Intrinsic value of Synaptics - SYNA

Previous Close

$36.87

  Intrinsic Value

$84.59

stock screener

  Rating & Target

str. buy

+129%

  Value-price divergence*

+63%

Previous close

$36.87

 
Intrinsic value

$84.59

 
Up/down potential

+129%

 
Rating

str. buy

 
Value-price divergence*

+63%

*Intrinsic value change (in %) minus stock price change (in %) in the past 12 months.

We calculate the intrinsic value of SYNA stock by summing up the current values of future distributable cash flows generated by the company and dividing the sum by the number of outstanding shares. As such, the intrinsic value calculation depends entirely on projections. The more accurate your projections of the company's performance are - the more reliable is the intrinsic value calculation result. Please make sure to check the stock valuation input data below and adjust it if necessary. The quality of the output (intrinsic valuation result) is only as good as the quality of the input. See also DISCLAIMERS.

STOCK VALUATION INPUT DATA

Revenue (in 2017), $M
Initial revenue growth rate, %
Terminal revenue growth rate, %
Revenue decline factor
Initial discount rate, %
Discount rate multiplier
Variable cost ratio, %
Fixed operating expenses, $M
Interest rate on debt, %
Effective corporate tax rate, %
Production assets / Revenue, %
Life of production assets, yrs
Working capital / Revenue, %
Revenue / Adjusted assets
Adjusted equity ratio
Cash flow adjustment, % of Revenue
Book value of equity, $M
Shares outstanding, mln
Market capitalization, $bln 1.3

 

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year
2017(a)
   2018
   2019
   2020
   2021
   2022
   2023
   2024
   2025
   2026
   2027
   2028
   2029
   2030
   2031
   2032
   2033
   2034
   2035
   2036
   2037
   2038
   2039
   2040
   2041
   2042
   2043
   2044
   2045
   2046
   2047

INCOME STATEMENT

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue growth rate, %
  3.06
  31.80
  29.12
  26.71
  24.54
  22.58
  20.83
  19.24
  17.82
  16.54
  15.38
  14.34
  13.41
  12.57
  11.81
  11.13
  10.52
  9.97
  9.47
  9.02
  8.62
  8.26
  7.93
  7.64
  7.38
  7.14
  6.92
  6.73
  6.56
  6.40
  6.26
Revenue, $m
  1,718
  2,264
  2,924
  3,705
  4,614
  5,655
  6,833
  8,148
  9,600
  11,187
  12,908
  14,760
  16,739
  18,843
  21,069
  23,414
  25,877
  28,456
  31,151
  33,961
  36,889
  39,935
  43,103
  46,396
  49,818
  53,373
  57,069
  60,911
  64,905
  69,061
  73,386
Variable operating expenses, $m
 
  2,154
  2,775
  3,510
  4,366
  5,348
  6,457
  7,696
  9,063
  10,559
  12,180
  13,903
  15,768
  17,750
  19,846
  22,055
  24,375
  26,804
  29,342
  31,990
  34,747
  37,617
  40,601
  43,703
  46,926
  50,275
  53,756
  57,375
  61,138
  65,052
  69,126
Fixed operating expenses, $m
 
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total operating expenses, $m
  1,652
  2,154
  2,775
  3,510
  4,366
  5,348
  6,457
  7,696
  9,063
  10,559
  12,180
  13,903
  15,768
  17,750
  19,846
  22,055
  24,375
  26,804
  29,342
  31,990
  34,747
  37,617
  40,601
  43,703
  46,926
  50,275
  53,756
  57,375
  61,138
  65,052
  69,126
Operating income, $m
  67
  111
  149
  194
  247
  308
  376
  452
  537
  629
  729
  857
  972
  1,094
  1,223
  1,359
  1,502
  1,652
  1,808
  1,971
  2,141
  2,318
  2,502
  2,693
  2,892
  3,098
  3,313
  3,536
  3,768
  4,009
  4,260
EBITDA, $m
  159
  196
  253
  320
  399
  489
  591
  704
  830
  967
  1,116
  1,276
  1,447
  1,629
  1,821
  2,024
  2,237
  2,460
  2,693
  2,936
  3,189
  3,452
  3,726
  4,011
  4,307
  4,614
  4,934
  5,266
  5,611
  5,970
  6,344
Interest expense (income), $m
  0
  7
  13
  20
  28
  37
  48
  60
  74
  89
  106
  124
  143
  164
  186
  209
  234
  259
  286
  314
  344
  374
  406
  439
  474
  509
  546
  585
  625
  667
  710
Earnings before tax, $m
  61
  104
  136
  175
  219
  270
  328
  392
  462
  539
  623
  733
  828
  930
  1,037
  1,150
  1,269
  1,393
  1,522
  1,657
  1,798
  1,944
  2,096
  2,254
  2,418
  2,589
  2,766
  2,951
  3,143
  3,342
  3,550
Tax expense, $m
  12
  28
  37
  47
  59
  73
  88
  106
  125
  146
  168
  198
  224
  251
  280
  311
  343
  376
  411
  447
  485
  525
  566
  609
  653
  699
  747
  797
  849
  902
  958
Net income, $m
  49
  76
  99
  128
  160
  197
  239
  286
  338
  394
  455
  535
  605
  679
  757
  840
  926
  1,017
  1,111
  1,210
  1,312
  1,419
  1,530
  1,645
  1,765
  1,890
  2,020
  2,154
  2,294
  2,440
  2,591

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  368
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total assets, $m
  1,267
  1,185
  1,530
  1,939
  2,414
  2,959
  3,576
  4,264
  5,024
  5,854
  6,755
  7,724
  8,759
  9,860
  11,025
  12,252
  13,541
  14,891
  16,301
  17,771
  19,303
  20,898
  22,555
  24,278
  26,069
  27,930
  29,863
  31,874
  33,964
  36,139
  38,402
Adjusted assets (=assets-cash), $m
  899
  1,185
  1,530
  1,939
  2,414
  2,959
  3,576
  4,264
  5,024
  5,854
  6,755
  7,724
  8,759
  9,860
  11,025
  12,252
  13,541
  14,891
  16,301
  17,771
  19,303
  20,898
  22,555
  24,278
  26,069
  27,930
  29,863
  31,874
  33,964
  36,139
  38,402
Revenue / Adjusted assets
  1.911
  1.911
  1.911
  1.911
  1.911
  1.911
  1.911
  1.911
  1.911
  1.911
  1.911
  1.911
  1.911
  1.911
  1.911
  1.911
  1.911
  1.911
  1.911
  1.911
  1.911
  1.911
  1.911
  1.911
  1.911
  1.911
  1.911
  1.911
  1.911
  1.911
  1.911
Average production assets, $m
  244
  322
  415
  526
  655
  803
  970
  1,157
  1,363
  1,589
  1,833
  2,096
  2,377
  2,676
  2,992
  3,325
  3,675
  4,041
  4,423
  4,823
  5,238
  5,671
  6,121
  6,588
  7,074
  7,579
  8,104
  8,649
  9,217
  9,807
  10,421
Working capital, $m
  482
  170
  219
  278
  346
  424
  512
  611
  720
  839
  968
  1,107
  1,255
  1,413
  1,580
  1,756
  1,941
  2,134
  2,336
  2,547
  2,767
  2,995
  3,233
  3,480
  3,736
  4,003
  4,280
  4,568
  4,868
  5,180
  5,504
Total debt, $m
  217
  365
  562
  795
  1,066
  1,377
  1,728
  2,120
  2,553
  3,027
  3,540
  4,093
  4,683
  5,310
  5,974
  6,674
  7,408
  8,178
  8,981
  9,820
  10,693
  11,602
  12,546
  13,529
  14,549
  15,610
  16,712
  17,858
  19,050
  20,289
  21,579
Total liabilities, $m
  527
  675
  872
  1,105
  1,376
  1,687
  2,038
  2,430
  2,863
  3,337
  3,850
  4,403
  4,993
  5,620
  6,284
  6,984
  7,718
  8,488
  9,291
  10,130
  11,003
  11,912
  12,856
  13,839
  14,859
  15,920
  17,022
  18,168
  19,360
  20,599
  21,889
Total equity, $m
  740
  510
  658
  834
  1,038
  1,273
  1,538
  1,833
  2,160
  2,517
  2,905
  3,321
  3,767
  4,240
  4,741
  5,269
  5,823
  6,403
  7,009
  7,642
  8,300
  8,986
  9,699
  10,440
  11,210
  12,010
  12,841
  13,706
  14,605
  15,540
  16,513
Total liabilities and equity, $m
  1,267
  1,185
  1,530
  1,939
  2,414
  2,960
  3,576
  4,263
  5,023
  5,854
  6,755
  7,724
  8,760
  9,860
  11,025
  12,253
  13,541
  14,891
  16,300
  17,772
  19,303
  20,898
  22,555
  24,279
  26,069
  27,930
  29,863
  31,874
  33,965
  36,139
  38,402
Debt-to-equity ratio
  0.293
  0.720
  0.850
  0.950
  1.030
  1.080
  1.120
  1.160
  1.180
  1.200
  1.220
  1.230
  1.240
  1.250
  1.260
  1.270
  1.270
  1.280
  1.280
  1.290
  1.290
  1.290
  1.290
  1.300
  1.300
  1.300
  1.300
  1.300
  1.300
  1.310
  1.310
Adjusted equity ratio
  0.414
  0.430
  0.430
  0.430
  0.430
  0.430
  0.430
  0.430
  0.430
  0.430
  0.430
  0.430
  0.430
  0.430
  0.430
  0.430
  0.430
  0.430
  0.430
  0.430
  0.430
  0.430
  0.430
  0.430
  0.430
  0.430
  0.430
  0.430
  0.430
  0.430
  0.430

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  49
  76
  99
  128
  160
  197
  239
  286
  338
  394
  455
  535
  605
  679
  757
  840
  926
  1,017
  1,111
  1,210
  1,312
  1,419
  1,530
  1,645
  1,765
  1,890
  2,020
  2,154
  2,294
  2,440
  2,591
Depreciation, amort., depletion, $m
  92
  85
  104
  126
  152
  181
  215
  252
  293
  338
  387
  419
  475
  535
  598
  665
  735
  808
  885
  965
  1,048
  1,134
  1,224
  1,318
  1,415
  1,516
  1,621
  1,730
  1,843
  1,961
  2,084
Funds from operations, $m
  121
  161
  203
  253
  312
  379
  454
  538
  631
  732
  842
  954
  1,080
  1,214
  1,356
  1,505
  1,661
  1,825
  1,996
  2,174
  2,360
  2,553
  2,754
  2,963
  3,180
  3,406
  3,640
  3,884
  4,137
  4,401
  4,676
Change in working capital, $m
  -32
  41
  49
  59
  68
  78
  88
  99
  109
  119
  129
  139
  148
  158
  167
  176
  185
  193
  202
  211
  220
  228
  238
  247
  257
  267
  277
  288
  300
  312
  324
Cash from operations, $m
  153
  120
  154
  195
  244
  300
  366
  440
  522
  613
  713
  815
  932
  1,056
  1,189
  1,329
  1,476
  1,631
  1,794
  1,963
  2,140
  2,325
  2,517
  2,716
  2,924
  3,139
  3,363
  3,596
  3,838
  4,089
  4,351
Maintenance CAPEX, $m
  0
  -49
  -64
  -83
  -105
  -131
  -161
  -194
  -231
  -273
  -318
  -367
  -419
  -475
  -535
  -598
  -665
  -735
  -808
  -885
  -965
  -1,048
  -1,134
  -1,224
  -1,318
  -1,415
  -1,516
  -1,621
  -1,730
  -1,843
  -1,961
New CAPEX, $m
  -31
  -78
  -94
  -111
  -129
  -148
  -167
  -187
  -206
  -225
  -244
  -263
  -281
  -299
  -316
  -333
  -350
  -366
  -383
  -399
  -416
  -433
  -450
  -468
  -486
  -505
  -525
  -546
  -567
  -590
  -614
Cash from investing activities, $m
  -42
  -127
  -158
  -194
  -234
  -279
  -328
  -381
  -437
  -498
  -562
  -630
  -700
  -774
  -851
  -931
  -1,015
  -1,101
  -1,191
  -1,284
  -1,381
  -1,481
  -1,584
  -1,692
  -1,804
  -1,920
  -2,041
  -2,167
  -2,297
  -2,433
  -2,575
Free cash flow, $m
  111
  -7
  -4
  1
  9
  22
  38
  59
  84
  115
  151
  186
  231
  282
  337
  397
  462
  530
  603
  680
  760
  845
  933
  1,024
  1,120
  1,219
  1,323
  1,430
  1,541
  1,656
  1,776
Issuance/(repayment) of debt, $m
  -19
  163
  197
  233
  271
  311
  351
  392
  433
  474
  513
  552
  590
  628
  664
  700
  735
  769
  804
  838
  873
  909
  945
  982
  1,021
  1,061
  1,102
  1,146
  1,192
  1,240
  1,290
Issuance/(repurchase) of shares, $m
  -63
  47
  49
  48
  44
  37
  26
  10
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash from financing (excl. dividends), $m  
  -94
  210
  246
  281
  315
  348
  377
  402
  433
  474
  513
  552
  590
  628
  664
  700
  735
  769
  804
  838
  873
  909
  945
  982
  1,021
  1,061
  1,102
  1,146
  1,192
  1,240
  1,290
Total cash flow (excl. dividends), $m
  16
  204
  241
  282
  325
  369
  415
  461
  517
  589
  664
  738
  822
  910
  1,001
  1,097
  1,196
  1,299
  1,407
  1,518
  1,633
  1,753
  1,878
  2,007
  2,141
  2,280
  2,425
  2,575
  2,732
  2,896
  3,066
Retained Cash Flow (-), $m
  -35
  -123
  -148
  -176
  -205
  -234
  -265
  -296
  -327
  -357
  -387
  -417
  -445
  -473
  -501
  -528
  -554
  -580
  -606
  -632
  -659
  -685
  -713
  -741
  -770
  -800
  -832
  -864
  -899
  -935
  -973
Prev. year cash balance distribution, $m
 
  353
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash flow adjustment, $m
 
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash available for distribution, $m
 
  434
  93
  106
  120
  135
  150
  165
  191
  231
  277
  321
  376
  436
  500
  569
  642
  719
  800
  885
  975
  1,068
  1,165
  1,266
  1,371
  1,480
  1,593
  1,711
  1,833
  1,960
  2,093
Discount rate, %
 
  4.30
  4.52
  4.74
  4.98
  5.23
  5.49
  5.76
  6.05
  6.35
  6.67
  7.00
  7.35
  7.72
  8.11
  8.51
  8.94
  9.39
  9.86
  10.35
  10.87
  11.41
  11.98
  12.58
  13.21
  13.87
  14.56
  15.29
  16.05
  16.86
  17.70
PV of cash for distribution, $m
 
  416
  85
  93
  99
  105
  109
  111
  119
  133
  145
  153
  161
  166
  168
  167
  163
  156
  147
  136
  124
  110
  97
  83
  70
  58
  46
  37
  28
  21
  16
Current shareholders' claim on cash, %
  100
  93.4
  88.4
  84.8
  82.2
  80.5
  79.6
  79.3
  79.3
  79.3
  79.3
  79.3
  79.3
  79.3
  79.3
  79.3
  79.3
  79.3
  79.3
  79.3
  79.3
  79.3
  79.3
  79.3
  79.3
  79.3
  79.3
  79.3
  79.3
  79.3
  79.3

Synaptics Incorporated is engaged in the development, marketing and sale of intuitive human interface solutions for electronic devices and products. The Company is a developer and supplier of custom-designed human interface product solutions that enable people to interact with a range of mobile computing, communications, entertainment and other electronic devices. Its products include ClearPad, ClearView, TouchView, Natural ID, TouchPad, SecurePad, ClickPad and ForcePad. Its other product solutions include dual pointing solutions, TouchStyk, and TouchButtons. Its dual pointing solutions offer TouchPad with a pointing stick in a single notebook computer, enabling users to select their interface of choice. TouchStyk is a self-contained pointing stick module that uses capacitive technology similar to that used in its TouchPad. TouchButtons provide capacitive buttons and scrolling controls for an interface solution designed to replace mechanical buttons.

FINANCIAL RATIOS  of  Synaptics (SYNA)

Valuation Ratios
P/E Ratio 26.1
Price to Sales 0.7
Price to Book 1.7
Price to Tangible Book
Price to Cash Flow 8.3
Price to Free Cash Flow 10.5
Growth Rates
Sales Growth Rate 3.1%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate -6.1%
Cap. Spend. - 3 Yr. Gr. Rate -4.5%
Financial Strength
Quick Ratio 25
Current Ratio 0
LT Debt to Equity 27.3%
Total Debt to Equity 29.3%
Interest Coverage 0
Management Effectiveness
Return On Assets 3.8%
Ret/ On Assets - 3 Yr. Avg. 5.9%
Return On Total Capital 5.2%
Ret/ On T. Cap. - 3 Yr. Avg. 8.4%
Return On Equity 6.8%
Return On Equity - 3 Yr. Avg. 10.4%
Asset Turnover 1.3
Profitability Ratios
Gross Margin 30.5%
Gross Margin - 3 Yr. Avg. 33.1%
EBITDA Margin 8.9%
EBITDA Margin - 3 Yr. Avg. 11.9%
Operating Margin 3.8%
Oper. Margin - 3 Yr. Avg. 6%
Pre-Tax Margin 3.6%
Pre-Tax Margin - 3 Yr. Avg. 5.8%
Net Profit Margin 2.9%
Net Profit Margin - 3 Yr. Avg. 4.5%
Effective Tax Rate 19.7%
Eff/ Tax Rate - 3 Yr. Avg. 18.7%
Payout Ratio 0%

SYNA stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the SYNA stock intrinsic value calculation we used $1718 million for the last fiscal year's total revenue generated by Synaptics. The default revenue input number comes from 2017 income statement of Synaptics. You may change it if you feel that it should be adjusted for some unusual circumstances that are not expected to be repeated in the future or if you already know (from interim financial statements, for example) that this year's revenue is going to be quite different.

Revenue growth rate. Forecasted future revenue growth rate is the most important input parameter for the intrinsic value calculation. Unlike other input parameters that are reasonably expected to be in line with their historic averages or their historic trends, the revenue growth rate by and large is a wild card: nobody really knows what the company's revenue will be in the future. Of course, the level of unpredictability is different for different industries (utility companies being the most predictable and, thus, less risky).
    We use three input parameters to forecast the revenue growth rate in our SYNA stock valuation model: a) initial revenue growth rate of 31.8% whose default value is the revenue growth rate in the most recent quarter compared to the quarterly revenue a year ago; b) terminal revenue growth rate of 5% whose default value is chosen to be close to the average nominal (i.e. not adjusted for inflation) GDP growth rate; and c) revenue decline factor of 0.9, which stipulates that revenue growth rate in each forecasted year will be equal to the difference of the revenue growth rate in the preceding year and the terminal revenue growth rate multiplied by this revenue decline factor (with the passage of time the revenue growth rate will be approaching the terminal revenue growth rate, but not quite reaching it - though the difference could be infinitesimally small).
    At the revenue decline factor of 1, the future revenue growth rate is forecasted to be constant and equal to the initial revenue growth rate. The smaller the revenue decline factor, the faster the revenue growth rate will approach the terminal revenue growth.

Discount rate. The discount rate is used for determining the present value of future cash flows: future cash flows are "discounted" as at normal conditions (that translate into positive expected return on investment) one dollar today is worth more than the same dollar in the future. Unlike all other valuation models, we use variable discount rate, i.e. it increases for each consecutive year. This is done to account for higher risk of cash flows coming in further in the future.
    The initial discount rate of 4.3%, whose default value for SYNA is calculated based on our internal credit rating of Synaptics, is applied to the cash flow expected to be received a year from now (well, actually, to be precise, in the financial year following the base year - the last year for which we have financial statements). For each consecutive year the discount rate is multiplied by the discount rate multiplier of 1.05, e.i. each year it increases by 5%. Feel free to change this number to correspond to your level of risk assessment of Synaptics.
    By the way, it is easy to set the discount rate to be constant (this would make comparison with other valuation models easier): just set the discount rate multiplier equal to 1 and chose the magnitude of the initial discount rate to your liking.

Variable cost ratio is the ratio of variable costs (i.e. costs that fluctuate with fluctuation of the volume of production) to the revenue expressed as a percentage. In the calculation of intrinsic value of SYNA stock the variable cost ratio is equal to 95.4%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $0 million in the base year in the intrinsic value calculation for SYNA stock. These expenses increase with the level of inflation in subsequent years.

Interest rate on debt is the average all-in rate of interest paid by the company on its debt. It is set at 3.5% for Synaptics.

Corporate tax rate of 27% is the nominal tax rate for Synaptics. In reality, companies find ways to pay much less taxes than that or not to pay them at all.

Cash flow adjustment could be used for any adjustment the investor deems necessary. Most commonly we use this field to account for stock options-related effects in excess of what is reported on the company's income statement. The cash flow adjustment is expressed as a percentage of the revenue, and in the current valuation of the SYNA stock is equal to 0%.

Production assets are the company's assets used for manufacturing products or provision of services. In the valuation model input table they are expressed as a percentage of revenue and for SYNA are equal to 14.2%.

Life of production assets of 4.9 years is the average useful life of capital assets used in Synaptics operations. It is used to calculate yearly capital expenditures needed to keep these assets in good order - we call it the maintenance CAPEX.

Working capital is the difference between the company's current assets and liabilities. In the model we use the ratio of working capital to revenue, which for SYNA is equal to 7.5%. A negative number means that the company is apt at using financial resources of its suppliers and customers; a large positive number, on the other hand, means that it either provides in-kind financing to others or is not good at managing its inventories.

Book value of equity - $740 million for Synaptics - is used in calculation of the "floor" for intrinsic valuation based on the discounted cash flow (DCF) method. Even if the prospects are very bad for a company, its assets could always be sold now for their current fair market value.

Shares outstanding of 34.218 million for Synaptics is needed to calculate the intrinsic value of one share.

Market capitalization is used here only for reference purposes and as a quick check that the share price and the number of shares outstanding numbers are correct - something especially to be cognizant about at stock splits. So, the market capitalization of Synaptics at the current share price and the inputted number of shares is $1.3 billion.

RELATED COMPANIES Price Int.Val. Rating
HPQ HP 21.96 23.14  hold
QCOM Qualcomm 52.29 50.08  hold
LOGI Logitech Inter 36.61 53.31  str.buy
CY Cypress Semico 15.61 0.34  str.sell
MSFT Microsoft 77.91 60.76  hold

COMPANY NEWS

▶ Keep a Finger in Smartphone Sensors   [Oct-03-17 04:00PM  Bloomberg]
▶ Better Buy: Synaptics vs. Cypress Semiconductor   [Sep-29-17 08:33PM  Motley Fool]
▶ Dolby, Universal Display Boosted By New Apple iPhones   [Sep-13-17 05:00PM  Investor's Business Daily]
▶ ETFs with exposure to Synaptics, Inc. : September 9, 2017   [Sep-09-17 01:15AM  Capital Cube]
▶ Why Synaptics Stock Tumbled 21% in August   [Sep-05-17 03:21PM  Motley Fool]
▶ ETFs with exposure to Synaptics, Inc. : August 30, 2017   [Aug-29-17 08:38PM  Capital Cube]
▶ Synaptics: Cramer's Top Takeaways   [06:45AM  TheStreet.com]
▶ Is Synaptics 26% Drop an Opportunity or a Red Flag?   [Aug-21-17 07:41PM  Motley Fool]
▶ Synaptics Drops 15%: Q1 View Misses on Mobile Shortfall   [Aug-03-17 05:40PM  Barrons.com]
▶ Synaptics Closes Acquisition of Conexant Systems   [Jul-26-17 04:05PM  GlobeNewswire]
▶ Will These Deals Boost Synaptics' Growth?   [Jul-08-17 09:04PM  Motley Fool]
▶ China Firm To Beat Apple, Samsung To Market With This New Feature   [Jun-26-17 04:07PM  Investor's Business Daily]
▶ [$$] Synaptics Deal Lets Marvell Focus   [Jun-15-17 03:06PM  Barrons.com]
▶ Amazon Alexa partner Conexant to be sold for $300 million   [Jun-14-17 03:50PM  American City Business Journals]
▶ San Jose-based Apple supplier buys 2 businesses for $438M   [Jun-12-17 07:03PM  American City Business Journals]
▶ ETFs with exposure to Synaptics, Inc. : June 9, 2017   [Jun-09-17 01:58PM  Capital Cube]
▶ Synaptics Regains Its Footing   [Jun-05-17 07:00AM  Morningstar]
▶ ETFs with exposure to Synaptics, Inc. : May 26, 2017   [May-26-17 01:27PM  Capital Cube]
▶ Synaptics to Present at Upcoming Investor Conferences   [May-16-17 04:15PM  GlobeNewswire]
▶ Is This Synaptics Next Big Opportunity?   [May-13-17 08:53PM  Motley Fool]
▶ 3 Growth Stocks for Ambitious Investors   [May-12-17 08:42AM  Motley Fool]
▶ Qorvo Drops 8%, Regains Ground Amidst China Woes   [May-03-17 04:36PM  Barrons.com]
▶ Paul Wick Likes Qorvo, Synaptics, Dour on Wayfair, Zayo   [May-01-17 12:15PM  Barrons.com]
▶ Synaptics: Is There Any Upside Left?   [Apr-28-17 05:22PM  GuruFocus.com]
▶ Synaptics beats Street 3Q forecasts   [Apr-27-17 04:54PM  Associated Press]
▶ 5 Earnings Short-Squeeze Trades: Under Armour, GoPro & More   [Apr-26-17 05:53AM  TheStreet.com]
▶ Why Apple Is Developing Its Own Chips   [Apr-19-17 01:11PM  Bloomberg Video]
▶ Apple In-Sourcing Hit List To Spare Cirrus, Skyworks: Analyst   [Apr-12-17 04:51PM  Investor's Business Daily]
Financial statements of SYNA
Valuation of Stocks

The paper VALUATION OF STOCKS: The Quest for Intrinsic Value provides a detailed description of our valuation model and discloses the calculation algorithm.

FREE DOWNLOAD
Follow us on:   twitter   twitter   twitter   twitter

VALUATION THEORY       ASSET ALLOCATION

About X-FIN       Site news       Privacy policy       Terms of use       FAQ

Copyright © X-FIN.com 2005-2017. All rigths reserved.