NasdaqGS:AOSL

Stock Analysis Report

Alpha and Omega Semiconductor

Executive Summary

Alpha and Omega Semiconductor Limited designs, develops, and supplies power semiconductor products for computing, consumer electronics, communication, and industrial applications worldwide.

Snowflake

Reasonable growth potential with mediocre balance sheet.


Similar Companies

Share Price & News

How has Alpha and Omega Semiconductor's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: AOSL has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

1.7%

AOSL

0.09%

US Semiconductor

0.7%

US Market


1 Year Return

17.3%

AOSL

34.8%

US Semiconductor

12.9%

US Market

Return vs Industry: AOSL underperformed the US Semiconductor industry which returned 34.8% over the past year.

Return vs Market: AOSL exceeded the US Market which returned 12.9% over the past year.


Shareholder returns

AOSLIndustryMarket
7 Day1.7%0.09%0.7%
30 Day1.4%8.1%4.4%
90 Day5.4%16.3%7.0%
1 Year17.3%17.3%37.6%34.8%15.4%12.9%
3 Year-44.0%-44.0%88.0%77.4%49.1%39.5%
5 Year48.2%48.2%140.2%116.0%62.7%44.7%

Price Volatility Vs. Market

How volatile is Alpha and Omega Semiconductor's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Alpha and Omega Semiconductor undervalued compared to its fair value and its price relative to the market?

677.45x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate AOSL's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate AOSL's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: AOSL is poor value based on its PE Ratio (677.5x) compared to the Semiconductor industry average (30.7x).

PE vs Market: AOSL is poor value based on its PE Ratio (677.5x) compared to the US market (18.2x).


Price to Earnings Growth Ratio

PEG Ratio: AOSL is poor value based on its PEG Ratio (10.2x)


Price to Book Ratio

PB vs Industry: AOSL is good value based on its PB Ratio (1.1x) compared to the US Semiconductor industry average (2.9x).


Next Steps

Future Growth

How is Alpha and Omega Semiconductor forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?

66.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: AOSL's forecast earnings growth (66.1% per year) is above the savings rate (2.7%).

Earnings vs Market: AOSL's earnings (66.1% per year) are forecast to grow faster than the US market (14.4% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: AOSL's revenue (12.9% per year) is forecast to grow faster than the US market (7.3% per year).

High Growth Revenue: AOSL's revenue (12.9% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if AOSL's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Alpha and Omega Semiconductor performed over the past 5 years?

43.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: AOSL has a high level of non-cash earnings.

Growing Profit Margin: AOSL's current net profit margins (0.1%) are lower than last year (2.8%).


Past Earnings Growth Analysis

Earnings Trend: AOSL has become profitable over the past 5 years, growing earnings by 43% per year.

Accelerating Growth: AOSL's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: AOSL had negative earnings growth (-96.2%) over the past year, making it difficult to compare to the Semiconductor industry average (-11.6%).


Return on Equity

High ROE: AOSL's Return on Equity (-3.6%) is considered low.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Alpha and Omega Semiconductor's financial position?


Financial Position Analysis

Short Term Liabilities: AOSL's short term assets ($294.4M) exceeds its short term liabilities ($189.5M)

Long Term Liabilities: AOSL's short term assets (294.4M) exceeds its long term liabilities (122.9M)


Debt to Equity History and Analysis

Debt Level: AOSL's debt to equity ratio (19.5%) is considered satisfactory

Reducing Debt: AOSL's debt to equity ratio has increased from 2.7% to 19.5% over the past 5 years.

Debt Coverage: AOSL's debt is not well covered by operating cash flow (14.3%).

Interest Coverage: Insufficient data to determine if AOSL's interest payments on its debt are well covered by EBIT.


Balance Sheet

Inventory Level: AOSL has a high level of physical assets or inventory.

Debt Coverage by Assets: AOSL's debt is covered by short term assets (assets are 3.5x debt).


Next Steps

Dividend

What is Alpha and Omega Semiconductor's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%1.4%markettop25%3.6%industryaverage2.0%forecastin3Yearsn/a

Current dividend yield vs market & industry

Notable Dividend: Unable to evaluate AOSL's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate AOSL's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if AOSL's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if AOSL's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of AOSL's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

What is the CEO of Alpha and Omega Semiconductor's salary, the management and board of directors tenure and is there insider trading?

5.3yrs

Average management tenure


CEO

Mike Fushing Chang (74yo)

19.2yrs

Tenure

US$3,963,981

Compensation

Dr. Mike Fushing Chang, Ph.D. is the Founder of Alpha and Omega Semiconductor Limited. Dr. Chang has been the Chairman and Chief Executive Officer at Alpha and Omega Semiconductor Limited since September 2 ...


CEO Compensation Analysis

Compensation vs Market: Mike Fushing's total compensation ($USD3.96M) is above average for companies of similar size in the US market ($USD1.73M).

Compensation vs Earnings: Mike Fushing's compensation has been consistent with company performance over the past year.


Management Age and Tenure

5.3yrs

Average Tenure

59.5yo

Average Age

Experienced Management: AOSL's management team is seasoned and experienced (5.3 years average tenure).


Board Age and Tenure

6.2yrs

Average Tenure

67yo

Average Age

Experienced Board: AOSL's board of directors are considered experienced (6.2 years average tenure).


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

BuyUS$39,29621 Nov 18
Mike Fushing Chang
EntityIndividual
Role
Chief Executive Officer
Co-Founder
Shares3,930
Max PriceUS$10.00
BuyUS$149,99521 Nov 18
Michael Salameh
EntityIndividual
Role
Lead Director
Lead Independent Director
Shares14,465
Max PriceUS$10.37

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Management Team

  • Mike Fushing Chang (74yo)

    Co-Founder

    • Tenure: 19.2yrs
    • Compensation: US$3.96m
  • Yueh-Se Ho (67yo)

    Co-Founder

    • Tenure: 13.7yrs
    • Compensation: US$1.61m
  • Yifan Liang (55yo)

    CFO & Corporate Secretary

    • Tenure: 6yrs
    • Compensation: US$1.63m
  • Sik Lui

    Co-Founder & VP of Silicon Technology

    • Tenure: 4.7yrs
  • Daniel Chang (64yo)

    Senior Vice President of Strategic Business & World-wide Application Engineering

    • Tenure: 0yrs
    • Compensation: US$1.19m
  • So-Yeon Jeong

    Head of Investor Relations

    • Tenure: 0yrs
  • Stephen Chang (42yo)

    Senior Vice President of Marketing

    • Tenure: 2yrs
  • Bing Xue (55yo)

    Senior Vice President of Global Sales

    • Tenure: 0yrs

Board Members

  • Mike Salameh (64yo)

    Lead Independent Director

    • Tenure: 4.5yrs
    • Compensation: US$166.21k
  • King Owyang (73yo)

    Independent Director

    • Tenure: 6.6yrs
    • Compensation: US$146.71k
  • Mike Fushing Chang (74yo)

    Co-Founder

    • Tenure: 19.2yrs
    • Compensation: US$3.96m
  • Lucas Chang (64yo)

    Independent Director

    • Tenure: 3yrs
    • Compensation: US$136.71k
  • Michael Pfeiffer (67yo)

    Independent Director

    • Tenure: 5.8yrs
    • Compensation: US$149.21k
  • Claudia Chen

    Director

    • Tenure: 0yrs
  • Yueh-Se Ho (67yo)

    Co-Founder

    • Tenure: 13.7yrs
    • Compensation: US$1.61m

Company Information

Alpha and Omega Semiconductor Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Alpha and Omega Semiconductor Limited
  • Ticker: AOSL
  • Exchange: NasdaqGS
  • Founded: 2000
  • Industry: Semiconductors
  • Sector: Semiconductors
  • Market Cap: US$311.577m
  • Shares outstanding: 24.55m
  • Website: https://www.aosmd.com

Number of Employees


Location

  • Alpha and Omega Semiconductor Limited
  • 475 Oakmead Parkway
  • Sunnyvale
  • California
  • 94085
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
AOSLNasdaqGS (Nasdaq Global Select)YesCommon StockUSUSDApr 2010
AOYDB (Deutsche Boerse AG)YesCommon StockDEEURApr 2010

Biography

Alpha and Omega Semiconductor Limited designs, develops, and supplies power semiconductor products for computing, consumer electronics, communication, and industrial applications worldwide. The company off ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/11/17 00:03
End of Day Share Price2019/11/15 00:00
Earnings2019/09/30
Annual Earnings2019/06/30


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.