MAXN

Maxeon Solar TechnologiesNasdaqGS:MAXN Stock Report

Market Cap

US$817.2m

7D

2.5%

1Y

31.1%

Updated

16 Sep, 2021

Data

Company Financials +
MAXN fundamental analysis
Snowflake Score
Valuation3/6
Future Growth2/6
Past Performance0/6
Financial Health4/6
Dividends0/6

MAXN Overview

Maxeon Solar Technologies, Ltd. designs, manufactures, markets, and sells solar panels and related solar system components worldwide.

Maxeon Solar Technologies Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Maxeon Solar Technologies
Historical stock prices
Current Share PriceUS$18.49
52 Week HighUS$11.78
52 Week LowUS$57.97
Beta0
1 Month Change27.87%
3 Month Change0.22%
1 Year Change31.14%
3 Year Changen/a
5 Year Changen/a
Change since IPO-50.85%

Recent News & Updates

Sep 02

Why Maxeon Is Our Favorite Solar Panel Manufacturer

Maxeon is one of the few solar manufacturers that has truly differentiated products. It has very valuable IP protecting its high-efficiency solar panels. Shares are very volatile and the company is still trying to find its financial footing, but we believe shares to be reasonably valued, despite them having above-average risk.

Aug 26

After Recent Under-Performance, Maxeon Solar Could Be The Biggest Dark Horse Winner

Most of Maxeon Solar's recent losses are of a non-recurring nature and should completely be behind the company by the end of 2022. New vertical cross-selling of companion products will help Maxeon grow revenues and profits at minimal incremental costs. Regional advantages in the U.S. market could result in extremely fast revenue and earnings growth during the next couple of years. The market's current discounting of MAXN due to past results could lead to high returns as Maxeon's margins normalize and profitability returns.

Shareholder Returns

MAXNUS SemiconductorUS Market
7D2.5%2.1%-0.6%
1Y31.1%54.7%33.6%

Return vs Industry: MAXN underperformed the US Semiconductor industry which returned 54.6% over the past year.

Return vs Market: MAXN underperformed the US Market which returned 33.7% over the past year.

Price Volatility

Is MAXN's price volatile compared to industry and market?
MAXN volatility
MAXN Beta0
Industry Beta1.23
Market Beta1

Stable Share Price: MAXN is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 9% a week.

Volatility Over Time: MAXN's weekly volatility (9%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
20194,609Jeff Watershttps://www.maxeon.com

Maxeon Solar Technologies, Ltd. designs, manufactures, markets, and sells solar panels and related solar system components worldwide. The company provides interdigitated back contact and shingled solar cells and panels under the SunPower brand. It offers its products to dealers, project developers, system integrators, distributors, resellers, and residential and small-scale commercial customers.

Maxeon Solar Technologies Fundamentals Summary

How do Maxeon Solar Technologies's earnings and revenue compare to its market cap?
MAXN fundamental statistics
Market CapUS$817.19m
Earnings (TTM)-US$180.12m
Revenue (TTM)US$793.50m

1.0x

P/S Ratio

-4.5x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
MAXN income statement (TTM)
RevenueUS$793.50m
Cost of RevenueUS$800.25m
Gross Profit-US$6.75m
ExpensesUS$173.37m
Earnings-US$180.12m

Last Reported Earnings

Jul 04, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-5.79
Gross Margin-0.85%
Net Profit Margin-22.70%
Debt/Equity Ratio33.8%

How did MAXN perform over the long term?

See historical performance and comparison

Valuation

Is Maxeon Solar Technologies undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: MAXN ($18.49) is trading below our estimate of fair value ($46.59)

Significantly Below Fair Value: MAXN is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: MAXN is unprofitable, so we can't compare its PE Ratio to the US Semiconductor industry average.

PE vs Market: MAXN is unprofitable, so we can't compare its PE Ratio to the US market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate MAXN's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: MAXN is good value based on its PB Ratio (1.7x) compared to the US Semiconductor industry average (4.6x).


Future Growth

How is Maxeon Solar Technologies forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?

67.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: MAXN is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: MAXN is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: MAXN is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: MAXN's revenue (30.2% per year) is forecast to grow faster than the US market (9.7% per year).

High Growth Revenue: MAXN's revenue (30.2% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: MAXN is forecast to be unprofitable in 3 years.


Past Performance

How has Maxeon Solar Technologies performed over the past 5 years?

-21.4%

Last years earnings growth


Earnings and Revenue History

Quality Earnings: MAXN is currently unprofitable.

Growing Profit Margin: MAXN is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: Insufficient data to determine if MAXN's year-on-year earnings growth rate was positive over the past 5 years.

Accelerating Growth: Unable to compare MAXN's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: MAXN is unprofitable, making it difficult to compare its past year earnings growth to the Semiconductor industry (70.4%).


Return on Equity

High ROE: MAXN has a negative Return on Equity (-36.55%), as it is currently unprofitable.


Financial Health

How is Maxeon Solar Technologies's financial position?


Financial Position Analysis

Short Term Liabilities: MAXN's short term assets ($631.3M) exceed its short term liabilities ($315.0M).

Long Term Liabilities: MAXN's short term assets ($631.3M) exceed its long term liabilities ($262.2M).


Debt to Equity History and Analysis

Debt Level: MAXN's debt to equity ratio (33.8%) is considered satisfactory.

Reducing Debt: Insufficient data to determine if MAXN's debt to equity ratio has reduced over the past 5 years.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: MAXN has sufficient cash runway for more than a year based on its current free cash flow.

Forecast Cash Runway: Insufficient data to determine if MAXN has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.


Dividend

What is Maxeon Solar Technologies's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate MAXN's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate MAXN's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if MAXN's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if MAXN's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of MAXN's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

0.8yrs

Average management tenure


CEO

Jeff Waters (56 yo)

1.67yrs

Tenure

Mr. Jeffrey W. Waters, also known as Jeff, has been Chief Executive Officer and Director of Maxeon Solar Technologies, Ltd. since 2020. He served as Chief Executive Officer of the SunPower Technologies bus...


Leadership Team

Experienced Management: MAXN's management team is not considered experienced ( 0.8 years average tenure), which suggests a new team.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 46.4%.


Top Shareholders

Company Information

Maxeon Solar Technologies, Ltd.'s employee growth, exchange listings and data sources


Key Information

  • Name: Maxeon Solar Technologies, Ltd.
  • Ticker: MAXN
  • Exchange: NasdaqGS
  • Founded: 2019
  • Industry: Semiconductors
  • Sector: Semiconductors
  • Market Cap: US$817.194m
  • Shares outstanding: 44.20m
  • Website: https://www.maxeon.com

Number of Employees


Location

  • Maxeon Solar Technologies, Ltd.
  • Marina Bay Financial Centre
  • No. 05-02, 8 Marina Boulevard
  • Singapore
  • 18981
  • Singapore

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/16 22:57
End of Day Share Price2021/09/16 00:00
Earnings2021/07/04
Annual Earnings2021/01/03


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.