QORVO INC (QRVO) Stock Fundamental Analysis
NASDAQ:QRVO - Nasdaq - US74736K1016 - Common Stock
We assign a fundamental rating of 5 out of 10 to QRVO. QRVO was compared to 109 industry peers in the Semiconductors & Semiconductor Equipment industry. QRVO has only an average score on both its financial health and profitability. QRVO has a decent growth rate and is not valued too expensively.
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
Looking at the Return On Assets, with a value of -2.17%, QRVO is doing worse than 61.11% of the companies in the same industry.
The Return On Equity of QRVO (-4.14%) is worse than 62.96% of its industry peers.
With a decent Return On Invested Capital value of 5.61%, QRVO is doing good in the industry, outperforming 66.67% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for QRVO is below the industry average of 11.96%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -2.17% | ||
| ROE | -4.14% | ||
| ROIC | 5.61% |
ROA(3y)4.74%
ROA(5y)5.9%
ROE(3y)7.79%
ROE(5y)9.4%
ROIC(3y)7.77%
ROIC(5y)8.1%
1.3 Margins
QRVO has a Operating Margin of 9.30%. This is in the better half of the industry: QRVO outperforms 62.96% of its industry peers.
In the last couple of years the Operating Margin of QRVO has grown nicely.
Looking at the Gross Margin, with a value of 39.22%, QRVO is doing worse than 61.11% of the companies in the same 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 | 9.3% | ||
| PM (TTM) | N/A | ||
| GM | 39.22% |
OM growth 3Y-21.46%
OM growth 5Y9.45%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-5.08%
GM growth 5Y0.73%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so QRVO is destroying value.
The number of shares outstanding for QRVO has been reduced compared to 1 year ago.
Compared to 5 years ago, QRVO has less shares outstanding
Compared to 1 year ago, QRVO has an improved debt to assets ratio.
2.2 Solvency
An Altman-Z score of 2.60 indicates that QRVO is not a great score, but indicates only limited risk for bankruptcy at the moment.
With a Altman-Z score value of 2.60, QRVO is not doing good in the industry: 62.04% of the companies in the same industry are doing better.
The Debt to FCF ratio of QRVO is 2.53, which is a good value as it means it would take QRVO, 2.53 years of fcf income to pay off all of its debts.
QRVO's Debt to FCF ratio of 2.53 is fine compared to the rest of the industry. QRVO outperforms 70.37% of its industry peers.
QRVO has a Debt/Equity ratio of 0.45. This is a healthy value indicating a solid balance between debt and equity.
QRVO has a worse Debt to Equity ratio (0.45) than 71.30% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.45 | ||
| Debt/FCF | 2.53 | ||
| Altman-Z | 2.6 |
ROIC/WACC0.42
WACC13.46%
2.3 Liquidity
A Current Ratio of 1.90 indicates that QRVO should not have too much problems paying its short term obligations.
Looking at the Current ratio, with a value of 1.90, QRVO is doing worse than 75.93% of the companies in the same industry.
A Quick Ratio of 1.38 indicates that QRVO should not have too much problems paying its short term obligations.
QRVO's Quick ratio of 1.38 is on the low side compared to the rest of the industry. QRVO is outperformed by 74.07% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.9 | ||
| Quick Ratio | 1.38 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 66.84% over the past year.
Measured over the past 5 years, QRVO shows a small growth in Earnings Per Share. The EPS has been growing by 1.48% on average per year.
The Revenue has grown by 26.11% in the past year. This is a very strong growth!
The Revenue has been growing slightly by 4.05% on average over the past years.
EPS 1Y (TTM)66.84%
EPS 3Y-13.91%
EPS 5Y1.48%
EPS Q2Q%-21.34%
Revenue 1Y (TTM)26.11%
Revenue growth 3Y-2.08%
Revenue growth 5Y4.05%
Sales Q2Q%-5.16%
3.2 Future
The Earnings Per Share is expected to grow by 7.22% on average over the next years.
QRVO is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 4.65% yearly.
EPS Next Y-22.1%
EPS Next 2Y-1.57%
EPS Next 3Y7.78%
EPS Next 5Y7.22%
Revenue Next Year-1.83%
Revenue Next 2Y1.39%
Revenue Next 3Y3.62%
Revenue Next 5Y4.65%
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 14.04, which indicates a correct valuation of QRVO.
Based on the Price/Earnings ratio, QRVO is valued cheaper than 91.67% of the companies in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 28.29, QRVO is valued rather cheaply.
With a Price/Forward Earnings ratio of 14.53, QRVO is valued correctly.
QRVO's Price/Forward Earnings ratio is rather cheap when compared to the industry. QRVO is cheaper than 87.04% of the companies in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 24.44. QRVO is valued slightly cheaper when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.04 | ||
| Fwd PE | 14.53 |
4.2 Price Multiples
QRVO's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. QRVO is cheaper than 79.63% of the companies in the same industry.
98.15% 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 | 10.7 | ||
| EV/EBITDA | 13.45 |
4.3 Compensation for Growth
PEG (NY)N/A
PEG (5Y)9.5
EPS Next 2Y-1.57%
EPS Next 3Y7.78%
5. Dividend
5.1 Amount
QRVO does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
QORVO INC
NASDAQ:QRVO (1/21/2025, 8:22:55 PM)
Premarket: 88.4 +0.82 (+0.94%)87.58
+3.37 (+4%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSemiconductors & Semiconductor Equipment
GICS IndustrySemiconductors & Semiconductor Equipment
Earnings (Last)
Earnings (Next)
Inst Owners93.27%
Inst Owner Change0.61%
Ins Owners0.33%
Ins Owner Change2.41%
Market Cap8.28B
Analysts57.06
Price Target90.54 (3.38%)
Short Float %8.04%
Short Ratio2.45
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)1
Avg EPS beat(2)9.73%
Min EPS beat(2)-0.5%
Max EPS beat(2)19.96%
EPS beat(4)3
Avg EPS beat(4)13.94%
Min EPS beat(4)-0.5%
Max EPS beat(4)24.11%
EPS beat(8)7
Avg EPS beat(8)39.89%
EPS beat(12)11
Avg EPS beat(12)28.04%
EPS beat(16)15
Avg EPS beat(16)23.5%
Revenue beat(2)1
Avg Revenue beat(2)0.95%
Min Revenue beat(2)-0.14%
Max Revenue beat(2)2.04%
Revenue beat(4)2
Avg Revenue beat(4)1.62%
Min Revenue beat(4)-0.4%
Max Revenue beat(4)4.97%
Revenue beat(8)4
Avg Revenue beat(8)1.81%
Revenue beat(12)5
Avg Revenue beat(12)1%
Revenue beat(16)8
Avg Revenue beat(16)0.78%
PT rev (1m)-3.87%
PT rev (3m)-29.65%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-37.97%
EPS NY rev (1m)0%
EPS NY rev (3m)-21.95%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-14.7%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-6.56%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.04 | ||
| Fwd PE | 14.53 | ||
| P/S | 2.1 | ||
| P/FCF | 10.7 | ||
| P/OCF | 9.16 | ||
| P/B | 2.43 | ||
| P/tB | 15.72 | ||
| EV/EBITDA | 13.45 |
EPS(TTM)6.24
EY7.12%
EPS(NY)6.03
Fwd EY6.88%
FCF(TTM)8.19
FCFY9.35%
OCF(TTM)9.57
OCFY10.92%
SpS41.76
BVpS36.07
TBVpS5.57
PEG (NY)N/A
PEG (5Y)9.5
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -2.17% | ||
| ROE | -4.14% | ||
| ROCE | 7.1% | ||
| ROIC | 5.61% | ||
| ROICexc | 7.12% | ||
| ROICexgc | 24.39% | ||
| OM | 9.3% | ||
| PM (TTM) | N/A | ||
| GM | 39.22% | ||
| FCFM | 19.6% |
ROA(3y)4.74%
ROA(5y)5.9%
ROE(3y)7.79%
ROE(5y)9.4%
ROIC(3y)7.77%
ROIC(5y)8.1%
ROICexc(3y)9.2%
ROICexc(5y)9.72%
ROICexgc(3y)25.11%
ROICexgc(5y)26.65%
ROCE(3y)9.84%
ROCE(5y)10.25%
ROICexcg growth 3Y-11.79%
ROICexcg growth 5Y26.06%
ROICexc growth 3Y-18.34%
ROICexc growth 5Y15.76%
OM growth 3Y-21.46%
OM growth 5Y9.45%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-5.08%
GM growth 5Y0.73%
F-Score6
Asset Turnover0.61
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.45 | ||
| Debt/FCF | 2.53 | ||
| Debt/EBITDA | 2.28 | ||
| Cap/Depr | 41.67% | ||
| Cap/Sales | 3.3% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 132.96% | ||
| Profit Quality | N/A | ||
| Current Ratio | 1.9 | ||
| Quick Ratio | 1.38 | ||
| Altman-Z | 2.6 |
F-Score6
WACC13.46%
ROIC/WACC0.42
Cap/Depr(3y)48.55%
Cap/Depr(5y)44.33%
Cap/Sales(3y)4.14%
Cap/Sales(5y)4.43%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)66.84%
EPS 3Y-13.91%
EPS 5Y1.48%
EPS Q2Q%-21.34%
EPS Next Y-22.1%
EPS Next 2Y-1.57%
EPS Next 3Y7.78%
EPS Next 5Y7.22%
Revenue 1Y (TTM)26.11%
Revenue growth 3Y-2.08%
Revenue growth 5Y4.05%
Sales Q2Q%-5.16%
Revenue Next Year-1.83%
Revenue Next 2Y1.39%
Revenue Next 3Y3.62%
Revenue Next 5Y4.65%
EBIT growth 1Y576.91%
EBIT growth 3Y-23.09%
EBIT growth 5Y13.89%
EBIT Next Year-13.92%
EBIT Next 3Y10.8%
EBIT Next 5Y13.2%
FCF growth 1Y-4.68%
FCF growth 3Y-14.13%
FCF growth 5Y3.67%
OCF growth 1Y-9.87%
OCF growth 3Y-13.82%
OCF growth 5Y0.56%