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SKYWATER TECHNOLOGY INC (SKYT) Stock Fundamental Analysis

NASDAQ:SKYT - Nasdaq - US83089J1088 - Common Stock

11.76  +0.21 (+1.82%)

Premarket: 12.0982 +0.34 (+2.88%)

Fundamental Rating

3

We assign a fundamental rating of 3 out of 10 to SKYT. SKYT was compared to 109 industry peers in the Semiconductors & Semiconductor Equipment industry. SKYT has a bad profitability rating. Also its financial health evaluation is rather negative. While showing a medium growth rate, SKYT is valued expensive at the moment.


Dividend Valuation Growth Profitability Health

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1

1. Profitability

1.1 Basic Checks

In the past year SKYT has reported negative net income.
In the past year SKYT had a positive cash flow from operations.
In the past 5 years SKYT always reported negative net income.
The reported operating cash flow has been mixed in the past 5 years: SKYT reported negative operating cash flow in multiple years.
SKYT Yearly Net Income VS EBIT VS OCF VS FCFSKYT Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2018 2019 2020 2021 2022 2023 0 50M -50M

1.2 Ratios

SKYT has a worse Return On Assets (-5.22%) than 68.52% of its industry peers.
Looking at the Return On Equity, with a value of -29.27%, SKYT is doing worse than 79.63% of the companies in the same industry.
Industry RankSector Rank
ROA -5.22%
ROE -29.27%
ROIC N/A
ROA(3y)-13.96%
ROA(5y)-11.67%
ROE(3y)-71.32%
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
SKYT Yearly ROA, ROE, ROICSKYT Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2018 2019 2020 2021 2022 2023 0 -20 -40 -60 -80

1.3 Margins

SKYT's Gross Margin of 18.02% is on the low side compared to the rest of the industry. SKYT is outperformed by 80.56% of its industry peers.
SKYT's Gross Margin has declined in the last couple of years.
The Profit Margin and Operating Margin are not available for SKYT so they could not be analyzed.
Industry RankSector Rank
OM N/A
PM (TTM) N/A
GM 18.02%
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y8.55%
GM growth 5Y-2.67%
SKYT Yearly Profit, Operating, Gross MarginsSKYT Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2018 2019 2020 2021 2022 2023 0 10 -10 20 -20 -30

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3

2. Health

2.1 Basic Checks

SKYT does not have a ROIC to compare to the WACC, probably because it is not profitable.
The number of shares outstanding for SKYT has been increased compared to 1 year ago.
Compared to 5 years ago, SKYT has more shares outstanding
Compared to 1 year ago, SKYT has an improved debt to assets ratio.
SKYT Yearly Shares OutstandingSKYT Yearly Shares OutstandingYearly Shares Outstanding 2018 2019 2020 2021 2022 2023 10M 20M 30M 40M
SKYT Yearly Total Debt VS Total AssetsSKYT Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2018 2019 2020 2021 2022 2023 100M 200M 300M

2.2 Solvency

SKYT has an Altman-Z score of 1.72. This is a bad value and indicates that SKYT is not financially healthy and even has some risk of bankruptcy.
Looking at the Altman-Z score, with a value of 1.72, SKYT is doing worse than 69.44% of the companies in the same industry.
The Debt to FCF ratio of SKYT is 2.37, which is a good value as it means it would take SKYT, 2.37 years of fcf income to pay off all of its debts.
SKYT has a Debt to FCF ratio of 2.37. This is in the better half of the industry: SKYT outperforms 73.15% of its industry peers.
SKYT has a Debt/Equity ratio of 0.80. This is a neutral value indicating SKYT is somewhat dependend on debt financing.
SKYT's Debt to Equity ratio of 0.80 is on the low side compared to the rest of the industry. SKYT is outperformed by 83.33% of its industry peers.
Even though the debt/equity ratio score it not favorable for SKYT, it has very limited outstanding debt, so we won't put too much weight on the DE evaluation.
Industry RankSector Rank
Debt/Equity 0.8
Debt/FCF 2.37
Altman-Z 1.72
ROIC/WACCN/A
WACC14.9%
SKYT Yearly LT Debt VS Equity VS FCFSKYT Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2018 2019 2020 2021 2022 2023 0 50M -50M

2.3 Liquidity

A Current Ratio of 0.87 indicates that SKYT may have some problems paying its short term obligations.
Looking at the Current ratio, with a value of 0.87, SKYT is doing worse than 93.52% of the companies in the same industry.
SKYT has a Quick Ratio of 0.87. This is a bad value and indicates that SKYT is not financially healthy enough and could expect problems in meeting its short term obligations.
Looking at the Quick ratio, with a value of 0.78, SKYT is doing worse than 89.81% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 0.87
Quick Ratio 0.78
SKYT Yearly Current Assets VS Current LiabilitesSKYT Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2018 2019 2020 2021 2022 2023 50M 100M

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6

3. Growth

3.1 Past

SKYT shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 100.00%, which is quite impressive.
SKYT shows a strong growth in Revenue. In the last year, the Revenue has grown by 26.90%.
SKYT shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 16.74% yearly.
EPS 1Y (TTM)100%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%300%
Revenue 1Y (TTM)26.9%
Revenue growth 3Y26.87%
Revenue growth 5Y16.74%
Sales Q2Q%30.99%

3.2 Future

SKYT is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 35.13% yearly.
The Revenue is expected to grow by 12.85% on average over the next years. This is quite good.
EPS Next Y81.95%
EPS Next 2Y30.76%
EPS Next 3Y31.76%
EPS Next 5Y35.13%
Revenue Next Year20.8%
Revenue Next 2Y7.87%
Revenue Next 3Y12.61%
Revenue Next 5Y12.85%

3.3 Evolution

The estimated forward Revenue growth is still strong, although it is decreasing when compared to the stronger growth in the past years.
SKYT Yearly Revenue VS EstimatesSKYT Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 100M 200M 300M 400M
SKYT Yearly EPS VS EstimatesSKYT Yearly EPS VS EstimatesYearly EPS VS Estimates 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 0 0.2 -0.2 -0.4 -0.6 -0.8

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3

4. Valuation

4.1 Price/Earnings Ratio

SKYT is expected to report negative earnings next year, which makes the Forward Price/Earnings Ratio negative.
Industry RankSector Rank
PE N/A
Fwd PE N/A
SKYT Price Earnings VS Forward Price EarningsSKYT Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 0 0 0 0 0 0 0 0 0 0

4.2 Price Multiples

Based on the Enterprise Value to EBITDA ratio, SKYT is valued a bit cheaper than 61.11% of the companies in the same industry.
Based on the Price/Free Cash Flow ratio, SKYT is valued cheaply inside the industry as 91.67% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 18.88
EV/EBITDA 33.01
SKYT Per share dataSKYT EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 2 4 6

4.3 Compensation for Growth

A more expensive valuation may be justified as SKYT's earnings are expected to grow with 31.76% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y30.76%
EPS Next 3Y31.76%

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0

5. Dividend

5.1 Amount

SKYT does not give a dividend.
Industry RankSector Rank
Dividend Yield N/A

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SKYWATER TECHNOLOGY INC

NASDAQ:SKYT (1/21/2025, 8:26:54 PM)

Premarket: 12.0982 +0.34 (+2.88%)

11.76

+0.21 (+1.82%)

Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSemiconductors & Semiconductor Equipment
GICS IndustrySemiconductors & Semiconductor Equipment
Earnings (Last)11-07 2024-11-07/amc
Earnings (Next)N/A N/A
Inst Owners24.7%
Inst Owner Change-0.53%
Ins Owners16.49%
Ins Owner Change-2.9%
Market Cap560.48M
Analysts80
Price Target12.55 (6.72%)
Short Float %9.08%
Short Ratio2.09
Dividend
Industry RankSector 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)351.32%
Min EPS beat(2)118.5%
Max EPS beat(2)584.14%
EPS beat(4)3
Avg EPS beat(4)180.43%
Min EPS beat(4)-65.12%
Max EPS beat(4)584.14%
EPS beat(8)6
Avg EPS beat(8)112.51%
EPS beat(12)10
Avg EPS beat(12)80.69%
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)1
Avg Revenue beat(2)3.8%
Min Revenue beat(2)-2.77%
Max Revenue beat(2)10.37%
Revenue beat(4)2
Avg Revenue beat(4)2.22%
Min Revenue beat(4)-2.77%
Max Revenue beat(4)10.37%
Revenue beat(8)6
Avg Revenue beat(8)5.49%
Revenue beat(12)10
Avg Revenue beat(12)6.02%
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)0%
PT rev (3m)11.82%
EPS NQ rev (1m)0%
EPS NQ rev (3m)3.64%
EPS NY rev (1m)0%
EPS NY rev (3m)60.6%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-14.79%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-1.86%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE N/A
P/S 1.62
P/FCF 18.88
P/OCF 10.88
P/B 9.98
P/tB 11.45
EV/EBITDA 33.01
EPS(TTM)0
EYN/A
EPS(NY)-0.08
Fwd EYN/A
FCF(TTM)0.62
FCFY5.3%
OCF(TTM)1.08
OCFY9.19%
SpS7.26
BVpS1.18
TBVpS1.03
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA -5.22%
ROE -29.27%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) N/A
GM 18.02%
FCFM 8.58%
ROA(3y)-13.96%
ROA(5y)-11.67%
ROE(3y)-71.32%
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y8.55%
GM growth 5Y-2.67%
F-Score6
Asset Turnover1.1
Health
Industry RankSector Rank
Debt/Equity 0.8
Debt/FCF 2.37
Debt/EBITDA 2.43
Cap/Depr 106.39%
Cap/Sales 6.31%
Interest Coverage N/A
Cash Conversion 278.79%
Profit Quality N/A
Current Ratio 0.87
Quick Ratio 0.78
Altman-Z 1.72
F-Score6
WACC14.9%
ROIC/WACCN/A
Cap/Depr(3y)71.67%
Cap/Depr(5y)149%
Cap/Sales(3y)10.5%
Cap/Sales(5y)20.41%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)100%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%300%
EPS Next Y81.95%
EPS Next 2Y30.76%
EPS Next 3Y31.76%
EPS Next 5Y35.13%
Revenue 1Y (TTM)26.9%
Revenue growth 3Y26.87%
Revenue growth 5Y16.74%
Sales Q2Q%30.99%
Revenue Next Year20.8%
Revenue Next 2Y7.87%
Revenue Next 3Y12.61%
Revenue Next 5Y12.85%
EBIT growth 1Y72.88%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year29433.3%
EBIT Next 3Y615.64%
EBIT Next 5YN/A
FCF growth 1Y178.95%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y310.29%
OCF growth 3Y-52.85%
OCF growth 5Y-4.35%