NasdaqGS:CRUS

Stock Analysis Report

Executive Summary

Cirrus Logic, Inc., a fabless semiconductor company, develops, manufactures, and markets analog and mixed-signal integrated circuits (ICs) in the United States and internationally.

Snowflake

Fundamentals

Flawless balance sheet and overvalued.

Risks

  • Cirrus Logic has significant price volatility in the past 3 months.

Similar Companies

Share Price & News

How has Cirrus Logic's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-0.6%

NasdaqGS:CRUS

0.4%

US Semiconductor

0.8%

US Market


1 Year Return

39.3%

NasdaqGS:CRUS

10.7%

US Semiconductor

1.9%

US Market

CRUS outperformed the Semiconductor industry which returned 11.3% over the past year.

CRUS outperformed the Market in United States of America which returned 2.1% over the past year.


Share holder returns

CRUSIndustryMarket
7 Day-0.6%0.4%0.8%
30 Day-0.4%7.8%3.4%
90 Day31.8%12.6%2.1%
1 Year39.3%39.3%12.7%10.7%4.2%1.9%
3 Year-2.6%-2.6%84.2%73.5%46.7%37.2%
5 Year149.6%149.6%124.2%101.4%62.3%44.5%

Price Volatility Vs. Market

How volatile is Cirrus Logic's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Cirrus Logic undervalued based on future cash flows and its price relative to the stock market?

32.63x

Price to Earnings (PE) ratio


Intrinsic Value Based on Future Cash Flows

Cirrus Logic's share price is above the future cash flow value, it's not available at a moderate discount (< 20%).

Cirrus Logic's share price is above the future cash flow value, it's not available at a substantial discount (< 40%).


Price Based on Earnings

Cirrus Logic is overvalued based on earnings compared to the US Semiconductor industry average.

Cirrus Logic is overvalued based on earnings compared to the United States of America market.


Price Based on Expected Growth

Cirrus Logic is poor value based on expected growth next year.


Price Based on Value of Assets

Cirrus Logic is good value based on assets compared to the US Semiconductor industry average.


Next Steps

Future Growth

How is Cirrus Logic expected to perform in the next 1 to 3 years based on estimates from 10 analysts?

5.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Cirrus Logic's revenue is expected to grow by 3.8% yearly, however this is not considered high growth (20% yearly).

Cirrus Logic's earnings are expected to grow by 5.7% yearly, however this is not considered high growth (20% yearly).

Cirrus Logic's revenue growth is positive but not above the United States of America market average.

Cirrus Logic's earnings growth is positive but not above the United States of America market average.

Cirrus Logic's earnings growth is expected to exceed the low risk savings rate of 2.7%.


Earnings per Share Growth Estimates


Future Return on Equity

Unable to establish if Cirrus Logic will efficiently use shareholders’ funds in the future without estimates of Return on Equity.


Next Steps

Past Performance

How has Cirrus Logic performed over the past 5 years?

9.5%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Cirrus Logic's year on year earnings growth rate has been positive over the past 5 years, however the most recent earnings are below average.

Cirrus Logic's 1-year earnings growth is negative, it can't be compared to the 5-year average.

Cirrus Logic's 1-year earnings growth is negative, it can't be compared to the US Semiconductor industry average.


Return on Equity

Cirrus Logic has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

Cirrus Logic used its assets less efficiently than the US Semiconductor industry average last year based on Return on Assets.


Return on Capital Employed

Cirrus Logic's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).


Next Steps

Financial Health

How is Cirrus Logic's financial position?


Financial Position Analysis

Cirrus Logic is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.

Cirrus Logic's cash and other short term assets cover its long term commitments.


Debt to Equity History and Analysis

Cirrus Logic has no debt.

Cirrus Logic has no debt compared to 5 years ago when it was 0.8%.

Cirrus Logic has no debt, it does not need to be covered by operating cash flow.

Cirrus Logic has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet

High level of physical assets or inventory.

Cirrus Logic has no debt, it does not need to be covered by short term assets.


Next Steps

Dividend

What is Cirrus Logic's current dividend yield, its reliability and sustainability?


Dividend Yield and Payments Analysis

Unable to evaluate Cirrus Logic's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.

Unable to evaluate Cirrus Logic's dividend against the top 25% market benchmark as the company has not reported any payouts.

Unable to perform a dividend volatility check as Cirrus Logic has not reported any payouts.

Unable to verify if Cirrus Logic's dividend has been increasing as the company has not reported any payouts.


Current Payout to Shareholders

Unable to calculate sustainability of dividends as Cirrus Logic has not reported any payouts.


Future Payout to Shareholders

No need to calculate the sustainability of Cirrus Logic's dividends in 3 years as they are not expected to pay a notable one for United States of America.


Next Steps

Management

What is the CEO of Cirrus Logic's salary, the management and board of directors tenure and is there insider trading?

11.9yrs

Average management tenure


CEO

Jason Rhode (49yo)

12.3yrs

Tenure

US$4,911,321

Compensation

Dr. Jason P. Rhode, Ph.D. has been the Chief Executive Officer and President of Cirrus Logic Inc. (also known as Cirrus Logic K.K.) since May 17, 2007. Dr. Rhode served as a Vice President and General Mana ...


CEO Compensation Analysis

Jason's remuneration is about average for companies of similar size in United States of America.

Jason's compensation has been consistent with company performance over the past year, both up more than 20%.


Management Age and Tenure

11.9yrs

Average Tenure

56yo

Average Age

The average tenure for the Cirrus Logic management team is over 5 years, this suggests they are a seasoned and experienced team.


Board Age and Tenure

7.1yrs

Average Tenure

56yo

Average Age

The tenure for the Cirrus Logic board of directors is about average.


Insider Trading

Cirrus Logic individual insiders have only sold shares in the past 3 months.


Recent Insider Transactions

SellUS$380,58121 Aug 19
Scott Anderson
EntityIndividual
Role
Senior Key Executive
Senior Vice President of Supply Chain
Shares6,966
Max PriceUS$54.63
SellUS$243,60908 Aug 19
Timothy Dehne
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares4,583
Max PriceUS$53.15
SellUS$342,15708 Aug 19
Brad Fluke
EntityIndividual
Shares6,500
Max PriceUS$52.64
SellUS$391,62408 Aug 19
John Carter
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares7,473
Max PriceUS$52.41
SellUS$274,86920 Feb 19
Scott Anderson
EntityIndividual
Role
Senior Key Executive
Senior Vice President of Supply Chain
Shares6,966
Max PriceUS$39.46
SellUS$118,33406 Feb 19
Timothy Dehne
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares3,056
Max PriceUS$38.72
SellUS$405,98906 Feb 19
Randy Carlson
EntityIndividual
Shares10,848
Max PriceUS$37.43

Ownership Breakdown


Management Team

  • Scott Anderson (65yo)

    Senior Vice President of Supply Chain

    • Tenure: 11.9yrs
    • Compensation: US$1.34m
  • Gregory Thomas (53yo)

    Senior VP

    • Tenure: 15.8yrs
    • Compensation: US$1.14m
  • Jason Rhode (49yo)

    President

    • Tenure: 12.3yrs
    • Compensation: US$4.91m
  • Thurman Case (62yo)

    VP of Finance

    • Tenure: 12.6yrs
    • Compensation: US$1.15m
  • Jo-Dee Benson (59yo)

    VP & Chief Culture Officer

    • Tenure: 8.2yrs
    • Compensation: US$1.10m
  • Andy Brannan (52yo)

    Vice President of Worldwide Sales

    • Tenure: 0yrs
    • Compensation: US$1.05m
  • Chelsea Heffernan

    Director of Investor Relations

    • Tenure: 0yrs
  • Roy Kaller

    Vice President of Corporate Technology

    • Tenure: 4.1yrs
  • John Forsyth

    Chief Strategy Officer

    • Tenure: 1.7yrs
  • Jonanna Mikulenka

    Corporate Controller

    • Tenure: 0yrs

Board Members

  • Deirdre Hanford (56yo)

    Independent Director

    • Tenure: 0.8yrs
    • Compensation: US$253.93k
  • Alex Davern (52yo)

    Independent Director

    • Tenure: 4.5yrs
    • Compensation: US$287.91k
  • Tim Dehne (53yo)

    Independent Director

    • Tenure: 10.7yrs
    • Compensation: US$288.36k
  • Al Schuele (73yo)

    Chairman

    • Tenure: 7.1yrs
    • Compensation: US$329.97k
  • Jason Rhode (49yo)

    President

    • Tenure: 12.3yrs
    • Compensation: US$4.91m
  • John Carter (64yo)

    Independent Director

    • Tenure: 10.7yrs
    • Compensation: US$267.47k
  • David Tupman (56yo)

    Independent Director

    • Tenure: 4.2yrs
    • Compensation: US$265.79k

Company Information

Cirrus Logic, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Cirrus Logic, Inc.
  • Ticker: CRUS
  • Exchange: NasdaqGS
  • Founded: 1984
  • Industry: Semiconductors
  • Sector: Semiconductors
  • Market Cap: US$3.159b
  • Shares outstanding: 58.14m
  • Website: https://www.cirrus.com

Number of Employees


Location

  • Cirrus Logic, Inc.
  • 800 West 6th Street
  • Austin
  • Texas
  • 78701
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
CRUSNasdaqGS (Nasdaq Global Select)YesCommon StockUSUSDJun 1989
CRUDB (Deutsche Boerse AG)YesCommon StockDEEURJun 1989
0HYILSE (London Stock Exchange)YesCommon StockGBUSDJun 1989

Biography

Cirrus Logic, Inc., a fabless semiconductor company, develops, manufactures, and markets analog and mixed-signal integrated circuits (ICs) in the United States and internationally. It offers portable produ ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/09/17 23:37
End of Day Share Price2019/09/17 00:00
Earnings2019/06/29
Annual Earnings2019/03/30


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.