Cirrus Logic Inc. develops analog and mixed-signal integrated circuits used in audio and energy-related applications. The company was founded in 1984 and is based in Austin, Texas.
CRUS Price Forecast Based on DCF Valuation
DCF Fair Value Target:
We started the process of determining a valid price forecast for Cirrus Logic Inc with a discounted cash flow analysis -- the results of which can be found in the table below. To summarize, we found that Cirrus Logic Inc ranked in the 38th percentile in terms of potential gain offered. We should note, though, that all scenearios modelled for this stock suggest it is overvalued. As for the metrics that stood out in our discounted cash flow analysis of Cirrus Logic Inc, consider:
Interest coverage, a measure of earnings relative to interest payments, is 165.18 -- which is good for besting 95.18% of its peer stocks (US stocks in the Technology sector with positive cash flow).
The business' balance sheet reveals debt to be 3% of the company's capital (with equity being the remaining amount). Approximately only 11.86% of US stocks with free cash flow have a lower reliance on debt in their capital structure.
CRUS's estimated cost of debt, based largely on its market capitalization and its interest coverage ratio, is 2%; for context, that number is higher than 46.93% of tickers in our DCF set.
Terminal Growth Rate in Free Cash Flow
Return Relative to Current Share Price
For other companies in the Technology that have a similar discounted cashflow valuation profile (and ensuing price forecasts) as CRUS, try ACN, HQY, ADI, NOVT, and VRNT.
Seeing a good entry point after the recent pullback, Craig-Hallum upgrades Cirrus Logic (CRUS) from Hold to Buy with a $70 price target.Analyst Anthony Stoss thinks "Apple AirPod Pro demand has remained strong and should benefit CRUS in the upcoming September quarter." The analyst sees a "significant opportunity" with AirPods over the...
Shape strategic responses through the phases of industry recovery. Analog Devices, Inc., Cirrus Logic, Inc., and Infineon Technologies AG will emerge as major automotive audio amplifier market participants during 2020-2024. The automotive audio amplifier market is expected to grow by USD 626.89 million during 2020-2024, according to Technavio. The report offers a detailed analysis of the impact of COVID-19 pandemic on the automotive audio amplifier market in optimistic, probable, and pessimistic forecast scenarios. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200907005070/en/ Technavio has announced its latest market research report titled Global Automotive Audio Amplifier Market 2020-2024 (Graphic: Business Wire) The autom...
Shares of Cirrus Logic fell 3.1% in extended market trading on Monday as the company expects 2Q sales to be lower than analysts’ … The post Cirrus Logic Drops 3% In Extended Trading On Revenue Outlook appeared first on Smarter Analyst .