Cypress Semiconductor Corp

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CY : NASDAQ : Technology
$13.12 | %
Today's Range: 13.02 - 13.25
Avg. Daily Volume: 6674200.0
08/18/17 - 4:00 PM ET

Financial Analysis


CYPRESS SEMICONDUCTOR CORP's gross profit margin for the second quarter of its fiscal year 2017 has increased when compared to the same period a year ago. The company grew its sales and net income significantly quarter versus same quarter a year prior, and was able to outpace the average competitor in the industry when comparing revenue growth, but not when comparing net income growth. CYPRESS SEMICONDUCTOR CORP has weak liquidity. Currently, the Quick Ratio is 0.71 which shows a lack of ability to cover short-term cash needs. The company's liquidity has decreased from the same period last year.

During the same period, stockholders' equity ("net worth") has decreased by 6.34% from the same quarter last year. Overall, the key liquidity measurements indicate that the company is in a position in which financial difficulties could develop in the future.

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Income Statement Q2 FY17 Q2 FY16
Net Sales ($mil)593.78450.13
EBITDA ($mil)85.1743.13
EBIT ($mil)18.95-9.66
Net Income ($mil)-22.9-519.27


Balance Sheet Q2 FY17 Q2 FY16
Cash & Equiv. ($mil)112.21193.48
Total Assets ($mil)3744.113403.75
Total Debt ($mil)1198.85833.8
Equity ($mil)1843.941968.84


Profitability Q2 FY17 Q2 FY16
Gross Profit Margin42.8740.46
EBITDA Margin14.349.58
Operating Margin3.19-2.14
Sales Turnover0.580.52
Return on Assets-3.51-19.54
Return on Equity-7.13-33.79
Debt Q2 FY17 Q2 FY16
Current Ratio1.361.62
Debt/Capital0.390.3
Interest Expense18.787.54
Interest Coverage1.01-1.28


Share Data Q2 FY17 Q2 FY16
Shares outstanding (mil)331.58320.81
Div / share0.110.11
EPS-0.07-1.65
Book value / share5.566.14
Institutional Own % n/a n/a
Avg Daily Volume6775679.07052391.0

Valuation


BUY. The current P/E ratio is negative, which has no meaningful value in the assessment of premium or discount valuation, it simply displays that the company has negative earnings. To use another comparison, its price-to-book ratio of 2.38 indicates a discount versus the S&P 500 average of 3.03 and a significant discount versus the industry average of 5.26. The price-to-sales ratio is similar to the S&P 500 average, but it is significantly below the industry average, indicating a discount. After reviewing these and other key valuation criteria, CYPRESS SEMICONDUCTOR CORP proves to trade at a discount to investment alternatives within the industry.


Price/Earnings
1 2 3 4 5
premium   discount
  Price/Cash Flow
1 2 3 4 5
premium   discount
CY NM Peers 32.34   CY 17.01 Peers 18.74

Neutral. The absence of a valid P/E ratio happens when a stock can not be valued on the basis of a negative stream of earnings.

CY's P/E is negative making this valuation measure meaningless.

 

Average. 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.

CY is trading at a valuation on par to its peers.

 
Price/Projected
Earnings
1 2 3 4 5
premium   discount
  Price to
Earnings/Growth
1 2 3 4 5
premium   discount
CY 11.60 Peers 21.20   CY NA Peers 1.19

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

CY is trading at a discount to its peers.

 

Neutral. 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.

Ratio not available.

 
Price/Book
1 2 3 4 5
premium   discount
  Earnings Growth
1 2 3 4 5
lower   higher
CY 2.38 Peers 5.26   CY 81.14 Peers 51.58

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.

CY 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.

CY is expected to have an earnings growth rate that significantly exceeds its peers.

 
Price/Sales
1 2 3 4 5
premium   discount
  Sales Growth
1 2 3 4 5
premium   discount
CY 2.01 Peers 5.04   CY 22.24 Peers 26.68

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.

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

 

Lower. A sales growth rate that trails the industry implies that a company is losing market share.

CY trails its peers on the basis of sales growth

 

 

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