SKYT

SkyWater TechnologyNasdaqCM:SKYT Stock Report

Market Cap

US$1.2b

7D

-1.3%

1Y

n/a

Updated

19 Sep, 2021

Data

Company Financials +
SKYT fundamental analysis
Snowflake Score
Valuation2/6
Future Growth5/6
Past Performance0/6
Financial Health1/6
Dividends0/6

SKYT Overview

SkyWater Technology, Inc. manufactures integrated circuits.

SkyWater Technology Competitors

Price History & Performance

Summary of all time highs, changes and price drops for SkyWater Technology
Historical stock prices
Current Share PriceUS$30.83
52 Week HighUS$14.25
52 Week LowUS$36.80
Beta0
1 Month Change54.23%
3 Month Change10.03%
1 Year Changen/a
3 Year Changen/a
5 Year Changen/a
Change since IPO73.79%

Recent News & Updates

Sep 13
SkyWater Technology, Inc.'s (NASDAQ:SKYT) Intrinsic Value Is Potentially 89% Above Its Share Price

SkyWater Technology, Inc.'s (NASDAQ:SKYT) Intrinsic Value Is Potentially 89% Above Its Share Price

Today we will run through one way of estimating the intrinsic value of SkyWater Technology, Inc. ( NASDAQ:SKYT ) by...

Aug 06
Analyst Forecasts Just Became More Bearish On SkyWater Technology, Inc. (NASDAQ:SKYT)

Analyst Forecasts Just Became More Bearish On SkyWater Technology, Inc. (NASDAQ:SKYT)

Market forces rained on the parade of SkyWater Technology, Inc. ( NASDAQ:SKYT ) shareholders today, when the analysts...

Jul 28

SkyWater Technology - Market Participants' Misconceptions Behind Both The Recent Rally And Tuesday's Selloff - Buy

Following a very successful IPO earlier this year, shares of SkyWater Technology sold off on perceived weak preliminary Q2 numbers. Adjusted for outsized Q1 tooling revenue contributions, sequential revenue growth of up to 20% looks decent. Analysts likely failed to adjust their models to a more sustainable tooling revenue contribution going forward, thus causing FY2021 growth estimates to be overly aggressive. Expect the analyst community to remain supportive despite the near-term requirement to lower estimates given still respectable potential year-over-year top line growth of 40%+. Going forward, the company needs to do a better job managing market participants' expectations by providing at least quarterly guidance and breaking out tooling revenues. Speculative investors should consider using Tuesday's selloff as a buying opportunity.

Shareholder Returns

SKYTUS SemiconductorUS Market
7D-1.3%-0.04%-0.6%
1Yn/a55.0%33.8%

Return vs Industry: Insufficient data to determine how SKYT performed against the US Semiconductor industry.

Return vs Market: Insufficient data to determine how SKYT performed against the US Market.

Price Volatility

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

Stable Share Price: SKYT is more volatile than 90% of US stocks over the past 3 months, typically moving +/- 20% a week.

Volatility Over Time: Insufficient data to determine SKYT's volatility change over the past year.

About the Company

FoundedEmployeesCEOWebsite
2017500Tom Sondermanhttps://www.skywatertechnology.com

SkyWater Technology, Inc. manufactures integrated circuits. The company provides technology services for various microelectronics comprising integrated circuits (ICs); and related micro- and nanotechnology applications. It serves customers developing and manufacturing ICs in various markets, including aerospace and defense, automotive, computing and cloud, consumer, industrial, and medical.

SkyWater Technology Fundamentals Summary

How do SkyWater Technology's earnings and revenue compare to its market cap?
SKYT fundamental statistics
Market CapUS$1.20b
Earnings (TTM)-US$24.14m
Revenue (TTM)US$162.07m

7.4x

P/S Ratio

-49.9x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
SKYT income statement (TTM)
RevenueUS$162.07m
Cost of RevenueUS$140.28m
Gross ProfitUS$21.78m
ExpensesUS$45.92m
Earnings-US$24.14m

Last Reported Earnings

Jul 04, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.62
Gross Margin13.44%
Net Profit Margin-14.90%
Debt/Equity Ratio69.5%

How did SKYT perform over the long term?

See historical performance and comparison

Valuation

Is SkyWater Technology undervalued compared to its fair value and its price relative to the market?

47.9%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: SKYT ($30.83) is trading below our estimate of fair value ($59.18)

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


Price To Earnings Ratio

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

PE vs Market: SKYT 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 SKYT's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: SKYT is overvalued based on its PB Ratio (12.4x) compared to the US Semiconductor industry average (4.4x).


Future Growth

How is SkyWater Technology forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

79.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: SKYT is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2%).

Earnings vs Market: SKYT is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: SKYT's is expected to become profitable in the next 3 years.

Revenue vs Market: SKYT's revenue (22.7% per year) is forecast to grow faster than the US market (9.8% per year).

High Growth Revenue: SKYT's revenue (22.7% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if SKYT's Return on Equity is forecast to be high in 3 years time


Past Performance

How has SkyWater Technology performed over the past 5 years?

-83.8%

Last years earnings growth


Earnings and Revenue History

Quality Earnings: SKYT is currently unprofitable.

Growing Profit Margin: SKYT is currently unprofitable.


Past Earnings Growth Analysis

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

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

Earnings vs Industry: SKYT is unprofitable, making it difficult to compare its past year earnings growth to the Semiconductor industry (70.6%).


Return on Equity

High ROE: SKYT has a negative Return on Equity (-22.33%), as it is currently unprofitable.


Financial Health

How is SkyWater Technology's financial position?


Financial Position Analysis

Short Term Liabilities: SKYT's short term assets ($130.8M) exceed its short term liabilities ($67.0M).

Long Term Liabilities: SKYT's short term assets ($130.8M) do not cover its long term liabilities ($156.3M).


Debt to Equity History and Analysis

Debt Level: SKYT's debt to equity ratio (69.5%) is considered high.

Reducing Debt: Insufficient data to determine if SKYT'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: SKYT has less than a year of cash runway based on its current free cash flow.

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


Dividend

What is SkyWater Technology current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

High Dividend: Unable to evaluate SKYT'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 SKYT's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if SKYT'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 SKYT'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

Tom Sonderman (57 yo)

0.75

Tenure

US$392,999

Compensation

Mr. Thomas Sonderman, also known as Tom, is President and Chief Executive Officer at SkyWater Technology, Inc. since December 2020 and has been its Director since October 2020. He has been Chief Executive...


CEO Compensation Analysis

Compensation vs Market: Tom's total compensation ($USD393.00K) is below average for companies of similar size in the US market ($USD3.69M).

Compensation vs Earnings: Tom's compensation has increased whilst the company is unprofitable.


Leadership Team

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


Board Members

Experienced Board: SKYT's board of directors are not considered experienced ( 0.9 years average tenure), which suggests a new board.


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.


Ownership Breakdown

Dilution of Shares: SKYT only recently listed within the past 12 months.


Top Shareholders

Company Information

SkyWater Technology, Inc.'s employee growth, exchange listings and data sources


Key Information

  • Name: SkyWater Technology, Inc.
  • Ticker: SKYT
  • Exchange: NasdaqCM
  • Founded: 2017
  • Industry: Semiconductors
  • Sector: Semiconductors
  • Market Cap: US$1.204b
  • Shares outstanding: 39.06m
  • Website: https://www.skywatertechnology.com

Number of Employees


Location

  • SkyWater Technology, Inc.
  • 2401 East 86th St.
  • Bloomington
  • Minnesota
  • 55425
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/19 22:17
End of Day Share Price2021/09/17 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.