NasdaqGS:CRUS

Stock Analysis Report

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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


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

CRUSIndustryMarket
7 Day-7.3%-5.1%-3.6%
30 Day-12.7%5.3%2.7%
90 Day2.1%13.1%7.5%
1 Year19.1%19.1%74.3%71.4%39.5%36.5%
3 Year87.6%87.6%109.8%99.0%53.5%43.6%
5 Year125.0%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

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

NamePositionTenureCompensationOwnership
John Forsyth
CEO, President & Director0.083yrUS$3.12m0.0035%
$ 168.0k
Thurman Case
VP of Finance14yrsUS$1.65m0.015%
$ 696.8k
Gregory Thomas
Senior VP17.17yrsUS$1.59m0.023%
$ 1.1m
Carl Alberty
Vice President of Mixed-Signal Productsno dataUS$1.91m0.038%
$ 1.8m
Chelsea Heffernan
Director of Investor Relationsno datano datano data
Andrew Brannan
Vice President of Worldwide Salesno dataUS$1.05m0.0074%
$ 350.8k
Jo-Dee Benson
VP & Chief Culture Officer9.58yrsUS$1.10m0.019%
$ 923.8k
Scott Anderson
Senior Vice President of Supply Chain13.33yrsUS$1.34m0.017%
$ 802.2k
Jonanna Mikulenka
Corporate Controllerno datano datano data
Amy Garrett
Financial Reporting Managerno datano datano data
Michael Barrett
In-House Attorney of Legal Departmentno datano datano 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

NamePositionTenureCompensationOwnership
John Forsyth
CEO, President & Director0.083yrUS$3.12m0.0035%
$ 168.0k
Deirdre Hanford
Independent Director2.17yrsUS$184.35k0.0086%
$ 406.3k
Alexander Davern
Independent Director5.92yrsUS$286.70k0.033%
$ 1.6m
Timothy Dehne
Independent Director12.08yrsUS$292.49k0.029%
$ 1.4m
Catherine Lego
Independent Director0.83yrno data0.0065%
$ 307.1k
Alan Schuele
Independent Director9.58yrsUS$329.99k0.040%
$ 1.9m
John Carter
Independent Director12.08yrsUS$267.49k0.025%
$ 1.2m
David Tupman
Independent Chair of the Board of Directors0.083yrUS$272.49k0.029%
$ 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

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
CRUS *BMV (Bolsa Mexicana de Valores)YesCommon StockMXMXNJun 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 Analysis2021/02/28 23:58
End of Day Share Price2021/02/26 00:00
Earnings2020/12/26
Annual Earnings2020/03/28


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.