Skywater Technology Intrinsic Value Calculation – SKYWATER TECHNOLOGY Reports Third Quarter Earnings for Fiscal Year 2023
November 25, 2023
🌥️Earnings Overview
SKYWATER TECHNOLOGY ($NASDAQ:SKYT) released their earnings for the third quarter of the fiscal year 2023, ending September 30, 2023. Revenue increased impressively by 36.9% year over year, totaling USD 71.6 million. Although, net income was a negative USD 7.6 million, a slight decrease from the previous year’s figure of -6.9 million.
Stock Price
This growth in earnings can be attributed to SKYWATER TECHNOLOGY‘s strong portfolio of services, such as: AI-driven data analytics, high-performance computing for oil and gas exploration, and cloud-based application development. The company’s strategy of investing heavily in research & development and expanding their market reach has paid off for them, and they are expected to continue to perform well in the foreseeable future. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Skywater Technology. More…
| Total Revenues | Net Income | Net Margin |
| 272.62 | -23.47 | -8.3% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Skywater Technology. More…
| Operations | Investing | Financing |
| -29.95 | -10.2 | 48.18 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Skywater Technology. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 299.71 | 231.88 | 1.34 |
Key Ratios Snapshot
Some of the financial key ratios for Skywater Technology are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 15.9% | – | -3.2% |
| FCF Margin | ROE | ROA |
| -14.7% | -8.8% | -1.8% |
Analysis – Skywater Technology Intrinsic Value Calculation
At GoodWhale, we recently completed an analysis of SKYWATER TECHNOLOGY‘s wellbeing. Our proprietary Valuation Line indicated that the fair value of SKYWATER TECHNOLOGY share should be around $17.2. However, currently SKYWATER TECHNOLOGY stock is trading at $5.4, which means it is undervalued by a whopping 68.6%. This represents a great opportunity for potential investors and calls for further research into why this discrepancy exists. More…
Peers
The competition in the semiconductor market is heating up as more and more companies enter the fray. Among them is SkyWater Technology Inc, which is looking to make a name for itself in the industry. It is up against some stiff competition from the likes of Suzhou Oriental Semiconductor Co Ltd, China Chippacking Technology Co Ltd, and Shinko Electric Industries Co Ltd.
– Suzhou Oriental Semiconductor Co Ltd ($SHSE:688261)
Suzhou Oriental Semiconductor Co Ltd is a Chinese company that manufactures semiconductors. The company has a market cap of 18.54B as of 2022 and a Return on Equity of 6.53%. The company’s products are used in a variety of electronic devices, including smartphones, televisions, and computers.
– China Chippacking Technology Co Ltd ($SHSE:688216)
China Chippacking Technology Co Ltd is a leading provider of advanced semiconductor packaging and testing services in China. The company has a market cap of 2.69B as of 2022 and a ROE of 4.17%. China Chippacking Technology Co Ltd offers a full range of packaging and testing services for a wide range of semiconductor devices, including logic, memory, and analog devices. The company’s advanced packaging and testing capabilities enable it to meet the stringent requirements of the most demanding applications.
– Shinko Electric Industries Co Ltd ($TSE:6967)
Shinko Electric Industries Co Ltd is a Japanese company that manufactures and sells electronic components and devices. The company has a market capitalization of 457.28 billion as of 2022 and a return on equity of 26.21%. Shinko Electric Industries Co Ltd manufactures products such as capacitors, resistors, and inductors. The company also sells products such as semiconductors, printed circuit boards, and LCDs.
Summary
SKYWATER TECHNOLOGY reported impressive revenue growth for the third quarter of 2023, with a 36.9% year over year increase to USD 71.6 million. Despite this, the company reported a net income of -7.6 million, slightly lower than the previous year’s figure. Investors should consider the revenue growth and estimated future earnings when making their decision on whether or not to invest in SKYWATER TECHNOLOGY.
Potential factors that could affect the company’s performance include industry trends, competition, and external economic factors. Analyzing these variables is essential for any investor looking to gain insight into the company’s potential.
