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Metrics | Range | Conclusion |
---|---|---|
Selected LTM P/E Multiple | 9.7x - 10.7x | 10.2x |
Selected Fwd P/E Multiple | 9.8x - 10.8x | 10.3x |
Fair Value | $5.89 - $6.51 | $6.20 |
Upside | -17.4% - -8.7% | -13.0% |
Benchmarks | - | Full Ticker |
Advanced Micro Devices, Inc. | - | NasdaqGS:AMD |
Synaptics Incorporated | - | NasdaqGS:SYNA |
Cirrus Logic, Inc. | - | NasdaqGS:CRUS |
Marvell Technology, Inc. | - | NasdaqGS:MRVL |
NVIDIA Corporation | - | NasdaqGS:NVDA |
Himax Technologies, Inc. | - | NasdaqGS:HIMX |
- | - | - |
Select Price / LTM EPS Ratio | ||||||||
Benchmark Companies | ||||||||
AMD | SYNA | CRUS | MRVL | NVDA | HIMX | |||
NasdaqGS:AMD | NasdaqGS:SYNA | NasdaqGS:CRUS | NasdaqGS:MRVL | NasdaqGS:NVDA | NasdaqGS:HIMX | |||
Historical Net Income Growth | ||||||||
5Y CAGR | 36.9% | NM- | 25.0% | NM- | 92.0% | NM- | ||
3Y CAGR | -19.6% | 16.4% | 8.1% | NM- | 95.5% | -43.3% | ||
Latest Twelve Months | 92.2% | 317.7% | 73.3% | 5.2% | 144.9% | 57.6% | ||
Historical Net Income Profit Margin | ||||||||
5 Year Average Margin | 11.3% | 8.0% | 14.4% | -1.3% | 34.6% | 12.5% | ||
Prior Fiscal Year | 3.8% | 5.4% | 9.3% | -16.9% | 48.8% | 5.4% | ||
Latest Fiscal Year | 6.4% | 13.1% | 15.3% | -15.3% | 55.8% | 8.8% | ||
Latest Twelve Months | 6.4% | 16.7% | 16.5% | -15.3% | 55.8% | 8.8% | ||
Current Trading Multiples | ||||||||
EV / LTM EBITDA | 30.5x | 45.0x | 10.7x | 42.8x | 33.2x | 18.6x | ||
Price / LTM Sales | 6.2x | 2.3x | 2.8x | 9.4x | 21.5x | 1.5x | ||
LTM P/E Ratio | 97.5x | 13.6x | 17.2x | -61.4x | 38.4x | 16.8x | ||
Low | Mid | High | ||||||
Benchmark LTM P/E Ratio | -61.4x | 17.2x | 97.5x | |||||
Historical LTM P/E Ratio | 3.2x | 15.3x | 89.8x | |||||
Selected P/E Multiple | 9.7x | 10.2x | 10.7x | |||||
(x) LTM Net Income | 80 | 80 | 80 | |||||
(=) Equity Value | 772 | 813 | 854 | |||||
(/) Shares Outstanding | 174.9 | 174.9 | 174.9 | |||||
Implied Value Range | 4.42 | 4.65 | 4.88 | |||||
FX Rate: USD/USD | 1.0 | 1.0 | 1.0 | Market Price | ||||
Implied Value Range (Trading Cur) | 4.42 | 4.65 | 4.88 | 7.13 | ||||
Upside / (Downside) | -38.1% | -34.8% | -31.5% |
Equity Value | |||||||
Benchmark Companies | |||||||
(in millions) | AMD | SYNA | CRUS | MRVL | NVDA | HIMX | |
Value of Common Equity | 156,215 | 2,201 | 5,077 | 52,789 | 2,723,284 | 1,247 | |
(/) Shares Outstanding | 1,616.3 | 39.2 | 53.1 | 866.1 | 24,400.0 | 174.9 | |
Implied Stock Price | 96.65 | 56.16 | 95.54 | 60.95 | 111.61 | 7.13 | |
FX Conversion Rate to Trading Currency | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | |
Implied Stock Price (Trading Cur) | 96.65 | 56.16 | 95.54 | 60.95 | 111.61 | 7.13 | |
Trading Currency | USD | USD | USD | USD | USD | USD | |
FX Rate to Reporting Currency | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |