85.89 USD
+0.27 (+0.32%)
85.89 USD
0 (0%)
We assign a fundamental rating of 5 out of 10 to QRVO. QRVO was compared to 112 industry peers in the Semiconductors & Semiconductor Equipment industry. QRVO has an excellent financial health rating, but there are some minor concerns on its profitability. QRVO is valued quite cheap, but it does not seem to be growing. These ratings could make QRVO a good candidate for value investing.
1. Profitability
1.1 Basic Checks
In the past year QRVO was profitable.
QRVO had a positive operating cash flow in the past year.
QRVO had positive earnings in 4 of the past 5 years.
Each year in the past 5 years QRVO had a positive operating cash flow.
1.2 Ratios
QRVO's Return On Assets of 3.57% is fine compared to the rest of the industry. QRVO outperforms 65.18% of its industry peers.
Looking at the Return On Equity, with a value of 6.21%, QRVO is in the better half of the industry, outperforming 65.18% of the companies in the same industry.
QRVO's Return On Invested Capital of 6.49% is fine compared to the rest of the industry. QRVO outperforms 72.32% of its industry peers.
QRVO had an Average Return On Invested Capital over the past 3 years of 4.84%. This is significantly below the industry average of 10.76%.
The 3 year average ROIC (4.84%) for QRVO is below the current ROIC(6.49%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.57% | ||
| ROE | 6.21% | ||
| ROIC | 6.49% |
ROA(3y)0.47%
ROA(5y)5.07%
ROE(3y)0.77%
ROE(5y)8.17%
ROIC(3y)4.84%
ROIC(5y)8.01%
1.3 Margins
Looking at the Profit Margin, with a value of 5.95%, QRVO is in the better half of the industry, outperforming 63.39% of the companies in the same industry.
QRVO's Profit Margin has declined in the last couple of years.
With a decent Operating Margin value of 11.86%, QRVO is doing good in the industry, outperforming 68.75% of the companies in the same industry.
In the last couple of years the Operating Margin of QRVO has declined.
QRVO has a Gross Margin of 43.80%. This is comparable to the rest of the industry: QRVO outperforms 49.11% of its industry peers.
QRVO's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 11.86% | ||
| PM (TTM) | 5.95% | ||
| GM | 43.8% |
OM growth 3Y-28.13%
OM growth 5Y-7.18%
PM growth 3Y-59.34%
PM growth 5Y-32.05%
GM growth 3Y-5.12%
GM growth 5Y0.08%
2. Health
2.1 Basic Checks
QRVO has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
QRVO has less shares outstanding than it did 1 year ago.
The number of shares outstanding for QRVO has been reduced compared to 5 years ago.
The debt/assets ratio for QRVO has been reduced compared to a year ago.
2.2 Solvency
An Altman-Z score of 3.00 indicates that QRVO is not in any danger for bankruptcy at the moment.
With a Altman-Z score value of 3.00, QRVO perfoms like the industry average, outperforming 47.32% of the companies in the same industry.
QRVO has a debt to FCF ratio of 2.90. This is a good value and a sign of high solvency as QRVO would need 2.90 years to pay back of all of its debts.
QRVO has a Debt to FCF ratio of 2.90. This is in the better half of the industry: QRVO outperforms 64.29% of its industry peers.
A Debt/Equity ratio of 0.44 indicates that QRVO is not too dependend on debt financing.
QRVO's Debt to Equity ratio of 0.44 is on the low side compared to the rest of the industry. QRVO is outperformed by 66.96% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.44 | ||
| Debt/FCF | 2.9 | ||
| Altman-Z | 3 |
ROIC/WACC0.63
WACC10.28%
2.3 Liquidity
QRVO has a Current Ratio of 2.95. This indicates that QRVO is financially healthy and has no problem in meeting its short term obligations.
With a Current ratio value of 2.95, QRVO perfoms like the industry average, outperforming 50.89% of the companies in the same industry.
QRVO has a Quick Ratio of 2.20. This indicates that QRVO is financially healthy and has no problem in meeting its short term obligations.
QRVO has a Quick ratio of 2.20. This is comparable to the rest of the industry: QRVO outperforms 52.68% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.95 | ||
| Quick Ratio | 2.2 |
3. Growth
3.1 Past
The earnings per share for QRVO have decreased by -1.12% in the last year.
Measured over the past years, QRVO shows a decrease in Earnings Per Share. The EPS has been decreasing by -1.74% on average per year.
QRVO shows a decrease in Revenue. In the last year, the revenue decreased by -7.22%.
Measured over the past years, QRVO shows a small growth in Revenue. The Revenue has been growing by 2.80% on average per year.
EPS 1Y (TTM)-1.12%
EPS 3Y-22.36%
EPS 5Y-1.74%
EPS Q2Q%18.09%
Revenue 1Y (TTM)-7.22%
Revenue growth 3Y-7.15%
Revenue growth 5Y2.8%
Sales Q2Q%1.15%
3.2 Future
The Earnings Per Share is expected to grow by 9.00% on average over the next years. This is quite good.
QRVO is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 3.14% yearly.
EPS Next Y8.64%
EPS Next 2Y9.97%
EPS Next 3Y12.15%
EPS Next 5Y9%
Revenue Next Year1.38%
Revenue Next 2Y2.64%
Revenue Next 3Y3.13%
Revenue Next 5Y3.14%
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is stable.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 13.92, which indicates a correct valuation of QRVO.
Based on the Price/Earnings ratio, QRVO is valued cheaper than 95.54% of the companies in the same industry.
QRVO is valuated rather cheaply when we compare the Price/Earnings ratio to 26.31, which is the current average of the S&P500 Index.
Based on the Price/Forward Earnings ratio of 12.29, the valuation of QRVO can be described as correct.
Based on the Price/Forward Earnings ratio, QRVO is valued cheaper than 97.32% of the companies in the same industry.
When comparing the Price/Forward Earnings ratio of QRVO to the average of the S&P500 Index (36.59), we can say QRVO is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 13.92 | ||
| Fwd PE | 12.29 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, QRVO is valued cheaply inside the industry as 88.39% of the companies are valued more expensively.
Based on the Price/Free Cash Flow ratio, QRVO is valued cheaper than 91.96% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 14.86 | ||
| EV/EBITDA | 11.76 |
4.3 Compensation for Growth
The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
The decent profitability rating of QRVO may justify a higher PE ratio.
A more expensive valuation may be justified as QRVO's earnings are expected to grow with 12.15% in the coming years.
PEG (NY)1.61
PEG (5Y)N/A
EPS Next 2Y9.97%
EPS Next 3Y12.15%
5. Dividend
5.1 Amount
QRVO does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
85.89
+0.27 (+0.32%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSemiconductors & Semiconductor Equipment
GICS IndustrySemiconductors & Semiconductor Equipment
Earnings (Last)
Earnings (Next)
Inst Owners102.19%
Inst Owner Change-4.3%
Ins Owners0.54%
Ins Owner Change6.1%
Market Cap7.94B
Revenue(TTM)3.66B
Net Income(TTM)217.83M
Analysts65.81
Price Target103.42 (20.41%)
Short Float %2.38%
Short Ratio1.1
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)2
Avg EPS beat(2)27.16%
Min EPS beat(2)5.11%
Max EPS beat(2)49.2%
EPS beat(4)4
Avg EPS beat(4)31.06%
Min EPS beat(4)5.11%
Max EPS beat(4)49.2%
EPS beat(8)7
Avg EPS beat(8)22.5%
EPS beat(12)11
Avg EPS beat(12)36.94%
EPS beat(16)15
Avg EPS beat(16)28.79%
Revenue beat(2)2
Avg Revenue beat(2)2.01%
Min Revenue beat(2)0.52%
Max Revenue beat(2)3.5%
Revenue beat(4)3
Avg Revenue beat(4)0.98%
Min Revenue beat(4)-0.35%
Max Revenue beat(4)3.5%
Revenue beat(8)5
Avg Revenue beat(8)1.3%
Revenue beat(12)7
Avg Revenue beat(12)1.53%
Revenue beat(16)8
Avg Revenue beat(16)0.99%
PT rev (1m)3.33%
PT rev (3m)5.22%
EPS NQ rev (1m)2.24%
EPS NQ rev (3m)3.36%
EPS NY rev (1m)1.24%
EPS NY rev (3m)2.26%
Revenue NQ rev (1m)0.65%
Revenue NQ rev (3m)1.03%
Revenue NY rev (1m)0.53%
Revenue NY rev (3m)0.68%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 13.92 | ||
| Fwd PE | 12.29 | ||
| P/S | 2.17 | ||
| P/FCF | 14.86 | ||
| P/OCF | 11.67 | ||
| P/B | 2.26 | ||
| P/tB | 8.86 | ||
| EV/EBITDA | 11.76 |
EPS(TTM)6.17
EY7.18%
EPS(NY)6.99
Fwd EY8.14%
FCF(TTM)5.78
FCFY6.73%
OCF(TTM)7.36
OCFY8.57%
SpS39.64
BVpS37.99
TBVpS9.69
PEG (NY)1.61
PEG (5Y)N/A
Graham Number72.62
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.57% | ||
| ROE | 6.21% | ||
| ROCE | 8.21% | ||
| ROIC | 6.49% | ||
| ROICexc | 8.19% | ||
| ROICexgc | 21.81% | ||
| OM | 11.86% | ||
| PM (TTM) | 5.95% | ||
| GM | 43.8% | ||
| FCFM | 14.58% |
ROA(3y)0.47%
ROA(5y)5.07%
ROE(3y)0.77%
ROE(5y)8.17%
ROIC(3y)4.84%
ROIC(5y)8.01%
ROICexc(3y)5.94%
ROICexc(5y)9.75%
ROICexgc(3y)18.11%
ROICexgc(5y)26.71%
ROCE(3y)6.13%
ROCE(5y)10.14%
ROICexgc growth 3Y-21.22%
ROICexgc growth 5Y0.33%
ROICexc growth 3Y-25%
ROICexc growth 5Y0.33%
OM growth 3Y-28.13%
OM growth 5Y-7.18%
PM growth 3Y-59.34%
PM growth 5Y-32.05%
GM growth 3Y-5.12%
GM growth 5Y0.08%
F-Score7
Asset Turnover0.6
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.44 | ||
| Debt/FCF | 2.9 | ||
| Debt/EBITDA | 2.17 | ||
| Cap/Depr | 52.43% | ||
| Cap/Sales | 3.98% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 95.43% | ||
| Profit Quality | 245.23% | ||
| Current Ratio | 2.95 | ||
| Quick Ratio | 2.2 | ||
| Altman-Z | 3 |
F-Score7
WACC10.28%
ROIC/WACC0.63
Cap/Depr(3y)44.31%
Cap/Depr(5y)46.6%
Cap/Sales(3y)3.84%
Cap/Sales(5y)4.16%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-1.12%
EPS 3Y-22.36%
EPS 5Y-1.74%
EPS Q2Q%18.09%
EPS Next Y8.64%
EPS Next 2Y9.97%
EPS Next 3Y12.15%
EPS Next 5Y9%
Revenue 1Y (TTM)-7.22%
Revenue growth 3Y-7.15%
Revenue growth 5Y2.8%
Sales Q2Q%1.15%
Revenue Next Year1.38%
Revenue Next 2Y2.64%
Revenue Next 3Y3.13%
Revenue Next 5Y3.14%
EBIT growth 1Y18.37%
EBIT growth 3Y-33.27%
EBIT growth 5Y-4.58%
EBIT Next Year36.5%
EBIT Next 3Y14.64%
EBIT Next 5Y13.28%
FCF growth 1Y75.66%
FCF growth 3Y-16.61%
FCF growth 5Y-9.12%
OCF growth 1Y54.33%
OCF growth 3Y-15.98%
OCF growth 5Y-8.03%
QORVO INC / QRVO FAQ
Can you provide the ChartMill fundamental rating for QORVO INC?
ChartMill assigns a fundamental rating of 5 / 10 to QRVO.
What is the valuation status for QRVO stock?
ChartMill assigns a valuation rating of 7 / 10 to QORVO INC (QRVO). This can be considered as Undervalued.
What is the profitability of QRVO stock?
QORVO INC (QRVO) has a profitability rating of 6 / 10.
What is the valuation of QORVO INC based on its PE and PB ratios?
The Price/Earnings (PE) ratio for QORVO INC (QRVO) is 13.92 and the Price/Book (PB) ratio is 2.26.