Wolfspeed, Inc. (WOLF)

NYSE: WOLF · IEX Real-Time Price · USD
29.50
+0.92 (3.22%)
At close: Mar 28, 2024, 4:00 PM
29.49
-0.01 (-0.03%)
After-hours: Mar 28, 2024, 7:59 PM EDT

Total Valuation

Wolfspeed has a market cap or net worth of $3.71 billion. The enterprise value is $6.25 billion.

Market Cap 3.71B
Enterprise Value 6.25B

Important Dates

The next estimated earnings date is Wednesday, April 24, 2024.

Earnings Date Apr 24, 2024
Ex-Dividend Date n/a

Share Statistics

Wolfspeed has 125.80 million shares outstanding. The number of shares has increased by 1.01% in one year.

Shares Outstanding 125.80M
Shares Change (YoY) +1.01%
Shares Change (QoQ) +0.40%
Owned by Insiders (%) 0.92%
Owned by Institutions (%) 113.70%
Float 124.74M

Valuation Ratios

PE Ratio n/a
Forward PE n/a
PS Ratio 4.26
Forward PS 3.79
PB Ratio 3.23
P/FCF Ratio n/a
PEG Ratio n/a
Financial Ratio History

Enterprise Valuation

EV / Earnings n/a
EV / Sales 7.18
EV / EBITDA n/a
EV / EBIT n/a
EV / FCF n/a

Financial Position

The company has a current ratio of 5.13, with a Debt / Equity ratio of 4.50.

Current Ratio 5.13
Quick Ratio 4.13
Debt / Equity 4.50
Debt / EBITDA n/a
Debt / FCF n/a
Interest Coverage n/a

Financial Efficiency

Return on equity (ROE) is -52.60% and return on invested capital (ROIC) is -6.43%.

Return on Equity (ROE) -52.60%
Return on Assets (ROA) -11.30%
Return on Capital (ROIC) -6.43%
Revenue Per Employee $181,237
Profits Per Employee -$156,851
Employee Count 4,802
Asset Turnover 0.13
Inventory Turnover 2.15

Taxes

In the past 12 months, Wolfspeed has paid $1.30 million in taxes.

Income Tax 1.30M
Effective Tax Rate n/a

Stock Price Statistics

The stock price has decreased by -51.39% in the last 52 weeks. The beta is 1.65, so Wolfspeed's price volatility has been higher than the market average.

Beta (1Y) 1.65
52-Week Price Change -51.39%
50-Day Moving Average 28.50
200-Day Moving Average 40.61
Relative Strength Index (RSI) 56.90
Average Volume (30 Days) 4,789,993

Short Selling Information

The latest short interest is 19.64 million, so 15.61% of the outstanding shares have been sold short.

Short Interest 19.64M
Short Previous Month 19.29M
Short % of Shares Out 15.61%
Short % of Float 15.74%
Short Ratio (days to cover) 4.47

Income Statement

In the last 12 months, Wolfspeed had revenue of $870.30 million and -$753.20 million in losses. Loss per share was -$6.02.

Revenue 870.30M
Gross Profit 185.20M
Operating Income -406.60M
Pretax Income -751.90M
Net Income -753.20M
EBITDA -576.30M
EBIT -751.90M
Loss Per Share -$6.02
Full Income Statement

Balance Sheet

The company has $2.64 billion in cash and $5.18 billion in debt, giving a net cash position of -$2.54 billion or -$20.20 per share.

Cash & Cash Equivalents 2.64B
Total Debt 5.18B
Net Cash -2.54B
Net Cash Per Share -$20.20
Equity / Book Value 1.15B
Book Value Per Share 9.14
Working Capital 2.77B
Full Balance Sheet

Cash Flow

In the last 12 months, operating cash flow was -$412.80 million and capital expenditures -$1.61 billion, giving a free cash flow of -$2.02 billion.

Operating Cash Flow -412.80M
Capital Expenditures -1.61B
Free Cash Flow -2.02B
FCF Per Share -$16.07
Full Cash Flow Statement

Margins

Gross margin is 21.28%, with operating and profit margins of -46.72% and -86.54%.

Gross Margin 21.28%
Operating Margin -46.72%
Pretax Margin -86.40%
Profit Margin -86.54%
EBITDA Margin -66.22%
EBIT Margin -86.40%
FCF Margin -231.92%

Dividends & Yields

Wolfspeed does not appear to pay any dividends at this time.

Dividend Per Share n/a
Dividend Yield n/a
Dividend Growth (YoY) n/a
Years of Dividend Growth n/a
Payout Ratio n/a
Buyback Yield -1.01%
Shareholder Yield -1.01%
Earnings Yield -20.30%
FCF Yield -54.39%
Dividend Details

Analyst Forecast

The average price target for Wolfspeed is $46.50, which is 57.63% higher than the current price. The consensus rating is "Buy".

Price Target $46.50
Price Target Difference 57.63%
Analyst Consensus Buy
Analyst Count 15
Revenue Growth Forecast (5Y) 29.58%
EPS Growth Forecast (5Y) n/a
Stock Forecasts

Stock Splits

The last stock split was on December 11, 2000. It was a forward split with a ratio of 2:1.

Last Split Date Dec 11, 2000
Split Type Forward
Split Ratio 2:1

Scores

Wolfspeed has an Altman Z-Score of 0.1 and a Piotroski F-Score of 1. A Z-score under 3 suggests an increased risk of bankruptcy.

Altman Z-Score 0.1
Piotroski F-Score 1