Allegro Microsystemsinc Stock Fundamentals
| ALGM Stock | USD 28.77 2.20 8.28% |
Allegro MicrosystemsInc fundamentals help investors to digest information that contributes to Allegro MicrosystemsInc's financial success or failures. It also enables traders to predict the movement of Allegro Stock. The fundamental analysis module provides a way to measure Allegro MicrosystemsInc's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Allegro MicrosystemsInc stock.
At this time, Allegro MicrosystemsInc's Net Income Applicable To Common Shares is very stable compared to the past year. As of the 24th of April 2024, Net Income is likely to grow to about 226.2 M, while Depreciation And Amortization is likely to drop about 42.6 M. Allegro | Select Account or Indicator |
Allegro MicrosystemsInc Company Current Valuation Analysis
Allegro MicrosystemsInc's Enterprise Value is a firm valuation proxy that approximates the current market value of a company. It is typically used to determine the takeover or merger price of a firm. Unlike Market Cap, this measure takes into account the entire liquid asset, outstanding debt, and exotic equity instruments that the company has on its balance sheet. When a takeover occurs, the parent company will have to assume the target company's liabilities but will take possession of all cash and cash equivalents.
Current Allegro MicrosystemsInc Current Valuation | 5.19 B |
Most of Allegro MicrosystemsInc's fundamental indicators, such as Current Valuation, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Allegro MicrosystemsInc is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Allegro Current Valuation Historical Pattern
Today, most investors in Allegro MicrosystemsInc Stock are looking for potential investment opportunities by analyzing not only static indicators but also various Allegro MicrosystemsInc's growth ratios. Consistent increases or drops in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's current valuation growth rates may not be enough to decide which company is a better investment. That's why investors frequently use a static breakdown of Allegro MicrosystemsInc current valuation as a starting point in their analysis.
Allegro MicrosystemsInc Current Valuation |
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Enterprise Value can be a useful tool to compare companies with different capital structures. Long term liability and current cash or cash equivalents can have a huge impact on market valuation of a given company.
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In accordance with the recently published financial statements, Allegro MicrosystemsInc has a Current Valuation of 5.19 B. This is 73.11% lower than that of the Semiconductors & Semiconductor Equipment sector and 78.31% lower than that of the Information Technology industry. The current valuation for all United States stocks is 68.75% higher than that of the company.
Allegro MicrosystemsInc Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Allegro MicrosystemsInc's current stock value. Our valuation model uses many indicators to compare Allegro MicrosystemsInc value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Allegro MicrosystemsInc competition to find correlations between indicators driving Allegro MicrosystemsInc's intrinsic value. More Info.Allegro MicrosystemsInc is rated below average in return on equity category among related companies. It is rated fifth in return on asset category among related companies reporting about 0.51 of Return On Asset per Return On Equity. The ratio of Return On Equity to Return On Asset for Allegro MicrosystemsInc is roughly 1.96 . At this time, Allegro MicrosystemsInc's Return On Equity is very stable compared to the past year.Comparative valuation analysis is a catch-all model that can be used if you cannot value Allegro MicrosystemsInc by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Allegro MicrosystemsInc's Stock. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Allegro MicrosystemsInc's earnings, one of the primary drivers of an investment's value.Allegro Current Valuation Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Allegro MicrosystemsInc's direct or indirect competition against its Current Valuation to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Allegro MicrosystemsInc could also be used in its relative valuation, which is a method of valuing Allegro MicrosystemsInc by comparing valuation metrics of similar companies.Allegro MicrosystemsInc is currently under evaluation in current valuation category among related companies.
Allegro Fundamentals
| Return On Equity | 0.22 | ||||
| Return On Asset | 0.11 | ||||
| Profit Margin | 0.21 % | ||||
| Operating Margin | 0.14 % | ||||
| Current Valuation | 5.19 B | ||||
| Shares Outstanding | 193.13 M | ||||
| Shares Owned By Insiders | 52.28 % | ||||
| Shares Owned By Institutions | 50.69 % | ||||
| Number Of Shares Shorted | 8.04 M | ||||
| Price To Earning | 128.42 X | ||||
| Price To Book | 4.57 X | ||||
| Price To Sales | 4.81 X | ||||
| Revenue | 973.65 M | ||||
| Gross Profit | 411.8 M | ||||
| EBITDA | 253.24 M | ||||
| Net Income | 187.49 M | ||||
| Cash And Equivalents | 293.59 M | ||||
| Cash Per Share | 1.53 X | ||||
| Total Debt | 42.54 M | ||||
| Debt To Equity | 0.05 % | ||||
| Current Ratio | 4.84 X | ||||
| Book Value Per Share | 5.88 X | ||||
| Cash Flow From Operations | 193.21 M | ||||
| Short Ratio | 4.96 X | ||||
| Earnings Per Share | 1.14 X | ||||
| Price To Earnings To Growth | 1.64 X | ||||
| Target Price | 38.5 | ||||
| Number Of Employees | 4.69 K | ||||
| Beta | 1.82 | ||||
| Market Capitalization | 5.13 B | ||||
| Total Asset | 1.18 B | ||||
| Retained Earnings | 310.31 M | ||||
| Working Capital | 500.5 M | ||||
| Net Asset | 1.18 B |
About Allegro MicrosystemsInc Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Allegro MicrosystemsInc's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Allegro MicrosystemsInc using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Allegro MicrosystemsInc based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.| Last Reported | Projected for Next Year | ||
| Current Deferred Revenue | 64.5 M | 67.7 M | |
| Total Revenue | 1.1 B | 815.7 M | |
| Cost Of Revenue | 491.7 M | 416.8 M | |
| Stock Based Compensation To Revenue | 0.06 | 0.03 | |
| Sales General And Administrative To Revenue | 0.15 | 0.13 | |
| Research And Ddevelopement To Revenue | 0.14 | 0.13 | |
| Capex To Revenue | (0.07) | (0.08) | |
| Revenue Per Share | 4.58 | 3.13 | |
| Ebit Per Revenue | 0.19 | 0.10 |
Pair Trading with Allegro MicrosystemsInc
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Allegro MicrosystemsInc position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Allegro MicrosystemsInc will appreciate offsetting losses from the drop in the long position's value.Moving against Allegro Stock
| 0.54 | GDDY | Godaddy Financial Report 2nd of May 2024 | PairCorr |
| 0.44 | KVHI | KVH Industries | PairCorr |
The ability to find closely correlated positions to Allegro MicrosystemsInc could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Allegro MicrosystemsInc when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Allegro MicrosystemsInc - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Allegro MicrosystemsInc to buy it.
The correlation of Allegro MicrosystemsInc is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Allegro MicrosystemsInc moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Allegro MicrosystemsInc moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Allegro MicrosystemsInc can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Allegro MicrosystemsInc Piotroski F Score and Allegro MicrosystemsInc Altman Z Score analysis. To learn how to invest in Allegro Stock, please use our How to Invest in Allegro MicrosystemsInc guide.Note that the Allegro MicrosystemsInc information on this page should be used as a complementary analysis to other Allegro MicrosystemsInc's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Analyst Advice module to analyst recommendations and target price estimates broken down by several categories.
Complementary Tools for Allegro Stock analysis
When running Allegro MicrosystemsInc's price analysis, check to measure Allegro MicrosystemsInc's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Allegro MicrosystemsInc is operating at the current time. Most of Allegro MicrosystemsInc's value examination focuses on studying past and present price action to predict the probability of Allegro MicrosystemsInc's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Allegro MicrosystemsInc's price. Additionally, you may evaluate how the addition of Allegro MicrosystemsInc to your portfolios can decrease your overall portfolio volatility.
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Is Allegro MicrosystemsInc's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Allegro MicrosystemsInc. If investors know Allegro will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Allegro MicrosystemsInc listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.48) | Earnings Share 1.14 | Revenue Per Share 5.611 | Quarterly Revenue Growth 0.025 | Return On Assets 0.1118 |
The market value of Allegro MicrosystemsInc is measured differently than its book value, which is the value of Allegro that is recorded on the company's balance sheet. Investors also form their own opinion of Allegro MicrosystemsInc's value that differs from its market value or its book value, called intrinsic value, which is Allegro MicrosystemsInc's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Allegro MicrosystemsInc's market value can be influenced by many factors that don't directly affect Allegro MicrosystemsInc's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Allegro MicrosystemsInc's value and its price as these two are different measures arrived at by different means. Investors typically determine if Allegro MicrosystemsInc is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Allegro MicrosystemsInc's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.