Cirrus Logic
Market Cap
US$4.7b
Last Updated
2021/02/28 23:58 UTC
Data Sources
Company Financials +
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. More Details
Rewards
PE ratio (23.6x) is below the Semiconductor industry average (38.3x)
Risk Analysis
CRUS passed our risk checks.
Snowflake Analysis
Flawless balance sheet with proven track record.
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
Stable Share Price: CRUS is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 5% a week.
Volatility Over Time: CRUS's weekly volatility (5%) has been stable over the past year.
Market Performance
7 Day Return
-7.3%
CRUS
-5.1%
US Semiconductor
-3.6%
US Market
1 Year Return
19.1%
CRUS
71.4%
US Semiconductor
36.5%
US Market
Return vs Industry: CRUS underperformed the US Semiconductor industry which returned 71.4% over the past year.
Return vs Market: CRUS underperformed the US Market which returned 36.4% over the past year.
Shareholder returns
| CRUS | Industry | Market | |
|---|---|---|---|
| 7 Day | -7.3% | -5.1% | -3.6% |
| 30 Day | -12.7% | 5.3% | 2.7% |
| 90 Day | 2.1% | 13.1% | 7.5% |
| 1 Year | 19.1%19.1% | 74.3%71.4% | 39.5%36.5% |
| 3 Year | 87.6%87.6% | 109.8%99.0% | 53.5%43.6% |
| 5 Year | 125.0%125.0% | 331.3%289.9% | 117.5%93.2% |
Long-Term 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
1 day ago | Simply Wall St
I Ran A Stock Scan For Earnings Growth And Cirrus Logic (NASDAQ:CRUS) Passed With Ease2 weeks ago | Simply Wall St
Need To Know: Cirrus Logic, Inc. (NASDAQ:CRUS) Insiders Have Been Selling Shares3 weeks ago | Simply Wall St
Do Institutions Own Cirrus Logic, Inc. (NASDAQ:CRUS) Shares?Valuation
Is Cirrus Logic undervalued compared to its fair value and its price relative to the market?
23.56x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: CRUS ($81.78) is trading above our estimate of fair value ($66.41)
Significantly Below Fair Value: CRUS is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: CRUS is good value based on its PE Ratio (23.6x) compared to the US Semiconductor industry average (38.3x).
PE vs Market: CRUS is poor value based on its PE Ratio (23.6x) compared to the US market (21.3x).
Price to Earnings Growth Ratio
PEG Ratio: CRUS is poor value based on its PEG Ratio (2.2x)
Price to Book Ratio
PB vs Industry: CRUS is good value based on its PB Ratio (3.4x) compared to the US Semiconductor industry average (4.8x).
Next Steps
Future Growth
How is Cirrus Logic forecast to perform in the next 1 to 3 years based on estimates from 10 analysts?
10.5%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: CRUS's forecast earnings growth (10.5% per year) is above the savings rate (2%).
Earnings vs Market: CRUS's earnings (10.5% per year) are forecast to grow slower than the US market (20.1% per year).
High Growth Earnings: CRUS's earnings are forecast to grow, but not significantly.
Revenue vs Market: CRUS's revenue (6.9% per year) is forecast to grow slower than the US market (10.4% per year).
High Growth Revenue: CRUS's revenue (6.9% 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 CRUS's Return on Equity is forecast to be high in 3 years time
Next Steps
Past Performance
How has Cirrus Logic performed over the past 5 years?
-4.0%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: CRUS has high quality earnings.
Growing Profit Margin: CRUS's current net profit margins (14.9%) are higher than last year (12.5%).
Past Earnings Growth Analysis
Earnings Trend: CRUS's earnings have declined by 4% per year over the past 5 years.
Accelerating Growth: CRUS's earnings growth over the past year (30.4%) exceeds its 5-year average (-4% per year).
Earnings vs Industry: CRUS earnings growth over the past year (30.4%) exceeded the Semiconductor industry 18.2%.
Return on Equity
High ROE: CRUS's Return on Equity (14.4%) is considered low.
Next Steps
Financial Health
How is Cirrus Logic's financial position?
Financial Position Analysis
Short Term Liabilities: CRUS's short term assets ($803.5M) exceed its short term liabilities ($184.9M).
Long Term Liabilities: CRUS's short term assets ($803.5M) exceed its long term liabilities ($240.4M).
Debt to Equity History and Analysis
Debt Level: CRUS is debt free.
Reducing Debt: CRUS has no debt compared to 5 years ago when its debt to equity ratio was 18.7%.
Debt Coverage: CRUS has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: CRUS has no debt, therefore coverage of interest payments is not a concern.
Balance Sheet
Next Steps
Dividend
What is Cirrus Logic current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate CRUS's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate CRUS's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if CRUS's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if CRUS'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 CRUS's dividend in 3 years as they are not forecast to pay a notable one for the US market.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
13.3yrs
Average management tenure
CEO
John Forsyth (46 yo)
0.083
Tenure
US$3,122,983
Compensation
Mr. John M. Forsyth serves as President of Cirrus Logic, Inc. since January 27, 2020 and has been its Chief Executive Officer and Director since January 1, 2021. Mr. Forsyth served as Chief Strategy Office...
CEO Compensation Analysis
Compensation vs Market: John's total compensation ($USD3.12M) is below average for companies of similar size in the US market ($USD4.98M).
Compensation vs Earnings: Insufficient data to compare John's compensation with company performance.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO, President & Director | 0.083yr | US$3.12m | 0.0035% $ 168.0k | |
| VP of Finance | 14yrs | US$1.65m | 0.015% $ 696.8k | |
| Senior VP | 17.17yrs | US$1.59m | 0.023% $ 1.1m | |
| Vice President of Mixed-Signal Products | no data | US$1.91m | 0.038% $ 1.8m | |
| Director of Investor Relations | no data | no data | no data | |
| Vice President of Worldwide Sales | no data | US$1.05m | 0.0074% $ 350.8k | |
| VP & Chief Culture Officer | 9.58yrs | US$1.10m | 0.019% $ 923.8k | |
| Senior Vice President of Supply Chain | 13.33yrs | US$1.34m | 0.017% $ 802.2k | |
| Corporate Controller | no data | no data | no data | |
| Financial Reporting Manager | no data | no data | no data | |
| In-House Attorney of Legal Department | no data | no data | no data |
13.3yrs
Average Tenure
57yo
Average Age
Experienced Management: CRUS's management team is seasoned and experienced (13.3 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO, President & Director | 0.083yr | US$3.12m | 0.0035% $ 168.0k | |
| Independent Director | 2.17yrs | US$184.35k | 0.0086% $ 406.3k | |
| Independent Director | 5.92yrs | US$286.70k | 0.033% $ 1.6m | |
| Independent Director | 12.08yrs | US$292.49k | 0.029% $ 1.4m | |
| Independent Director | 0.83yr | no data | 0.0065% $ 307.1k | |
| Independent Director | 9.58yrs | US$329.99k | 0.040% $ 1.9m | |
| Independent Director | 12.08yrs | US$267.49k | 0.025% $ 1.2m | |
| Independent Chair of the Board of Directors | 0.083yr | US$272.49k | 0.029% $ 1.4m |
4.0yrs
Average Tenure
57yo
Average Age
Experienced Board: CRUS's board of directors are considered experienced (4 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: CRUS insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
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$4.747b
- Shares outstanding: 58.05m
- Website: https://www.cirrus.com
Number of Employees
Location
- Cirrus Logic, Inc.
- 800 West 6th Street
- Austin
- Texas
- 78701
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| CRUS | NasdaqGS (Nasdaq Global Select) | Yes | Common Stock | US | USD | Jun 1989 |
| CRU | DB (Deutsche Boerse AG) | Yes | Common Stock | DE | EUR | Jun 1989 |
| 0HYI | LSE (London Stock Exchange) | Yes | Common Stock | GB | USD | Jun 1989 |
| CRUS * | BMV (Bolsa Mexicana de Valores) | Yes | Common Stock | MX | MXN | Jun 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
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/02/28 23:58 |
| End of Day Share Price | 2021/02/26 00:00 |
| Earnings | 2020/12/26 |
| Annual Earnings | 2020/03/28 |
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.