Qorvo Inc. is a leading provider of core technologies and RF solutions for mobile, infrastructure and aerospace/defense applications. The company was founded in 2015 and is based in Greensboro, North Carolina.
QRVO Price Forecast Based on DCF Valuation
DCF Fair Value Target:
The table below illustrates the output of a discounted cash flow forecast using a variety of scenarios for Qorvo Inc. To summarize, we found that Qorvo Inc ranked in the 62th percentile in terms of potential gain offered. More precisely, our analysis suggests the stock is undervalued by approximately 59% on a DCF basis. As for the metrics that stood out in our discounted cash flow analysis of Qorvo Inc, consider:
QRVO'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 32.16% of tickers in our DCF set.
The weighted average cost of capital for the company is 9. This value is greater than just 18.81% stocks in the Technology sector that generate free cash flow.
Terminal Growth Rate in Free Cash Flow
Return Relative to Current Share Price
UEIC, NCR, NTCT, RP, and CACI can be thought of as valuation peers to QRVO, in the sense that they are in the Technology sector and have a similar price forecast based on DCF valuation.
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New FEMs support Wi-Fi 6E’s expanded capacity to deliver multi-gigabit speeds for consumer and enterprise devicesGREENSBORO, N.C., Jan. 12, 2021 (GLOBE NEWSWIRE) -- Qorvo® (Nasdaq:QRVO), a leading provider of innovative RF solutions that connect the world, today introduced two Wi-Fi 6E front end modules (FEMs) designed to maximize throughput and range in high-bandwidth applications such as 8K video streaming, online gaming and virtual reality. Wi-Fi 6E is an extension of Wi-Fi 6 that operates in the recently opened 6 GHz frequency band, in addition to the traditional 2.4 GHz and 5 GHz bands. Wi-Fi 6E triples Wi-Fi capacity with contiguous spectrum to accommodate 7 additional 160 MHz-wide channels or 14 additional 80 MHz channels. Qorvo’s Wi-Fi 6E FEMs unleash the full potential of this...
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