Kulicke & Soffa Industries Inc

Technology
Semiconductors
www.kns.com

Earnings Score
Moat Score

Market Cap $2.60B
PE -38
Debt $NaN
Cash $227.15M
EV $NaN
FCF $14.89M

Earnings

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Sales & Net Margins

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Earnings	-$69.01M
EBIT	-$58.36M
ROE	-7%
ROA	-5%
FCF	$14.89M
Equity	$944.01M
Growth Stability	-24%
PE	-37.64
PEG	-2.59
PB	2.75
P/FCF	174.45
P/S	3.68
Price/Cash	0.09
Net Margins	-10%
Gross Margins	38%
Op. Margins	-8%
Earnings CAGR	11%
Sales Growth YoY	-10%
Sales Growth QoQ	-0%
Sales CAGR	6%
FCF CAGR	6%
Equity CAGR	4%
Earnings Stability	0.13
Earnings Growth YoY	-48%
Earnings Growth QoQ	-1%

Earnings CAGR 5Y	15%
Sales CAGR 5Y	4%
FCF CAGR 5Y	4%
Equity CAGR 5Y	8%
Earnings CAGR 3Y	-33%
Sales CAGR 3Y	-33%
FCF CAGR 3Y	-69%
Equity CAGR 3Y	-7%
Market Cap	$2.60B
Revenue	$706.23M
Dividend Yield	2%
Payout Ratio	-64%
Assets	$1.24B
Cash	$227.15M
Shares Outstanding	53.85M
Earnings Score	8%
Moat Score	7%
Working Capital	811.16M
Current Ratio	5.41
Gross Profit	$268.75M
Shares Growth 3y	-4%
Equity Growth QoQ	-3%
Equity Growth YoY	-20%

Assets & ROA

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Stockholders Equity & ROE

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Kulicke & Soffa Industries Inc is a United States-based company that is principally engaged in designing, manufacturing, and selling capital equipment and expendable tools that are used for assembling semiconductor devices. The company operates through two core segments: Capital equipment, which produces and sells a series of ball bonders, wafer-level bonders, wedge bonders, APS which produces and offers various expendable tools designed for multiple semiconductor packaging applications. The Capital equipment segment contributes the majority of total revenue. The company generates the majority of its total revenue from the overseas market, mainly in the Asia-Pacific region.

SEC Filings

Direct access to Kulicke & Soffa Industries Inc (KLIC) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

2024
- 10-K Sep 28
- 10-Q Jun 29
- 10-Q Mar 30
2023
- 10-Q Dec 30
- 10-K Sep 30
- 10-Q Jul 01
- 10-Q Apr 01
2022
- 10-Q Dec 31
- 10-K Oct 01
- 10-Q Jul 02
- 10-Q Apr 02
- 10-Q Jan 01

Sector Comparison

How does Kulicke & Soffa Industries Inc compare to its competitors?

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Peter Lynch's Chart

This chart shows the current pricing of Kulicke & Soffa Industries Inc compared to its past. The addition of the earnings trend line provides further insights into the company's earnings power.

CAGR 11%

Stability 13%

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Kulicke & Soffa Industries Inc Discounted Cash Flow

Fully customizable DCF calculator online for Kulicke & Soffa Industries Inc.

Years

Calculation mode

= $229M

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	$15M	$16M	$17M	$18M	$19M	$20M	$21M	$23M	$24M	$26M	$27M	$273M
DCF		$14M	$14M	$13M	$13M	$13M	$12M	$12M	$11M	$11M	$11M	$105M
Value	$229M

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	10/2015	09/2016	09/2017	09/2018	09/2019	10/2020	10/2021	09/2022	09/2023	09/2024	TTM
Net Margins	9%	8%	14%	6%	2%	8%	24%	29%	8%	-10%	-10%
ROA	-	6%	9%	15%	3%	6%	26%	30%	5%	-5%	-5%
ROE	-	6%	12%	6%	2%	7%	34%	36%	5%	-7%	-7%

Bad Net Margins (-9.77%)

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	10/2015	09/2016	09/2017	09/2018	09/2019	10/2020	10/2021	09/2022	09/2023	09/2024	TTM
Debt over FCF	-	-	-	-	-	-	-	-	-	-	-
Debt over Equity	-	-	-	-	-	-	-	-	-	-	-
Growth Stability	-	-	-	81%	16%	87%	100%	100%	20%	-24%	-24%

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 (-24%)

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	10/2015	09/2016	09/2017	09/2018	09/2019	10/2020	10/2021	09/2022	09/2023	09/2024	CAGR 5Y
Revenue YoY growth	-	17%	29%	10%	-39%	15%	144%	-1%	-51%	-5%	4%
Earnings YoY growth	-	-7%	138%	-49%	-79%	349%	602%	18%	-87%	-221%	15%
Equity YoY growth	-	4%	13%	-4%	-13%	-1%	44%	9%	-2%	-20%	8%
FCF YoY growth	-	-20%	78%	-7%	-47%	52%	235%	32%	-65%	-88%	4%