A Business at a Glance
0 of 5 daily views used (5 remaining). Sign up free for 10 daily views, or try AAPL for a full preview.
We are a U.S.-based, independent, pure-play technology foundry that offers advanced semiconductor development and manufacturing services from our fabrication facility, or fab, in Minnesota and advanced packaging services from our Florida facility. Our Technology-as-a-Service (“TaaS”) model leverages a foundation of proprietary technology, engineering know-how capabilities, and microelectronics manufacturing capacity to co-develop process technology intellectual property (“IP”) with our customers that enables disruptive concepts through our Advanced Technology Services (“ATS”) for diverse microelectronics (integrated circuits (“ICs”)) and related micro- and nanotechnology applications. In addition to differentiated technology development services, we support customers with volume production of ICs for high-growth markets through our Wafer Services.
| Metric | TTM | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Revenue | 347M | 342M | 213M | 163M | 140M |
| Net Income | 126M | -6.8M | -40M | -51M | -21M |
| EPS | $2.61 | $-0.14 | $-0.97 | $-1.76 | $-0.52 |
| Free Cash Flow | -6.5M | 11M | -31M | -86M | 10M |
| ROIC | 55.4% | 6.4% | -44.1% | -42.4% | -29.5% |
| Gross Margin | 23.3% | 20.3% | 12.2% | -4.6% | 16.2% |
| Debt/Equity | 0.95 | 1.17 | 1.17 | 0.97 | -4,364.25 |
| Dividends/Share | $0.00 | - | - | - | - |
| Operating Income | 8K | 6.6M | -30M | -57M | -8.6M |
| Operating Margin | 0.0% | 1.9% | -14.0% | -35.1% | -6.2% |
| ROE | 65.4% | -12.2% | -73.7% | -82.9% | - |
| Shares Outstanding | 49M | 49M | 41M | 29M | 40M |
| Metric | 2021 | 2022 | |||
|---|---|---|---|---|---|
| Income Statement | |||||
| Revenue | 140M | 163M | 213M | 342M | 347M |
| Gross Margin | 16.2% | -4.6% | 12.2% | 20.3% | 23.3% |
| R&D | N/A | N/A | N/A | N/A | N/A |
| SG&A | N/A | N/A | N/A | N/A | N/A |
| EBIT | -8.6M | -57M | -30M | 6.6M | 8K |
| Op. Margin | -6.2% | -35.1% | -14.0% | 1.9% | 0.0% |
| Net Income | -21M | -51M | -40M | -6.8M | 126M |
| Net Margin | -14.7% | -31.1% | -18.6% | -2.0% | 36.4% |
| Non-Recurring | 0 | 13M | 0 | 0 | 0 |
| Returns on Capital | |||||
| ROIC | -29.5% | -42.4% | -44.1% | 6.4% | 55.4% |
| ROE | N/A | -82.9% | -73.7% | -12.2% | 65.4% |
| ROA | -7.8% | -19.2% | -12.5% | -2.2% | 16.0% |
| Cash Flow | |||||
| Op. Cash Flow | 96M | -56M | -14M | 18M | 5.8M |
| Free Cash Flow | 10M | -86M | -31M | 11M | -6.5M |
| Owner Earnings | 75M | -96M | -51M | -8.4M | -21M |
| CapEx | 86M | 31M | 17M | 7.9M | 12M |
| Maint. CapEx | 19M | 27M | 28M | 19M | 19M |
| Growth CapEx | 67M | 3.4M | 0 | 0 | 0 |
| D&A | 19M | 27M | 28M | 19M | 19M |
| CapEx/OCF | 89.2% | N/A | N/A | 43.0% | 210.8% |
| Capital Allocation | |||||
| Dividends Paid | 0 | 0 | 0 | 0 | 0 |
| Dividend Yield | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | 4.1M | 0 | 0 | 0 | 0 |
| Buyback Yield | 0.7% | N/A | N/A | N/A | 0.0% |
| Stock-Based Comp | 2.6M | 13M | 8.6M | 8.2M | 8.2M |
| Debt Repayment | 0 | 990K | 1.2M | 4.8M | 4.8M |
| Balance Sheet | |||||
| Net Debt | 65M | 47M | 44M | 49M | 153M |
| Cash & Equiv. | N/A | N/A | N/A | N/A | 31M |
| Long-Term Debt | 70M | 58M | 36M | 35M | 35M |
| Debt/Equity | -4364.25 | 0.97 | 1.17 | 1.17 | 0.95 |
| Interest Coverage | -1.6 | -16.1 | -5.7 | 0.7 | 0.7 |
| Equity | -16K | 61M | 54M | 58M | 193M |
| Total Assets | 263M | 264M | 317M | 314M | 787M |
| Total Liabilities | 263M | 204M | 256M | 250M | 587M |
| Intangibles | N/A | N/A | N/A | N/A | N/A |
| Retained Earnings | -3.8M | -54M | -125M | -132M | -132M |
| Working Capital | -9.8M | 27M | 2.2M | -22M | -22M |
| Current Assets | 77M | 74M | 146M | 132M | 132M |
| Current Liabilities | 86M | 48M | 144M | 154M | 154M |
| Per Share Data | |||||
| EPS | -0.52 | -1.76 | -0.97 | -0.14 | 2.61 |
| Owner EPS | 1.87 | -3.32 | -1.25 | -0.17 | -0.43 |
| Book Value | -0.00 | 2.12 | 1.32 | 1.19 | 3.97 |
| Cash Flow/Share | 2.41 | -1.93 | -0.35 | 0.38 | 2.98 |
| Dividends/Share | N/A | N/A | N/A | N/A | 0.00 |
| Shares Out. | 39.9M | 28.8M | 40.8M | 48.5M | 48.5M |
| Valuation | |||||
| P/E Ratio | N/A | N/A | N/A | N/A | 12.0 |
| P/FCF | 58.7 | N/A | N/A | 68.8 | N/A |
| EV/EBIT | N/A | N/A | N/A | 117.7 | N/A |
| Price/Book | N/A | 3.2 | 7.4 | 12.6 | 7.9 |
| Price/Sales | 7.0 | 1.7 | 1.7 | 1.3 | 4.4 |
| FCF Yield | 1.7% | -43.9% | -7.9% | 1.5% | -0.4% |
| Market Cap | 613M | 197M | 399M | 723M | 1.5B |
| Avg. Price | 24.49 | 9.65 | 8.73 | 9.15 | 31.39 |
| Year-End Price | 15.35 | 6.84 | 9.77 | 14.91 | 31.39 |
SkyWater Technology, Inc passes 2 of 9 quality checks, indicating weak fundamentals.
SkyWater Technology, Inc trades at 12.0x trailing earnings, compared to its 15-year median P/E of 15.0x, suggesting it is currently Cheap relative to its historical range. The company's 5-year average gross margin is 11.0%. At current prices, the estimated annualized return to fair value is +13.6%.
SkyWater Technology, Inc (SKYT) has a current P/E ratio of 12.0, compared to its historical median P/E of 15.0. The stock is currently considered Cheap based on its historical valuation range.
SkyWater Technology, Inc (SKYT) has a 5-year average return on invested capital (ROIC) of -27.4%. This is below average and may indicate limited pricing power.
SkyWater Technology, Inc (SKYT) has a market capitalization of $1.5B. It is classified as a small-cap stock.
SkyWater Technology, Inc (SKYT) does not currently pay a regular dividend.
Based on historical P/E analysis, SkyWater Technology, Inc (SKYT) appears cheap. The current P/E of 12.0 is 20% below its historical median of 15.0.
SkyWater Technology, Inc (SKYT) operates in the Semiconductors & Related Devices industry, within the Technology sector.
SkyWater Technology, Inc (SKYT) reported annual revenue of $342 million in its most recent fiscal year, based on SEC EDGAR filings.
SkyWater Technology, Inc (SKYT) has a net profit margin of -2.0%. The company is currently unprofitable.
SkyWater Technology, Inc (SKYT) generated $11 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
SkyWater Technology, Inc (SKYT) has a debt-to-equity ratio of 1.17. This indicates moderate leverage.
SkyWater Technology, Inc (SKYT) reported earnings per share (EPS) of $-0.14 in its most recent fiscal year.
SkyWater Technology, Inc (SKYT) has a return on equity (ROE) of -12.2%. A negative ROE may indicate losses or negative equity.
SkyWater Technology, Inc (SKYT) has a 5-year average gross margin of 11.0%. This lower margin is typical of capital-intensive or commodity businesses.
The Ledger Terminal provides 4 years of financial data for SkyWater Technology, Inc (SKYT), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
SkyWater Technology, Inc (SKYT) has a book value per share of $1.19, based on its most recent annual SEC filing.