NasdaqGS:QRVO

Stock Analysis Report

Executive Summary

Qorvo, Inc. provides radio frequency (RF) solutions and technologies for smartphones and other mobile devices, defense and aerospace, Wi-Fi customer premises equipment, cellular base stations, and Internet of Things applications (IoT) worldwide.

Snowflake

Fundamentals

Excellent balance sheet with reasonable growth potential.


Similar Companies

Share Price & News

How has Qorvo's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-2.0%

QRVO

-2.5%

US Semiconductor

-0.6%

US Market


1 Year Return

-3.4%

QRVO

7.5%

US Semiconductor

0.6%

US Market

QRVO underperformed the Semiconductor industry which returned 9.4% over the past year.

QRVO underperformed the Market in United States of America which returned 1.1% over the past year.


Share holder returns

QRVOIndustryMarket
7 Day-2.0%-2.5%-0.6%
30 Day3.4%3.2%2.2%
90 Day18.9%10.1%1.1%
1 Year-3.4%-3.4%9.6%7.5%2.9%0.6%
3 Year38.5%38.5%79.9%69.3%44.6%35.2%
5 Year59.9%59.9%119.3%97.0%61.9%44.2%

Price Volatility Vs. Market

How volatile is Qorvo's share price compared to the market and industry in the last 5 years?


Simply Wall St News

3 weeks ago | Simply Wall St

Estimating The Intrinsic Value Of Qorvo, Inc. (NASDAQ:QRVO)

Valuation

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

7%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

Qorvo's share price is below the future cash flow value, but not at a moderate discount (< 20%).

Qorvo's share price is below the future cash flow value, but not at a substantial discount (< 40%).


Price Based on Earnings

Qorvo is overvalued based on earnings compared to the US Semiconductor industry average.

Qorvo is overvalued based on earnings compared to the United States of America market.


Price Based on Expected Growth

Qorvo is good value based on expected growth next year.


Price Based on Value of Assets

Qorvo is good value based on assets compared to the US Semiconductor industry average.


Next Steps

Future Growth

How is Qorvo expected to perform in the next 1 to 3 years based on estimates from 22 analysts?

56.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Qorvo's revenue is expected to grow by 8% yearly, however this is not considered high growth (20% yearly).

Qorvo's earnings are expected to grow significantly at over 20% yearly.

Qorvo's revenue growth is expected to exceed the United States of America market average.

Qorvo's earnings growth is expected to exceed the United States of America market average.

Qorvo's earnings growth is expected to exceed the low risk savings rate of 2.7%.


Earnings per Share Growth Estimates


Future Return on Equity

Qorvo is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).


Next Steps

Past Performance

How has Qorvo performed over the past 5 years?

-18.5%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Qorvo's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.

Qorvo has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.

Qorvo has become profitable in the last year making it difficult to compare the US Semiconductor industry average.


Return on Equity

Qorvo has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

Qorvo used its assets less efficiently than the US Semiconductor industry average last year based on Return on Assets.


Return on Capital Employed

Qorvo has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).


Next Steps

Financial Health

How is Qorvo's financial position?


Financial Position Analysis

Qorvo is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.

Qorvo's cash and other short term assets cover its long term commitments.


Debt to Equity History and Analysis

Qorvo's level of debt (23.5%) compared to net worth is satisfactory (less than 40%).

Unable to establish if Qorvo's debt level has increased without past 5-year debt data.

Debt is well covered by operating cash flow (97.2%, greater than 20% of total debt).

Interest payments on debt are well covered by earnings (EBIT is 13.1x coverage).


Balance Sheet

High level of physical assets or inventory.

Debt is covered by short term assets, assets are 1.5x debt.


Next Steps

Dividend

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


Dividend Yield and Payments Analysis

Unable to evaluate Qorvo's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.

Unable to evaluate Qorvo's dividend against the top 25% market benchmark as the company has not reported any payouts.

Unable to perform a dividend volatility check as Qorvo has not reported any payouts.

Unable to verify if Qorvo's dividend has been increasing as the company has not reported any payouts.


Current Payout to Shareholders

Unable to calculate sustainability of dividends as Qorvo has not reported any payouts.


Future Payout to Shareholders

No need to calculate the sustainability of Qorvo's dividends in 3 years as they are not expected to pay a notable one for United States of America.


Next Steps

Management

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

4.7yrs

Average management tenure


CEO

Bob Bruggeworth (58yo)

5.8yrs

Tenure

US$7,984,739

Compensation

Mr. Robert A. Bruggeworth, also known as Bob, has been the Chief Executive Officer and President of Qorvo, Inc. since December 2013. Mr. Bruggeworth serves as the Chief Executive Officer and President of R ...


CEO Compensation Analysis

Bob's remuneration is about average for companies of similar size in United States of America.

Bob's compensation has increased in line with Qorvo recently becoming profitable.


Management Age and Tenure

4.7yrs

Average Tenure

56.5yo

Average Age

The tenure for the Qorvo management team is about average.


Board Age and Tenure

4.7yrs

Average Tenure

60yo

Average Age

The tenure for the Qorvo board of directors is about average.


Insider Trading

Qorvo individual insiders have only sold shares in the past 3 months.


Recent Insider Transactions

SellUS$169,12505 Sep 19
John Harding
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares2,347
Max PriceUS$72.06
SellUS$222,75023 Aug 19
Walter Wilkinson
EntityIndividual
Role
Member of the Board of Directors
Lead Independent Director
Shares3,000
Max PriceUS$74.25
SellUS$24,33516 Aug 19
Roderick Nelson
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares347
Max PriceUS$70.13
SellUS$71,00015 Aug 19
Roderick Nelson
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares1,000
Max PriceUS$71.00
SellUS$69,44013 Aug 19
Roderick Nelson
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares1,000
Max PriceUS$69.85
SellUS$81,77828 Nov 18
Roderick Nelson
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares1,262
Max PriceUS$64.80
SellUS$211,83007 Nov 18
John Harding
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares3,000
Max PriceUS$70.61

Ownership Breakdown


Management Team

  • Bob Bruggeworth (58yo)

    President

    • Tenure: 5.8yrs
    • Compensation: US$7.98m
  • Ralph Knupp (69yo)

    Chief Human Resources Officer & Corporate VP

    • Tenure: 2.4yrs
  • Paul Fego (61yo)

    Corporate Vice President of Global Operations

    • Tenure: 1.2yrs
    • Compensation: US$2.83m
  • Eric Creviston (55yo)

    Corporate VP & President of Mobile Products

    • Tenure: 4.7yrs
    • Compensation: US$2.91m
  • Jeff Howland

    Corporate VP

    • Tenure: 4.6yrs
  • Brandi Frye

    Corporate Vice President of Marketing

    • Tenure: 5.3yrs
  • Doug DeLieto

    Vice President of Investor Relations

    • Tenure: 0yrs
  • Mark Murphy (51yo)

    Chief Financial Officer

    • Tenure: 3.3yrs
    • Compensation: US$2.58m
  • Brent Dietz

    Director of Corporate Communications

    • Tenure: 4.7yrs
  • James Klein (54yo)

    Corporate VP and President of Infrastructure & Defense Products

    • Tenure: 4.7yrs
    • Compensation: US$2.33m

Board Members

  • Bob Bruggeworth (58yo)

    President

    • Tenure: 5.8yrs
    • Compensation: US$7.98m
  • Jeff Gardner (59yo)

    Independent Director

    • Tenure: 4.7yrs
    • Compensation: US$306.45k
  • Rod Nelson (59yo)

    Independent Director

    • Tenure: 4.7yrs
    • Compensation: US$279.96k
  • Ralph Quinsey (63yo)

    Chairman of the Board & Lead Independent Director

    • Tenure: 4.7yrs
    • Compensation: US$347.96k
  • Wally Rhines (72yo)

    Independent Director

    • Tenure: 4.7yrs
    • Compensation: US$299.96k
  • Walter Wilkinson (73yo)

    Lead Independent Director

    • Tenure: 4.7yrs
    • Compensation: US$300.24k
  • Jack Harding (64yo)

    Independent Director

    • Tenure: 4.7yrs
    • Compensation: US$279.96k
  • David Ho (60yo)

    Independent Director

    • Tenure: 4.7yrs
    • Compensation: US$279.96k
  • Sue Spradley (58yo)

    Independent Director

    • Tenure: 2.7yrs
    • Compensation: US$279.96k

Company Information

Qorvo, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Qorvo, Inc.
  • Ticker: QRVO
  • Exchange: NasdaqGS
  • Founded: 1991
  • Industry: Semiconductors
  • Sector: Semiconductors
  • Market Cap: US$8.949b
  • Shares outstanding: 117.78m
  • Website: https://www.qorvo.com

Number of Employees


Location

  • Qorvo, Inc.
  • 7628 Thorndike Road
  • Greensboro
  • North Carolina
  • 27409
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
QRVONasdaqGS (Nasdaq Global Select)YesNew Common SharesUSUSDJun 1997
2QODB (Deutsche Boerse AG)YesNew Common SharesDEEURJun 1997
0KSJLSE (London Stock Exchange)YesNew Common SharesGBUSDJun 1997

Biography

Qorvo, Inc. provides radio frequency (RF) solutions and technologies for smartphones and other mobile devices, defense and aerospace, Wi-Fi customer premises equipment, cellular base stations, and Internet ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/09/21 01:12
End of Day Share Price2019/09/20 00:00
Earnings2019/06/29
Annual Earnings2019/03/30


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.