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 109 industry peers in the Semiconductors & Semiconductor Equipment industry. LSCC has outstanding health and profitabily ratings, belonging to the best of the industry. This is a solid base for any company. LSCC is quite expensive at the moment. It does show a decent growth rate. This makes LSCC very considerable 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
LSCC has a Return On Assets of 7.24%. This is in the better half of the industry: LSCC outperforms 72.48% of its industry peers.
LSCC has a Return On Equity of 8.60%. This is in the better half of the industry: LSCC outperforms 64.22% of its industry peers.
LSCC has a better Return On Invested Capital (6.44%) than 70.64% of its industry peers.
The Average Return On Invested Capital over the past 3 years for LSCC is significantly above the industry average of 11.14%.
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 has a Profit Margin of 12.00%. This is in the better half of the industry: LSCC outperforms 66.97% of its industry peers.
LSCC's Profit Margin has improved in the last couple of years.
LSCC has a better Operating Margin (11.91%) than 66.97% of its industry peers.
In the last couple of years the Operating Margin of LSCC has declined.
The Gross Margin of LSCC (66.82%) is better than 91.74% 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.
The number of shares outstanding for LSCC has been increased compared to 1 year ago.
Compared to 5 years ago, LSCC has more shares outstanding
LSCC has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
2.2 Solvency
An Altman-Z score of 27.13 indicates that LSCC is not in any danger for bankruptcy at the moment.
LSCC has a better Altman-Z score (27.13) than 94.50% of its industry peers.
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 | 27.13 |
ROIC/WACC0.58
WACC11.01%
2.3 Liquidity
A Current Ratio of 3.66 indicates that LSCC has no problem at all paying its short term obligations.
LSCC's Current ratio of 3.66 is fine compared to the rest of the industry. LSCC outperforms 62.39% of its industry peers.
A Quick Ratio of 2.62 indicates that LSCC has no problem at all paying its short term obligations.
LSCC has a Quick ratio (2.62) which is comparable to the rest of the 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%.
LSCC shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 9.63% yearly.
Looking at the last year, LSCC shows a very negative growth in Revenue. The Revenue has decreased by -30.90% in the last year.
LSCC shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 4.74% yearly.
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.
The Revenue is expected to grow by 11.99% on average over the next years. This is quite good.
EPS Next Y16.33%
EPS Next 2Y29.28%
EPS Next 3Y27.56%
EPS Next 5YN/A
Revenue Next Year2.47%
Revenue Next 2Y11.13%
Revenue Next 3Y11.99%
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
With a Price/Earnings ratio of 43.35, LSCC can be considered very expensive at the moment.
LSCC's Price/Earnings is on the same level as the industry average.
The average S&P500 Price/Earnings ratio is at 28.29. LSCC is valued rather expensively when compared to this.
With a Price/Forward Earnings ratio of 37.26, LSCC can be considered very expensive at the moment.
LSCC's Price/Forward Earnings ratio is in line with the industry average.
The average S&P500 Price/Forward Earnings ratio is at 21.08. LSCC is valued rather expensively when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 43.35 | ||
| Fwd PE | 37.26 |
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 | 47.27 | ||
| EV/EBITDA | 51.71 |
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.
LSCC's earnings are expected to grow with 27.56% in the coming years. This may justify a more expensive valuation.
PEG (NY)2.65
PEG (5Y)4.5
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 |
41.18
-0.41 (-0.99%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSemiconductors & Semiconductor Equipment
GICS IndustrySemiconductors & Semiconductor Equipment
Earnings (Last)
Earnings (Next)
Inst Owners114.81%
Inst Owner Change0%
Ins Owners0.78%
Ins Owner Change9.41%
Market Cap5.67B
Analysts80
Price Target70.25 (70.59%)
Short Float %7.57%
Short Ratio4.29
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)0%
PT rev (3m)12.13%
EPS NQ rev (1m)0.74%
EPS NQ rev (3m)4.61%
EPS NY rev (1m)0%
EPS NY rev (3m)0.79%
Revenue NQ rev (1m)-0.01%
Revenue NQ rev (3m)1.26%
Revenue NY rev (1m)-0.1%
Revenue NY rev (3m)-0.6%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 43.35 | ||
| Fwd PE | 37.26 | ||
| P/S | 11.12 | ||
| P/FCF | 47.27 | ||
| P/OCF | 40.23 | ||
| P/B | 7.97 | ||
| P/tB | 14.49 | ||
| EV/EBITDA | 51.71 |
EPS(TTM)0.95
EY2.31%
EPS(NY)1.11
Fwd EY2.68%
FCF(TTM)0.87
FCFY2.12%
OCF(TTM)1.02
OCFY2.49%
SpS3.7
BVpS5.17
TBVpS2.84
PEG (NY)2.65
PEG (5Y)4.5
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 | 27.13 |
F-Score5
WACC11.01%
ROIC/WACC0.58
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 Year2.47%
Revenue Next 2Y11.13%
Revenue Next 3Y11.99%
Revenue Next 5YN/A
EBIT growth 1Y-71.66%
EBIT growth 3Y-16.14%
EBIT growth 5Y-0.97%
EBIT Next Year41.58%
EBIT Next 3Y33.22%
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%