Sierra Wireless, Inc.

NasdaqGS:SWIR Rapport sur les actions

Capitalisation boursière : 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.

Sierra Wireless Gestion

Gestion contrôle des critères 2/4

Le PDG Sierra Wireless est Phil Brace, nommé en Jul2021, a un mandat de 1.5 ans. La rémunération annuelle totale est $ 3.93M, composée du salaire de 6.5% et des bonus 93.5%, y compris les actions et options de la société. détient directement 0.068% des actions de la société, d'une valeur de $ 819.49K. La durée moyenne de mandat de l'équipe de direction et du conseil d'administration est respectivement 2 ans et 2.8 ans.

Informations clés

Phil Brace

Directeur général

US$3.9m

Rémunération totale

Pourcentage du salaire du PDG6.46%
Durée du mandat du directeur général1.5yrs
Propriété du PDG0.07%
Durée moyenne d'occupation des postes de direction2yrs
Durée moyenne du mandat des membres du conseil d'administration2.8yrs

Mises à jour récentes de la gestion

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.

Analyse de la rémunération des PDG

Comment la rémunération de Phil Brace a-t-elle évolué par rapport aux bénéfices de Sierra Wireless?
DateRémunération totaleSalaireBénéfices de l'entreprise
Sep 30 2022n/an/a

-US$25m

Jun 30 2022n/an/a

-US$53m

Mar 31 2022n/an/a

-US$74m

Dec 31 2021US$4mUS$254k

-US$89m

Rémunération vs marché: La rémunération totale de Phil ($USD 3.93M ) est dans la moyenne des entreprises de taille similaire sur le marché US ($USD 5.45M ).

Rémunération et revenus: Données insuffisantes pour comparer la rémunération de Phil avec les performances de l'entreprise.

PDG

Phil Brace (51 yo)

1.5yrs
Titularisation
US$3,926,749
Compensation

Mr. Philip Gordon Brace, also known as Phil, is President and Chief Executive Officer at Sierra Wireless, Inc. since July 26, 2021 and also serves as Director since August 2021. He had been Executive Vice...

Équipe de direction

NomPositionTitularisationCompensationPropriété
Philip Brace
President1.5yrsUS$3.93m0.068%
$ 819.5k
Samuel Cochrane
Chief Financial Officer2.7yrsUS$1.15m0.054%
$ 654.9k
Roy MacLean
Senior Vice President of Operations1.9yrsUS$532.56k0.035%
$ 429.7k
James Ryan
Senior VP of Product2.1yrsUS$666.40kpas de données
Pravinchandra Desale
Senior Vice President of Engineering1.2yrsUS$2.35m0.046%
$ 556.2k
David Climie
Vice President of Investor Relations8.8yrspas de donnéespas de données
Jennifer Farac
General Counsel & Corporate Secretary2.8yrspas de données0.00063%
$ 7.6k
Steve Harmon
Senior Vice President of Global Sales1.2yrsUS$1.77m0.042%
$ 504.0k
2.0yrs
Durée moyenne de l'emploi

Gestion expérimentée: L'équipe de direction de SWIR est considérée comme expérimentée (ancienneté moyenne 2 ans).

Membres du conseil d'administration

NomPositionTitularisationCompensationPropriété
Philip Brace
President1.4yrsUS$3.93m0.068%
$ 819.5k
Gregory Waters
Independent Director2.8yrsUS$181.57k0.17%
$ 2.1m
Martin McCourt
Independent Director2.7yrsUS$172.57k0.11%
$ 1.3m
Karima Bawa
Independent Director2.8yrsUS$176.87kpas de données
Lori O'Neill
Independent Director3.3yrsUS$186.37kpas de données
Thomas Sieber
Independent Director9yrsUS$181.57k0.19%
$ 2.3m
Russell Jones
Independent Chairman4.3yrsUS$187.37k0.077%
$ 929.9k
James Anderson
Independent Director2.8yrsUS$172.57k0.057%
$ 693.9k
Raj Talluri
Board Observer2.8yrspas de donnéespas de données
2.8yrs
Durée moyenne de l'emploi
58yo
Âge moyen

Conseil d'administration expérimenté: Le conseil d'administration de la SWIR n'est pas considéré comme expérimenté ( 2.8 années d'ancienneté moyenne), ce qui suggère un nouveau conseil d'administration.

Analyse de l'entreprise et données financières

DonnéesDernière mise à jour (heure UTC)
Analyse de l'entreprise2023/01/13 21:03
Cours de l'action en fin de journée2023/01/12 00:00
Les revenus2022/09/30
Revenus annuels2021/12/31

Sources de données

Les données utilisées dans notre analyse de l'entreprise proviennent de S&P Global Market Intelligence LLC. Les données suivantes sont utilisées dans notre modèle d'analyse pour générer ce rapport. Les données sont normalisées, ce qui peut entraîner un délai avant que la source ne soit disponible.

PaquetDonnéesCadre temporelExemple de source américaine *
Finances de l'entreprise10 ans
  • Compte de résultat
  • Tableau des flux de trésorerie
  • Bilan
Estimations consensuelles des analystes+3 ans
  • Prévisions financières
  • Objectifs de prix des analystes
Prix du marché30 ans
  • Cours des actions
  • Dividendes, scissions et actions
Propriété10 ans
  • Actionnaires principaux
  • Délits d'initiés
Gestion10 ans
  • L'équipe dirigeante
  • Conseil d'administration
Principaux développements10 ans
  • Annonces de l'entreprise

* Exemple pour les titres américains ; pour les titres non américains, des formulaires réglementaires et des sources équivalentes sont utilisés.

Sauf indication contraire, toutes les données financières sont basées sur une période annuelle mais mises à jour trimestriellement. C'est ce qu'on appelle les données des douze derniers mois (TTM) ou des douze derniers mois (LTM). En savoir plus.

Modèle d'analyse et flocon de neige

Les détails du modèle d’analyse utilisé pour générer ce rapport sont disponibles sur notre page Github; nous proposons également des guides expliquant comment utiliser nos rapports et des tutoriels sur Youtube.

Découvrez l'équipe de classe mondiale qui a conçu et construit le modèle d'analyse Simply Wall St.

Indicateurs de l'industrie et du secteur

Nos indicateurs de secteur et de section sont calculés toutes les 6 heures par Simply Wall St. Les détails de notre processus sont disponibles sur Github.

Sources des analystes

Sierra Wireless, Inc. est couverte par 28 analystes. 9 de ces analystes ont soumis les estimations de revenus ou de bénéfices utilisées comme données d'entrée dans notre rapport. Les soumissions des analystes sont mises à jour tout au long de la journée.

AnalysteInstitution
David TyermanATB Cormark Historical (Cormark Securities)
Amir RozwadowskiBarclays
Scott SearleBenchmark Company