ALPHA & OMEGA SEMICONDUCTOR (AOSL)
BMG6331P1041 - Common Stock
We assign a fundamental rating of 3 out of 10 to AOSL. AOSL was compared to 107 industry peers in the Semiconductors & Semiconductor Equipment industry. Both the profitability and financial health of AOSL have multiple concerns. AOSL does not seem to be growing, but still is valued expensively.
1. Profitability
1.1 Basic Checks
In the past year AOSL was profitable.
In the past year AOSL has reported a negative cash flow from operations.
AOSL had positive earnings in 4 of the past 5 years.
AOSL had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
AOSL's Return On Assets of -1.46% is in line compared to the rest of the industry. AOSL outperforms 44.34% of its industry peers.
AOSL has a Return On Equity of -1.91%. This is comparable to the rest of the industry: AOSL outperforms 45.28% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -1.46% | ||
| ROE | -1.91% | ||
| ROIC | N/A |
ROA(3y)14.09%
ROA(5y)8.34%
ROE(3y)23.34%
ROE(5y)13.69%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
AOSL's Profit Margin has declined in the last couple of years.
AOSL's Operating Margin has improved in the last couple of years.
Looking at the Gross Margin, with a value of 26.61%, AOSL is doing worse than 73.58% of the companies in the same industry.
In the last couple of years the Gross Margin of AOSL has grown nicely.
The Profit Margin and Operating Margin are not available for AOSL so they could not be analyzed.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | N/A | ||
| PM (TTM) | N/A | ||
| GM | 26.61% |
OM growth 3YN/A
OM growth 5Y10.31%
PM growth 3YN/A
PM growth 5Y-11.96%
GM growth 3Y9.32%
GM growth 5Y1.69%
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
AOSL has more shares outstanding than it did 5 years ago.
AOSL has a better debt/assets ratio than last year.
2.2 Solvency
AOSL has an Altman-Z score of 2.85. This is not the best score and indicates that AOSL is in the grey zone with still only limited risk for bankruptcy at the moment.
AOSL has a Altman-Z score of 2.85. This is comparable to the rest of the industry: AOSL outperforms 43.40% of its industry peers.
A Debt/Equity ratio of 0.04 indicates that AOSL is not too dependend on debt financing.
With a decent Debt to Equity ratio value of 0.04, AOSL is doing good in the industry, outperforming 64.15% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.04 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 2.85 |
ROIC/WACCN/A
WACC11.53%
2.3 Liquidity
AOSL has a Current Ratio of 2.52. This indicates that AOSL is financially healthy and has no problem in meeting its short term obligations.
AOSL has a worse Current ratio (2.52) than 60.38% of its industry peers.
A Quick Ratio of 1.33 indicates that AOSL should not have too much problems paying its short term obligations.
AOSL's Quick ratio of 1.33 is on the low side compared to the rest of the industry. AOSL is outperformed by 71.70% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.52 | ||
| Quick Ratio | 1.33 |
3. Growth
3.1 Past
The earnings per share for AOSL have decreased strongly by -86.78% in the last year.
AOSL shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 10.36% yearly.
AOSL shows a very negative growth in Revenue. In the last year, the Revenue has decreased by -19.45%.
AOSL shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 10.40% yearly.
EPS 1Y (TTM)-86.78%
EPS 3Y27.62%
EPS 5Y10.36%
EPS growth Q2Q-64.18%
Revenue 1Y (TTM)-19.45%
Revenue growth 3Y14.14%
Revenue growth 5Y10.4%
Revenue growth Q2Q-12.45%
3.2 Future
AOSL is expected to show a very negative growth in Earnings Per Share. In the coming years, the EPS will decrease by -33.17% yearly.
Based on estimates for the next years, AOSL will show a small growth in Revenue. The Revenue will grow by 0.58% on average per year.
EPS Next Y-76.66%
EPS Next 2Y-33.17%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year-4.51%
Revenue Next 2Y0.58%
Revenue Next 3YN/A
Revenue Next 5YN/A
3.3 Evolution
The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
AOSL is valuated quite expensively with a Price/Earnings ratio of 39.11.
AOSL's Price/Earnings is on the same level as the industry average.
The average S&P500 Price/Earnings ratio is at 25.20. AOSL is valued rather expensively when compared to this.
AOSL is valuated quite expensively with a Price/Forward Earnings ratio of 26.03.
68.87% of the companies in the same industry are more expensive than AOSL, based on the Price/Forward Earnings ratio.
AOSL is valuated rather expensively when we compare the Price/Forward Earnings ratio to 21.63, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 39.11 | ||
| Fwd PE | 26.03 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, AOSL is valued cheaply inside the industry as 87.74% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 10.74 |
4.3 Compensation for Growth
A cheap valuation may be justified as AOSL's earnings are expected to decrease with -33.17% in the coming years.
PEG (NY)N/A
PEG (5Y)3.77
EPS Next 2Y-33.17%
EPS Next 3YN/A
5. Dividend
5.1 Amount
AOSL does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
ALPHA & OMEGA SEMICONDUCTOR
NASDAQ:AOSL (4/25/2024, 7:00:00 PM)
After market: 21.51 0 (0%)21.51
+0.3 (+1.41%)
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 Cap608.30M
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
Dividend Growth(5Y)
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Div Incr Years
Div Non Decr Years
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Surprises & Revisions
EPS beat(2)
Avg EPS beat(2)
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EPS beat(8)
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EPS beat(12)
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EPS beat(16)
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Revenue beat(12)
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EPS NQ rev (1m)
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Revenue NQ rev (1m)
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Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 39.11 | ||
| Fwd PE | 26.03 | ||
| 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)3.77
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -1.46% | ||
| ROE | -1.91% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | N/A | ||
| PM (TTM) | N/A | ||
| GM | 26.61% | ||
| 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 Turnover0.54
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.04 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 2.52 | ||
| Quick Ratio | 1.33 | ||
| 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)
Growth
EPS 1Y (TTM)-86.78%
EPS 3Y27.62%
EPS 5Y
EPS growth Q2Q
EPS Next Y-76.66%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)-19.45%
Revenue growth 3Y14.14%
Revenue growth 5Y
Revenue growth 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
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