SKYWATER TECHNOLOGY INC (SKYT) Stock Fundamental Analysis
NASDAQ:SKYT - Nasdaq - US83089J1088 - Common Stock - Currency: USD
SKYT gets a fundamental rating of 3 out of 10. The analysis compared the fundamentals against 110 industry peers in the Semiconductors & Semiconductor Equipment industry. SKYT has a bad profitability rating. Also its financial health evaluation is rather negative. SKYT is valied quite expensively at the moment, while it does show a decent growth rate.
1. Profitability
1.1 Basic Checks
SKYT had positive earnings in the past year.
SKYT had a positive operating cash flow in the past year.
SKYT had negative earnings in each of the past 5 years.
The reported operating cash flow has been mixed in the past 5 years: SKYT reported negative operating cash flow in multiple years.
1.2 Ratios
SKYT has a worse Return On Assets (-2.57%) than 62.73% of its industry peers.
SKYT has a Return On Equity of -15.75%. This is in the lower half of the industry: SKYT underperforms 71.82% of its industry peers.
SKYT has a Return On Invested Capital (1.88%) which is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -2.57% | ||
| ROE | -15.75% | ||
| ROIC | 1.88% |
ROA(3y)-8.27%
ROA(5y)-10.38%
ROE(3y)-47.59%
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
Looking at the Operating Margin, with a value of 1.46%, SKYT is in line with its industry, outperforming 49.09% of the companies in the same industry.
With a Gross Margin value of 21.89%, SKYT is not doing good in the industry: 80.00% of the companies in the same industry are doing better.
SKYT's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 1.46% | ||
| PM (TTM) | N/A | ||
| GM | 21.89% |
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y76.73%
GM growth 5Y1.91%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so SKYT is destroying value.
Compared to 1 year ago, SKYT has more shares outstanding
SKYT has more shares outstanding than it did 5 years ago.
SKYT has a worse debt/assets ratio than last year.
2.2 Solvency
SKYT has an Altman-Z score of 1.48. This is a bad value and indicates that SKYT is not financially healthy and even has some risk of bankruptcy.
SKYT has a Altman-Z score of 1.48. This is in the lower half of the industry: SKYT underperforms 69.09% of its industry peers.
SKYT has a debt to FCF ratio of 1.28. This is a very positive value and a sign of high solvency as it would only need 1.28 years to pay back of all of its debts.
SKYT has a better Debt to FCF ratio (1.28) than 73.64% of its industry peers.
SKYT has a Debt/Equity ratio of 0.79. This is a neutral value indicating SKYT is somewhat dependend on debt financing.
The Debt to Equity ratio of SKYT (0.79) is worse than 81.82% of its industry peers.
Even though the debt/equity ratio score it not favorable for SKYT, it has very limited outstanding debt, so we won't put too much weight on the DE evaluation.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.79 | ||
| Debt/FCF | 1.28 | ||
| Altman-Z | 1.48 |
ROIC/WACC0.16
WACC11.59%
2.3 Liquidity
A Current Ratio of 1.18 indicates that SKYT should not have too much problems paying its short term obligations.
The Current ratio of SKYT (1.18) is worse than 88.18% of its industry peers.
SKYT has a Quick Ratio of 1.07. This is a normal value and indicates that SKYT is financially healthy and should not expect problems in meeting its short term obligations.
SKYT has a worse Quick ratio (1.07) than 83.64% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.18 | ||
| Quick Ratio | 1.07 |
3. Growth
3.1 Past
SKYT shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 121.43%, which is quite impressive.
Looking at the last year, SKYT shows a small growth in Revenue. The Revenue has grown by 7.90% in the last year.
The Revenue has been growing by 20.15% on average over the past years. This is a very strong growth!
EPS 1Y (TTM)121.43%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%0%
Revenue 1Y (TTM)7.9%
Revenue growth 3Y28.11%
Revenue growth 5Y20.15%
Sales Q2Q%-23.03%
3.2 Future
The Earnings Per Share is expected to grow by 82.92% on average over the next years. This is a very strong growth
Based on estimates for the next years, SKYT will show a small growth in Revenue. The Revenue will grow by 6.50% on average per year.
EPS Next Y-261.5%
EPS Next 2Y61.8%
EPS Next 3Y82.92%
EPS Next 5YN/A
Revenue Next Year-11.23%
Revenue Next 2Y4.07%
Revenue Next 3Y6.5%
Revenue Next 5YN/A
3.3 Evolution
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 150.00, SKYT can be considered very expensive at the moment.
SKYT's Price/Earnings ratio is a bit more expensive when compared to the industry. SKYT is more expensive than 60.91% of the companies in the same industry.
SKYT is valuated expensively when we compare the Price/Earnings ratio to 25.82, which is the current average of the S&P500 Index.
A Price/Forward Earnings ratio of 57.30 indicates a quite expensive valuation of SKYT.
SKYT's Price/Forward Earnings ratio is a bit more expensive when compared to the industry. SKYT is more expensive than 64.55% of the companies in the same industry.
When comparing the Price/Forward Earnings ratio of SKYT to the average of the S&P500 Index (21.76), we can say SKYT is valued expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 150 | ||
| Fwd PE | 57.3 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of SKYT indicates a somewhat cheap valuation: SKYT is cheaper than 63.64% of the companies listed in the same industry.
97.27% of the companies in the same industry are more expensive than SKYT, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 8.01 | ||
| EV/EBITDA | 19.69 |
4.3 Compensation for Growth
A more expensive valuation may be justified as SKYT's earnings are expected to grow with 82.92% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y61.8%
EPS Next 3Y82.92%
5. Dividend
5.1 Amount
SKYT does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
9
-0.12 (-1.32%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSemiconductors & Semiconductor Equipment
GICS IndustrySemiconductors & Semiconductor Equipment
Earnings (Last)
Earnings (Next)
Inst Owners28.46%
Inst Owner Change11.15%
Ins Owners16.11%
Ins Owner Change-9.38%
Market Cap432.36M
Analysts80
Price Target12.85 (42.78%)
Short Float %12.26%
Short Ratio5.22
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)100.19%
Min EPS beat(2)38.73%
Max EPS beat(2)161.66%
EPS beat(4)4
Avg EPS beat(4)225.76%
Min EPS beat(4)38.73%
Max EPS beat(4)584.14%
EPS beat(8)6
Avg EPS beat(8)121.6%
EPS beat(12)10
Avg EPS beat(12)95.91%
EPS beat(16)12
Avg EPS beat(16)59.14%
Revenue beat(2)0
Avg Revenue beat(2)-0.89%
Min Revenue beat(2)-1.55%
Max Revenue beat(2)-0.23%
Revenue beat(4)1
Avg Revenue beat(4)1.46%
Min Revenue beat(4)-2.77%
Max Revenue beat(4)10.37%
Revenue beat(8)4
Avg Revenue beat(8)2.53%
Revenue beat(12)8
Avg Revenue beat(12)3.89%
Revenue beat(16)10
Avg Revenue beat(16)2.43%
PT rev (1m)0%
PT rev (3m)2.44%
EPS NQ rev (1m)-213.79%
EPS NQ rev (3m)-435.29%
EPS NY rev (1m)-493.75%
EPS NY rev (3m)-28.38%
Revenue NQ rev (1m)-17.18%
Revenue NQ rev (3m)-18.57%
Revenue NY rev (1m)-2.02%
Revenue NY rev (3m)-7.84%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 150 | ||
| Fwd PE | 57.3 | ||
| P/S | 1.33 | ||
| P/FCF | 8.01 | ||
| P/OCF | 5.52 | ||
| P/B | 8.1 | ||
| P/tB | 9.48 | ||
| EV/EBITDA | 19.69 |
EPS(TTM)0.06
EY0.67%
EPS(NY)0.16
Fwd EY1.75%
FCF(TTM)1.12
FCFY12.48%
OCF(TTM)1.63
OCFY18.12%
SpS6.74
BVpS1.11
TBVpS0.95
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -2.57% | ||
| ROE | -15.75% | ||
| ROCE | 2.38% | ||
| ROIC | 1.88% | ||
| ROICexc | 2.53% | ||
| ROICexgc | 2.67% | ||
| OM | 1.46% | ||
| PM (TTM) | N/A | ||
| GM | 21.89% | ||
| FCFM | 16.66% |
ROA(3y)-8.27%
ROA(5y)-10.38%
ROE(3y)-47.59%
ROE(5y)N/A
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 3Y76.73%
GM growth 5Y1.91%
F-Score7
Asset Turnover0.99
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.79 | ||
| Debt/FCF | 1.28 | ||
| Debt/EBITDA | 1.84 | ||
| Cap/Depr | 134.41% | ||
| Cap/Sales | 7.52% | ||
| Interest Coverage | 0.76 | ||
| Cash Conversion | 342.54% | ||
| Profit Quality | N/A | ||
| Current Ratio | 1.18 | ||
| Quick Ratio | 1.07 | ||
| Altman-Z | 1.48 |
F-Score7
WACC11.59%
ROIC/WACC0.16
Cap/Depr(3y)52.8%
Cap/Depr(5y)150.28%
Cap/Sales(3y)5.05%
Cap/Sales(5y)19.76%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)121.43%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%0%
EPS Next Y-261.5%
EPS Next 2Y61.8%
EPS Next 3Y82.92%
EPS Next 5YN/A
Revenue 1Y (TTM)7.9%
Revenue growth 3Y28.11%
Revenue growth 5Y20.15%
Sales Q2Q%-23.03%
Revenue Next Year-11.23%
Revenue Next 2Y4.07%
Revenue Next 3Y6.5%
Revenue Next 5YN/A
EBIT growth 1Y129.83%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year126%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y277.56%
FCF growth 3YN/A
FCF growth 5Y29.86%
OCF growth 1Y636.66%
OCF growth 3YN/A
OCF growth 5Y11.07%