NasdaqGS:SYNA

Stock Analysis Report

Executive Summary

Synaptics Incorporated develops, markets, and sells intuitive human interface solutions for electronic devices and products worldwide.

Snowflake

Fundamentals

Mediocre 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


Market Performance


7 Day Return

-1.7%

SYNA

-0.9%

US Semiconductor

0.07%

US Market


1 Year Return

13.8%

SYNA

23.5%

US Semiconductor

8.9%

US Market

Return vs Industry: SYNA underperformed the US Semiconductor industry which returned 23.5% over the past year.

Return vs Market: SYNA exceeded the US Market which returned 8.9% over the past year.


Shareholder returns

SYNAIndustryMarket
7 Day-1.7%-0.9%0.07%
30 Day3.3%1.9%-0.3%
90 Day22.7%-1.3%-1.6%
1 Year13.8%13.8%26.0%23.5%11.3%8.9%
3 Year-40.1%-40.1%80.4%69.8%46.3%36.8%
5 Year-38.5%-38.5%129.7%106.0%62.1%44.3%

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

Valuation

Is Synaptics undervalued compared to its fair value and its price relative to the market?

2.04x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: SYNA ($40.17) is trading above our estimate of fair value ($16.49)

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


Price To Earnings Ratio

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

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


Price to Book Ratio

PB vs Industry: SYNA is good value based on its PB Ratio (2x) compared to the US Semiconductor industry average (2.7x).


Next Steps

Future Growth

How is Synaptics forecast to perform in the next 1 to 3 years based on estimates from 11 analysts?

18.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

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

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

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

Revenue vs Market: SYNA's revenue is expected to decline over the next 3 years (-8% per year).

High Growth Revenue: SYNA's revenue is forecast to decline over the next 3 years (-8% 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 (14.5%).


Next Steps

Past Performance

How has Synaptics performed over the past 5 years?

-48.8%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: SYNA is unprofitable, and losses have increased over the past 5 years at a rate of -48.8% per year.

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

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


Return on Equity

High ROE: SYNA has a negative Return on Equity (-3.48%), as it is currently unprofitable.


Return on Assets

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


Return on Capital Employed

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


Next Steps

Financial Health

How is Synaptics's financial position?


Financial Position Analysis

Short Term Liabilities: SYNA's short term assets ($731.1M) exceeds its short term liabilities ($253.9M)

Long Term Liabilities: SYNA's short term assets (731.1M) exceeds its long term liabilities (498.6M)


Debt to Equity History and Analysis

Debt Level: SYNA's debt to equity ratio (71.2%) is considered high

Reducing Debt: Insufficient data to determine if SYNA's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: SYNA's debt is well covered by operating cash flow (32.9%).

Interest Coverage: SYNA is unprofitable, therefore interest payments are not well covered by earnings.


Balance Sheet

Inventory Level: SYNA has a low level of unsold assets or inventory.

Debt Coverage by Assets: SYNA's debt is covered by short term assets (assets are 1.6x debt).


Next Steps

Dividend

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


Dividend Yield vs Market

companyn/amarketbottom25%1.4%markettop25%3.7%industryaverage2.2%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

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

High Dividend: Unable to evaluate SYNA'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 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

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

0.8yrs

Average management tenure


CEO

Michael Hurlston (52yo)

0.2yrs

Tenure

0

Mr. Michael E. Hurlston has been President, Chief Executive Officer and Director of Synaptics Incorporated since August 19, 2019. Mr. Hurlston has been a Director of Ubiquiti Networks, Inc. since August 04 ...


Management Age and Tenure

0.8yrs

Average Tenure

54.5yo

Average Age

Experienced Management: SYNA's management team is not considered experienced ( 0.8 years average tenure), which suggests a new team.


Board Age and Tenure

10.5yrs

Average Tenure

65yo

Average Age

Experienced Board: SYNA's board of directors are seasoned and experienced ( 10.5 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$414,89719 Feb 19
Kermit Nolan
EntityIndividual
Shares10,000
Max PriceUS$41.57

Ownership Breakdown


Management Team

  • Nelson Chan (58yo)

    Executive Chairman

    • Tenure: 1yrs
    • Compensation: US$312.87k
  • Michael Hurlston (52yo)

    President

    • Tenure: 0.2yrs
  • Kurt Hoff (61yo)

    Corporate Vice President of Worldwide Sales

    • Tenure: 0.8yrs
  • Jason Tsai

    Head of Investor Relations

    • Tenure: 0yrs
  • John McFarland (52yo)

    Senior VP

    • Tenure: 5.9yrs
    • Compensation: US$1.58m
  • Alex Wong (64yo)

    Senior Vice President of Worldwide Operations

    • Tenure: 9.3yrs
    • Compensation: US$1.61m
  • Saleel Awsare (54yo)

    Senior VP and GM of IoT Division & Corporate Marketing

    • Tenure: 0.8yrs
  • Patrick Worfolk

    CTO & Senior VP of Corporate Research

    • Tenure: 5.5yrs
  • Shawn Liu (55yo)

    Senior VP & GM of PC Division

    • Tenure: 0yrs
    • Compensation: US$1.63m
  • Richard Lu (40yo)

    Senior VP and GM of Mobile & Automotive Division

    • Tenure: 0.8yrs
    • Compensation: US$2.14m

Board Members

  • Keith Geeslin (66yo)

    Lead Director

    • Tenure: 0yrs
    • Compensation: US$267.11k
  • Jeffrey Buchanan (63yo)

    Independent Director

    • Tenure: 14.1yrs
    • Compensation: US$267.11k
  • Dick Sanquini (84yo)

    Independent Director

    • Tenure: 25.8yrs
    • Compensation: US$257.15k
  • Nelson Chan (58yo)

    Executive Chairman

    • Tenure: 1yrs
    • Compensation: US$312.87k
  • Francis Lee (67yo)

    Director

    • Tenure: 20.8yrs
    • Compensation: US$288.36k
  • Russ Knittel (69yo)

    Independent Director

    • Tenure: 9yrs
    • Compensation: US$254.61k
  • Jim Whims (65yo)

    Independent Director

    • Tenure: 12yrs
    • Compensation: US$262.11k
  • Michael Hurlston (52yo)

    President

    • Tenure: 0.2yrs
  • Kiva Allgood (47yo)

    Independent Director

    • Tenure: 0.4yrs
    • Compensation: US$63.31k

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$1.322b
  • Shares outstanding: 32.92m
  • Website: https://www.synaptics.com

Number of Employees


Location

  • Synaptics Incorporated
  • 1251 McKay Drive
  • San Jose
  • California
  • 95131
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
SYNANasdaqGS (Nasdaq Global Select)YesCommon StockUSUSDJan 2002
SJNDB (Deutsche Boerse AG)YesCommon StockDEEURJan 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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/23 23:41
End of Day Share Price2019/10/23 00:00
Earnings2019/06/29
Annual Earnings2019/06/29


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.