Cirrus Logic, Inc. (NASDAQ: CRUS)

Sector: Technology Industry: Semiconductors CIK: 0000772406
P/B 3.13
P/E 16.83
P/S 3.28
Market Cap 6.39 Bn
ROIC (Qtr) 18.10
Div Yield % 0.00
Rev 1y % (Qtr) 3.53
Total Debt (Qtr) 140.47 Mn
Debt/Equity (Qtr) 0.07

About

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Stock Price Chart

Analysis

Pros

  • Strong operating cash flow of 557.32M provides robust 3.97x coverage of total debt 140.47M, indicating excellent debt servicing capability and financial flexibility.
  • Healthy cash reserves of 593.48M provide 30.46x coverage of short-term debt 19.48M, demonstrating strong liquidity position and minimal refinancing risk.
  • Operating cash flow of 557.32M provides exceptional 621.31x coverage of interest expenses 897000, showing strong debt service capability.
  • Strong tangible asset base of 1.97B provides 14.02x coverage of total debt 140.47M, indicating robust asset backing and low credit risk.
  • Strong operating cash flow of 557.32M provides 3.60x coverage of SG&A expenses 154.75M, showing efficient operational cost management.

Cons

  • Operating cash flow of 557.32M barely covers its investment activities of (66.39M), with a coverage ratio of -8.40, indicating heavy reliance on external financing for growth which may not be sustainable in a tighter credit environment.
  • Investment activities of (66.39M) provide weak support for R&D spending of 429.31M, which is -0.15x, suggesting potentially insufficient investment in innovation relative to other capital deployment.
  • Long-term investments of 250.15M represent a high 0.90x of fixed assets 276.47M, indicating potential overexposure to financial assets versus operational capabilities.
  • Retained earnings of 139.03M provide limited buffer against comprehensive income items of (221000), which is -629.07x, indicating elevated exposure to market risks.
  • Operating cash flow of 557.32M is outpaced by equity issuance of (343.21M) (-1.62 ratio), indicating concerning reliance on equity markets for funding operations.

Peer Comparison

Companies in the Semiconductors
S.No. Ticker Company Market Cap P/E P/S Total Debt (Qtr)
1 NVDA Nvidia Corp 4,276.26 Bn 43.11 22.85 10.48 Bn
2 AVGO Broadcom Inc. 1,690.87 Bn 89.31 28.22 64.23 Bn
3 TSM Taiwan Semiconductor Manufacturing Co Ltd 1,514.32 Bn 29.36 12.71 31.18 Bn
4 AMD Advanced Micro Devices Inc 343.27 Bn 103.83 10.72 3.87 Bn
5 MU Micron Technology Inc 269.16 Bn 31.52 7.20 15.28 Bn
6 INTC Intel Corp 249.55 Bn 1,260.33 4.67 46.55 Bn
7 QCOM Qualcomm Inc/De 195.62 Bn 35.30 4.42 14.81 Bn
8 TXN Texas Instruments Inc 163.92 Bn 32.50 9.49 14.05 Bn

Industry Comparisons

Current Valuation

Metric Value Industry Percentile
EV to Assets 2.46 3.95
EV to Cash from Ops. 10.73 -331.60
EV to Debt 42.58 86.14
EV to EBIT 12.38 -55.96
EV to EBITDA 11.94 20.88
EV to Free Cash Flow [EV/FCF] 11.06 -4.09
EV to Market Cap 0.94 0.80
EV to Revenue 3.07 18.79
Price to Book Value [P/B] 3.13 5.23
Price to Earnings [P/E] 16.83 12.47

Dividend Metrics

Metric Value Industry Percentile
Dividend Coverage Ratio 0.00 2.29
Dividend Payout Ratio % 0.00 8.00
Dividend per Basic Share 0.00 0.62
FCF Dividend Payout Ratio % 0.00 10.38
Interest Coverage 538.71 8.19

Growth Metrics

Metric Value Industry Percentile
Capex Growth (1y) % 43.71 -155.77
Cash and Equivalents Growth (1y) % 33.14 44.44
Dividend Growth (1y) % 0.00 5.30
EBIAT Growth (1y) % 15.76 34.22
EBITDA Growth (1y) % 11.70 47.50
EBIT Growth (1y) % 12.57 30.14
EBT Growth (1y) % 12.60 47.04
EPS Growth (1y) % 18.95 36.18
FCF Growth (1y) % -1.71 252.76
Gross Profit Growth (1y) % 5.23 43.92

Liquidity Ratios

Metric Value Industry Percentile
Asset Utilization Ratio 0.80 0.49
Cash Payout Ratio 0.00 0.09
Cash Ratio 2.82 2.23
Current Ratio 6.50 5.43
Debt to Equity Ratio 0.07 0.34
Interest Cover Ratio 538.71 8.19
Times Interest Earned 538.71 8.19

Profitability

Metric Value Industry Percentile
EBITDA Margin % 27.50 -112.44
EBIT Margin % 24.80 -92.10
EBT Margin % 24.75 -132.39
Gross Margin % 53.00 47.63
Net Profit Margin % 19.50 -133.41