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SKYWATER TECHNOLOGY INC (SKYT) Stock Fundamental Analysis

NASDAQ:SKYT - Nasdaq - US83089J1088 - Common Stock - Currency: USD

7.54  +0.26 (+3.57%)

After market: 7.65 +0.11 (+1.46%)

Fundamental Rating

3

We assign a fundamental rating of 3 out of 10 to SKYT. SKYT was compared to 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 valued quite expensively, but it does show have an excellent growth rating.


Dividend Valuation Growth Profitability Health

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2

1. Profitability

1.1 Basic Checks

SKYT had positive earnings in the past year.
In the past year SKYT had a positive cash flow from operations.
In the past 5 years SKYT always reported negative net income.
The reported operating cash flow has been mixed in the past 5 years: SKYT reported negative operating cash flow in multiple years.
SKYT Yearly Net Income VS EBIT VS OCF VS FCFSKYT Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2018 2019 2020 2021 2022 2023 2024 0 50M -50M

1.2 Ratios

SKYT's Return On Assets of -2.16% is on the low side compared to the rest of the industry. SKYT is outperformed by 60.91% of its industry peers.
SKYT has a Return On Equity of -11.79%. This is in the lower half of the industry: SKYT underperforms 70.91% of its industry peers.
Looking at the Return On Invested Capital, with a value of 3.25%, SKYT is in line with its industry, outperforming 53.64% of the companies in the same industry.
Industry RankSector Rank
ROA -2.16%
ROE -11.79%
ROIC 3.25%
ROA(3y)-8.27%
ROA(5y)-10.38%
ROE(3y)-47.59%
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
SKYT Yearly ROA, ROE, ROICSKYT Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2018 2019 2020 2021 2022 2023 2024 0 -20 -40 -60 -80

1.3 Margins

With a Operating Margin value of 1.92%, SKYT perfoms like the industry average, outperforming 48.18% of the companies in the same industry.
SKYT's Gross Margin of 20.34% is on the low side compared to the rest of the industry. SKYT is outperformed by 79.09% of its industry peers.
SKYT's Gross Margin has improved in the last couple of years.
Industry RankSector Rank
OM 1.92%
PM (TTM) N/A
GM 20.34%
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y76.73%
GM growth 5Y1.91%
SKYT Yearly Profit, Operating, Gross MarginsSKYT Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2018 2019 2020 2021 2022 2023 2024 0 10 -10 20 -20 -30

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1

2. Health

2.1 Basic Checks

SKYT has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
The number of shares outstanding for SKYT has been increased compared to 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.
SKYT Yearly Shares OutstandingSKYT Yearly Shares OutstandingYearly Shares Outstanding 2018 2019 2020 2021 2022 2023 2024 10M 20M 30M 40M
SKYT Yearly Total Debt VS Total AssetsSKYT Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2018 2019 2020 2021 2022 2023 2024 100M 200M 300M

2.2 Solvency

Based on the Altman-Z score of 1.33, we must say that SKYT is in the distress zone and has some risk of bankruptcy.
The Altman-Z score of SKYT (1.33) is worse than 70.00% of its industry peers.
SKYT has a debt to FCF ratio of 10.65. This is a negative value and a sign of low solvency as SKYT would need 10.65 years to pay back of all of its debts.
With a Debt to FCF ratio value of 10.65, SKYT perfoms like the industry average, outperforming 52.73% of the companies in the same industry.
A Debt/Equity ratio of 0.75 indicates that SKYT is somewhat dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.75, SKYT is doing worse than 79.09% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.75
Debt/FCF 10.65
Altman-Z 1.33
ROIC/WACC0.33
WACC9.79%
SKYT Yearly LT Debt VS Equity VS FCFSKYT Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2018 2019 2020 2021 2022 2023 2024 0 50M -50M

2.3 Liquidity

A Current Ratio of 0.86 indicates that SKYT may have some problems paying its short term obligations.
SKYT has a Current ratio of 0.86. This is amonst the worse of the industry: SKYT underperforms 94.55% of its industry peers.
A Quick Ratio of 0.76 indicates that SKYT may have some problems paying its short term obligations.
With a Quick ratio value of 0.76, SKYT is not doing good in the industry: 92.73% of the companies in the same industry are doing better.
Industry RankSector Rank
Current Ratio 0.86
Quick Ratio 0.76
SKYT Yearly Current Assets VS Current LiabilitesSKYT Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2018 2019 2020 2021 2022 2023 2024 50M 100M 150M

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7

3. Growth

3.1 Past

SKYT shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 123.08%, which is quite impressive.
Looking at the last year, SKYT shows a quite strong growth in Revenue. The Revenue has grown by 19.39% in the last year.
Measured over the past years, SKYT shows a very strong growth in Revenue. The Revenue has been growing by 20.15% on average per year.
EPS 1Y (TTM)123.08%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%300%
Revenue 1Y (TTM)19.39%
Revenue growth 3Y28.11%
Revenue growth 5Y20.15%
Sales Q2Q%-4.63%

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 quite a strong growth in Revenue. In the coming years, the Revenue will grow by 10.51% yearly.
EPS Next Y-127.2%
EPS Next 2Y72.48%
EPS Next 3Y82.92%
EPS Next 5YN/A
Revenue Next Year-9.4%
Revenue Next 2Y5.42%
Revenue Next 3Y10.51%
Revenue Next 5YN/A

3.3 Evolution

Although the future Revenue growth is still strong, it is not able to hold up the even more excellent growth rate of the past years.
SKYT Yearly Revenue VS EstimatesSKYT Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 100M 200M 300M 400M
SKYT Yearly EPS VS EstimatesSKYT Yearly EPS VS EstimatesYearly EPS VS Estimates 2021 2022 2023 2024 2025 2026 2027 0 0.2 -0.2 -0.4 -0.6 -0.8

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2

4. Valuation

4.1 Price/Earnings Ratio

Based on the Price/Earnings ratio of 125.67, the valuation of SKYT can be described as expensive.
60.91% of the companies in the same industry are cheaper than SKYT, based on the Price/Earnings ratio.
SKYT's Price/Earnings ratio indicates a rather expensive valuation when compared to the S&P500 average which is at 28.22.
SKYT is expected to report negative earnings next year, which makes the Forward Price/Earnings Ratio negative.
Industry RankSector Rank
PE 125.67
Fwd PE N/A
SKYT Price Earnings VS Forward Price EarningsSKYT Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 100 -100 -200 -300 -400

4.2 Price Multiples

Based on the Enterprise Value to EBITDA ratio, SKYT is valued a bit cheaper than the industry average as 70.00% of the companies are valued more expensively.
SKYT's Price/Free Cash Flow is on the same level as the industry average.
Industry RankSector Rank
P/FCF 50.29
EV/EBITDA 16.63
SKYT Per share dataSKYT EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 2 4 6

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 2Y72.48%
EPS Next 3Y82.92%

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0

5. Dividend

5.1 Amount

SKYT does not give a dividend.
Industry RankSector Rank
Dividend Yield N/A

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SKYWATER TECHNOLOGY INC

NASDAQ:SKYT (5/2/2025, 8:23:22 PM)

After market: 7.65 +0.11 (+1.46%)

7.54

+0.26 (+3.57%)

Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSemiconductors & Semiconductor Equipment
GICS IndustrySemiconductors & Semiconductor Equipment
Earnings (Last)02-26 2025-02-26/bmo
Earnings (Next)05-07 2025-05-07/amc
Inst Owners28.46%
Inst Owner Change0.36%
Ins Owners16.11%
Ins Owner Change-21.75%
Market Cap362.15M
Analysts80
Price Target12.85 (70.42%)
Short Float %12.53%
Short Ratio5.04
Dividend
Industry RankSector 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)372.9%
Min EPS beat(2)161.66%
Max EPS beat(2)584.14%
EPS beat(4)3
Avg EPS beat(4)199.8%
Min EPS beat(4)-65.12%
Max EPS beat(4)584.14%
EPS beat(8)6
Avg EPS beat(8)123.52%
EPS beat(12)10
Avg EPS beat(12)92.87%
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)0
Avg Revenue beat(2)-1.5%
Min Revenue beat(2)-2.77%
Max Revenue beat(2)-0.23%
Revenue beat(4)1
Avg Revenue beat(4)1.24%
Min Revenue beat(4)-2.77%
Max Revenue beat(4)10.37%
Revenue beat(8)5
Avg Revenue beat(8)3.59%
Revenue beat(12)9
Avg Revenue beat(12)5.23%
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)0%
PT rev (3m)2.44%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-100%
EPS NY rev (1m)0%
EPS NY rev (3m)78.38%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-8.21%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-5.94%
Valuation
Industry RankSector Rank
PE 125.67
Fwd PE N/A
P/S 1.06
P/FCF 50.29
P/OCF 19.62
P/B 6.29
P/tB 7.27
EV/EBITDA 16.63
EPS(TTM)0.06
EY0.8%
EPS(NY)-0.02
Fwd EYN/A
FCF(TTM)0.15
FCFY1.99%
OCF(TTM)0.38
OCFY5.1%
SpS7.13
BVpS1.2
TBVpS1.04
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA -2.16%
ROE -11.79%
ROCE 4.12%
ROIC 3.25%
ROICexc 3.69%
ROICexgc 3.9%
OM 1.92%
PM (TTM) N/A
GM 20.34%
FCFM 2.1%
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-Score5
Asset Turnover1.09
Health
Industry RankSector Rank
Debt/Equity 0.75
Debt/FCF 10.65
Debt/EBITDA 1.72
Cap/Depr 60.24%
Cap/Sales 3.29%
Interest Coverage 1
Cash Conversion 73.1%
Profit Quality N/A
Current Ratio 0.86
Quick Ratio 0.76
Altman-Z 1.33
F-Score5
WACC9.79%
ROIC/WACC0.33
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)123.08%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%300%
EPS Next Y-127.2%
EPS Next 2Y72.48%
EPS Next 3Y82.92%
EPS Next 5YN/A
Revenue 1Y (TTM)19.39%
Revenue growth 3Y28.11%
Revenue growth 5Y20.15%
Sales Q2Q%-4.63%
Revenue Next Year-9.4%
Revenue Next 2Y5.42%
Revenue Next 3Y10.51%
Revenue Next 5YN/A
EBIT growth 1Y144.36%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year171.43%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y1864.95%
FCF growth 3YN/A
FCF growth 5Y29.86%
OCF growth 1Y83.13%
OCF growth 3YN/A
OCF growth 5Y11.07%