Skyworks Solutions, Inc., together with its subsidiaries, designs, develops, manufactures, and markets proprietary semiconductor products, including intellectual property worldwide. More info.
The calculations below outline how an intrinsic value for
is arrived at by discounting future cash flows to their present value. We use
analyst's estimates of cash flows going forward 5 years.
See our documentation to learn about this calculation.
|Levered FCF (USD, Millions)||$1,115.47||$1,150.24||$1,226.08||$1,384.00||$1,605.44|
|Source||Analyst x7||Analyst x7||Analyst x5||Analyst x1||Extrapolated @ (16%, capped from 17.68%)|
Discounted (@ 10.07%)
Present value of next 5 years cash flows:
Terminal Value = FCF2021 × (1 + g) ÷ (Discount Rate – g)
Terminal Value = $1,605 × (1 + 2.47%) ÷ (10.07% – 2.47%)
Terminal value based on the Perpetuity Method where growth (g) =
Present value of terminal value:
Equity Value (Total value) = Present value of next 5 years cash flows +
$18,205 = $4,818 + $13,386
Value = Total value / Shares Outstanding ($18,205 / 184)Discount to Share Price
Value per share:
Current discount (share price of $108.54): -9.55%
The discount rate, or required rate of return, is estimated by calculating the Cost of Equity.
Discount rate = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
Discount rate = 10.07% = 2.47% + (1.01 * 7.53%)
The Levered Beta is the Unlevered Beta adjusted for financial leverage. It is limited to 0.8 to 2.0 (practical range for a stable firm). Note the market value of equity is used not the book value ($19,943,154,361).
Levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
1.01 = 1.01 (1 + (1- 30%) (0%))
Levered Beta used in calculation = 1.01
Mr. Liam K. Griffin has been the President of Skyworks Solutions, Inc. since May 8, 2014 and its Chief Executive Officer since May 11, 2016. Mr. Griffin serves as Senior Vice President of Sales and Marketing at Advanced Analogic Technologies, Inc. Mr. Griffin served as an Executive Vice President of Skyworks Solutions Inc. since May 2011 until May 08, 2014 and served as its Corporate General Manager since November 20, 2012 until May 08, 2014. He served as Senior Vice President of Sales and Marketing of Skyworks Solutions Inc since August 2001 until May 2011. and served as its General Manager of High Performance Analog from May 2011 to November 2012. He served as a Vice President, Sales and Marketing of Skyworks Solutions Inc. since August 2001. He served as a Senior Vice President of Sales and Marketing and Vice President - Sales and Marketing at Alpha Industries Inc. He served as Vice President of Worldwide Sales of Vectron International, a division of Dover Corp. from 1997 to 2001 and served as its the Vice President of North American sales from 1995 to 1997. His prior experience included positions in marketing and engineering with units of AT&T Corp. He served as Marketing Manager at&T Microelectronics, Inc. and product and Process Engineer at&T Network Systems. He has been an Independent Director at Vicor Corp., since October 1, 2009. Mr. Griffin holds an M.B.A. degree from Boston University and a B.S. degree in Mechanical Engineering from the University of Massachusetts.
Average tenure and age of the Skyworks Solutions management team in years:
Average tenure and age of the Skyworks Solutions board of directors in years:
Skyworks Solutions, Inc., together with its subsidiaries, designs, develops, manufactures, and markets proprietary semiconductor products, including intellectual property worldwide. Its product portfolio includes amplifiers, attenuators, circulators/isolators, DC/DC converters, demodulators, detectors, diodes, directional couplers, diversity receive modules, filters, front-end modules, hybrids, LED drivers, low noise amplifiers, mixers, modulators, optocouplers/optoisolators, phase shifters, phase locked loops, power dividers/combiners, receivers, switches, synthesizers, technical ceramics, voltage controlled oscillators/synthesizers, and voltage regulators. The company provides its products for automotive, broadband, cellular infrastructure, connected home, industrial, medical, military, smartphone, tablet, and wearable applications. Skyworks Solutions, Inc. sells its products through direct sales force, electronic component distributors, and independent sales representatives. The company was founded in 1962 and is headquartered in Woburn, Massachusetts.
|Name:||Skyworks Solutions, Inc.|
Skyworks Solutions, Inc.
20 Sylvan Road,
|Exchange Symbol||Ticker Symbol||Security||Exchange||Country||Currency||Listed on|
|NasdaqGS||SWKS||Common Stock||Nasdaq Global Select||US||USD||26. Jun 2002|
|DB||AWM||Common Stock||Deutsche Boerse AG||DE||EUR||26. Jun 2002|
|WBAG||SWKS||Common Stock||Wiener Boerse AG||AT||EUR||26. Jun 2002|
|Sector:||Semiconductors and Semiconductor Equipment|