Cirrus Logic, Inc.

Technology
Semiconductors
www.cirrus.com

Earnings Score
Moat Score

Market Cap $5.22B
PE 17
Debt -
Cash $526.44M
EV -
FCF $458.10M

Earnings

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Sales & Net Margins

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Earnings	$305.08M
EBIT	$409.97M
ROE	16%
ROA	17%
FCF	$458.10M
Equity	$1.96B
Growth Stability	49%
PE	17.1
PEG	2.12
PB	2.66
P/FCF	11.39
P/S	2.83
Price/Cash	0.1
Net Margins	18%
Gross Margins	52%
Op. Margins	22%
Earnings CAGR	7%
Sales Growth YoY	-10%
Sales Growth QoQ	3%
Sales CAGR	5%
FCF CAGR	3%
Equity CAGR	9%
Earnings Stability	0.19
Earnings Growth YoY	-16%

Earnings Growth QoQ	14%
Earnings CAGR 5Y	8%
Sales CAGR 5Y	10%
FCF CAGR 5Y	17%
Equity CAGR 5Y	10%
Earnings CAGR 3Y	-1%
Sales CAGR 3Y	-1%
FCF CAGR 3Y	52%
Equity CAGR 3Y	8%
Market Cap	$5.22B
Revenue	$1.84B
Assets	$2.36B
Cash	$526.44M
Shares Outstanding	53.08M
Earnings Score	10%
Moat Score	95%
Working Capital	1.04B
Current Ratio	5.93
Gross Profit	$961.93M
Shares Growth 3y	-2%
Equity Growth QoQ	2%
Equity Growth YoY	9%

Assets & ROA

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Stockholders Equity & ROE

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Cirrus Logic Inc is a provider of integrated circuits for audio and voice signal processing applications. The firm's products are organized into two streams: portable audio products, and non-portable audio and other products. These products include analog and mixed-signal components targeting mobile devices, smart homes, and applications in the automotive, energy, and industrial markets. Roughly half of the firm's revenue is generated in China, with the rest coming from the United States, Europe, South Korea, Japan, Taiwan, and countries across the world.

SEC Filings

Direct access to Cirrus Logic, Inc. (CRUS) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

2024
- 10-Q Dec 28
- 10-Q Sep 28
- 10-Q Jun 29
- 10-K Mar 30
2023
- 10-Q Dec 30
- 10-Q Sep 23
- 10-Q Jun 24
- 10-K Mar 25
2022
- 10-Q Dec 24
- 10-Q Sep 24
- 10-Q Jun 25
- 10-K Mar 26

Sector Comparison

How does Cirrus Logic, Inc. compare to its competitors?

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Peter Lynch's Chart

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

CAGR 7%

Stability 19%

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Cirrus Logic, Inc. Discounted Cash Flow

Fully customizable DCF calculator online for Cirrus Logic, Inc..

Years

Calculation mode

= $5.8B

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	$458M	$474M	$490M	$507M	$524M	$543M	$561M	$580M	$600M	$621M	$642M	$6.4B
DCF		$431M	$405M	$381M	$358M	$337M	$317M	$298M	$280M	$263M	$248M	$2.5B
Value	$5.8B

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	03/2016	03/2017	03/2018	03/2019	03/2020	03/2021	03/2022	03/2023	03/2024	TTM
Net Margins	11%	17%	11%	8%	12%	16%	18%	9%	15%	18%
ROA	-	23%	19%	7%	11%	13%	17%	12%	16%	17%
ROE	-	23%	14%	8%	13%	16%	20%	11%	15%	16%

Good Net Margins (17.68%)

Net Margins are high enough to offer a good protection on the profits in case of higher costs or higher interests. Furthermore higher margins reduce 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	03/2016	03/2017	03/2018	03/2019	03/2020	03/2021	03/2022	03/2023	03/2024	TTM
Debt over FCF	-	-	-	-	-	-	-	-	-	-
Debt over Equity	-	-	-	-	-	-	-	-	-	-
Growth Stability	-	-	-	49%	93%	100%	100%	75%	100%	49%

Neutral Debt/FCF ratio (-)

Net Margins are at a level that is not too high nor too low. They are not a competitive advantage but they are not a competitive disadvantage either.

Neutral Debt/Equity ratio (-)

The company has a balance between equity and debt that is not too good nor too bad.

Bad Graham’s Stability (49%)

The company has a bad stability in its earnings, which is a sign of a bad 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	03/2016	03/2017	03/2018	03/2019	03/2020	03/2021	03/2022	03/2023	03/2024	CAGR 5Y
Revenue YoY growth	-	32%	-0%	-23%	8%	7%	30%	7%	-6%	10%
Earnings YoY growth	-	111%	-38%	-44%	77%	36%	50%	-46%	55%	8%
Equity YoY growth	-	34%	1%	-2%	8%	13%	15%	4%	10%	10%
FCF YoY growth	-	188%	-20%	-34%	60%	18%	-70%	209%	26%	17%