Qorvo, Inc. develops and commercializes technologies and products for wireless and wired connectivity worldwide. More Details
Excellent balance sheet with proven track record.
Share Price & News
How has Qorvo's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: QRVO is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 7% a week.
Volatility Over Time: QRVO's weekly volatility (7%) has been stable over the past year.
7 Day Return
1 Year Return
Return vs Industry: QRVO exceeded the US Semiconductor industry which returned 79% over the past year.
Return vs Market: QRVO exceeded the US Market which returned 53.9% over the past year.
Long-Term 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
5 days ago | Simply Wall StShould You Investigate Qorvo, Inc. (NASDAQ:QRVO) At US$192?
2 weeks ago | Simply Wall StCalculating The Intrinsic Value Of Qorvo, Inc. (NASDAQ:QRVO)
4 weeks ago | Simply Wall StWhat Kind Of Shareholders Hold The Majority In Qorvo, Inc.'s (NASDAQ:QRVO) Shares?
Is Qorvo undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: QRVO ($192.27) is trading below our estimate of fair value ($199.67)
Significantly Below Fair Value: QRVO is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: QRVO is poor value based on its PE Ratio (45.4x) compared to the US Semiconductor industry average (39.9x).
PE vs Market: QRVO is poor value based on its PE Ratio (45.4x) compared to the US market (22.5x).
Price to Earnings Growth Ratio
PEG Ratio: QRVO is poor value based on its PEG Ratio (1.7x)
Price to Book Ratio
PB vs Industry: QRVO is good value based on its PB Ratio (4.8x) compared to the US Semiconductor industry average (5x).
How is Qorvo forecast to perform in the next 1 to 3 years based on estimates from 22 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: QRVO's forecast earnings growth (26.1% per year) is above the savings rate (2%).
Earnings vs Market: QRVO's earnings (26.1% per year) are forecast to grow faster than the US market (18.1% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: QRVO's revenue (8.7% per year) is forecast to grow slower than the US market (9.3% per year).
High Growth Revenue: QRVO's revenue (8.7% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: QRVO's Return on Equity is forecast to be high in 3 years time (23.4%)
How has Qorvo performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: QRVO has high quality earnings.
Growing Profit Margin: QRVO's current net profit margins (13%) are higher than last year (11%).
Past Earnings Growth Analysis
Earnings Trend: QRVO's earnings have grown significantly by 73.2% per year over the past 5 years.
Accelerating Growth: QRVO's earnings growth over the past year (40.8%) is below its 5-year average (73.2% per year).
Earnings vs Industry: QRVO earnings growth over the past year (40.8%) exceeded the Semiconductor industry 30%.
Return on Equity
High ROE: QRVO's Return on Equity (10.8%) is considered low.
How is Qorvo's financial position?
Financial Position Analysis
Short Term Liabilities: QRVO's short term assets ($2.3B) exceed its short term liabilities ($613.9M).
Long Term Liabilities: QRVO's short term assets ($2.3B) exceed its long term liabilities ($1.9B).
Debt to Equity History and Analysis
Debt Level: QRVO's debt to equity ratio (38.4%) is considered satisfactory.
Reducing Debt: QRVO's debt to equity ratio has increased from 18% to 38.4% over the past 5 years.
Debt Coverage: QRVO's debt is well covered by operating cash flow (64.4%).
Interest Coverage: QRVO's interest payments on its debt are well covered by EBIT (10.8x coverage).
What is Qorvo current dividend yield, its reliability and sustainability?
Forecast Dividend Yield
Dividend Yield vs Market
Notable Dividend: Unable to evaluate QRVO's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate QRVO's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if QRVO's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if QRVO's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of QRVO's dividend in 3 years as they are not forecast to pay a notable one for the US market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Bob Bruggeworth (59 yo)
Mr. Robert A. Bruggeworth, also known as Bob, serves as President & Director of Qorvo US, Inc. He has been the Chief Executive Officer and President of Qorvo, Inc. since December 2013. Mr. Bruggeworth serv...
CEO Compensation Analysis
Compensation vs Market: Bob's total compensation ($USD7.39M) is below average for companies of similar size in the US market ($USD11.14M).
Compensation vs Earnings: Bob's compensation has been consistent with company performance over the past year.
Experienced Management: QRVO's management team is seasoned and experienced (6.3 years average tenure).
Experienced Board: QRVO's board of directors are considered experienced (6.3 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: QRVO insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Qorvo, Inc.'s company bio, employee growth, exchange listings and data sources
- Name: Qorvo, Inc.
- Ticker: QRVO
- Exchange: NasdaqGS
- Founded: 1957
- Industry: Semiconductors
- Sector: Semiconductors
- Market Cap: US$22.044b
- Shares outstanding: 113.26m
- Website: https://www.qorvo.com
Number of Employees
- Qorvo, Inc.
- 7628 Thorndike Road
- North Carolina
- United States
Qorvo, Inc. develops and commercializes technologies and products for wireless and wired connectivity worldwide. The company operates in two segments, Mobile Products, and Infrastructure and Defense Produc...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/04/16 23:09|
|End of Day Share Price||2021/04/16 00:00|
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.