Qorvo is a leader in radio frequency chips sold to smartphone makers and infrastructure, aerospace and defense customers. Although the company is one of the few players with the expertise to supply a wide variety of RF products to leading smartphone makers, we don’t yet believe that it has carved out an economic moat.
As wireless technologies shift to more advanced 5G networks, smartphones will require greater RF content per device, which should provide a nice runway for further growth at Qorvo.
Qorvo has significant customer concentration with Apple, and it would be a damaging blow if Apple were ever to switch to another vendor or suffer a severe slowdown in iPhone sales.
|
Metric
|
QRVO
|
QCOM
|
AVGO
|
|---|---|---|---|
Price/Earnings (Normalized) | 11.79 | 14.94 | 47.87 |
Price/Book Value | 2.16 | 6.91 | 21.01 |
Price/Sales | 2.10 | 4.34 | 25.15 |
Price/Cash Flow | 10.06 | 14.68 | 43.60 |
|
Metric
|
QRVO
|
QCOM
|
AVGO
|
|---|---|---|---|
Quick Ratio | 2.27 | 1.45 | 1.93 |
Current Ratio | 3.24 | 2.37 | 2.24 |
Interest Coverage | 6.45 | 17.39 | 10.58 |
|
Metric
|
QRVO
|
QCOM
|
AVGO
|
|---|---|---|---|
Return on Assets (Normalized) | 8.95% | 22.71% | 23.74% |
Return on Equity (Normalized) | 15.45% | 48.57% | 51.54% |
Return on Invested Capital (Normalized) | 11.93% | 30.86% | 29.94% |
|
1-Day Chart
|
Name
|
Price
|
Morningstar Rating for Stocks
|
Capital Allocation
|
Economic Moat
|
Market Cap
|
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United States