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O2Micro International LimitedInforme acción NasdaqGS:OIIM

Capitalización bursátil US$143.0m
Precio de las acciones
n/a
US$4.9
n/adescuento intrínseco
1Y21.3%
7D1.2%
1D
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O2Micro International Limited

Informe acción NasdaqGS:OIIM

Capitalización de mercado: US$143.0m

This company has been acquired

The company may no longer be operating, as it has been acquired. Find out why through their latest events.

O2Micro International (OIIM) Resumen de Acciones

O2Micro International Limited, together with its subsidiaries, designs, develops, and markets integrated circuits and solutions for power management components and systems in China, Singapore, Taiwan, Malaysia, Korea, the Philippines, Japan, the United States, and internationally. Saber más

Análisis fundamental de OIIM
Puntuación del snowflake
Valoración0/6
Crecimiento futuro1/6
Rendimiento pasado2/6
Salud financiera6/6
Dividendos0/6

Recompensas

Se prevé un crecimiento anual de los beneficios de 2.11%

Análisis de riesgos

Los márgenes de beneficio (3.5%) son inferiores a los del año pasado (13.7%)

Los accionistas han sido diluidos en el último año


OIIM Community Fair Values

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Competidores de O2Micro International Limited

Historial de precios y rendimiento

Resumen de las cotizaciones máximas, mínimas y variaciones del O2Micro International
Precios históricos de las acciones
Precio actual de la acciónUS$4.90
Máximo en las últimas 52 semanasUS$4.93
Mínimo de 52 semanasUS$2.85
Beta0.64
Cambio en 1 mes4.70%
Variación en 3 meses11.62%
Cambio de 1 año21.29%
Variación en 3 años295.16%
Variación en 5 años216.13%
Variación desde la OPV-76.40%

Noticias y actualizaciones recientes

Seeking Alpha • Sep 19

O2Micro stock gains 17% postmarket on revised bid from consortium

O2Micro International (NASDAQ:OIIM) stock gained 17% postmarket on Monday after a consortium reduced its non-binding offer to acquire its outstanding shares not already owned by the group to $4.90 per ADS (or $0.098 per ordinary share). The group is comprised of FNOF Precious Honour, OIIM CEO Sterling Du, OIIM CFO Perry Kuo and a director of the firm. There can be no assurance that the consortium will make a definitive offer to OIIM or that the proposed deal will be approved. The consortium's earlier offer was $5.50/ADS (or $0.11/ordinary share in cash).
Seeking Alpha • Aug 25

O2Micro International: The Status Quo Continues

Summary OIIM has gotten rocked by several hits in the last six months, including downbeat guidance, but the stock has managed to shrug it off. The outlook sees earnings go down in the near term due to an inventory problem, but the problem is not expected to last into the new year. Multiples are not as nice as before due to revised earnings expectations, but they are still very fair for a company with a healthy balance sheet. Long OIIM is worth it in light of current valuations and an expected recovery in 2023, regardless of whether the proposed buyout succeeds or not. O2Micro International (OIIM) has not done much in recent months. The most recent quarterly report caused a small drop in the stock, but the response was relatively underwhelming in light of what the latest guidance called for. It's been mostly sideways for the last six months or so for the stock. Still, sales and profits are under pressure at OIIM due to headwinds popping up, but it appears there are other forces at work that are powerful enough to keep the status quo intact. Why will be covered next. The stock seems to be waiting for something The chart below shows how March was a pivotal month for OIIM. The stock had been declining up to that point, only to change direction in early March when news broke of a buyout proposal for OIIM. The non-binding proposal values OIIM at $5.50 per ADS, which is higher than what OIIM is going for, even to this day. Note that "the proposal constitutes only a preliminary indication of interest and does not constitute any funding commitment" as reiterated before by OIIM. OIIM has put together a committee to evaluate the proposal, but there’s been nothing of significance since then. The special committee continues to review the proposed transaction and no decisions have been made as to the proposal, except to stay tuned for further updates in the future. In a nutshell, the proposal is out there, but it is basically in limbo. It may go through, but it may not go through as well. Source: finviz.com Still, while the stock has yet to get anywhere near the proposed acquisition price, the proposal seems to have brought some semblance of stability to the stock, certainly in comparison to what it was doing beforehand. The stock was falling prior to the proposal, but it has since gone sideways more or less. The stock is still down 25% YTD, but it is also higher than where it was prior to the proposal being made. The fact that the stock trades below the proposed acquisition price suggests a fair amount of skepticism towards the proposal. It’s possible the proposal may not go through for a number of reasons. For instance, shareholders may not agree or financing may not be there. On the other hand, the proposal seems to have put a floor under the stock, keeping it from falling too much, unlike how it behaved prior to the proposal. In that sense, the proposal has been a positive for OIIM. It’s not as if there have been no forces exerting pressure on the stock. For instance, the stock market has seen lots of volatility in 2022 with many stocks suffering big declines. Yet OIIM has for the most part shrugged it off. Nothing has been able to change the trajectory of the stock in the last six months. This includes the most recent earnings report, which probably should have moved the stock more than it did as it contained a fair amount of bad news. If circumstances had been different and there was no pending buyout proposal, the stock may have reacted differently. Yet it passed almost unnoticed. OIIM has an inventory problem The most recent quarterly numbers were actually better than expected with revenue and gross margins near the high end of guidance. Q2 revenue still declined by 15.8% YoY, but it also increased by 2% QoQ to $22M. Net income was $0.56M or $0.02 per ADS in terms of GAAP, down QoQ and YoY. In terms of non-GAAP, net income was $2M or $0.06 per share, a decline of 50% YoY, but an increase of 20% QoQ. Note that the GAAP numbers were negatively impacted by a one-time expense of $0.8M. Stock-based compensation expense also lowered GAAP earnings by $586,000, but they are excluded in the non-GAAP numbers. OIIM ended Q2 with cash and equivalents of $49.5M, which translates to $1.70 per ADS. The table below shows the numbers for Q2 FY2022. (GAAP) Q2 FY2022 Q1 FY2022 Q2 FY2021 QoQ YoY Revenue $22.058M $21.625M $26.205M 2.00% (15.83%) Gross margin 52.6% 52.6% 51.5% 110bps Operating margin 2.1% 3.9% 12.5% (180bps) (1040bps) Operating expenses $11.142M $10.535M $10.206M 5.76% 9.17% Income from operations $0.469M $0.833M $3.281M (43.70%) (85.71%) Net income (loss) $0.555M $0.915M $3.161M (39.34%) (82.44%) EPADS $0.02 $0.03 $0.10 (33.33%) (80.00%) (Non-GAAP) Net income $2.0M $1.6M $3.6M 25.00% (44.44%) EPADS $0.06 $0.05 $0.12 20.00% (50.00%) Source: OIIM Form 6-K However, although the Q2 numbers showed some improvement over the ones in Q1, that’s not expected to be the case in Q3. The outlook sees a significant deterioration in the quarterly numbers. Guidance calls for Q3 FY2022 revenue of $17-19M, a decline of 18.2% QoQ and 34% YoY at the midpoint. Gross margin is expected to fall by 100 basis points YoY. OIIM barely made it, but it managed to avoid ending up with losses in Q2. However, this is not expected to continue in Q3. The drop in the top line and a reduction in gross margin is expected to push OIIM into the red. Consensus estimates have been revised downwards in light of the worse-than-expected guidance and are now calling for a GAAP loss of $0.06 per share in Q3, the first loss for OIIM since Q1 FY2020 when COVID-19 showed up. Q3 FY2022 (guidance) Q2 FY2021 YoY (midpoint) Revenue $17.0-19.0M $27.3M (34.07%) Gross margin 50-52% 52% (100bps) OIIM added some color as to the reasoning behind the latest guidance. From the Q2 earnings call: “In Q3, we are facing an inventory correction due to weaker demand from some selected market by inflation. We will carefully be managing the inventory, while we also continue to qualify second sources for cost and additional supply chains as reported area.” A transcript of the Q2 FY2022 earnings call can be found here. Similar to a growing number of companies in the semiconductor space, OIIM is dealing with excess inventory at some of its customers, especially in the battery management segment. Some customers have enough inventory for Q3 and Q4 to a lesser degree, which means they will need less from OIIM in the coming quarters. “We expect to be through the majority of the inventory correction in Q3. We understand from the leaders list primarily in the power tool and vacuum cleaner area. We understand the magnitude of those inventories and we understand their ongoing run rates. In most cases we give direct forecasts from them for their ongoing run rate. So we do expect to have most of the inventory correction done in Q3 and some into Q4. We don't expect to have any issues of any significance as we move into next year.”

Recent updates

Seeking Alpha • Sep 19

O2Micro stock gains 17% postmarket on revised bid from consortium

O2Micro International (NASDAQ:OIIM) stock gained 17% postmarket on Monday after a consortium reduced its non-binding offer to acquire its outstanding shares not already owned by the group to $4.90 per ADS (or $0.098 per ordinary share). The group is comprised of FNOF Precious Honour, OIIM CEO Sterling Du, OIIM CFO Perry Kuo and a director of the firm. There can be no assurance that the consortium will make a definitive offer to OIIM or that the proposed deal will be approved. The consortium's earlier offer was $5.50/ADS (or $0.11/ordinary share in cash).
Seeking Alpha • Aug 25

O2Micro International: The Status Quo Continues

Summary OIIM has gotten rocked by several hits in the last six months, including downbeat guidance, but the stock has managed to shrug it off. The outlook sees earnings go down in the near term due to an inventory problem, but the problem is not expected to last into the new year. Multiples are not as nice as before due to revised earnings expectations, but they are still very fair for a company with a healthy balance sheet. Long OIIM is worth it in light of current valuations and an expected recovery in 2023, regardless of whether the proposed buyout succeeds or not. O2Micro International (OIIM) has not done much in recent months. The most recent quarterly report caused a small drop in the stock, but the response was relatively underwhelming in light of what the latest guidance called for. It's been mostly sideways for the last six months or so for the stock. Still, sales and profits are under pressure at OIIM due to headwinds popping up, but it appears there are other forces at work that are powerful enough to keep the status quo intact. Why will be covered next. The stock seems to be waiting for something The chart below shows how March was a pivotal month for OIIM. The stock had been declining up to that point, only to change direction in early March when news broke of a buyout proposal for OIIM. The non-binding proposal values OIIM at $5.50 per ADS, which is higher than what OIIM is going for, even to this day. Note that "the proposal constitutes only a preliminary indication of interest and does not constitute any funding commitment" as reiterated before by OIIM. OIIM has put together a committee to evaluate the proposal, but there’s been nothing of significance since then. The special committee continues to review the proposed transaction and no decisions have been made as to the proposal, except to stay tuned for further updates in the future. In a nutshell, the proposal is out there, but it is basically in limbo. It may go through, but it may not go through as well. Source: finviz.com Still, while the stock has yet to get anywhere near the proposed acquisition price, the proposal seems to have brought some semblance of stability to the stock, certainly in comparison to what it was doing beforehand. The stock was falling prior to the proposal, but it has since gone sideways more or less. The stock is still down 25% YTD, but it is also higher than where it was prior to the proposal being made. The fact that the stock trades below the proposed acquisition price suggests a fair amount of skepticism towards the proposal. It’s possible the proposal may not go through for a number of reasons. For instance, shareholders may not agree or financing may not be there. On the other hand, the proposal seems to have put a floor under the stock, keeping it from falling too much, unlike how it behaved prior to the proposal. In that sense, the proposal has been a positive for OIIM. It’s not as if there have been no forces exerting pressure on the stock. For instance, the stock market has seen lots of volatility in 2022 with many stocks suffering big declines. Yet OIIM has for the most part shrugged it off. Nothing has been able to change the trajectory of the stock in the last six months. This includes the most recent earnings report, which probably should have moved the stock more than it did as it contained a fair amount of bad news. If circumstances had been different and there was no pending buyout proposal, the stock may have reacted differently. Yet it passed almost unnoticed. OIIM has an inventory problem The most recent quarterly numbers were actually better than expected with revenue and gross margins near the high end of guidance. Q2 revenue still declined by 15.8% YoY, but it also increased by 2% QoQ to $22M. Net income was $0.56M or $0.02 per ADS in terms of GAAP, down QoQ and YoY. In terms of non-GAAP, net income was $2M or $0.06 per share, a decline of 50% YoY, but an increase of 20% QoQ. Note that the GAAP numbers were negatively impacted by a one-time expense of $0.8M. Stock-based compensation expense also lowered GAAP earnings by $586,000, but they are excluded in the non-GAAP numbers. OIIM ended Q2 with cash and equivalents of $49.5M, which translates to $1.70 per ADS. The table below shows the numbers for Q2 FY2022. (GAAP) Q2 FY2022 Q1 FY2022 Q2 FY2021 QoQ YoY Revenue $22.058M $21.625M $26.205M 2.00% (15.83%) Gross margin 52.6% 52.6% 51.5% 110bps Operating margin 2.1% 3.9% 12.5% (180bps) (1040bps) Operating expenses $11.142M $10.535M $10.206M 5.76% 9.17% Income from operations $0.469M $0.833M $3.281M (43.70%) (85.71%) Net income (loss) $0.555M $0.915M $3.161M (39.34%) (82.44%) EPADS $0.02 $0.03 $0.10 (33.33%) (80.00%) (Non-GAAP) Net income $2.0M $1.6M $3.6M 25.00% (44.44%) EPADS $0.06 $0.05 $0.12 20.00% (50.00%) Source: OIIM Form 6-K However, although the Q2 numbers showed some improvement over the ones in Q1, that’s not expected to be the case in Q3. The outlook sees a significant deterioration in the quarterly numbers. Guidance calls for Q3 FY2022 revenue of $17-19M, a decline of 18.2% QoQ and 34% YoY at the midpoint. Gross margin is expected to fall by 100 basis points YoY. OIIM barely made it, but it managed to avoid ending up with losses in Q2. However, this is not expected to continue in Q3. The drop in the top line and a reduction in gross margin is expected to push OIIM into the red. Consensus estimates have been revised downwards in light of the worse-than-expected guidance and are now calling for a GAAP loss of $0.06 per share in Q3, the first loss for OIIM since Q1 FY2020 when COVID-19 showed up. Q3 FY2022 (guidance) Q2 FY2021 YoY (midpoint) Revenue $17.0-19.0M $27.3M (34.07%) Gross margin 50-52% 52% (100bps) OIIM added some color as to the reasoning behind the latest guidance. From the Q2 earnings call: “In Q3, we are facing an inventory correction due to weaker demand from some selected market by inflation. We will carefully be managing the inventory, while we also continue to qualify second sources for cost and additional supply chains as reported area.” A transcript of the Q2 FY2022 earnings call can be found here. Similar to a growing number of companies in the semiconductor space, OIIM is dealing with excess inventory at some of its customers, especially in the battery management segment. Some customers have enough inventory for Q3 and Q4 to a lesser degree, which means they will need less from OIIM in the coming quarters. “We expect to be through the majority of the inventory correction in Q3. We understand from the leaders list primarily in the power tool and vacuum cleaner area. We understand the magnitude of those inventories and we understand their ongoing run rates. In most cases we give direct forecasts from them for their ongoing run rate. So we do expect to have most of the inventory correction done in Q3 and some into Q4. We don't expect to have any issues of any significance as we move into next year.”
Artículo de análisis • Jul 31

Downgrade: Here's How Analysts See O2Micro International Limited (NASDAQ:OIIM) Performing In The Near Term

The analysts covering O2Micro International Limited ( NASDAQ:OIIM ) delivered a dose of negativity to shareholders...
Seeking Alpha • Jul 28

O2Micro Q2 2022 Earnings Preview

O2Micro (NASDAQ:OIIM) is scheduled to announce Q2 earnings results on Friday, July 29th, before market open. The consensus EPS Estimate is $0.04 (-60.0% Y/Y) and the consensus Revenue Estimate is $21.63M (-17.4% Y/Y). Over the last 1 year, OIIM has beaten EPS estimates 75% of the time and has beaten revenue estimates 75% of the time. Over the last 3 months, EPS estimates have seen 0 upward revisions and 2 downward. Revenue estimates have seen 0 upward revisions and 3 downward.
Artículo de análisis • Jun 15

O2Micro International (NASDAQ:OIIM) Might Have The Makings Of A Multi-Bagger

What trends should we look for it we want to identify stocks that can multiply in value over the long term? Amongst...
Seeking Alpha • May 26

O2Micro International Is Worth It With Or Without A Deal

OIIM is in a slump and has been for quite some time, but the prospect of a possible buyout has injected new life into the stock. OIIM trades at very low multiples, partly due to shrinking sales and profits, but they may be too low, especially if growth comes back in the second half. The trend does not look encouraging, but recent chart patterns suggest the stock has found support, which could enable a reversal. There may or may not be a deal for OIIM, but long OIIM is worth backing when the company is valued at an enterprise value of just $41M.
Artículo de análisis • Apr 28

O2Micro International's (NASDAQ:OIIM) Earnings Are Weaker Than They Seem

Despite posting some strong earnings, the market for O2Micro International Limited's ( NASDAQ:OIIM ) stock hasn't moved...
Seeking Alpha • Feb 25

O2Micro International: Recent Outperformance Could Be A Sign To Get Back In

OIIM’s most recent numbers show that sales and profits are heading in the wrong direction, even though the FY2021 numbers looked fine. Multiples have gone down along with the stock’s decline, so much so that taking a shot at OIIM is worth contemplating. Recent price action suggests the current trend is about to change, especially with the stock’s resilience in the face of recent adversity. OIIM could go down some more, but it’s still worth the risk getting back in all things considered.
Seeking Alpha • Dec 14

Why Now Is Not The Right Time For Long O2Micro International

OIIM is facing several headwinds at the moment, which are conspiring to make the quarterly numbers worse off. The stock is down big in 2021 after a terrific 2020, but that also means multiples are getting a lot more interesting. The charts suggest the stock is most likely heading lower for a number of reasons and it’s not clear where the bottom lies. There may come a time to go long OIIM once again but now is not the time with the way the cards are laid out.
Artículo de análisis • Nov 21

Returns At O2Micro International (NASDAQ:OIIM) Are On The Way Up

Did you know there are some financial metrics that can provide clues of a potential multi-bagger? Typically, we'll want...
Seeking Alpha • Sep 24

O2Micro International Is Stopped In Its Tracks

Revenue and non-GAAP EPS grew by 51.6% and 300% YoY, respectively, in the Q2 report, but the report still caused a surging stock to halt and reverse course. While the Q2 report contained some nice-looking numbers, they were overshadowed by other more troubling signs. The stock has been trending lower with a series of lower highs and lower lows, and the quarterly reports had a lot to do with it. There may still come a time to go long OIIM once again, but now does not seem to be that time.
Artículo de análisis • Aug 01

O2Micro International (NASDAQ:OIIM) Is Experiencing Growth In Returns On Capital

If we want to find a potential multi-bagger, often there are underlying trends that can provide clues. Typically, we'll...
Seeking Alpha • Jul 09

Up Is Still The Path Of Least Resistance For O2Micro International

OIIM has disappointed this year after starting off with a big rally and quarterly earnings had a lot to do with it. OIIM could stand to benefit from COVID-19 lasting longer than expected, especially since it trades at lower multiples than the competition. The stock has not been able to decide whether to go up or down recently, but technicals suggest that may be about to change. OIIM could break down, but the odds favor a new uptrend since it’s the path of least resistance for OIIM.
Artículo de análisis • Feb 08

Will the Promising Trends At O2Micro International (NASDAQ:OIIM) Continue?

There are a few key trends to look for if we want to identify the next multi-bagger. Firstly, we'd want to identify a...
Artículo de análisis • Jan 04

Do Its Financials Have Any Role To Play In Driving O2Micro International Limited's (NASDAQ:OIIM) Stock Up Recently?

O2Micro International (NASDAQ:OIIM) has had a great run on the share market with its stock up by a significant 128...
Artículo de análisis • Nov 30

What Kind Of Shareholders Own O2Micro International Limited (NASDAQ:OIIM)?

Every investor in O2Micro International Limited (NASDAQ:OIIM) should be aware of the most powerful shareholder groups...

Rentabilidad de los accionistas

OIIMUS SemiconductorMercado US
7D1.2%1.9%1.1%
1Y21.3%110.1%28.7%

Rentabilidad vs. Industria: Los resultados de OIIM fueron inferiores a los de la industria US Semiconductor, que obtuvo un rendimiento del 110.1% el año pasado.

Rentabilidad vs. Mercado: OIIM superó al mercado US, que obtuvo un rendimiento del 28.7% el año pasado.

Volatilidad de los precios

Is OIIM's price volatile compared to industry and market?
OIIM volatility
OIIM Average Weekly Movement3.9%
Semiconductor Industry Average Movement11.0%
Market Average Movement7.2%
10% most volatile stocks in US Market16.4%
10% least volatile stocks in US Market3.1%

Precio estable de las acciones: OIIM no ha tenido una volatilidad de precios significativa en los últimos 3 meses en comparación con el mercado US.

Volatilidad a lo largo del tiempo: La volatilidad semanal de OIIM ha disminuido de 10% a 4% en el último año.

Acerca de la empresa

FundadaEmpleadosCEOPágina web
1995345Sterling Duwww.o2micro.com

Resumen de fundamentos de O2Micro International Limited

¿Cómo se comparan los beneficios e ingresos de O2Micro International con su capitalización de mercado?
Estadísticas fundamentales de OIIM
Capitalización bursátilUS$143.02m
Beneficios(TTM)US$3.00m
Ingresos (TTM)US$86.23m
47.6x
Ratio precio-beneficio (PE)
1.7x
Ratio precio-ventas (PS)

¿Está OIIM sobrevalorada?

Ver valor justo y análisis de valoración

Beneficios e Ingresos

Estadísticas clave de rentabilidad del último informe de resultados (TTM)
Cuenta de resultados (TTM) de OIIM
IngresosUS$86.23m
Coste de los ingresosUS$40.51m
Beneficio brutoUS$45.72m
Otros gastosUS$42.72m
BeneficiosUS$3.00m

Últimos beneficios comunicados

Sep 30, 2022

Próxima fecha de beneficios

n/a

Beneficios por acción (BPA)0.10
Margen bruto53.02%
Margen de beneficio neto3.48%
Ratio deuda/patrimonio0%

¿Cómo se ha desempeñado OIIM a largo plazo?

Ver rendimiento histórico y comparativa

Análisis de la empresa y estado de los datos financieros

DatosÚltima actualización (huso horario UTC)
Análisis de la empresa2023/03/05 12:39
Precio de las acciones al final del día2023/03/02 00:00
Beneficios2022/09/30
Ingresos anuales2021/12/31

Fuentes de datos

Los datos utilizados en nuestro análisis de empresas proceden de S&P Global Market Intelligence LLC. Los siguientes datos se utilizan en nuestro modelo de análisis para generar este informe. Los datos están normalizados, lo que puede introducir un retraso desde que la fuente está disponible.

PaqueteDatosMarco temporalEjemplo Fuente EE.UU. *
Finanzas de la empresa10 años
  • Cuenta de resultados
  • Estado de tesorería
  • Balance
Estimaciones del consenso de analistas+3 años
  • Previsiones financieras
  • Objetivos de precios de los analistas
Precios de mercado30 años
  • Precios de las acciones
  • Dividendos, escisiones y acciones
Propiedad10 años
  • Accionistas principales
  • Información privilegiada
Gestión10 años
  • Equipo directivo
  • Consejo de Administración
Principales avances10 años
  • Anuncios de empresas

* Ejemplo para valores de EE.UU., para no EE.UU. se utilizan formularios y fuentes normativas equivalentes.

A menos que se especifique lo contrario, todos los datos financieros se basan en un periodo anual, pero se actualizan trimestralmente. Esto se conoce como datos de los últimos doce meses (TTM) o de los últimos doce meses (LTM). Más información.

Modelo de análisis y copo de nieve

Los detalles del modelo de análisis utilizado para generar este informe están disponibles en nuestra página de Github, también tenemos guías sobre cómo utilizar nuestros informes y tutoriales en Youtube.

Conozca al equipo de talla mundial que diseñó y construyó el modelo de análisis Simply Wall St.

Métricas industriales y sectoriales

Simply Wall St calcula cada 6 horas nuestras métricas sectoriales y de sección. Los detalles de nuestro proceso están disponibles en Github.

Fuentes analistas

O2Micro International Limited está cubierta por 10 analistas. 2 de esos analistas presentaron las estimaciones de ingresos o ganancias utilizadas como datos para nuestro informe. Las estimaciones de los analistas se actualizan a lo largo del día.

AnalistaInstitución
Theodore O'NeillLitchfield Hills Research, LLC
Mark HardingMaxim Group
Ronald BaroneMaxim Group