$1.2 B

MTSI Mkt cap, 18-Mar-2019

$150.7 M

MACOM Revenue Q1, 2019
MACOM Gross profit (Q1, 2019)76.6 M
MACOM Gross profit margin (Q1, 2019), %50.8%
MACOM Net income (Q1, 2019)-23.4 M
MACOM EBIT (Q1, 2019)-14.4 M
MACOM Cash, 28-Dec-201887.1 M
MACOM EV1.9 B

MACOM Revenue

MACOM revenue was $570.40 m in FY, 2018 which is a 18.4% year over year decrease from the previous period.

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MACOM Revenue Breakdown

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MACOM revenue breakdown by geographic segment: 14.0% from Asia Pacific, excluding China, 28.0% from China, 10.2% from Other Countries and 47.9% from United States

MACOM Income Statement

Annual

USDFY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Revenue

418.7m420.6m544.3m698.8m570.4m

Revenue growth, %

31%0%29%28%(18%)

Cost of goods sold

249.7m217.0m262.7m371.9m324.7m

Gross profit

169.0m203.6m281.6m326.9m245.7m

Gross profit Margin, %

40%48%52%47%43%

R&D expense

71.4m82.2m107.7m148.0m177.7m

General and administrative expense

82.6m110.0m145.4m187.9m161.7m

Operating expense total

153.9m193.5m268.4m343.0m352.2m

EBIT

(5.7m)10.1m13.2m(16.1m)(106.5m)

EBIT margin, %

(1%)2%2%(2%)(19%)

Interest expense

12.4m18.4m18.4m28.9m31.3m

Pre tax profit

(18.8m)(15.4m)(21.6m)(49.5m)(155.2m)

Income tax expense

(16.1m)(9.9m)(18.0m)100.9m(21.5m)

Net Income

(15.3m)48.6m1.4m(169.5m)(140.0m)

MACOM Balance Sheet

Annual

USDFY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Cash

173.9m122.3m333.0m130.1m94.7m

Accounts Receivable

75.2m84.0m108.3m136.1m97.4m

Inventories

73.6m79.9m114.9m136.1m122.8m

Current Assets

373.3m384.2m612.9m562.9m458.9m

PP&E

50.4m83.8m99.2m131.0m149.9m

Goodwill

10.8m93.3m120.0m313.8m314.1m

Total Assets

682.2m866.3m1.2b1.6b1.5b

Accounts Payable

29.8m29.3m30.6m47.0m42.0m

Short-term debt

3.5m4.1m7.2m7.7m7.4m

Current Liabilities

85.6m71.5m92.2m117.1m107.0m

Long-term debt

343.2m335.1m576.3m678.7m687.4m

Total Debt

346.7m339.1m583.5m686.4m694.7m

Total Liabilities

453.7m441.7m725.8m859.7m813.8m

Common Stock

48.0k53.0k53.0k64.0k65.0k

Additional Paid-in Capital

377.7m526.0m551.5m1.0b1.1b

Retained Earnings

(147.5m)(98.9m)(97.5m)(267.0m)(408.0m)

Total Equity

228.6m424.5m462.8m777.4m668.7m

EPS

(0.3)1.00.0(2.8)(2.6)

Debt to Equity Ratio

1.5 x0.8 x1.3 x0.9 x1 x

Debt to Assets Ratio

0.5 x0.4 x0.5 x0.4 x0.5 x

Financial Leverage

3 x2 x2.6 x2.1 x2.2 x

Quarterly

USDQ1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019

Cash

48.3m74.0m80.7m47.8m58.2m66.8m353.9m112.6m167.6m152.1m162.7m85.3m87.1m

Accounts Receivable

79.5m89.4m89.7m92.5m91.6m92.0m112.2m127.7m129.8m97.1m107.1m101.3m109.7m

Inventories

89.2m84.1m84.4m101.0m107.0m117.1m115.2m139.6m120.3m143.1m143.9m122.9m120.9m

Current Assets

278.8m308.7m309.2m329.4m308.0m328.1m641.8m480.2m569.9m481.2m475.2m454.4m459.4m

PP&E

59.4m65.4m80.2m94.4m99.6m100.5m101.8m118.5m121.4m132.0m138.5m139.4m148.9m

Goodwill

95.8m96.3m98.8m114.6m117.8m117.8m118.1m309.9m313.7m316.2m317.1m314.4m314.3m

Total Assets

777.3m800.2m806.7m898.4m900.4m913.2m1.2b1.6b1.6b1.6b1.6b1.5b1.5b

Accounts Payable

32.6m29.9m27.6m32.8m30.0m30.5m31.7m34.1m31.3m25.8m29.2m29.4m32.6m

Short-term debt

3.5m3.5m3.5m4.5m4.5m4.5m7.1m7.0m8.0m7.7m7.7m7.4m8.0m

Current Liabilities

71.9m68.2m65.7m80.8m82.8m78.1m87.1m106.1m101.6m84.5m88.6m91.5m93.2m

Long-term debt

442.4m341.6m340.8m342.2m341.4m340.6m587.1m586.2m677.4m679.9m683.5m685.8m687.4m

Total Debt

445.9m345.1m344.3m348.2m345.9m345.1m594.2m593.3m685.3m687.5m691.2m693.2m695.4m

Total Liabilities

550.3m450.6m445.9m479.8m486.4m466.5m733.7m755.6m853.5m813.5m802.9m806.7m800.6m

Common Stock

48.0k53.0k53.0k53.0k53.0k54.0k54.0k64.0k64.0k64.0k65.0k65.0k65.0k

Additional Paid-in Capital

382.3m512.7m516.6m535.9m536.2m540.8m562.3m1.0b1.0b1.1b1.1b1.1b1.1b

Retained Earnings

(153.8m)(161.4m)(153.3m)(114.5m)(125.1m)(102.6m)98.5m(228.6m)(256.3m)(290.6m)(306.1m)(391.5m)(431.4m)

Total Equity

227.0m349.7m360.8m418.7m414.0m446.6m463.0m800.1m779.4m767.8m758.3m679.0m657.3m

Debt to Equity Ratio

2 x1 x1 x0.8 x0.8 x0.8 x1.3 x0.7 x0.9 x0.9 x0.9 x1 x1.1 x

Debt to Assets Ratio

0.6 x0.4 x0.4 x0.4 x0.4 x0.4 x0.5 x0.4 x0.4 x0.4 x0.4 x0.5 x0.5 x

Financial Leverage

3.4 x2.3 x2.2 x2.1 x2.2 x2 x2.6 x1.9 x2.1 x2.1 x2.1 x2.2 x2.2 x

MACOM Cash Flow

Annual

USDFY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Net Income

(15.3m)48.6m1.4m(169.5m)(140.0m)

Depreciation and Amortization

34.6m54.7m70.6m93.0m112.4m

Accounts Receivable

2.2m(13.0m)(17.2m)(15.8m)38.7m

Inventories

(9.6m)92.0k(24.7m)(4.1m)(2.2m)

Accounts Payable

(7.1m)(1.9m)(1.1m)3.4m(2.6m)

Cash From Operating Activities

25.3m33.7m79.2m61.1m36.3m

Purchases of PP&E

(17.0m)(38.3m)(31.3m)(32.8m)(53.0m)

Cash From Investing Activities

(264.2m)(207.4m)(94.9m)(337.6m)(67.1m)

Short-term Borrowings

(100.0m)

Long-term Borrowings

(44.4m)(5.0m)(14.1m)(5.9m)(7.6m)

Cash From Financing Activities

302.4m122.4m227.4m73.7m(4.5m)

Net Change in Cash

63.4m(51.6m)210.7m(202.9m)(35.4m)

Quarterly

USDQ1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019

Net Income

(6.3m)(13.8m)(5.8m)(15.6m)(26.2m)(3.7m)(965.0k)(131.1m)(158.8m)(22.6m)(38.1m)(123.5m)(23.4m)

Depreciation and Amortization

10.3m24.9m38.7m15.9m34.1m52.6m18.5m40.1m65.8m26.9m54.4m83.7m28.2m

Accounts Receivable

6.6m(3.3m)(7.0m)(1.4m)(203.0k)(558.0k)(4.5m)(10.9m)(12.8m)38.9m29.0m34.8m(12.3m)

Inventories

1.6m3.4m1.4m(3.8m)(13.4m)(25.1m)(1.6m)458.0k8.0m(8.0m)(9.2m)(1.6m)2.0m

Accounts Payable

(3.4m)(5.5m)(7.6m)(266.0k)(2.9m)(2.2m)931.0k(2.2m)(4.7m)(14.4m)(11.4m)(11.0m)(6.9m)

Cash From Operating Activities

2.1m16.0m28.2m15.5m35.1m54.3m20.4m20.8m48.7m534.0k11.2m11.2m2.9m

Purchases of PP&E

(3.0m)(14.0m)(32.5m)(6.2m)(17.0m)(24.1m)(4.9m)(16.3m)(24.5m)(18.8m)(26.6m)(39.4m)(11.5m)

Cash From Investing Activities

(212.5m)(238.8m)(242.1m)(82.7m)(83.9m)(91.2m)(4.0m)(231.7m)(290.4m)20.3m24.4m(53.6m)(12.3m)

Short-term Borrowings

(100.0m)(100.0m)

Long-term Borrowings

(2.0m)(3.0m)(4.0m)(9.6m)(10.9m)(12.2m)(1.8m)(3.6m)(4.0m)(1.9m)(3.8m)(5.7m)(185.0k)

Cash From Financing Activities

99.4m122.9m121.1m(7.1m)(15.1m)(18.0m)5.0m(9.2m)76.6m1.0m(3.4m)(2.4m)1.9m

Net Change in Cash

(125.6m)(99.9m)(93.2m)(74.5m)(64.1m)(55.5m)20.9m(220.4m)(165.4m)22.0m32.6m(44.8m)(7.6m)

MACOM Ratios

USDY, 2018

EV/EBIT

-128.9 x

EV/CFO

638 x

Debt/Equity

1.1 x

Debt/Assets

0.5 x

Financial Leverage

2.2 x
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MACOM Operating Metrics

MACOM's Customers was reported to be 7 k in FY, 2018.
FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Products

3.50 k3.50 k4.50 k5 k5 k

Customers

6 k6 k6.50 k6.50 k7 k

Product Lines

42 40 40 60 60

Design Centers

11 12 17 27 24

Locations

32 32 35 36 33

Patents (US)

380 409 399 763 691

Patents (Foreign)

118 161 141 120 198

Patent Applications

70 102 130 245 299

Patent Applications (US)

45 61 76 129 125
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MACOM Employee Rating

2.9101 votes
Culture & Values
3.6
Work/Life Balance
3.6
Senior Management
3.3
Salary & Benefits
3.3
Career Opportunities
3.5
Source