SKYWATER TECHNOLOGY INC (SKYT) Stock Fundamental Analysis
USA - NASDAQ:SKYT - US83089J1088 - Common Stock
15.2 USD
-0.28 (-1.81%)
15.48 USD
+0.28 (+1.84%)
We assign a fundamental rating of 3 out of 10 to SKYT. SKYT was compared to 112 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
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
Looking at the Return On Assets, with a value of -4.93%, SKYT is doing worse than 65.18% of the companies in the same industry.
SKYT has a worse Return On Equity (-36.45%) than 80.36% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -4.93% | ||
| ROE | -36.45% | ||
| ROIC | N/A |
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
SKYT has a Gross Margin of 22.33%. This is amonst the worse of the industry: SKYT underperforms 81.25% of its industry peers.
SKYT's Gross Margin has improved in the last couple of years.
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 | 22.33% |
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
SKYT does not have a ROIC to compare to the WACC, probably because it is not profitable.
The number of shares outstanding for SKYT has been increased compared to 1 year ago.
Compared to 5 years ago, SKYT has more shares outstanding
SKYT has a worse debt/assets ratio than last year.
2.2 Solvency
Based on the Altman-Z score of 1.76, we must say that SKYT is in the distress zone and has some risk of bankruptcy.
With a Altman-Z score value of 1.76, SKYT is not doing good in the industry: 67.86% of the companies in the same industry are doing better.
The Debt to FCF ratio of SKYT is 1.84, which is an excellent value as it means it would take SKYT, only 1.84 years of fcf income to pay off all of its debts.
Looking at the Debt to FCF ratio, with a value of 1.84, SKYT is in the better half of the industry, outperforming 69.64% of the companies in the same industry.
A Debt/Equity ratio of 0.96 indicates that SKYT is somewhat dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.96, SKYT is doing worse than 85.71% of the companies in the same industry.
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 | 0.96 | ||
| Debt/FCF | 1.84 | ||
| Altman-Z | 1.76 |
ROIC/WACCN/A
WACC11.63%
2.3 Liquidity
SKYT has a Current Ratio of 1.06. This is a normal value and indicates that SKYT is financially healthy and should not expect problems in meeting its short term obligations.
With a Current ratio value of 1.06, SKYT is not doing good in the industry: 91.07% of the companies in the same industry are doing better.
SKYT has a Quick Ratio of 1.06. 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 (0.97) is worse than 87.50% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.06 | ||
| Quick Ratio | 0.97 |
3. Growth
3.1 Past
SKYT shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 41.67%, which is quite impressive.
Looking at the last year, SKYT shows a very negative growth in Revenue. The Revenue has decreased by -10.53% 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)41.67%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-650%
Revenue 1Y (TTM)-10.53%
Revenue growth 3Y28.11%
Revenue growth 5Y20.15%
Sales Q2Q%-36.72%
3.2 Future
SKYT is expected to show a very negative growth in Earnings Per Share. In the coming years, the EPS will decrease by -75.72% yearly.
SKYT is expected to show a strong growth in Revenue. In the coming years, the Revenue will grow by 22.18% yearly.
EPS Next Y-886.08%
EPS Next 2Y-185.03%
EPS Next 3Y-75.72%
EPS Next 5YN/A
Revenue Next Year22.44%
Revenue Next 2Y32.8%
Revenue Next 3Y22.18%
Revenue Next 5YN/A
3.3 Evolution
The Revenue growth rate is stable: in the next years the growth will be about the same than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings Ratio is negative for SKYT. In the last year negative earnings were reported.
Besides the negative Price/Earnings Ratio, also the Forward Price/Earnings Ratio is negative for SKYT. No positive earnings are expected for the next year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | N/A |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of SKYT is on the same level as its industry peers.
89.29% 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 | 18.06 | ||
| EV/EBITDA | 48.96 |
4.3 Compensation for Growth
A cheap valuation may be justified as SKYT's earnings are expected to decrease with -75.72% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-185.03%
EPS Next 3Y-75.72%
5. Dividend
5.1 Amount
No dividends for SKYT!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
15.2
-0.28 (-1.81%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSemiconductors & Semiconductor Equipment
GICS IndustrySemiconductors & Semiconductor Equipment
Earnings (Last)
Earnings (Next)
Inst Owners31.55%
Inst Owner Change13.1%
Ins Owners13%
Ins Owner Change-48.65%
Market Cap732.34M
Analysts80
Price Target13.46 (-11.45%)
Short Float %14.23%
Short Ratio3.62
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)39.74%
Min EPS beat(2)38.73%
Max EPS beat(2)40.75%
EPS beat(4)4
Avg EPS beat(4)206.32%
Min EPS beat(4)38.73%
Max EPS beat(4)584.14%
EPS beat(8)7
Avg EPS beat(8)129.79%
EPS beat(12)10
Avg EPS beat(12)99.21%
EPS beat(16)13
Avg EPS beat(16)69.06%
Revenue beat(2)1
Avg Revenue beat(2)-0.39%
Min Revenue beat(2)-1.55%
Max Revenue beat(2)0.77%
Revenue beat(4)1
Avg Revenue beat(4)-0.94%
Min Revenue beat(4)-2.77%
Max Revenue beat(4)0.77%
Revenue beat(8)4
Avg Revenue beat(8)1.72%
Revenue beat(12)8
Avg Revenue beat(12)3.58%
Revenue beat(16)11
Avg Revenue beat(16)3.17%
PT rev (1m)20%
PT rev (3m)20%
EPS NQ rev (1m)0.58%
EPS NQ rev (3m)-715.71%
EPS NY rev (1m)0%
EPS NY rev (3m)-386.74%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)65.27%
Revenue NY rev (1m)0%
Revenue NY rev (3m)37.93%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | N/A | ||
| P/S | 2.53 | ||
| P/FCF | 18.06 | ||
| P/OCF | 10.88 | ||
| P/B | 16.19 | ||
| P/tB | 19.9 | ||
| EV/EBITDA | 48.96 |
EPS(TTM)-0.07
EYN/A
EPS(NY)-0.37
Fwd EYN/A
FCF(TTM)0.84
FCFY5.54%
OCF(TTM)1.4
OCFY9.19%
SpS6.01
BVpS0.94
TBVpS0.76
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -4.93% | ||
| ROE | -36.45% | ||
| ROCE | N/A | ||
| ROIC | N/A | ||
| ROICexc | N/A | ||
| ROICexgc | N/A | ||
| OM | N/A | ||
| PM (TTM) | N/A | ||
| GM | 22.33% | ||
| FCFM | 14% |
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-Score6
Asset Turnover0.87
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.96 | ||
| Debt/FCF | 1.84 | ||
| Debt/EBITDA | 2.82 | ||
| Cap/Depr | 143.98% | ||
| Cap/Sales | 9.25% | ||
| Interest Coverage | N/A | ||
| Cash Conversion | 435.25% | ||
| Profit Quality | N/A | ||
| Current Ratio | 1.06 | ||
| Quick Ratio | 0.97 | ||
| Altman-Z | 1.76 |
F-Score6
WACC11.63%
ROIC/WACCN/A
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)41.67%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-650%
EPS Next Y-886.08%
EPS Next 2Y-185.03%
EPS Next 3Y-75.72%
EPS Next 5YN/A
Revenue 1Y (TTM)-10.53%
Revenue growth 3Y28.11%
Revenue growth 5Y20.15%
Sales Q2Q%-36.72%
Revenue Next Year22.44%
Revenue Next 2Y32.8%
Revenue Next 3Y22.18%
Revenue Next 5YN/A
EBIT growth 1Y71.34%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year126%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y222.13%
FCF growth 3YN/A
FCF growth 5Y29.86%
OCF growth 1Y465.97%
OCF growth 3YN/A
OCF growth 5Y11.07%