ALPHA & OMEGA SEMICONDUCTOR (AOSL) Stock Fundamental Analysis
NASDAQ:AOSL - Nasdaq - BMG6331P1041 - Common Stock - Currency: USD
Taking everything into account, AOSL scores 3 out of 10 in our fundamental rating. AOSL was compared to 110 industry peers in the Semiconductors & Semiconductor Equipment industry. The financial health of AOSL is average, but there are quite some concerns on its profitability. While showing a medium growth rate, AOSL is valued expensive at the moment.
1. Profitability
1.1 Basic Checks
AOSL had positive earnings in the past year.
AOSL had a positive operating cash flow in the past year.
In multiple years AOSL reported negative net income over the last 5 years.
In the past 5 years AOSL always reported a positive cash flow from operatings.
1.2 Ratios
The Return On Assets of AOSL (-2.03%) is worse than 61.82% of its industry peers.
AOSL's Return On Equity of -2.56% is on the low side compared to the rest of the industry. AOSL is outperformed by 61.82% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -2.03% | ||
| ROE | -2.56% | ||
| ROIC | N/A |
ROA(3y)11.66%
ROA(5y)8.09%
ROE(3y)17.74%
ROE(5y)13.31%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
AOSL's Gross Margin of 23.66% is on the low side compared to the rest of the industry. AOSL is outperformed by 76.36% of its industry peers.
AOSL's Gross Margin has been stable in the last couple of years.
AOSL does not have Profit Margin and Operating Margin available, so we won't be analyzing them here.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | N/A | ||
| PM (TTM) | N/A | ||
| GM | 23.66% |
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-5.64%
GM growth 5Y0.44%
2. Health
2.1 Basic Checks
AOSL does not have a ROIC to compare to the WACC, probably because it is not profitable.
Compared to 1 year ago, AOSL has more shares outstanding
The number of shares outstanding for AOSL has been increased compared to 5 years ago.
AOSL has a better debt/assets ratio than last year.
2.2 Solvency
AOSL has an Altman-Z score of 3.20. This indicates that AOSL is financially healthy and has little risk of bankruptcy at the moment.
Looking at the Altman-Z score, with a value of 3.20, AOSL is in line with its industry, outperforming 50.91% of the companies in the same industry.
AOSL has a debt to FCF ratio of 3.41. This is a good value and a sign of high solvency as AOSL would need 3.41 years to pay back of all of its debts.
AOSL has a Debt to FCF ratio of 3.41. This is comparable to the rest of the industry: AOSL outperforms 59.09% of its industry peers.
A Debt/Equity ratio of 0.02 indicates that AOSL is not too dependend on debt financing.
AOSL has a Debt to Equity ratio of 0.02. This is in the better half of the industry: AOSL outperforms 63.64% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.02 | ||
| Debt/FCF | 3.41 | ||
| Altman-Z | 3.2 |
ROIC/WACCN/A
WACC11.25%
2.3 Liquidity
A Current Ratio of 2.57 indicates that AOSL has no problem at all paying its short term obligations.
AOSL has a worse Current ratio (2.57) than 60.00% of its industry peers.
A Quick Ratio of 1.36 indicates that AOSL should not have too much problems paying its short term obligations.
AOSL's Quick ratio of 1.36 is on the low side compared to the rest of the industry. AOSL is outperformed by 76.36% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.57 | ||
| Quick Ratio | 1.36 |
3. Growth
3.1 Past
AOSL shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -59.72%.
The earnings per share for AOSL have been decreasing by -12.80% on average. This is quite bad
AOSL shows a small growth in Revenue. In the last year, the Revenue has grown by 3.58%.
Measured over the past years, AOSL shows a small growth in Revenue. The Revenue has been growing by 7.83% on average per year.
EPS 1Y (TTM)-59.72%
EPS 3Y-40.34%
EPS 5Y-12.8%
EPS Q2Q%-150%
Revenue 1Y (TTM)3.58%
Revenue growth 3Y0.02%
Revenue growth 5Y7.83%
Sales Q2Q%9.71%
3.2 Future
The Earnings Per Share is expected to grow by 24.22% on average over the next years. This is a very strong growth
Based on estimates for the next years, AOSL will show a small growth in Revenue. The Revenue will grow by 6.37% on average per year.
EPS Next Y-73.13%
EPS Next 2Y-16.22%
EPS Next 3Y24.22%
EPS Next 5YN/A
Revenue Next Year5.15%
Revenue Next 2Y3.84%
Revenue Next 3Y6.37%
Revenue Next 5YN/A
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
With a Price/Earnings ratio of 71.48, AOSL can be considered very expensive at the moment.
AOSL's Price/Earnings is on the same level as the industry average.
The average S&P500 Price/Earnings ratio is at 25.82. AOSL is valued rather expensively when compared to this.
AOSL is valuated quite expensively with a Price/Forward Earnings ratio of 47.63.
Compared to the rest of the industry, the Price/Forward Earnings ratio of AOSL is on the same level as its industry peers.
The average S&P500 Price/Forward Earnings ratio is at 21.76. AOSL is valued rather expensively when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 71.48 | ||
| Fwd PE | 47.63 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, AOSL is valued a bit cheaper than 78.18% of the companies in the same industry.
AOSL's Price/Free Cash Flow is on the same level as the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 64.59 | ||
| EV/EBITDA | 11.37 |
4.3 Compensation for Growth
AOSL's earnings are expected to grow with 24.22% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-16.22%
EPS Next 3Y24.22%
5. Dividend
5.1 Amount
AOSL does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
20.73
-0.38 (-1.8%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSemiconductors & Semiconductor Equipment
GICS IndustrySemiconductors & Semiconductor Equipment
Earnings (Last)
Earnings (Next)
Inst Owners71.48%
Inst Owner Change10.21%
Ins Owners16.27%
Ins Owner Change0.36%
Market Cap609.67M
Analysts75.56
Price Target32.3 (55.81%)
Short Float %7.71%
Short Ratio3.41
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)25.74%
Min EPS beat(2)10.29%
Max EPS beat(2)41.18%
EPS beat(4)3
Avg EPS beat(4)37.17%
Min EPS beat(4)-6.42%
Max EPS beat(4)103.64%
EPS beat(8)7
Avg EPS beat(8)122.27%
EPS beat(12)8
Avg EPS beat(12)79.34%
EPS beat(16)12
Avg EPS beat(16)63.17%
Revenue beat(2)1
Avg Revenue beat(2)1.25%
Min Revenue beat(2)-0.16%
Max Revenue beat(2)2.65%
Revenue beat(4)1
Avg Revenue beat(4)0.08%
Min Revenue beat(4)-1.18%
Max Revenue beat(4)2.65%
Revenue beat(8)2
Avg Revenue beat(8)-0.41%
Revenue beat(12)3
Avg Revenue beat(12)-0.98%
Revenue beat(16)7
Avg Revenue beat(16)-0.26%
PT rev (1m)-20.17%
PT rev (3m)-16.67%
EPS NQ rev (1m)200.3%
EPS NQ rev (3m)200.3%
EPS NY rev (1m)19.51%
EPS NY rev (3m)19.51%
Revenue NQ rev (1m)2.16%
Revenue NQ rev (3m)2.16%
Revenue NY rev (1m)1.64%
Revenue NY rev (3m)0.93%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 71.48 | ||
| Fwd PE | 47.63 | ||
| P/S | 0.9 | ||
| P/FCF | 64.59 | ||
| P/OCF | 15.39 | ||
| P/B | 0.69 | ||
| P/tB | 0.69 | ||
| EV/EBITDA | 11.37 |
EPS(TTM)0.29
EY1.4%
EPS(NY)0.44
Fwd EY2.1%
FCF(TTM)0.32
FCFY1.55%
OCF(TTM)1.35
OCFY6.5%
SpS23.15
BVpS30.14
TBVpS30.1
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -2.03% | ||
| ROE | -2.56% | ||
| ROCE | N/A | ||
| ROIC | N/A | ||
| ROICexc | N/A | ||
| ROICexgc | N/A | ||
| OM | N/A | ||
| PM (TTM) | N/A | ||
| GM | 23.66% | ||
| FCFM | 1.39% |
ROA(3y)11.66%
ROA(5y)8.09%
ROE(3y)17.74%
ROE(5y)13.31%
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 3Y-5.64%
GM growth 5Y0.44%
F-Score5
Asset Turnover0.61
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.02 | ||
| Debt/FCF | 3.41 | ||
| Debt/EBITDA | 0.46 | ||
| Cap/Depr | 49.58% | ||
| Cap/Sales | 4.43% | ||
| Interest Coverage | N/A | ||
| Cash Conversion | 93.12% | ||
| Profit Quality | N/A | ||
| Current Ratio | 2.57 | ||
| Quick Ratio | 1.36 | ||
| Altman-Z | 3.2 |
F-Score5
WACC11.25%
ROIC/WACCN/A
Cap/Depr(3y)215.41%
Cap/Depr(5y)184.51%
Cap/Sales(3y)13.12%
Cap/Sales(5y)12.77%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-59.72%
EPS 3Y-40.34%
EPS 5Y-12.8%
EPS Q2Q%-150%
EPS Next Y-73.13%
EPS Next 2Y-16.22%
EPS Next 3Y24.22%
EPS Next 5YN/A
Revenue 1Y (TTM)3.58%
Revenue growth 3Y0.02%
Revenue growth 5Y7.83%
Sales Q2Q%9.71%
Revenue Next Year5.15%
Revenue Next 2Y3.84%
Revenue Next 3Y6.37%
Revenue Next 5YN/A
EBIT growth 1Y-5159.94%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year192.82%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y116.59%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-46.76%
OCF growth 3Y-41.54%
OCF growth 5Y-3.92%