NYSE:IPHI

Stock Analysis Report

Executive Summary

Inphi Corporation provides high-speed analog and mixed signal semiconductor solutions for the communications, datacenter, and computing markets worldwide.

Snowflake

Fundamentals

Adequate balance sheet with limited growth.

Risks

  • Inphi has significant price volatility in the past 3 months.

Similar Companies

Share Price & News

How has Inphi's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

1.8%

NYSE:IPHI

0.9%

US Semiconductor

-1.2%

US Market


1 Year Return

79.4%

NYSE:IPHI

3.9%

US Semiconductor

3.4%

US Market

IPHI outperformed the Semiconductor industry which returned 3.5% over the past year.

IPHI outperformed the Market in United States of America which returned 3.9% over the past year.


Share holder returns

IPHIIndustryMarket
7 Day1.8%0.9%-1.2%
30 Day19.5%7.5%1.2%
90 Day28.1%-4.4%1.7%
1 Year79.4%79.4%5.9%3.9%5.7%3.4%
3 Year71.4%71.4%87.2%76.0%45.0%35.5%
5 Year356.6%356.6%121.4%98.8%59.3%41.6%

Price Volatility Vs. Market

How volatile is Inphi's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Inphi undervalued based on future cash flows and its price relative to the stock market?

23%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

Inphi's share price is below the future cash flow value, and at a moderate discount (> 20%).

Inphi's share price is below the future cash flow value, but not at a substantial discount (< 40%).


Price Based on Earnings

Inphi is loss making, we can't compare its value to the US Semiconductor industry average.

Inphi is loss making, we can't compare the value of its earnings to the United States of America market.


Price Based on Expected Growth

Unable to calculate PEG ratio for Inphi, we can't assess if its growth is good value.


Price Based on Value of Assets

Inphi is overvalued based on assets compared to the US Semiconductor industry average.


Next Steps

Future Growth

How is Inphi expected to perform in the next 1 to 3 years based on estimates from 12 analysts?

36.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Inphi's revenue is expected to grow by 18% yearly, however this is not considered high growth (20% yearly).

Inphi is not considered high growth as it is expected to be loss making for the next 1-3 years.

Inphi's revenue growth is expected to exceed the United States of America market average.

Unable to compare Inphi's earnings growth to the United States of America market average as it is expected to be loss making during the next 1-3 years.

Unable to compare Inphi's earnings growth to the low risk savings rate as it is expected to be loss making during the next 1-3 years.


Earnings per Share Growth Estimates


Future Return on Equity

Inphi is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).


Next Steps

Past Performance

How has Inphi performed over the past 5 years?

-43.5%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Inphi does not make a profit and their year on year earnings growth rate was negative over the past 5 years.

Unable to compare Inphi's 1-year earnings growth to the 5-year average as it is not currently profitable.

Unable to compare Inphi's 1-year growth to the US Semiconductor industry average as it is not currently profitable.


Return on Equity

It is difficult to establish if Inphi has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.


Return on Assets

It is difficult to establish if Inphi has efficiently used its assets last year compared to the US Semiconductor industry average (Return on Assets) as it is loss-making.


Return on Capital Employed

It is difficult to establish if Inphi improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.


Next Steps

Financial Health

How is Inphi's financial position?


Financial Position Analysis

Inphi is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.

Inphi's cash and other short term assets cover its long term commitments.


Debt to Equity History and Analysis

Inphi's level of debt (125.1%) compared to net worth is high (greater than 40%).

The level of debt compared to net worth has increased over the past 5 years (0% vs 125.1% today).


Balance Sheet

Low level of unsold assets.

Debt is covered by short term assets, assets are 1.2x debt.


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Whilst loss making Inphi has sufficient cash runway for more than 3 years if it maintains the current positive free cash flow level.

Whilst loss making Inphi has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 26.6% per year.


Next Steps

Dividend

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


Dividend Yield and Payments Analysis

Unable to evaluate Inphi's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.

Unable to evaluate Inphi's dividend against the top 25% market benchmark as the company has not reported any payouts.

Unable to perform a dividend volatility check as Inphi has not reported any payouts.

Unable to verify if Inphi's dividend has been increasing as the company has not reported any payouts.


Current Payout to Shareholders

Unable to calculate sustainability of dividends as Inphi has not reported any payouts.


Future Payout to Shareholders

No need to calculate the sustainability of Inphi's dividends in 3 years as they are not expected to pay a notable one for United States of America.


Next Steps

Management

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

5.3yrs

Average management tenure


CEO

Ford Tamer (57yo)

7.4yrs

Tenure

US$10,172,566

Compensation

Dr. Ford G. Tamer, Ph.D. serves as Chief Executive Officer and President at Inphi Corporation since February 1, 2012. Dr. Tamer serves as Chief Executive Officer at Telegent Systems, Inc. since June 2010 a ...


CEO Compensation Analysis

Ford's remuneration is higher than average for companies of similar size in United States of America.

Ford's compensation has increased whilst company is loss making.


Management Age and Tenure

5.3yrs

Average Tenure

56yo

Average Age

The average tenure for the Inphi management team is over 5 years, this suggests they are a seasoned and experienced team.


Board Age and Tenure

7.9yrs

Average Tenure

73yo

Average Age

The tenure for the Inphi board of directors is about average.


Insider Trading

Inphi individual insiders have only sold shares in the past 3 months.


Recent Insider Transactions

SellUS$66,97204 Jun 19
Diosdado Banatao
EntityIndividual
Role
Chairman of the Board
Shares1,500
Max PriceUS$44.65
SellUS$108,35029 May 19
William Ruehle
EntityIndividual
Shares2,500
Max PriceUS$43.34
SellUS$1,480,00013 Feb 19
Ford Tamer
EntityIndividual
Role
President
Member of the Board of Directors
Shares37,000
Max PriceUS$40.00
SellUS$1,174,37803 Dec 18
Diosdado Banatao
EntityIndividual
Role
Chairman of the Board
Shares29,656
Max PriceUS$39.60
SellUS$125,66727 Nov 18
Sam Srinivasan
EntityIndividual
Role
Lead Director
Shares3,214
Max PriceUS$39.10

Ownership Breakdown


Management Team

  • Charlie Roach (49yo)

    Senior Vice President of Worldwide Sales

    • Tenure: 3.3yrs
    • Compensation: $2.48m
  • Loi Nguyen

    Founder & Senior VP of Optical Interconnect

  • Lawrence Tse

    Senior Vice President of Engineering

    • Tenure: 2.2yrs
  • Radha Nagarajan

    Chief Technology Officer of Interconnect

    • Tenure: 6.1yrs
  • Ron Torten (52yo)

    Senior Vice President of Operations & Information Technology

    • Tenure: 5.3yrs
    • Compensation: $2.44m
  • Richard Ogawa (56yo)

    General Counsel

    • Tenure: 6.5yrs
    • Compensation: $2.05m
  • Ford Tamer (57yo)

    President

    • Tenure: 7.4yrs
    • Compensation: $10.17m
  • John Edmunds (62yo)

    Senior VP

    • Tenure: 11.5yrs
    • Compensation: $3.19m
  • Nariman Yousefi (56yo)

    Senior Vice President of Coherent DSP

    • Tenure: 2.6yrs
  • Sun Kim

    CHRO & SVP of Human Resources

    • Tenure: 1.5yrs

Board Members

  • Sam Srinivasan (74yo)

    Lead Director

    • Tenure: 8.4yrs
    • Compensation: $260.00k
  • Fred Weber (55yo)

    Member of Technical Advisory Panel

  • Randy Wilhelm

    Member of Technical Advisory Panel

  • Dado Banatao (73yo)

    Chairman

    • Tenure: 18.6yrs
    • Compensation: $252.50k
  • Hirokazu Hashimoto

    Member of Advisory Board

  • Ford Tamer (57yo)

    President

    • Tenure: 7.4yrs
    • Compensation: $10.17m
  • Nicholas Brathwaite (60yo)

    Director

    • Tenure: 5.8yrs
    • Compensation: $223.00k
  • In-Baik Jeon

    Member of Technical Advisory Panel

  • Tsugio Makimoto (81yo)

    Member of Technical Advisory Panel

    • Tenure: 10.6yrs
  • David Liddle (74yo)

    Director

    • Tenure: 7.0yrs
    • Compensation: $240.00k

Company Information

Inphi Corporation's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Inphi Corporation
  • Ticker: IPHI
  • Exchange: NYSE
  • Founded: 2000
  • Industry: semiconductors
  • Sector: semiconductors
  • Market Cap: US$2.707b
  • Shares outstanding: 45.25m
  • Website: Click here

Number of Employees


Location

  • Inphi Corporation
  • 2953 Bunker Hill Lane
  • Suite 300
  • Santa Clara
  • California
  • 95054
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
IPHINYSE (New York Stock Exchange)YesCommon StockUSUSDNov 2010
IN0DB (Deutsche Boerse AG)YesCommon StockDEEURNov 2010

Biography

Inphi Corporation provides high-speed analog and mixed signal semiconductor solutions for the communications, datacenter, and computing markets worldwide. Its analog and mixed signal semiconductor solution ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/07/20 00:25
End of Day Share Price2019/07/19 00:00
Earnings2019/03/31
Annual Earnings2018/12/31


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.