Cerebras Systems Inc. (CBRS) vs Skyworks Solutions, Inc. (SWKS)

Cerebras Systems Inc. and Skyworks Solutions, Inc. are both Semiconductors companies. Cerebras Systems Inc. and Skyworks Solutions, Inc. are of similar size ($22.6B and $20.6B). Cerebras Systems Inc. has negative trailing earnings, so its P/E is not meaningful; Skyworks Solutions, Inc. trades at 75.4×. Skyworks Solutions, Inc. has the higher net margin (4.35% vs −63.9%) and the higher return on invested capital (2.43% vs −21.1%). Across the 13 metrics below, Skyworks Solutions, Inc. leads on 10 and Cerebras Systems Inc. on 3.

Valuation

Metric CBRS SWKS Semiconductors median
P/E n/m 75.44 44.73
P/S 26.39 3.30 6.85
P/B 1.66 2.28 5.06
Price to free cash flow n/m 65.69 57.33
EV/EBITDA n/m 17.42 22.12
EV/Sales 13.47 3.39 6.85
Earnings yield (1.37%) 1.33% 0.84%
Free cash flow yield (5.95%) 1.52% 0.81%

Profitability

Metric CBRS SWKS Semiconductors median
Gross margin 32.17% 40.78% 52.12%
Operating margin (100.27%) 5.47% 7.34%
Net margin (63.86%) 4.35% 3.87%
Free cash flow margin (157.07%) 5.02% 4.86%
Return on equity 0.00% 0.00% 1.15%
Return on assets (6.33%) 1.98% 2.03%
Return on invested capital (21.13%) 2.43% 2.66%

Growth

Metric CBRS SWKS Semiconductors median
Revenue growth (TTM) — (3.11%) 17.60%
EPS growth (last fiscal year) — (63.00%) 27.88%
Revenue growth, 5-year CAGR — (4.97%) 5.14%
Net income growth, 5-year CAGR — (35.13%) 0.00%

Health

Metric CBRS SWKS Semiconductors median
Debt to equity 0.13 0.43 0.13
Current ratio 5.82 3.34 3.35
Net debt to EBITDA — (0.20) 0.58

Dividend

Metric CBRS SWKS Semiconductors median
Dividend yield — 2.44% 1.37%
Payout ratio — 1.86 0.40

Size

Metric CBRS SWKS Semiconductors median
Market cap 22.63b 20.58b 5.52b

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