Sierra Wireless, Inc.

NasdaqGS:SWIR 株式レポート

時価総額：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 マネジメント

マネジメント 基準チェック /24

Sierra Wirelessの CEO はPhil Braceで、 Jul2021年に任命され、 の在任期間は 1.5年です。 の年間総報酬は$ 3.93Mで、 6.5%給与と93.5%のボーナス（会社の株式とオプションを含む）で構成されています。 は、会社の株式の0.068%を直接所有しており、その価値は$ 819.49K 。経営陣と取締役会の平均在任期間はそれぞれ2年と2.8年です。

主要情報

Phil Brace

最高経営責任者

US$3.9m

報酬総額

CEO給与比率6.46%
CEO在任期間1.5yrs
CEOの所有権0.07%
経営陣の平均在職期間2yrs
取締役会の平均在任期間2.8yrs

経営陣の近況

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.

CEO報酬分析

Sierra Wireless の収益と比較して、Phil Brace の報酬はどのように変化したか？
日付総報酬給与会社業績
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

報酬と市場: Philの 総報酬 ($USD 3.93M ) は、 US市場 ($USD 5.34M ) の同様の規模の企業の平均とほぼ同じです。

報酬と収益: Philの報酬と会社の業績を比較するにはデータが不十分です。

CEO

Phil Brace (51 yo)

1.5yrs
在職期間
US$3,926,749
報酬

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...

リーダーシップ・チーム

名称ポジション在職期間報酬所有権
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$666.40kデータなし
Pravinchandra Desale
Senior Vice President of Engineering1.2yrsUS$2.35m0.046%
$ 556.2k
David Climie
Vice President of Investor Relations8.8yrsデータなしデータなし
Jennifer Farac
General Counsel & Corporate Secretary2.8yrsデータなし0.00063%
$ 7.6k
Steve Harmon
Senior Vice President of Global Sales1.2yrsUS$1.77m0.042%
$ 504.0k
2.0yrs
平均在職期間

経験豊富な経営陣: SWIRの経営陣は 経験豊富 であると考えられます ( 2年の平均在職年数)。

取締役

名称ポジション在職期間報酬所有権
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$176.87kデータなし
Lori O'Neill
Independent Director3.3yrsUS$186.37kデータなし
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 Observer2.8yrsデータなしデータなし
2.8yrs
平均在職期間
58yo
平均年齢

経験豊富なボード: SWIRの 取締役会 は 経験豊富 ではない ( 2.8年の平均在任期間) ため、新しい取締役会が必要であると考えられます。

企業分析と財務データの現状

データ最終更新日（UTC時間）
企業分析2023/01/13 21:30
終値2023/01/12 00:00
収益2022/09/30
年間収益2021/12/31

データソース

企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。

パッケージデータタイムフレーム米国ソース例
会社財務10年
  • 損益計算書
  • キャッシュ・フロー計算書
  • 貸借対照表
アナリストのコンセンサス予想+プラス3年
  • 予想財務
  • アナリストの目標株価
市場価格30年
  • 株価
  • 配当、分割、措置
所有権10年
  • トップ株主
  • インサイダー取引
マネジメント10年
  • リーダーシップ・チーム
  • 取締役会
主な進展10年
  • 会社からのお知らせ

* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。

特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。

分析モデルとスノーフレーク

本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。

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業界およびセクターの指標

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アナリスト筋

Sierra Wireless, Inc. 9 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。28

アナリスト機関
David TyermanATB Cormark Historical (Cormark Securities)
Amir RozwadowskiBarclays
Scott SearleBenchmark Company