Synaptics Incorporated
Find Ratings ReportsSYNAPTICS INC's gross profit margin for the second quarter of its fiscal year 2024 has decreased when compared to the same period a year ago. Sales and net income fell significantly, underperforming compared to the average company in its subsector. SYNAPTICS INC is extremely liquid. Currently, the Quick Ratio is 3.86 which clearly shows the ability to cover any short-term cash needs. The company's liquidity has increased from the same period last year.
During the same period, stockholders' equity ("net worth") has decreased by 6.15% 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 | Q2 FY24 | Q2 FY23 |
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Net Sales ($mil) | 237.0 | 353.1 |
EBITDA ($mil) | 8.5 | 84.7 |
EBIT ($mil) | -16.6 | 46.1 |
Net Income ($mil) | -9.0 | 22.0 |
Balance Sheet | Q2 FY24 | Q2 FY23 |
---|---|---|
Cash & Equiv. ($mil) | 848.7 | 858.9 |
Total Assets ($mil) | 2573.3 | 2725.3 |
Total Debt ($mil) | 1023.7 | 1033.0 |
Equity ($mil) | 1220.3 | 1300.4 |
Profitability | Q2 FY24 | Q2 FY23 |
---|---|---|
Gross Profit Margin | 54.94 | 61.29 |
EBITDA Margin | 3.58 | 23.98 |
Operating Margin | -7.0 | 13.06 |
Sales Turnover | 0.4 | 0.64 |
Return on Assets | -3.01 | 8.6 |
Return on Equity | -6.36 | 18.03 |
Debt | Q2 FY24 | Q2 FY23 |
---|---|---|
Current Ratio | 4.53 | 4.42 |
Debt/Capital | 0.46 | 0.44 |
Interest Expense | 16.3 | 12.3 |
Interest Coverage | -1.02 | 3.75 |
Share Data | Q2 FY24 | Q2 FY23 |
---|---|---|
Shares outstanding (mil) | 39.29 | 39.58 |
Div / share | 0.0 | 0.0 |
EPS | -0.23 | 0.55 |
Book value / share | 31.06 | 32.85 |
Institutional Own % | n/a | n/a |
Avg Daily Volume | 306119.0 | 388762.0 |
HOLD. This stock’s P/E ratio is negative, making its value useless in the assessment of premium or discount valuation, only displaying that the company has negative earnings per share. To use another comparison, its price-to-book ratio of 3.20 indicates a discount versus the S&P 500 average of 4.68 and a significant discount versus the subsector average of 23.59. The price-to-sales ratio is well above the S&P 500 average, but well below the subsector average. After reviewing these and other key valuation criteria, SYNAPTICS INC proves to trade at a discount to investment alternatives.
Price/Earnings |
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Price/Cash Flow |
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SYNA NM | Peers 53.34 | SYNA 13.25 | Peers 44.47 | |||||||||||||||||||||
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. SYNA's P/E is negative making this valuation measure meaningless. |
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. SYNA is trading at a significant discount to its peers. |
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Price/Projected Earnings |
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Price to Earnings/Growth |
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SYNA 22.61 | Peers 26.06 | SYNA NA | Peers 1.95 | |||||||||||||||||||||
Premium. A higher price-to-projected earnings ratio than its peers can signify a more expensive stock or higher future growth expectations. SYNA is trading at a significant premium 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. |
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Price/Book |
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Earnings Growth |
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SYNA 3.20 | Peers 23.59 | SYNA -134.48 | Peers 123.02 | |||||||||||||||||||||
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. SYNA is trading at a significant discount to 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. |
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Price/Sales |
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Sales Growth |
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SYNA 3.80 | Peers 14.13 | SYNA -41.15 | Peers 27.20 | |||||||||||||||||||||
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 subsector on this measurement. |
Lower. A sales growth rate that trails the subsector implies that a company is losing market share. SYNA significantly trails its peers on the basis of sales growth. |
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