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SWKS

Skyworks Solutions NasdaqGS:SWKS Stock Report

Last Price

US$95.53

Market Cap

US$15.1b

7D

1.8%

1Y

-49.3%

Updated

06 Jul, 2022

Data

Company Financials +
SWKS fundamental analysis
Snowflake Score
Valuation5/6
Future Growth2/6
Past Performance4/6
Financial Health5/6
Dividends3/6

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

Summary of all time highs, changes and price drops for Skyworks Solutions
Historical stock prices
Current Share PriceUS$95.53
52 Week HighUS$197.62
52 Week LowUS$88.76
Beta1.14
1 Month Change-10.59%
3 Month Change-22.37%
1 Year Change-49.26%
3 Year Change19.55%
5 Year Change-6.10%
Change since IPO1,814.43%

Recent News & Updates

Jul 06
Is Skyworks Solutions (NASDAQ:SWKS) A Risky Investment?

Is Skyworks Solutions (NASDAQ:SWKS) A Risky Investment?

Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...

Jun 03

Skyworks: Sky5 Capitalizing On The 5G Trend

We analyzed the company's Sky5 platform, its highly integrated RFFE portfolio that supports the demand for 5G from its smartphone maker customers. Based on a product comparison against competitors, we determined Qualcomm and MediaTek edge it out but still believe Skyworks could gain share against Broadcom and Murata. We believe its relationships with smartphone maker customers support its growth with the adoption of Sky5 for their premium segments.

May 31
There Are Reasons To Feel Uneasy About Skyworks Solutions' (NASDAQ:SWKS) Returns On Capital

There Are Reasons To Feel Uneasy About Skyworks Solutions' (NASDAQ:SWKS) Returns On Capital

If you're looking for a multi-bagger, there's a few things to keep an eye out for. Amongst other things, we'll want to...

May 21

Skyworks Solutions: Should This 5G Stock Be On Your Shopping List?

Skyworks is coming off another stellar quarterly performance and these conditions should continue through 2022. There are supply chain concerns at the client level but Skyworks looks set to comfortably meet its projected deliveries if needed. The low valuation makes the stock attractive despite the China lockdown fears.

Shareholder Returns

SWKSUS SemiconductorUS Market
7D1.8%-5.6%0.3%
1Y-49.3%-23.2%-18.4%

Return vs Industry: SWKS underperformed the US Semiconductor industry which returned -23.2% over the past year.

Return vs Market: SWKS underperformed the US Market which returned -18.4% over the past year.

Price Volatility

Is SWKS's price volatile compared to industry and market?
SWKS volatility
SWKS Average Weekly Movement6.4%
Semiconductor Industry Average Movement8.6%
Market Average Movement8.1%
10% most volatile stocks in US Market16.8%
10% least volatile stocks in US Market3.3%

Stable Share Price: SWKS is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: SWKS's weekly volatility (6%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
196211,000Liam Griffinhttps://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

How do Skyworks Solutions's earnings and revenue compare to its market cap?
SWKS fundamental statistics
Market CapUS$15.10b
Earnings (TTM)US$1.37b
Revenue (TTM)US$5.27b

11.2x

P/E Ratio

2.9x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
SWKS income statement (TTM)
RevenueUS$5.27b
Cost of RevenueUS$2.75b
Gross ProfitUS$2.52b
Other ExpensesUS$1.16b
EarningsUS$1.37b

Last Reported Earnings

Apr 01, 2022

Next Earnings Date

n/a

Earnings per share (EPS)8.51
Gross Margin47.88%
Net Profit Margin25.97%
Debt/Equity Ratio42.2%

How did SWKS perform over the long term?

See historical performance and comparison

Dividends

2.3%

Current Dividend Yield

26%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is SWKS undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

Which metric is best to use when looking at relative valuation for SWKS?

Other financial metrics that can be useful for relative valuation.

SWKS key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue3.2x
Enterprise Value/EBITDA8.1x
PEG Ratio1.3x

Price to Earnings Ratio vs Peers

How does SWKS's PE Ratio compare to its peers?

SWKS PE Ratio vs Peers
The above table shows the PE ratio for SWKS vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average123x
MPWR Monolithic Power Systems
62.3x17.5%US$17.2b
QRVO Qorvo
9.8x6.4%US$10.0b
ON ON Semiconductor
14.3x4.8%US$20.6b
GFS GLOBALFOUNDRIES
405.5x16.1%US$22.2b
SWKS Skyworks Solutions
11.2x8.9%US$15.1b

Price-To-Earnings vs Peers: SWKS is good value based on its Price-To-Earnings Ratio (11.2x) compared to the peer average (123x).


Price to Earnings Ratio vs Industry

How does SWKS's PE Ratio compare vs other companies in the US Semiconductor Industry?

Price-To-Earnings vs Industry: SWKS is good value based on its Price-To-Earnings Ratio (11.2x) compared to the US Semiconductor industry average (16.8x)


Price to Earnings Ratio vs Fair Ratio

What is SWKS's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

SWKS PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio11.2x
Fair PE Ratio20.8x

Price-To-Earnings vs Fair Ratio: SWKS is good value based on its Price-To-Earnings Ratio (11.2x) compared to the estimated Fair Price-To-Earnings Ratio (20.8x).


Share Price vs Fair Value

What is the Fair Price of SWKS when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: SWKS ($95.53) is trading below our estimate of fair value ($251.72)

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


Price to Earnings Growth Ratio

PEG Ratio: SWKS is poor value based on its PEG Ratio (1.3x)


Discover undervalued companies

Future Growth

How is Skyworks Solutions forecast to perform in the next 1 to 3 years based on estimates from 25 analysts?

Future Growth Score

2/6

Future Growth Score 2/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


8.9%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: SWKS's forecast earnings growth (8.9% per year) is above the savings rate (1.9%).

Earnings vs Market: SWKS's earnings (8.9% per year) are forecast to grow slower than the US market (13% per year).

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

Revenue vs Market: SWKS's revenue (5.3% per year) is forecast to grow slower than the US market (7.9% per year).

High Growth Revenue: SWKS's revenue (5.3% 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 (36.1%)


Discover growth companies

Past Performance

How has Skyworks Solutions performed over the past 5 years?

Past Performance Score

4/6

Past Performance Score 4/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


8.6%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: SWKS has high quality earnings.

Growing Profit Margin: SWKS's current net profit margins (26%) are lower than last year (27.7%).


Past Earnings Growth Analysis

Earnings Trend: SWKS's earnings have grown by 8.6% per year over the past 5 years.

Accelerating Growth: SWKS's earnings growth over the past year (13.3%) exceeds its 5-year average (8.6% per year).

Earnings vs Industry: SWKS earnings growth over the past year (13.3%) underperformed the Semiconductor industry 70.4%.


Return on Equity

High ROE: SWKS's Return on Equity (26.4%) is considered high.


Discover strong past performing companies

Financial Health

How is Skyworks Solutions's financial position?

Financial Health Score

5/6

Financial Health Score 5/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: SWKS's short term assets ($2.8B) exceed its short term liabilities ($696.6M).

Long Term Liabilities: SWKS's short term assets ($2.8B) exceed its long term liabilities ($2.6B).


Debt to Equity History and Analysis

Debt Level: SWKS's net debt to equity ratio (27.2%) 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 (75.2%).

Interest Coverage: SWKS's interest payments on its debt are well covered by EBIT (44.6x coverage).


Balance Sheet


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Dividend

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

Dividend Score

3/6

Dividend Score 3/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


2.34%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: SWKS's dividend (2.34%) is higher than the bottom 25% of dividend payers in the US market (1.61%).

High Dividend: SWKS's dividend (2.34%) is low compared to the top 25% of dividend payers in the US market (4.27%).


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.


Earnings Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (26.2%), SWKS's dividend payments are well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its reasonably low cash payout ratio (35.2%), SWKS's dividend payments are well covered by cash flows.


Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

5.4yrs

Average management tenure


CEO

Liam Griffin (55 yo)

8.17yrs

Tenure

US$16,150,421

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 ($USD16.15M) is about average for companies of similar size in the US market ($USD13.41M).

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


Leadership Team

Experienced Management: SWKS's management team is seasoned and experienced (5.4 years average tenure).


Board Members

Experienced Board: SWKS's board of directors are considered experienced (7.3 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$15.103b
  • Shares outstanding: 160.93m
  • 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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/07/06 00:00
End of Day Share Price2022/07/06 00:00
Earnings2022/04/01
Annual Earnings2021/10/01


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.