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Kulicke and Soffa Industries, Inc. designs, manufactures, and sells capital equipment and tools to assemble semiconductor devices. The last earnings update was 17 days ago. More info.
7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
---|---|---|---|---|---|---|
Kulicke and Soffa Industries (KLIC) | 3.6% | 2.8% | 5.5% | 1.7% | 93.3% | 94.8% |
US Semiconductor | 1.3% | 9.8% | 5.6% | -2.8% | 96.9% | 104.1% |
US Market | 1.2% | 6.6% | 1.2% | 0.9% | 44.3% | 41.3% |
Below are the data sources, inputs and calculation used to determine the intrinsic value for Kulicke and Soffa Industries.
Data Point | Source | Value |
---|---|---|
Valuation Model | 2 Stage Free Cash Flow to Equity | |
Levered Free Cash Flow | Average of 4 Analyst Estimates (S&P Global) | See below |
Discount Rate (Cost of Equity) | See below | 10.9% |
Perpetual Growth Rate | 10-Year US Government Bond Rate | 2.7% |
An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.
Data Point | Calculation/ Source | Result |
---|---|---|
Risk-Free Rate | 10-Year US Govt Bond Rate | 2.7% |
Equity Risk Premium | S&P Global | 7.3% |
Semiconductor Unlevered Beta | Simply Wall St/ S&P Global | 1.12 |
Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.119 (1 + (1- 17%) (1.01%)) |
1.129 |
Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
1.13 |
Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.129 * 7.27%) |
10.94% |
Discounted Cash Flow Calculation for NasdaqGS:KLIC using 2 Stage Free Cash Flow to Equity Model
The calculations below outline how an intrinsic value for Kulicke and Soffa Industries 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.
2019 | 2020 | 2021 | 2022 | 2023 | |
Levered FCF (USD, Millions) | 109.90 | 166.50 | 187.18 | 210.44 | 236.58 |
Source | Analyst x1 | Analyst x1 | Est @ 12.42% | Est @ 12.42% | Est @ 12.42% |
Present Value Discounted (@ 10.94%) |
99.07 | 135.29 | 137.10 | 138.94 | 140.80 |
Present value of next 5 years cash flows | $651.21 |
Calculation | Result | |
---|---|---|
Terminal Value |
= FCF2023
× (1 + g) ÷ (Discount Rate – g)
= $236.58 × (1 + 2.73%) ÷ (10.94% – 2.73%) |
$2,961.74 |
Present Value of Terminal Value |
= Terminal Value ÷ (1 + r)5
= $2,961.74 ÷ (1 + 10.94%)5 |
$1,762.74 |
Calculation | Result | |
---|---|---|
Total Equity Value |
= Present value of next 5 years cash flows +
Terminal Value
= $651.21 + $1,762.74 |
$2,413.95 |
Equity Value per Share (USD) |
= Total value / Shares Outstanding
= $2,413.95 / 66.14 |
$36.5 |
Calculation | Result | |
---|---|---|
Value per share (USD) | From above. | $36.50 |
Current discount | Discount to share price of
$22.40
= -1 x ($22.40 - $36.50) / $36.50 |
38.6% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
Data Point | Source | Value |
---|---|---|
Earnings Per Share * | Company Filings (2018-12-29) in USD | $1.95 |
NasdaqGS:KLIC Share Price ** | NasdaqGS (2019-02-15) in USD | $22.4 |
United States of America Semiconductor Industry PE Ratio | Median Figure of 68 Publicly-Listed Semiconductor Companies | 17.3x |
United States of America Market PE Ratio | Median Figure of 3,045 Publicly-Listed Companies | 16.97x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of Kulicke and Soffa Industries.
Calculation | Outcome | |
---|---|---|
PE Ratio | = NasdaqGS:KLIC Share Price ÷ EPS (both in USD) = 22.4 ÷ 1.95 |
11.48x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
Data Point | Source | Value |
---|---|---|
PE Ratio | See PE Ratio Section | 11.48x |
Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts |
6.7%per year |
United States of America Semiconductor Industry PEG Ratio | Median Figure of 63 Publicly-Listed Semiconductor Companies | 1.2x |
United States of America Market PEG Ratio | Median Figure of 2,115 Publicly-Listed Companies | 1.36x |
*Line of best fit is calculated by linear regression .
Calculation | Outcome | |
---|---|---|
PEG Ratio | = PE Ratio ÷ Net Income Annual Growth Rate = 11.48x ÷ 6.7% |
1.72x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
Data Point | Source | Value |
---|---|---|
Book Value per Share | Company Filings (2018-12-29) in USD | $12.90 |
NasdaqGS:KLIC Share Price * | NasdaqGS (2019-02-15) in USD | $22.4 |
United States of America Semiconductor Industry PB Ratio | Median Figure of 107 Publicly-Listed Semiconductor Companies | 2.56x |
United States of America Market PB Ratio | Median Figure of 5,122 Publicly-Listed Companies | 1.82x |
Calculation | Outcome | |
---|---|---|
PB Ratio | = NasdaqGS:KLIC Share Price ÷ Book Value per Share (both in USD) = 22.4 ÷ 12.90 |
1.74x |
* Primary Listing of Kulicke and Soffa Industries.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
Data Point | Source | Value (per year) |
---|---|---|
NasdaqGS:KLIC Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts | 6.7% |
NasdaqGS:KLIC Future Revenue Growth Rate | Line of Best Fit* through Consensus Estimate Revenue of 4 Analysts | 10.6% |
United States of America Semiconductor Industry Earnings Growth Rate | Market Cap Weighted Average | 4.3% |
United States of America Semiconductor Industry Revenue Growth Rate | Market Cap Weighted Average | 5.1% |
United States of America Market Earnings Growth Rate | Market Cap Weighted Average | 13.3% |
United States of America Market Revenue Growth Rate | Market Cap Weighted Average | 7.1% |
*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.
Data Point | Source | Value |
---|---|---|
Past Financials | Company Filings (1 month ago) | See Below |
Future Estimates | Average of up to 4 Analyst Estimates (S&P Global) | See Below |
Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * | Avg. No. Analysts |
---|---|---|---|---|
2021-09-30 | 925 | 1 | ||
2020-09-30 | 780 | 172 | 114 | 4 |
2019-09-30 | 617 | 122 | 46 | 4 |
Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * |
---|---|---|---|
2018-12-29 | 833 | 129 | 134 |
2018-09-29 | 889 | 123 | 57 |
2018-06-30 | 920 | 162 | 68 |
2018-03-31 | 895 | 150 | 43 |
2017-12-30 | 873 | 157 | 39 |
2017-09-30 | 809 | 136 | 126 |
2017-07-01 | 739 | 102 | 97 |
2017-04-01 | 712 | 112 | 94 |
2016-12-31 | 668 | 91 | 66 |
2016-10-01 | 627 | 68 | 48 |
2016-07-02 | 601 | 74 | 47 |
2016-04-02 | 549 | 38 | 40 |
2016-01-02 | 538 | 49 | 43 |
*GAAP earnings excluding extraordinary items.
Data Point | Source | Value |
---|---|---|
Past Financials | Company Filings (1 month ago) | See Below |
Future Estimates | Average of up to 4 Analyst Estimates (S&P Global) | See Below |
All data from Kulicke and Soffa Industries Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
Date (Data in USD Millions) | EPS * | EPS High Estimate | EPS Low Estimate | Avg. No. Analysts |
---|---|---|---|---|
2021-09-30 | 2.54 | 2.54 | 2.54 | 1.00 |
2020-09-30 | 1.72 | 1.78 | 1.60 | 3.00 |
2019-09-30 | 0.62 | 0.75 | 0.51 | 3.00 |
Date (Data in USD Millions) | EPS * |
---|---|
2018-12-29 | 1.95 |
2018-09-29 | 0.82 |
2018-06-30 | 0.97 |
2018-03-31 | 0.61 |
2017-12-30 | 0.55 |
2017-09-30 | 1.78 |
2017-07-01 | 1.36 |
2017-04-01 | 1.32 |
2016-12-31 | 0.94 |
2016-10-01 | 0.69 |
2016-07-02 | 0.66 |
2016-04-02 | 0.55 |
2016-01-02 | 0.58 |
*GAAP earnings excluding extraordinary items.
How has Kulicke and Soffa Industries performed over the past 5 years?
All data from Kulicke and Soffa Industries Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
Date (Data in USD Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
---|---|---|---|---|
2018-12-29 | 832.64 | 133.72 | 126.16 | 119.17 |
2018-09-29 | 889.12 | 56.68 | 123.51 | 119.62 |
2018-06-30 | 920.19 | 68.27 | 129.49 | 116.58 |
2018-03-31 | 895.25 | 42.82 | 131.69 | 112.59 |
2017-12-30 | 873.09 | 39.18 | 129.92 | 108.95 |
2017-09-30 | 809.04 | 126.10 | 130.79 | 100.20 |
2017-07-01 | 738.99 | 96.55 | 119.04 | 95.29 |
2017-04-01 | 711.51 | 93.52 | 122.70 | 92.27 |
2016-12-31 | 668.30 | 65.94 | 127.41 | 89.69 |
2016-10-01 | 627.19 | 48.46 | 126.07 | 92.37 |
2016-07-02 | 600.52 | 46.61 | 134.05 | 91.49 |
2016-04-02 | 548.74 | 39.86 | 131.59 | 93.91 |
2016-01-02 | 537.57 | 42.71 | 130.95 | 94.65 |
2015-10-03 | 536.47 | 51.91 | 120.57 | 90.03 |
2015-06-27 | 612.03 | 70.07 | 128.32 | 90.91 |
2015-03-28 | 627.92 | 71.65 | 122.41 | 89.01 |
2014-12-27 | 596.89 | 72.79 | 116.64 | 85.17 |
2014-09-27 | 568.57 | 62.99 | 113.51 | 83.06 |
2014-06-28 | 547.44 | 63.26 | 111.10 | 75.65 |
2014-03-29 | 508.11 | 55.53 | 112.27 | 67.96 |
2013-12-28 | 500.01 | 53.80 | 110.85 | 60.84 |
2013-09-28 | 534.94 | 59.36 | 119.52 | 61.62 |
2013-06-29 | 630.50 | 97.11 | 121.54 | 63.61 |
2013-03-30 | 744.84 | 146.40 | 120.42 | 63.85 |
2012-12-29 | 785.04 | 155.69 | 123.33 | 67.55 |
2012-09-29 | 791.02 | 160.58 | 123.02 | 63.45 |
2012-06-30 | 702.23 | 95.24 | 130.66 | 62.90 |
2012-03-31 | 741.14 | 97.37 | 135.66 | 63.48 |
*GAAP earnings excluding extraordinary items.
How is Kulicke and Soffa Industries's financial health and their level of debt?
All data from Kulicke and Soffa Industries Company Filings, last reported 1 month ago.
Date (Data in USD Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
---|---|---|---|
2018-12-29 | 858.41 | 15.00 | 632.43 |
2018-09-29 | 880.21 | 15.19 | 613.63 |
2018-06-30 | 882.08 | 15.44 | 620.69 |
2018-03-31 | 879.93 | 16.26 | 628.15 |
2017-12-30 | 857.27 | 16.13 | 649.66 |
2017-09-30 | 920.03 | 16.07 | 608.41 |
2017-07-01 | 887.77 | 16.03 | 565.36 |
2017-04-01 | 854.65 | 15.97 | 574.20 |
2016-12-31 | 820.47 | 15.58 | 577.43 |
2016-10-01 | 799.52 | 16.70 | 547.91 |
2016-07-02 | 795.67 | 17.08 | 516.13 |
2016-04-02 | 762.91 | 17.17 | 481.99 |
2016-01-02 | 755.01 | 16.51 | 492.94 |
2015-10-03 | 769.25 | 16.48 | 498.61 |
2015-06-27 | 777.57 | 17.63 | 475.93 |
2015-03-28 | 800.24 | 18.36 | 528.78 |
2014-12-27 | 792.00 | 18.26 | 633.38 |
2014-09-27 | 789.24 | 19.10 | 597.09 |
2014-06-28 | 759.47 | 19.62 | 600.06 |
2014-03-29 | 730.12 | 19.62 | 596.26 |
2013-12-28 | 718.46 | 19.79 | 557.15 |
2013-09-28 | 716.67 | 19.40 | 525.04 |
2013-06-29 | 683.24 | 0.00 | 508.49 |
2013-03-30 | 661.20 | 0.00 | 498.62 |
2012-12-29 | 651.33 | 0.00 | 494.17 |
2012-09-29 | 643.67 | 0.00 | 440.24 |
2012-06-30 | 572.87 | 0.00 | 380.70 |
2012-03-31 | 502.50 | 108.80 | 426.14 |
What is Kulicke and Soffa Industries's current dividend yield, its reliability and sustainability?
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 4 Analyst Estimates (S&P Global) | See Below |
United States of America Semiconductor Industry Average Dividend Yield | Market Cap Weighted Average of 32 Stocks | 2.4% |
United States of America Market Average Dividend Yield | Market Cap Weighted Average of 1998 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 | 3.6% |
Industry and Market average data is calculated daily.
Note all dividend per share amounts are annualized and not quarterly or other period.
Date (Data in $) | Dividend per Share (annual) | Avg. No. Analysts |
---|---|---|
2021-09-30 | ||
2020-09-30 | ||
2019-09-30 |
Date (Data in $) | Dividend per share (annual) | Avg. Yield (%) |
---|---|---|
2018-12-12 | 0.480 | 2.314 |
2018-09-14 | 0.480 | 2.225 |
2018-06-14 | 0.480 | 1.871 |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
Dr. Fusen Ernie Chen, Ph.D., has been the President and Chief Executive Officer of Kulicke and Soffa Industries, Inc. since October 31, 2016. Dr. Chen served as the Chief Executive Officer and President of Mattson Technology Inc. since February 19, 2013. Dr. Chen served as an Executive Vice President of Novellus Systems Inc. since October 3, 2005 to 2009 and its Executive Vice President of Semiconductor Systems Products from 2009 to 2012. Dr. Chen served as the Chief Technology Officer of Novellus Systems Inc., from October 3, 2005 to September 2009. He served as the Senior Vice President of Asia-Pacific Operations of Novellus Systems Inc. from October 25, 2004 to 2005. He served as General Manager of Gapfill Business Unit at Novellus Systems, Inc. since 2005. From 1994 to 2004, Dr. Chen held various management positions at Applied Materials, where he most served as the Group Vice President and General Manager for the Copper Physical Vapor Deposition (PVD) & Interconnect Product Business Group. Prior to Applied Materials, he served as R&D Manager at LSI Corporation, a company listed on the New York Stock Exchange. Before joining Applied Materials, he worked at LSI Logic and SGS-Thomson Microelectronics. He served as the Chief Technical Officer of First Place Bank (Elyria, OH). He serves as a Director of Northern Savings & Loan Company. Dr. Chen has been a Director of Kulicke and Soffa Industries, Inc. since October 3, 2016 and GTAT Corporation since May 2008. He has been an Independent Director of RDA Microelectronics, Inc. since December 14, 2012. He served as a Director of GT Advanced Technologies Inc. from May 2008 to August 24, 2011; Electroglas Inc. from January 2006 to May 2008 and First Place Bank (Elyria, OH). Dr. Chen served as a Director of Mattson Technology Inc. from February 19, 2013 to May 11, 2016. Dr. Chen holds more than 60 U.S. patents and has authored over 50 technical publications. Dr. Chen holds Ph.D. degree in materials science and engineering from the State University of New York and a B.S. degree in material science and engineering from the Tsing Hua University (Hsinchu, Taiwan).
Average tenure and age of the Kulicke and Soffa Industries management team in years:
Average tenure and age of the Kulicke and Soffa Industries board of directors in years:
Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price ($) | Value ($) | |
---|---|---|---|---|---|---|---|---|---|---|
29. Nov 18 | Buy | Peter Kong | Individual | 27. Nov 18 | 27. Nov 18 | 5,000 | $20.51 | $102,563 | ||
09. Aug 18 | Buy | Peter Kong | Individual | 07. Aug 18 | 07. Aug 18 | 5,000 | $26.89 | $134,435 | ||
07. Jun 18 | Buy | Gregory Milzcik | Individual | 05. Jun 18 | 05. Jun 18 | 4,185 | $23.81 | $99,633 |
Help shape the future of investing tools and you could win a $250 gift card! … Upon building up an investment case for a stock, we should look at various aspects. … In the case of KLIC, it
Simply Wall St - – Full articleKulicke and Soffa Industries, Inc. … Let's take a look at Kulicke and Soffa Industries in more detail. … See our latest analysis for Kulicke and Soffa Industries?
Simply Wall St - – Full articleby 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 - – Full article(NASDAQ:KLIC), then you might want to consider its beta (a measure of share price volatility) in order to understand how the stock could impact your portfolio. … Beta is a widely used metric to measure a stock's exposure to market risk (volatility). … A stock with a beta below one is either less volatile than the market, or more volatile but not corellated with the overall market.
Simply Wall St - – Full articleImportant news for shareholders and potential investors in Kulicke and Soffa Industries, Inc. … (NASDAQ:KLIC): The dividend payment of US$0.12 per share will be distributed to shareholders on 14 January 2019, and the stock will begin trading ex-dividend at an earlier date, 26 December 2018. … Has its dividend been stable over the past (i.e. no missed payments or significant payout cuts)?
Simply Wall St - – Full articleSo before you buy or sell Kulicke and Soffa Industries, Inc. … The Last 12 Months Of Insider Transactions At Kulicke and Soffa Industries. … Overall, Kulicke and Soffa Industries insiders were net buyers last year
Simply Wall St - – Full articleKulicke and Soffa Industries Inc (NASDAQ:KLIC), which is in the semiconductor business, and is based in Singapore,. … A question to answer is whether Kulicke and Soffa Industries's current trading price of $20.84 reflective of the actual value of the? … Let’s take a look at Kulicke and Soffa Industries’s outlook and value based on the most recent financial data to see if there are any catalysts for a price change
Simply Wall St - – Full articleThis article is for investors who would like to improve their understanding of price to earnings ratios (P/E ratios). … We'll show how you can use Kulicke and Soffa Industries Inc's (NASDAQ:KLIC) P/E ratio to inform your assessment of the investment opportunity. … Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS)
Simply Wall St - – Full articleI've been keeping an eye on Kulicke and Soffa Industries Inc (NASDAQ:KLIC) because I'm attracted to its fundamentals. … is a company that has been able to sustain great financial health, trading at an attractive share price. … report on Kulicke and Soffa Industries here
Simply Wall St - – Full articleHow far off is Kulicke and Soffa Industries Inc (NASDAQ:KLIC) from its intrinsic value? … by projecting its future cash flows and then discounting them to today's value. … If you are reading this and its not October 2018 then I highly recommend you check out the latest calculation for Kulicke and Soffa Industries by following the link below
Simply Wall St - – Full article
Kulicke and Soffa Industries, Inc. designs, manufactures, and sells capital equipment and tools to assemble semiconductor devices. It operates in two segments, Capital Equipment, and Aftermarket Products and Services (APS). The Capital Equipment segment manufactures and sells a line of ball bonders, wedge bonders, advanced packaging, and electronic assembly solutions. The APS segment manufactures and sells various tools for a range of semiconductor packaging applications, including capillaries, which are expendable tools used in ball bonders; dicing blades that are expendable tools for semiconductor manufacturers to cut silicon wafers into individual semiconductor die or to cut packaged semiconductor units into individual units; and bonding wedges, which are expendable tools used in heavy wire wedge bonders. It also provides spare parts, equipment repair, maintenance and servicing, training, refurbishment, and equipment upgradation services. The company serves semiconductor device manufacturers, integrated device manufacturers, outsourced semiconductor assembly and test providers, other electronics manufacturers, industrial manufacturers, and automotive electronics suppliers primarily in the United States and the Asia/Pacific region. Kulicke and Soffa Industries, Inc. was founded in 1951 and is headquartered in Singapore.
Name: | Kulicke and Soffa Industries, Inc. |
KLIC | |
Exchange: | NasdaqGS |
Founded: | 1951 |
$1,481,550,896 | |
66,140,665 | |
Website: | http://www.kns.com |
Address: |
Kulicke and Soffa Industries, Inc. No. 01-01 K&S Corporate Headquarters, 23A Serangoon North Avenue 5, Singapore, 554369, Singapore |
Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
---|---|---|---|---|---|---|---|
NasdaqGS | KLIC | Common Stock | Nasdaq Global Select | US | USD | 16. Dec 1970 | |
DB | KU1 | Common Stock | Deutsche Boerse AG | DE | EUR | 16. Dec 1970 |
Semiconductor Equipment | |
Semiconductors |
Area | Date (UTC time) |
---|---|
Company Analysis updated: | 2019/02/18 01:28 |
End of day share price update: | 2019/02/15 00:00 |
Last estimates confirmation: | 2019/02/01 |
Last earnings filing: | 2019/02/01 |
Last earnings reported: | 2018/12/29 |
Last annual earnings reported: | 2018/09/29 |
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.