Lattice Semiconductor Corp

Technology
Semiconductors
www.latticesemi.com

Earnings Score
Moat Score

Market Cap $7.93B
PE 55
Debt $NaN
Cash $124.28M
EV $NaN
FCF $148.47M

Earnings

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Sales & Net Margins

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Earnings	$143.32M
EBIT	$95.21M
ROE	20%
ROA	11%
FCF	$148.47M
Equity	$703.54M
Growth Stability	100%
PE	55.36
PEG	1.12
PB	11.28
P/FCF	53.44
P/S	14.1
Price/Cash	0.02
Net Margins	11%
Gross Margins	69%
Op. Margins	17%
Earnings CAGR	19%
Sales Growth YoY	-34%
Sales Growth QoQ	2%
Sales CAGR	7%
FCF CAGR	49%
Equity CAGR	9%
Earnings Stability	0.33
Earnings Growth YoY	-87%

Earnings Growth QoQ	-68%
Earnings CAGR 5Y	50%
Sales CAGR 5Y	15%
FCF CAGR 5Y	25%
Equity CAGR 5Y	18%
Earnings CAGR 3Y	7%
Sales CAGR 3Y	7%
FCF CAGR 3Y	6%
Equity CAGR 3Y	26%
Market Cap	$7.93B
Revenue	$562.58M
Assets	$853.66M
Cash	$124.28M
Shares Outstanding	137.58M
Earnings Score	23%
Moat Score	93%
Working Capital	274.06M
Current Ratio	3.98
Gross Profit	$387.59M
Shares Growth 3y	0%
Equity Growth QoQ	1%
Equity Growth YoY	12%

Assets & ROA

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Stockholders Equity & ROE

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Lattice Semiconductor Corp is a developer of semiconductor technology that it distributes through products, solutions, and licenses. The company reaches its customers through consumer, communications, and industrial markets. Lattice's product lines consist of programmable logic devices, video connectivity application-specific standard products, and wave devices. Product offerings enable customers in the consumer market to build technology that utilizes more computing power, higher resolution video, and reduced energy consumption. Customers in the industrial and communication market are aided with data gathering, higher bandwidth, and increased reliability for their products. Lattice's products are offered globally; however, the majority of sales are derived from customers in Asia.

SEC Filings

Direct access to Lattice Semiconductor Corp (LSCC) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

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

Sector Comparison

How does Lattice Semiconductor Corp compare to its competitors?

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Peter Lynch's Chart

This chart shows the current pricing of Lattice Semiconductor Corp compared to its past. The addition of the earnings trend line provides further insights into the company's earnings power.

CAGR 19%

Stability 33%

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Lattice Semiconductor Corp Discounted Cash Flow

Fully customizable DCF calculator online for Lattice Semiconductor Corp.

Years

Calculation mode

= $42B

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	$148M	$221M	$329M	$489M	$727M	$1.1B	$1.6B	$2.4B	$3.6B	$5.3B	$7.9B	$79B
DCF		$201M	$272M	$367M	$497M	$672M	$909M	$1.2B	$1.7B	$2.2B	$3B	$30B
Value	$42B

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	01/2015	01/2016	12/2016	12/2017	12/2018	12/2019	01/2021	12/2021	12/2022	12/2023	TTM
Net Margins	13%	-39%	-13%	-18%	-7%	11%	12%	19%	27%	35%	11%
ROA	-	-14%	-3%	-7%	-1%	10%	8%	14%	23%	26%	11%
ROE	-	-52%	-20%	-32%	-10%	13%	12%	23%	37%	37%	20%

Good Net Margins (11.38%)

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	01/2015	01/2016	12/2016	12/2017	12/2018	12/2019	01/2021	12/2021	12/2022	12/2023	TTM
Debt over FCF	-	-8.24	13.38	11.74	6.3	1.56	2.32	1.11	0.6	0	-
Debt over Equity	0	1.11	1.24	1.38	1.05	0.52	0.48	0.43	0.27	0	-
Growth Stability	-	-	-	-	-	-	-	100%	100%	100%	100%

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.

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	01/2015	01/2016	12/2016	12/2017	12/2018	12/2019	01/2021	12/2021	12/2022	12/2023	CAGR 5Y
Revenue YoY growth	-	11%	5%	-10%	3%	1%	1%	26%	28%	12%	15%
Earnings YoY growth	-	-428%	-66%	30%	-63%	-265%	9%	102%	86%	45%	50%
Equity YoY growth	-	-31%	-11%	-20%	19%	27%	17%	7%	18%	42%	18%
FCF YoY growth	-	-238%	-161%	3%	68%	152%	-27%	98%	36%	16%	25%