QORVO INC (QRVO) Stock Fundamental Analysis
USA - NASDAQ:QRVO - US74736K1016 - Common Stock
85.9 USD
-1.22 (-1.4%)
85.9 USD
0 (0%)
QRVO gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 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 has a valuation in line with the averages, but on the other hand it scores bad on growth.
1. Profitability
1.1 Basic Checks
QRVO had positive earnings in the past year.
In the past year QRVO had a positive cash flow from operations.
QRVO had positive earnings in 4 of the past 5 years.
In the past 5 years QRVO always reported a positive cash flow from operatings.
1.2 Ratios
With a Return On Assets value of 1.35%, QRVO perfoms like the industry average, outperforming 54.46% of the companies in the same industry.
With a Return On Equity value of 2.36%, QRVO perfoms like the industry average, outperforming 55.36% of the companies in the same industry.
The Return On Invested Capital of QRVO (5.65%) is better than 66.96% 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 11.07%.
The last Return On Invested Capital (5.65%) for QRVO is above the 3 year average (4.84%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.35% | ||
| ROE | 2.36% | ||
| ROIC | 5.65% |
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 2.22%, QRVO is in line with its industry, outperforming 54.46% of the companies in the same industry.
In the last couple of years the Profit Margin of QRVO has declined.
Looking at the Operating Margin, with a value of 10.18%, QRVO is in the better half of the industry, outperforming 66.07% of the companies in the same industry.
In the last couple of years the Operating Margin of QRVO has declined.
The Gross Margin of QRVO (42.44%) is comparable to the rest of the industry.
In the last couple of years the Gross Margin of QRVO has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 10.18% | ||
| PM (TTM) | 2.22% | ||
| GM | 42.44% |
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
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), QRVO is destroying value.
Compared to 1 year ago, QRVO has less shares outstanding
QRVO has less shares outstanding than it did 5 years ago.
Compared to 1 year ago, QRVO has an improved debt to assets ratio.
2.2 Solvency
An Altman-Z score of 2.99 indicates that QRVO is not in any danger for bankruptcy at the moment.
QRVO's Altman-Z score of 2.99 is in line compared to the rest of the industry. QRVO outperforms 46.43% of its industry peers.
QRVO has a debt to FCF ratio of 2.64. This is a good value and a sign of high solvency as QRVO would need 2.64 years to pay back of all of its debts.
Looking at the Debt to FCF ratio, with a value of 2.64, QRVO is in the better half of the industry, outperforming 63.39% of the companies in the same industry.
QRVO has a Debt/Equity ratio of 0.45. This is a healthy value indicating a solid balance between debt and equity.
With a Debt to Equity ratio value of 0.45, QRVO is not doing good in the industry: 68.75% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.45 | ||
| Debt/FCF | 2.64 | ||
| Altman-Z | 2.99 |
ROIC/WACC0.5
WACC11.37%
2.3 Liquidity
A Current Ratio of 2.81 indicates that QRVO has no problem at all paying its short term obligations.
With a Current ratio value of 2.81, QRVO perfoms like the industry average, outperforming 53.57% of the companies in the same industry.
A Quick Ratio of 2.01 indicates that QRVO has no problem at all paying its short term obligations.
QRVO's Quick ratio of 2.01 is in line compared to the rest of the industry. QRVO outperforms 50.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.81 | ||
| Quick Ratio | 2.01 |
3. Growth
3.1 Past
The earnings per share for QRVO have decreased strongly by -13.63% 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.
Looking at the last year, QRVO shows a decrease in Revenue. The Revenue has decreased by -8.84% in the last year.
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)-13.63%
EPS 3Y-22.36%
EPS 5Y-1.74%
EPS Q2Q%5.75%
Revenue 1Y (TTM)-8.84%
Revenue growth 3Y-7.15%
Revenue growth 5Y2.8%
Sales Q2Q%-7.66%
3.2 Future
Based on estimates for the next years, QRVO will show a quite strong growth in Earnings Per Share. The EPS will grow by 8.32% on average per year.
The Revenue is expected to grow by 3.18% on average over the next years.
EPS Next Y8.64%
EPS Next 2Y9.97%
EPS Next 3Y11.55%
EPS Next 5Y8.32%
Revenue Next Year1.38%
Revenue Next 2Y2.64%
Revenue Next 3Y3.31%
Revenue Next 5Y3.18%
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
Based on the Price/Earnings ratio of 14.73, the valuation of QRVO can be described as correct.
93.75% of the companies in the same industry are more expensive than QRVO, based on the Price/Earnings ratio.
The average S&P500 Price/Earnings ratio is at 25.83. QRVO is valued slightly cheaper when compared to this.
With a Price/Forward Earnings ratio of 12.29, QRVO is valued correctly.
QRVO's Price/Forward Earnings ratio is rather cheap when compared to the industry. QRVO is cheaper than 97.32% of the companies in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 32.68, QRVO is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.73 | ||
| Fwd PE | 12.29 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, QRVO is valued cheaper than 86.61% of the companies in the same industry.
95.54% of the companies in the same industry are more expensive than QRVO, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 13.56 | ||
| EV/EBITDA | 12.81 |
4.3 Compensation for Growth
QRVO's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
PEG (NY)1.71
PEG (5Y)N/A
EPS Next 2Y9.97%
EPS Next 3Y11.55%
5. Dividend
5.1 Amount
QRVO does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
85.9
-1.22 (-1.4%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSemiconductors & Semiconductor Equipment
GICS IndustrySemiconductors & Semiconductor Equipment
Earnings (Last)
Earnings (Next)
Inst Owners102.19%
Inst Owner Change0.52%
Ins Owners0.54%
Ins Owner Change16.04%
Market Cap7.96B
Revenue(TTM)3.65B
Net Income(TTM)81.23M
Analysts65.81
Price Target99.13 (15.4%)
Short Float %3.13%
Short Ratio1.74
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)44.05%
Min EPS beat(2)38.89%
Max EPS beat(2)49.2%
EPS beat(4)3
Avg EPS beat(4)29.66%
Min EPS beat(4)-0.5%
Max EPS beat(4)49.2%
EPS beat(8)7
Avg EPS beat(8)25.87%
EPS beat(12)11
Avg EPS beat(12)36.76%
EPS beat(16)15
Avg EPS beat(16)28.66%
Revenue beat(2)2
Avg Revenue beat(2)1.87%
Min Revenue beat(2)0.24%
Max Revenue beat(2)3.5%
Revenue beat(4)2
Avg Revenue beat(4)0.81%
Min Revenue beat(4)-0.35%
Max Revenue beat(4)3.5%
Revenue beat(8)5
Avg Revenue beat(8)2.23%
Revenue beat(12)7
Avg Revenue beat(12)1.5%
Revenue beat(16)7
Avg Revenue beat(16)0.86%
PT rev (1m)-0.03%
PT rev (3m)17.29%
EPS NQ rev (1m)0.31%
EPS NQ rev (3m)25.84%
EPS NY rev (1m)0.51%
EPS NY rev (3m)12.04%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)7.33%
Revenue NY rev (1m)0.11%
Revenue NY rev (3m)1.68%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.73 | ||
| Fwd PE | 12.29 | ||
| P/S | 2.18 | ||
| P/FCF | 13.56 | ||
| P/OCF | 10.99 | ||
| P/B | 2.32 | ||
| P/tB | 10.01 | ||
| EV/EBITDA | 12.81 |
EPS(TTM)5.83
EY6.79%
EPS(NY)6.99
Fwd EY8.14%
FCF(TTM)6.34
FCFY7.38%
OCF(TTM)7.82
OCFY9.1%
SpS39.41
BVpS37.1
TBVpS8.58
PEG (NY)1.71
PEG (5Y)N/A
Graham Number69.76
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.35% | ||
| ROE | 2.36% | ||
| ROCE | 7.15% | ||
| ROIC | 5.65% | ||
| ROICexc | 7.28% | ||
| ROICexgc | 21.11% | ||
| OM | 10.18% | ||
| PM (TTM) | 2.22% | ||
| GM | 42.44% | ||
| FCFM | 16.08% |
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 Turnover0.61
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.45 | ||
| Debt/FCF | 2.64 | ||
| Debt/EBITDA | 2.35 | ||
| Cap/Depr | 47.55% | ||
| Cap/Sales | 3.76% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 109.68% | ||
| Profit Quality | 722.64% | ||
| Current Ratio | 2.81 | ||
| Quick Ratio | 2.01 | ||
| Altman-Z | 2.99 |
F-Score7
WACC11.37%
ROIC/WACC0.5
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)-13.63%
EPS 3Y-22.36%
EPS 5Y-1.74%
EPS Q2Q%5.75%
EPS Next Y8.64%
EPS Next 2Y9.97%
EPS Next 3Y11.55%
EPS Next 5Y8.32%
Revenue 1Y (TTM)-8.84%
Revenue growth 3Y-7.15%
Revenue growth 5Y2.8%
Sales Q2Q%-7.66%
Revenue Next Year1.38%
Revenue Next 2Y2.64%
Revenue Next 3Y3.31%
Revenue Next 5Y3.18%
EBIT growth 1Y-5.57%
EBIT growth 3Y-33.27%
EBIT growth 5Y-4.58%
EBIT Next Year36.5%
EBIT Next 3Y14.24%
EBIT Next 5Y12.98%
FCF growth 1Y27.58%
FCF growth 3Y-16.61%
FCF growth 5Y-9.12%
OCF growth 1Y17.73%
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 6 / 10 to QORVO INC (QRVO). This can be considered as Fairly Valued.
What is the profitability of QRVO stock?
QORVO INC (QRVO) has a profitability rating of 5 / 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 14.73 and the Price/Book (PB) ratio is 2.32.