SYNAPTICS INC (SYNA) Stock Fundamental Analysis
NASDAQ:SYNA - Nasdaq - US87157D1090 - Common Stock - Currency: USD
SYNA gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 110 industry peers in the Semiconductors & Semiconductor Equipment industry. SYNA has only an average score on both its financial health and profitability. SYNA has a decent growth rate and is not valued too expensively.
1. Profitability
1.1 Basic Checks
In the past year SYNA was profitable.
SYNA had a positive operating cash flow in the past year.
SYNA had positive earnings in each of the past 5 years.
In the past 5 years SYNA always reported a positive cash flow from operatings.
1.2 Ratios
Looking at the Return On Assets, with a value of 6.47%, SYNA is in the better half of the industry, outperforming 72.73% of the companies in the same industry.
SYNA has a Return On Equity of 11.91%. This is in the better half of the industry: SYNA outperforms 74.55% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.47% | ||
| ROE | 11.91% | ||
| ROIC | N/A |
ROA(3y)5.42%
ROA(5y)5.37%
ROE(3y)11.61%
ROE(5y)11.51%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
SYNA has a better Profit Margin (15.90%) than 74.55% of its industry peers.
SYNA's Profit Margin has improved in the last couple of years.
With a Gross Margin value of 45.46%, SYNA perfoms like the industry average, outperforming 50.00% of the companies in the same industry.
In the last couple of years the Gross Margin of SYNA has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | N/A | ||
| PM (TTM) | 15.9% | ||
| GM | 45.46% |
OM growth 3YN/A
OM growth 5YN/A
PM growth 3Y30.12%
PM growth 5YN/A
GM growth 3Y0.16%
GM growth 5Y6.31%
2. Health
2.1 Basic Checks
SYNA does not have a ROIC to compare to the WACC, probably because it is not profitable.
SYNA has more shares outstanding than it did 1 year ago.
SYNA has more shares outstanding than it did 5 years ago.
Compared to 1 year ago, SYNA has an improved debt to assets ratio.
2.2 Solvency
An Altman-Z score of 2.40 indicates that SYNA is not a great score, but indicates only limited risk for bankruptcy at the moment.
SYNA has a Altman-Z score of 2.40. This is in the lower half of the industry: SYNA underperforms 60.91% of its industry peers.
SYNA has a debt to FCF ratio of 7.65. This is a slightly negative value and a sign of low solvency as SYNA would need 7.65 years to pay back of all of its debts.
SYNA has a Debt to FCF ratio (7.65) which is in line with its industry peers.
A Debt/Equity ratio of 0.60 indicates that SYNA is somewhat dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.60, SYNA is doing worse than 76.36% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.6 | ||
| Debt/FCF | 7.65 | ||
| Altman-Z | 2.4 |
ROIC/WACCN/A
WACC11%
2.3 Liquidity
A Current Ratio of 2.88 indicates that SYNA has no problem at all paying its short term obligations.
Looking at the Current ratio, with a value of 2.88, SYNA is in line with its industry, outperforming 49.09% of the companies in the same industry.
SYNA has a Quick Ratio of 2.34. This indicates that SYNA is financially healthy and has no problem in meeting its short term obligations.
Looking at the Quick ratio, with a value of 2.34, SYNA is in line with its industry, outperforming 54.55% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.88 | ||
| Quick Ratio | 2.34 |
3. Growth
3.1 Past
SYNA shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 54.98%, which is quite impressive.
SYNA shows a very negative growth in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -10.79% yearly.
Looking at the last year, SYNA shows a quite strong growth in Revenue. The Revenue has grown by 10.60% in the last year.
The Revenue has been decreasing by -8.21% on average over the past years.
EPS 1Y (TTM)54.98%
EPS 3Y-35.34%
EPS 5Y-10.79%
EPS Q2Q%69.81%
Revenue 1Y (TTM)10.6%
Revenue growth 3Y-10.53%
Revenue growth 5Y-8.21%
Sales Q2Q%12.35%
3.2 Future
Based on estimates for the next years, SYNA will show a very strong growth in Earnings Per Share. The EPS will grow by 34.80% on average per year.
SYNA is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 10.74% yearly.
EPS Next Y64.28%
EPS Next 2Y40.37%
EPS Next 3Y34.8%
EPS Next 5YN/A
Revenue Next Year11.85%
Revenue Next 2Y10.4%
Revenue Next 3Y10.74%
Revenue Next 5YN/A
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 17.94, SYNA is valued on the expensive side.
Compared to the rest of the industry, the Price/Earnings ratio of SYNA indicates a somewhat cheap valuation: SYNA is cheaper than 79.09% of the companies listed in the same industry.
SYNA's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 26.35.
With a Price/Forward Earnings ratio of 13.17, SYNA is valued correctly.
82.73% of the companies in the same industry are more expensive than SYNA, based on the Price/Forward Earnings ratio.
When comparing the Price/Forward Earnings ratio of SYNA to the average of the S&P500 Index (22.20), we can say SYNA is valued slightly cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 17.94 | ||
| Fwd PE | 13.17 |
4.2 Price Multiples
The rest of the industry has a similar Enterprise Value to EBITDA ratio as SYNA.
Based on the Price/Free Cash Flow ratio, SYNA is valued cheaply inside the industry as 81.82% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 20.73 | ||
| EV/EBITDA | 34.74 |
4.3 Compensation for Growth
SYNA'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 SYNA's earnings are expected to grow with 34.80% in the coming years.
PEG (NY)0.28
PEG (5Y)N/A
EPS Next 2Y40.37%
EPS Next 3Y34.8%
5. Dividend
5.1 Amount
SYNA does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
58.66
-1.52 (-2.53%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSemiconductors & Semiconductor Equipment
GICS IndustrySemiconductors & Semiconductor Equipment
Earnings (Last)
Earnings (Next)
Inst Owners106.57%
Inst Owner Change-3.81%
Ins Owners0.53%
Ins Owner Change6.51%
Market Cap2.26B
Analysts76.25
Price Target95.2 (62.29%)
Short Float %9.88%
Short Ratio6.79
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)3.77%
Min EPS beat(2)2.67%
Max EPS beat(2)4.88%
EPS beat(4)4
Avg EPS beat(4)7.16%
Min EPS beat(4)2.67%
Max EPS beat(4)14.54%
EPS beat(8)8
Avg EPS beat(8)12.24%
EPS beat(12)10
Avg EPS beat(12)8.13%
EPS beat(16)14
Avg EPS beat(16)7.02%
Revenue beat(2)0
Avg Revenue beat(2)-1.37%
Min Revenue beat(2)-1.38%
Max Revenue beat(2)-1.37%
Revenue beat(4)0
Avg Revenue beat(4)-1.2%
Min Revenue beat(4)-1.38%
Max Revenue beat(4)-1.01%
Revenue beat(8)1
Avg Revenue beat(8)-0.94%
Revenue beat(12)1
Avg Revenue beat(12)-1.52%
Revenue beat(16)1
Avg Revenue beat(16)-1.4%
PT rev (1m)-1.75%
PT rev (3m)-3.45%
EPS NQ rev (1m)6.11%
EPS NQ rev (3m)4.63%
EPS NY rev (1m)2.86%
EPS NY rev (3m)2.31%
Revenue NQ rev (1m)1.72%
Revenue NQ rev (3m)1.72%
Revenue NY rev (1m)0.55%
Revenue NY rev (3m)0.55%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 17.94 | ||
| Fwd PE | 13.17 | ||
| P/S | 2.18 | ||
| P/FCF | 20.73 | ||
| P/OCF | 15.1 | ||
| P/B | 1.63 | ||
| P/tB | 10.35 | ||
| EV/EBITDA | 34.74 |
EPS(TTM)3.27
EY5.57%
EPS(NY)4.45
Fwd EY7.59%
FCF(TTM)2.83
FCFY4.82%
OCF(TTM)3.89
OCFY6.62%
SpS26.95
BVpS35.98
TBVpS5.67
PEG (NY)0.28
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.47% | ||
| ROE | 11.91% | ||
| ROCE | N/A | ||
| ROIC | N/A | ||
| ROICexc | N/A | ||
| ROICexgc | N/A | ||
| OM | N/A | ||
| PM (TTM) | 15.9% | ||
| GM | 45.46% | ||
| FCFM | 10.5% |
ROA(3y)5.42%
ROA(5y)5.37%
ROE(3y)11.61%
ROE(5y)11.51%
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 3Y30.12%
PM growth 5YN/A
GM growth 3Y0.16%
GM growth 5Y6.31%
F-Score6
Asset Turnover0.41
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.6 | ||
| Debt/FCF | 7.65 | ||
| Debt/EBITDA | 10.85 | ||
| Cap/Depr | 31.19% | ||
| Cap/Sales | 3.92% | ||
| Interest Coverage | N/A | ||
| Cash Conversion | 194.8% | ||
| Profit Quality | 66.04% | ||
| Current Ratio | 2.88 | ||
| Quick Ratio | 2.34 | ||
| Altman-Z | 2.4 |
F-Score6
WACC11%
ROIC/WACCN/A
Cap/Depr(3y)71.95%
Cap/Depr(5y)51.19%
Cap/Sales(3y)7.86%
Cap/Sales(5y)5.31%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)54.98%
EPS 3Y-35.34%
EPS 5Y-10.79%
EPS Q2Q%69.81%
EPS Next Y64.28%
EPS Next 2Y40.37%
EPS Next 3Y34.8%
EPS Next 5YN/A
Revenue 1Y (TTM)10.6%
Revenue growth 3Y-10.53%
Revenue growth 5Y-8.21%
Sales Q2Q%12.35%
Revenue Next Year11.85%
Revenue Next 2Y10.4%
Revenue Next 3Y10.74%
Revenue Next 5YN/A
EBIT growth 1Y44.8%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year64.9%
EBIT Next 3Y31.37%
EBIT Next 5YN/A
FCF growth 1Y-66.66%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-61.72%
OCF growth 3Y-24.77%
OCF growth 5Y-2.49%