NasdaqGS:SPWR

Stock Analysis Report

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Share Price & News

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


Latest Share Price and Events

Stable Share Price: SPWR is more volatile than 75% of US stocks over the past 3 months, typically moving +/- 10% a week.

Volatility Over Time: SPWR's weekly volatility (10%) has been stable over the past year, but is still higher than 75% of US stocks.


Market Performance


7 Day Return

4.3%

SPWR

2.3%

US Semiconductor

-0.5%

US Market


1 Year Return

165.5%

SPWR

55.6%

US Semiconductor

35.9%

US Market

Return vs Industry: SPWR exceeded the US Semiconductor industry which returned 55.5% over the past year.

Return vs Market: SPWR exceeded the US Market which returned 35.9% over the past year.


Shareholder returns

SPWRIndustryMarket
7 Day4.3%2.3%-0.5%
30 Day-14.3%0.6%0.09%
90 Day-3.6%9.7%3.2%
1 Year305.5%165.5%57.6%55.6%38.0%35.9%
3 Year418.2%239.3%129.6%118.2%62.8%52.6%
5 Year150.2%63.8%298.9%261.9%121.2%96.9%

Long-Term Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

32.6%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: SPWR ($24.77) is trading below our estimate of fair value ($36.76)

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


Price To Earnings Ratio

PE vs Industry: SPWR is good value based on its PE Ratio (8x) compared to the US Semiconductor industry average (34.6x).

PE vs Market: SPWR is good value based on its PE Ratio (8x) compared to the US market (18x).


Price to Earnings Growth Ratio

PEG Ratio: SPWR is good value based on its PEG Ratio (0.7x)


Price to Book Ratio

PB vs Industry: SPWR is overvalued based on its PB Ratio (11.9x) compared to the US Semiconductor industry average (4.7x).


Future Growth

How is SunPower forecast to perform in the next 1 to 3 years based on estimates from 10 analysts?

11.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: SPWR's forecast earnings growth (11.5% per year) is above the savings rate (2%).

Earnings vs Market: SPWR's earnings (11.5% per year) are forecast to grow slower than the US market (14.9% per year).

High Growth Earnings: SPWR's earnings are forecast to grow, but not significantly.

Revenue vs Market: SPWR's revenue (20.6% per year) is forecast to grow faster than the US market (9.2% per year).

High Growth Revenue: SPWR's revenue (20.6% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: SPWR's Return on Equity is forecast to be high in 3 years time (20.6%)


Past Performance

How has SunPower performed over the past 5 years?

40.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: SPWR has a high level of non-cash earnings.

Growing Profit Margin: SPWR's current net profit margins (46.4%) are higher than last year (26.9%).


Past Earnings Growth Analysis

Earnings Trend: SPWR has become profitable over the past 5 years, growing earnings by 40.2% per year.

Accelerating Growth: SPWR's earnings growth over the past year (79.8%) exceeds its 5-year average (40.2% per year).

Earnings vs Industry: SPWR earnings growth over the past year (79.8%) exceeded the Semiconductor industry 55.6%.


Return on Equity

High ROE: Whilst SPWR's Return on Equity (146.14%) is outstanding, this metric is skewed due to their high level of debt.


Financial Health

How is SunPower's financial position?


Financial Position Analysis

Short Term Liabilities: SPWR's short term assets ($1.1B) exceed its short term liabilities ($500.7M).

Long Term Liabilities: SPWR's short term assets ($1.1B) exceed its long term liabilities ($733.2M).


Debt to Equity History and Analysis

Debt Level: SPWR's debt to equity ratio (184.8%) is considered high.

Reducing Debt: SPWR's debt to equity ratio has increased from 115.8% to 184.8% over the past 5 years.

Debt Coverage: SPWR's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: SPWR's interest payments on its debt are not well covered by EBIT (0x coverage).


Balance Sheet


Dividend

What is SunPower current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

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

Growing Dividend: Insufficient data to determine if SPWR'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 SPWR'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?

1.5yrs

Average management tenure


CEO

Peter Faricy (55 yo)

0.25

Tenure

Mr. Peter T. Faricy has been Independent Director at Blue Apron Holdings Inc. since October 15, 2020. He serves as Chief Executive Officer, Director and President at SunPower Corporation since April 19, 20...


Leadership Team

Experienced Management: SPWR's management team is not considered experienced ( 1.5 years average tenure), which suggests a new team.


Board Members

Experienced Board: SPWR's board of directors are not considered experienced ( 2 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: SPWR insiders have only sold shares in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

SunPower Corporation's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: SunPower Corporation
  • Ticker: SPWR
  • Exchange: NasdaqGS
  • Founded: 1985
  • Industry: Semiconductors
  • Sector: Semiconductors
  • Market Cap: US$4.273b
  • Shares outstanding: 172.52m
  • Website: https://us.sunpower.com

Number of Employees


Location

  • SunPower Corporation
  • 51 Rio Robles
  • San Jose
  • California
  • 95134
  • United States

Listings


Biography

SunPower Corporation delivers solar solutions worldwide. It operates through Residential, Light Commercial; Commercial and Industrial Solutions; and Others segments. The company provides solar energy solut...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/08/01 00:29
End of Day Share Price2021/07/30 00:00
Earnings2021/04/04
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.