Synaptics
Market Cap
US$2.8b
Last Updated
2020/10/20 00:30 UTC
Data Sources
Company Financials +
Executive Summary
Synaptics Incorporated develops, markets, and sells intuitive human interface solutions for electronic devices and products worldwide. More Details
Snowflake Analysis
Adequate balance sheet and overvalued.
Similar Companies
Share Price & News
How has Synaptics's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: SYNA has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
-5.9%
SYNA
-1.8%
US Semiconductor
-2.4%
US Market
1 Year Return
97.6%
SYNA
47.9%
US Semiconductor
18.2%
US Market
Return vs Industry: SYNA exceeded the US Semiconductor industry which returned 48% over the past year.
Return vs Market: SYNA exceeded the US Market which returned 19.5% over the past year.
Shareholder returns
| SYNA | Industry | Market | |
|---|---|---|---|
| 7 Day | -5.9% | -1.8% | -2.4% |
| 30 Day | -1.0% | 11.3% | 4.2% |
| 90 Day | 3.1% | 13.4% | 6.3% |
| 1 Year | 97.6%97.6% | 50.7%47.9% | 20.9%18.2% |
| 3 Year | 127.7%127.7% | 85.6%75.9% | 41.2%31.8% |
| 5 Year | -4.2%-4.2% | 237.7%203.9% | 84.8%63.9% |
Price Volatility Vs. Market
How volatile is Synaptics's share price compared to the market and industry in the last 5 years?
Simply Wall St News
6 days ago | Simply Wall St
Introducing Synaptics (NASDAQ:SYNA), The Stock That Zoomed 135% In The Last Three Years3 weeks ago | Simply Wall St
When Should You Buy Synaptics Incorporated (NASDAQ:SYNA)?1 month ago | Simply Wall St
Do Its Financials Have Any Role To Play In Driving Synaptics Incorporated's (NASDAQ:SYNA) Stock Up Recently?Valuation
Is Synaptics undervalued compared to its fair value and its price relative to the market?
22.88x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: SYNA ($80.91) is trading above our estimate of fair value ($75.77)
Significantly Below Fair Value: SYNA is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: SYNA is good value based on its PE Ratio (22.9x) compared to the US Semiconductor industry average (39.9x).
PE vs Market: SYNA is poor value based on its PE Ratio (22.9x) compared to the US market (19x).
Price to Earnings Growth Ratio
PEG Ratio: SYNA is poor value based on its PEG Ratio (81.5x)
Price to Book Ratio
PB vs Industry: SYNA's PB Ratio (3.4x) is in line with the US Semiconductor industry average.
Next Steps
Future Growth
How is Synaptics forecast to perform in the next 1 to 3 years based on estimates from 11 analysts?
0.3%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: SYNA's forecast earnings growth (0.3% per year) is below the savings rate (2.2%).
Earnings vs Market: SYNA's earnings (0.3% per year) are forecast to grow slower than the US market (22.1% per year).
High Growth Earnings: SYNA's earnings are forecast to grow, but not significantly.
Revenue vs Market: SYNA's revenue is expected to decline over the next 3 years (-0.2% per year).
High Growth Revenue: SYNA's revenue is forecast to decline over the next 3 years (-0.2% per year).
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: SYNA's Return on Equity is forecast to be low in 3 years time (17.6%).
Next Steps
Past Performance
How has Synaptics performed over the past 5 years?
-39.0%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: SYNA has a large one-off gain of $72.1M impacting its June 27 2020 financial results.
Growing Profit Margin: SYNA became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: SYNA's earnings have declined by 39% per year over the past 5 years.
Accelerating Growth: SYNA has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: SYNA has become profitable in the last year, making it difficult to compare its past year earnings growth to the Semiconductor industry (7.5%).
Return on Equity
High ROE: SYNA's Return on Equity (14.5%) is considered low.
Next Steps
Financial Health
How is Synaptics's financial position?
Financial Position Analysis
Short Term Liabilities: SYNA's short term assets ($1.1B) exceed its short term liabilities ($244.1M).
Long Term Liabilities: SYNA's short term assets ($1.1B) exceed its long term liabilities ($630.6M).
Debt to Equity History and Analysis
Debt Level: SYNA's debt to equity ratio (71.6%) is considered high.
Reducing Debt: SYNA's debt to equity ratio has increased from 30.6% to 71.6% over the past 5 years.
Debt Coverage: SYNA's debt is well covered by operating cash flow (37.8%).
Interest Coverage: SYNA's interest payments on its debt are well covered by EBIT (7x coverage).
Balance Sheet
Next Steps
Dividend
What is Synaptics's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate SYNA's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate SYNA's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if SYNA's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if SYNA'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 SYNA's dividend in 3 years as they are not forecast to pay a notable one for the US market.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
1.0yrs
Average management tenure
CEO
Michael E. Hurlston (53 yo)
1.17yrs
Tenure
US$23,511,035
Compensation
Mr. Michael E. Hurlston serves as Director at Flex Ltd. since September 15, 2020. He has been President, Chief Executive Officer and Director of Synaptics Incorporated since August 19, 2019. Mr. Hurlston h ...
CEO Compensation Analysis
Compensation vs Market: Michael E.'s total compensation ($USD23.51M) is above average for companies of similar size in the US market ($USD5.61M).
Compensation vs Earnings: Insufficient data to compare Michael E.'s compensation with company performance.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 1.17yrs | US$23.51m | 0.15% $ 4.2m | |
| Senior VP & Chief Financial Officer | 1yr | US$3.49m | 0.093% $ 2.6m | |
| Corporate VP & Chief Accounting Officer | 1.67yrs | US$2.08m | 0.15% $ 4.1m | |
| Senior VP | 6.92yrs | US$2.24m | 0.073% $ 2.0m | |
| Senior Vice President of Worldwide Sales | 0.58yr | US$2.47m | 0.059% $ 1.6m | |
| Senior VP and GM of PC & Peripherals Division | 1.5yrs | US$2.40m | 0.15% $ 4.1m | |
| Senior Vice President of Operations | 0.75yr | no data | no data | |
| Head of Investor Relations | no data | no data | no data | |
| Senior Vice President of Worldwide Human Resources | 2.67yrs | no data | no data | |
| Chief Strategy Officer | 0.92yr | no data | no data | |
| Senior VP and GM of Touch & Display Division | 0.83yr | no data | 0.059% $ 1.6m | |
| Senior VP & GM of Multimedia Division | 0.50yr | no data | no data |
1.0yrs
Average Tenure
53.5yo
Average Age
Experienced Management: SYNA's management team is not considered experienced ( 1 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 1.17yrs | US$23.51m | 0.15% $ 4.2m | |
| Independent Lead Director | no data | US$260.82k | 0.080% $ 2.2m | |
| Independent Director | 15.08yrs | US$270.82k | 0.034% $ 939.2k | |
| Independent Director | 26.75yrs | US$249.58k | 0.022% $ 598.2k | |
| Independent Chairman | 2yrs | US$568.32k | 0.090% $ 2.5m | |
| Independent Director | 0.42yr | US$118.36k | 0.0023% $ 64.0k | |
| Independent Director | 13yrs | US$259.57k | 0.075% $ 2.1m | |
| Independent Director | 1.42yrs | US$253.32k | 0.014% $ 387.3k |
2.0yrs
Average Tenure
61.5yo
Average Age
Experienced Board: SYNA's board of directors are not considered experienced ( 2 years average tenure), which suggests a new board.
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.
Ownership Breakdown
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 4.1%.
Top Shareholders
Company Information
Synaptics Incorporated's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Synaptics Incorporated
- Ticker: SYNA
- Exchange: NasdaqGS
- Founded: 1986
- Industry: Semiconductors
- Sector: Semiconductors
- Market Cap: US$2.772b
- Shares outstanding: 34.26m
- Website: https://www.synaptics.com
Number of Employees
Location
- Synaptics Incorporated
- 1251 McKay Drive
- San Jose
- California
- 95131
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| SYNA | NasdaqGS (Nasdaq Global Select) | Yes | Common Stock | US | USD | Jan 2002 |
| SJN | DB (Deutsche Boerse AG) | Yes | Common Stock | DE | EUR | Jan 2002 |
Biography
Synaptics Incorporated develops, markets, and sells intuitive human interface solutions for electronic devices and products worldwide. The company offers ClearPad, which enables users to interact directly ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/10/20 00:30 |
| End of Day Share Price | 2020/10/19 00:00 |
| Earnings | 2020/06/27 |
| Annual Earnings | 2020/06/27 |
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.