Macom Technology Solutions Holdings, Inc.
MTSI
Semiconductors & Related Devices
Mkt Cap
$7.5BPE
117.54Debt
$447.7MCash
$115MEV
$7.833BFCF
$128.6MP/E Ratio
117.54Debt
$447.7MCash
$115MEV
$7.833BFCF
$128.6MCharts data: {"Earnings":[{"time":"2014-10-02","value":-15323000},{"time":"2015-10-01","value":48589000},{"time":"2016-09-29","value":1434000},{"time":"2017-09-28","value":-169493000},{"time":"2018-09-27","value":-167623000},{"time":"2019-09-26","value":-383798000},{"time":"2020-10-01","value":-46078000},{"time":"2021-09-30","value":37973000},{"time":"2022-09-29","value":439955000},{"time":"2023-09-28","value":91577000}],"Sales":[{"time":"2014-10-02","value":418662000},{"time":"2015-10-01","value":420609000},{"time":"2016-09-29","value":544338000},{"time":"2017-09-28","value":698772000},{"time":"2018-09-27","value":570398000},{"time":"2019-09-26","value":499708000},{"time":"2020-10-01","value":530037000},{"time":"2021-09-30","value":606920000},{"time":"2022-09-29","value":675170000},{"time":"2023-09-28","value":648407000}],"Net Margins":[{"time":"2014-10-02","value":-0.036599930253999644},{"time":"2015-10-01","value":0.11552059038204128},{"time":"2016-09-29","value":0.002634392601655589},{"time":"2017-09-28","value":-0.24255837383295267},{"time":"2018-09-27","value":-0.29387024498683373},{"time":"2019-09-26","value":-0.768044538010198},{"time":"2020-10-01","value":-0.08693355369530806},{"time":"2021-09-30","value":0.06256673037632637},{"time":"2022-09-29","value":0.6516210732111912},{"time":"2023-09-28","value":0.14123382381744798}],"Assets":[{"time":"2014-10-02","value":682234000},{"time":"2015-10-01","value":866251000},{"time":"2016-09-29","value":1188551000},{"time":"2017-09-28","value":1637123000},{"time":"2018-09-27","value":1482495000},{"time":"2019-09-26","value":1105574000},{"time":"2020-10-01","value":1146428000},{"time":"2021-09-30","value":1134145000},{"time":"2022-09-29","value":1571817000},{"time":"2023-09-28","value":1553244000}],"Stockholders Equity":[{"time":"2014-10-02","value":228567000},{"time":"2015-10-01","value":424533000},{"time":"2016-09-29","value":462784000},{"time":"2017-09-28","value":777374000},{"time":"2018-09-27","value":668675000},{"time":"2019-09-26","value":313896000},{"time":"2020-10-01","value":300146000},{"time":"2021-09-30","value":471736000},{"time":"2022-09-29","value":842748000},{"time":"2023-09-28","value":947600000}],"ROE":[{"time":"2014-10-02","value":-0.06703942388883785},{"time":"2015-10-01","value":0.11445282227765569},{"time":"2016-09-29","value":0.0030986378094316138},{"time":"2017-09-28","value":-0.2180327615793685},{"time":"2018-09-27","value":-0.250679328522825},{"time":"2019-09-26","value":-1.222691592119683},{"time":"2020-10-01","value":-0.15351862093781027},{"time":"2021-09-30","value":0.08049629453762273},{"time":"2022-09-29","value":0.5220481092805916},{"time":"2023-09-28","value":0.09664098775854792}],"ROA":[{"time":"2014-10-02","value":-0.00835343884942703},{"time":"2015-10-01","value":0.011650203001208656},{"time":"2016-09-29","value":0.011146345423965821},{"time":"2017-09-28","value":-0.00982455197318711},{"time":"2018-09-27","value":-0.07185184435697928},{"time":"2019-09-26","value":-0.34405295348841414},{"time":"2020-10-01","value":0.002955266270537705},{"time":"2021-09-30","value":0.07142120275626132},{"time":"2022-09-29","value":0.15467449454993806},{"time":"2023-09-28","value":0.07414031536577641}]}
MACOM Technology Solutions Holdings, Inc., together with its subsidiaries, designs and manufactures analog semiconductor solutions for use in wireless and wireline applications across the radio frequency (RF), microwave, millimeter wave, and lightwave spectrum in the United States, China, Taiwan, Japan, Singapore, Thailand, South Korea, Australia, Malaysia, and internationally. The company offers a portfolio of standard and custom devices, including integrated circuits, multi-chip modules, diodes, amplifiers, switches and switch limiters, passive and active components, and subsystems. Its semiconductor products are electronic components that are incorporated in electronic systems, such as wireless base stations, high-capacity optical networks, radar, and medical systems and test and measurement applications. The company serves various markets comprising telecommunication that includes carrier infrastructure, which comprise long-haul/metro, 5G, and fiber-to-the-X/passive optical network; industrial and defense, including military and commercial radar, RF jammers, electronic countermeasures, and communication data links, as well as multi-market applications, such as industrial, medical, test and measurement, and scientific applications; and data centers. It sells its products through direct sales force, applications engineering staff, independent sales representatives, resellers, and distributors. The company was founded in 1950 and is headquartered in Lowell, Massachusetts.
Sector
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DCF
Discounted Cash Flow Valuation of Macom Technology Solutions Holdings, Inc.
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 | $128.6M | $167.2M | $212.7M | $264.7M | $322M | $382.9M | $444.6M | $503.8M | $557M | $600.3M | $630.4M | $6.304B |
| DCF | $145.4M | $160.8M | $174M | $184.1M | $190.4M | $192.2M | $189.4M | $182.1M | $170.7M | $155.8M | $1.558B | |
| Value | $3.303B | |||||||||||
In the chart Earnings are multiplied by this value.
Earnings Growth 32%
Earnings Stability -21%
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 | 09-2021 | 09-2022 | 09-2023 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Margin | 12% | 0.26% | -24% | -29% | -77% | -8.7% | 6.3% | 65% | 14% | 10% |
| ROA | 1.2% | 1.1% | -0.98% | -7.2% | -34% | 0.3% | 7.1% | 15% | 7.4% | 4.4% |
| ROE | 11% | 0.31% | -22% | -25% | -120% | -15% | 8% | 52% | 9.7% | 6.1% |
What is the average Net Margin?
The average Net Margin over the past 5 years is -4.89%.
What is the trend of Net Margin?
The trend of Net Margin over the past 5 years is +18.81%.
What is the average Return on Assets (ROA)?
The average ROA over the past 5 years is -1.88%.
What is the trend of Return on Assets (ROA)?
The trend of ROA over the past 5 years is +6.56%.
What is the average Return on Equity (ROE)?
The average ROE over the past 5 years is -15.46%.
What is the trend of Return on Equity (ROE)?
The trend of ROE over the past 5 years is +20.59%.
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 | 10-2015 | 09-2016 | 09-2017 | 09-2018 | 09-2019 | 10-2020 | 09-2021 | 09-2022 | 09-2023 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Debt FCF | -75.33 | 12.18 | 23.66 | -39.71 | -38.36 | 4.37 | 4.38 | 3.79 | 3.16 | 3.48 |
| Debt Equity | 0.81 | 1.26 | 0.86 | 0.99 | 2.11 | 2.24 | 1.21 | 0.68 | 0.47 | 0.43 |
| MIN | ||||||||||
| Graham Stability | - | - | -1.5K% | - | - | - | - | - | 64% | -1.5K% |
What is the Debt/FCF?
The Debt/FCF trailing twelve month is 3.48.
What is the trend of Debt/FCF?
The trend of Debt/FCF over the past 5 years is 9.74.
What is the Graham’s Stability?
Graham’s Stability measure stands at -14.65.
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 | 09-2016 | 09-2018 | 10-2020 | 09-2022 | Trend |
|---|---|---|---|---|---|
| Revenue | 2.5% | 2.6% | 6.9% | -4% | -1.3% |
| Net Income | 81% | - | - | -79% | 69% |
| Stockholders Equity | 11% | 7.2% | 47% | 12% | -1.6% |
| FCF | 17% | - | -2.6% | -5.5% | 7.6% |
What is the 5 year Revenue CAGR?
The Revenue CAGR over the past 5 years is +2.6%.
What is the trend of Revenue growth?
The trend of Revenue growth rate over the past 5 years is -1.26%.
What is the 5 year Earnings CAGR?
The Earnings CAGR over the past 5 years is -.
What is the trend of Earnings growth?
The trend of Earnings growth rate over the past 5 years is +68.85%.
What is the 5 year Equity CAGR?
The Equity CAGR over the past 5 years is +7.22%.
What is the trend of Equity growth?
The trend of Equity growth rate over the past 5 years is -1.6%.
What is the 5 year FCF CAGR?
The FCF CAGR over the past 5 years is -.
What is the trend of FCF growth?
The trend of FCF growth rate over the past 5 years is +7.56%.