NasdaqGS:SPWR

Stock Analysis Report

Executive Summary

SunPower Corporation researches, develops, manufactures, and delivers solar solutions worldwide.

Snowflake

Fundamentals

Concerning outlook with weak fundamentals.


Similar Companies

Share Price & News

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


Latest Share Price and Events


Market Performance


7 Day Return

-0.8%

SPWR

-0.04%

US Semiconductor

0.5%

US Market


1 Year Return

41.9%

SPWR

21.6%

US Semiconductor

6.8%

US Market

Return vs Industry: SPWR exceeded the US Semiconductor industry which returned 21.6% over the past year.

Return vs Market: SPWR exceeded the US Market which returned 6.8% over the past year.


Shareholder returns

SPWRIndustryMarket
7 Day-0.8%-0.04%0.5%
30 Day-34.8%1.0%-0.8%
90 Day-9.5%1.4%-0.9%
1 Year41.9%41.9%24.0%21.6%9.2%6.8%
3 Year11.1%11.1%80.0%69.4%45.6%36.2%
5 Year-68.3%-68.3%132.7%108.5%63.2%45.4%

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?


Share Price vs. Fair Value

Below Fair Value: SPWR ($9.58) is trading above our estimate of fair value ($6.12)

Significantly Below Fair Value: SPWR is trading above our estimate of fair value.


Price To Earnings Ratio

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

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


Price to Book Ratio

PB vs Industry: SPWR has negative assets, so we can't compare its PB Ratio to the US Semiconductor industry average.


Next Steps

Future Growth

How is SunPower forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?

53.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: SPWR is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: SPWR is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: SPWR is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: SPWR's revenue (16.3% per year) is forecast to grow faster than the US market (7.2% per year).

High Growth Revenue: SPWR's revenue (16.3% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

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


Next Steps

Past Performance

How has SunPower performed over the past 5 years?

-50.6%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: SPWR is unprofitable, and losses have increased over the past 5 years at a rate of -50.6% per year.

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

Earnings vs Industry: SPWR is unprofitable, making it difficult to compare its past year earnings growth to the Semiconductor industry (-6.2%).


Return on Equity

High ROE: SPWR's liabilities exceed its assets, so it is difficult to calculate its Return on Equity.


Return on Assets

ROA vs Industry: SPWR is currently unprofitable, so its Return on Assets is negative.


Return on Capital Employed

ROCE Improving: SPWR is currently unprofitable, so its Return on Capital Employed is negative.


Next Steps

Financial Health

How is SunPower's financial position?


Financial Position Analysis

Short Term Liabilities: SPWR has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.

Long Term Liabilities: SPWR has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.


Debt to Equity History and Analysis

Debt Level: SPWR has negative shareholder equity, which is a more serious situation than a high debt level.

Reducing Debt: SPWR's has negative shareholder equity, so we do not need to check if its debt has reduced over time.


Balance Sheet

Inventory Level: SPWR has a high level of physical assets or inventory.

Debt Coverage by Assets: SPWR has negative shareholder equity (liabilities exceed assets) therefore debt is not covered by short term assets.


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: SPWR has less than a year of cash runway based on its current free cash flow.

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


Next Steps

Dividend

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


Dividend Yield vs Market

companyn/amarketbottom25%1.4%markettop25%3.7%industryaverage2.2%forecastin3Years0%

Current dividend yield vs market & industry


Stability and Growth of Payments

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

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

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

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

1.8yrs

Average management tenure


CEO

Tom Werner (59yo)

16.3yrs

Tenure

US$4,008,687

Compensation

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 serves as its President since May 2010.  ...


CEO Compensation Analysis

Compensation vs. Market: Tom's total compensation ($USD4.01M) is about average for companies of similar size in the US market ($USD4.00M).

Compensation vs Earnings: Tom's compensation has been consistent with company performance over the past year.


Management Age and Tenure

1.8yrs

Average Tenure

58yo

Average Age

Experienced Management: SPWR's management team is not considered experienced ( 1.8 years average tenure), which suggests a new team.


Board Age and Tenure

4.8yrs

Average Tenure

59yo

Average Age

Experienced Board: SPWR's board of directors are considered experienced (4.8 years average tenure).


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

SellUS$170,80308 Jan 19
Vidul Prakash
EntityIndividual
Shares24,826
Max PriceUS$6.88
SellUS$4,15503 Jan 19
William Mulligan
EntityIndividual
Role
Consultant
Technical & Management Consultant
Shares822
Max PriceUS$5.06

Ownership Breakdown


Management Team

  • Peter Aschenbrenner (63yo)

    Executive Vice President of Corporate Strategy & Business Development

    • Tenure: 0yrs
    • Compensation: US$472.45k
  • Tom Werner (59yo)

    Chairman

    • Tenure: 16.3yrs
    • Compensation: US$4.01m
  • Doug Richards (60yo)

    Executive Vice President of Administration

    • Tenure: 7.9yrs
    • Compensation: US$1.40m
  • Bob Okunski

    Vice President of Investor Relations

    • Tenure: 0yrs
  • Bobby Ram

    Managing Director of Specialty Products

    • Tenure: 0yrs
  • Bill Mulligan (58yo)

    Technical & Management Consultant

    • Tenure: 0.5yrs
    • Compensation: US$1.51m
  • Manavendra Sial (42yo)

    Executive VP & CFO

    • Tenure: 1.4yrs
    • Compensation: US$2.73m
  • Ken Mahaffey (50yo)

    Executive VP

    • Tenure: 2.9yrs
    • Compensation: US$1.27m
  • Nam Nguyen

    Executive VP & GM of Commercial Solar

    • Tenure: 1.8yrs
  • Vichheka Heang (39yo)

    Corporate Controller & Principal Accounting Officer

    • Tenure: 0.7yrs

Board Members

  • Tom Werner (59yo)

    Chairman

    • Tenure: 16.3yrs
    • Compensation: US$4.01m
  • Tom McDaniel (70yo)

    Independent Director

    • Tenure: 10.7yrs
    • Compensation: US$400.01k
  • Cathie Lesjak (60yo)

    Independent Director

    • Tenure: 6.8yrs
    • Compensation: US$400.01k
  • Pat Wood (56yo)

    Lead Independent Director

    • Tenure: 7.3yrs
    • Compensation: US$425.01k
  • François Badoual (54yo)

    Director

    • Tenure: 1.9yrs
  • Julien Pouget (42yo)

    Director

    • Tenure: 2.8yrs
  • Antoine Larenaudie (60yo)

    Director

    • Tenure: 1.9yrs
  • Franck Trochet

    Director

    • Tenure: 0.3yrs
  • Thomas Rebeyrol

    Director

    • Tenure: 0yrs

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$1.365b
  • Shares outstanding: 142.53m
  • Website: https://us.sunpower.com

Number of Employees


Location

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

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
SPWRNasdaqGS (Nasdaq Global Select)YesCommon StockUSUSDNov 2011
S9P2DB (Deutsche Boerse AG)YesCommon StockDEEURNov 2011
0R0VLSE (London Stock Exchange)YesCommon StockGBUSDNov 2011

Biography

SunPower Corporation researches, develops, manufactures, and delivers solar solutions worldwide. It operates through three segments: Residential, Commercial, and Power Plant. The company provides solar pow ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/21 00:14
End of Day Share Price2019/10/18 00:00
Earnings2019/06/30
Annual Earnings2018/12/30


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.