LATTICE SEMICONDUCTOR CORP (LSCC) Stock Fundamental Analysis
NASDAQ:LSCC - Nasdaq - US5184151042 - Common Stock - Currency: USD
Overall LSCC gets a fundamental rating of 6 out of 10. We evaluated LSCC against 110 industry peers in the Semiconductors & Semiconductor Equipment industry. LSCC gets an excellent profitability rating and is at the same time showing great financial health properties. While showing a medium growth rate, LSCC is valued expensive at the moment. This makes LSCC very considerable for quality investing!
1. Profitability
1.1 Basic Checks
LSCC had positive earnings in the past year.
LSCC had a positive operating cash flow in the past year.
LSCC had positive earnings in each of the past 5 years.
Each year in the past 5 years LSCC had a positive operating cash flow.
1.2 Ratios
The Return On Assets of LSCC (6.24%) is better than 70.00% of its industry peers.
LSCC has a better Return On Equity (7.25%) than 61.82% of its industry peers.
The Return On Invested Capital of LSCC (5.26%) is better than 64.55% of its industry peers.
LSCC had an Average Return On Invested Capital over the past 3 years of 17.21%. This is significantly above the industry average of 10.57%.
The 3 year average ROIC (17.21%) for LSCC is well above the current ROIC(5.26%). The reason for the recent decline needs to be investigated.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.24% | ||
| ROE | 7.25% | ||
| ROIC | 5.26% |
ROA(3y)20.15%
ROA(5y)16.12%
ROE(3y)27.58%
ROE(5y)23.68%
ROIC(3y)17.21%
ROIC(5y)14.43%
1.3 Margins
LSCC's Profit Margin of 10.51% is fine compared to the rest of the industry. LSCC outperforms 68.18% of its industry peers.
In the last couple of years the Profit Margin of LSCC has grown nicely.
With a decent Operating Margin value of 10.15%, LSCC is doing good in the industry, outperforming 62.73% of the companies in the same industry.
LSCC's Operating Margin has declined in the last couple of years.
Looking at the Gross Margin, with a value of 66.69%, LSCC belongs to the top of the industry, outperforming 90.91% of the companies in the same industry.
LSCC's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 10.15% | ||
| PM (TTM) | 10.51% | ||
| GM | 66.69% |
OM growth 3Y-15.82%
OM growth 5Y-5.45%
PM growth 3Y-13.61%
PM growth 5Y2.2%
GM growth 3Y2.29%
GM growth 5Y2.52%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), LSCC is creating some value.
The number of shares outstanding for LSCC has been increased compared to 1 year ago.
The number of shares outstanding for LSCC has been increased compared to 5 years ago.
There is no outstanding debt for LSCC. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
2.2 Solvency
LSCC has an Altman-Z score of 37.88. This indicates that LSCC is financially healthy and has little risk of bankruptcy at the moment.
LSCC has a Altman-Z score of 37.88. This is amongst the best in the industry. LSCC outperforms 94.55% of its industry peers.
There is no outstanding debt for LSCC. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | 0 | ||
| Altman-Z | 37.88 |
ROIC/WACC0.52
WACC10.09%
2.3 Liquidity
A Current Ratio of 4.31 indicates that LSCC has no problem at all paying its short term obligations.
LSCC has a better Current ratio (4.31) than 62.73% of its industry peers.
A Quick Ratio of 3.10 indicates that LSCC has no problem at all paying its short term obligations.
With a decent Quick ratio value of 3.10, LSCC is doing good in the industry, outperforming 62.73% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 4.31 | ||
| Quick Ratio | 3.1 |
3. Growth
3.1 Past
The earnings per share for LSCC have decreased strongly by -50.84% in the last year.
The Earnings Per Share has been growing by 9.63% on average over the past years. This is quite good.
The Revenue for LSCC has decreased by -29.55% in the past year. This is quite bad
The Revenue has been growing slightly by 4.74% on average over the past years.
EPS 1Y (TTM)-50.84%
EPS 3Y-3.89%
EPS 5Y9.63%
EPS Q2Q%-24.14%
Revenue 1Y (TTM)-29.55%
Revenue growth 3Y-0.38%
Revenue growth 5Y4.74%
Sales Q2Q%-14.68%
3.2 Future
Based on estimates for the next years, LSCC will show a very strong growth in Earnings Per Share. The EPS will grow by 24.01% on average per year.
The Revenue is expected to grow by 10.03% on average over the next years. This is quite good.
EPS Next Y12.75%
EPS Next 2Y24.76%
EPS Next 3Y24.01%
EPS Next 5YN/A
Revenue Next Year1.44%
Revenue Next 2Y9.61%
Revenue Next 3Y10.03%
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 accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 57.94, LSCC can be considered very expensive at the moment.
Compared to the rest of the industry, the Price/Earnings ratio of LSCC is on the same level as its industry peers.
LSCC's Price/Earnings ratio indicates a rather expensive valuation when compared to the S&P500 average which is at 26.34.
The Price/Forward Earnings ratio is 34.48, which means the current valuation is very expensive for LSCC.
Compared to the rest of the industry, the Price/Forward Earnings ratio of LSCC is on the same level as its industry peers.
When comparing the Price/Forward Earnings ratio of LSCC to the average of the S&P500 Index (22.19), we can say LSCC is valued expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 57.94 | ||
| Fwd PE | 34.48 |
4.2 Price Multiples
LSCC's Enterprise Value to EBITDA ratio is in line with the industry average.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of LSCC is on the same level as its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 59.89 | ||
| EV/EBITDA | 71.95 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
The excellent profitability rating of LSCC may justify a higher PE ratio.
A more expensive valuation may be justified as LSCC's earnings are expected to grow with 24.01% in the coming years.
PEG (NY)4.55
PEG (5Y)6.02
EPS Next 2Y24.76%
EPS Next 3Y24.01%
5. Dividend
5.1 Amount
No dividends for LSCC!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
50.99
+2.11 (+4.32%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSemiconductors & Semiconductor Equipment
GICS IndustrySemiconductors & Semiconductor Equipment
Earnings (Last)
Earnings (Next)
Inst Owners119.69%
Inst Owner Change-0.64%
Ins Owners0.62%
Ins Owner Change10.44%
Market Cap7.01B
Analysts80
Price Target64.04 (25.59%)
Short Float %7.76%
Short Ratio3.35
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)0
Avg EPS beat(2)-1.87%
Min EPS beat(2)-2.2%
Max EPS beat(2)-1.53%
EPS beat(4)0
Avg EPS beat(4)-2.57%
Min EPS beat(4)-6.37%
Max EPS beat(4)-0.19%
EPS beat(8)2
Avg EPS beat(8)-1.24%
EPS beat(12)5
Avg EPS beat(12)0.11%
EPS beat(16)9
Avg EPS beat(16)2.88%
Revenue beat(2)0
Avg Revenue beat(2)-1.81%
Min Revenue beat(2)-1.94%
Max Revenue beat(2)-1.68%
Revenue beat(4)0
Avg Revenue beat(4)-3.04%
Min Revenue beat(4)-6.56%
Max Revenue beat(4)-1.68%
Revenue beat(8)0
Avg Revenue beat(8)-2.7%
Revenue beat(12)3
Avg Revenue beat(12)-1.74%
Revenue beat(16)7
Avg Revenue beat(16)-0.8%
PT rev (1m)-2.15%
PT rev (3m)-8.84%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0.33%
EPS NY rev (1m)0%
EPS NY rev (3m)-3.08%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-0.05%
Revenue NY rev (1m)0.02%
Revenue NY rev (3m)-1.11%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 57.94 | ||
| Fwd PE | 34.48 | ||
| P/S | 14.35 | ||
| P/FCF | 59.89 | ||
| P/OCF | 48.94 | ||
| P/B | 9.9 | ||
| P/tB | 18.1 | ||
| EV/EBITDA | 71.95 |
EPS(TTM)0.88
EY1.73%
EPS(NY)1.48
Fwd EY2.9%
FCF(TTM)0.85
FCFY1.67%
OCF(TTM)1.04
OCFY2.04%
SpS3.55
BVpS5.15
TBVpS2.82
PEG (NY)4.55
PEG (5Y)6.02
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.24% | ||
| ROE | 7.25% | ||
| ROCE | 6.66% | ||
| ROIC | 5.26% | ||
| ROICexc | 6.35% | ||
| ROICexgc | 13.19% | ||
| OM | 10.15% | ||
| PM (TTM) | 10.51% | ||
| GM | 66.69% | ||
| FCFM | 23.96% |
ROA(3y)20.15%
ROA(5y)16.12%
ROE(3y)27.58%
ROE(5y)23.68%
ROIC(3y)17.21%
ROIC(5y)14.43%
ROICexc(3y)21.34%
ROICexc(5y)18.26%
ROICexgc(3y)52.88%
ROICexgc(5y)49.22%
ROCE(3y)21.78%
ROCE(5y)18.26%
ROICexcg growth 3Y-33.52%
ROICexcg growth 5Y-16.93%
ROICexc growth 3Y-22.03%
ROICexc growth 5Y-9.19%
OM growth 3Y-15.82%
OM growth 5Y-5.45%
PM growth 3Y-13.61%
PM growth 5Y2.2%
GM growth 3Y2.29%
GM growth 5Y2.52%
F-Score6
Asset Turnover0.59
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | 0 | ||
| Debt/EBITDA | 0 | ||
| Cap/Depr | 56.83% | ||
| Cap/Sales | 5.36% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 149.73% | ||
| Profit Quality | 227.98% | ||
| Current Ratio | 4.31 | ||
| Quick Ratio | 3.1 | ||
| Altman-Z | 37.88 |
F-Score6
WACC10.09%
ROIC/WACC0.52
Cap/Depr(3y)57.89%
Cap/Depr(5y)52.41%
Cap/Sales(3y)3.46%
Cap/Sales(5y)3.05%
Profit Quality(3y)137.63%
Profit Quality(5y)149.09%
High Growth Momentum
Growth
EPS 1Y (TTM)-50.84%
EPS 3Y-3.89%
EPS 5Y9.63%
EPS Q2Q%-24.14%
EPS Next Y12.75%
EPS Next 2Y24.76%
EPS Next 3Y24.01%
EPS Next 5YN/A
Revenue 1Y (TTM)-29.55%
Revenue growth 3Y-0.38%
Revenue growth 5Y4.74%
Sales Q2Q%-14.68%
Revenue Next Year1.44%
Revenue Next 2Y9.61%
Revenue Next 3Y10.03%
Revenue Next 5YN/A
EBIT growth 1Y-71.37%
EBIT growth 3Y-16.14%
EBIT growth 5Y-0.97%
EBIT Next Year40.41%
EBIT Next 3Y32.17%
EBIT Next 5YN/A
FCF growth 1Y-45.08%
FCF growth 3Y-8.77%
FCF growth 5Y2.02%
OCF growth 1Y-40.43%
OCF growth 3Y-5.64%
OCF growth 5Y2.57%