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. 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

-5.2%

SYNA

-2.1%

US Semiconductor

-1.4%

US Market


1 Year Return

96.6%

SYNA

46.7%

US Semiconductor

17.8%

US Market

Return vs Industry: SYNA exceeded the US Semiconductor industry which returned 49.3% over the past year.

Return vs Market: SYNA exceeded the US Market which returned 18.5% over the past year.


Shareholder returns

SYNAIndustryMarket
7 Day-5.2%-2.1%-1.4%
30 Day-2.4%8.7%4.7%
90 Day0.9%17.5%8.2%
1 Year96.6%96.6%49.4%46.7%20.5%17.8%
3 Year124.3%124.3%84.5%74.9%42.2%32.7%
5 Year-9.9%-9.9%238.9%205.0%83.4%62.7%

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?

22.34x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: SYNA ($78.98) is trading above our estimate of fair value ($75.63)

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 (22.3x) compared to the US Semiconductor industry average (39.8x).

PE vs Market: SYNA is poor value based on its PE Ratio (22.3x) compared to the US market (19x).


Price to Earnings Growth Ratio

PEG Ratio: SYNA is poor value based on its PEG Ratio (79.5x)


Price to Book Ratio

PB vs Industry: SYNA's PB Ratio (3.3x) 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 (22.2% 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?

1.1yrs

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 ($USD23.51M) is above average for companies of similar size in the US market ($USD5.63M).

Compensation vs Earnings: Insufficient data to compare Michael E.'s compensation with company performance.


Leadership Team

NamePositionTenureCompensationOwnership
Michael E. Hurlston
President1.17yrsUS$23.51m0.15%
$ 4.1m
Dean Butler
Senior VP & Chief Financial Officer1yrUS$3.49m0.093%
$ 2.5m
Kermit Nolan
Corporate VP & Chief Accounting Officer1.67yrsUS$2.08m0.15%
$ 4.0m
John McFarland
Senior VP6.92yrsUS$2.24m0.073%
$ 2.0m
Phillip Kumin
Senior Vice President of Worldwide Sales0.58yrUS$2.47m0.059%
$ 1.6m
Saleel Awsare
Senior VP and GM of PC & Peripherals Division1.5yrsUS$2.40m0.15%
$ 4.0m
Divyesh Shah
Senior Vice President of Operations0.75yrno datano data
Michael Brooker
Corporate VP of IT & Chief Information Officerno datano datano data
Jason Tsai
Head of Investor Relationsno datano datano data
Nicole Singer
Senior Vice President of Worldwide Human Resources2.67yrsno datano data
Satish Ganesan
Chief Strategy Officer0.92yrno datano data
Janice Mori
Senior VP and GM of Touch & Display Division0.83yrno data0.059%
$ 1.6m

1.1yrs

Average Tenure

53.5yo

Average Age

Experienced Management: SYNA's management team is not considered experienced ( 1.1 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Michael E. Hurlston
President1.17yrsUS$23.51m0.15%
$ 4.1m
Keith Geeslin
Independent Lead Directorno dataUS$260.82k0.080%
$ 2.2m
Jeffrey Buchanan
Independent Director15.08yrsUS$270.82k0.034%
$ 916.8k
Richard Sanquini
Independent Director26.75yrsUS$249.58k0.022%
$ 584.0k
Nelson Chan
Independent Chairman2yrsUS$568.32k0.090%
$ 2.4m
Susan Hardman
Independent Director0.42yrUS$118.36k0.0023%
$ 62.5k
James Whims
Independent Director13yrsUS$259.57k0.075%
$ 2.0m
Kiva Allgood
Independent Director1.42yrsUS$253.32k0.014%
$ 378.0k

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$2.706b
  • 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

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 Analysis2020/10/21 23:53
End of Day Share Price2020/10/21 00:00
Earnings2020/06/27
Annual Earnings2020/06/27


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.