Sierra Wireless, Inc.

Informe acción NasdaqGS:SWIR

Capitalización de mercado: US$1.2b

This company has been acquired

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

Salud financiera de hoja de balance de Sierra Wireless

Salud financiera controles de criterios 4/6

Sierra Wireless tiene un patrimonio de accionistas total de $274.8M y una deuda total de $68.0M, lo que sitúa su ratio deuda-patrimonio en 24.7%. Sus activos y pasivos totales son $604.2M y $329.4M respectivamente. El BAIT de Sierra Wireless es de $19.2M, por lo que su ratio de cobertura de intereses es de 6.7. Tiene efectivo e inversiones a corto plazo que ascienden a $128.9M.

Información clave

24.74%

Ratio deuda-patrimonio

US$67.97m

Deuda

Ratio de cobertura de intereses6.7x
EfectivoUS$128.95m
PatrimonioUS$274.79m
Total pasivoUS$329.42m
Activos totalesUS$604.21m

Actualizaciones recientes sobre salud financiera

No hay actualizaciones

Recent updates

Seeking Alpha • Oct 18

Semtech, Sierra Wireless receive DOJ second request on deal

Semtech (SMTC) and Sierra Wireless (NASDAQ:SWIR) said they received a request for additional information from the Dept. of Justice in regards to the Sierra Wireless acquisition. Semtech (SMTC) and Sierra Wireless (SWIR) said they will continue to work with the DOJ to resolve their open questions and bring the review to a close, according to a statement. The issuance of the second request extends the waiting period under the HSR Act until 30 days after Semtech and Sierra have substantially complied with the second requests. Semtech (SMTC) received a no action letter from the Canadian Competition Bureau on Oct. 3, satisfying the Competition Act Approval condition to closing. Semtech (SMTC) announced in August it planned to acquire Sierra Wireless (SWIR) for $31 per share in all cash.
Seeking Alpha • Aug 01

Sierra Wireless jumps 18% on report of Semtech buyout talks

Trading in Sierra Wireless (NASDAQ:SWIR) was paused for volatility and the stock shot up 17.8% off a report that Semtech (SMTC) was in advanced talks to acquire the company. A purchase deal could be announced within days, Bloomberg reports. Semtech (SMTC) has fallen 3% on the report. A deal might be timely after the stock suffered its worst four-day drop in a few years a week ago. Last Monday, Sierra Wireless fell 8.9% in U.S. trading, its fourth straight decline. But it recovered on each of the other four days of last week. Over a five-year span, the stock is down 0.2% after climbing back from depths it plumbed at the start of the COVID-19 pandemic. Just after that rough July 25 decline, Roth Capital said there was a buying opportunity in the stock going into Q2 results.
Seeking Alpha • Jul 08

Sierra Wireless - Going Wild

Sierra Wireless has seen accelerating momentum. The question is how much of this momentum is driven by supply chain shortages and panic buying, and how much growth is "organic." Strong revenue growth translates into modest realistic earnings here, a bit disappointing as more is to prove here. Shares of Sierra Wireless, Inc. (SWIR) have seen solid performance as of recent, certainly in relation to the rest of the market. The share price momentum being driven by strong operational performance. This is sufficient of a reason to update a thesis which goes back to the summer of 2020 when I concluded that Sierra was announcing an interesting sale, in a very uncertain period of time. Back To The Summer Of 2020 In July 2020, Sierra Wireless announced the sale of its China-based automatic embedded module product line to Hong Kong-based Rolling Wireless in a deal valued at $165 million, or $146 million net of cash. This was equal to just below 1 times sales, reported at $166 million in 2019. The deal would create a fully focused integrated IoT (Internet of Things) solution provider, although 4G LTE embedded modules and new 5G modules would be retained. If we look at the 2019 results, Sierra posted a 10% decline in full year sales to $713 million, with net losses coming in at $70 million. The company posted break-even results based on adjusted earnings, yet with a huge part of the difference stemming from stock-based compensation expenses, I was not happy to adjust down to break-even results as the company was still posting economic losses. The 36-million share count translates into a value of just around $350 million at around $10 per share, even including a modest net cash position. This reveals that the sale of the embedded module product line was equivalent to nearly half the enterprise valuation, translating into very non-demanding valuations for the core business, albeit that the company was posting losses and 2020 was set to become a challenging year. I believed that if the company might fetch a similar sales multiple for the remaining core business, the company could be worth $17-$20 per share. Shares rallied from $9 to $13 upon the deal announcement which killed some of that immediate appeal. While the deal looked great due to selling challenging assets at a high multiple and obtaining a lot of cash in an uncertain environment, there still was great uncertainty, including a troubled history of boom and busts Stabilization And Acceleration Following the dealmaking efforts in 2020, shares have been trading in a $15-$20 range for pretty much all of 2021, levels at which shares still traded early in 2022. Since May, shares have rallied from $16 to a high of $25, vastly outperforming markets here. Fast-forwarding to February of this year, we saw the company posted a 5% increase in sales to $473 million, with revenues quite a bit smaller from 2019 as a result of the divestment, of course. Promising is that fourth quarter revenues rose 25% to $150 million, for a $600 million run rate. The company still posted a huge GAAP operating loss of $80 million for the year, albeit that losses narrowed to $10 million in the final quarter. That still includes more than $4 million in amortization and impairment charges, as well as over $7 million in restructuring charges. Adjusted for that, realistic break-even levels were more in sight. In the meantime, quite some has changed. The company has seen dilution to 37 million shares outstanding, as net cash balances have fallen to $67 million here. At $25 per share, the company is awarded a $925 million equity valuation, which excluding $67 million in net cash comes down to a $860 million valuation. This was based on a first quarter revenue outlook seen at a midpoint of $142.5 million, with no further guidance given for the rest of the year. In April, Sierra announced the sale of the Omnilink offender monitoring business in a $38 million cash deal, a deal in which the company is set to forfeit $13 million in revenues. This revealed that a solid revenue multiple has been fetched at nearly 3 times. The move higher in the shares has been driven by very strong first quarter results, as released in May, with revenues up 60% to $173 million, far ahead of the guidance issued a quarter before. While the company posted an operating loss of $10 million, that comes after a combined $18 million in restructuring, impairment, and amortization charges, revealing some realistic profits, or break-even results.
Seeking Alpha • Apr 14

Turnaround At Sierra Wireless

SWIR's new management is much more focused on profitability versus growth. Growth nevertheless didn't disappoint and is boosted by secular tailwinds from IoT and 5G, which are still in the early innings. Cost cutting has really helped, and there will be a good deal of operational leverage going forward which is likely to produce positive cash flow. Component shortages and pricing remain a constraint and a risk going forward while production capacity has been expanded. Much of the turnaround is already priced in; the shares are not a screaming buy.
Seeking Alpha • Jul 08

Why Sierra Wireless Is Due For A Dip

SWIR stock rallied after posting a first quarter revenue beat. Stock's fair value discussed. Profit-taking pressuring stock.

Análisis de la situación financiera

Pasivos a corto plazo: Los activos a corto plazo ($390.8M) de SWIR superan a sus pasivos a corto plazo ($221.7M).

Pasivo a largo plazo: Los activos a corto plazo de SWIR ($390.8M) superan a sus pasivos a largo plazo ($107.7M).

Historial y análisis de deuda-patrimonio

Nivel de deuda: SWIR tiene más efectivo que su deuda total.

Reducción de la deuda: El ratio deuda-patrimonio de SWIR ha crecido de 0% a 24.7% en los últimos 5 años.

Hoja de balance

Análisis de cash runway

En el caso de las empresas que de media han sido deficitarias en el pasado, evaluamos si tienen al menos 1 año de cash runway.

Cash runway estable: SWIR tiene suficiente cash runway para más de 3 años basándose en su flujo de caja libre actual.

Pronóstico de cash runway: Datos insuficientes para determinar si SWIR tiene suficiente cash runway en caso de que su flujo de caja libre siga creciendo o disminuyendo basado en tasas históricas.

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Análisis de la empresa y estado de los datos financieros

DatosÚltima actualización (huso horario UTC)
Análisis de la empresa2023/01/13 12:41
Precio de las acciones al final del día2023/01/12 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

Sierra Wireless, Inc. está cubierta por 28 analistas. 9 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
David TyermanATB Cormark Historical (Cormark Securities)
Amir RozwadowskiBarclays
Scott SearleBenchmark Company