Skywater Technology Stock Fair Value – SKYWATER TECHNOLOGY Reports Positive Earnings Results for FY2023 Q1.
May 26, 2023
Earnings Overview
SKYWATER TECHNOLOGY ($NASDAQ:SKYT) reported their fiscal year (FY) 2023 Q1 earnings results as of March 31, 2023 on May 8. The company’s total revenue yielded an impressive 37.3% year-over-year increase at USD 66.1 million. Most notably, their net income also saw a significant improvement from -14.6 million in FY2022 Q1 to -4.3 million in FY2023 Q1.
Market Price
On Monday, SKYWATER TECHNOLOGY reported positive earnings results for its first quarter of fiscal year 2023. The company’s stock opened at $9.4 and closed at $9.6, up by 2.7% from its last closing price. The increase in stock value showcases the significant progress that SKYWATER TECHNOLOGY has made in terms of profitability and performance. This increase in net income is attributed to the company’s focus on cost-cutting measures and improved marketing campaigns to boost brand recognition and sales.
Additionally, a strong emphasis on research and development initiatives has resulted in new product launches and technological advances that have contributed to the company’s growth. The higher than expected earnings results for the first quarter has resulted in a surge in investor confidence in SKYWATER TECHNOLOGY. Investors are optimistic that the company will continue to build on its success as it moves into the second quarter of FY2023 and beyond. With a strong portfolio of products, services and cutting-edge technology, there is no doubt that SKYWATER TECHNOLOGY will remain a leader in its industry. 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 |
| 230.91 | -27.26 | -11.5% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Skywater Technology. More…
| Operations | Investing | Financing |
| -14.59 | -15.7 | 37.7 |
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 |
| 292.83 | 235.35 | 1.27 |
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% | – | -7.4% |
| FCF Margin | ROE | ROA |
| -13.1% | -19.3% | -3.6% |
Analysis – Skywater Technology Stock Fair Value
At GoodWhale, we are dedicated to analyzing the wellbeing of companies from all industries, and recently we completed the analysis of SKYWATER TECHNOLOGY. After a thorough review of the company’s financials and prospects, we were able to arrive at a fair value for the business. Our proprietary Valuation Line tool calculated the fair value of the SKYWATER TECHNOLOGY share to be around $17.6. However, the current market price for the stock is only $9.6. This presents a great opportunity for potential investors, as it means that the stock is currently undervalued by 45.6%. We highly recommend that potential investors keep an eye out for SKYWATER TECHNOLOGY and capitalize on this great opportunity if possible. More…
Peers
The competition in the semiconductor market is heating up as more and more companies enter the fray. Among them is SkyWater Technology Inc, which is looking to make a name for itself in the industry. It is up against some stiff competition from the likes of Suzhou Oriental Semiconductor Co Ltd, China Chippacking Technology Co Ltd, and Shinko Electric Industries Co Ltd.
– Suzhou Oriental Semiconductor Co Ltd ($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‘s first quarter of 2023 showed strong growth, with total revenue up 37.3% year over year to USD 66.1 million and net income improving from -14.6 million to -4.3 million. This indicates that the company is performing well and could be a good investment opportunity. Investors should consider carefully the risks associated with investing in SKYWATER TECHNOLOGY, including macroeconomic conditions, technological advancement and competitive landscape. However, given the impressive results reported in the first quarter, SKYWATER TECHNOLOGY could be a solid investment for those looking to diversify their portfolio.
