QORVO INC (QRVO)
US74736K1016 - Common Stock
QRVO gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 108 industry peers in the Semiconductors & Semiconductor Equipment industry. QRVO has an average financial health and profitability rating. QRVO has a correct valuation and a medium growth rate.
1. Profitability
1.1 Basic Checks
QRVO had positive earnings in the past year.
QRVO had a positive operating cash flow in the past year.
Of the past 5 years QRVO 4 years were profitable.
In the past 5 years QRVO always reported a positive cash flow from operatings.
1.2 Ratios
QRVO's Return On Assets of -2.17% is on the low side compared to the rest of the industry. QRVO is outperformed by 60.19% of its industry peers.
QRVO has a Return On Equity of -4.14%. This is in the lower half of the industry: QRVO underperforms 62.96% of its industry peers.
QRVO has a Return On Invested Capital of 5.61%. This is in the better half of the industry: QRVO outperforms 67.59% of its industry peers.
The Average Return On Invested Capital over the past 3 years for QRVO is below the industry average of 11.24%.
| 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
Looking at the Operating Margin, with a value of 9.30%, QRVO is in the better half of the industry, outperforming 63.89% of the companies in the same industry.
In the last couple of years the Operating Margin of QRVO has grown nicely.
The Gross Margin of QRVO (39.22%) is worse than 61.11% of its industry peers.
QRVO's Gross Margin has been stable in the last couple of years.
| 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
The debt/assets ratio for QRVO has been reduced compared to a year ago.
2.2 Solvency
An Altman-Z score of 2.29 indicates that QRVO is not a great score, but indicates only limited risk for bankruptcy at the moment.
The Altman-Z score of QRVO (2.29) is worse than 62.04% of its industry peers.
QRVO has a debt to FCF ratio of 2.53. This is a good value and a sign of high solvency as QRVO would need 2.53 years to pay back of 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.
A Debt/Equity ratio of 0.45 indicates that QRVO is not too dependend on debt financing.
QRVO has a Debt to Equity ratio of 0.45. This is in the lower half of the industry: QRVO underperforms 71.30% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.45 | ||
| Debt/FCF | 2.53 | ||
| Altman-Z | 2.29 |
ROIC/WACC0.44
WACC12.71%
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 74.07% of the companies in the same industry.
QRVO has a Quick Ratio of 1.38. This is a normal value and indicates that QRVO is financially healthy and should not expect problems in meeting its short term obligations.
Looking at the Quick ratio, with a value of 1.38, QRVO is doing worse than 72.22% of the companies in the same industry.
| 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.
The Earnings Per Share has been growing slightly by 1.48% on average over the past years.
Looking at the last year, QRVO shows a very strong growth in Revenue. The Revenue has grown by 26.11%.
QRVO shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 4.05% yearly.
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
QRVO is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 7.22% yearly.
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 3Y9.39%
EPS Next 5Y7.22%
Revenue Next Year-1.83%
Revenue Next 2Y1.31%
Revenue Next 3Y3.99%
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.
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
QRVO is valuated reasonably with a Price/Earnings ratio of 10.98.
QRVO's Price/Earnings ratio is rather cheap when compared to the industry. QRVO is cheaper than 95.37% of the companies in the same industry.
QRVO is valuated cheaply when we compare the Price/Earnings ratio to 27.83, which is the current average of the S&P500 Index.
A Price/Forward Earnings ratio of 11.37 indicates a reasonable valuation of QRVO.
Compared to the rest of the industry, the Price/Forward Earnings ratio of QRVO indicates a rather cheap valuation: QRVO is cheaper than 96.30% of the companies listed in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 22.65. QRVO is valued slightly cheaper when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 10.98 | ||
| Fwd PE | 11.37 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, QRVO is valued cheaply inside the industry as 87.96% of the companies are valued more expensively.
Based on the Price/Free Cash Flow ratio, QRVO is valued cheaply inside the industry as 100.00% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 8.37 | ||
| EV/EBITDA | 11.13 |
4.3 Compensation for Growth
PEG (NY)N/A
PEG (5Y)7.43
EPS Next 2Y-1.57%
EPS Next 3Y9.39%
5. Dividend
5.1 Amount
QRVO does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
QORVO INC
NASDAQ:QRVO (12/18/2024, 8:00:01 PM)
After market: 68.61 +0.11 (+0.16%)68.5
-2.45 (-3.45%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSemiconductors & Semiconductor Equipment
GICS IndustrySemiconductors & Semiconductor Equipment
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap6.48B
Analysts
Price Target
Short Float %
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Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
Dividend Growth(5Y)
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Surprises & Revisions
EPS beat(2)
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Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 10.98 | ||
| Fwd PE | 11.37 | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)N/A
PEG (5Y)7.43
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -2.17% | ||
| ROE | -4.14% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 9.3% | ||
| PM (TTM) | N/A | ||
| GM | 39.22% | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover0.61
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.45 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 1.9 | ||
| Quick Ratio | 1.38 | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
High Growth Momentum
Growth
EPS 1Y (TTM)66.84%
EPS 3Y-13.91%
EPS 5Y
EPS Q2Q%
EPS Next Y-22.1%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)26.11%
Revenue growth 3Y-2.08%
Revenue growth 5Y
Sales Q2Q%
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y