| Snowflake Score | |
|---|---|
| Valuation | 4/6 |
| Future Growth | 2/6 |
| Past Performance | 6/6 |
| Financial Health | 5/6 |
| Dividends | 3/6 |
SWKS Stock Overview
Skyworks Solutions, Inc., together with its subsidiaries, designs, develops, manufactures, and markets proprietary semiconductor products, including intellectual property in the United States, China, South Korea, Taiwan, Europe, the Middle East, Africa, and rest of Asia-Pacific.
Skyworks Solutions Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$139.90 |
| 52 Week High | US$204.00 |
| 52 Week Low | US$139.61 |
| Beta | 1.1 |
| 1 Month Change | -8.21% |
| 3 Month Change | -15.27% |
| 1 Year Change | -13.25% |
| 3 Year Change | 93.05% |
| 5 Year Change | 52.05% |
| Change since IPO | 2,703.61% |
Recent News & Updates
Skyworks, RF, Apple, And The Cirrus Logic Model
We doubt the validity of recent news claiming Apple is planning to abandon Skyworks and Broadcom products in its future mobile devices. It appears that Apple is headed toward designing out all of Qualcomm's products in the next 2-5 years. We do expect Apple to develop closer relationships with both Broadcom and Skyworks for the purpose of developing simpler RF designs. Both Broadcom and Skyworks may lose some ASP and margin in the process. In our view, it's about following the Cirrus Logic Model.
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Shareholder Returns
| SWKS | US Semiconductor | US Market | |
|---|---|---|---|
| 7D | -10.1% | -8.4% | -4.0% |
| 1Y | -13.3% | 15.7% | 6.6% |
Return vs Industry: SWKS underperformed the US Semiconductor industry which returned 22.2% over the past year.
Return vs Market: SWKS underperformed the US Market which returned 7.7% over the past year.
Price Volatility
| SWKS volatility | |
|---|---|
| SWKS Average Weekly Movement | 4.5% |
| Semiconductor Industry Average Movement | 7.7% |
| Market Average Movement | 6.6% |
| 10% most volatile stocks in US Market | 15.7% |
| 10% least volatile stocks in US Market | 2.4% |
Stable Share Price: SWKS is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 5% a week.
Volatility Over Time: SWKS's weekly volatility (5%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1962 | 11,000 | Liam Griffin | https://www.skyworksinc.com |
Skyworks Solutions, Inc., together with its subsidiaries, designs, develops, manufactures, and markets proprietary semiconductor products, including intellectual property in the United States, China, South Korea, Taiwan, Europe, the Middle East, Africa, and rest of Asia-Pacific. Its product portfolio includes amplifiers, antenna tuners, attenuators, automotive tuners and digital radios, circulators/isolators, DC/DC converters, demodulators, detectors, diodes, wireless analog system on chip products, directional couplers, diversity receive modules, filters, front-end modules, hybrids, light emitting diode drivers, low noise amplifiers, mixers, modulators, optocouplers/optoisolators, phase locked loops, phase shifters, power dividers/combiners, receivers, switches, synthesizers, timing devices, technical ceramics, voltage controlled oscillators/synthesizers, and voltage regulators. The company provides its products for use in the aerospace, automotive, broadband, cellular infrastructure, connected home, entertainment and gaming, industrial, medical, military, smartphone, tablet, and wearable markets.
Skyworks Solutions Fundamentals Summary
| SWKS fundamental statistics | |
|---|---|
| Market Cap | US$23.14b |
| Earnings (TTM) | US$1.50b |
| Revenue (TTM) | US$5.11b |
15.4x
P/E Ratio4.5x
P/S RatioIs SWKS overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| SWKS income statement (TTM) | |
|---|---|
| Revenue | US$5.11b |
| Cost of Revenue | US$2.60b |
| Gross Profit | US$2.51b |
| Expenses | US$1.01b |
| Earnings | US$1.50b |
Last Reported Earnings
Oct 01, 2021
Next Earnings Date
Feb 03, 2022
| Earnings per share (EPS) | 9.06 |
| Gross Margin | 49.18% |
| Net Profit Margin | 29.33% |
| Debt/Equity Ratio | 42.2% |
How did SWKS perform over the long term?
See historical performance and comparisonDividends
1.6%
Current Dividend Yield23%
Payout RatioValuation
Is Skyworks Solutions undervalued compared to its fair value and its price relative to the market?
>50%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: SWKS ($142.99) is trading below our estimate of fair value ($301.12)
Significantly Below Fair Value: SWKS is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: SWKS is good value based on its PE Ratio (15.8x) compared to the US Semiconductor industry average (28.7x).
PE vs Market: SWKS is good value based on its PE Ratio (15.8x) compared to the US market (16.9x).
Price to Earnings Growth Ratio
PEG Ratio: SWKS is poor value based on its PEG Ratio (2x)
Price to Book Ratio
PB vs Industry: SWKS is overvalued based on its PB Ratio (4.5x) compared to the US Semiconductor industry average (4.2x).
Future Growth
How is Skyworks Solutions forecast to perform in the next 1 to 3 years based on estimates from 25 analysts?
7.9%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: SWKS's forecast earnings growth (7.9% per year) is above the savings rate (2%).
Earnings vs Market: SWKS's earnings (7.9% per year) are forecast to grow slower than the US market (13.1% per year).
High Growth Earnings: SWKS's earnings are forecast to grow, but not significantly.
Revenue vs Market: SWKS's revenue (8.5% per year) is forecast to grow slower than the US market (9.3% per year).
High Growth Revenue: SWKS's revenue (8.5% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: SWKS's Return on Equity is forecast to be high in 3 years time (22.4%)
Past Performance
How has Skyworks Solutions performed over the past 5 years?
5.5%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: SWKS has high quality earnings.
Growing Profit Margin: SWKS's current net profit margins (29.3%) are higher than last year (24.3%).
Past Earnings Growth Analysis
Earnings Trend: SWKS's earnings have grown by 5.5% per year over the past 5 years.
Accelerating Growth: SWKS's earnings growth over the past year (84%) exceeds its 5-year average (5.5% per year).
Earnings vs Industry: SWKS earnings growth over the past year (84%) exceeded the Semiconductor industry 80.5%.
Return on Equity
High ROE: SWKS's Return on Equity (28.3%) is considered high.
Financial Health
How is Skyworks Solutions's financial position?
Financial Position Analysis
Short Term Liabilities: SWKS's short term assets ($2.9B) exceed its short term liabilities ($658.5M).
Long Term Liabilities: SWKS's short term assets ($2.9B) exceed its long term liabilities ($2.6B).
Debt to Equity History and Analysis
Debt Level: SWKS's net debt to equity ratio (22.9%) is considered satisfactory.
Reducing Debt: Insufficient data to determine if SWKS's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: SWKS's debt is well covered by operating cash flow (79.3%).
Interest Coverage: SWKS's interest payments on its debt are well covered by EBIT (136.3x coverage).
Balance Sheet
Dividend
What is Skyworks Solutions's current dividend yield, its reliability and sustainability?
1.60%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: SWKS's dividend (1.57%) is higher than the bottom 25% of dividend payers in the US market (1.34%).
High Dividend: SWKS's dividend (1.57%) is low compared to the top 25% of dividend payers in the US market (3.49%).
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, SWKS has been paying a dividend for less than 10 years.
Growing Dividend: SWKS's dividend payments have increased, but the company has only paid a dividend for 8 years.
Current Payout to Shareholders
Dividend Coverage: With its low payout ratio (22.7%), SWKS's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: SWKS's dividends in 3 years are forecast to be well covered by earnings (17.1% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
4.9yrs
Average management tenure
CEO
Liam Griffin (54 yo)
7.67yrs
Tenure
US$21,800,439
Compensation
Mr. Liam K. Griffin serves as Chairman of the Board at Skyworks Solutions, Inc. since May 2021. Mr. Griffin has been the President of Skyworks Solutions, Inc. since May 8, 2014, and its Chief Executive Off...
CEO Compensation Analysis
Compensation vs Market: Liam's total compensation ($USD21.80M) is above average for companies of similar size in the US market ($USD11.31M).
Compensation vs Earnings: Liam's compensation has increased by more than 20% in the past year.
Leadership Team
Experienced Management: SWKS's management team is considered experienced (4.9 years average tenure).
Board Members
Experienced Board: SWKS's board of directors are seasoned and experienced ( 11.8 years average tenure).
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
Skyworks Solutions, Inc.'s employee growth, exchange listings and data sources
Key Information
- Name: Skyworks Solutions, Inc.
- Ticker: SWKS
- Exchange: NasdaqGS
- Founded: 1962
- Industry: Semiconductors
- Sector: Semiconductors
- Implied Market Cap: US$23.138b
- Shares outstanding: 165.39m
- Website: https://www.skyworksinc.com
Number of Employees
Location
- Skyworks Solutions, Inc.
- 5260 California Avenue
- Irvine
- California
- 92617
- United States
Listings
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2022/01/21 23:43 |
| End of Day Share Price | 2022/01/21 00:00 |
| Earnings | 2021/10/01 |
| Annual Earnings | 2021/10/01 |
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.