SPWR

SunPowerNasdaqGS:SPWR Stock Report

Market Cap

US$3.8b

7D

0.4%

1Y

120.0%

Updated

16 Sep, 2021

Data

Company Financials +
SPWR fundamental analysis
Snowflake Score
Valuation4/6
Future Growth2/6
Past Performance4/6
Financial Health3/6
Dividends0/6

SPWR Overview

SunPower Corporation delivers solar solutions worldwide.

SunPower Competitors

Price History & Performance

Summary of all time highs, changes and price drops for SunPower
Historical stock prices
Current Share PriceUS$21.76
52 Week HighUS$9.54
52 Week LowUS$57.52
Beta1.78
1 Month Change2.50%
3 Month Change-14.23%
1 Year Change120.02%
3 Year Change169.64%
5 Year Change163.76%
Change since IPO190.13%

Recent News & Updates

Sep 08
An Intrinsic Calculation For SunPower Corporation (NASDAQ:SPWR) Suggests It's 46% Undervalued

An Intrinsic Calculation For SunPower Corporation (NASDAQ:SPWR) Suggests It's 46% Undervalued

Today we'll do a simple run through of a valuation method used to estimate the attractiveness of SunPower Corporation...

Aug 22
Is Now The Time To Put SunPower (NASDAQ:SPWR) On Your Watchlist?

Is Now The Time To Put SunPower (NASDAQ:SPWR) On Your Watchlist?

It's only natural that many investors, especially those who are new to the game, prefer to buy shares in 'sexy' stocks...

Aug 12

SunPower: Low Margins Keep Me Sidelined

SunPower did a good job in the past few years cleaning up the balance sheet, spinning off Maxeon, and improving gross margins. The Enphase position really helped the company moving forward. I feel like the company has too little earnings power to really generate large free cash flows. Its valuation leaves little upside potential.

Aug 09
Is SunPower Corporation (NASDAQ:SPWR) Potentially Undervalued?

Is SunPower Corporation (NASDAQ:SPWR) Potentially Undervalued?

SunPower Corporation ( NASDAQ:SPWR ), is not the largest company out there, but it saw a double-digit share price rise...

Jul 31

SunPower: Undervalued And Underestimated

The solar industry is set to boom as spending and efficiency continue to improve. SunPower is not only a strong company in the industry, but I believe that they are currently undervalued relative to that industry and that they present a solid investment opportunity. I remain highly bullish on the industry as a whole and on SunPower's long-term prospects in particular.

Shareholder Returns

SPWRUS SemiconductorUS Market
7D0.4%2.1%-0.6%
1Y120.0%54.7%33.6%

Return vs Industry: SPWR exceeded the US Semiconductor industry which returned 54.6% over the past year.

Return vs Market: SPWR exceeded the US Market which returned 33.7% over the past year.

Price Volatility

Is SPWR's price volatile compared to industry and market?
SPWR volatility
SPWR Beta1.78
Industry Beta1.23
Market Beta1

Stable Share Price: SPWR is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 9% a week.

Volatility Over Time: SPWR's weekly volatility (9%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19852,200Peter Faricyhttps://us.sunpower.com

SunPower Corporation delivers solar solutions worldwide. It operates through Residential, Light Commercial; Commercial and Industrial Solutions; and Others segments. The company provides solar energy solutions, including sales to its third-party dealer network and resellers, storage solutions, cash and loan sales, and long-term leases directly to end customers; and sells turn-key engineering, procurement, and construction services, as well as sells energy under power purchase agreements.

SunPower Fundamentals Summary

How do SunPower's earnings and revenue compare to its market cap?
SPWR fundamental statistics
Market CapUS$3.76b
Earnings (TTM)US$548.75m
Revenue (TTM)US$1.23b

6.9x

P/E Ratio

3.1x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
SPWR income statement (TTM)
RevenueUS$1.23b
Cost of RevenueUS$1.01b
Gross ProfitUS$222.62m
Expenses-US$326.13m
EarningsUS$548.75m

Last Reported Earnings

Jul 04, 2021

Next Earnings Date

n/a

Earnings per share (EPS)3.21
Gross Margin18.07%
Net Profit Margin44.54%
Debt/Equity Ratio125.1%

How did SPWR perform over the long term?

See historical performance and comparison

Valuation

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

46.9%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: SPWR ($21.76) is trading below our estimate of fair value ($40.94)

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 (6.9x) compared to the US Semiconductor industry average (29.8x).

PE vs Market: SPWR is good value based on its PE Ratio (6.9x) compared to the US market (17.8x).


Price to Earnings Growth Ratio

PEG Ratio: SPWR is poor value based on its PEG Ratio (6.4x)


Price to Book Ratio

PB vs Industry: SPWR is overvalued based on its PB Ratio (8.5x) compared to the US Semiconductor industry average (4.6x).


Future Growth

How is SunPower forecast to perform in the next 1 to 3 years based on estimates from 9 analysts?

1.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: SPWR's forecast earnings growth (1.1% per year) is below the savings rate (2%).

Earnings vs Market: SPWR's earnings (1.1% 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 (9.7% 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 low in 3 years time (18.5%).


Past Performance

How has SunPower performed over the past 5 years?

49.5%

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 (44.5%) are higher than last year (11%).


Past Earnings Growth Analysis

Earnings Trend: SPWR has become profitable over the past 5 years, growing earnings by 49.5% per year.

Accelerating Growth: SPWR's earnings growth over the past year (299.8%) exceeds its 5-year average (49.5% per year).

Earnings vs Industry: SPWR earnings growth over the past year (299.8%) exceeded the Semiconductor industry 70.4%.


Return on Equity

High ROE: Whilst SPWR's Return on Equity (123.33%) 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 ($408.2M).

Long Term Liabilities: SPWR's short term assets ($1.1B) exceed its long term liabilities ($694.4M).


Debt to Equity History and Analysis

Debt Level: SPWR's debt to equity ratio (125.1%) is considered high.

Reducing Debt: SPWR's debt to equity ratio has reduced from 144.9% to 125.1% 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 (0.7x 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?

1.7yrs

Average management tenure


CEO

Peter Faricy (55 yo)

0.42

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 ( 1.7 years average tenure), which suggests a new team.


Board Members

Experienced Board: SPWR's board of directors are not considered experienced ( 2.2 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: Insufficient data to determine if insiders have bought more shares than they have sold 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 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$3.761b
  • Shares outstanding: 172.86m
  • Website: https://us.sunpower.com

Number of Employees


Location

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

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/16 22:53
End of Day Share Price2021/09/16 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.