Microchip Technology, Inc.
MCHP
Market Cap$50.93B
Close$
Earnings Call Q3 2024
February 1, 2024 - AI Summary
Net sales in the December quarter were $1.766 billion, down 21.7% sequentially and 18.6% YoY.
Gross margin for the quarter was 63.8%, while operating expenses were 22.5%. Non-GAAP net income was $592.7 million, resulting in earnings per diluted share of $1.08.
The company expects inventory levels to increase in the March quarter due to significant reduction in revenue and cost of goods sold. Days of inventory are projected to be in the range of 225 to 230 days.
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$58.10
38.4% downside
Current Fair Value
38.4% downsideOvervalued by 38.4% based on the discounted cash flow analysis.
Share Statistics
| Market cap | $50.93 Billion |
|---|---|
| Enterprise Value | $56.34 Billion |
| Dividend Yield | $1.6633 (1.76%) |
| Earnings per Share | $4.28 |
| Beta | 1.86 |
| Outstanding Shares | 540,400,000 |
| Avg 30 Day Volume | 5,552,895 |
Return
| Return on Equity | - |
|---|---|
| Return on Assets | - |
| Return on Invested Capital | - |
Valuation & Multiples
| P/E Ratio | 21.61 |
|---|---|
| PEG | -77.86 |
| Price to Sales | 6.29 |
| Price to Book Ratio | 7.26 |
| Enterprise Value to Revenue | 6.6 |
| Enterprise Value to EBIT | 17.76 |
| Enterprise Value to Net Income | 23 |
| Total Debt to Enterprise | 0.1 |
| Debt to Equity | 0.8 |
Revenue Sources
No data
ESG Score
No data
About Microchip Technology, Inc.
CEO: Steve Sanghi