NXP Semiconductors N.V. (NXPI) – Slow Growth Quarter

NXP Semiconductors N.V. (NXPI) (Q2FY23)

Stock Performance: NXP Semiconductors stock price showed an upward trend in past 3- months period and gave 10% returns. The stock price increased by 21% in past 1-year. The stock has a 52-week high of $225.57 and its 52-week low is $132.08. In the past 3 years, the stock has given huge returns of more than 70%. The stock surged from ~$119 in FY20 to $203.50 in FY23

Q2FY23 performance: Revenue was $3.3 billion, down 0.4% Y/Y. GAAP gross margin was 57%, GAAP operating margin was 28.4% and GAAP diluted Net Income per Share was $2.67.

Non-GAAP gross margin was 58.4%, non-GAAP operating margin was 35%, and non-GAAP diluted Net Income per Share was $3.43.

Cash flow from operations was $756mn, with net capex investments of $200mn, resulting in non-GAAP free cash flow of $556mn. During the first quarter of 2023, NXP paid cash dividends of $264mn.

Guidance: For Q3FY23, The company expects revenue to be between $3.3bn and $3.50bn. Operating margin is expected to be between 27.9% and 30.1%. Whereas, on a non-GAAP basis, the operating margin is expected to be in the range of 34.4% to 36.2%. GAAP EPS is expected to be in the range of $2.68 to $3.10, meanwhile for Non-GAAP EPS is to be in the range of $3.39 to 3.82.

Highlights

NXPI stands out as one of the very few companies to achieve an impressive $1.87bn in the automotive segment, reflecting a remarkable 9% increase compared to the previous year. Notably, automotive revenue accounted for 57% of the total Q2 revenue.

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Highlights

Valuation

– Enterprise Value
– CrispIdea Forecast
– CrispIdea Segment Forecast
– Economic Value Added Analysis
– P/E Analysis
– Peer Valuation
– CrispIdea Forecast Relative to Consensus
– Consensus History and Surprise
– Consensus Momentum

Actual & Historical Performance

– Income Statement
– Balance Sheet
– Cash Flow
– 10 Year Historical Performance
– Ratio Analysis
– Du Pont Analysis
– ROIC & ROCE Analysis
– Segment Performance
– M&A Deals

Peer Performance

– Summary
– Profitability
– Growth
– Price Performance

Ownership

Stock Price Performance

Crispidea Coverage

No of Pages: 35

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