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Fundamentals snapshot

Synaptics Incorporated

SYNA · NMS · Technology · Semiconductors

Current price

$118.50

52-week range

$58.28 - $149.11

Market cap

$4.70B

One-glance verdict

Overvalued

$30.19 our estimate vs market $118.50

Wall Street consensus: $129.33 (328.4% higher than our fair-value estimate)

Balance sheet

Distressed

-2.44x Concerning

Net debt $434.30M. Interest coverage shows how many times profit covers the interest bill.

What this company does

Synaptics Incorporated

Synaptics makes tiny computer chips that power everyday gadgets, from your phone's touchscreen to smart home devices and car electronics. Their main money comes from selling these specialized chips, which is important because it fuels their ability to invent even newer, smarter chips for the future.

Price history

How the share price has moved

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Loading price history…

Earnings history

Last 8 quarters — what happened

Click any quarter to read the call summary and what the numbers say.

Free cash flow by quarter (oldest to newest)
FY2025 Q1 $-20.50M FY2025 Q2 $18.10M FY2025 Q3 $68.00M FY2025 Q4 $50.60M FY2026 Q1 $18.00M FY2026 Q2 $18.20M FY2026 Q3 $9.90M FY2026 Q4 $55.30M
Revenue $308.00M
Net income $-447.40M
Diluted EPS -11.50
Operating cash flow $67.60M
Free cash flow $55.30M
Revenue $294.20M
Net income $-8.00M
Diluted EPS -0.21
Operating cash flow $21.80M
Free cash flow $9.90M
Revenue $302.50M
Net income $-14.80M
Diluted EPS -0.38
Operating cash flow $29.80M
Free cash flow $18.20M
Revenue $292.50M
Net income $-20.60M
Diluted EPS -0.53
Operating cash flow $30.20M
Free cash flow $18.00M
Revenue $282.80M
Net income $-4.70M
Diluted EPS -0.13
Operating cash flow $57.20M
Free cash flow $50.60M
Revenue $266.60M
Net income $-21.80M
Diluted EPS -0.56
Operating cash flow $73.40M
Free cash flow $68.00M
Revenue $267.20M
Net income $1.80M
Diluted EPS 0.05
Operating cash flow $22.80M
Free cash flow $18.10M
Revenue $257.70M
Net income $-23.10M
Diluted EPS -0.58
Operating cash flow $-11.40M
Free cash flow $-20.50M

Is it cheap or expensive?

Fair value $30.19 vs current price $118.50

Wall Street consensus is the average analyst price target: $129.33 (328.4% higher than our fair-value estimate).

Our most-likely fair value is $30.19 a share — about 74.5% below today's price of $118.50, so the stock currently looks expensive (overvalued).

overvalued

We estimate the cash this business should generate over the next 10 years and beyond, then convert it to today's money for a fair value per share, in its trading currency. Cautious, middle and optimistic growth cases give a range. Not for banks/insurers.

Base

Growth 8.0% · Discount 12.5% · Terminal 3.0%

$30.19

Bear

Growth 3.0% · Discount 12.5% · Terminal 3.0%

$20.73

Bull

Growth 15.0% · Discount 12.5% · Terminal 3.0%

$48.15

Is it drowning in debt?

Distressed

Net debt $434.3M. Interest coverage -2.4x.

Net debt $434.30M
Interest coverage -2.44x

Synaptics Incorporated's profit covers its interest bill about 0.0 times over. which is weaker than most peers shown here and 1 peers sit below 1x, which is the danger zone where profit does not fully cover the interest bill.

Distressed
Worse cushion Baseline Better cushion
SYNA BASELINE Synaptics Incorporated

Total debt $876.80M Interest coverage -2.44x This is the baseline the peer rows are being compared against.

-2.44x
CRUS Cirrus Logic, Inc.

Total debt $130.46M Interest coverage 512.67x This peer still has a real interest-payment cushion, while SYNA does not.

512.67x
SLAB Silicon Laboratories Inc.

Total debt $0.00 Interest coverage -72.35x Neither company has much profit cushion over interest right now.

-72.35x
LSCC Lattice Semiconductor Corporation

Total debt $38.08M Interest coverage 3.68x This peer still has a real interest-payment cushion, while SYNA does not.

3.68x
SMTC Semtech Corporation

Total debt $524.99M Interest coverage 8.60x This peer still has a real interest-payment cushion, while SYNA does not.

8.60x

What you should know

The case for and against SYNA

2 Rewards 3 Risks

Rewards

  • Revenue grew 11.4% last year.
  • Free cash flow was positive in 10/10 years.

Risks

  • Net debt grew 315.1% over 3 years.
  • Return on equity was -42.2% last year — the company lost money on shareholders' equity.
  • Operating margin compressed from 11.4% to -2.8% over 3 years.

The numbers

All the key metrics, grouped by purpose

Tap any ? icon to learn what it means.

Valuation

How expensive the stock looks

P/E (TTM)
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Forward P/E
18.02x
P/B
4.98x
P/S
3.93x
EV/EBITDA
54.45x
PEG ratio
0.51x

Profitability

How much profit each dollar creates

Gross margin
44.7%
Operating margin
-2.8%
Net margin
-41.0%
ROE
-42.2%
ROA
-1.5%

Health

Liquidity and balance-sheet strength

Debt / equity
0.94x
Current ratio
1.12x
Quick ratio
0.86x
Total debt
$876.80M
Total cash
$442.50M

Growth

How the business has been compounding

Revenue TTM
$1.20B
Revenue 5Y CAGR
-8.9%
EPS TTM
-12.62
EPS 5Y CAGR
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Cash flow

How much cash the business throws off

Operating CF TTM
$149.40M
Free CF TTM
$101.40M
FCF margin
8.5%

Dividend

Shareholder payout

Yield
0.0%
Payout ratio
0.0%
Last ex-div date
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