Qorvo Inc
Exchange: NASDAQSector: TechnologyIndustry: Semiconductors
Qorvo supplies innovative semiconductor solutions that make a better world possible. We combine product and technology leadership, systems-level expertise and global manufacturing scale to quickly solve our customers’ most complex technical challenges. Qorvo serves diverse high-growth segments of large global markets, including automotive, consumer, defense & aerospace, industrial & enterprise, infrastructure and mobile. Visit www.qorvo.com to learn how our diverse and innovative team is helping connect, protect and power our planet. Qorvo is a registered trademark of Qorvo, Inc. in the U.S. and in other countries. All other trademarks are the property of their respective owners.
Did you know?
Generated $3.8 in free cash flow for every $1 of capital expenditure in FY25.
Current Price
$87.80
+3.72%GoodMoat Value
$31.97
63.6% overvaluedProfile
Valuation (TTM)
Market Cap$8.11B
P/E23.82
EV$7.51B
P/B2.39
Shares Out92.40M
P/Sales2.17
Revenue$3.74B
EV/EBITDA11.31
Qorvo Inc (QRVO) Stock Analysis
GoodMoat Analysis
Qorvo appears to be a business with a potentially narrow moat but questionable quality, currently trading at a significant premium to the GoodMoat target price. The analysis suggests it fails the initial Moat & Quality Gate of the investment framework, indicating it is not a favourable candidate for further value investing investigation.
Read full analysis
Qorvo Inc is a semiconductor company specializing in radio frequency (RF) solutions for mobile, infrastructure, and defense applications. Applying the GoodMoat framework, the business shows limited evidence of a durable competitive advantage. A preliminary moat assessment might identify potential strengths in technology leadership or niche dominance in RF filters, but the provided data lacks the specific metrics (e.g., proprietary data scale, pricing power evidence) to score highly against the 14-point criteria. Crucially, the quality indicators are weak. An operating margin of 2.6% and an ROE of 10.0% fall well below the high-return thresholds required for a 'High Quality' rating. The GoodMoat target price of $31.97 suggests the current price of $80.74 represents a substantial premium. According to the Decision Framework (Step 1: The Moat & Quality Gate), a business with a likely low moat score and multiple weak quality metrics should not proceed to valuation analysis. Therefore, based on the available data, Qorvo does not pass the initial gate for a value investor seeking high-quality businesses with durable moats trading at a margin of safety. Analysis based on data as of 2024-05-15.
Market Cap$8.11B
Current Price$87.80
P/E Ratio23.82
Forward P/E—
PEG Ratio0.08
EPS$0.58
Book Value$36.71
P/B Ratio2.39
QRVO Financial Charts
FCF vs CAPEX
FCFCAPEX
Forward estimates use -3.0% FCF growth (CAGR)
Cash vs Debt
Net Debt: 528M
Revenue
3.1B
FY19
3.2B
FY20
4.0B
FY21
4.6B
FY22
3.6B
FY23
3.8B
FY24
3.7B
FY25
Net Income
133M
FY19
334M
FY20
734M
FY21
1.0B
FY22
103M
FY23
—
FY24
56M
FY25
QRVO 52-Week Range
$62.65
$97.42
50-Day MA: $80.49200-Day MA: $85.68
Did you know?
Profit margin stands at 9.1%.
Qorvo Inc (QRVO) Financial Summary
Qorvo Inc (QRVO) is a Technology company in the Semiconductors industry, listed on NASDAQ. The stock currently trades at $87.80 with a market capitalization of $8.11B.
Key valuation metrics include a P/E ratio of 23.82, price-to-book ratio of 2.39, and EPS of $0.58. The company reports a profit margin of 9.1% and return on equity of 10.0%.
QRVO Key Financial Metrics
| Metric | Value |
|---|---|
| Market Cap | $8.11B |
| P/E Ratio | 23.82 |
| EPS | $0.58 |
| P/B Ratio | 2.39 |
| P/S Ratio | 2.17 |
| EV/EBITDA | 11.31 |
| Profit Margin | 9.1% |
| Return on Equity | 10.0% |
| Debt/Equity | 0.46 |
QRVO Revenue & Earnings History
| Year | Revenue | Net Income |
|---|---|---|
| FY19 | $3.09B | $133.13M |
| FY20 | $3.24B | $334.32M |
| FY21 | $4.02B | $733.61M |
| FY22 | $4.65B | $1.03B |
| FY23 | $3.57B | $103.15M |
| FY24 | $3.77B | $-70.32M |
| FY25 | $3.72B | $55.62M |
Qorvo Inc (QRVO) Valuation
Based on GoodMoat's DCF model, Qorvo Inc has a fair value estimate of $31.97. At the current price of $87.80, the stock appears 174.7% overvalued relative to our intrinsic value estimate.
QRVO Quality Indicators
Qorvo Inc maintains a profit margin of 9.1% and an operating margin of 2.6%. Return on equity stands at 10.0%. The current ratio is 2.77. Debt-to-equity ratio is 0.46.
About Qorvo Inc
Qorvo supplies innovative semiconductor solutions that make a better world possible. We combine product and technology leadership, systems-level expertise and global manufacturing scale to quickly solve our customers’ most complex technical challenges. Qorvo serves diverse high-growth segments of large global markets, including automotive, consumer, defense & aerospace, industrial & enterprise, infrastructure and mobile. Visit www.qorvo.com to learn how our diverse and innovative team is helping connect, protect and power our planet. Qorvo is a registered trademark of Qorvo, Inc. in the U.S. and in other countries. All other trademarks are the property of their respective owners.
QRVO Free Cash Flow
Qorvo Inc generated $491.66M in trailing twelve-month free cash flow, representing an FCF yield of 6.06%. This strong FCF yield suggests the company generates substantial cash relative to its market value.
QRVO Shares Outstanding
Qorvo Inc has 0.09 billion shares outstanding at a share price of $87.80, giving it a market capitalization of $8.11B.