Qorvo, Inc. (QRVO) vs Silicon Motion Technology Corporation (SIMO)

Qorvo, Inc. and Silicon Motion Technology Corporation are both Semiconductors companies. Qorvo, Inc. and Silicon Motion Technology Corporation are of similar size ($10.3B and $9.4B). Qorvo, Inc. trades at the lower P/E: 27.1× against 32.2×. Silicon Motion Technology Corporation grew revenue faster over the last twelve months: 70.9% against −0.18%. Silicon Motion Technology Corporation has the higher net margin (22.1% vs 11.0%) and the higher return on invested capital (13.8% vs 8.09%). Across the 21 metrics below, Silicon Motion Technology Corporation leads on 11 and Qorvo, Inc. on 10.

Valuation

Metric QRVO SIMO Semiconductors median
P/E 27.12 32.19 49.41
P/S 2.85 7.13 8.58
P/B 2.99 8.95 5.49
Price to free cash flow 14.81 n/m 47.02
EV/EBITDA 13.68 37.48 30.78
EV/Sales 3.02 7.08 8.79
Earnings yield 3.69% 3.11% 0.62%
Free cash flow yield 6.75% (1.29%) 0.59%

Profitability

Metric QRVO SIMO Semiconductors median
Gross margin 48.22% 48.87% 52.25%
Operating margin 13.12% 16.31% 4.85%
Net margin 10.95% 22.06% 4.77%
Free cash flow margin 19.24% (9.17%) 8.65%
Return on equity 11.56% 31.83% 3.11%
Return on assets 6.69% 21.96% 1.91%
Return on invested capital 8.09% 13.77% 2.46%

Growth

Metric QRVO SIMO Semiconductors median
Revenue growth (TTM) (0.18%) 70.87% 16.66%
EPS growth (last fiscal year) 524.14% 35.32% —
Revenue growth, 5-year CAGR (1.74%) 10.42% 5.60%
Net income growth, 5-year CAGR (14.31%) 8.99% 0.00%

Health

Metric QRVO SIMO Semiconductors median
Debt to equity 0.45 0.00 0.05
Current ratio 3.54 2.52 3.35
Net debt to EBITDA 0.44 (1.64) 0.58

Dividend

Metric QRVO SIMO Semiconductors median
Dividend yield — 2.27% 1.93%
Payout ratio 0.00 0.19 0.00

Size

Metric QRVO SIMO Semiconductors median
Market cap 10.26b 9.37b 5.67b

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