SkyWater Technology, Inc. manufactures integrated circuits.
SkyWater Technology Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||US$27.04|
|52 Week High||US$14.25|
|52 Week Low||US$36.80|
|1 Month Change||35.27%|
|3 Month Change||-6.76%|
|1 Year Change||n/a|
|3 Year Change||n/a|
|5 Year Change||n/a|
|Change since IPO||52.42%|
Recent News & Updates
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...
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...
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.
|SKYT||US Semiconductor||US Market|
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.
Stable Share Price: SKYT is more volatile than 90% of US stocks over the past 3 months, typically moving +/- 21% a week.
Volatility Over Time: Insufficient data to determine SKYT's volatility change over the past year.
About the Company
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
|SKYT fundamental statistics|
Is SKYT overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|SKYT income statement (TTM)|
|Cost of Revenue||US$140.28m|
Last Reported Earnings
Jul 04, 2021
Next Earnings Date
|Earnings per share (EPS)||-0.62|
|Net Profit Margin||-14.90%|
How did SKYT perform over the long term?See historical performance and comparison
Is SkyWater Technology 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: SKYT ($27.04) is trading below our estimate of fair value ($58.89)
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 (10.9x) compared to the US Semiconductor industry average (4.5x).
How is SkyWater Technology forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?
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
How has SkyWater Technology performed over the past 5 years?
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.
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.
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.
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.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Tom Sonderman (57 yo)
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 ($USD2.34M).
Compensation vs Earnings: Tom's compensation has increased whilst the company is unprofitable.
Experienced Management: SKYT's management team is not considered experienced ( 0.8 years average tenure), which suggests a new team.
Experienced Board: SKYT's board of directors are not considered experienced ( 0.9 years average tenure), which suggests a new board.
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.
Dilution of Shares: SKYT only recently listed within the past 12 months.
SkyWater Technology, Inc.'s employee growth, exchange listings and data sources
- Name: SkyWater Technology, Inc.
- Ticker: SKYT
- Exchange: NasdaqCM
- Founded: 2017
- Industry: Semiconductors
- Sector: Semiconductors
- Market Cap: US$1.056b
- Shares outstanding: 39.06m
- Website: https://www.skywatertechnology.com
Number of Employees
- SkyWater Technology, Inc.
- 2401 East 86th St.
- United States
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/09/22 00:25|
|End of Day Share Price||2021/09/21 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.