SYNAPTICS Inc
SYNAdata completeness 100%18 fiscal years on fileData notes: no data for concept 'investmentsAtFairValue'; no data for concept 'netInvestmentIncome'; no data for concept 'gainsOnRealEstateSales'; no data for concept 'realEstateImpairment'; no data for concept 'dividendsPaid'
SYNAPTICS Inc earns about 2% on invested capital, below its ~9% cost of capital, but has diluted owners by 95577296% over 5 years — no moat visible in the numbers. The estimate methods put fair value between $2.27 and $19.31 a share.Whether it’s worth owning at today’s price is the last question — and yours to answer, below.
| Figure | FY 2022 | FY 2023 | FY 2024 | FY 2025 | FY 2026 |
|---|---|---|---|---|---|
| Revenue | $1.74B1 | $1.36B2 | $959.4M3 | $1.07B3 | $1.2B3 |
| Net income | $257.5M4 | $73.6M5 | $125.6M6 | −$47.8M6 | −$490.8M6 |
| Operating cash flow | $462.7M7 | $331.5M8 | $135.9M9 | $142M9 | $149.4M9 |
| Capital expenditure | $31.1M10 | $34.2M11 | $33.8M12 | $25.8M12 | $48M12 |
| Free cash flow (derived) | $431.6M7 | $297.3M8 | $102.1M9 | $116.2M9 | $101.4M9 |
| Total debt | $1.98B13 | $1.97B14 | $1.95B15 | $1.67B16 | $1.67B16 |
| Cash & equivalents | $824M17 | $924.7M18 | $876.9M19 | $391.5M20 | $442.5M20 |
| Diluted shares | 40.7 | 40.2M | 39.7M | 39.3M | 38.9M |
Superscripts are receipts. Each links to the SEC filing the number came from (full list at the bottom).
10 shares is a claim on $238.95 of net worth that earned you −$126.17 and generated $26.07 of cash last year, against $430.49 of debt.
It earned about 2% on invested capital against a ~9% cost of capital — below the cost of funding. The numbers show no moat.
seeing a moat in the numbers →Share count is up 95577296% over 5 years — owners have been diluted. Worth asking what they got for it. Total debt has fallen 15% — deleveraging.
reading capital allocation →Signals, not verdicts — read from the filings above. Numbers don’t prove a moat; they show its footprint. You decide.
The 3 estimate methods that apply put fair value between $2.27 and $19.31 a share. They rest on different assumptions, so where they diverge is the story.
assumptions (10)
- riskFreeRate4.8%
- equityRiskPremium5.0%
- beta100.0%
- equityWeight85.0%
- costOfDebtSpread1.5%
- taxRate21.0%
- terminalGrowth2.5%
- projectionYears10
- fcfGrowth0.0%
- fcfBase$102.1M
assumptions (10)
- riskFreeRate4.8%
- equityRiskPremium5.0%
- beta100.0%
- equityWeight85.0%
- costOfDebtSpread1.5%
- taxRate21.0%
- terminalGrowth2.5%
- projectionYears5
- fcfGrowth0.0%
- fcfBase$102.1M
assumptions (8)
- riskFreeRate4.8%
- equityRiskPremium5.0%
- beta100.0%
- equityWeight85.0%
- costOfDebtSpread1.5%
- taxRate21.0%
- normalizedEarnings$73.6M
- growthAssumed0.0%
Different models answer different questions — which to trust when →
| Bear | 0.0% | $5.01 |
| Base | 0.0% | $5.01 |
| Bull | 5.0% | $13.86 |
Bear/base/bull growth = 0% / filed history / history + 5pp. Type a price to see the return each case implies.
Default growth 0.0%= this company’s own filed history (median-to-median FCF CAGR, clamped 0–20%). Your adjustments are recorded anonymously. They become the “what do owners actually believe” dataset.
- 10-K · period ending 2022-06-25 · accession 0000950170-24-100261 (RevenueFromContractWithCustomerExcludingAssessedTax)
- 10-K · period ending 2023-06-24 · accession 0000817720-25-000073 (RevenueFromContractWithCustomerExcludingAssessedTax)
- 10-K · period ending 2024-06-29 · accession 0000817720-26-000055 (RevenueFromContractWithCustomerExcludingAssessedTax)
- 10-K · period ending 2022-06-25 · accession 0000950170-24-100261 (NetIncomeLoss)
- 10-K · period ending 2023-06-24 · accession 0000817720-25-000073 (NetIncomeLoss)
- 10-K · period ending 2024-06-29 · accession 0000817720-26-000055 (NetIncomeLoss)
- 10-K · period ending 2022-06-25 · accession 0000950170-24-100261 (NetCashProvidedByUsedInOperatingActivities)
- 10-K · period ending 2023-06-24 · accession 0000817720-25-000073 (NetCashProvidedByUsedInOperatingActivities)
- 10-K · period ending 2024-06-29 · accession 0000817720-26-000055 (NetCashProvidedByUsedInOperatingActivities)
- 10-K · period ending 2022-06-25 · accession 0000950170-24-100261 (PaymentsToAcquirePropertyPlantAndEquipment)
- 10-K · period ending 2023-06-24 · accession 0000817720-25-000073 (PaymentsToAcquirePropertyPlantAndEquipment)
- 10-K · period ending 2024-06-29 · accession 0000817720-26-000055 (PaymentsToAcquirePropertyPlantAndEquipment)
- 10-K · period ending 2022-06-25 · accession 0000950170-23-043521 (LongTermDebtNoncurrent)
- 10-K · period ending 2023-06-24 · accession 0000950170-24-100261 (LongTermDebtNoncurrent)
- 10-K · period ending 2024-06-29 · accession 0000817720-25-000073 (LongTermDebtNoncurrent)
- 10-K · period ending 2025-06-28 · accession 0000817720-26-000055 (LongTermDebtNoncurrent)
- 10-K · period ending 2022-06-25 · accession 0000950170-23-043521 (CashAndCashEquivalentsAtCarryingValue)
- 10-K · period ending 2023-06-24 · accession 0000950170-24-100261 (CashAndCashEquivalentsAtCarryingValue)
- 10-K · period ending 2024-06-29 · accession 0000817720-25-000073 (CashAndCashEquivalentsAtCarryingValue)
- 10-K · period ending 2025-06-28 · accession 0000817720-26-000055 (CashAndCashEquivalentsAtCarryingValue)