-0.05 | -0.21%
SKYWORKS SOLUTIONS INC's gross profit margin for the second quarter of its fiscal year 2013 is essentially unchanged when compared to the same period a year ago. The company managed to grow both sales and net income at a faster pace than the average competitor in its industry this quarter as compared to the same quarter a year ago. SKYWORKS SOLUTIONS INC is extremely liquid. Currently, the Quick Ratio is 4.26 which clearly shows the ability to cover any short-term cash needs. SWKS managed to increase the liquidity from the same period a year ago, despite already having very strong liquidity to begin with. This would indicate improved cash flow.
During the same period, stockholders' equity ("net worth") has increased by 16.26% from the same quarter last year. Overall, the key liquidity measurements indicate that the company is very unlikely to face financial difficulties in the near future.
| Income Statement | Q2 FY13 | Q2 FY12 |
|---|---|---|
| Net Sales ($mil) | 425.2 | 364.69 |
| EBITDA ($mil) | 99.4 | 82.07 |
| EBIT ($mil) | 73.7 | 55.04 |
| Net Income ($mil) | 61.7 | 34.03 |
| Balance Sheet | Q2 FY13 | Q2 FY12 |
|---|---|---|
| Cash & Equiv. ($mil) | 458.8 | 307.34 |
| Total Assets ($mil) | 2216.9 | 2007.33 |
| Total Debt ($mil) | 0.0 | 0.0 |
| Equity ($mil) | 2000.0 | 1720.24 |
| Profitability | Q2 FY13 | Q2 FY12 |
|---|---|---|
| Gross Profit Margin | 45.91 | 47.38 |
| EBITDA Margin | 23.37 | 22.5 |
| Operating Margin | 17.33 | 15.09 |
| Sales Turnover | 0.76 | 0.76 |
| Return on Assets | 10.78 | 10.3 |
| Return on Equity | 11.95 | 12.02 |
| Debt | Q2 FY13 | Q2 FY12 |
|---|---|---|
| Current Ratio | 5.93 | 3.1 |
| Debt/Capital | 0.0 | 0.0 |
| Interest Expense | 0.0 | 0.11 |
| Interest Coverage | 0.0 | 514.38 |
| Share Data | Q2 FY13 | Q2 FY12 |
|---|---|---|
| Shares outstanding (mil) | 191.1 | 189.53 |
| Div / share | 0.0 | 0.0 |
| EPS | 0.32 | 0.18 |
| Book value / share | 10.47 | 9.08 |
| Institutional Own % | n/a | n/a |
| Avg Daily Volume | 3889142.0 | 4456662.0 |
BUY. SKYWORKS SOLUTIONS INC's P/E ratio indicates a discount compared to an average of 23.15 for the Semiconductors & Semiconductor Equipment industry and a value on par with the S&P 500 average of 19.08. To use another comparison, its price-to-book ratio of 2.25 indicates valuation on par with the S&P 500 average of 2.44 and a discount versus the industry average of 3.22. The price-to-sales ratio is well above the S&P 500 average, but well below the industry average. Upon assessment of these and other key valuation criteria, SKYWORKS SOLUTIONS INC proves to trade at a discount to investment alternatives within the industry.
| Price/Earnings |
|
Price/Cash Flow |
| |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| SWKS 19.03 | Peers 23.15 | SWKS 12.34 | Peers 22.89 | |||||||||||||||||||||
|
Discount. A lower P/E ratio than its peers can signify a less expensive stock or lower growth expectations. SWKS is trading at a discount to its peers. |
Discount. The P/CF ratio, a stock’s price divided by the company's cash flow from operations, is useful for comparing companies with different capital requirements or financing structures. SWKS is trading at a significant discount to its peers. |
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| Price/Projected Earnings |
|
Price to Earnings/Growth |
|
|||||||||||||||||||||
| SWKS 9.44 | Peers 24.66 | SWKS 0.18 | Peers 2.36 | |||||||||||||||||||||
|
Discount. A lower price-to-projected earnings ratio than its peers can signify a less expensive stock or lower future growth expectations. SWKS is trading at a significant discount to its peers. |
Discount. The PEG ratio is the stock’s P/E divided by the consensus estimate of long-term earnings growth. Faster growth can justify higher price multiples. SWKS trades at a significant discount to its peers. |
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| Price/Book |
|
Earnings Growth |
|
|||||||||||||||||||||
| SWKS 2.25 | Peers 3.22 | SWKS 13.76 | Peers -20.93 | |||||||||||||||||||||
|
Discount. A lower price-to-book ratio makes a stock more attractive to investors seeking stocks with lower market values per dollar of equity on the balance sheet. SWKS is trading at a significant discount to its peers. |
Higher. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios. SWKS is expected to have an earnings growth rate that significantly exceeds its peers. |
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| Price/Sales |
|
Sales Growth |
|
|||||||||||||||||||||
| SWKS 2.67 | Peers 3.49 | SWKS 11.35 | Peers 3.23 | |||||||||||||||||||||
|
Discount. In the absence of P/E and P/B multiples, the price-to-sales ratio can display the value investors are placing on each dollar of sales. SWKS is trading at a discount to its industry on this measurement. |
Higher. A sales growth rate that exceeds the industry implies that a company is gaining market share. SWKS has a sales growth rate that significantly exceeds its peers. |
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