Qorvo Financials

QRVO Stock  USD 67.87  2.21  3.37%   
Based on the analysis of Qorvo's profitability, liquidity, and operating efficiency, Qorvo Inc may be sliding down financialy. It has an above-average probability of going through some form of financial hardship next quarter. At this time, Qorvo's Other Current Assets are very stable compared to the past year. As of the 21st of November 2024, Total Liabilities is likely to grow to about 3.1 B, while Total Assets are likely to drop about 3.6 B. Key indicators impacting Qorvo's financial strength include:
Current ValueLast YearChange From Last Year 10 Year Trend
Debt Equity Ratio0.210.559
Way Down
Slightly volatile
Current Ratio4.181.9885
Way Up
Very volatile
The essential information of the day-to-day investment outlook for Qorvo includes many different criteria found on its balance sheet. An individual investor should monitor Qorvo's cash flow, debt, and profitability to accurately make informed decisions on whether to invest in Qorvo.

Net Income

(66.81 Million)

  
Understanding current and past Qorvo Financials, including the trends in assets, liabilities, equity and income are directly related to making proper and timely investing decisions. All of Qorvo's financial statements are interrelated, with each one affecting the others. For example, an increase in Qorvo's assets may result in an increase in income on the income statement.

Qorvo Earnings Geography

Qorvo Stock Summary

Qorvo competes with NXP Semiconductors, ON Semiconductor, Texas Instruments, Analog Devices, and Lattice Semiconductor. Qorvo, Inc. develops and commercializes technologies and products for wireless, wired, and power markets worldwide. The company was founded in 1957 and is headquartered in Greensboro, North Carolina. Qorvo operates under Semiconductors classification in the United States and is traded on NASDAQ Exchange. It employs 8900 people.
Specialization
Information Technology, Semiconductors & Semiconductor Equipment
InstrumentUSA Stock View All
ExchangeNASDAQ Exchange
ISINUS74736K1016
CUSIP74736K101
LocationNorth Carolina; U.S.A
Business Address7628 Thorndike Road,
SectorSemiconductors & Semiconductor Equipment
IndustryInformation Technology
BenchmarkDow Jones Industrial
Websitewww.qorvo.com
Phone336 664 1233
CurrencyUSD - US Dollar

Qorvo Key Financial Ratios

Qorvo Key Balance Sheet Accounts

201920202021202220232024 (projected)
Total Assets6.6B7.2B7.5B6.7B6.6B3.6B
Other Current Liab74.2M112.7M347.2M345.1M478.5M502.4M
Retained Earnings0.0355.0M512.1M84.5M(89.6M)(94.1M)
Accounts Payable247.0M313.9M327.9M210.7M253.0M143.1M
Cash714.9M1.4B972.6M808.8M1.0B1.1B
Other Assets100.2M119.5M324.1M193.4M222.4M233.5M
Long Term Debt1.6B1.7B2.0B2.0B1.5B1.6B
Inventory517.2M507.8M755.7M796.6M710.6M746.1M
Other Current Assets91.2M120.7M152.7M119.9M278.8M292.8M
Total Liab2.3B2.6B3.0B2.8B3.0B3.1B
Intangible Assets808.9M611.2M674.8M537.7M509.4M555.5M
Common Stock4.3B4.2B4.0B3.8B3.7B2.5B
Other Liab103.7M114.7M233.6M185.3M213.1M223.7M
Good Will2.6B2.6B2.8B2.8B2.5B2.7B
Net Debt852.3M344.7M1.1B1.2B958.8M481.7M
Net Receivables367.2M457.4M568.9M304.5M427.4M386.8M
Total Current Assets1.7B2.5B2.4B2.0B2.4B1.8B
Net Tangible Assets869.5M1.4B1.1B604.3M543.9M967.0M
Short Term Debt6.9M5.1M17.4M19.4M438.7M460.7M

Qorvo Key Income Statement Accounts

201920202021202220232024 (projected)
Interest Expense60.4M75.2M63.3M68.5M69.2M72.7M
Total Revenue3.2B4.0B4.6B3.6B3.8B1.9B
Gross Profit1.3B1.9B2.3B1.3B1.5B804.4M
Operating Income(13.5M)426.5M883.0M183.2M91.7M96.3M
Research Development484.4M570.4M623.6M649.8M682.2M716.4M
Cost Of Revenue1.9B2.1B2.4B2.3B2.3B2.4B
Income Before Tax395.1M807.4M1.2B124.6M73.6M69.9M
Net Income334.3M733.6M1.0B103.2M(70.3M)(66.8M)
Income Tax Expense60.8M73.8M147.7M21.5M143.9M151.1M
Ebit(13.5M)882.6M1.2B193.1M142.8M75.4M
Ebitda455.5M1.3B1.6B531.9M463.7M539.8M
Tax Provision60.8M73.8M147.7M21.5M143.9M151.1M
Interest Income7.0M11.0M12.1M6.9M6.2M8.0M
Net Interest Income(48.3M)(75.2M)(63.3M)(68.5M)(69.2M)(72.7M)

Qorvo Key Cash Accounts

201920202021202220232024 (projected)
Capital Expenditures164.1M187.0M213.5M159.0M127.2M152.6M
Net Income334.3M733.6M1.0B103.2M(70.3M)(66.8M)
Change To Netincome50.1M133.8M178.3M77.1M88.7M76.7M
Change To Inventory10.3M9.4M(236.2M)(81.5M)92.9M97.6M
End Period Cash Flow715.6M1.4B972.8M808.9M1.0B699.2M
Change In Cash4.2M682.7M(425.5M)(163.9M)240.3M252.3M
Free Cash Flow781.5M1.1B835.8M684.3M706.0M559.6M
Depreciation468.9M456.1M361.4M338.8M320.9M464.5M
Other Non Cash Items(14.7M)62.6M62.9M264.8M299.9M314.9M
Investments2.0M(218.7M)(596.0M)(153.4M)(136.5M)(143.3M)
Net Borrowings(145.3M)659M118.8M301.6M346.8M211.2M
Change Receivables21.0M(91.3M)(107.9M)264.8M304.5M319.7M

Qorvo Financial Ratios Relationships

Comparative valuation techniques use various fundamental indicators to help in determining Qorvo's current stock value. Our valuation model uses many indicators to compare Qorvo value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Qorvo competition to find correlations between indicators driving Qorvo's intrinsic value. More Info.
Qorvo Inc is rated below average in return on equity category among its peers. It is rated below average in return on asset category among its peers . At this time, Qorvo's Return On Equity is very stable compared to the past year. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Qorvo's earnings, one of the primary drivers of an investment's value.

Qorvo's Earnings Breakdown by Geography

Qorvo Inc Systematic Risk

Qorvo's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Qorvo volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The output start index for this execution was fourteen with a total number of output elements of fourty-seven. The Beta measures systematic risk based on how returns on Qorvo Inc correlated with the market. If Beta is less than 0 Qorvo generally moves in the opposite direction as compared to the market. If Qorvo Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Qorvo Inc is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Qorvo is generally in the same direction as the market. If Beta > 1 Qorvo moves generally in the same direction as, but more than the movement of the benchmark.

Qorvo Thematic Clasifications

Qorvo Inc is part of Semiconductor investing theme. If you are a theme-oriented, socially responsible, and at the same time, a result-driven investor, you can align your investing habits with your values without jeopardizing your expectations about returns. You can easily create an optimal portfolio of stocks, ETFs, funds, or cryptocurrencies based on a specific theme of your liking. Semiconductor materials and production. Companies involved in production of semiconductor and semiconductor materials
SemiconductorView
This theme covers Semiconductor materials and production. Companies involved in production of semiconductor and semiconductor materials. Get More Thematic Ideas
Today, most investors in Qorvo Stock are looking for potential investment opportunities by analyzing not only static indicators but also various Qorvo's growth ratios. Consistent increases or decreases in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's growth growth rates may not be enough to decide which company is a better investment. That's why investors frequently use static breakdown of Qorvo growth as a starting point in their analysis.

Price Earnings To Growth Ratio

(1.51)

At this time, Qorvo's Price Earnings To Growth Ratio is very stable compared to the past year.

Qorvo November 21, 2024 Opportunity Range

Along with financial statement analysis, the daily predictive indicators of Qorvo help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Qorvo Inc. We use our internally-developed statistical techniques to arrive at the intrinsic value of Qorvo Inc based on widely used predictive technical indicators. In general, we focus on analyzing Qorvo Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Qorvo's daily price indicators and compare them against related drivers.
When determining whether Qorvo Inc offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Qorvo's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Qorvo Inc Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Qorvo Inc Stock:
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Qorvo Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in real.
You can also try the Portfolio Dashboard module to portfolio dashboard that provides centralized access to all your investments.
Is Semiconductors & Semiconductor Equipment space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Qorvo. If investors know Qorvo will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Qorvo listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.46)
Earnings Share
(1.45)
Revenue Per Share
41.112
Quarterly Revenue Growth
(0.05)
Return On Assets
0.0341
The market value of Qorvo Inc is measured differently than its book value, which is the value of Qorvo that is recorded on the company's balance sheet. Investors also form their own opinion of Qorvo's value that differs from its market value or its book value, called intrinsic value, which is Qorvo's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Qorvo's market value can be influenced by many factors that don't directly affect Qorvo's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Qorvo's value and its price as these two are different measures arrived at by different means. Investors typically determine if Qorvo is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Qorvo's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.