NasdaqGS:SYNA

Stock Analysis Report

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Executive Summary

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


Snowflake Analysis

Mediocre balance sheet with moderate growth potential.


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's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

1.4%

SYNA

2.9%

US Semiconductor

1.3%

US Market


1 Year Return

173.4%

SYNA

42.6%

US Semiconductor

14.9%

US Market

Return vs Industry: SYNA exceeded the US Semiconductor industry which returned 38.6% over the past year.

Return vs Market: SYNA exceeded the US Market which returned 12.5% over the past year.


Shareholder returns

SYNAIndustryMarket
7 Day1.4%2.9%1.3%
30 Day35.1%4.4%4.7%
90 Day23.8%21.7%17.1%
1 Year173.4%173.4%45.4%42.6%17.3%14.9%
3 Year78.3%78.3%84.3%74.6%38.9%29.9%
5 Year3.9%3.9%204.3%174.9%71.3%52.8%

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?

13.7%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: SYNA ($80.04) is trading below our estimate of fair value ($92.79)

Significantly Below Fair Value: SYNA is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: SYNA is unprofitable, so we can't compare its PE Ratio to the US 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 overvalued based on its PB Ratio (3.8x) compared to the US Semiconductor industry average (3.4x).


Next Steps

Future Growth

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

63.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: SYNA is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2.2%).

Earnings vs Market: SYNA is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: SYNA's is expected to become profitable in the next 3 years.

Revenue vs Market: SYNA's revenue is expected to decline over the next 3 years (-7.8% per year).

High Growth Revenue: SYNA's revenue is forecast to decline over the next 3 years (-7.8% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if SYNA's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Synaptics performed over the past 5 years?

-56.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: SYNA is currently unprofitable.

Growing Profit Margin: SYNA is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: SYNA is unprofitable, and losses have increased over the past 5 years at a rate of 56.2% 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 (-5.9%).


Return on Equity

High ROE: SYNA has a negative Return on Equity (-2.44%), as it is currently unprofitable.


Next Steps

Financial Health

How is Synaptics's financial position?


Financial Position Analysis

Short Term Liabilities: SYNA's short term assets ($832.9M) exceed its short term liabilities ($239.2M).

Long Term Liabilities: SYNA's short term assets ($832.9M) exceed its long term liabilities ($529.0M).


Debt to Equity History and Analysis

Debt Level: SYNA's debt to equity ratio (67.6%) is considered high.

Reducing Debt: SYNA's debt to equity ratio has increased from 32.6% to 67.6% over the past 5 years.

Debt Coverage: SYNA's debt is well covered by operating cash flow (43.9%).

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


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?

0.9yrs

Average management tenure


CEO

Michael Hurlston (53 yo)

1

Tenure

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 Inc. (formerly known as Ubiqui ...


Leadership Team

NamePositionTenureCompensationOwnership
John McFarland
Senior VP6.75yrsUS$1.58m0.053%
$ 1.4m
Michael Hurlston
President1yrno datano data
Dean Butler
Chief Financial Officer0.83yrno datano data
Divyesh Shah
Senior Vice President of Operations0.58yrno datano data
Patrick Worfolk
CTO & Senior VP of Corporate Research6.33yrsno datano data
Michael Brooker
Corporate VP of IT & Chief Information Officer0.58yrno datano data
Jason Tsai
Head of Investor Relationsno datano datano data
Phillip Kumin
Senior Vice President of Salesno datano datano data
Nicole Singer
Senior Vice President of Worldwide Human Resources2.5yrsno datano data
Saleel Awsare
Senior VP & GM of IoT Division1.33yrsno data0.12%
$ 3.4m
Satish Ganesan
Chief Strategy Officer0.75yrno datano data
Janice Mori
Senior VP & General Manager of Mobile Division0.67yrno data0.060%
$ 1.6m

0.9yrs

Average Tenure

53yo

Average Age

Experienced Management: SYNA's management team is not considered experienced ( 0.9 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Michael Hurlston
President1yrno datano data
Keith Geeslin
Independent Lead Directorno dataUS$267.11k0.085%
$ 2.3m
Jeffrey Buchanan
Independent Director14.92yrsUS$267.11k0.025%
$ 671.1k
Richard Sanquini
Independent Director26.58yrsUS$257.15k0.033%
$ 903.4k
Nelson Chan
Chairman1.83yrsUS$312.87k0.15%
$ 4.2m
Susan Hardman
Director0.25yrno datano data
James Whims
Independent Director12.83yrsUS$262.11k0.066%
$ 1.8m
Kiva Allgood
Independent Director1.25yrsUS$63.31k0.0055%
$ 149.2k

1.8yrs

Average Tenure

61.5yo

Average Age

Experienced Board: SYNA's board of directors are not considered experienced ( 1.8 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 not been meaningfully diluted in the past year.


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$2.724b
  • Shares outstanding: 34.04m
  • 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 Analysis2020/08/03 00:37
End of Day Share Price2020/07/31 00:00
Earnings2020/03/31
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.