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SunPower

Nasdaq:SPWR
Snowflake Description

Reasonable growth potential with worrying balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
SPWR
Nasdaq
$1B
Market Cap
  1. Home
  2. US
  3. Semiconductors
Company description

SunPower Corporation researches, develops, manufactures, and delivers solar solutions worldwide. The last earnings update was 69 days ago. More info.


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  • SunPower has significant price volatility in the past 3 months.
SPWR Share Price and Events
7 Day Returns
0.4%
NasdaqGS:SPWR
4.1%
US Semiconductor
-0.1%
US Market
1 Year Returns
-14.2%
NasdaqGS:SPWR
15.6%
US Semiconductor
7.6%
US Market
SPWR Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
SunPower (SPWR) 0.4% 22.8% 37.3% -14.2% -65.9% -77.4%
US Semiconductor 4.1% 10.4% 27.8% 15.6% 105.2% 130.9%
US Market -0.1% 3.7% 10.2% 7.6% 38.1% 46.4%
1 Year Return vs Industry and Market
  • SPWR underperformed the Semiconductor industry which returned 15.6% over the past year.
  • SPWR underperformed the Market in United States of America which returned 7.6% over the past year.
Price Volatility
SPWR
Industry
5yr Volatility vs Market
Related Companies

SPWR Value

 Is SunPower undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of SunPower to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for SunPower.

NasdaqGS:SPWR Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 9 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 14.2%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NasdaqGS:SPWR
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Semiconductor Unlevered Beta Simply Wall St/ S&P Global 1.14
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.138 (1 + (1- 21%) (138.1%))
1.924
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.92
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.924 * 5.96%)
14.2%

Discounted Cash Flow Calculation for NasdaqGS:SPWR using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for SunPower is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

NasdaqGS:SPWR DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 14.2%)
2019 -53.10 Analyst x2 -46.50
2020 78.54 Analyst x3 60.22
2021 60.83 Analyst x2 40.84
2022 50.50 Est @ -16.98% 29.69
2023 44.91 Est @ -11.07% 23.12
2024 41.80 Est @ -6.93% 18.85
2025 40.11 Est @ -4.03% 15.84
2026 39.31 Est @ -2% 13.59
2027 39.08 Est @ -0.58% 11.83
2028 39.24 Est @ 0.41% 10.40
Present value of next 10 years cash flows $177.89
NasdaqGS:SPWR DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $39.24 × (1 + 2.73%) ÷ (14.2% – 2.73%)
$351.51
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $351.51 ÷ (1 + 14.2%)10
$93.18
NasdaqGS:SPWR Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $177.89 + $93.18
$271.07
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $271.07 / 142.37
$1.9
NasdaqGS:SPWR Discount to Share Price
Calculation Result
Value per share (USD) From above. $1.90
Current discount Discount to share price of $7.54
= -1 x ($7.54 - $1.90) / $1.90
-296%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of SunPower is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for SunPower's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are SunPower's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqGS:SPWR PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-30) in USD $-5.76
NasdaqGS:SPWR Share Price ** NasdaqGS (2019-04-23) in USD $7.54
United States of America Semiconductor Industry PE Ratio Median Figure of 69 Publicly-Listed Semiconductor Companies 20.1x
United States of America Market PE Ratio Median Figure of 3,080 Publicly-Listed Companies 18.03x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of SunPower.

NasdaqGS:SPWR PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGS:SPWR Share Price ÷ EPS (both in USD)

= 7.54 ÷ -5.76

-1.31x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • SunPower is loss making, we can't compare its value to the US Semiconductor industry average.
  • SunPower is loss making, we can't compare the value of its earnings to the United States of America market.
Price based on expected Growth
Does SunPower's expected growth come at a high price?
Raw Data
NasdaqGS:SPWR PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -1.31x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 9 Analysts
111.4%per year
United States of America Semiconductor Industry PEG Ratio Median Figure of 64 Publicly-Listed Semiconductor Companies 1.16x
United States of America Market PEG Ratio Median Figure of 2,109 Publicly-Listed Companies 1.55x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for SunPower, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on SunPower's assets?
Raw Data
NasdaqGS:SPWR PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-30) in USD $-1.48
NasdaqGS:SPWR Share Price * NasdaqGS (2019-04-23) in USD $7.54
United States of America Semiconductor Industry PB Ratio Median Figure of 107 Publicly-Listed Semiconductor Companies 2.81x
United States of America Market PB Ratio Median Figure of 5,185 Publicly-Listed Companies 1.92x
NasdaqGS:SPWR PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGS:SPWR Share Price ÷ Book Value per Share (both in USD)

= 7.54 ÷ -1.48

-5.1x

* Primary Listing of SunPower.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • SunPower has negative assets, we can't compare the value of its assets to the US Semiconductor industry average.
X
Value checks
We assess SunPower's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Semiconductor industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Semiconductor industry average (and greater than 0)? (1 check)
  5. SunPower has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

SPWR Future Performance

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

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
111.4%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is SunPower expected to grow at an attractive rate?
  • SunPower's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • SunPower's earnings growth is expected to exceed the United States of America market average.
  • SunPower's revenue growth is expected to exceed the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NasdaqGS:SPWR Future Growth Rates Data Sources
Data Point Source Value (per year)
NasdaqGS:SPWR Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 9 Analysts 111.4%
NasdaqGS:SPWR Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 9 Analysts 11.9%
United States of America Semiconductor Industry Earnings Growth Rate Market Cap Weighted Average 11.4%
United States of America Semiconductor Industry Revenue Growth Rate Market Cap Weighted Average 5.4%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.5%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.1%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NasdaqGS:SPWR Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 9 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqGS:SPWR Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 2,433 47 41 3
2020-12-31 2,287 69 -45 6
2019-12-31 2,015 -14 -195 5
2018-12-31 1,838 -397 -663 8
NasdaqGS:SPWR Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-12-30 1,726 -543 -811
2018-09-30 1,998 -469 -1,148
2018-07-01 2,056 -334 -1,104
2018-04-01 1,935 -374 -747
2017-12-31 1,794 -267 -929
2017-10-01 2,168 171 -632
2017-07-02 2,411 69 -626
2017-04-02 2,504 -69 -605
2017-01-01 2,553 -312 -449
2016-10-02 1,909 -1,095 -324
2016-07-03 1,560 -1,071 -339
2016-04-03 1,520 -983 -263
2016-01-03 1,576 -726 -187

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • SunPower's earnings are expected to grow significantly at over 20% yearly.
  • SunPower's revenue is expected to grow by 11.9% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NasdaqGS:SPWR Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 9 Analyst Estimates (S&P Global) See Below

All data from SunPower Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:SPWR Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 0.28 0.34 0.22 2.00
2020-12-31 -0.39 -0.04 -0.79 3.00
2019-12-31 -1.27 -1.10 -1.35 4.00
2018-12-31 -4.67 -1.47 -5.63 6.00
NasdaqGS:SPWR Past Financials Data
Date (Data in USD Millions) EPS *
2018-12-30 -5.76
2018-09-30 -8.17
2018-07-01 -7.88
2018-04-01 -5.35
2017-12-31 -6.67
2017-10-01 -4.54
2017-07-02 -4.51
2017-04-02 -4.37
2017-01-01 -3.25
2016-10-02 -2.35
2016-07-03 -2.48
2016-04-03 -1.93
2016-01-03 -1.39

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if SunPower will efficiently use shareholders’ funds in the future (Return on Equity greater than 20%) as it is not expected to be profitable.
X
Future performance checks
We assess SunPower's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
SunPower has a total score of 4/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

SPWR Past Performance

  How has SunPower performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare SunPower's growth in the last year to its industry (Semiconductor).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • SunPower does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare SunPower's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare SunPower's 1-year growth to the US Semiconductor industry average as it is not currently profitable.
Earnings and Revenue History
SunPower's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from SunPower Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:SPWR Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-30 1,726.09 -811.09 238.91 68.91
2018-09-30 1,998.15 -1,147.61 277.32 72.82
2018-07-01 2,055.72 -1,104.01 269.58 77.82
2018-04-01 1,934.61 -747.41 274.76 79.16
2017-12-31 1,794.05 -929.12 278.65 82.25
2017-10-01 2,167.80 -631.59 271.02 84.82
2017-07-02 2,411.31 -625.90 282.69 92.28
2017-04-02 2,503.78 -605.38 298.67 103.94
2017-01-01 2,552.64 -448.64 332.76 116.89
2016-10-02 1,909.04 -323.57 368.19 124.63
2016-07-03 1,559.91 -339.35 369.23 121.45
2016-04-03 1,520.48 -262.85 366.06 110.60
2016-01-03 1,576.47 -187.02 345.49 99.06
2015-09-27 2,366.35 75.32 314.34 89.43
2015-06-28 2,648.86 163.68 301.63 81.74
2015-03-29 2,775.71 171.27 291.61 77.77
2014-12-28 3,027.27 245.89 288.32 73.34
2014-09-28 2,501.16 133.52 289.95 67.59
2014-06-29 2,495.55 209.87 284.78 65.20
2014-03-30 2,564.19 215.33 275.32 61.66
2013-12-29 2,507.20 95.59 271.48 58.08
2013-09-29 2,547.59 -71.52 277.51 56.58
2013-06-30 2,539.42 -228.44 284.00 56.63
2013-03-31 2,558.80 -332.19 284.44 57.70
2012-12-30 2,417.50 -352.02 310.25 61.26
2012-09-30 2,364.25 -300.21 282.50 62.00
2012-07-01 2,420.73 -622.46 289.12 59.70

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if SunPower has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) due to its liabilities exceeding its assets.
  • It is difficult to establish if SunPower has efficiently used its assets last year compared to the US Semiconductor industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if SunPower improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess SunPower's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Semiconductor industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
SunPower has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

SPWR Health

 How is SunPower's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up SunPower's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • SunPower is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • SunPower's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of SunPower's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • SunPower has negative shareholder equity (liabilities exceed assets) therefore debt is not covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from SunPower Company Filings, last reported 3 months ago.

NasdaqGS:SPWR Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-30 -149.89 1,482.53 309.41
2018-09-30 51.01 1,989.29 220.79
2018-07-01 144.98 1,839.71 256.69
2018-04-01 595.36 2,098.73 260.67
2017-12-31 707.62 2,085.68 435.10
2017-10-01 953.56 2,118.94 275.00
2017-07-02 981.43 2,087.67 327.28
2017-04-02 1,038.91 1,984.43 387.38
2017-01-01 1,190.94 1,870.79 425.31
2016-10-02 1,428.61 2,296.79 383.87
2016-07-03 1,442.15 2,230.58 590.09
2016-04-03 1,488.50 1,842.93 555.18
2016-01-03 1,577.74 1,774.05 954.53
2015-09-27 1,646.69 1,138.94 502.88
2015-06-28 1,642.31 1,089.20 623.04
2015-03-29 1,590.37 1,157.60 601.57
2014-12-28 1,604.60 1,314.79 956.18
2014-09-28 1,447.36 1,224.15 922.73
2014-06-29 1,402.28 1,221.12 980.86
2014-03-30 1,190.39 1,021.95 754.74
2013-12-29 1,153.78 1,018.51 762.51
2013-09-29 1,108.84 1,015.21 743.58
2013-06-30 979.85 998.50 680.48
2013-03-31 942.75 754.22 505.59
2012-12-30 993.35 865.55 457.49
2012-09-30 1,120.28 827.44 377.13
2012-07-01 1,162.06 834.99 366.25
  • SunPower has negative shareholder equity (liabilities exceed assets), this is a more serious situation compared with a high debt level.
  • Irrelevant to check if SunPower's debt level has increased considering it has negative shareholder equity.
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.

  • SunPower has less than a year of cash runway based on current free cash flow.
  • SunPower has less than a year of cash runway if free cash flow continues to reduce at historical rates of -34.4% each year.
X
Financial health checks
We assess SunPower's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. SunPower has a total score of 1/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

SPWR Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from SunPower dividends. Estimated to be 0% next year.
If you bought $2,000 of SunPower shares you are expected to receive $0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate SunPower's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate SunPower's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NasdaqGS:SPWR Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 9 Analyst Estimates (S&P Global) See Below
United States of America Semiconductor Industry Average Dividend Yield Market Cap Weighted Average of 32 Stocks 2.1%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2008 Stocks 2.4%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NasdaqGS:SPWR Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 0.00 3.00
2020-12-31 0.00 6.00
2019-12-31 0.00 6.00
2018-12-31 0.00 6.00

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as SunPower has not reported any payouts.
  • Unable to verify if SunPower's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of SunPower's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as SunPower has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of SunPower's dividends in 3 years as they are not expected to pay a notable one for United States of America.
X
Income/ dividend checks
We assess SunPower's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can SunPower afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. SunPower has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

SPWR Management

 What is the CEO of SunPower's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Tom Werner
COMPENSATION $4,008,687
AGE 58
TENURE AS CEO 15.8 years
CEO Bio

Mr. Thomas H. Werner, also known as Tom, is a Partner of Inspovation Ventures. Mr. Werner has been the Chief Executive Officer of SunPower Corporation June 2003 and was its President since May 2010 until 2018. Prior to SunPower, from July 2001 to June 2003, he held the position of Chief Executive Officer of Silicon Light Machines, Inc and serves as its Director. He served as the Chief Executive Officer of Cardinal Minerals Inc. since June 24, 2003. He has technical expertise, and significant executive leadership and operational management experience gained at businesses in the technology sector, and the semiconductor industry. From October 1998 to May 2001, Mr. Werner was the Vice President and General Manager of the Business Connectivity Group of 3Com Corp. He also served as Vice President of the Manufacturing Personal Communication Division of U.S. Robotics. He has also held a number of executive management positions at Oak Industries, Inc. and General Electric Co. He served in various positions at Oak Frequency Control, lastly as President of the Networks Group and McCoy International unit from February 1994 to January 1996. He has been the Chairman at SunPower Corporation since May 2011 and has been its Director since June 2003. He serves as the Chairman of Silicon Valley Leadership Group. He has been a Director of Silver Spring Networks, Inc. since March 2009 until January 2018. He has been an Independent Director of Cree, Inc. since March 28, 2006. He served as a Director of Three Five Systems Inc. since March 1999. He is also on the Board of Trustees of Marquette University. He served as a Director of Exar Corp. since July 2004. Mr. Werner holds a master's degree in Business Administration from George Washington University in 1995, bachelor of Science (BS) in Electrical Engineering from Marquette University in 1987 and bachelor of Science (BS) in Industrial Engineering from the University of Wisconsin Madison in 1982.

CEO Compensation
  • Tom's compensation has been consistent with company performance over the past year.
  • Tom's remuneration is higher than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the SunPower management team in years:

2.4
Average Tenure
57
Average Age
  • The tenure for the SunPower management team is about average.
Management Team

Tom Werner

TITLE
Chairman & CEO
COMPENSATION
$4M
AGE
58
TENURE
15.8 yrs

Manavendra Sial

TITLE
Executive VP & CFO
COMPENSATION
$3M
AGE
41
TENURE
0.9 yrs

Doug Richards

TITLE
Executive Vice President of Administration
COMPENSATION
$1M
AGE
59
TENURE
7.4 yrs

Ken Mahaffey

TITLE
Executive VP
COMPENSATION
$1M
AGE
49
TENURE
2.4 yrs

Bill Mulligan

TITLE
Technical & Management Consultant
COMPENSATION
$2M
AGE
57

Vichheka Heang

TITLE
Corporate Controller & Principal Accounting Officer
AGE
38
TENURE
0.2 yrs

Bob Okunski

TITLE
Senior Director of Investor Relations
TENURE
11.1 yrs

Peter Aschenbrenner

TITLE
Executive Vice President of Corporate Strategy & Business Development
COMPENSATION
$472K
AGE
62

Bobby Ram

TITLE
Managing Director of Specialty Products

Nam Nguyen

TITLE
Executive VP & GM of Commercial Solar
TENURE
1.3 yrs
Board of Directors Tenure

Average tenure and age of the SunPower board of directors in years:

2.8
Average Tenure
55
Average Age
  • The average tenure for the SunPower board of directors is less than 3 years, this suggests a new board.
Board of Directors

Pat Wood

TITLE
Lead Independent Director
COMPENSATION
$425K
AGE
55
TENURE
6.8 yrs

Tom Werner

TITLE
Chairman & CEO
COMPENSATION
$4M
AGE
58
TENURE
7.9 yrs

Tom McDaniel

TITLE
Independent Director
COMPENSATION
$400K
AGE
69
TENURE
10.2 yrs

Cathie Lesjak

TITLE
Independent Director
COMPENSATION
$400K
AGE
59
TENURE
6.3 yrs

Ladislas Paszkiewicz

TITLE
Director
AGE
55
TENURE
2.8 yrs

Helle Kristoffersen

TITLE
Director
AGE
54
TENURE
2.6 yrs

Julien Pouget

TITLE
Director
AGE
41
TENURE
2.3 yrs

François Badoual

TITLE
Director
AGE
53
TENURE
1.4 yrs

Antoine Larenaudie

TITLE
Director
AGE
59
TENURE
1.4 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
08. Jan 19 Sell Vidul Prakash Individual 27. Nov 18 27. Nov 18 -24,826 $6.88 $-170,803
03. Jan 19 Sell William Mulligan Individual 31. Dec 18 31. Dec 18 -822 $5.06 $-4,155
X
Management checks
We assess SunPower's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. SunPower has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

SPWR News

Simply Wall St News

Market Sentiment Around Loss-Making SunPower Corporation (NASDAQ:SPWR)

SunPower Corporation researches, develops, manufactures, and delivers solar solutions worldwide. … The most pressing concern for investors is SPWR’s path to profitability – when will it breakeven. … In this article, I will touch on the expectations for SPWR’s growth and when analysts expect the company to become profitable

Simply Wall St -

The SunPower (NASDAQ:SPWR) Share Price Is Down 80% So Some Shareholders Are Rather Upset

Five years have seen the share price descend precipitously, down a full 80%. … SunPower isn't a profitable company, so it is unlikely we'll see a strong correlation between its share price and its earnings per share (EPS). … The share price fall of 27% (per year, over five years) is a stern reminder that money-losing companies are expected to grow revenue.

Simply Wall St -

How Many Insiders Sold SunPower Corporation (NASDAQ:SPWR) Shares?

So before you buy or sell SunPower Corporation (NASDAQ:SPWR), you may well want to know whether insiders have been buying or selling. … But logic dictates you should pay some attention to whether insiders are buying or selling shares. … We generally tread carefully if insiders have been selling on market, even if they sold slightly above the current price.

Simply Wall St -

Our Take On SunPower Corporation's (NASDAQ:SPWR) CEO Salary

First, this article will compare CEO compensation with compensation at similar sized companies. … View our latest analysis for SunPower … How Does Tom Werner's Compensation Compare With Similar Sized Companies?

Simply Wall St -

How Many SunPower Corporation (NASDAQ:SPWR) Shares Do Institutions Own?

Insiders often own a large chunk of younger, smaller, companies while huge companies tend to have institutions as shareholders. … We also tend to see lower insider ownership in companies that were previously publicly owned. … We can zoom in on the different ownership groups, to learn more about SPWR

Simply Wall St -

What Is SunPower Corporation's (NASDAQ:SPWR) Share Price Doing?

received a lot of attention from a substantial price movement on the NasdaqGS over the last few months, increasing to $8.07 at one point, and dropping to the lows of $5.94. … A question to answer is whether SunPower's current trading price of $6.23 reflective of the actual value of the? … Let’s take a look at SunPower’s outlook and value based on the most recent financial data to see if there are any catalysts for a price change

Simply Wall St -

Why SunPower Corporation's (NASDAQ:SPWR) CEO Salary Matters To You

This analysis aims first to contrast CEO compensation with other companies that have similar market capitalization. … According to our data, SunPower Corporation has a market capitalization of US$946m, and pays its CEO total annual compensation worth US$4m. … As you can see, Tom Werner is paid more than the median CEO pay at companies of a similar size, in the same market

Simply Wall St -

What Does SunPower Corporation's (NASDAQ:SPWR) Share Price Indicate?

As a stock with high coverage by analysts, you could assume any recent changes in the company’s outlook is already priced into the stock? … However, what if the stock is still a bargain. … Let’s examine SunPower’s valuation and outlook in more detail to determine if there’s still a bargain opportunity

Simply Wall St -

Should SunPower Corporation's (NASDAQ:SPWR) Recent Earnings Decline Worry You?

In this article, I will take a look at SunPower Corporation's (NASDAQ:SPWR) most recent earnings update (01 April 2018) and compare these latest figures against its performance over the past few years, along with how the rest of SPWR's industry performed. … Was SPWR's recent earnings decline worse than the long-term trend and the industry. … SPWR is loss-making, with the most recent trailing twelve-month earnings of -US$747.41m (from 01 April 2018), which compared to last year has become.

Simply Wall St -

SunPower Corporation (NASDAQ:SPWR): Time For A Financial Health Check

How does SPWR’s operating cash flow stack up against its debt? … Moving onto cash from operations, its small level of operating cash flow means calculating cash-to-debt wouldn't be too useful, though these low levels of cash means that operational efficiency is worth a look. … Maintaining a high level of debt, while revenues are still below costs, can be dangerous as liquidity tends to dry up in unexpected downturns.Next Steps: SPWR’s cash flow coverage indicates it could improve its operating efficiency in order to meet demand for debt repayments should unforeseen events arise.

Simply Wall St -

SPWR Company Info

Description

SunPower Corporation researches, develops, manufactures, and delivers solar solutions worldwide. It operates through three segments: Residential, Commercial, and Power Plant. The company provides solar power components, including panels and system components, primarily to dealers, system integrators, and distributors. It also offers commercial rooftop and ground-mounted solar power systems, and residential mounting systems. In addition, the company provides post-installation operations and maintenance services. Further, it leases solar power systems to residential customers; and sells inverters manufactured by third parties. The company also serves investors, financial institutions, project developers, electric utilities, independent power producers, commercial and governmental entities, production home builders, residential owners, and small commercial building owners. The company was incorporated in 1985 and is headquartered in San Jose, California. SunPower Corporation is a subsidiary of Total Solar International SAS.

Details
Name: SunPower Corporation
SPWR
Exchange: NasdaqGS
Founded: 1985
$1,073,490,338
142,372,724
Website: http://global.sunpower.com
Address: SunPower Corporation
77 Rio Robles,
San Jose,
California, 95134,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGS SPWR Common Stock Nasdaq Global Select US USD 17. Nov 2011
DB S9P2 Common Stock Deutsche Boerse AG DE EUR 17. Nov 2011
LSE 0R0V Common Stock London Stock Exchange GB USD 17. Nov 2011
Number of employees
Current staff
Staff numbers
6,600
SunPower employees.
Industry
Semiconductors
Semiconductors
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/24 00:32
End of day share price update: 2019/04/23 00:00
Last estimates confirmation: 2019/04/17
Last earnings filing: 2019/02/14
Last earnings reported: 2018/12/30
Last annual earnings reported: 2018/12/30


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.