Skyworks Solutions, Inc. (SWKS) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

-9.3%

$78.60

vs $86.67 price

Levered DCF

$89.27

After debt service

Piotroski score

6 / 9

Average

Altman Z-score

6.79

Safe zone

Rating

B+

Overall 3 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
P/E	24.95×	26.57×	15.98×	10.86×	18.07×	30.34×	15.75×	17.89×
P/B	2.07×	2.5×	2.58×	2.53×	5.11×	5.94×	3.26×	4.01×
P/S	2.91×	3.79×	3.29×	2.52×	5.3×	7.37×	3.98×	4.25×
EV / EBITDA	11.75×	14×	9.39×	7.09×	13.96×	19.39×	9.45×	9.7×
Gross margin	41.2%	41.2%	44.2%	47.5%	49.2%	48.1%	47.5%	50.4%
Operating margin	12.2%	15.3%	23.6%	27.8%	31.6%	26.6%	28.2%	34.1%
Net margin	11.7%	14.3%	20.6%	23.2%	29.3%	24.3%	25.3%	23.7%
Current ratio	2.33×	5.54×	3.33×	2.63×	4.35×	5.17×	5.97×	5.8×
Debt / equity	0.21×	0.19×	0.25×	0.44×	0.46×	0.04×	0×	0×
Interest coverage	18.45×	20.76×	17.47×	31.88×	120.35×	0×	0×	0×
Dividend yield	3.6%	2.8%	2.6%	2.7%	1.3%	1.2%	2.0%	1.5%
Payout ratio	90.7%	73.7%	41.2%	29.3%	22.7%	37.7%	32.1%	26.5%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	8.3%	9.4%	16.2%	23.3%	28.3%	19.6%	20.7%	22.4%
Return on invested capital	6.4%	7.8%	13.1%	16.2%	19.0%	17.4%	18.9%	20.5%
Return on assets	6.0%	7.2%	11.7%	14.4%	17.4%	16.0%	17.6%	19.0%
Free cash flow yield	9.3%	10.5%	10.3%	6.6%	4.1%	3.3%	7.0%	5.0%
Earnings yield	4.0%	3.8%	6.3%	9.2%	5.5%	3.3%	6.4%	5.6%
Enterprise value	$11.9B	$15.7B	$16.5B	$15.7B	$28.6B	$24.4B	$12.6B	$15.7B
Net debt / EBITDA	0.04×	-0.15×	0.45×	0.83×	0.75×	-0.31×	-0.64×	-0.45×
Cash conversion cycle (days)	132	136	198	192	145	160	137	111