Qorvo, Inc. Financial Ratios — QRVO Stock

Profitability (USD)

	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y	2026 Y
Return on Common Equity (%)	- -	3.73	5.73	-0.52	-0.33	-0.83	2.91	7.72	16.5	22.59	2.44	-1.88	1.6	10.06
Return on Assets (%)	- -	2.75	5.03	-0.43	-0.25	-0.62	2.18	5.41	10.65	14.03	1.45	-1.06	0.89	5.77
Return on Capital (%)	- -	4.14	- -	- -	-0.88	-3.09	- -	6.91	13.13	16.82	2.55	-2.37	2.32	8.16
Return on Invested Capital (%)	- -	3.79	- -	- -	-0.9	-2.84	- -	6.43	13.46	17.18	2.58	-5.21	4.64	8.55
Gross Margin (%)	31.72	35.27	40.29	40.2	37.44	38.57	38.67	40.81	46.91	49.21	36.34	39.49	41.29	45.89
EBITDA Margin (%)	5.89	8.86	19.84	26.31	26.14	26.38	28.46	27.54	33.94	35.2	14.97	16.82	15.73	20.56
Operating Margin (%)	-1.63	2.38	7.16	0.46	2.9	2.36	7	13.07	22.58	27.42	5.48	8.31	7.75	13.42
Incremental Operating Margin (%)	- -	23.37	16.9	-12.28	18.04	30.11	125.17	138.93	62.28	58.29	100.2	58.74	49.51	-508.47
Pretax Margin (%)	-2.69	2.08	7.09	-0.11	0.9	0.58	2.97	12.2	20.11	25.42	3.49	1.95	1.77	10.83
Profit Margin (%)	-5.5	1.1	11.47	-1.1	-0.55	-1.35	4.31	10.32	18.27	22.24	2.89	-1.87	1.5	9.22
Net Income to Common Margin (%)	-5.5	1.1	11.47	-1.1	-0.55	-1.35	4.31	10.32	18.27	22.24	2.89	-1.87	1.5	9.22
Effective Tax Rate (%)	- -	47.04	- -	- -	160.64	334.98	- -	15.38	9.14	12.51	17.23	195.6	15.61	14.89
Dvd Payout Ratio (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Sustainable Growth Rate (%)	- -	3.73	5.73	-0.52	-0.33	-0.83	2.91	7.72	16.5	22.59	2.44	-1.88	1.6	10.06

Credit (USD)

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	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y	2026 Y
Total Debt	- -	87	- -	988	989	983	921	1,574	1,748	2,047	2,048	1,988	1,549	1,549
ST Debt	- -	87	- -	- -	- -	- -	- -	7	5	- -	- -	439	- -	- -
LT Debt	- -	- -	- -	988	989	983	921	1,567	1,743	2,047	2,048	1,549	1,549	1,549
Total Debt/EBITDA	- -	0.86	- -	1.44	1.25	1.25	1.05	1.76	1.28	1.25	3.83	3.14	2.65	2.05
Net Debt/EBITDA	- -	-0.83	-0.88	0.82	0.56	0.07	0.24	0.96	0.26	0.66	2.32	1.51	0.9	0.44
Total Debt/EBIT	- -	3.19	- -	82.56	11.23	13.99	4.25	3.72	1.93	1.61	10.47	6.35	5.38	3.14
Net Debt/EBIT	- -	-3.1	-2.45	46.98	5.04	0.81	0.97	2.03	0.39	0.84	6.34	3.06	1.83	0.67
EBITDA to Interest Expense	8.69	16.99	238.88	29.46	13.46	13.17	20.01	14.77	18.12	25.83	7.81	9.16	7.47	10.34
EBITDA-CapEx/Interest Expense	0.33	5.62	118.57	15.92	4.08	8.64	14.98	12.06	15.64	22.46	5.48	7.32	5.71	8.57
EBIT to Interest Expense	-2.4	4.57	86.18	0.51	1.5	1.18	4.92	7.01	12.06	20.12	2.86	4.52	3.68	6.75
Interest Expense	7	6	1	23	59	60	44	60	75	63	68	69	78	73
Common Equity/Total Assets	- -	73.58	89.57	75.84	75.14	74.88	75.18	65.4	63.7	60.57	58.37	54.34	57.26	57.34
Long-Term Debt/Equity (%)	- -	- -	- -	19.76	20.2	20.59	21.12	36.51	37.64	44.96	52.48	43.56	45.67	46.32
Long-Term Debt/Capital (%)	- -	- -	- -	16.49	16.79	17.07	17.42	26.72	27.45	31.04	34.4	27.92	31.32	31.68
Long-Term Debt/Total Assets (%)	- -	- -	- -	14.98	15.17	15.41	15.86	23.89	24.13	27.26	30.61	23.64	26.11	26.59
Total Debt/Equity (%)	- -	12.9	- -	19.76	20.2	20.59	21.13	36.67	37.75	44.96	52.49	55.9	45.67	46.32
Total Debt/Capital (%)	- -	11.42	- -	16.49	16.79	17.07	17.42	26.84	27.53	31.04	34.4	35.82	31.32	31.68
Total Debt/Total Assets (%)	- -	9.48	- -	14.98	15.17	15.41	15.86	23.99	24.2	27.26	30.61	30.33	26.11	26.59
Net Debt to Equity	- -	-12.51	-4.86	11.25	9.06	1.2	4.82	20.02	7.56	23.6	31.76	26.96	15.57	9.87
Net Debt/Capital (%)	- -	-14.28	-5.1	10.1	8.3	1.18	4.59	16.68	7.07	19.11	24.09	21.21	13.45	8.99
EBITDA	57	102	339	687	793	784	880	892	1,363	1,635	534	634	585	756
EBITDA-CapEx	2	34	168	371	240	515	659	728	1,176	1,422	375	507	447	627
Operating Income (Loss)	-16	27	122	12	88	70	216	423	907	1,274	196	313	288	494

Liquidity (USD)

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	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y	2026 Y
Cash Ratio	- -	1.11	1.67	1.64	1.3	2.1	1.63	1.33	2.05	1.44	1.46	0.84	1.3	1.71
Current Ratio	- -	2.44	4.61	4.04	3.49	4.18	3.87	3.14	3.64	3.63	3.65	1.99	2.77	3.24
Quick Ratio	- -	1.79	2.84	2.61	2.31	2.98	2.55	2.04	2.76	2.33	2.05	1.18	1.81	2.27
CFO/Avg Current Liab	- -	1.19	1.12	1.97	1.96	1.98	1.85	1.94	2.13	1.55	1.37	0.93	0.62	1.08
Common Equity/Total Assets	- -	73.58	89.57	75.84	75.14	74.88	75.18	65.4	63.7	60.57	58.37	54.34	57.26	57.34
Long-Term Debt/Equity (%)	- -	- -	- -	19.76	20.2	20.59	21.12	36.51	37.64	44.96	52.48	43.56	45.67	46.32
Long-Term Debt/Capital (%)	- -	- -	- -	16.49	16.79	17.07	17.42	26.72	27.45	31.04	34.4	27.92	31.32	31.68
Long-Term Debt/Total Assets (%)	- -	- -	- -	14.98	15.17	15.41	15.86	23.89	24.13	27.26	30.61	23.64	26.11	26.59
Total Debt/Equity (%)	- -	12.9	- -	19.76	20.2	20.59	21.13	36.67	37.75	44.96	52.49	55.9	45.67	46.32
Total Debt/Capital (%)	- -	11.42	- -	16.49	16.79	17.07	17.42	26.84	27.53	31.04	34.4	35.82	31.32	31.68
Total Debt/Total Assets (%)	- -	9.48	- -	14.98	15.17	15.41	15.86	23.99	24.2	27.26	30.61	30.33	26.11	26.59
CFO/Total Liabilities	- -	53.64	42.49	43.07	47.79	53.08	55.95	41.69	50.22	35.5	30.23	27.79	24.49	32.59
CFO/CapEx	1.3	1.92	1.79	2.18	1.41	3.16	3.67	5.76	6.96	4.92	5.3	6.55	4.52	6.27
Altman's Z-Score	- -	1.01	11.12	3.97	4.54	4.59	5.04	4.36	7.2	5.56	3.95	3.95	3.54	3.9

Working Capital (USD)

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	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y	2026 Y
Accounts Receivable Turnover	- -	16.71	6.97	7.79	8.99	8.45	8.54	8.69	9.74	9.05	8.17	10.51	9.3	9.56
Days Sales Outstanding	- -	21.84	52.4	46.85	40.58	43.2	42.76	41.99	37.48	40.32	44.65	34.74	39.24	38.16
Inventory Turnover	- -	11.83	4.32	4.03	4.42	4.05	3.85	3.73	4.16	3.73	2.93	3.03	3.23	3.33
Days Inventory Outstanding	- -	30.86	84.42	90.53	82.54	90.2	94.77	97.94	87.75	97.73	124.67	120.58	112.97	109.54
Accounts Payable Turnover	- -	21.78	9.48	8.47	9.01	8.7	8.67	8.01	7.57	8.13	8.59	9.47	8.23	7.56
Accounts Payable Turnover Days	- -	16.76	38.51	43.11	40.5	41.95	42.12	45.58	48.23	44.92	42.49	38.55	44.35	48.29
Cash Conversion Cycle	- -	35.95	98.31	94.27	82.62	91.45	95.41	94.35	77	93.13	126.83	116.77	107.87	99.42
Inventory to Cash Days	- -	-9.02	-32.02	-43.68	-41.96	-47	-52	-55.95	-50.27	-57.41	-80.01	-85.85	-73.73	-71.38
Inventories	- -	126	347	428	430	472	512	517	508	756	797	711	641	554
Raw Materials	- -	33	72	90	92	110	119	113	135	236	264	202	185	163
Work In Process	- -	52	137	229	198	221	272	291	283	357	346	347	323	265
Finished Goods	- -	41	138	109	140	141	121	113	90	162	187	162	133	126
Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Enterprise Value (USD)

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	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y	2026 Y
Market Capitalization	- -	- -	11,880	7,155	8,670	8,899	8,540	9,242	20,564	13,192	10,020	11,000	6,849	7,167
- Cash & Cash Equivalents	- -	172	300	426	545	926	711	715	1,398	973	809	1,029	1,021	1,219
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Total Debt	- -	87	- -	988	989	983	921	1,574	1,748	2,047	2,048	1,988	1,549	1,549
Enterprise Value	- -	-157	11,335	7,530	9,114	8,957	8,750	10,101	20,914	14,267	11,259	11,959	7,377	7,497
Total Capital	- -	764	6,173	5,991	5,890	5,762	5,287	5,865	6,347	6,595	5,954	5,549	4,947	4,889
Total Debt/Capital (%)	- -	11.42	- -	16.49	16.79	17.07	17.42	26.84	27.53	31.04	34.4	35.82	31.32	31.68
Total Debt / EV	- -	-0.56	- -	0.13	0.11	0.11	0.11	0.16	0.08	0.14	0.18	0.17	0.21	0.21
EV/Sales	- -	- -	6.63	2.88	3.01	3.01	2.83	3.12	5.21	3.07	3.15	3.17	1.98	2.04
EV/EBITDA	- -	- -	33.39	10.96	11.5	11.42	9.95	11.32	15.35	8.72	21.07	18.86	12.61	9.91
EV/EBIT	- -	- -	92.56	629.22	103.5	127.44	40.42	23.87	23.07	11.2	57.57	38.19	25.61	15.18
EV/Cash Flow to Firm	- -	- -	36.81	8.16	12.3	12.57	10.01	10.13	15.26	12.92	12.51	15.59	10.72	8.61
EV/Free Cash Flow to Firm	- -	- -	23.67	6.08	7.04	9.12	7.99	8.7	13.43	10.82	10.63	13.37	8.93	7.5
Diluted Market Cap	- -	- -	11,880	7,155	8,715	8,943	9,135	9,619	21,196	13,843	10,464	11,202	6,912	7,241
Diluted Enterprise Value	- -	-85	11,580	7,717	9,159	9,001	9,345	10,478	21,546	14,917	11,703	12,161	7,440	7,571
EV per Share	- -	- -	76.05	53.06	72.07	70.9	73.49	88.13	185.81	134.21	114.14	124.84	77.99	80.97
TTM Sales	964	1,148	1,711	2,611	3,033	2,974	3,090	3,239	4,015	4,646	3,569	3,770	3,719	3,679
TTM EBITDA	57	102	339	687	793	784	880	892	1,363	1,635	534	634	585	756
TTM Operating Income	-16	27	122	12	88	70	216	423	907	1,274	196	313	288	494
TTM Cash Flow to Firm	85	134	308	923	741	713	874	997	1,370	1,105	900	767	688	871
TTM Free Cash Flow to Firm	139	202	479	1,239	1,294	982	1,095	1,161	1,557	1,318	1,059	894	826	1,000

Multiples (USD)

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	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y	2026 Y
Price/Free Cash Flow	- -	- -	24.93	7.13	6.56	7.97	8.86	8.67	14.24	10.96	10.44	11.66	9.1	7.72
EV/EBIT	- -	- -	92.56	629.22	103.5	127.44	40.42	23.87	23.07	11.2	57.57	38.19	25.61	15.18
Enterprise Value	- -	-157	11,335	7,530	9,114	8,957	8,750	10,101	20,914	14,267	11,259	11,959	7,377	7,497
Low Price	- -	- -	63.02	33.3	43.79	62.68	54.74	58.52	72.93	117.03	75.38	80.62	64.54	49.46
EV/Sales	- -	- -	6.63	2.88	3.01	3.01	2.83	3.12	5.21	3.07	3.15	3.17	1.98	2.04
EV/EBITDA	- -	- -	33.39	10.96	11.5	11.42	9.95	11.32	15.35	8.72	21.07	18.86	12.61	9.91
Price/Earnings	- -	- -	60.52	- -	- -	- -	64.15	27.64	28.03	12.77	97.14	- -	123.15	21.14
Price/Earnings Average	- -	- -	54.07	-286.64	-429.9	-226.85	65.1	29.03	20.89	17.11	94.7	-137.8	159.82	22.59
Price/Earnings High	- -	- -	65.02	-434.74	-532.42	-272.28	77.36	41.95	29.43	20.75	119.91	-165.72	222.78	29.03
Price/Earnings Low	- -	- -	47.85	-163.86	-334.45	-196.53	48.95	20.06	11.19	12.04	72.09	-109.83	109.76	13.51
Price/Book Value	- -	- -	1.92	1.43	1.77	1.86	1.96	2.15	4.47	2.9	2.57	3.09	2.02	2.15
Price/Book Value Average	- -	- -	1.72	1.65	1.45	1.91	1.98	2.26	3.33	3.89	2.5	2.72	2.62	2.29
Price/Book Value High	- -	- -	2.07	2.51	1.8	2.3	2.36	3.27	4.69	4.71	3.17	3.27	3.65	2.95
Price/Book Value Low	- -	- -	1.52	0.94	1.13	1.66	1.49	1.56	1.78	2.74	1.9	2.17	1.8	1.37
Price/Tangible Book Value	- -	- -	6.89	6.8	6.56	5.11	4.8	10.63	14.95	11.96	16.58	21.47	9.39	8.24
Price/Tangible Book Value Average	- -	- -	6.15	7.86	5.38	5.25	4.88	11.16	11.14	16.03	16.16	18.91	12.19	8.81
Price/Tangible Book Value High	- -	- -	7.4	11.93	6.67	6.3	5.79	16.13	15.7	19.44	20.47	22.74	16.99	11.32
Price/Tangible Book Value Low	- -	- -	5.44	4.5	4.19	4.55	3.67	7.71	5.97	11.28	12.31	15.07	8.37	5.27
Price/Sales	- -	- -	6.94	2.74	2.86	2.99	2.76	2.85	5.12	2.84	2.81	2.92	1.84	1.95
Price/Sales Average	- -	- -	6.2	3.17	2.35	3.07	2.8	3	3.82	3.81	2.74	2.57	2.39	2.08
Price/Sales High	- -	- -	7.46	4.8	2.91	3.69	3.33	4.33	5.38	4.61	3.47	3.09	3.33	2.68
Price/Sales Low	- -	- -	5.49	1.81	1.83	2.66	2.11	2.07	2.04	2.68	2.08	2.05	1.64	1.24
Price/Cash Flow	- -	- -	38.87	10.4	11.16	10.44	10.54	9.77	15.8	12.57	11.88	13.2	11.01	8.86
Price/Cash Flow Average	- -	- -	34.73	12.02	9.16	10.72	10.69	10.26	11.77	16.85	11.58	11.63	14.29	9.47
Price/Cash Flow High	- -	- -	41.76	18.23	11.35	12.87	12.71	14.83	16.59	20.43	14.67	13.99	19.91	12.17
Price/Cash Flow Low	- -	- -	30.74	6.87	7.13	9.29	8.04	7.09	6.31	11.86	8.82	9.27	9.81	5.66
Price/Free Cash Flow Average	- -	- -	22.27	8.24	5.38	8.18	8.99	9.1	10.61	14.69	10.18	10.27	11.81	8.25
Price/Free Cash Flow High	- -	- -	26.78	12.5	6.67	9.82	10.68	13.15	14.95	17.82	12.89	12.36	16.46	10.6
Price/Free Cash Flow Low	- -	- -	19.71	4.71	4.19	7.09	6.76	6.29	5.68	10.34	7.75	8.19	8.11	4.93
EV/Sales Average	- -	- -	6.03	3.38	2.49	3.09	2.87	3.26	3.9	4.04	3.08	2.83	2.53	2.17
EV/Sales High	- -	- -	7.28	5.02	3.05	3.71	3.4	4.6	5.46	4.85	3.81	3.35	3.47	2.77
EV/Sales Low	- -	- -	5.32	2.03	1.97	2.68	2.18	2.34	2.13	2.91	2.43	2.3	1.78	1.33
EV/EBITDA Average	- -	-0.83	30.39	12.85	9.54	11.72	10.09	11.84	11.5	11.47	20.6	16.8	16.1	10.56
EV/EBITDA High	- -	-0.83	36.72	19.07	11.68	14.06	11.95	16.68	16.1	13.77	25.46	19.89	22.08	13.45
EV/EBITDA Low	- -	-0.83	26.79	7.7	7.55	10.17	7.65	8.48	6.28	8.26	16.23	13.69	11.34	6.49
EV/EBIT Average	- -	-3.1	84.22	737.82	85.87	130.85	41	24.96	17.29	14.72	56.28	34.01	32.69	16.18
EV/EBIT High	- -	-3.1	101.77	1,094.78	105.15	156.9	48.55	35.17	24.2	17.67	69.58	40.28	44.84	20.6
EV/EBIT Low	- -	-3.1	74.26	441.91	67.93	113.47	31.08	17.88	9.44	10.61	44.36	27.73	23.02	9.94
Last Price	- -	- -	79.7	50.41	68.56	70.45	71.73	80.63	182.7	124.1	101.57	114.83	72.41	77.4
High Price	- -	- -	85.63	88.35	69.71	86.84	86.5	122.37	191.82	201.68	125.38	121.65	130.99	106.3
Enterprise Value Average	- -	-85	10,314	8,830	7,562	9,197	8,876	10,563	15,674	18,754	11,008	10,649	9,417	7,989
Enterprise Value High	- -	-85	12,464	13,102	9,259	11,027	10,509	14,885	21,941	22,514	13,608	12,613	12,918	10,173
Enterprise Value Low	- -	-85	9,094	5,289	5,982	7,975	6,727	7,567	8,559	13,515	8,676	8,682	6,633	4,910

	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y	2026 Y
Shares Outstanding	- -	148	149	127	126	126	119	115	113	106	99	96	93	88
Diluted Weighted Avg Shares	148	148	149	142	127	127	127	119	116	112	103	98	95	94
Basic Weighted Avg Shares	148	148	149	142	126	126	119	115	113	106	99	96	95	93
Revenue per Share	6.49	7.73	11.48	18.39	23.98	23.54	25.96	28.26	35.67	43.7	36.18	39.35	39.32	39.73
EBITDA per Share	0.38	0.68	2.28	4.84	6.27	6.21	7.39	7.78	12.11	15.39	5.42	6.62	6.18	8.17
Operating Income per Share	-0.11	0.18	0.82	0.08	0.7	0.56	1.82	3.69	8.05	11.99	1.98	3.27	3.05	5.33
Basic EPS, GAAP	-0.36	0.09	1.32	-0.2	-0.13	-0.32	1.12	2.92	6.52	9.72	1.05	-0.73	0.59	3.66
Basic EPS from Cont Ops	-0.36	0.09	1.32	-0.2	-0.13	-0.32	1.12	2.92	6.52	9.72	1.05	-0.73	0.59	3.66
Diluted EPS, GAAP	-0.36	0.09	1.32	-0.2	-0.13	-0.32	1.05	2.8	6.32	9.26	1	-0.72	0.58	3.62
Diluted EPS from Cont Ops	-0.36	0.09	1.32	-0.2	-0.13	-0.32	1.05	2.8	6.32	9.26	1	-0.72	0.58	3.62
Dividend per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash Flow per Share	0.48	0.88	2.05	4.85	6.14	6.75	6.81	8.25	11.57	9.87	8.55	8.7	6.58	8.73
Free Cash Flow per Basic Share	0.11	0.42	0.9	2.62	1.77	4.61	4.95	6.82	9.91	7.86	6.94	7.37	5.12	7.34
Cash & Equivalents per Share	- -	1.64	3.65	4.32	4.31	7.33	5.97	6.24	12.42	9.15	8.2	10.74	10.8	13.17
Book Value per Share	- -	4.56	41.42	35.25	38.75	37.83	36.67	37.43	40.87	42.78	39.59	37.18	35.92	36.07
Tangible Book Value per Share	- -	3.49	11.57	7.41	10.46	13.78	14.93	7.59	12.22	10.37	6.13	5.35	7.71	9.39

Qorvo, Inc.

Profitability (USD)

Credit (USD)

Liquidity (USD)

Working Capital (USD)

Enterprise Value (USD)

Multiples (USD)

Per Share Data Items (USD)