Synaptics Incorporated (SYNA) 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

-90.8%

$10.84

vs $117.41 price

Levered DCF

$19.13

After debt service

Piotroski score

5 / 9

Average

Altman Z-score

3.36

Safe zone

Rating

C-

Overall 1 / 5

Ratios by fiscal year

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

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
P/E	-9.59×	-53.1×	27.56×	43.63×	19.51×	64.45×	15.89×	-45.64×
P/B	5.06×	1.83×	2.36×	2.58×	3.97×	5.31×	2.31×	1.59×
P/S	3.93×	2.37×	3.6×	2.37×	2.89×	3.83×	1.42×	0.71×
EV / EBITDA	54.39×	43.73×	73.09×	9.78×	10.52×	18.54×	6.65×	10.71×
Gross margin	44.7%	44.7%	45.8%	52.8%	54.2%	45.6%	40.7%	33.8%
Operating margin	-5.6%	-8.8%	-10.6%	11.4%	20.1%	11.0%	5.2%	-0.4%
Net margin	-41.0%	-4.4%	13.1%	5.4%	14.8%	5.9%	8.9%	-1.6%
Current ratio	1.12×	2.78×	4.19×	4.89×	3.03×	1.5×	4.41×	2.88×
Debt / equity	0.9×	0.63×	0.73×	0.83×	0.82×	0.95×	0.73×	0.71×
Interest coverage	-2.87×	-2.36×	-1.56×	2.78×	11.6×	4.98×	3.06×	-0.3×
Dividend yield	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Payout ratio	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	-52.8%	-3.4%	8.6%	5.9%	20.3%	8.2%	14.5%	-3.5%
Return on invested capital	-3.6%	-1.7%	3.9%	3.8%	11.6%	5.4%	3.6%	-0.5%
Return on assets	-23.3%	-1.8%	4.4%	2.8%	9.0%	3.6%	7.0%	-1.6%
Free cash flow yield	2.2%	4.2%	-0.9%	9.3%	8.0%	5.8%	10.9%	12.5%
Earnings yield	-10.4%	-1.9%	3.6%	2.3%	5.1%	1.5%	6.3%	-2.2%
Enterprise value	$5.1B	$3B	$3.6B	$3.3B	$5.2B	$5.2B	$1.7B	$1.2B
Net debt / EBITDA	4.21×	7.04×	3.8×	0.31×	0.44×	0.28×	-0.62×	1.27×
Cash conversion cycle (days)	91	69	73	97	81	54	73	80