Nasdaq · Semiconductors & Related Devices
Quote as of Oct 9, 2:31 PM ET · delayed
Overvalued. Our fair value estimate is USD 250.00 against a price of USD 327.98, -24% implied downside. Reasoning and scenarios are in MACOM stock: strong growth still leaves little room for a stumble.
MACOM stock is down 4.2% at $335.91, but the reason for today’s move is unclear. Strong quarterly growth and an upbeat company forecast sit beside a valuation that already prices in substantial progress.
StockLarge CapSemiconductorsNo earnings notes for this company yet.
Revenue (USD, billions)
Margins (%)
Free cash flow (USD, billions)
Estimated ROIC (%)
Net debt (USD, billions)
Monetary values are in USD; revenue, FCF and net debt are in billions; EPS is per share. Missing values appear as gaps and “Not available.” Source: SEC EDGAR XBRL filings, latest restated values; quarterly cash flow derived from year-to-date figures; Q4 = fiscal year minus nine months. ROIC is NOPAT (21% tax) over debt plus equity.
| Period | Revenue | Gross % | Op % | FCF | EPS | ROIC % | Net debt |
|---|---|---|---|---|---|---|---|
| FY2016 | 0.54 | 51.7 | 2.43 | 0.05 | 0.03 | 1.01 | 0.24 |
| FY2017 | 0.70 | 46.8 | -2.30 | 0.03 | -2.79 | -0.88 | 0.53 |
| FY2018 | 0.57 | 43.1 | -18.7 | -0.02 | -2.57 | -6.34 | 0.56 |
| FY2019 | 0.50 | 44.2 | -76.1 | -0.02 | -5.84 | -31.0 | 0.58 |
| FY2021 | 0.53 | 51.0 | 0.64 | 0.15 | -0.69 | 0.28 | 0.52 |
| FY2022 | 0.61 | 56.3 | 13.3 | 0.13 | 0.54 | 6.64 | 0.34 |
| FY2022 | 0.68 | 60.2 | 19.6 | 0.15 | 6.18 | 7.44 | 0.45 |
| FY2023 | 0.65 | 59.5 | 16.6 | 0.14 | 1.28 | 6.08 | 0.27 |
| FY2024 | 0.73 | 54.0 | 10.1 | 0.14 | 1.04 | 3.70 | 0.30 |
| FY2026 | 0.97 | 54.7 | 13.4 | 0.19 | -0.73 | 6.15 | 0.23 |
Current price
USD 327.98
Fair value estimate
USD 250.00
Implied upside
-23.8%
Bear
25%USD 140
Direct equity valuation using assumed normalized annual EPS multiplied by an assumed earnings multiple.
Growth and margin momentum cool after the forecast quarter and the market assigns a lower multiple. The valuation reflects $4.00 assumed EPS × 35, or $140 per share.
Base
55%USD 250
Direct equity valuation using assumed normalized annual EPS multiplied by an assumed earnings multiple.
The business sustains growth, but the valuation multiple moderates from its current level. Assumed $5.00 EPS × 50 gives $250 per share.
Bull
20%USD 380
Direct equity valuation using assumed normalized annual EPS multiplied by an assumed earnings multiple.
Strong growth and margins persist and investors continue to pay a premium multiple. Assumed $6.00 EPS × 63.33 gives approximately $380 per share.
No news items logged for this company yet.