Power Integrations Inc

Technology
Semiconductors
www.power.com

Earnings Score
Moat Score

Market Cap $3.68B
PE 114
Debt -
Cash $50.97M
EV -
FCF $63.90M

Earnings

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Sales & Net Margins

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Earnings	$32.23M
EBIT	$30.75M
ROE	4%
ROA	4%
FCF	$63.90M
Equity	$749.77M
Growth Stability	25%
PE	114.15
PEG	-4.14
PB	4.91
P/FCF	57.59
P/S	8.78
Price/Cash	0.01
Net Margins	8%
Gross Margins	54%
Op. Margins	7%
Earnings CAGR	8%
Sales Growth YoY	18%
Sales Growth QoQ	-9%
Sales CAGR	4%
FCF CAGR	3%
Equity CAGR	8%
Earnings Stability	0.1
Earnings Growth YoY	-36%
Earnings Growth QoQ	-36%

Earnings CAGR 5Y	-28%
Sales CAGR 5Y	-4%
FCF CAGR 5Y	-24%
Equity CAGR 5Y	-2%
Earnings CAGR 3Y	-22%
Sales CAGR 3Y	-22%
FCF CAGR 3Y	-44%
Equity CAGR 3Y	-1%
Market Cap	$3.68B
Revenue	$418.97M
Dividend Yield	1%
Payout Ratio	143%
Assets	$828.83M
Cash	$50.97M
Shares Outstanding	56.82M
Earnings Score	8%
Moat Score	58%
Working Capital	458.72M
Current Ratio	9.29
Gross Profit	$224.75M
Shares Growth 3y	-1%
Equity Growth QoQ	0%
Equity Growth YoY	-0%

Assets & ROA

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Stockholders Equity & ROE

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Power Integrations Inc is a provider of analog and mixed-signal semiconductor solutions to original equipment manufacturers and distributors. These solutions are found in mobile phones, computers, entertainment & networking equipment, appliances, industrial controls, and light-emitting diodes. The firm's portfolio of products includes power-conversion products, insulated-gate bipolar transistors, and switches. Roughly half of the firm's revenue is generated in China and Hong Kong, and the rest comes from Taiwan, Korea, Europe, Japan, the United States, and other countries across the world.

SEC Filings

Direct access to Power Integrations Inc (POWI) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

2024
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2023
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2022
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31

Sector Comparison

How does Power Integrations Inc compare to its competitors?

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Peter Lynch's Chart

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

CAGR 8%

Stability 10%

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Power Integrations Inc Discounted Cash Flow

Fully customizable DCF calculator online for Power Integrations Inc.

Years

Calculation mode

= $797M

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	$64M	$66M	$68M	$70M	$73M	$75M	$77M	$80M	$82M	$85M	$88M	$879M
DCF		$60M	$56M	$53M	$50M	$47M	$44M	$41M	$38M	$36M	$34M	$339M
Value	$797M

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	12/2024	TTM
Net Margins	11%	12%	6%	17%	46%	15%	23%	26%	13%	8%	8%
ROA	-	9%	10%	10%	28%	8%	17%	22%	6%	4%	4%
ROE	-	10%	5%	13%	27%	9%	18%	23%	7%	4%	4%

Net Margins (7.69%)

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.

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	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	12/2024	TTM
Debt over FCF	-	-	-	-	-	-	-	-	-	-	-
Debt over Equity	-	-	-	-	-	-	-	-	-	-	-
Growth Stability	-	-	-	100%	100%	73%	100%	100%	41%	25%	25%

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 (25%)

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	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	12/2024	CAGR 5Y
Revenue YoY growth	-	13%	11%	-4%	1%	16%	44%	-7%	-32%	-6%	-4%
Earnings YoY growth	-	22%	-42%	153%	176%	-63%	131%	4%	-67%	-42%	-28%
Equity YoY growth	-	14%	12%	-4%	37%	12%	13%	-17%	-0%	-0%	-2%
FCF YoY growth	-	6%	-42%	20%	238%	-73%	234%	-4%	-75%	42%	-24%