SKYWATER TECHNOLOGY INC (SKYT)
US83089J1088 - Common Stock
We assign a fundamental rating of 3 out of 10 to SKYT. SKYT was compared to 107 industry peers in the Semiconductors & Semiconductor Equipment industry. Both the profitability and financial health of SKYT have multiple concerns. SKYT has a correct valuation and a medium growth rate.
1. Profitability
1.1 Basic Checks
In the past year SKYT has reported negative net income.
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
SKYT's Return On Assets of -10.32% is on the low side compared to the rest of the industry. SKYT is outperformed by 73.58% of its industry peers.
SKYT's Return On Equity of -62.74% is on the low side compared to the rest of the industry. SKYT is outperformed by 81.13% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -10.32% | ||
| ROE | -62.74% | ||
| ROIC | N/A |
ROA(3y)-13.96%
ROA(5y)-11.67%
ROE(3y)-71.32%
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
With a Gross Margin value of 18.59%, SKYT is not doing good in the industry: 81.13% of the companies in the same industry are doing better.
In the last couple of years the Gross Margin of SKYT has declined.
The Profit Margin and Operating Margin are not available for SKYT so they could not be analyzed.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | N/A | ||
| PM (TTM) | N/A | ||
| GM | 18.59% |
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y8.55%
GM growth 5Y-2.67%
2. Health
2.1 Basic Checks
SKYT does not have a ROIC to compare to the WACC, probably because it is not profitable.
Compared to 1 year ago, SKYT has more shares outstanding
SKYT has more shares outstanding than it did 5 years ago.
SKYT has a better debt/assets ratio than last year.
2.2 Solvency
Based on the Altman-Z score of 1.07, we must say that SKYT is in the distress zone and has some risk of bankruptcy.
The Altman-Z score of SKYT (1.07) is worse than 74.53% of its industry peers.
The Debt to FCF ratio of SKYT is 9.22, which is on the high side as it means it would take SKYT, 9.22 years of fcf income to pay off all of its debts.
Looking at the Debt to FCF ratio, with a value of 9.22, SKYT is in line with its industry, outperforming 47.17% of the companies in the same industry.
A Debt/Equity ratio of 0.69 indicates that SKYT is somewhat dependend on debt financing.
SKYT has a worse Debt to Equity ratio (0.69) than 79.25% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.69 | ||
| Debt/FCF | 9.22 | ||
| Altman-Z | 1.07 |
ROIC/WACCN/A
WACC12.79%
2.3 Liquidity
SKYT has a Current Ratio of 0.96. This is a bad value and indicates that SKYT is not financially healthy enough and could expect problems in meeting its short term obligations.
SKYT's Current ratio of 0.96 is on the low side compared to the rest of the industry. SKYT is outperformed by 93.40% of its industry peers.
SKYT has a Quick Ratio of 0.96. This is a bad value and indicates that SKYT is not financially healthy enough and could expect problems in meeting its short term obligations.
The Quick ratio of SKYT (0.86) is worse than 87.74% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.96 | ||
| Quick Ratio | 0.86 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 42.86% over the past year.
The Revenue has grown by 30.01% in the past year. This is a very strong growth!
SKYT shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 16.74% yearly.
EPS 1Y (TTM)42.86%
EPS 3YN/A
EPS 5YN/A
EPS growth Q2Q-33.33%
Revenue 1Y (TTM)30.01%
Revenue growth 3Y26.87%
Revenue growth 5Y16.74%
Revenue growth Q2Q20.49%
3.2 Future
SKYT is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 102.75% yearly.
Based on estimates for the next years, SKYT will show a quite strong growth in Revenue. The Revenue will grow by 15.00% on average per year.
EPS Next Y127.56%
EPS Next 2Y102.75%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year17.13%
Revenue Next 2Y15%
Revenue Next 3YN/A
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 stable.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings Ratio is negative for SKYT. In the last year negative earnings were reported.
The Price/Forward Earnings ratio is 14.96, which indicates a correct valuation of SKYT.
Compared to the rest of the industry, the Price/Forward Earnings ratio of SKYT indicates a rather cheap valuation: SKYT is cheaper than 82.08% of the companies listed in the same industry.
When comparing the Price/Forward Earnings ratio of SKYT to the average of the S&P500 Index (20.47), we can say SKYT is valued slightly cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 14.96 |
4.2 Price Multiples
SKYT's Enterprise Value to EBITDA is on the same level as the industry average.
SKYT's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. SKYT is cheaper than 67.92% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 49.84 | ||
| EV/EBITDA | 40.73 |
4.3 Compensation for Growth
SKYT's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
A more expensive valuation may be justified as SKYT's earnings are expected to grow with 102.75% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y102.75%
EPS Next 3YN/A
5. Dividend
5.1 Amount
SKYT does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
SKYWATER TECHNOLOGY INC
NASDAQ:SKYT (5/17/2024, 1:20:50 PM)
8.21
+0.1 (+1.23%)
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 Cap388.66M
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
Avg EPS beat(2)
Min 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(2)
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Revenue beat(8)
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Revenue beat(12)
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Revenue beat(16)
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PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
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Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 14.96 | ||
| 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)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -10.32% | ||
| ROE | -62.74% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | N/A | ||
| PM (TTM) | N/A | ||
| GM | 18.59% | ||
| 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 Turnover0.96
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.69 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 0.96 | ||
| Quick Ratio | 0.86 | ||
| 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)42.86%
EPS 3YN/A
EPS 5Y
EPS growth Q2Q
EPS Next Y127.56%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)30.01%
Revenue growth 3Y26.87%
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
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
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OCF growth 3Y
OCF growth 5Y