SKYWATER TECHNOLOGY INC (SKYT) Stock Fundamental Analysis
NASDAQ:SKYT - Nasdaq - US83089J1088 - Common Stock - Currency: USD
Overall SKYT gets a fundamental rating of 3 out of 10. We evaluated SKYT 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 quite expensive at the moment. It does show a decent growth rate.
1. Profitability
1.1 Basic Checks
In the past year SKYT was profitable.
SKYT had a positive operating cash flow in the past year.
SKYT had negative earnings in each of the past 5 years.
In multiple years SKYT reported negative operating cash flow during the last 5 years.
1.2 Ratios
With a Return On Assets value of -2.57%, SKYT is not doing good in the industry: 65.45% of the companies in the same industry are doing better.
SKYT has a worse Return On Equity (-15.75%) than 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 48.18% of the companies in the same industry.
SKYT's Gross Margin of 21.89% is on the low side compared to the rest of the industry. SKYT is outperformed by 81.82% of its industry peers.
In the last couple of years the Gross Margin of SKYT has grown nicely.
| 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
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), SKYT is destroying value.
SKYT has more shares outstanding than it did 1 year ago.
The number of shares outstanding for SKYT has been increased compared to 5 years ago.
Compared to 1 year ago, SKYT has a worse debt to assets ratio.
2.2 Solvency
SKYT has an Altman-Z score of 1.65. This is a bad value and indicates that SKYT is not financially healthy and even has some risk of bankruptcy.
The Altman-Z score of SKYT (1.65) is worse than 67.27% 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.
The Debt to FCF ratio of SKYT (1.28) is better than 72.73% of its industry peers.
A Debt/Equity ratio of 0.79 indicates that SKYT is somewhat dependend on debt financing.
SKYT's Debt to Equity ratio of 0.79 is on the low side compared to the rest of the industry. SKYT is outperformed by 81.82% of its industry peers.
Although SKYT does not score too well on debt/equity it has very limited outstanding debt, which is well covered by the FCF. We will not put too much weight on the debt/equity number as it may be because of low equity, which could be a consequence of a share buyback program for instance. This needs to be investigated.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.79 | ||
| Debt/FCF | 1.28 | ||
| Altman-Z | 1.65 |
ROIC/WACC0.16
WACC11.76%
2.3 Liquidity
A Current Ratio of 1.18 indicates that SKYT should not have too much problems paying its short term obligations.
SKYT has a Current ratio of 1.18. This is amonst the worse of the industry: SKYT underperforms 89.09% of its industry peers.
A Quick Ratio of 1.07 indicates that SKYT should not have too much problems paying its short term obligations.
The Quick ratio of SKYT (1.07) is worse than 84.55% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.18 | ||
| Quick Ratio | 1.07 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 121.43% over the past year.
SKYT shows a small growth in Revenue. In the last year, the Revenue has grown by 7.90%.
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
SKYT is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 6.50% yearly.
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
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
A Price/Earnings ratio of 175.67 indicates a quite expensive valuation of SKYT.
63.64% of the companies in the same industry are cheaper than SKYT, based on the Price/Earnings ratio.
The average S&P500 Price/Earnings ratio is at 27.50. SKYT is valued rather expensively when compared to this.
The Price/Forward Earnings ratio is 67.10, which means the current valuation is very expensive for SKYT.
60.91% of the companies in the same industry are cheaper than SKYT, based on the Price/Forward Earnings ratio.
The average S&P500 Price/Forward Earnings ratio is at 36.44. SKYT is valued rather expensively when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 175.67 | ||
| Fwd PE | 67.1 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, SKYT is valued a bit cheaper than 65.45% of the companies in the same industry.
Based on the Price/Free Cash Flow ratio, SKYT is valued cheaply inside the industry as 98.18% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 9.38 | ||
| EV/EBITDA | 23.11 |
4.3 Compensation for Growth
SKYT's earnings are expected to grow with 82.92% in the coming years. This may justify a more expensive valuation.
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 |
10.54
-0.09 (-0.85%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSemiconductors & Semiconductor Equipment
GICS IndustrySemiconductors & Semiconductor Equipment
Earnings (Last)
Earnings (Next)
Inst Owners31.12%
Inst Owner Change0%
Ins Owners13.04%
Ins Owner Change-26.57%
Market Cap506.34M
Analysts80
Price Target11.22 (6.45%)
Short Float %14.53%
Short Ratio5.23
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)-12.7%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-213.79%
EPS NY rev (1m)0%
EPS NY rev (3m)-493.75%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-17.18%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-2.02%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 175.67 | ||
| Fwd PE | 67.1 | ||
| P/S | 1.56 | ||
| P/FCF | 9.38 | ||
| P/OCF | 6.46 | ||
| P/B | 9.48 | ||
| P/tB | 11.1 | ||
| EV/EBITDA | 23.11 |
EPS(TTM)0.06
EY0.57%
EPS(NY)0.16
Fwd EY1.49%
FCF(TTM)1.12
FCFY10.66%
OCF(TTM)1.63
OCFY15.47%
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 | 1.65 |
F-Score7
WACC11.76%
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%