Navitas Semiconductor Corp (NASDAQ: NVTS)

Sector: Technology Industry: Semiconductors CIK: 0001821769
P/B 4.52
P/E -13.42
P/S 29.64
Market Cap 1.68 Bn
ROIC (Qtr) -27.19
Div Yield % 0.00
Rev 1y % (Qtr) -53.36
Total Debt (Qtr) 6.94 Mn
Debt/Equity (Qtr) 0.02

About

Stock Price Chart

Analysis

Pros

  • Healthy cash reserves of 151.22M provide 70.80x coverage of short-term debt 2.14M, demonstrating strong liquidity position and minimal refinancing risk.
  • Operating cash flow of (44.97M) provides exceptional 99.28x coverage of interest expenses (453000), showing strong debt service capability.
  • Strong tangible asset base of 209M provides 30.12x coverage of total debt 6.94M, indicating robust asset backing and low credit risk.
  • Free cash flow of (46.92M) provides exceptional 103.57x coverage of interest expense (453000), showing strong debt service ability.
  • Cash reserves of 151.22M provide robust 6.71x coverage of current liabilities 22.54M, indicating strong short-term solvency.

Cons

  • Investment activities of (1.95M) provide weak support for R&D spending of 56.42M, which is -0.03x, suggesting potentially insufficient investment in innovation relative to other capital deployment.
  • The company's operating cash flow of (44.97M) shows concerning coverage of stock compensation expenses of 11.55M, with a -3.90 ratio indicating potential earnings quality issues.
  • Free cash flow of (46.92M) provides weak coverage of capital expenditures of 1.95M, with a -24.11 ratio suggesting additional external financing needs for growth initiatives.
  • Operating earnings of (125.94M) show weak coverage of depreciation charges of 23.70M, with a -5.31 ratio indicating high capital intensity and potential reinvestment needs.
  • Operating cash flow of (44.97M) barely covers operating expenses of 21.56M with a -2.09 ratio, suggesting thin operational efficiency margins and limited flexibility.

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 3.54 3.95
EV to Cash from Ops. -33.88 -331.60
EV to Debt 219.60 86.14
EV to EBIT -12.10 -55.96
EV to EBITDA -18.66 20.88
EV to Free Cash Flow [EV/FCF] -32.48 -4.09
EV to Market Cap 0.91 0.80
EV to Revenue 26.92 18.79
Price to Book Value [P/B] 4.52 5.23
Price to Earnings [P/E] -13.42 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 278.01 8.19

Growth Metrics

Metric Value Industry Percentile
Capex Growth (1y) % 74.33 -155.77
Cash and Equivalents Growth (1y) % 53.35 44.44
Dividend Growth (1y) % 0.00 5.30
EBIAT Growth (1y) % -62.45 34.22
EBITDA Growth (1y) % 13.43 47.50
EBIT Growth (1y) % -62.56 30.14
EBT Growth (1y) % -61.78 47.04
EPS Growth (1y) % -52.38 36.18
FCF Growth (1y) % 41.46 252.76
Gross Profit Growth (1y) % -63.11 43.92

Liquidity Ratios

Metric Value Industry Percentile
Asset Utilization Ratio 0.13 0.49
Cash Payout Ratio 0.00 0.09
Cash Ratio 6.71 2.23
Current Ratio 7.94 5.43
Debt to Equity Ratio 0.02 0.34
Interest Cover Ratio 278.01 8.19
Times Interest Earned 278.01 8.19

Profitability

Metric Value Industry Percentile
EBITDA Margin % -180.60 -112.44
EBIT Margin % -222.51 -92.10
EBT Margin % -221.71 -132.39
Gross Margin % 24.20 47.63
Net Profit Margin % -220.90 -133.41