QRVO
QRVO
Semiconductors
★ Quality 17/100Price today
$89.32
what the market pays
Worth
$57.26
calculated cycle value
Price is 56% above its value
charlieapp.co
Price vs Intrinsic Value
The line is the price month by month; the green band marks when it's undervalued (−20% off value). When the price drops in there, the discount is real, not opinion.
How many times the cash flow
Semiconductors · vs 20 peers
You pay 12.8x times this business's cash flow; its sector median is 59x.
34% above what Charlie thinks it's worth (8.4x) — you're overpaying, sector or no sector.
Why does Charlie give it 8.4x?
The multiple is how many times its cash flow the business is worth.
An average business of its kind is worth 59x. This one drops from there:
Shrinks 6% a year. cash flow is contracting; the engine is losing steam.
That's why it's worth 8.4x, less than the 59x average.
Why Overvalued?
The model estimates an intrinsic value of $57.26 per share. Today's price of $89.32 is 36% above the calculated value — the market is paying a premium over what the model sees as fair.
The price is 56% above the calculated value. You're paying more than it's worth.
Buying here lowers your expected return and wipes out the safety margin.
The next reasonable entry zone starts at $54.40.
At what price would buying make sense?
Entry zones
🟢 Undervalued
≤$45.81
-20% off Value
🟡 Discounted
≤$54.40
-5% off Value
🔴 Today
$89.32
-36% Valor
Overvalued
The market prices it too high versus what the business makes. Patience pays off here.
“Time is the friend of the wonderful company, the enemy of the mediocre.”
— Warren Buffett
Model updated · July 2026
The business
Qorvo hace el chip que deja a tu teléfono hablar con la torre celular.
Qorvo fabrica los módulos de radiofrecuencia (RF) que conectan smartphones con las redes móviles: amplifican, filtran y enrutan la señal. Cobra por cada chip vendido a fabricantes de teléfonos, con Apple y Samsung como clientes dominantes. Vende $3.7B al año, casi la mitad de eso pegado a un puñado de móviles.
Diseñar y fabricar filtros RF de alto rendimiento es difícil y exige integración vertical, pero no es un foso profundo. Skyworks, Broadcom y Qualcomm hacen lo mismo, y el cliente puede segundear proveedores cuando quiere. El margen bruto de 46% es decente, no fortaleza.
Revenue history
From $4.7B to $3.7B in 4 years. Sales are shrinking — the engine is losing steam.
Where each $100 of sales goes
Revenue $3.7B · FY2026
Of every $100 in sales, $91 goes to costs and operations; $9 is left as net profit (9% margin).
Catalysts and risks
Diversificación fuera del móvil: defensa, automotriz y conectividad (WiFi 7) para reducir la dependencia de Apple.
Más contenido RF por teléfono con cada ciclo 5G, que sube el precio por unidad.
Recompras agresivas: con $0.7B de flujo libre pueden encoger las acciones si el precio sigue castigado.
Concentración brutal en Apple: perder diseños en un modelo golpea el ingreso de golpe.
El mercado de smartphones no crece; el ingreso cae ~6% al año.
Exposición a China y a fabricantes asiáticos, sujeta a aranceles y política.
Charlie's note
“8.4 veces flujo de caja por un negocio que encoge 6% al año y baila al ritmo de un solo cliente gigante. El múltiplo bajo compensa la mediocridad, pero mediocridad con margen decente sigue siendo mediocridad.”
Analysis · July 2026
So when would be a good price for QRVO?
By our calculation, not yet. We will email you the day it drops to $54.40 — so you do not have to keep checking.
🔔 Email meFree · no card
Charlie informs, it doesn't advise. No information should be taken as a recommendation to buy or sell.