Qorvo, Inc. (QRVO)

NASDAQ: QRVO · IEX Real-Time Price · USD
+3.01 (3.03%)
At close: Mar 23, 2023, 4:00 PM
-0.01 (-0.01%)
After-hours: Mar 23, 2023, 4:37 PM EDT

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
Financial Ratio History

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


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
Full Income Statement

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
Full Balance Sheet

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
Full Cash Flow Statement


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%
Dividend Details

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 Forecasts

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