ALPHA & OMEGA SEMICONDUCTOR (AOSL) Stock Fundamental Analysis
NASDAQ:AOSL - Nasdaq - BMG6331P1041 - Common Stock - Currency: USD
We assign a fundamental rating of 3 out of 10 to AOSL. 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. AOSL is valied quite expensively at the moment, while it does show a decent growth rate.
1. Profitability
1.1 Basic Checks
In the past year AOSL was profitable.
In the past year AOSL had a positive cash flow from operations.
In multiple years AOSL reported negative net income over the last 5 years.
AOSL had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
AOSL has a worse Return On Assets (-2.03%) than 62.73% of its industry peers.
AOSL has a worse Return On Equity (-2.56%) than 62.73% 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 has a Gross Margin of 23.66%. This is in the lower half of the industry: AOSL underperforms 79.09% of its industry peers.
In the last couple of years the Gross Margin of AOSL has remained more or less at the same level.
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.
AOSL has more shares outstanding than it did 1 year ago.
AOSL has more shares outstanding than it did 5 years ago.
Compared to 1 year ago, AOSL has an improved debt to assets ratio.
2.2 Solvency
An Altman-Z score of 3.35 indicates that AOSL is not in any danger for bankruptcy at the moment.
Looking at the Altman-Z score, with a value of 3.35, AOSL is in line with its industry, outperforming 53.64% of the companies in the same industry.
The Debt to FCF ratio of AOSL is 3.41, which is a good value as it means it would take AOSL, 3.41 years of fcf income to pay off all of its debts.
AOSL has a Debt to FCF ratio (3.41) which is in line with its industry peers.
A Debt/Equity ratio of 0.02 indicates that AOSL is not too dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.02, AOSL is in the better half of the industry, outperforming 63.64% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.02 | ||
| Debt/FCF | 3.41 | ||
| Altman-Z | 3.35 |
ROIC/WACCN/A
WACC9.86%
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 Current ratio of 2.57. This is comparable to the rest of the industry: AOSL outperforms 40.91% 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 has a Quick ratio of 1.36. This is in the lower half of the industry: AOSL underperforms 78.18% 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
Based on estimates for the next years, AOSL will show a very strong growth in Earnings Per Share. The EPS will grow by 24.22% on average per year.
The Revenue is expected to grow by 6.37% on average over the next years.
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
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
With a Price/Earnings ratio of 78.24, AOSL can be considered very expensive at the moment.
The rest of the industry has a similar Price/Earnings ratio as AOSL.
AOSL's Price/Earnings ratio indicates a rather expensive valuation when compared to the S&P500 average which is at 26.31.
Based on the Price/Forward Earnings ratio of 52.14, the valuation of AOSL can be described as expensive.
Based on the Price/Forward Earnings ratio, AOSL is valued a bit more expensive than the industry average as 60.00% of the companies are valued more cheaply.
AOSL's Price/Forward Earnings ratio indicates a rather expensive valuation when compared to the S&P500 average which is at 22.13.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 78.24 | ||
| Fwd PE | 52.14 |
4.2 Price Multiples
AOSL's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. AOSL is cheaper than 79.09% of the companies in the same industry.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of AOSL is on the same level as its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 71.54 | ||
| EV/EBITDA | 12.65 |
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
No dividends for AOSL!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
22.69
-2.11 (-8.51%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSemiconductors & Semiconductor Equipment
GICS IndustrySemiconductors & Semiconductor Equipment
Earnings (Last)
Earnings (Next)
Inst Owners78.17%
Inst Owner Change10.05%
Ins Owners16.5%
Ins Owner Change1.71%
Market Cap675.25M
Analysts75.56
Price Target27.2 (19.88%)
Short Float %7.36%
Short Ratio3.63
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)-15.79%
PT rev (3m)-32.77%
EPS NQ rev (1m)-200%
EPS NQ rev (3m)-400.3%
EPS NY rev (1m)0%
EPS NY rev (3m)19.51%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)2.16%
Revenue NY rev (1m)0%
Revenue NY rev (3m)1.64%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 78.24 | ||
| Fwd PE | 52.14 | ||
| P/S | 0.99 | ||
| P/FCF | 71.54 | ||
| P/OCF | 17.05 | ||
| P/B | 0.76 | ||
| P/tB | 0.76 | ||
| EV/EBITDA | 12.65 |
EPS(TTM)0.29
EY1.28%
EPS(NY)0.44
Fwd EY1.92%
FCF(TTM)0.32
FCFY1.4%
OCF(TTM)1.33
OCFY5.87%
SpS22.88
BVpS29.78
TBVpS29.75
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 | 3.35 |
F-Score5
WACC9.86%
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 Year233.01%
EBIT Next 3Y81.28%
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%