89.41 USD
-0.23 (-0.26%)
89.54 USD
+0.13 (+0.15%)
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 is in great health and has no worries on liquidiy or solvency at all, but the profibility rating is only average. QRVO is cheap, but on the other hand it scores bad on growth. These ratings would make QRVO suitable for value investing!
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.
Of the past 5 years QRVO 4 years were profitable.
Each year in the past 5 years QRVO had a positive operating cash flow.
1.2 Ratios
The Return On Assets of QRVO (3.57%) is better than 62.50% of its industry peers.
QRVO has a better Return On Equity (6.21%) than 62.50% of its industry peers.
QRVO has a better Return On Invested Capital (6.49%) than 72.32% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for QRVO is significantly below the industry average of 10.82%.
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
QRVO's Profit Margin of 5.95% is fine compared to the rest of the industry. QRVO outperforms 61.61% of its industry peers.
QRVO's Profit Margin has declined in the last couple of years.
QRVO's Operating Margin of 11.86% is fine compared to the rest of the industry. QRVO outperforms 67.86% of its industry peers.
In the last couple of years the Operating Margin of QRVO has declined.
QRVO has a Gross Margin (43.80%) which 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 | 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
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), QRVO 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.
Compared to 1 year ago, QRVO has an improved debt to assets ratio.
2.2 Solvency
An Altman-Z score of 3.08 indicates that QRVO is not in any danger for bankruptcy at the moment.
With a Altman-Z score value of 3.08, QRVO perfoms like the industry average, outperforming 45.54% of the companies in the same industry.
The Debt to FCF ratio of QRVO is 2.90, which is a good value as it means it would take QRVO, 2.90 years of fcf income to pay off all of its debts.
QRVO has a better Debt to FCF ratio (2.90) than 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 68.75% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.44 | ||
| Debt/FCF | 2.9 | ||
| Altman-Z | 3.08 |
ROIC/WACC0.64
WACC10.11%
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.
A Quick Ratio of 2.20 indicates that QRVO has no problem at all paying its short term obligations.
Looking at the Quick ratio, with a value of 2.20, QRVO is in line with its industry, outperforming 51.79% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.95 | ||
| Quick Ratio | 2.2 |
3. Growth
3.1 Past
QRVO shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by -1.12%.
The Earnings Per Share has been decreasing by -1.74% on average over the past years.
Looking at the last year, QRVO shows a decrease in Revenue. The Revenue has decreased by -7.22% 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)-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 Y12.53%
EPS Next 2Y10.84%
EPS Next 3Y12.44%
EPS Next 5Y9%
Revenue Next Year1.8%
Revenue Next 2Y2.07%
Revenue Next 3Y3.05%
Revenue Next 5Y3.14%
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
A Price/Earnings ratio of 14.49 indicates a correct valuation of QRVO.
Compared to the rest of the industry, the Price/Earnings ratio of QRVO indicates a rather cheap valuation: QRVO is cheaper than 96.43% of the companies listed in the same industry.
When comparing the Price/Earnings ratio of QRVO to the average of the S&P500 Index (26.76), we can say QRVO is valued slightly cheaper.
The Price/Forward Earnings ratio is 12.59, which indicates a correct valuation of QRVO.
Based on the Price/Forward Earnings ratio, QRVO is valued cheaply inside the industry as 97.32% of the companies are valued more expensively.
The average S&P500 Price/Forward Earnings ratio is at 23.96. QRVO is valued slightly cheaper when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.49 | ||
| Fwd PE | 12.59 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, QRVO is valued cheaper than 88.39% of the companies in the same industry.
Based on the Price/Free Cash Flow ratio, QRVO is valued cheaper than 92.86% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 15.47 | ||
| EV/EBITDA | 12.22 |
4.3 Compensation for Growth
QRVO's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
QRVO has a very decent profitability rating, which may justify a higher PE ratio.
QRVO's earnings are expected to grow with 12.44% in the coming years. This may justify a more expensive valuation.
PEG (NY)1.16
PEG (5Y)N/A
EPS Next 2Y10.84%
EPS Next 3Y12.44%
5. Dividend
5.1 Amount
No dividends for QRVO!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
89.41
-0.23 (-0.26%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSemiconductors & Semiconductor Equipment
GICS IndustrySemiconductors & Semiconductor Equipment
Earnings (Last)
Earnings (Next)
Inst Owners96.08%
Inst Owner Change-4.3%
Ins Owners0.53%
Ins Owner Change6.1%
Market Cap8.26B
Revenue(TTM)3.66B
Net Income(TTM)217.83M
Analysts67.1
Price Target104.3 (16.65%)
Short Float %2.12%
Short Ratio1.15
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)5.22%
PT rev (3m)5.19%
EPS NQ rev (1m)1.24%
EPS NQ rev (3m)4.2%
EPS NY rev (1m)3.58%
EPS NY rev (3m)5.92%
Revenue NQ rev (1m)-0.4%
Revenue NQ rev (3m)1.13%
Revenue NY rev (1m)0.42%
Revenue NY rev (3m)1.11%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.49 | ||
| Fwd PE | 12.59 | ||
| P/S | 2.26 | ||
| P/FCF | 15.47 | ||
| P/OCF | 12.15 | ||
| P/B | 2.35 | ||
| P/tB | 9.22 | ||
| EV/EBITDA | 12.22 |
EPS(TTM)6.17
EY6.9%
EPS(NY)7.1
Fwd EY7.94%
FCF(TTM)5.78
FCFY6.47%
OCF(TTM)7.36
OCFY8.23%
SpS39.64
BVpS37.99
TBVpS9.69
PEG (NY)1.16
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 | 3.08 |
F-Score7
WACC10.11%
ROIC/WACC0.64
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 Y12.53%
EPS Next 2Y10.84%
EPS Next 3Y12.44%
EPS Next 5Y9%
Revenue 1Y (TTM)-7.22%
Revenue growth 3Y-7.15%
Revenue growth 5Y2.8%
Sales Q2Q%1.15%
Revenue Next Year1.8%
Revenue Next 2Y2.07%
Revenue Next 3Y3.05%
Revenue Next 5Y3.14%
EBIT growth 1Y18.37%
EBIT growth 3Y-33.27%
EBIT growth 5Y-4.58%
EBIT Next Year33.81%
EBIT Next 3Y15.84%
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 14.49 and the Price/Book (PB) ratio is 2.35.