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Synaptics Inc
SYNA : NASDAQ : Technology
$66.09 up0.06 | 0.09%
Today's Range: 65.55 - 66.95
Avg. Daily Volume: 651,500
05/06/16 - 10:14 AM ET

Financial Analysis


SYNAPTICS INC's gross profit margin for the third quarter of its fiscal year 2016 has decreased when compared to the same period a year ago. Sales and net income have dropped, underperforming the average competitor within its industry. SYNAPTICS INC is extremely liquid. Currently, the Quick Ratio is 2.03 which clearly shows the ability to cover any short-term cash needs. The company managed to increase its liquidity from the same period a year ago, despite already having strong liquidity to begin with. This would indicate improved cash flow.

During the same period, stockholders' equity ("net worth") has increased by 7.01% 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.

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Income Statement Q3 FY16 Q3 FY15
Net Sales ($mil)402.5477.6
EBITDA ($mil)0.071.19
EBIT ($mil)21.145.17
Net Income ($mil)20.531.48


Balance Sheet Q3 FY16 Q3 FY15
Cash & Equiv. ($mil)406.1381.18
Total Assets ($mil)1449.51511.22
Total Debt ($mil)235.2243.96
Equity ($mil)800.8748.29


Profitability Q3 FY16 Q3 FY15
Gross Profit Margin34.4338.88
EBITDA Margin0.014.9
Operating Margin5.249.46
Sales Turnover1.261.02
Return on Assets7.637.51
Return on Equity13.8115.16
Debt Q3 FY16 Q3 FY15
Current Ratio2.542.21
Debt/Capital0.230.25
Interest Expense0.01.32
Interest Coverage0.034.29


Share Data Q3 FY16 Q3 FY15
Shares outstanding (mil)36.8436.8
Div / share0.00.0
EPS0.540.82
Book value / share21.7420.33
Institutional Own % n/a n/a
Avg Daily Volume603773.0620068.0

Valuation


BUY. SYNAPTICS INC's P/E ratio indicates a premium compared to an average of 20.97 for the Semiconductors & Semiconductor Equipment industry and a premium compared to the S&P 500 average of 23.99. To use another comparison, its price-to-book ratio of 3.73 indicates a premium versus the S&P 500 average of 2.74 and a discount versus the industry average of 3.96. The price-to-sales ratio is below the S&P 500 average and is well below the industry average, indicating a discount.


Price/Earnings
1 2 3 4 5
premium   discount
  Price/Cash Flow
1 2 3 4 5
premium   discount
SYNA 28.06 Peers 20.97   SYNA NA Peers 15.20

Premium. A higher P/E ratio than its peers can signify a more expensive stock or higher growth expectations.

SYNA is trading at a significant premium to its peers.

 

Neutral. The P/CF ratio is the stock’s price divided by the sum of the company's cash flow from operations. It is useful for comparing companies with different capital requirements or financing structures.

Ratio not available.

 
Price/Projected
Earnings
1 2 3 4 5
premium   discount
  Price to
Earnings/Growth
1 2 3 4 5
premium   discount
SYNA 11.42 Peers 17.98   SYNA 0.22 Peers 2.68

Discount. A lower price-to-projected earnings ratio than its peers can signify a less expensive stock or lower future growth expectations.

SYNA 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.

SYNA trades at a significant discount to its peers.

 
Price/Book
1 2 3 4 5
premium   discount
  Earnings Growth
1 2 3 4 5
lower   higher
SYNA 3.73 Peers 3.96   SYNA -1.37 Peers 28.70

Average. 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.

SYNA is trading at a valuation on par with its peers.

 

Lower. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios.

However, SYNA is expected to significantly trail its peers on the basis of its earnings growth rate.

 
Price/Sales
1 2 3 4 5
premium   discount
  Sales Growth
1 2 3 4 5
premium   discount
SYNA 1.64 Peers 4.06   SYNA 18.39 Peers 5.29

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.

SYNA is trading at a significant discount to its industry on this measurement.

 

Higher. A sales growth rate that exceeds the industry implies that a company is gaining market share.

SYNA has a sales growth rate that significantly exceeds its peers.

 

 

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