We assign a fundamental rating of 4 out of 10 to SYNA. SYNA was compared to 113 industry peers in the Semiconductors & Semiconductor Equipment industry. The financial health of SYNA is average, but there are quite some concerns on its profitability. SYNA has a decent growth rate and is not valued too expensively.

Quickly go to:

1. Profitability

2. Health

3. Growth

4. Valuation

5. Dividend

1. Profitability

1.1 Basic Checks

SYNA had positive earnings in the past year.
SYNA had a positive operating cash flow in the past year.
SYNA had positive earnings in 4 of the past 5 years.
Each year in the past 5 years SYNA had a positive operating cash flow.

1.2 Ratios

SYNA has a Return On Assets (-1.76%) which is in line with its industry peers.
SYNA has a Return On Equity of -3.23%. This is comparable to the rest of the industry: SYNA outperforms 42.48% of its industry peers.

		Industry Rank	Sector Rank
ROA	-1.76%
ROE	-3.23%
ROIC	N/A

ROA(3y)1.8%

ROA(5y)3.6%

ROE(3y)3.69%

ROE(5y)7.92%

ROIC(3y)N/A

ROIC(5y)N/A

1.3 Margins

SYNA's Operating Margin has declined in the last couple of years.
With a Gross Margin value of 46.30%, SYNA perfoms like the industry average, outperforming 54.87% of the companies in the same industry.
SYNA's Gross Margin has improved in the last couple of years.
The Profit Margin and Operating Margin are not available for SYNA so they could not be analyzed.

		Industry Rank	Sector Rank
OM	N/A
PM (TTM)	N/A
GM	46.3%

OM growth 3Y-46.62%

OM growth 5Y-18.2%

PM growth 3YN/A

PM growth 5YN/A

GM growth 3Y-0.26%

GM growth 5Y5.71%

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ROA

ROE

ROIC

Operating and Profit Margin

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2. Health

2.1 Basic Checks

SYNA does not have a ROIC to compare to the WACC, probably because it is not profitable.
Compared to 1 year ago, SYNA has less shares outstanding
SYNA has more shares outstanding than it did 5 years ago.
The debt/assets ratio for SYNA has been reduced compared to a year ago.

2.2 Solvency

An Altman-Z score of 2.94 indicates that SYNA is not a great score, but indicates only limited risk for bankruptcy at the moment.
SYNA has a Altman-Z score (2.94) which is in line with its industry peers.
SYNA has a debt to FCF ratio of 5.77. This is a neutral value as SYNA would need 5.77 years to pay back of all of its debts.
The Debt to FCF ratio of SYNA (5.77) is comparable to the rest of the industry.
SYNA has a Debt/Equity ratio of 0.60. This is a neutral value indicating SYNA is somewhat dependend on debt financing.
SYNA's Debt to Equity ratio of 0.60 is on the low side compared to the rest of the industry. SYNA is outperformed by 70.80% of its industry peers.

		Industry Rank	Sector Rank
Debt/Equity	0.6
Debt/FCF	5.77
Altman-Z	2.94

ROIC/WACCN/A

WACC10.47%

2.3 Liquidity

A Current Ratio of 2.86 indicates that SYNA has no problem at all paying its short term obligations.
With a Current ratio value of 2.86, SYNA perfoms like the industry average, outperforming 49.56% of the companies in the same industry.
SYNA has a Quick Ratio of 2.31. This indicates that SYNA is financially healthy and has no problem in meeting its short term obligations.
The Quick ratio of SYNA (2.31) is comparable to the rest of the industry.

		Industry Rank	Sector Rank
Current Ratio	2.86
Quick Ratio	2.31

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WACC

Debt/Equity

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Altman-Z score

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3. Growth

3.1 Past

SYNA shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 53.73%, which is quite impressive.
Measured over the past years, SYNA shows a decrease in Earnings Per Share. The EPS has been decreasing by -9.48% on average per year.
The Revenue has grown by 13.24% in the past year. This is quite good.
The Revenue has been decreasing by -4.24% on average over the past years.

EPS 1Y (TTM)53.73%

EPS 3Y-35.49%

EPS 5Y-9.48%

EPS Q2Q%34.57%

Revenue 1Y (TTM)13.24%

Revenue growth 3Y-14.84%

Revenue growth 5Y-4.24%

Sales Q2Q%13.5%

3.2 Future

The Earnings Per Share is expected to grow by 17.45% on average over the next years. This is quite good.
The Revenue is expected to grow by 9.13% on average over the next years. This is quite good.

EPS Next Y21.54%

EPS Next 2Y21.21%

EPS Next 3Y20.14%

EPS Next 5Y17.45%

Revenue Next Year10.34%

Revenue Next 2Y10.6%

Revenue Next 3Y10.56%

Revenue Next 5Y9.13%

3.3 Evolution

The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.

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4. Valuation

4.1 Price/Earnings Ratio

SYNA is valuated rather expensively with a Price/Earnings ratio of 21.84.
Compared to the rest of the industry, the Price/Earnings ratio of SYNA indicates a rather cheap valuation: SYNA is cheaper than 89.38% of the companies listed in the same industry.
SYNA's Price/Earnings ratio indicates a similar valuation than the S&P500 average which is at 27.21.
SYNA is valuated correctly with a Price/Forward Earnings ratio of 16.01.
Compared to the rest of the industry, the Price/Forward Earnings ratio of SYNA indicates a rather cheap valuation: SYNA is cheaper than 92.04% of the companies listed in the same industry.
SYNA is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 25.98, which is the current average of the S&P500 Index.

		Industry Rank	Sector Rank
PE	21.84
Fwd PE	16.01

4.2 Price Multiples

89.38% of the companies in the same industry are more expensive than SYNA, based on the Price/Free Cash Flow ratio.

		Industry Rank	Sector Rank
P/FCF	23.07
EV/EBITDA	N/A

4.3 Compensation for Growth

The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
SYNA's earnings are expected to grow with 20.14% in the coming years. This may justify a more expensive valuation.