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Kulicke and Soffa Industries

Nasdaq:KLIC
Snowflake Description

Excellent balance sheet with reasonable growth potential.

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

Kulicke and Soffa Industries, Inc. designs, manufactures, and sells capital equipment and tools to assemble semiconductor devices. The last earnings update was 15 days ago. More info.


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KLIC Share Price and Events
7 Day Returns
-1.6%
NasdaqGS:KLIC
1.1%
US Semiconductor
-1%
US Market
1 Year Returns
-20.4%
NasdaqGS:KLIC
5.2%
US Semiconductor
-0.4%
US Market
KLIC Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Kulicke and Soffa Industries (KLIC) -1.6% -7.8% 4.7% -20.4% 59.6% 42.3%
US Semiconductor 1.1% -2.1% 5.4% 5.2% 61.3% 86.2%
US Market -1% -3.3% 0.4% -0.4% 30.4% 37.1%
1 Year Return vs Industry and Market
  • KLIC underperformed the Semiconductor industry which returned 5.2% over the past year.
  • KLIC underperformed the Market in United States of America which returned -0.4% over the past year.
Price Volatility
KLIC
Industry
5yr Volatility vs Market
Related Companies

KLIC Value

 Is Kulicke and Soffa Industries 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 Kulicke and Soffa Industries 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 Kulicke and Soffa Industries.

NasdaqGS:KLIC Discounted Cash Flow Data Sources
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%
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.

Calculation of Discount Rate/ Cost of Equity for NasdaqGS:KLIC
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Semiconductor Unlevered Beta Simply Wall St/ S&P Global 1.27
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.268 (1 + (1- 17%) (6.59%))
1.226
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.23
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.226 * 5.96%)
10.04%

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 try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

NasdaqGS:KLIC DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 10.04%)
2020 105.10 Analyst x1 95.51
2021 94.24 Est @ -10.33% 77.83
2022 88.19 Est @ -6.42% 66.19
2023 84.96 Est @ -3.67% 57.94
2024 83.47 Est @ -1.75% 51.74
2025 83.13 Est @ -0.41% 46.83
2026 83.57 Est @ 0.53% 42.78
2027 84.57 Est @ 1.19% 39.34
2028 85.97 Est @ 1.65% 36.34
2029 87.67 Est @ 1.98% 33.68
Present value of next 10 years cash flows $548.19
NasdaqGS:KLIC DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $87.67 × (1 + 2.73%) ÷ (10.04% – 2.73%)
$1,232.30
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $1,232.30 ÷ (1 + 10.04%)10
$473.45
NasdaqGS:KLIC Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $548.19 + $473.45
$1,021.64
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $1,021.64 / 63.41
$16.11
NasdaqGS:KLIC Discount to Share Price
Calculation Result
Value per share (USD) From above. $16.11
Current discount Discount to share price of $20.56
= -1 x ($20.56 - $16.11) / $16.11
-27.6%

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

  • The current share price of Kulicke and Soffa Industries is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
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 Kulicke and Soffa Industries's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Kulicke and Soffa Industries's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqGS:KLIC PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-29) in USD $0.53
NasdaqGS:KLIC Share Price ** NasdaqGS (2019-08-16) in USD $20.56
United States of America Semiconductor Industry PE Ratio Median Figure of 67 Publicly-Listed Semiconductor Companies 26.72x
United States of America Market PE Ratio Median Figure of 3,095 Publicly-Listed Companies 17.23x

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

** Primary Listing of Kulicke and Soffa Industries.

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

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

= 20.56 ÷ 0.53

39.08x

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

  • Kulicke and Soffa Industries is overvalued based on earnings compared to the US Semiconductor industry average.
  • Kulicke and Soffa Industries is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does Kulicke and Soffa Industries's expected growth come at a high price?
Raw Data
NasdaqGS:KLIC PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 39.08x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts
49.8%per year
United States of America Semiconductor Industry PEG Ratio Median Figure of 61 Publicly-Listed Semiconductor Companies 1.15x
United States of America Market PEG Ratio Median Figure of 2,124 Publicly-Listed Companies 1.4x

*Line of best fit is calculated by linear regression .

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

= PE Ratio ÷ Net Income Annual Growth Rate

= 39.08x ÷ 49.8%

0.78x

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

  • Kulicke and Soffa Industries is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Kulicke and Soffa Industries's assets?
Raw Data
NasdaqGS:KLIC PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-29) in USD $12.34
NasdaqGS:KLIC Share Price * NasdaqGS (2019-08-16) in USD $20.56
United States of America Semiconductor Industry PB Ratio Median Figure of 106 Publicly-Listed Semiconductor Companies 2.61x
United States of America Market PB Ratio Median Figure of 5,265 Publicly-Listed Companies 1.7x
NasdaqGS:KLIC PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 20.56 ÷ 12.34

1.67x

* Primary Listing of Kulicke and Soffa Industries.

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

  • Kulicke and Soffa Industries is good value based on assets compared to the US Semiconductor industry average.
X
Value checks
We assess Kulicke and Soffa Industries'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. Kulicke and Soffa Industries has a total score of 2/6, 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.

KLIC Future Performance

 How is Kulicke and Soffa Industries expected to perform in the next 1 to 3 years based on estimates from 4 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
49.8%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Kulicke and Soffa Industries expected to grow at an attractive rate?
  • Kulicke and Soffa Industries's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Kulicke and Soffa Industries's earnings growth is expected to exceed the United States of America market average.
  • Kulicke and Soffa Industries's revenue growth is expected to exceed the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NasdaqGS:KLIC Future Growth Rates Data Sources
Data Point Source Value (per year)
NasdaqGS:KLIC Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts 49.8%
NasdaqGS:KLIC Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 4 Analysts 16%
United States of America Semiconductor Industry Earnings Growth Rate Market Cap Weighted Average 19.4%
United States of America Semiconductor Industry Revenue Growth Rate Market Cap Weighted Average 8%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.5%

*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:KLIC Analysts Growth Expectations Data Sources
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 numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqGS:KLIC Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-09-30 821 125 1
2021-09-30 844 109 2
2020-09-30 688 110 76 4
2019-09-30 540 77 13 4
NasdaqGS:KLIC Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-06-29 585 113 35
2019-03-30 727 150 94
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

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Kulicke and Soffa Industries's earnings are expected to grow significantly at over 20% yearly.
  • Kulicke and Soffa Industries's revenue is expected to grow by 16% yearly, however this is not considered high growth (20% yearly).
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:KLIC 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 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.

NasdaqGS:KLIC Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-09-30 1.88 1.88 1.88 1.00
2021-09-30 2.02 2.38 1.65 2.00
2020-09-30 1.17 1.27 1.06 3.00
2019-09-30 0.19 0.22 0.17 3.00
NasdaqGS:KLIC Past Financials Data
Date (Data in USD Millions) EPS *
2019-06-29 0.53
2019-03-30 1.39
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

*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.
  • Unable to establish if Kulicke and Soffa Industries will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Kulicke and Soffa Industries'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.
Kulicke and Soffa Industries has a total score of 4/6, 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.

KLIC Past Performance

  How has Kulicke and Soffa Industries 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 Kulicke and Soffa Industries'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.
  • Kulicke and Soffa Industries's year on year earnings growth rate has been positive over the past 5 years, however the most recent earnings are below average.
  • Kulicke and Soffa Industries's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Kulicke and Soffa Industries's 1-year earnings growth is negative, it can't be compared to the US Semiconductor industry average.
Earnings and Revenue History
Kulicke and Soffa Industries'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 Kulicke and Soffa Industries Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:KLIC Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-29 585.05 34.88 118.46 118.35
2019-03-30 726.77 93.85 122.26 120.09
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 68.27 129.27 116.58
2018-03-31 895.25 42.82 131.53 112.59
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

*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.
  • Kulicke and Soffa Industries has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Kulicke and Soffa Industries used its assets less efficiently than the US Semiconductor industry average last year based on Return on Assets.
  • Kulicke and Soffa Industries's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Kulicke and Soffa Industries'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.
Kulicke and Soffa Industries has a total score of 1/6, 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.

KLIC Health

 How is Kulicke and Soffa Industries'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 Kulicke and Soffa Industries's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Kulicke and Soffa Industries is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Kulicke and Soffa Industries's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Kulicke and Soffa Industries'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 10.7x 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 Kulicke and Soffa Industries Company Filings, last reported 1 month ago.

NasdaqGS:KLIC Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-29 787.44 85.90 643.54
2019-03-30 823.21 24.90 626.87
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
  • Kulicke and Soffa Industries's level of debt (10.9%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (2.6% vs 10.9% today).
  • Debt is well covered by operating cash flow (131.4%, greater than 20% of total debt).
  • Kulicke and Soffa Industries earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess Kulicke and Soffa Industries'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. Kulicke and Soffa Industries 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.

KLIC Dividends

 What is Kulicke and Soffa Industries'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
2.33%
Current annual income from Kulicke and Soffa Industries dividends.
If you bought $2,000 of Kulicke and Soffa Industries shares you are expected to receive $47 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?
  • Kulicke and Soffa Industries's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.49%).
  • Kulicke and Soffa Industries's dividend is below the markets top 25% of dividend payers in United States of America (3.84%).
Upcoming dividend payment

Purchase Kulicke and Soffa Industries before the 'Ex-dividend' 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:KLIC 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 4 Analyst Estimates (S&P Global) See Below
United States of America Semiconductor Industry Average Dividend Yield Market Cap Weighted Average of 31 Stocks 2.3%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2009 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 1.5%
United States of America Top 25% Dividend Yield 75th Percentile 3.8%

Industry and Market average data is calculated daily.

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

NasdaqGS:KLIC Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2022-09-30
2021-09-30
2020-09-30
2019-09-30
NasdaqGS:KLIC Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-08-07 0.480 2.322
2019-05-20 0.480 2.238
2019-02-28 0.480 2.114
2018-12-12 0.480 2.274
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 >

  • It is too early to tell whether Kulicke and Soffa Industries has stable dividend payments.
  • Kulicke and Soffa Industries only just started paying a dividend, it is too early to tell if payments are increasing.
Current Payout to shareholders
What portion of Kulicke and Soffa Industries's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (1.1x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Kulicke and Soffa Industries'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 Kulicke and Soffa Industries afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Kulicke and Soffa Industries has a total score of 1/6, see the detailed checks below.


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

KLIC Management

 What is the CEO of Kulicke and Soffa Industries'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
Fusen Chen
COMPENSATION $5,080,321
AGE 60
TENURE AS CEO 2.8 years
CEO Bio

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).

CEO Compensation
  • Insufficient data for Fusen to compare compensation growth.
  • Fusen's remuneration is about average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Kulicke and Soffa Industries management team in years:

2.7
Average Tenure
58
Average Age
  • The tenure for the Kulicke and Soffa Industries management team is about average.
Management Team

Fusen Chen

TITLE
President
COMPENSATION
$5M
AGE
60
TENURE
2.8 yrs

Lester Wong

TITLE
Senior VP of Legal Affairs
COMPENSATION
$1M
AGE
53
TENURE
1.8 yrs

Irene Lee

TITLE
Senior VP of Global Operations & Chief Quality Officer
COMPENSATION
$1M
AGE
59
TENURE
5.3 yrs

Chan Chong

TITLE
Senior Vice President
COMPENSATION
$2M
AGE
50
TENURE
2.6 yrs

Huy Hoang

TITLE
Executive Vice President
COMPENSATION
$1M
AGE
58
TENURE
2.3 yrs

Joseph Elgindy

TITLE
Director of Investor Relations & Strategic Planning
TENURE
9.5 yrs

Lisa Lim

TITLE
Vice President of Global Human Resources
TENURE
7.6 yrs

Nelson Wong

TITLE
Senior Vice President of Ball Bonder Business Unit
AGE
58
TENURE
1.8 yrs

Joyce Lim

TITLE
Senior Vice President of Global Supply Chain
AGE
56
TENURE
0.8 yrs

Dennis Ang

TITLE
Global Head of IT and Senior Director
TENURE
5 yrs
Board of Directors Tenure

Average tenure and age of the Kulicke and Soffa Industries board of directors in years:

5.8
Average Tenure
60
Average Age
  • The tenure for the Kulicke and Soffa Industries board of directors is about average.
Board of Directors

Garrett Pierce

TITLE
Chairman of the Board
COMPENSATION
$242K
AGE
74
TENURE
4.9 yrs

Fusen Chen

TITLE
President
COMPENSATION
$5M
AGE
60
TENURE
2.8 yrs

Brian Bachman

TITLE
Director
COMPENSATION
$201K
AGE
74
TENURE
15.8 yrs

Mui Yeo

TITLE
Director
COMPENSATION
$206K
AGE
60
TENURE
6.8 yrs

Gregory Milzcik

TITLE
Director
COMPENSATION
$211K
AGE
59
TENURE
5.8 yrs

Chin-Hu Lim

TITLE
Director
COMPENSATION
$192K
AGE
60
TENURE
7.7 yrs

Peter Kong

TITLE
Director
COMPENSATION
$192K
AGE
68
TENURE
5.5 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Kulicke and Soffa Industries individual insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
22. May 19 Buy Peter Kong Individual 20. May 19 20. May 19 10,000 $19.37 $193,688
29. Nov 18 Buy Peter Kong Individual 27. Nov 18 27. Nov 18 5,000 $20.51 $102,563
X
Management checks
We assess Kulicke and Soffa Industries'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. Kulicke and Soffa Industries 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.

KLIC News

Simply Wall St News

The Kulicke and Soffa Industries (NASDAQ:KLIC) Share Price Has Gained 69% And Shareholders Are Hoping For More

(NASDAQ:KLIC) share price is up 69% in the last three years, clearly besting than the market return of around 29% (not including dividends). … See our latest analysis for Kulicke and Soffa Industries To paraphrase Benjamin Graham: Over the short term the market is a voting machine, but over the long term it's a weighing machine. … Over the last three years, Kulicke and Soffa Industries failed to grow earnings per share, which fell 7.1% (annualized).

Simply Wall St -

Does Kulicke and Soffa Industries, Inc.'s (NASDAQ:KLIC) CEO Salary Reflect Performance?

Fusen Chen became the CEO of Kulicke and Soffa Industries, Inc. … Check out our latest analysis for Kulicke and Soffa Industries How Does Fusen Chen's Compensation Compare With Similar Sized Companies? … The graphic below shows how CEO compensation at Kulicke and Soffa Industries has changed from year to year.

Simply Wall St -

Is Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) Investing Effectively In Its Business?

Analysts use this formula to calculate return on capital employed: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) Or for Kulicke and Soffa Industries: 0.11 = US$101m ÷ (US$1.1b - US$123m) (Based on the trailing twelve months to March 2019.) So, Kulicke and Soffa Industries has an ROCE of 11%. … Kulicke and Soffa Industries's Current Liabilities And Their Impact On Its ROCE Current liabilities are short term bills and invoices that need to be paid in 12 months or less. … Due to the way ROCE is calculated, a high level of current liabilities makes a company look as though it has less capital employed, and thus can (sometimes unfairly) boost the ROCE.

Simply Wall St -

Kulicke and Soffa Industries (NASDAQ:KLIC) Has A Pretty Healthy Balance Sheet

While Kulicke and Soffa Industries has net cash on its balance sheet, it's still worth taking a look at its ability to convert earnings before interest and tax (EBIT) to free cash flow, to help us understand how quickly it is building (or eroding) that cash balance. … During the last three years, Kulicke and Soffa Industries generated free cash flow amounting to a very robust 94% of its EBIT, more than we'd expect. … Summing up While it is always sensible to investigate a company's debt, in this case Kulicke and Soffa Industries has US$602m in net cash and a decent-looking balance sheet.

Simply Wall St -

Did Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) Insiders Buy Up More Shares?

So we'll take a look at whether insiders have been buying or selling shares in Kulicke and Soffa Industries, Inc. … For example, a Harvard University study found that 'insider purchases earn abnormal returns of more than 6% per year.' Check out our latest analysis for Kulicke and Soffa Industries Kulicke and Soffa Industries Insider Transactions Over The Last Year Over the last year, we can see that the biggest insider purchase was by Director Peter Kong for US$194k worth of shares, at about US$19.37 per share. … When combined with notable insider ownership, these factors suggest Kulicke and Soffa Industries insiders are well aligned, and that they may think the share price is too low.

Simply Wall St -

Have Insiders Been Buying Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) Shares?

So we'll take a look at whether insiders have been buying or selling shares in Kulicke and Soffa Industries, Inc. … As Peter Lynch said, 'insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise.' View our latest analysis for Kulicke and Soffa Industries The Last 12 Months Of Insider Transactions At Kulicke and Soffa Industries Director Peter Kong made the biggest insider purchase in the last 12 months. … When combined with notable insider ownership, these factors suggest Kulicke and Soffa Industries insiders are well aligned, and that they may think the share price is too low.

Simply Wall St -

Want To Invest In Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) Today? Read This First

Stocks like Kulicke and Soffa Industries, with a price-to-earnings (P/E) ratio of 15.33x, always catch the eye of investors on the hunt for a bargain. … NasdaqGS:KLIC Price Estimation Relative to Market, June 16th 2019 Kulicke and Soffa Industries's price-to-earnings ratio stands at 15.33x, which is low, relative to the industry average. … A PE ratio of 15.33x and expected year-on-year earnings growth of 31% give Kulicke and Soffa Industries an extremely low PEG ratio of 0.50x.

Simply Wall St -

Is Now The Time To Look At Buying Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC)?

Let’s examine Kulicke and Soffa Industries’s valuation and outlook in more detail to determine if there’s still a bargain opportunity. … See our latest analysis for Kulicke and Soffa Industries What is Kulicke and Soffa Industries worth? … This is because Kulicke and Soffa Industries’s beta (a measure of share price volatility) is high, meaning its price movements will be exaggerated relative to the rest of the market.

Simply Wall St -

How Did Kulicke and Soffa Industries, Inc.'s (NASDAQ:KLIC) 11% ROE Fare Against The Industry?

The formula for return on equity is: Return on Equity = Net Profit ÷ Shareholders' Equity Or for Kulicke and Soffa Industries: 11% = US$94m ÷ US$823m (Based on the trailing twelve months to March 2019.) Most know that net profit is the total earnings after all expenses, but the concept of shareholders' equity is a little more complicated. … Does Kulicke and Soffa Industries Have A Good Return On Equity? … Combining Kulicke and Soffa Industries's Debt And Its 11% Return On Equity While Kulicke and Soffa Industries does have a tiny amount of debt, with debt to equity of just 0.03, we think the use of debt is very modest.

Simply Wall St -

Does Market Volatility Impact Kulicke and Soffa Industries, Inc.'s (NASDAQ:KLIC) Share Price?

Beta is a widely used metric to measure a stock's exposure to market risk (volatility). … Beta is worth considering, but it's also important to consider whether Kulicke and Soffa Industries is growing earnings and revenue. … What this means for you: Since Kulicke and Soffa Industries tends to moves up when the market is going up, and down when it's going down, potential investors may wish to reflect on the overall market, when considering the stock.

Simply Wall St -

KLIC Company Info

Description

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.

Details
Name: Kulicke and Soffa Industries, Inc.
KLIC
Exchange: NasdaqGS
Founded: 1951
$1,303,665,190
63,407,840
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
Listings
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
Number of employees
Current staff
Staff numbers
2,681
Kulicke and Soffa Industries employees.
Industry
Semiconductor Equipment
Semiconductors
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/08/17 23:39
End of day share price update: 2019/08/16 00:00
Last estimates confirmation: 2019/08/02
Last earnings filing: 2019/08/02
Last earnings reported: 2019/06/29
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.