Skyworks Solutions
Market Cap
US$20.2b
Last Updated
2020/02/15 23:43 UTC
Data Sources
Company Financials +
Executive Summary
Skyworks Solutions, Inc., together with its subsidiaries, designs, develops, manufactures, and markets proprietary semiconductor products, including intellectual property worldwide.
Rewards
Risk Analysis
Snowflake Analysis
Flawless balance sheet with reasonable growth potential.
Similar Companies
Share Price & News
How has Skyworks Solutions's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: SWKS has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
4.4%
SWKS
4.9%
US Semiconductor
1.8%
US Market
1 Year Return
42.7%
SWKS
41.1%
US Semiconductor
20.1%
US Market
Return vs Industry: SWKS exceeded the US Semiconductor industry which returned 40.8% over the past year.
Return vs Market: SWKS exceeded the US Market which returned 20.1% over the past year.
Shareholder returns
| SWKS | Industry | Market | |
|---|---|---|---|
| 7 Day | 4.4% | 4.9% | 1.8% |
| 30 Day | -3.3% | 4.3% | 1.4% |
| 90 Day | 19.7% | 14.2% | 8.8% |
| 1 Year | 46.2%42.7% | 43.8%41.1% | 22.7%20.1% |
| 3 Year | 29.7%23.5% | 95.7%85.1% | 50.1%40.4% |
| 5 Year | 52.3%41.2% | 158.6%133.8% | 72.9%53.9% |
Price Volatility Vs. Market
How volatile is Skyworks Solutions's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
Can We See Significant Institutional Ownership On The Skyworks Solutions, Inc. (NASDAQ:SWKS) Share Register?2 weeks ago | Simply Wall St
Skyworks Solutions, Inc. Beat Analyst Estimates: See What The Consensus Is Forecasting For Next Year3 weeks ago | Simply Wall St
Can Skyworks Solutions, Inc.'s (NASDAQ:SWKS) ROE Continue To Surpass The Industry Average?Valuation
Is Skyworks Solutions undervalued compared to its fair value and its price relative to the market?
42.2%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: SWKS ($118.99) is trading below our estimate of fair value ($205.79)
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 (24.8x) compared to the Semiconductor industry average (36.4x).
PE vs Market: SWKS is poor value based on its PE Ratio (24.8x) compared to the US market (18.3x).
Price to Earnings Growth Ratio
PEG Ratio: SWKS is poor value based on its PEG Ratio (1.5x)
Price to Book Ratio
PB vs Industry: SWKS is overvalued based on its PB Ratio (4.8x) compared to the US Semiconductor industry average (3.2x).
Next Steps
Future Growth
How is Skyworks Solutions forecast to perform in the next 1 to 3 years based on estimates from 26 analysts?
16.4%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: SWKS's forecast earnings growth (16.4% per year) is above the savings rate (1.7%).
Earnings vs Market: SWKS's earnings (16.4% per year) are forecast to grow faster than the US market (14.3% per year).
High Growth Earnings: SWKS's earnings are forecast to grow, but not significantly.
Revenue vs Market: SWKS's revenue (11.5% per year) is forecast to grow faster than the US market (7.6% per year).
High Growth Revenue: SWKS's revenue (11.5% 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 (27.8%)
Next Steps
Past Performance
How has Skyworks Solutions performed over the past 5 years?
4.6%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: SWKS has high quality earnings.
Growing Profit Margin: SWKS's current net profit margins (25%) are lower than last year (29.8%).
Past Earnings Growth Analysis
Earnings Trend: SWKS's earnings have grown by 4.6% per year over the past 5 years.
Accelerating Growth: SWKS's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: SWKS had negative earnings growth (-27%) over the past year, making it difficult to compare to the Semiconductor industry average (-27%).
Return on Equity
High ROE: SWKS's Return on Equity (19.4%) is considered low.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is Skyworks Solutions's financial position?
Financial Position Analysis
Short Term Liabilities: SWKS's short term assets ($2.3B) exceed its short term liabilities ($333.2M).
Long Term Liabilities: SWKS's short term assets ($2.3B) exceed its long term liabilities ($491.3M).
Debt to Equity History and Analysis
Debt Level: SWKS is debt free.
Reducing Debt: SWKS has not had any debt for past 5 years.
Debt Coverage: SWKS has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: SWKS has no debt, therefore coverage of interest payments is not a concern.
Balance Sheet
Inventory Level: SWKS has a high level of physical assets or inventory.
Debt Coverage by Assets: SWKS's debt is not covered by short term assets (assets are -8.2560129106444E+16x debt).
Next Steps
Dividend
What is Skyworks Solutions's current dividend yield, its reliability and sustainability?
1.48%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: SWKS's dividend (1.48%) is higher than the bottom 25% of dividend payers in the US market (1.44%).
High Dividend: SWKS's dividend (1.48%) is low compared to the top 25% of dividend payers in the US market (3.68%).
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 6 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (34.1%), 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 (22.3% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
3.3yrs
Average management tenure
CEO
Liam Griffin (52yo)
3.8yrs
Tenure
US$13,660,593
Compensation
Mr. Liam K. Griffin has been the President of Skyworks Solutions, Inc. since May 8, 2014 and its Chief Executive Officer since May 11, 2016. Mr. Griffin has been an Independent Director at National Instrum ...
CEO Compensation Analysis
Compensation vs Market: Liam's total compensation ($USD13.66M) is about average for companies of similar size in the US market ($USD10.82M).
Compensation vs Earnings: Liam's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO, President & Director | 3.8yrs | US$13.66m | 0.045% $9.1m | |
| Senior VP & CFO | 3.5yrs | US$4.10m | 0.019% $3.9m | |
| Senior VP | 3.3yrs | US$2.67m | 0.0093% $1.9m | |
| Senior Vice President of Sales & Marketing | 3.7yrs | US$3.81m | 0.017% $3.5m | |
| Senior Vice President of Technology & Manufacturing | 0.3yrs | no data | no data | |
| Vice President of Investor Relations | 3.6yrs | no data | no data | |
| Senior Vice President of Human Resources | 1.8yrs | no data | 0.0032% $656.0k | |
| Head of Media Relations | 0yrs | no data | no data | |
| Senior VP & GM of Mobile Solutions Business | 2.1yrs | no data | no data | |
| 3yrs | US$1.73m | no data |
3.3yrs
Average Tenure
50yo
Average Age
Experienced Management: SWKS's management team is considered experienced (3.3 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO, President & Director | 3.8yrs | US$13.66m | 0.045% $9.1m | |
| Independent Non-Employee Director | 13.8yrs | US$282.83k | 0.043% $8.8m | |
| Independent Non-Employee Director | 17.7yrs | US$289.53k | 0.012% $2.4m | |
| Independent Non-Employee Director | 16.1yrs | US$283.62k | 0.032% $6.6m | |
| Chairman of the Board | 5.8yrs | US$392.83k | 0.099% $20.0m | |
| Independent Non-Employee Director | 22.1yrs | US$279.17k | 0.011% $2.2m | |
| Independent Non-Employee Director | 15yrs | US$282.50k | 0.041% $8.3m | |
| Lead Independent Director | 0.8yrs | US$310.61k | 0.010% $2.0m | |
| Independent Director | 0.5yrs | US$196.56k | no data | |
| Independent Director | 1.6yrs | US$267.32k | 0.00040% $81.0k |
9.8yrs
Average Tenure
59yo
Average Age
Experienced Board: SWKS's board of directors are considered experienced (9.8 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: SWKS insiders have only sold shares 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 company bio, employee growth, exchange listings and data sources
Key Information
- Name: Skyworks Solutions, Inc.
- Ticker: SWKS
- Exchange: NasdaqGS
- Founded: 1962
- Industry: Semiconductors
- Sector: Semiconductors
- Market Cap: US$20.247b
- Shares outstanding: 170.16m
- Website: https://www.skyworksinc.com
Number of Employees
Location
- Skyworks Solutions, Inc.
- 5221 California Avenue
- Irvine
- California
- 92617
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| SWKS | NasdaqGS (Nasdaq Global Select) | Yes | Common Stock | US | USD | Jun 2002 |
| AWM | DB (Deutsche Boerse AG) | Yes | Common Stock | DE | EUR | Jun 2002 |
| AWM | XTRA (XETRA Trading Platform) | Yes | Common Stock | DE | EUR | Jun 2002 |
| SWKS | WBAG (Wiener Boerse AG) | Yes | Common Stock | AT | EUR | Jun 2002 |
| 0L77 | LSE (London Stock Exchange) | Yes | Common Stock | GB | USD | Jun 2002 |
| AWM | ETLX (Eurotlx) | Yes | Common Stock | IT | EUR | Jun 2002 |
Biography
Skyworks Solutions, Inc., together with its subsidiaries, designs, develops, manufactures, and markets proprietary semiconductor products, including intellectual property worldwide. Its product portfolio includes amplifiers, antenna tuners, attenuators, circulators/isolators, DC/DC converters, demodulators, detectors, diodes, directional couplers, diversity receive modules, filters, front-end modules, hybrids, LED drivers, low noise amplifiers, mixers, modulators, optocouplers/optoisolators, phase locked loops, phase shifters, power dividers/combiners, receivers, switches, synthesizers, technical ceramics, voltage controlled oscillators/synthesizers, and voltage regulators, as well as wireless radio integrated circuits. The company provides its products for use in the aerospace, automotive, broadband, cellular infrastructure, connected home, industrial, medical, military, smartphone, tablet, and wearable markets. It sells its products through direct sales force, electronic component distributors, and independent sales representatives. The company was founded in 1962 and is headquartered in Irvine, California.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/02/15 23:43 |
| End of Day Share Price | 2020/02/14 00:00 |
| Earnings | 2019/12/27 |
| Annual Earnings | 2019/09/27 |
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.