%
EBIT Next 3Y32.17%
EBIT Next 5YN/A
FCF growth 1Y-45.08%
FCF growth 3Y-8.77%
FCF growth 5Y2.02%
OCF growth 1Y-40.43%
OCF growth 3Y-5.64%
OCF growth 5Y2.57%