Financials Qorvo, Inc.

Equities

QRVO

US74736K1016

Semiconductors

Delayed Nasdaq 03:47:19 2024-05-28 pm EDT 5-day change 1st Jan Change
97.89 USD -0.41% Intraday chart for Qorvo, Inc. -0.11% -13.08%

Valuation

Fiscal Period: March 2020 2021 2022 2023 2024 2025 2026 2027
Capitalization 1 9,426 20,119 13,817 10,077 11,087 9,399 - -
Enterprise Value (EV) 1 10,278 20,464 14,892 11,316 11,607 10,210 10,130 10,198
P/E ratio 29.1 x 28.1 x 13.8 x 101 x -159 x 34.3 x 19.4 x 13.5 x
Yield - - - - - - - -
Capitalization / Revenue 2.91 x 5.01 x 2.97 x 2.82 x 2.94 x 2.41 x 2.22 x 2.06 x
EV / Revenue 3.17 x 5.1 x 3.21 x 3.17 x 3.08 x 2.62 x 2.39 x 2.24 x
EV / EBITDA 9.5 x 13.7 x 8.45 x 11.8 x 12.9 x 10.5 x 8.22 x 7.54 x
EV / FCF 13.2 x 18.4 x 17.8 x 16.5 x 16.4 x 14.7 x 11.8 x 9.91 x
FCF Yield 7.6% 5.45% 5.61% 6.05% 6.08% 6.78% 8.48% 10.1%
Price to Book 2.26 x 4.45 x 3.12 x 2.66 x 3.15 x 2.51 x 2.29 x 2.23 x
Nbr of stocks (in thousands) 115,685 113,263 108,432 99,889 96,548 95,629 - -
Reference price 2 81.48 177.6 127.4 100.9 114.8 98.29 98.29 98.29
Announcement Date 5/7/20 5/5/21 5/4/22 5/3/23 5/1/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: March 2020 2021 2022 2023 2024 2025 2026 2027
Net sales 1 3,239 4,015 4,646 3,569 3,770 3,894 4,241 4,556
EBITDA 1 1,082 1,495 1,763 960.9 902.9 974.4 1,232 1,352
EBIT 1 860.8 1,292 1,552 754.4 709.9 689.2 886.3 1,018
Operating Margin 26.58% 32.17% 33.4% 21.14% 18.83% 17.7% 20.9% 22.34%
Earnings before Tax (EBT) 1 395.1 807.4 1,181 124.6 73.56 469.7 699.2 814.7
Net income 1 334.3 733.6 1,033 103.2 -70.32 304.4 514.6 715.9
Net margin 10.32% 18.27% 22.24% 2.89% -1.87% 7.82% 12.13% 15.71%
EPS 2 2.800 6.320 9.260 1.000 -0.7200 2.865 5.056 7.294
Free Cash Flow 1 781.5 1,115 835.8 684.3 706 692.7 858.6 1,030
FCF margin 24.13% 27.77% 17.99% 19.17% 18.73% 17.79% 20.25% 22.6%
FCF Conversion (EBITDA) 72.2% 74.58% 47.42% 71.21% 78.19% 71.09% 69.7% 76.14%
FCF Conversion (Net income) 233.75% 151.97% 80.88% 663.37% - 227.56% 166.86% 143.82%
Dividend per Share 2 - - - - - - - -
Announcement Date 5/7/20 5/5/21 5/4/22 5/3/23 5/1/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: März 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2 2025 Q3 2025 Q4 2026 Q1
Net sales 1 1,114 1,166 1,035 1,158 743.3 632.7 651.2 1,103 1,074 941 852 1,024 1,056 965.1 942
EBITDA 1 425.8 429.1 336.4 389.6 149.8 85.12 96.75 328.6 - 193.4 138.9 270.6 301.7 220.5 191.6
EBIT 1 372 377.2 284.4 337.7 98.55 33.83 46.72 279.4 236.5 147.2 84.11 204.8 220.6 172.5 162.4
Operating Margin 33.4% 32.34% 27.47% 29.16% 13.26% 5.35% 7.17% 25.32% 22.03% 15.65% 9.87% 20.01% 20.89% 17.87% 17.24%
Earnings before Tax (EBT) 1 283.2 247.5 79.54 246.9 -2.775 -199 -51.68 139.5 -43.79 29.51 25.13 157.4 162 126 110.6
Net income 1 216.3 212.3 68.88 188.6 -15.93 -138.4 -43.58 97.46 -126.9 2.735 11.04 106.9 114.8 84.79 73.59
Net margin 19.41% 18.2% 6.65% 16.29% -2.14% -21.88% -6.69% 8.83% -11.82% 0.29% 1.3% 10.44% 10.87% 8.79% 7.81%
EPS 2 1.950 1.950 0.6500 1.820 -0.1600 -1.390 -0.4400 0.9900 -1.310 0.0300 -0.0428 1.006 1.111 0.7921 0.7404
Dividend per Share 2 - - - - - - - - - - - - - - -
Announcement Date 2/2/22 5/4/22 8/3/22 11/2/22 2/1/23 5/3/23 8/2/23 11/1/23 1/31/24 5/1/24 - - - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: März 2020 2021 2022 2023 2024 2025 2026 2027
Net Debt 1 852 345 1,075 1,239 520 811 731 799
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 0.7874 x 0.2306 x 0.6096 x 1.29 x 0.5759 x 0.8324 x 0.5935 x 0.5905 x
Free Cash Flow 1 781 1,115 836 684 706 693 859 1,030
ROE (net income / shareholders' equity) 17.4% 25.3% 30% 14.6% 16.4% 15.8% 21.1% 22.5%
ROA (Net income/ Total Assets) 12.2% 16.4% 18.7% 8.69% 9.22% 8.61% - -
Assets 1 2,747 4,476 5,526 1,187 -762.9 3,536 - -
Book Value Per Share 2 36.00 39.90 40.80 37.90 36.50 39.20 43.00 44.00
Cash Flow per Share 2 7.930 11.20 9.410 8.190 8.540 8.280 9.660 12.00
Capex 1 164 187 213 159 127 204 234 254
Capex / Sales 5.07% 4.66% 4.6% 4.45% 3.38% 5.25% 5.52% 5.57%
Announcement Date 5/7/20 5/5/21 5/4/22 5/3/23 5/1/24 - - -
1USD in Million2USD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
B
More Ratings
Sell
Consensus
Buy
Mean consensus
HOLD
Number of Analysts
28
Last Close Price
98.29 USD
Average target price
111 USD
Spread / Average Target
+12.89%
Consensus
  1. Stock Market
  2. Equities
  3. QRVO Stock
  4. Financials Qorvo, Inc.