Qorvo, Inc. (QRVO)
Total Valuation
Qorvo has a market cap or net worth of $10.24 billion. The enterprise value is $11.49 billion.
| Market Cap | 10.24B |
| Enterprise Value | 11.49B |
Important Dates
The next earnings date is Wednesday, May 3, 2023, after market close.
| Estimated Earnings Date | May 3, 2023 |
| Ex-Dividend Date | n/a |
Share Statistics
Qorvo has 99.89 million shares outstanding. The number of shares has decreased by -8.90% in one year.
| Shares Outstanding | 99.89M |
| Shares Change (YoY) | -8.90% |
| Shares Change (QoQ) | -2.63% |
| Owned by Insiders (%) | 0.56% |
| Owned by Institutions (%) | 88.82% |
| Float | 93.31M |
Valuation Ratios
The trailing PE ratio is 24.28 and the forward PE ratio is 13.51. Qorvo's PEG ratio is 2.55.
| PE Ratio | 24.28 |
| Forward PE | 13.51 |
| PS Ratio | 2.52 |
| Forward PS | 2.97 |
| PB Ratio | 2.49 |
| P/FCF Ratio | 10.92 |
| PEG Ratio | 2.55 |
Enterprise Valuation
The stock's EV/EBITDA ratio is 11.67, with an EV/FCF ratio of 12.11.
| EV / Earnings | 25.31 |
| EV / Sales | 2.80 |
| EV / EBITDA | 11.67 |
| EV / EBIT | 17.95 |
| EV / FCF | 12.11 |
Financial Position
The company has a current ratio of 3.68, with a Debt / Equity ratio of 0.49.
| Current Ratio | 3.68 |
| Quick Ratio | 2.15 |
| Debt / Equity | 0.49 |
| Debt / EBITDA | 2.08 |
| Debt / FCF | 2.16 |
Financial Efficiency
Return on equity (ROE) is 10.50% and return on invested capital (ROIC) is 14.60%.
| Return on Equity (ROE) | 10.50% |
| Return on Assets (ROA) | 6.20% |
| Return on Capital (ROIC) | 14.60% |
| Revenue Per Employee | $460,995 |
| Profits Per Employee | $50,994 |
| Employee Count | 8,900 |
| Asset Turnover | 0.56 |
| Inventory Turnover | 3.00 |
Taxes
In the past 12 months, Qorvo has paid $117.27 million in taxes.
| Income Tax | 117.27M |
| Effective Tax Rate | 20.53% |
Stock Price Statistics
The stock price has decreased by -19.73% in the last 52 weeks. The beta is 1.48, so Qorvo's price volatility has been higher than the market average.
| Beta (1Y) | 1.48 |
| 52-Week Price Change | -19.73% |
| 50-Day Moving Average | 102.68 |
| 200-Day Moving Average | 96.22 |
| Average Volume (30 Days) | 1,331,810 |
Short Selling Information
The latest short interest is 2.62 million, so 2.62% of the outstanding shares have been sold short.
| Short Interest | 2.62M |
| Short Previous Month | 2.55M |
| Short % of Shares Out | 2.62% |
| Short % of Float | 2.81% |
| Short Ratio (days to cover) | 1.67 |
Income Statement
In the last 12 months, Qorvo had revenue of $4.10 billion and earned $453.84 million in profits. Earnings per share was $4.27.
| Revenue | 4.10B |
| Gross Profit | 1.75B |
| Operating Income | 642.75M |
| Pretax Income | 571.11M |
| Net Income | 453.84M |
| EBITDA | 984.19M |
| EBIT | 639.73M |
| Earnings Per Share (EPS) | $4.27 |
Balance Sheet
The company has $918.76 million in cash and $2.05 billion in debt, giving a net cash position of -$1.13 billion or -$11.30 per share.
| Cash & Cash Equivalents | 918.76M |
| Total Debt | 2.05B |
| Net Cash | -1.13B |
| Net Cash Per Share | -$11.30 |
| Equity / Book Value | 4.16B |
| Book Value Per Share | 41.69 |
| Working Capital | 1.64B |
Cash Flow
In the last 12 months, operating cash flow was $1.12 billion and capital expenditures -$175.33 million, giving a free cash flow of $948.34 million.
| Operating Cash Flow | 1.12B |
| Capital Expenditures | -175.33M |
| Free Cash Flow | 948.34M |
| FCF Per Share | $9.40 |
Margins
Gross margin is 42.72%, with operating and profit margins of 15.67% and 11.06%.
| Gross Margin | 42.72% |
| Operating Margin | 15.67% |
| Pretax Margin | 13.92% |
| Profit Margin | 11.06% |
| EBITDA Margin | 23.99% |
| EBIT Margin | 15.59% |
| FCF Margin | 23.11% |
Dividends & Yields
Qorvo does not appear to pay any dividends at this time.
| Dividend Per Share | n/a |
| Dividend Yield | n/a |
| Earnings Yield | 4.38% |
| FCF Yield | 9.16% |
| Dividend Growth (YoY) | n/a |
| Payout Ratio | n/a |
| Buyback Yield | 8.90% |
| Shareholder Yield | 8.90% |
Analyst Forecast
The average price target for Qorvo is $109.58, which is 6.93% higher than the current price. The consensus rating is "Hold".
| Price Target | $109.58 |
| Price Target Difference | 6.93% |
| Analyst Consensus | Hold |
| Analyst Count | 35 |
| Revenue Growth Forecast (5Y) | 3.51% |
| EPS Growth Forecast (5Y) | 6.96% |
Stock Splits
The last stock split was on January 2, 2015. It was a reverse split with a ratio of 1:4.
| Last Split Date | Jan 2, 2015 |
| Split Type | Reverse |
| Split Ratio | 1:4 |