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Cypress Semiconductor

Nasdaq:CY
Snowflake Description

Excellent balance sheet with moderate growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
CY
Nasdaq
$5B
Market Cap
  1. Home
  2. US
  3. Semiconductors
Company description

Cypress Semiconductor Corporation designs, develops, manufactures, markets, and sells embedded system solutions worldwide. The last earnings update was 24 days ago. More info.


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CY Share Price and Events
7 Day Returns
10.2%
NasdaqGS:CY
-4.3%
US Semiconductor
-3.4%
US Market
1 Year Returns
-18%
NasdaqGS:CY
-6.5%
US Semiconductor
10%
US Market
CY Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Cypress Semiconductor (CY) 10.2% 5.9% -15.8% -18% 38.6% 44%
US Semiconductor -4.3% -2.3% -8.8% -6.5% 152% 284.1%
US Market -3.4% -0.6% -4.3% 10% 55.8% 96.7%
1 Year Return vs Industry and Market
  • CY underperformed the Semiconductor industry which returned -6.5% over the past year.
  • CY underperformed the Market in United States of America which returned 10% over the past year.
Price Volatility
CY
Industry
5yr Volatility vs Market
Related Companies

CY Value

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

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Cypress Semiconductor to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Cypress Semiconductor.

NasdaqGS:CY Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 16 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 12.5%
Perpetual Growth Rate 10-Year US Government Bond Rate 3%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NasdaqGS:CY
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 3%
Equity Risk Premium S&P Global 7.1%
Semiconductor Unlevered Beta Simply Wall St/ S&P Global 1.19
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.192 (1 + (1- 21%) (17.32%))
1.355
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.35
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.95% + (1.355 * 7.05%)
12.5%

Discounted Cash Flow Calculation for NasdaqGS:CY using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Cypress Semiconductor is arrived at by discounting future cash flows to their present value using the 2 stage method. We use analyst's estimates of cash flows going forward 5 years for the 1st stage, the 2nd stage assumes the company grows at a stable rate into perpetuity.

NasdaqGS:CY DCF 1st Stage: Next 5 year cash flow forecast
2019 2020 2021 2022 2023
Levered FCF (USD, Millions) 362.78 549.90 648.88 759.19 880.66
Source Analyst x5 Analyst x2 Est @ 18%, capped from 27.97% Est @ 17%, capped from 27.97% Est @ 16%, capped from 27.97%
Present Value
Discounted (@ 12.5%)
322.47 434.49 455.74 473.97 488.72
Present value of next 5 years cash flows $2,175.39
NasdaqGS:CY DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2023 × (1 + g) ÷ (Discount Rate – g)
= $880.66 × (1 + 2.95%) ÷ (12.5% – 2.95%)
$9,494.18
Present Value of Terminal Value = Terminal Value ÷ (1 + r)5
= $9,494.18 ÷ (1 + 12.5%)5
$5,268.72
NasdaqGS:CY Total Equity Value
Calculation Result
Total Equity Value = Present value of next 5 years cash flows + Terminal Value
= $2,175.39 + $5,268.72
$7,444.11
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $7,444.11 / 361.95
$20.57
NasdaqGS:CY Discount to Share Price
Calculation Result
Value per share (USD) From above. $20.57
Current discount Discount to share price of $14.00
= -1 x ($14.00 - $20.57) / $20.57
31.9%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Cypress Semiconductor is available for.
Intrinsic value
32%
Share price is $14 vs Future cash flow value of $20.57
Current Discount Checks
For Cypress Semiconductor to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Cypress Semiconductor's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Cypress Semiconductor's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Cypress Semiconductor's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Cypress Semiconductor's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqGS:CY PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-09-30) in USD $0.15
NasdaqGS:CY Share Price ** NasdaqGS (2018-11-16) in USD $14
United States of America Semiconductor Industry PE Ratio Median Figure of 67 Publicly-Listed Semiconductor Companies 17.53x
United States of America Market PE Ratio Median Figure of 2,977 Publicly-Listed Companies 17.93x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Cypress Semiconductor.

NasdaqGS:CY PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGS:CY Share Price ÷ EPS (both in USD)

= 14 ÷ 0.15

92.97x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Cypress Semiconductor is overvalued based on earnings compared to the US Semiconductor industry average.
  • Cypress Semiconductor is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does Cypress Semiconductor's expected growth come at a high price?
Raw Data
NasdaqGS:CY PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 92.97x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 16 Analysts
16.6%per year
United States of America Semiconductor Industry PEG Ratio Median Figure of 62 Publicly-Listed Semiconductor Companies 1x
United States of America Market PEG Ratio Median Figure of 2,096 Publicly-Listed Companies 1.24x

*Line of best fit is calculated by linear regression .

NasdaqGS:CY PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 92.97x ÷ 16.6%

5.59x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Cypress Semiconductor is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Cypress Semiconductor's assets?
Raw Data
NasdaqGS:CY PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-09-30) in USD $5.21
NasdaqGS:CY Share Price * NasdaqGS (2018-11-16) in USD $14
United States of America Semiconductor Industry PB Ratio Median Figure of 103 Publicly-Listed Semiconductor Companies 2.3x
United States of America Market PB Ratio Median Figure of 4,980 Publicly-Listed Companies 1.85x
NasdaqGS:CY PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGS:CY Share Price ÷ Book Value per Share (both in USD)

= 14 ÷ 5.21

2.69x

* Primary Listing of Cypress Semiconductor.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Cypress Semiconductor is overvalued based on assets compared to the US Semiconductor industry average.
X
Value checks
We assess Cypress Semiconductor's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Semiconductor industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Semiconductor industry average (and greater than 0)? (1 check)
  5. Cypress Semiconductor has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

CY Future Performance

 How is Cypress Semiconductor expected to perform in the next 1 to 3 years based on estimates from 16 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
16.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Cypress Semiconductor expected to grow at an attractive rate?
  • Cypress Semiconductor's earnings growth is expected to exceed the low risk savings rate of 3%.
Growth vs Market Checks
  • Cypress Semiconductor's earnings growth is expected to exceed the United States of America market average.
  • Cypress Semiconductor's revenues are expected to decrease over the next 1-3 years, this is below the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NasdaqGS:CY Future Growth Rates Data Sources
Data Point Source Value (per year)
NasdaqGS:CY Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 16 Analysts 16.6%
NasdaqGS:CY Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 16 Analysts -1.6%
United States of America Semiconductor Industry Earnings Growth Rate Market Cap Weighted Average 7.3%
United States of America Semiconductor Industry Revenue Growth Rate Market Cap Weighted Average 6.2%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14.3%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.3%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NasdaqGS:CY Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 16 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqGS:CY Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-12-31 2,480 640 112 4
2019-12-31 2,366 495 163 16
2018-12-31 2,479 457 129 16
NasdaqGS:CY Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-09-30 2,477 531 53
2018-07-01 2,408 488 16
2018-04-01 2,378 409 -29
2017-12-31 2,328 403 -81
2017-10-01 2,260 292 -116
2017-07-02 2,180 253 -120
2017-04-02 2,036 229 -622
2017-01-01 1,923 217 -683
2016-10-02 1,843 170 -686
2016-07-03 1,783 84 -665
2016-04-03 1,818 10 -236
2016-01-03 1,608 9 -365

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Cypress Semiconductor's earnings are expected to grow by 16.6% yearly, however this is not considered high growth (20% yearly).
  • Cypress Semiconductor's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NasdaqGS:CY Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 16 Analyst Estimates (S&P Global) See Below

All data from Cypress Semiconductor Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:CY Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-12-31 0.29 0.29 0.29 1.00
2019-12-31 0.35 0.55 0.18 6.00
2018-12-31 0.32 0.34 0.25 7.00
NasdaqGS:CY Past Financials Data
Date (Data in USD Millions) EPS *
2018-09-30 0.15
2018-07-01 0.05
2018-04-01 -0.08
2017-12-31 -0.24
2017-10-01 -0.35
2017-07-02 -0.37
2017-04-02 -1.94
2017-01-01 -2.14
2016-10-02 -2.12
2016-07-03 -2.03
2016-04-03 -0.71
2016-01-03 -1.21

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Cypress Semiconductor is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).
X
Future performance checks
We assess Cypress Semiconductor's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Cypress Semiconductor has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

CY Past Performance

  How has Cypress Semiconductor performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Cypress Semiconductor's growth in the last year to its industry (Semiconductor).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Cypress Semiconductor's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.
  • Cypress Semiconductor has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.
  • Cypress Semiconductor has become profitable in the last year making it difficult to compare the US Semiconductor industry average.
Earnings and Revenue History
Cypress Semiconductor's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Cypress Semiconductor Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:CY Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-09-30 2,476.91 53.47 300.99 372.14
2018-07-01 2,408.45 15.79 296.05 371.38
2018-04-01 2,378.14 -28.84 303.79 362.96
2017-12-31 2,327.77 -80.92 303.65 357.02
2017-10-01 2,260.40 -116.25 322.37 357.28
2017-07-02 2,179.67 -119.86 327.89 362.27
2017-04-02 2,036.02 -622.21 310.51 344.20
2017-01-01 1,923.11 -683.23 303.66 331.18
2016-10-02 1,843.06 -686.21 303.26 313.23
2016-07-03 1,783.03 -665.31 322.76 294.74
2016-04-03 1,817.68 -236.09 310.21 304.84
2016-01-03 1,607.85 -365.29 320.23 274.81
2015-09-27 1,341.82 -303.03 261.69 246.90
2015-06-28 1,065.53 -320.51 202.20 208.61
2015-03-29 764.35 -220.93 178.20 169.27
2014-12-28 725.50 17.94 170.74 164.56
2014-09-28 709.18 0.22 161.42 165.87
2014-06-29 710.38 -21.45 165.94 177.67
2014-03-30 720.25 -27.70 173.67 187.76
2013-12-29 722.69 -48.24 181.05 189.55
2013-09-29 735.20 -56.25 181.96 192.94
2013-06-30 749.49 -33.09 179.53 189.41
2013-03-31 757.33 -31.39 181.28 186.35
2012-12-30 769.69 -23.44 199.53 187.19
2012-09-30 831.78 31.51 208.18 189.38
2012-07-01 893.51 57.16 220.17 188.74
2012-04-01 947.18 93.01 226.92 190.07
2012-01-01 995.20 167.84 225.03 189.97

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Cypress Semiconductor has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Cypress Semiconductor used its assets less efficiently than the US Semiconductor industry average last year based on Return on Assets.
  • Cypress Semiconductor's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Cypress Semiconductor's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Semiconductor industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Cypress Semiconductor has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

CY Health

 How is Cypress Semiconductor's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Cypress Semiconductor's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Cypress Semiconductor is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Cypress Semiconductor's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Cypress Semiconductor's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 1.2x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Cypress Semiconductor Company Filings, last reported 1 month ago.

NasdaqGS:CY Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-09-30 1,886.49 877.49 204.75
2018-07-01 1,858.97 890.46 112.72
2018-04-01 1,828.81 947.99 106.75
2017-12-31 1,817.59 983.82 151.60
2017-10-01 1,848.31 1,131.18 131.56
2017-07-02 1,844.99 1,198.85 108.77
2017-04-02 1,859.29 1,201.74 121.50
2017-01-01 1,892.75 1,225.13 120.17
2016-10-02 1,973.42 1,222.06 87.65
2016-07-03 1,963.05 833.80 189.30
2016-04-03 2,423.93 766.25 87.06
2016-01-03 2,712.69 688.27 226.69
2015-09-27 2,842.30 600.61 194.63
2015-06-28 2,814.18 613.88 135.20
2015-03-29 2,906.42 516.73 157.17
2014-12-28 201.87 243.25 118.81
2014-09-28 204.81 244.13 120.38
2014-06-29 173.01 246.20 113.77
2014-03-30 176.35 246.87 111.53
2013-12-29 175.68 248.23 104.46
2013-09-29 177.54 249.58 101.39
2013-06-30 165.12 250.87 101.99
2013-03-31 152.35 260.65 101.63
2012-12-30 176.86 264.41 117.21
2012-09-30 235.99 225.83 219.45
2012-07-01 294.67 182.13 210.80
2012-04-01 301.91 78.96 108.72
2012-01-01 397.84 29.38 166.33
  • Cypress Semiconductor's level of debt (46.5%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (140.6% vs 46.5% today).
  • Debt is well covered by operating cash flow (60.5%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 3.3x coverage).
X
Financial health checks
We assess Cypress Semiconductor's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Cypress Semiconductor has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

CY Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
3.14%
Current annual income from Cypress Semiconductor dividends. Estimated to be 3.15% next year.
If you bought $2,000 of Cypress Semiconductor shares you are expected to receive $63 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Cypress Semiconductor's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.38%).
  • Cypress Semiconductor's dividend is below the markets top 25% of dividend payers in United States of America (3.54%).
Upcoming dividend payment

Purchase Cypress Semiconductor on or before the 'Buy Limit' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NasdaqGS:CY Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 16 Analyst Estimates (S&P Global) See Below
United States of America Semiconductor Industry Average Dividend Yield Market Cap Weighted Average of 32 Stocks 2.2%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 1977 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.5%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NasdaqGS:CY Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2020-12-31 0.42 1.00
2019-12-31 0.45 3.00
2018-12-31 0.44 3.00
NasdaqGS:CY Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2018-11-05 0.440 3.303
2018-08-07 0.440 2.961
2018-05-15 0.440 2.620
2018-02-20 0.440 2.610
2017-11-07 0.440 2.707
2017-08-07 0.440 3.018
2017-05-23 0.440 3.164
2017-02-21 0.440 3.236
2016-11-07 0.440 3.832
2016-08-09 0.440 3.919
2016-05-11 0.440 4.183
2016-02-24 0.440 5.118
2015-11-09 0.440 5.024
2015-08-05 0.440 4.513
2015-05-13 0.440 3.556
2015-03-02 0.440 3.137
2014-11-24 0.440 3.166
2014-08-20 0.440 4.395
2014-05-12 0.440 4.222
2014-03-03 0.440 4.408
2013-11-05 0.440 4.481
2013-08-05 0.440 4.215
2013-05-13 0.440 3.887
2013-02-25 0.440 4.136
2012-11-12 0.440 4.320
2012-08-20 0.440 4.007
2012-05-14 0.440 3.583
2012-02-27 0.440 2.885
2011-12-08 0.360 2.049
2011-08-23 0.360 2.092
2011-05-12 0.360 1.761

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Whilst dividend payments have been stable, Cypress Semiconductor has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but Cypress Semiconductor only paid a dividend in the past 8 years.
Current Payout to shareholders
What portion of Cypress Semiconductor's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (0.3x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (3.1x coverage).
X
Income/ dividend checks
We assess Cypress Semiconductor's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Cypress Semiconductor afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Cypress Semiconductor has a total score of 2/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

CY Management

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

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Hassane El-Khoury
COMPENSATION $6,429,446
AGE 38
TENURE AS CEO 2.3 years
CEO Bio

Mr. Hassane El-Khoury has been the Chief Executive Officer, President and Director at Cypress Semiconductor Corporation since August 11, 2016. Mr. El-Khoury served as an Executive Vice President of the Programmable Systems Division and Software at Cypress Semiconductor Corporation since September 18, 2012 until August 11, 2016. Prior to that, from 2010 to 2012, he served as a senior director of Cypress's automotive business unit. Mr. El-Khoury has been run Cypress's automotive business since 2007, spearheading the its expansion into the Human-Machine Interface and Body Electronics segments of the automotive marketplace. He started his career with automotive subsystem supplier Continental Automotive Systems in Auburn Hills, Mich. and served Continental in both Germany and Japan. Mr. El-Khoury holds a bachelor of science degree in electrical engineering from Lawrence Technological University, Southfield, Mich. and an master's degree in engineering management from Oakland University, Rochester Hills, Mich.

CEO Compensation
  • Hassane's compensation has increased in line with Cypress Semiconductor recently becoming profitable.
  • Hassane's remuneration is about average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Cypress Semiconductor management team in years:

2.3
Average Tenure
50.5
Average Age
  • The tenure for the Cypress Semiconductor management team is about average.
Management Team

Hassane El-Khoury

TITLE
President
COMPENSATION
$6M
AGE
38
TENURE
2.3 yrs

Thad Trent

TITLE
Executive VP of Finance & Administration
COMPENSATION
$3M
AGE
50
TENURE
4.4 yrs

Pamela Tondreau

TITLE
Executive VP
COMPENSATION
$2M
AGE
58
TENURE
2.2 yrs

Sam Geha

TITLE
Executive Vice President of Memory Product Division
COMPENSATION
$2M
AGE
52
TENURE
2.2 yrs

Sudhir Gopalswamy

TITLE
Executive Vice President of Microcontroller & Connectivity Division
COMPENSATION
$2M
AGE
48
TENURE
2.2 yrs

Dana Nazarian

TITLE
Executive Vice President of Operations & Technology
COMPENSATION
$1M
AGE
51
TENURE
2.3 yrs

J. Augusto de Oliveira

TITLE
Executive VP & CTO
AGE
53
TENURE
11.8 yrs

Colin Born

TITLE
Vice President of Corporate Development & Investor Relations
AGE
47

Ann Minooka

TITLE
Vice President of Corporate Communications

Michael Balow

TITLE
Executive Vice President of Worldwide Sales & Applications
TENURE
5.2 yrs
Board of Directors Tenure

Average tenure and age of the Cypress Semiconductor board of directors in years:

1.4
Average Tenure
61
Average Age
  • The average tenure for the Cypress Semiconductor board of directors is less than 3 years, this suggests a new board.
Board of Directors

W. Albrecht

TITLE
Chairman of the Board
COMPENSATION
$295K
AGE
71
TENURE
1.4 yrs

Hassane El-Khoury

TITLE
President
COMPENSATION
$6M
AGE
38
TENURE
2.3 yrs

Michael Wishart

TITLE
Director
COMPENSATION
$280K
AGE
63
TENURE
3.7 yrs

Camillo Martino

TITLE
Director
COMPENSATION
$442K
AGE
56
TENURE
1.4 yrs

Dan McCranie

TITLE
Director
COMPENSATION
$429K
AGE
74
TENURE
1.4 yrs

Oh-Chul Kwon

TITLE
Director
COMPENSATION
$250K
AGE
60
TENURE
3.7 yrs

Cathy Lego

TITLE
Director
COMPENSATION
$388K
AGE
61
TENURE
1.2 yrs

Jeff Owens

TITLE
Director
COMPENSATION
$349K
AGE
63
TENURE
1.2 yrs

Jeannine Sargent

TITLE
Director
COMPENSATION
$286K
AGE
54
TENURE
0.9 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Cypress Semiconductor insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
13. Nov 18 Buy Camillo Martino Individual 13. Nov 18 13. Nov 18 5,000 $12.80 $64,000
06. Jun 18 Sell Michael Wishart Individual 05. Jun 18 05. Jun 18 -5,900 $16.90 $-99,724
30. May 18 Sell Sam Geha Individual 25. May 18 25. May 18 -184 $16.60 $-3,055
29. May 18 Sell Sam Geha Individual 25. May 18 25. May 18 -8,800 $16.60 $-146,036
02. May 18 Buy Hassane El-Khoury Individual 30. Apr 18 30. Apr 18 10,000 $15.03 $150,268
15. Mar 18 Sell Sam Geha Individual 14. Mar 18 14. Mar 18 -10,000 $18.49 $-184,913
07. Mar 18 Sell Sam Geha Individual 05. Mar 18 05. Mar 18 -20,382 $17.59 $-358,597
03. Mar 18 Sell Hassane El-Khoury Individual 28. Feb 18 28. Feb 18 -43,991 $17.60 $-774,052
24. Nov 17 Sell Sam Geha Individual 22. Nov 17 22. Nov 17 -9,929 $17.32 $-171,971
X
Management checks
We assess Cypress Semiconductor's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Cypress Semiconductor has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

CY News

External News
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Simply Wall St News

An Intrinsic Calculation For Cypress Semiconductor Corporation (NASDAQ:CY) Shows It's 41.63% Undervalued

How far off is Cypress Semiconductor Corporation (NASDAQ:CY) from its intrinsic value? … by projecting its future cash flows and then discounting them to today's value. … Anyone interested in learning a bit more about intrinsic value should have a read of the Simply Wall St analysis model

Simply Wall St -

Is Cypress Semiconductor Corporation (NASDAQ:CY) A Financially Sound Company?

Small-caps and large-caps are wildly popular among investors, however, mid-cap stocks, such as Cypress Semiconductor Corporation (NASDAQ:CY), with a market capitalization of US$4.9b, rarely draw their attention from the investing community. … However, history shows that overlooked mid-cap companies have performed better on a risk-adjusted manner than the smaller and larger segment of the market. … Today we will look at CY’s financial liquidity and debt levels, which are strong indicators for whether the company can weather economic downturns or fund strategic acquisitions for future growth.

Simply Wall St -

Cypress Semiconductor Corporation (NASDAQ:CY): What Are Investors Earning On Their Capital?

Therefore, looking at how efficiently Cypress Semiconductor is able to use capital to create earnings will help us understand your potential return. … Investors use many different metrics but the analysis below focuses on return on capital employed (ROCE). … Cypress Semiconductor's Return On Capital Employed

Simply Wall St -

Who Really Owns Cypress Semiconductor Corporation (NASDAQ:CY)?

I am going to take a deep dive into Cypress Semiconductor Corporation’s (NASDAQ:CY) most recent ownership structure, not a frequent subject of discussion among individual investors. … The impact of a company's ownership structure affects both its short- and long-term performance. … While these are more of a long-term investor’s concern, short-term investors may find the impact of institutional trading overwhelming enough to lose out on what could be a potential opportunity.

Simply Wall St -

Where Cypress Semiconductor Corporation's (NASDAQ:CY) Earnings Growth Stands Against Its Industry

Understanding Cypress Semiconductor Corporation's (NASDAQ:CY) performance as a company requires examining more than earnings from one point in time. … Today I will take you through a basic sense check to gain perspective on how Cypress Semiconductor is doing by evaluating its latest earnings with its longer term trend as well as its industry peers' performance over the same period. … Did CY's recent performance beat its trend and industry.

Simply Wall St -

Investors Are Undervaluing Cypress Semiconductor Corporation (NASDAQ:CY) By 31.23%

by taking the expected future cash flows and discounting them to today's value. … Discounted Cash Flows (DCF). … If you want to learn more about discounted cash flow, the basis for my calcs can be read in detail in the Simply Wall St analysis model

Simply Wall St -

What You Must Know About Cypress Semiconductor Corporation's (NASDAQ:CY) Financial Strength

Small-caps and large-caps are wildly popular among investors; however, mid-cap stocks, such as Cypress Semiconductor Corporation (NASDAQ:CY) with a market-capitalization of US$5.88b, rarely draw their attention. … Remember this is a very top-level look that focuses exclusively on financial health, so I recommend a deeper analysis. … View out our latest analysis for Cypress Semiconductor

Simply Wall St -

Is Cypress Semiconductor Corporation (NASDAQ:CY) A Strong Dividend Stock?

A sizeable part of portfolio returns can be produced by dividend stocks due to their contribution to compounding returns in the long run. … Cypress Semiconductor Corporation (NASDAQ:CY) has returned to shareholders over the past 7 years, an average dividend yield of 4.00% annually. … Does Cypress Semiconductor tick all the boxes of a great dividend stock?

Simply Wall St -

Be Careful About Buying Cypress Semiconductor Corporation (NASDAQ:CY) For The 2.76% Dividend

Cypress Semiconductor Corporation (NASDAQ:CY) has returned to shareholders over the past 7 years, an average dividend yield of 4.00% annually. … Check out our latest analysis for Cypress Semiconductor How I analyze a dividend stock When researching a dividend stock, I always follow the following screening criteria: Does it pay an annual yield higher than 75% of dividend payers? … Relative to peers, Cypress Semiconductor generates a yield of 2.76%, which is high for Semiconductor stocks but still below the market's top dividend payers.Next Steps: Now you know to keep in mind the reason why investors should be careful investing in Cypress Semiconductor for the dividend.

Simply Wall St -

Estimating The Intrinsic Value Of Cypress Semiconductor Corporation (NASDAQ:CY)

5-year cash flow estimate 2018 2019 2020 2021 2022 Levered FCF ($, Millions) $434.20 $384.60 $453.83 $530.98 $615.94 Source Analyst x2 Analyst x2 Extrapolated @ (18%, capped from 29.94%) Extrapolated @ (17%, capped from 29.94%) Extrapolated @ (16%, capped from 29.94%) Present Value Discounted @ 10.81% $391.85 $313.23 $333.56 $352.20 $368.70 Present Value of 5-year Cash Flow (PVCF)= $1,760 The second stage is also known as Terminal Value, this is the business's cash flow after the first stage. … Terminal Value (TV) = FCF2022 × (1 + g) ÷ (r – g) = $616 × (1 + 2.5%) ÷ (10.8% – 2.5%) = $7,569 Present Value of Terminal Value (PVTV) = TV / (1 + r)5 = $7,569 / ( 1 + 10.8%)5 = $4,531 The total value, or equity value, is then the sum of the present value of the cash flows, which in this case is $6,290. … NasdaqGS:CY Intrinsic Value Apr 8th 18 Important assumptions I'd like to point out that the most important inputs to a discounted cash flow are the discount rate and of course the actual cash flows.

Simply Wall St -

CY Company Info

Map
Description

Cypress Semiconductor Corporation designs, develops, manufactures, markets, and sells embedded system solutions worldwide. It operates in two segments, Microcontroller and Connectivity Division, and Memory Products Division. The Microcontroller and Connectivity Division provides microcontroller (MCU), analog, and wireless and wired connectivity solutions, including Traveo automotive MCUs; programmable system-on-chip and general-purpose MCUs; ARM Cortex-M4, -M3, and -M0+ MCUs; R4 CPUs; analog power management integrated circuits and energy harvesting solutions; CapSense capacitive-sensing controllers; TrueTouch touchscreens; Wi-Fi, Bluetooth, Bluetooth low energy, and ZigBee solutions; WICED development platform; and USB controllers comprising solutions for the USB-C and USB power delivery standards, as well as wireless Internet of things connectivity solutions. The Memory Products Division provides NOR and NAND flash memories, static random access memory (SRAM) products, HyperRAm, synchronous and asynchronous SRAMs, nvSRAMs, F-RAM ferroelectric memory devices, and other specialty memories and timing solutions. The company serves various markets, including automotive, industrial, consumer, computation, white goods, communications, handset, PC peripherals, mobile devices, networking, telecommunications, video, data communications, computation, and medical markets. Cypress Semiconductor Corporation sells its semiconductor products through distributors and manufacturing representative firms, as well as through sales force directly to original equipment manufacturers and their suppliers. The company was founded in 1982 and is headquartered in San Jose, California.

Details
Name: Cypress Semiconductor Corporation
CY
Exchange: NasdaqGS
Founded: 1982
$5,067,300,546
361,950,039
Website: http://www.cypress.com
Address: Cypress Semiconductor Corporation
198 Champion Court,
San Jose,
California, 95134,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGS CY Common Stock Nasdaq Global Select US USD 29. May 1986
DB CYP Common Stock Deutsche Boerse AG DE EUR 29. May 1986
LSE 0I5Q Common Stock London Stock Exchange GB USD 29. May 1986
BMV CY * Common Stock Bolsa Mexicana de Valores MX MXN 29. May 1986
Number of employees
Current staff
Staff numbers
6,099
Cypress Semiconductor employees.
Industry
Semiconductors
Semiconductors
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2018/11/19 00:49
End of day share price update: 2018/11/16 00:00
Last estimates confirmation: 2018/10/26
Last earnings filing: 2018/10/26
Last earnings reported: 2018/09/30
Last annual earnings reported: 2017/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.