Allegro Microsystems, Inc.

Technology
Semiconductors
www.allegromicro.com

Earnings Score
Moat Score
Safety Score

Market Cap $3.93B
PE -156
Debt $401.53M
Cash $199.04M
EV $4.13B
FCF $65.45M

Earnings

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Sales & Net Margins

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Earnings	-$25.12M
EBIT	$46.02M
ROE	-3%
ROA	3%
FCF	$65.45M
Equity	$938.71M
Growth Stability	100%
PE	-156.37
PEG	-2.2
PB	4.18
P/FCF	60.02
P/S	4.62
Price/Cash	0.05
Debt/Equity	0.43
Debt/FCF	6.14
Net Margins	-14%
Gross Margins	49%
Op. Margins	5%
Earnings CAGR	69%
Sales Growth YoY	-32%
Sales Growth QoQ	12%
Sales CAGR	16%
FCF CAGR	3%
Equity CAGR	16%
Earnings Stability	-0.09
Earnings Growth YoY	-151%
Earnings Growth QoQ	91%

Earnings CAGR 5Y	71%
Sales CAGR 5Y	16%
FCF CAGR 5Y	3%
Equity CAGR 5Y	17%
Earnings CAGR 3Y	10%
Sales CAGR 3Y	10%
FCF CAGR 3Y	-16%
Equity CAGR 3Y	18%
Market Cap	$3.93B
Revenue	$849.88M
Assets	$1.49B
Total Debt	$401.53M
Cash	$199.04M
Shares Outstanding	183.98M
EV	4.13B
Earnings Score	6%
Moat Score	15%
Safety Score	83%
Final Score	35%
Working Capital	399.55M
Current Ratio	4.22
Gross Profit	$417.51M
Shares Growth 3y	-0%
Equity Growth QoQ	-15%
Equity Growth YoY	-15%

Assets & ROA

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Stockholders Equity & ROE

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Allegro Microsystems Inc is a designer, developer, fabless manufacturer and marketer of sensor ICs and application-specific analog power ICs enabling the critical emerging technologies in the automotive and industrial markets. It is a supplier of power ICs. Its sensor IC allow customers to precisely measure motion, speed, position and current. At the same time, its power ICs include high-temperature and high-voltage capable motor driver, power management and LED driver ICs. Its products are divided into three categories such as SENSE which include Current Sensors, Switches and Latches, Linear and Angular Position, Magnetic Speed Sensors, and Photonics; REGULATE which include Regulators, ClearPower Modules, and LED Drivers; and DRIVE which includes BLDC Drivers, Brush DC and Stepper Driver.

SEC Filings

Direct access to Allegro Microsystems, Inc. (ALGM) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

2024
- 10-Q Sep 27
- 10-Q Jun 28
- 10-K Mar 29
2023
- 10-Q Dec 29
- 10-Q Sep 29
- 10-Q Jun 30
- 10-K Mar 31
2022
- 10-Q Dec 23
- 10-Q Sep 23
- 10-Q Jun 24
- 10-K Mar 25

Sector Comparison

How does Allegro Microsystems, Inc. compare to its competitors?

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Peter Lynch's Chart

This chart shows the current pricing of Allegro Microsystems, Inc. compared to its past. The addition of the earnings trend line provides further insights into the company's earnings power.

CAGR 69%

Stability -9%

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Allegro Microsystems, Inc. Discounted Cash Flow

Fully customizable DCF calculator online for Allegro Microsystems, Inc..

Years

Calculation mode

= $799M

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	$65M	$67M	$69M	$71M	$73M	$76M	$78M	$80M	$82M	$85M	$87M	$873M
DCF		$61M	$57M	$54M	$50M	$47M	$44M	$41M	$38M	$36M	$34M	$337M
Value	$799M

Competitiveness and MOAT

High margins render the company resilient under dire circumstances, hence able to drive competitors out or acquire them. ROE and ROA measure the average flow generated by each invested dollar. Their marginal value is a forecast of future growth, and it is considered by Buffett and Munger the most important single indicator.

Years	03/2020	03/2021	03/2022	03/2023	03/2024	TTM
Net Margins	6%	3%	16%	19%	15%	-14%
ROA	-	2%	16%	18%	13%	3%
ROE	-	3%	16%	19%	13%	-3%

Bad Net Margins (-14.49%)

Net Margins are too low to guarantee profitability in case of higher costs or higher interest rates. Furthermore lower margins cause higher earnings’ volatility.

Safety and Stability

Being debt the number one cause of investment losses and company death, the ratio Debt/FCF is of utmost importance to guarantee safety. On the other hand the Graham’s stability measures the drawdown of earnings, hence indicating the reliability of the flow generated by the company.

Years	03/2020	03/2021	03/2022	03/2023	03/2024	TTM
Debt over FCF	-	0.31	0.29	0.22	4.45	6.14
Debt over Equity	0.14	0.04	0.03	0.03	0.22	0.43
Growth Stability	-	-	-	100%	100%	100%

Bad Debt/FCF ratio (6.14)

Net Margins are too low to guarantee profitability in case of higher costs or higher interest rates. Furthermore lower margins cause higher earnings’ volatility.

Good Debt/Equity ratio (0.43)

The company is not overleveraged and has a good balance between equity and debt.

Good Graham’s Stability (100%)

The company has a good stability in its earnings, which is a sign of a good competitive advantage.

Growth

Growth can be dangerous when forecasting, simply projecting the current growth is in general wrong. A company passes through multiple phases, from being young and unprofitable, to the first periods of profitability and high growth, until it arrives at a period of regime with limited growth. Identifying in which phase the company is in may help forecasting.

Years	03/2020	03/2021	03/2022	03/2023	03/2024	CAGR 5Y
Revenue YoY growth	-	-9%	30%	27%	8%	16%
Earnings YoY growth	-	-51%	565%	57%	-18%	71%
Equity YoY growth	-	-7%	25%	31%	17%	17%
FCF YoY growth	-	123%	8%	32%	-50%	3%