Lattice Semiconductor Corp (NASDAQ: LSCC)

Sector: Technology Industry: Semiconductors CIK: 0000855658
P/B 14.58
P/E 378.10
P/S 20.81
Market Cap 10.30 Bn
ROIC (Qtr) 0.85
Div Yield % 0.00
Rev 1y % (Qtr) 4.92
Total Debt (Qtr) 14.58 Mn
Debt/Equity (Qtr) 0.02

About

Lattice Semiconductor Corporation (LSCC) is a significant player in the fabless semiconductor industry, specializing in the development and production of programmable logic semiconductor products, system solutions, design services, and licenses. The company is recognized as a low power programmable leader, offering solutions that empower customers to build a smart, secure, and interconnected world. LSCC's operations span various industries, including communications, computing, industrial, automotive, and consumer markets, with a global presence...

Read more

Stock Price Chart

Analysis

Pros

  • Strong operating cash flow of 162.94M provides robust 11.18x coverage of total debt 14.58M, indicating excellent debt servicing capability and financial flexibility.
  • Strong tangible asset base of 524.27M provides 35.97x coverage of total debt 14.58M, indicating robust asset backing and low credit risk.
  • Robust free cash flow of 111.84M exceeds capital expenditure of 51.10M by 2.19x, indicating strong organic growth funding capability.
  • Retained earnings of 219.83M provide full 15.08x coverage of long-term debt 14.58M, indicating strong internal capital position.
  • Operating cash flow of 162.94M provides solid 1.54x coverage of current liabilities 105.78M, showing strong operational health.

Cons

  • Operating cash flow of 162.94M barely covers its investment activities of (51.10M), with a coverage ratio of -3.19, indicating heavy reliance on external financing for growth which may not be sustainable in a tighter credit environment.
  • Investment activities of (51.10M) provide weak support for R&D spending of 173.13M, which is -0.30x, suggesting potentially insufficient investment in innovation relative to other capital deployment.
  • The company's operating cash flow of 162.94M shows concerning coverage of stock compensation expenses of 94.91M, with a 1.72 ratio indicating potential earnings quality issues.
  • Operating cash flow of 162.94M provides minimal -5.68x coverage of tax expenses of (28.71M), suggesting potential tax planning inefficiencies or unsustainable tax positions.
  • Operating earnings of (4.50M) show weak coverage of depreciation charges of 43.98M, with a -0.10 ratio indicating high capital intensity and potential reinvestment needs.

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 12.09 3.95
EV to Cash from Ops. 62.66 -331.60
EV to Debt 700.38 86.14
EV to EBIT -2,267.24 -55.96
EV to EBITDA 243.57 20.88
EV to Free Cash Flow [EV/FCF] 91.28 -4.09
EV to Market Cap 0.99 0.80
EV to Revenue 20.63 18.79
Price to Book Value [P/B] 14.58 5.23
Price to Earnings [P/E] 378.10 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 1.48 8.19

Growth Metrics

Metric Value Industry Percentile
Capex Growth (1y) % -43.20 -155.77
Cash and Equivalents Growth (1y) % -5.13 44.44
Dividend Growth (1y) % 0.00 5.30
EBIAT Growth (1y) % -38.50 34.22
EBITDA Growth (1y) % -68.91 47.50
EBIT Growth (1y) % -104.97 30.14
EBT Growth (1y) % -101.54 47.04
EPS Growth (1y) % -80.77 36.18
FCF Growth (1y) % -15.10 252.76
Gross Profit Growth (1y) % -15.18 43.92

Liquidity Ratios

Metric Value Industry Percentile
Asset Utilization Ratio 0.59 0.49
Cash Payout Ratio 0.00 0.09
Cash Ratio 1.11 2.23
Current Ratio 3.24 5.43
Debt to Equity Ratio 0.02 0.34
Interest Cover Ratio 1.48 8.19
Times Interest Earned 1.48 8.19

Profitability

Metric Value Industry Percentile
EBITDA Margin % 8.00 -112.44
EBIT Margin % -0.91 -92.10
EBT Margin % -0.30 -132.39
Gross Margin % 66.40 47.63
Net Profit Margin % 5.50 -133.41