Ambiq Micro, Inc. (NYSE: AMBQ)

Sector: Technology Industry: Semiconductors CIK: 0001500412
Market Cap 348.06 Mn
P/B 2.05
P/E -8.21
P/S 4.58
ROIC (Qtr) 0.00
Div Yield % 0.00
Rev 1y % (Qtr) -10.37
Total Debt (Qtr) 771,000.00
Debt/Equity (Qtr) 0.00

About

Price action

Investment thesis

Bull case

  • Healthy cash reserves of 146.49M provide 364.40x coverage of short-term debt 402000, demonstrating strong liquidity position and minimal refinancing risk.
  • Strong tangible asset base of 178.16M provides 231.07x coverage of total debt 771000, indicating robust asset backing and low credit risk.
  • Tangible assets of 178.16M provide robust 18.64x coverage of other current liabilities 9.56M, indicating strong asset backing.
  • Cash reserves of 146.49M provide robust 11.04x coverage of current liabilities 13.27M, indicating strong short-term solvency.
  • Strong cash position of 146.49M provides 15.32x coverage of other current liabilities 9.56M, indicating excellent liquidity.

Bear case

  • Tangible assets of 178.16M provide limited backing for working capital of 159.76M, which is 1.12x, suggesting increased operational risk in market downturns.
  • Other non-current assets of 50000 provide minimal coverage for long-term debt of 369000, which is 0.14x, indicating potential asset-liability mismatch.
  • Other current liabilities of 9.56M represent a high 1.36x of receivables 7.01M, suggesting potential short-term liquidity pressure.

Peer comparison

Companies in the Semiconductors
S.No. Ticker Company Market Cap P/E P/S Total Debt (Qtr)
1 NVDA Nvidia Corp 4,516.69 Bn 45.53 24.14 10.48 Bn
2 TSM Taiwan Semiconductor Manufacturing Co Ltd 1,678.13 Bn 32.54 14.09 31.18 Bn
3 AVGO Broadcom Inc. 1,624.80 Bn 70.26 25.43 65.14 Bn
4 MU Micron Technology Inc 386.61 Bn 32.46 9.14 12.43 Bn
5 AMD Advanced Micro Devices Inc 330.88 Bn 100.08 10.33 3.87 Bn
6 INTC Intel Corp 300.63 Bn 1,518.33 5.63 46.55 Bn
7 QCOM Qualcomm Inc/De 195.07 Bn 35.20 4.40 14.81 Bn
8 TXN Texas Instruments Inc 173.86 Bn 34.48 10.07 14.05 Bn

Industry comparisons

Current Valuation Value Ind Avg Percentile
EV to Assets EV to Assets 0.00 4.22
EV to Cash from Ops. EV to Cash from Ops. 0.00 -369.72
EV to Debt EV to Debt 0.00 90.98
EV to EBIT EV to EBIT 0.00 -66.75
EV to EBITDA EV to EBITDA 0.00 23.41
EV to Free Cash Flow [EV/FCF] EV to Free Cash Flow [EV/FCF] 0.00 -8.88
EV to Market Cap EV to Market Cap 0.00 0.80
EV to Revenue EV to Revenue 0.00 20.68
Price to Book Value [P/B] P/B 2.05 5.21
Price to Earnings [P/E] P/E -8.21 11.55
Dividend Metrics Value Ind Avg Percentile
Dividend Coverage Ratio Dividend Coverage Ratio 0.00 2.39
Dividend Payout Ratio % Div Payout % (Qtr) 0.00 8.25
Dividend per Basic Share Div per Share (Qtr) 0.00 0.63
FCF Dividend Payout Ratio % FCF Div Payout % (Qtr) 0.00 9.91
Interest Coverage Interest Coverage 0.00 8.38
Growth Metrics Value Ind Avg Percentile
Capex Growth (1y) % Capex 1y % (Qtr) 0.00 -155.98
Cash and Equivalents Growth (1y) % Cash & Equiv 1y % (Qtr) 0.00 45.60
Dividend Growth (1y) % Dividend Growth (1y) % 0.00 5.64
EBIAT Growth (1y) % EBIAT 1y % (Qtr) 0.00 26.23
EBITDA Growth (1y) % EBITDA 1y % (Qtr) 0.00 47.12
EBIT Growth (1y) % EBIT 1y % (Qtr) 0.00 25.83
EBT Growth (1y) % EBT 1y % (Qtr) 0.00 39.93
EPS Growth (1y) % EPS 1y % (Qtr) 0.00 24.64
FCF Growth (1y) % FCF 1y % (Qtr) 0.00 244.42
Gross Profit Growth (1y) % Gross Profit 1y % (Qtr) 0.00 43.10
Liquidity Ratios Value Ind Avg Percentile
Asset Utilization Ratio Asset Util Ratio (Qtr) 0.00 0.49
Cash Payout Ratio Cash Payout (Qtr) 0.00 0.09
Cash Ratio Cash Ratio (Qtr) 11.04 2.23
Current Ratio Curr Ratio (Qtr) 13.04 5.43
Debt to Equity Ratio Debt/Equity (Qtr) 0.00 0.34
Interest Cover Ratio Interest Cover Ratio 0.00 8.38
Times Interest Earned Times Interest Earned 0.00 8.38
Profitability Value Ind Avg Percentile
EBITDA Margin % EBITDA Margin % (Qtr) 0.00 -112.38
EBIT Margin % EBIT Margin % (Qtr) 0.00 -91.98
EBT Margin % EBT Margin % (Qtr) 0.00 -132.25
Gross Margin % Gross Margin % (Qtr) 0.00 47.73
Net Profit Margin % Net Margin % (Qtr) 0.00 -133.26