Infinera Corp
INFN
Telephone & Telegraph Apparatus
Mkt Cap
$1.297BPE
-16.58Debt
$724.5MCash
$192.2MEV
$1.829BFCF
$21.72MP/E Ratio
-16.58Debt
$724.5MCash
$192.2MEV
$1.829BFCF
$21.72MCharts data: {"Earnings":[{"time":"2014-12-26","value":13659000},{"time":"2015-12-25","value":50950000},{"time":"2016-12-30","value":-24430000},{"time":"2017-12-29","value":-194506000},{"time":"2018-12-28","value":-214295000},{"time":"2019-12-27","value":-386618000},{"time":"2020-12-25","value":-206723000},{"time":"2021-12-24","value":-170778000},{"time":"2022-12-30","value":-76043000},{"time":"2023-12-29","value":-25213000}],"Sales":[{"time":"2014-12-26","value":668079000},{"time":"2015-12-25","value":886714000},{"time":"2016-12-30","value":870135000},{"time":"2017-12-29","value":740739000},{"time":"2018-12-28","value":943379000},{"time":"2019-12-27","value":1298865000},{"time":"2020-12-25","value":1355596000},{"time":"2021-12-24","value":1425205000},{"time":"2022-12-30","value":1573242000},{"time":"2023-12-29","value":1614128000}],"Net Margins":[{"time":"2014-12-26","value":0.020445186871612488},{"time":"2015-12-25","value":0.05745933863680961},{"time":"2016-12-30","value":-0.028076103133421824},{"time":"2017-12-29","value":-0.2625837170717351},{"time":"2018-12-28","value":-0.22715684788404236},{"time":"2019-12-27","value":-0.29765834016622206},{"time":"2020-12-25","value":-0.1524960238891233},{"time":"2021-12-24","value":-0.119826972260131},{"time":"2022-12-30","value":-0.048335221154787375},{"time":"2023-12-29","value":-0.015620198645956207}],"Assets":[{"time":"2014-12-26","value":818016000},{"time":"2015-12-25","value":1226294000},{"time":"2016-12-30","value":1198583000},{"time":"2017-12-29","value":1117670000},{"time":"2018-12-28","value":1801270000},{"time":"2019-12-27","value":1628338000},{"time":"2020-12-25","value":1732497000},{"time":"2021-12-24","value":1587224000},{"time":"2022-12-30","value":1669138000},{"time":"2023-12-29","value":1679238000}],"Stockholders Equity":[{"time":"2014-12-26","value":481907000},{"time":"2015-12-25","value":777061000},{"time":"2016-12-30","value":762328000},{"time":"2017-12-29","value":665365000},{"time":"2018-12-28","value":703821000},{"time":"2019-12-27","value":386535000},{"time":"2020-12-25","value":426284000},{"time":"2021-12-24","value":323771000},{"time":"2022-12-30","value":179647000},{"time":"2023-12-29","value":216591000}],"ROE":[{"time":"2014-12-26","value":0.02834364306806085},{"time":"2015-12-25","value":0.0655675680545028},{"time":"2016-12-30","value":-0.03204657312862705},{"time":"2017-12-29","value":-0.29232977388350756},{"time":"2018-12-28","value":-0.3044737227221126},{"time":"2019-12-27","value":-1.0002147282910991},{"time":"2020-12-25","value":-0.48494196357358005},{"time":"2021-12-24","value":-0.5274653999277267},{"time":"2022-12-30","value":-0.42329123224991233},{"time":"2023-12-29","value":-0.11640834568380035}],"ROA":[{"time":"2014-12-26","value":0.03342477408754841},{"time":"2015-12-25","value":0.04871262519428457},{"time":"2016-12-30","value":-0.021503725649370965},{"time":"2017-12-29","value":-0.16381132176760582},{"time":"2018-12-28","value":-0.10308226973191137},{"time":"2019-12-27","value":-0.21508433752697537},{"time":"2020-12-25","value":-0.08958110749975325},{"time":"2021-12-24","value":-0.05511446399500008},{"time":"2022-12-30","value":-0.03325728609617659},{"time":"2023-12-29","value":-0.002882259691598213}]}
Infinera Corporation provides optical transport networking equipment, software, and services worldwide. The company's product portfolio includes Infinera Groove series for modular and sled-based platforms to support a various transport network applications; Infinera 7300 series, an SDN-ready coherent optical transport system; Infinera FlexILS open optical line system that connects various Infinera and third-party terminal equipment platforms over long-distance fiber optic cable providing switching, multiplexing, amplification, and management channels; and Infinera 7090 and 7100 series for transport platforms. It also offers Infinera XTM series, a packet-optical transport platform that enables metro connectivity solutions; Infinera XTC series, a multi-terabit packet optical transport platforms that integrates digital OTN switching and optical DWDM transmission; Infinera mTera series, a network transport solution; and Infinera XT series, a platform that is designed to power cloud scale network services over metro, DCI, long-haul, and subsea networks. In addition, the company provides Infinera Cloud Xpress Family that is designed to meet the needs of internet content providers (ICPs), communication service providers, internet exchange service providers, enterprises, and other large-scale data center operators; and ICE-X Coherent Pluggable Optics. It also offers Infinera Transcend software suite; and system software and customer support services. The company serves telecommunications service providers, ICPs, cable providers, wholesale carriers, research and education institutions, large enterprises, and government entities. It markets and sells its products and related support services primarily through its direct sales force. The company was formerly known as Zepton Networks. Infinera Corporation was incorporated in 2000 and is headquartered in San Jose, California.
DCF
Discounted Cash Flow Valuation of Infinera Corp
Value
Growth
%
%
Discount
%
%
Multiple
| g\r | +10% | +11% | +12% | +13% | +14% |
|---|---|---|---|---|---|
| 0% | 10 | 9 | 8 | 8 | 7 |
| +1% | 11 | 10 | 9 | 8 | 8 |
| +2% | 13 | 11 | 10 | 9 | 8 |
| +3% | 14 | 13 | 11 | 10 | 9 |
| +4% | 17 | 14 | 12 | 11 | 10 |
| Years | 0 | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | TV |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| FCF | $21.72M | $18.21M | $15.26M | $12.79M | $10.72M | $8.982M | $7.528M | $6.309M | $5.287M | $4.431M | $3.714M | $37.14M |
| DCF | $15.83M | $11.54M | $8.408M | $6.128M | $4.466M | $3.254M | $2.372M | $1.728M | $1.26M | $918K | $9.18M | |
| Value | $65.08M | |||||||||||
In the chart Earnings are multiplied by this value.
Earnings Growth -31%
Earnings Stability -75%
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 | 12-2015 | 12-2016 | 12-2017 | 12-2018 | 12-2019 | 12-2020 | 12-2021 | 12-2022 | 12-2023 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Margin | 5.7% | -2.8% | -26% | -23% | -30% | -15% | -12% | -4.8% | -1.6% | -5.1% |
| ROA | 4.9% | -2.2% | -16% | -10% | -22% | -9% | -5.5% | -3.3% | -0.29% | -2.7% |
| ROE | 6.6% | -3.2% | -29% | -30% | -100% | -48% | -53% | -42% | -12% | -48% |
What is the average Net Margin?
The average Net Margin over the past 5 years is -14.35%.
What is the trend of Net Margin?
The trend of Net Margin over the past 5 years is +5.25%.
What is the average Return on Assets (ROA)?
The average ROA over the past 5 years is -8.32%.
What is the trend of Return on Assets (ROA)?
The trend of ROA over the past 5 years is +3.09%.
What is the average Return on Equity (ROE)?
The average ROE over the past 5 years is -47.61%.
What is the trend of Return on Equity (ROE)?
The trend of ROE over the past 5 years is +7.51%.
Safety & Stabiliy
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 | 12-2015 | 12-2016 | 12-2017 | 12-2018 | 12-2019 | 12-2020 | 12-2021 | 12-2022 | 12-2023 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Debt FCF | 1.38 | -26.94 | -1.81 | -1.95 | -1.80 | -5.38 | -46.10 | -8.18 | -56.61 | 33.35 |
| Debt Equity | 0.16 | 0.18 | 0.22 | 0.38 | 0.92 | 1.91 | 1.89 | 3.81 | 3.35 | 4.48 |
| MIN | ||||||||||
| Graham Stability | - | - | -1.5K% | - | - | - | - | - | - | -1.5K% |
What is the Debt/FCF?
The Debt/FCF trailing twelve month is 33.35.
What is the trend of Debt/FCF?
The trend of Debt/FCF over the past 5 years is -9.52.
What is the Graham’s Stability?
Graham’s Stability measure stands at -14.52.
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 | 12-2016 | 12-2018 | 12-2020 | 12-2022 | Trend |
|---|---|---|---|---|---|
| Revenue | 9.2% | 11% | 6% | 2.6% | -1.1% |
| Net Income | - | - | - | - | - |
| Stockholders Equity | -16% | -21% | -20% | 21% | -5.1% |
| FCF | - | - | - | - | - |
What is the 5 year Revenue CAGR?
The Revenue CAGR over the past 5 years is +11.34%.
What is the trend of Revenue growth?
The trend of Revenue growth rate over the past 5 years is -1.11%.
What is the 5 year Earnings CAGR?
The Earnings CAGR over the past 5 years is -34.82%.
What is the trend of Earnings growth?
The trend of Earnings growth rate over the past 5 years is -.
What is the 5 year Equity CAGR?
The Equity CAGR over the past 5 years is -21%.
What is the trend of Equity growth?
The trend of Equity growth rate over the past 5 years is -5.15%.
What is the 5 year FCF CAGR?
The FCF CAGR over the past 5 years is -37.73%.
What is the trend of FCF growth?
The trend of FCF growth rate over the past 5 years is -.