Company Report
for
Sierra Wireless Inc (SWIR)
11/9/2022
Table of Contents
Business Description and Key Statistics
1
Price, Moving Averages & Volume
1
Price Performance, Technical Indicators & Risk Metrics
2
5-Year Price Performance vs. Russell 1000
2
Growth and Profitability Metrics
3
Valuation Metrics
4
Annual Financials
5
Annual Financial Ratios
7
Interim Financials
8
Interim Financial Ratios
10
Business Segments
11
Debt Details
12
Detailed Business Description
13
Subsidiaries
14
Company History
15
Company Executives
17
ICB Subsector Peer Comparisons
20
Abbreviations & Definitions
21
Legal Disclaimer
22
Copyright © 2022 FTSE Russell
www.ftserussell.com
Sierra Wireless Inc (SWIR)
Telecommunications/Telecommunications Equipment
Price: $28.90
Report Date: November 9, 2022
Business Description and Key Statistics
Sierra Wireless is an Internet of Things (IoT) provider engaged in
providing integrated Device-to-Cloud IoT solutions that are
comprised of its recurring connectivity services, its IoT
embedded cellular modules and routers, its cloud platform, and
its embedded cellular modules and routers. Co. has two
reportable segments: IoT Solutions and Enterprise Solutions.
Co.'s IoT Solutions segment includes its cellular wireless IoT
module solutions, embedded broadband solutions, and IoT
connectivity services. Co.'s Enterprise Solutions segment
includes its range of Sierra Wireless AirLink(R); routers, IoT
applications and advanced network management, managed
network services, and mobility applications.
Website:
www.sierrawireless.com
ICB Industry:
Telecommunications
ICB Subsector:
Telecommunications Equipment
Address:
13811 Wireless Way
Richmond
CAN
Employees:
Current
YTY % Chg
593
25.0
Operating EPS LFY
-1.70
47.8
Market Value ($M)
1,138
Revenue LFY ($M)
Shares Outstanding (000)
38,940
Book Value Per Share
7.22
EBITDA Margin %
2.80
Net Margin %
-4.4
Long-Term Debt / Capital %
16.5
Dividends and Yield TTM
0.00 - 0.00%
Payout Ratio TTM %
0.0
60-Day Average Volume (000)
997
52-Week High & Low
1,007
30.93 - 13.78
Price / 52-Week High & Low
0.95 - 2.12
Price, Moving Averages & Volume
44.2
44.2
40.2
40.2
36.2
36.2
32.2
32.2
28.3
28.3
24.3
24.3
20.3
20.3
16.3
12.3
16.3
12/21
1/22
2/22
3/22
4/22
5/22
6/22
7/22
8/22
9/22
12.3
10/22
Sierra Wireless Inc is currently
trading at $28.90 which is
4.7% below its 50 day moving
average price of $30.31 and
24.2% above its 200 day
moving average price of
$23.27.
SWIR is currently 6.6% below
its 52-week high price of
$30.93 and is 109.7% above
its 52-week low price of
$13.78. Over the past 52weeks, SWIR is up 82.1%
while on a calendar year-todate basis it is up 65.9%.
The Relative Strength Index
(RSI) indicator for SWIR is
currently 32.34. An RSI value
of 70 and above considered
overbought and 30 and below
oversold.
Volume (000)
20,206
20,206
15,155
15,155
10,103
10,103
5,052
5,052
0
Mean (552.58)
12/21
Price
1/22
2/22
3/22
4/22
5/22
6/22
Price (50-Day Simple Moving Average)
Copyright © 2022 FTSE Russell
7/22
8/22
9/22
10/22
0
Price (200-Day Simple Moving Average)
1
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Sierra Wireless Inc (SWIR)
Telecommunications/Telecommunications Equipment
Price: $28.90
Report Date: November 9, 2022
Price Performance, Technical Indicators & Risk Metrics
Price Performance
% Change
Difference
vs Russell 1000 Technical Indicators
0.17
-0.39 50-Day Average Price
30.31
1-Week %
-1.71
-0.77 Price / 50-Day Average
0.96
4-Week %
-4.35
-10.72 200-Day Average Price
23.27
52-Week %
82.12
Quarter-to-Date %
-3.98
102.34 Price / 200-Day Average
RSI - Relative Strength Index
-10.51
Year-to-Date %
65.89
86.48 Risk Metrics
Last Month %
-2.50
-10.41 Price Volatility
0.53
Last Quarter %
30.09
35.08 Sharpe Ratio
0.10
Last Calendar Year %
20.60
-4.16 Sortino Ratio
0.26
1-Day %
1.26
32.34
5-Year Price Performance vs. Russell 1000
Sierra Wireless Inc
Russell 1000 Index
Current: 1.51 CAGR: 8.7%
Current: 1.47 CAGR: 8.0%
1.9
1.9
1.8
1.8
1.6
1.6
SWIR
RUI
1.5
1.5
1.4
1.4
1.2
1.2
1.1
1.1
0.9
0.9
0.8
0.8
0.6
0.6
0.5
0.5
0.3
0.3
0.2
2018
Copyright © 2022 FTSE Russell
2019
2020
2021
2
2022
2023
Over the past five years, Sierra
Wireless Inc's stock price is up
51.3% which is 4.4% above
the Russell 1000 Index
performance of 46.9% over the
same period. Sierra Wireless
Inc's cumulative annualized
growth rate (CAGR) over the
five year period has been
8.7% while that of the Russell
1000 Index has been 8.0%.
Over the past year, Sierra
Wireless Inc's stock price
performance of 82.1% has
outperformed that of the
Russell 1000 Index by
102.3%. On a year-to-date
basis, Sierra Wireless Inc's
stock price performance of
65.9% has outperformed the
Russell 1000 Index by 86.5%.
Over the past week, Sierra
Wireless Inc's stock price
performance of -1.7% has
underperformed that of the
Russell 1000 Index by 0.8%.
0.2
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Sierra Wireless Inc (SWIR)
Telecommunications/Telecommunications Equipment
Price: $28.90
Report Date: November 9, 2022
Growth and Profitability Metrics
Historical Growth
3-Year
5-Year
-8.3
-1.9
-0.3 Gross Margin %
Revenues Per Share %
-10.0
-5.1
EBITDA %
-15.5
-21.1
Operating EPS %
-32.6
-100.0
Free Cash Flow %
-100.0
Cash from Operations %
Book Value %
Revenues %
10-Year Profitability
Current
32.6
32.8
-2.3 EBITDA Margin %
2.8
-0.4
2.0
-7.6 Pre-Tax Margin %
-8.7
-8.9
-5.1
-100.0 Net Margin %
-4.4
-5.3
-1.7
-100.0
-100.0 Return on Equity %
-9.3
-8.5
-2.6
-99.9
-99.9
-99.9 Return on Capital %
-8.3
-7.6
-2.2
-14.1
-10.9
-2.5 Return on Assets %
-4.6
-4.7
-1.3
Current: 593.30 Median: 692.10 High: 793.60 Low: 443.80 CAGR: -3.4%
811
811
683
683
555
555
2018
2019
2020
2021
2022
Current: -0.68 Median: -1.07 High: 0.73 Low: -2.04 CAGR: -0.2%
0.87
0.87
-0.15
-0.15
-1.16
-1.16
2018
2019
2020
2021
2022
Current: -4.38 Median: -5.57 High: 3.46 Low: -14.84 CAGR: -1.0%
-2.3
4.4
-2.3
Mean (-5.30)
-9.0
-15.8
-9.0
2018
2019
2020
2021
2022
Current: -9.30 Median: -9.80 High: 5.70 Low: -20.80 CAGR: -2.1%
7.0
-2.7
-2.7
Mean (-8.48)
-12.4
-22.1
Sierra Wireless Inc's net profit
margin of -4.4% is 0.9%
above the period's mean net
margin of -5.3%. During the
charted period, the observed
net profit margin high and low
were 3.5% and -14.8%
respectively.
-15.8
Return on Equity %
7.0
Sierra Wireless Inc's
cumulative annualized EPS
growth rate over the charted
period is -0.2%. This
compares to EPS growth of
47.8% last fiscal year and
cumulatative annualized
growth of -32.6% over the past
3 years.
-2.18
Net Profit Margin %
4.4
Sierra Wireless Inc's
cumulative annualized revenue
growth rate over the charted
period is -3.4%. This
compares to revenue growth of
25.0% last fiscal year and
cumulatative annualized
growth of -8.3% over the past
3 years.
426
Operating EPS TTM
-2.18
10-Year
Average
32.2
Revenue TTM ($M)
426
5-Year
Average
Sierra Wireless Inc's return on
equity of -9.3% is 0.8% below
the period's mean return on
equity of -8.5%. During the
charted period, the observed
ROE high and low were 5.7%
and -20.8% respectively.
-12.4
2018
Copyright © 2022 FTSE Russell
2019
2020
2021
3
2022
-22.1
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Sierra Wireless Inc (SWIR)
Telecommunications/Telecommunications Equipment
Price: $28.90
Report Date: November 9, 2022
Valuation Metrics
Current
5-Year
Median
99.9
99.0
Price / Sales
1.9
0.8
Price / Book Value
4.1
Free Cash Flow Yield %
0.0
Price / EPS TTM
10-Year
Median
Current
99.0 Enterprise Value / Sales
0.8
0.8
1.0 Enterprise Value / EBITDA
50.0
50.0
23.8
1.4
1.6 Enterprise Value / EBIT
50.0
50.0
50.0
0.0
1.3 Enterprise Value / FCF
50.0
50.0
50.0
Current: 99.90 Median: 99.90 High: 99.90 Low: 19.82 CAGR: 38.4%
103.9
Median (99.90)
74.5
74.5
45.2
45.2
15.8
2018
2019
2020
2021
2022
Current: 1.88 Median: 0.83 High: 1.98 Low: 0.26 CAGR: 15.4%
2.07
2.07
1.44
1.44
Median (0.83)
0.17
2018
0.80
2019
2020
2021
2022
Current: 4.05 Median: 1.40 High: 4.28 Low: 0.49 CAGR: 23.8%
4.5
4.5
3.1
3.1
0.3
1.7
Median (1.40)
2018
2019
2020
2021
2022
Sierra Wireless Inc is trading
at a Price to Sales ratio of 1.88
based on sales generated
during the latest 12 months.
This ratio is above the
historically observed median
ratio of 0.83, while high and
low observations have been
1.98 and 0.26.
0.17
Price / Book Value
1.7
Sierra Wireless Inc is trading
at 99.90 times its EPS
generated during the latest 12
months. This multiple is equal
to the historically observed
median of 99.90, while high
and low observations have
been 99.90 and 19.82.
15.8
Price / Sales
0.80
10-Year
Median
1.8
Price / EPS TTM
103.9
5-Year
Median
Sierra Wireless Inc is trading
at a Price to Book ratio of 4.05
based on book value at the
latest fiscal period end. This
ratio is above the historically
observed median of 1.40,
while high and low
observations have been 4.28
and 0.49.
0.3
Free Cash Flow Yield %
Current: 0.00 Median: 0.00 High: 6.57 Low: 0.00 CAGR: 0.0%
6.9
6.9
4.5
4.5
2.1
2.1
Sierra Wireless Inc has a Free
Cash Flow Yield of 0.00%
based on free cash flow
generated during the latest 12
months. This value is equal to
the historically observed Free
Cash Flow Yield of 0.00%,
while high and low
observations have been 6.57
and 0.00.
Median (0.00)
-0.3
2018
Copyright © 2022 FTSE Russell
2019
2020
2021
4
2022
-0.3
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Sierra Wireless Inc (SWIR)
Telecommunications/Telecommunications Equipment
Price: $28.90
Report Date: November 9, 2022
Summary Annual Financials
Fiscal Year End: December
Income Statement
2021
2020
2019
2018
2017
Total Revenue ($M)
473.2
448.6
713.5
793.6
692.1
Direct Operating Expenses
316.4
289.8
493.5
529.0
457.1
Gross Profit
156.8
158.8
220.0
264.6
234.9
Selling General & Admin Exp
126.1
135.0
140.9
150.2
118.5
68.4
82.0
86.5
93.7
83.4
-79.5
-88.0
-58.0
-16.2
-0.4
Research & Development (Op Exp)
Operating Income ($M)
Interest Expense (Income), Net
Income (Continuing) Before Tax
-88.7
-82.1
-59.6
-23.7
7.3
Income Tax
0.0
-11.9
10.9
0.9
3.1
Net Income
-89.0
-49.3
-70.5
-24.6
4.1
Diluted EPS
-2.40
-1.36
-1.95
-0.68
0.13
Operating EPS
-1.70
-1.45
-1.10
0.13
0.73
37,119
36,393
36,166
36,019
32,893
2021
2020
2019
2018
2017
Cash, Cash Equivalents & Short Term Inv ($M)
76.8
160.6
75.5
89.1
65.0
Accounts & Notes Receivable
66.3
49.6
271.7
284.7
284.1
323.5
294.8
31.1
31.4
39.9
39.8
43.0
Goodwill - Net
31.1
31.4
39.9
39.8
43.0
Total Assets
547.1
601.4
639.3
683.9
689.1
Accounts Payable & Accrued Expenses
177.6
154.1
173.6
184.2
172.4
Shares - Wtd Average - Diluted (000)
Dividends Per Share
Balance Sheet
Total Current Assets
Property, Plant & Equipment - Net
Investments
Debt & Capital Lease Obligations (ST)
0.5
0.2
0.0
0.0
0.0
195.8
172.0
184.2
190.4
177.9
9.4
0.0
0.0
0.0
0.0
Total Liabilities
269.4
245.0
258.0
239.8
222.2
Total Common Equity
277.7
356.4
381.3
444.1
466.9
277.7
356.4
381.3
444.1
466.9
Total Current Liabilities
Debt & Capital Lease Obligations (LT)
Minority Interest (BS)
Preferred Share Capital
Stockholders' Equity
Total Liabilities & Stockholders' Equity
Shares Outstanding (000)
Cash Flow Statement
Net Income ($M)
Depreciation & Amortization
Working Capital - Change
547.1
601.4
639.3
683.9
689.1
37,775
36,619
36,189
35,948
35,639
2021
2020
2019
2018
2017
-89.0
-49.3
-70.5
-24.6
4.1
28.7
32.3
33.2
39.2
30.5
-53.9
26.3
19.4
13.0
-41.8
-76.5
-7.8
6.9
47.2
-0.9
Cash From Sale of Goods & Services
Cash Paid to Employees & Suppliers
Cash Flows from Operating Activities
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Cash Flow Statement (cont.)
Property, Plant & Equipment - Purchase
2021
2020
2019
2018
2017
-15.1
-19.0
-16.5
-18.2
-14.1
Purchase of Investments
Property, Plant & Equipment - Proceeds
Acquisition & Divestiture of Business - Net
-18.7
0.1
0.3
0.1
0.1
0.0
-0.3
122.3
0.5
5.0
-3.1
-20.2
100.6
-16.4
-16.0
-37.6
9.9
0.0
-5.4
-0.8
-0.2
-3.3
2.9
3.4
-2.8
-1.7
-5.9
-0.3
171.4
79.1
89.3
65.2
102.8
76.9
171.4
79.1
89.3
65.2
Disposal of Investments
Cash Flows from Investing Activities
3.3
Short Term Borrowings - Change
Net Change in Long Term Debt & Capital Sec
Net Change in Equity
Payment of Dividends
Cash Flows from Financing Activities
Effect of Exch Rate on Cash & Cash Equiv
Cash & Cash Equivalents - Beginning
Cash & Cash Equivalents - End
Copyright © 2022 FTSE Russell
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Sierra Wireless Inc (SWIR)
Telecommunications/Telecommunications Equipment
Price: $28.90
Report Date: November 9, 2022
Annual Ratios
Fiscal Year End: December
Profitability
Gross Profit %
EBITDA Margin %
2021
2020
2019
2018
2017
33.1
32.2
30.8
33.3
34.0
-5.5
-7.2
0.9
4.3
6.2
Operating Margin %
-11.6
-13.1
-3.7
-0.6
1.8
Tax Rate %
100.0
100.0
100.0
100.0
43.0
Pretax Margin %
-18.8
-13.7
-8.2
-3.0
1.0
Net Profit Margin %
-13.3
-9.9
-5.6
0.6
3.5
Return on Equity %
-20.8
-15.1
-9.8
1.1
5.7
Return on Total Equity
-20.8
-15.1
1.1
6.0
Return on Capital %
-20.4
-15.0
1.1
6.0
Return on Assets %
-11.6
-8.4
0.7
3.9
0.0
0.0
0.0
1.8
2021
2020
2019
2018
2017
Days Inventory (DOH)
95
33
40
35
42
Days Receivable (DSO)
51
34
Interest Coverage
Return on Invested Capital %
Liquidity & Leverage
Days Payable (DP)
-6.0
205
155
128
127
138
Sales / Employee ($ Thou)
450.0
418.0
510.0
557.0
596.0
Net Income / Employee ($ Thou)
-60.0
-41.0
-28.0
3.0
21.0
Capital Expenditures / Sales
3.2
3.7
2.3
2.3
2.0
Asset Turnover
0.9
0.9
1.1
1.2
1.0
Receivable Turnover
7.1
10.8
Inventory Turnover
3.8
11.1
9.1
10.4
8.6
Plant & Equipment Turnover
15.2
17.0
17.9
19.9
16.1
Cash / Total Capital
27.7
45.0
19.8
20.1
13.9
0.7
1.2
Quick Ratio
Current Ratio
1.4
1.7
1.5
1.7
1.7
76.0
113.0
100.0
133.0
117.0
Long Term Debt / Equity %
3.4
0.0
0.0
0.0
0.0
Long Term Debt / Capital %
3.3
0.0
0.0
0.0
0.0
Total Debt / Common Equity %
3.3
0.0
0.0
0.0
0.0
Total Debt / Total Capital %
3.5
0.0
0.0
0.0
0.0
Long Term Debt / Market Value %
1.5
1.7
0.0
0.0
0.0
Total Debt / Assets %
1.8
0.0
0.0
0.0
0.0
2021
2020
2019
2018
2017
-7.0
44.0
54.0
Net Working Capital
Cash Flow
Operating Cash Flow TTM
-34.0
Operating Cash Flow Per Share TTM
-0.93
-0.58
-0.18
1.22
1.67
Free Cash Flow Per Share TTM
-2.47
-0.63
-0.27
0.81
-0.46
Cash Realization Ratio
1.21
0.06
-0.17
9.75
-0.04
Asset Replacement Ratio
52.7
61.6
49.7
46.4
46.2
Cash Dividend Coverage
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Sierra Wireless Inc (SWIR)
Telecommunications/Telecommunications Equipment
Price: $28.90
Report Date: November 9, 2022
Summary Interim Financials
Fiscal Year End: December
Income Statement
06/2022
03/2022
12/2021
09/2021
06/2021
Total Revenue ($M)
188.0
173.0
149.9
82.5
132.8
Direct Operating Expenses
124.8
117.9
101.2
58.3
86.6
Gross Profit
63.2
55.1
48.7
24.1
46.2
Selling General & Admin Exp
29.8
28.1
28.7
29.0
32.5
Research & Development (Op Exp)
17.3
18.3
17.8
16.2
16.9
Operating Income ($M)
9.4
-9.5
-9.9
-37.3
-9.3
Interest Expense (Income), Net
0.7
1.0
0.0
0.1
Income (Continuing) Before Tax
12.6
-12.9
-11.0
-40.3
-9.4
Income Tax
1.7
1.0
0.8
-1.9
0.6
Net Income
11.7
-12.7
-11.3
-37.9
-10.0
Diluted EPS
0.30
-0.33
-0.30
-1.02
-0.27
Operating EPS
0.21
-0.04
-0.10
-0.75
-0.18
39,079
37,974
37,541
37,196
36,992
0.00
0.00
0.00
0.00
06/2022
03/2022
12/2021
09/2021
06/2021
Cash, Cash Equivalents & Short Term Inv ($M)
127.3
95.6
76.8
72.3
113.7
Accounts & Notes Receivable
104.4
88.1
66.3
52.5
75.0
Total Current Assets
376.5
343.4
271.7
225.2
264.8
25.8
23.2
31.1
31.9
33.0
Goodwill - Net
147.6
155.0
167.4
169.6
172.2
Total Assets
600.4
578.9
547.1
509.1
568.8
Accounts Payable & Accrued Expenses
140.0
133.8
177.6
100.5
125.2
Shares - Wtd Average - Diluted (000)
Dividends Per Share
Balance Sheet
Property, Plant & Equipment - Net
Investments
Debt & Capital Lease Obligations (ST)
1.0
0.8
0.5
0.3
0.1
206.3
192.4
195.8
148.7
176.3
55.5
56.7
9.4
9.7
0.1
Total Liabilities
319.2
310.4
269.4
223.7
246.6
Total Common Equity
281.3
268.5
277.7
285.5
322.2
281.3
268.5
277.7
285.5
322.2
Total Current Liabilities
Debt & Capital Lease Obligations (LT)
Minority Interest (BS)
Preferred Share Capital
Stockholders' Equity
Total Liabilities & Stockholders' Equity
Shares Outstanding (000)
Cash Flow Statement
Net Income ($M)
Depreciation & Amortization
Working Capital - Change
600.4
578.9
547.1
509.1
568.8
38,940
38,323
37,775
37,238
37,164
06/2022
03/2022
12/2021
09/2021
06/2021
11.7
-12.7
-11.3
-37.9
-10.0
4.7
6.7
6.9
7.2
7.3
-15.8
-33.8
4.2
-31.4
14.8
2.6
-23.7
7.0
-48.4
15.3
Cash From Sale of Goods & Services
Cash Paid to Employees & Suppliers
Cash Flows from Operating Activities
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Cash Flow Statement (cont.)
Property, Plant & Equipment - Purchase
06/2022
03/2022
12/2021
09/2021
06/2021
-5.3
-2.4
-3.3
-3.2
-4.0
0.0
0.0
0.0
0.1
0.0
0.0
0.0
-0.3
-6.8
Purchase of Investments
Property, Plant & Equipment - Proceeds
Acquisition & Divestiture of Business - Net
35.0
Disposal of Investments
Cash Flows from Investing Activities
29.5
-3.1
-4.1
-4.3
0.0
45.8
0.0
9.9
-0.8
0.9
-1.9
0.4
-2.7
Cash Flows from Financing Activities
-0.8
46.7
-1.8
10.2
-2.9
Effect of Exch Rate on Cash & Cash Equiv
-1.3
0.8
0.2
-0.4
0.7
97.4
76.9
75.5
118.5
112.2
127.4
97.4
76.9
75.5
118.5
Short Term Borrowings - Change
Net Change in Long Term Debt & Capital Sec
Net Change in Equity
Payment of Dividends
Cash & Cash Equivalents - Beginning
Cash & Cash Equivalents - End
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Sierra Wireless Inc (SWIR)
Telecommunications/Telecommunications Equipment
Price: $28.90
Report Date: November 9, 2022
Interim Ratios
Fiscal Year End: December
Profitability
Gross Profit %
EBITDA Margin %
Operating Margin %
Tax Rate %
Pretax Margin %
06/2022
03/2022
12/2021
09/2021
06/2021
32.2
32.4
33.1
34.1
35.1
2.8
-0.3
-5.5
-9.4
-6.3
-1.5
-5.5
-11.6
-15.9
-12.6
100.0
100.0
100.0
100.0
100.0
-8.7
-13.7
-18.8
-21.8
-15.1
-13.3
-14.8
-11.0
Net Profit Margin %
-4.4
-7.5
Interest Coverage
15.5
-11.5
Return on Equity %
-9.3
-14.0
-20.8
-20.4
-15.5
Return on Total Equity
-9.3
-13.9
-20.8
-20.4
-15.5
Return on Capital %
-8.3
-13.0
-20.4
-20.2
-15.4
Return on Assets %
-4.6
-7.3
-11.6
-11.8
-8.8
0.0
0.0
0.0
0.0
0.0
06/2022
03/2022
12/2021
09/2021
06/2021
Days Inventory (DOH)
84
89
95
89
56
Days Receivable (DSO)
64
60
51
43
58
Return on Invested Capital %
Liquidity & Leverage
Days Payable (DP)
127
134
205
125
148
Sales / Employee ($ Thou)
589.0
534.0
450.0
422.0
452.0
Net Income / Employee ($ Thou)
-26.0
-40.0
-60.0
-63.0
-50.0
Capital Expenditures / Sales
2.4
2.4
3.2
4.2
3.8
Asset Turnover
1.0
0.9
0.9
0.9
0.8
Receivable Turnover
5.7
6.1
7.1
8.5
6.3
Inventory Turnover
4.4
4.1
3.8
4.1
6.6
Plant & Equipment Turnover
23.0
23.2
15.2
13.9
14.4
Cash / Total Capital
45.3
35.6
27.7
25.3
35.3
1.1
1.0
0.7
0.8
1.1
Quick Ratio
Current Ratio
1.8
1.8
1.4
1.5
1.5
170.0
151.0
76.0
77.0
88.0
Long Term Debt / Equity %
19.7
21.1
3.4
3.4
0.0
Long Term Debt / Capital %
16.5
17.4
3.3
3.3
0.0
Total Debt / Common Equity %
20.3
19.9
3.3
3.1
0.0
Total Debt / Total Capital %
16.8
17.7
3.5
3.4
0.0
Long Term Debt / Market Value %
6.6
1.4
1.5
0.0
0.0
Total Debt / Assets %
9.4
9.9
1.8
2.0
0.0
06/2022
03/2022
12/2021
09/2021
06/2021
0.0
-12.0
-34.0
-37.0
-22.0
Operating Cash Flow Per Share TTM
-0.01
-0.32
-0.93
-1.01
-0.61
Free Cash Flow Per Share TTM
-2.02
-1.68
-2.47
-2.76
-1.64
Cash Realization Ratio
2.42
1.24
1.21
1.26
0.81
Asset Replacement Ratio
55.5
45.8
52.7
64.8
59.9
Net Working Capital
Cash Flow Statement
Operating Cash Flow TTM
Cash Dividend Coverage
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Sierra Wireless Inc (SWIR)
Telecommunications/Telecommunications Equipment
Price: $28.90
Report Date: November 9, 2022
Business Segments
Fiscal Year End: December
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Sierra Wireless Inc (SWIR)
Telecommunications/Telecommunications Equipment
Price: $28.90
Report Date: November 9, 2022
Debt Details
Dec. 31, 2021, US$9,937,000 (including current portion of US$494,000) comprised of:
-- 01 -- US$9,888,000 long-term debt.
-- 02 -- US$49,000 finance lease liabilities.
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Sierra Wireless Inc (SWIR)
Telecommunications/Telecommunications Equipment
Price: $28.90
Report Date: November 9, 2022
Detailed Business Description
Website: www.sierrawireless.com
Number of Employees: 1,007
Sierra Wireless is an Internet of Things (IoT) provider engaged in providing integrated Device-to-Cloud IoT solutions that are comprised
of its recurring connectivity services, its IoT embedded cellular modules and routers, its cloud platform, and its embedded cellular
modules and routers.
Co. has two reportable segments: IoT Solutions and Enterprise Solutions.
IoT Solutions
Co.'s IoT Solutions segment includes its cellular wireless IoT module solutions, embedded broadband solutions, and IoT connectivity
services.
Co.'s portfolio of cellular wireless IoT modules provide OEMs with fifth generation (5G), fourth generation (4G) Long-Term Evolution
(LTE), third generation/second generation (3G/2G), Low Power Wide Area (LPWA), Wi-Fi, Bluetooth and Global Navigation Satellite
System connectivity with solutions that accelerate product development and deployment. This portfolio of IoT modules features built-in
edge-to-cloud connectivity and both cloud and industrial APIs. These and other features enable OEMs to simplify product development,
integration, and deployment. All Co.'s modules feature built-in security.
Co.'s embedded broadband solutions are comprised of its industrial-grade modules that provide speed, bandwidth, and network
performance for connecting to the 5G and 4G networks. These modules are typically used in non-industrial applications, namely mobile
computing, and enterprise networking.
Co. also provides IoT connectivity services that help customers simplify their IoT journey, whether their machines or other connected
assets are regionally located or globally dispersed. Co.'s Enhanced Carrier Connectivity service optimizes and simplifies North
American deployments, with multi-carrier options for IoT deployments in the U.S., Canada, and Mexico and a single point of
accountability for connectivity management. Both services utilize Sierra Wireless' 24/7/365 Global Network Operation Center based in
Atlanta, GA and its partnerships with more than 650 networks in more than 190 countries.
Enterprise Solutions
Co.'s Enterprise Solutions segment includes its range of Sierra Wireless AirLink® routers, IoT applications and advanced network
management, managed network services, and mobility applications. These secure 4G, LTE, and 5G new radio networking solutions
support mission critical applications in key industries such as retail, financial services, field service, smart grid/ smart metering, oil and
gas, transportation, and public safety. Co. has a range of cellular routers complemented by its cloud-based services and software for
secure management.
Co. has launched its 5G router portfolio, the XR Series. The first two routers in the XR Series, the XR90 and the XR80, enable
customers to utilize the speeds and lower latency of 5G, required for real-time video streaming and voice communications in missioncritical environments and business-critical 5G applications.
Co.'s router solutions address a range of market applications within the mobility, industrial, and enterprise market segments.
Co. provides asset, fleet, and cargo tracking; offender and remote monitoring; and alarm communications. These solutions and services
also benefit from Co.'s IoT cloud platform services, which customers can use to help connect devices to mobile networks, manage their
devices and build new IoT applications.
Co. also provides a cloud platform that includes reporting and analytics. Co.'s AirLink® cellular routers are integrated with its AirLink®
management service.
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Sierra Wireless Inc (SWIR)
Telecommunications/Telecommunications Equipment
Price: $28.90
Report Date: November 9, 2022
Subsidiaries
Subsidiary
Percent Owned
Sierra Wireless America, Inc.
Sierra Wireless Hong Kong Limited
Sierra Wireless S.A.
Sierra Wireless Sweden AB
Copyright © 2022 FTSE Russell
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100
100
100
14
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United States
Hong Kong
France
Sweden
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Sierra Wireless Inc (SWIR)
Telecommunications/Telecommunications Equipment
Price: $28.90
Report Date: November 9, 2022
Company History
12/15/2020
On Dec. 15, 2020, Co. completed the acquisition of M2M One NZ Ltd (M2M New Zealand). Total purchase consideration for the
acquisition of M2M New Zealand was US$3,686,000.
11/18/2020
On Nov. 18, 2020, Co. completed the sale of substantially all of the assets and operations related to its Shenzhen, China-based
automotive embedded module product line to Rolling Wireless (H.K.) Limited for total gross proceeds of US$165,000,000 in cash.
11/18/2020
On Nov. 18, 2020, Co. completed the sale of substantially all of the assets and operations related to its Shenzhen, China-based
automotive embedded module product line (Automotive Business) to Rolling Wireless (H.K.) Limited for total gross proceeds of
$165,000,000 in cash.
1/7/2020
On Jan. 7, 2020, Co. completed the acquisition of M2M group of companies (M2M Group) in Australia. Total cash consideration paid
to the shareholders of M2M Group was US$19,600,000 for 100% of the equity plus approximately US$1,400,000 for the retirement
of certain obligations, subject to normal working capital adjustments.
12/31/2018
On Dec. 31, 2018, Co. completed the sale of substantially all of the assets and liabilities of its remote tank monitoring business for
total proceeds of US$6,000,000.
12/7/2017
On Dec. 7, 2017, Co.'s wholly-owned subsidiary, Wireless Acquisition Sub, Inc. ("Merger Sub"), merged with and into Numerex Corp.
("Numerex"), with Numerex continuing as the surviving corporation and became a wholly-owned subsidiary of Co. As the result of
the merger, each share of Class A Common Stock, no par value, of Numerex (the "Numerex Common Stock") issued and
outstanding immediately prior to the Effective Time (other than shares of Numerex Common Stock owned directly by Co., Numerex
or any of their respective subsidiaries (collectively, the "Excluded Shares")) was converted into the right to receive 0.1800 common
shares, no par value, of Co. (the "Merger Consideration"). Additionally, (i) each outstanding restricted stock unit (whether vested or
unvested) of Numerex was cancelled in exchange for the right to receive the Merger Consideration in accordance with the terms of
the Merger Agreement and (ii) each in-the-money option and in-the-money stock appreciation right of Numerex became fully vested
and was cancelled in exchange for the right to receive a number of Co. common shares for each such Numerex option and stockappreciation right determined by dividing (a) the excess of (x) 0.1800 multiplied by the volume weighted average price of a Co.
common share on the Nasdaq Global Market for the five (5) trading days ending on the last trading day prior to the Closing Date
minus (y) the per-share exercise price for the Common Stock that would have been issuable upon exercise of such in-the-money
option or in-the-money stock appreciation right by (b) the volume-weighted average price of a Co. common share on the Nasdaq
Global Market for the five (5) trading days ending on the Closing Date and rounding to the nearest ten-thousandth of a share.
Subject to certain exceptions specified in the Merger Agreement, each outstanding warrant issued by Numerex (with the exception
of the HCP-FVF Warrant), if exercised, was cancelled in exchange for the right to receive the Merger Consideration or, if not
exercised, was otherwise cancelled at the Effective Time. As the result, Co. issued 3,588,784 common shares as consideration for
the Merger (including Numerex stock options, other equity-based awards and warrants).
3/31/2017
On Mar. 31, 2017, Co. completed the acquisition of substantially all of the assets of the Global Navigation Satellite System
embedded module business of GlobalTop Technology Inc. for total cash consideration of US$3,100,000.
4/2/2013
On Apr. 2, 2013, Netgear, Inc. acquired select assets and operations of the AirCard business of Co. in exchange for a purchase
price of $138,000,000, plus the assumption of certain liabilities of the AirCard business.
4/29/2009
On Apr. 29, 2009, Co. acquired all of the remaining Wavecom S.A. shares, except for certain shares held by employees that are
subject to a hold period and OCEAN convertible bonds of Wavecom S.A. by way of a squeeze-out for cash consideration of US
$7,752,000.
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2/27/2009
On Feb. 27, 2009, Co. completed the acquisition of 84.32% of the outstanding shares and 99.97% of the outstanding OCEANE
convertible bonds of Wavecom S.A., representing 90.57% of the voting rights of Wavecom S.A, for cash consideration of US
$144,859,000 and US$104,767,000, respectively.
5/25/2007
On May 25, 2007, Co. acquired AirLink Communications, Inc. ("AirLink") for cash consideration of US$11,000,000, plus US
$1,000,000 for customary closing adjustments and issued approximately 1,300,000 shares to the shareholders of AirLink.
3/20/2007
On Mar. 20, 2007, Co. announced that Fujitsu Siemens Computers has selected the new Sierra Wireless MC8780 embedded
module for integration into the newly launched LIFEBOOK P7230 professional notebook.
11/29/2006
On Nov. 29, 2006, Co. and M2M Connectivity have signed an agreement for the distribution of Sierra Wireless 3G embedded
modules in Australia and New Zealand.
11/22/2006
On Nov. 22, 2006, Co launched a new Sierra Wireless PC card on Bouygues' network in France.
11/21/2006
On Nov. 21, 2006, Co. and Orange Business Services announced that the Sierra Wireless AirCard 850 Mobile PC Card is now
available in the United Kingdom.
9/12/2006
On Sept. 12, 2006, Co. and Cingular Wireless announced the availability of a new LaptopConnect card, the AirCard(R) 875, the
most advanced 3G PC Card based upon the GSM global wireless standard.
8/12/2003
On Aug. 12, 2003, Co. acquired 100% of the outstanding securities of AirPrime, Inc. (AirPrime), a privately-held supplier of highspeed CDMA wireless products located in Carlsbad, California. Co. subsequently changed the name of AirPrime to Sierra Wireless
America, Inc. The aggregate purchase price was US$23,825,000 including common shares valued at US$22,377,000 and costs
related to the acquisition of US$1,448,000.
6/22/2000
On June 22, 2000, Co. acquired Code Division Multiple Access module business from Qualcomm Incorporated for US$9,500,000
cash and a payable of US$2,250,000.
1/31/1999
On Jan. 31, 1999, Co. acquired the shares of Airbanc Wireless Solutions Inc. for US$500,000 and 55,555 common shares valued at
US$350,000.
5/31/1993
Incorporated in Canada under the Canada Business Corporations Act on May 31, 1993.
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Sierra Wireless Inc (SWIR)
Telecommunications/Telecommunications Equipment
Price: $28.90
Report Date: November 9, 2022
Company Executives
Officers
Mr. Philip G. Brace
Chief Executive Officer
Age: 51
Philip G. Brace, served as President, Cloud Systems and Silicon Group of Seagate Technology plc to effective October 2, 2017. He also
served as President, Cloud Systems and Electronics Solutions from July 2015. Mr. Brace joined Seagate in September 2014 as
Executive Vice President and Chief Technology Officer of Silicon Solutions, and was promoted to Interim President of Cloud Systems
and Electronics Solutions on April 30, 2015. He was previously employed by LSI Corporation ("LSI") from August 2005 through
September 2014. At LSI, Mr. Brace was the Executive Vice President of the Storage Solutions Group from July 2012 to September
2014, Senior Vice President and General Manager from January 2009 to July 2012, and Senior Vice President of Corporate Planning
and Marketing from August 2005 to January 2009.
Pravinchandra Desale
Senior Vice President
Roy J. MacLean
Senior Vice President
Samuel C. Cochrane
Chief Financial Officer
Jennifer A. Farac
Secretary
Mr. James P. Ryan
Senior Vice President
Age: 67
James P. Ryan, has served as President, Matrix Service Inc., a subsidiary of Matrix Service Company (Matrix), since August 2005. On
February 5, 2018, Mr. Ryan informed Matrix of his intention to retire at the end of fiscal 2018.
”× . Ryan previously served Matrix as Chief Operating Officer from October 2004 to August 2005 and as Vice President of Matrix Service
Inc. from October 1999 to October 2004. Prior to joining Matrix, Mr. Ryan worked for Gibraltar Construction Company from January 1993
to September 1999 providing construction management services. Previous employers include MW Kellogg, Kiewit Industrial Company
and Hoffman Construction Company. Mr. Ryan also previously provided independent consulting services to the power industry.
”× . Ryan graduated from Purdue University with a Degree in Civil Engineering.
Directors
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Mr. Philip G. Brace
Director
Age: 51
Philip G. Brace, served as President, Cloud Systems and Silicon Group of Seagate Technology plc to effective October 2, 2017. He also
served as President, Cloud Systems and Electronics Solutions from July 2015. Mr. Brace joined Seagate in September 2014 as
Executive Vice President and Chief Technology Officer of Silicon Solutions, and was promoted to Interim President of Cloud Systems
and Electronics Solutions on April 30, 2015. He was previously employed by LSI Corporation ("LSI") from August 2005 through
September 2014. At LSI, Mr. Brace was the Executive Vice President of the Storage Solutions Group from July 2012 to September
2014, Senior Vice President and General Manager from January 2009 to July 2012, and Senior Vice President of Corporate Planning
and Marketing from August 2005 to January 2009.
Mr. Russell N. Jones, CPA
Chairman
Age: 63
Russell Jones, has been Shopify Inc.'s Chief Financial Officer since March 2011.
Prior to his appointment at Shopify, Mr. Jones served as Chief Financial Officer to both BDNA Corporation from September 2009 to
August 2010 and to Xambala Incorporated from September 2007 to February 2011. Between March 2002 and August 2007, Mr. Jones
co-founded CFO4Results, which provided interim Chief Financial Officer, business and operational support services to a number of
early to mid-stage technology companies.
Mr. Jones holds a Bachelor of Commerce (Honors) degree from Carleton University and is a CPA, CA.
Ms. Robin A. Abrams
Independent Director
Age: 71
Robin A. Abrams, has been Chairman of the Board of FactSet Research Systems Inc. since June 23, 2020. Ms. Abrams has served as a
Director of FactSet Research Systems Inc. since October 24, 2011. Ms. Abrams currently serves as a member of the Board of Directors
of HCL Technologies Ltd., a global offshore IT and software development company; Sierra Wireless, Inc., a leader in the design and
delivery of customized connected lifestyle devices and services; and Lattice Semiconductor Corporation, a global leader in smart
connectivity solutions. Ms. Abrams also serves on the Board of Directors of the privately held company Zephyr Sleep Technologies of
Canada, a developer of sleep technology. In addition, Ms. Abrams serves on the Board of Trustees for the Anita Borg Institute for
Women and Technology.
From August 2006 to January 2007, Ms. Abrams served as Interim hief Executive Officer of ZILOG, Inc., a provider of integrated
microcontroller products, where she also served as a Director from 2004 to 2010. From July 2004 to July 2006, Ms. Abrams served as
hief Executive Officer of Firefly Communications, Inc., a company with a range of mobile products that address the youth market.
Ms. Abrams received her B.A. in political science and history and her J.D. from the University of Nebraska.
Mr. James R. Anderson
Independent Director
Karima Bawa
Independent Director
Mr. Thomas K. Linton
Independent Director
Martin D. McCourt
Independent Director
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Ms. Lori M. O'Neill, CPA
Independent Director
Mr. Thomas Sieber
Independent Director
Mr. Mark C. J. Twaalfhoven
Independent Director
Age: 61
Mark C.J. Twaalfhoven, was appointed to serve Pulse Electronics Corporation as the Chief Executive Officer on December 1, 2014,
having served as a Director of the company until April 2015.
Mr. Twaalfhoven served as Senior Vice President and Group General Manager, Commercial Connectors of Amphenol Corp. since
January 2004. Mr. Twaalfhoven was Director Asia Pacific operations of Amphenol Corp. from 1996 through 2003.
Mr. Gregory L. Waters
Independent Director
Age: 61
Gregory L. Waters, has been a Director of ON Semiconductor Corporation since December 17, 2020. Mr. Waters has served as a
Director of Sierra Wireless, Inc. (a wireless communications equipment designer and manufacturer) since March 2020 and serves as
Human Resource chair. Mr. Waters has served as a Director of Mythic Inc. since 2020. Mr. Water has served as Advisor of Starboard
Value Acquisition Corp. since 2020, a founder of MatrixSpace, Inc. (an artificial intelligence software company) since 2019.
Mr. Water served as Chief Executive Officer and President of Integrated Device Technology, he led a talented team through a complex
restructuring and into extended growth through product leadership resulting in a successful sale to Renesas from 2014 to 2019. Prior to
this, Mr. Waters held served as Executive Vice President of Skyworks from 2003 to 2012, Senior Vice President of Agere from 1998 to
2003 and various roles in technical sales, marketing and product line management of Texas Instruments from 1983 to 1998. Throughout
his career, Mr. Waters developed a diverse portfolio of management skills and abilities, including expertise in semiconductor
manufacturing, product management, research and development, sales, mergers and acquisitions, investor relations, and information
technology matters. Mr. Waters served as a Director of Mellanox Technologies Ltd. (supplier of ethernet and InfiniBand intelligent
interconnect solutions and services acquired by NVIDIA Corporation) from 2018 to 2020 and Sand 9 Inc. (acquired by Analog Devices
Inc.) from 2011 to 2014.
Mr. Waters received a Bachelor of Science degree in engineering from University of Vermont and a Master of Science degree in
computer science from Northeastern University.
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Sierra Wireless Inc (SWIR)
Telecommunications/Telecommunications Equipment
Price: $28.90
Report Date: November 9, 2022
ICB Subsector Peer Comparisons
Market Value ($M)
0
48,114
96,229
Revenue LFY ($M)
144,343
Cisco Systems Inc
192,458
0
43,014
Arista Networks Inc
39,445
Peer Group Average
Ubiquiti Inc
NICE Ltd
Juniper Networks Inc
Nokia Corp
25,383
18,648
Juniper Networks Inc
17,294
3,930
3,703
9,748
Ubiquiti Inc
1,731
NICE Ltd
1,586
4,391
1,138
0
48,114
96,229
Calix Inc
800
Sierra Wireless Inc
593
144,343
192,458
0
78.4
104.5
0.0
Price / EPS TTM
0.0
26.1
52.3
99.9
Motorola Solutions Inc
Calix Inc
99.9
Ubiquiti Inc
Ubiquiti Inc
Arista Networks Inc
36.4
Calix Inc
NICE Ltd
35.7
Cisco Systems Inc
29.0
Ciena Corp
27.5
Juniper Networks Inc
Ericsson
19.4
14.8
11.0
7.5
0.0
26.1
52.3
78.4
104.5
62.2
395.0
727.7
1,060.4
Ericsson
Arista Networks Inc
26.2
9.0
6.8
4.6
Sierra Wireless Inc
4.1
NICE Ltd
3.9
Ciena Corp
2.5
Juniper Networks Inc
2.3
Ericsson
1.6
Nokia Corp
1.3
13.1
26.2
-5.5
1.5
13.8
Calix Inc
9.7
Ubiquiti Inc
11.9
NICE Ltd
6.1
Motorola Solutions Inc
11.6
Ciena Corp
6.0
6.7
NICE Ltd
9.3
Peer Group Average
Cisco Systems Inc
6.8
Cisco Systems Inc
1.4
Ciena Corp
3.7
Ericsson
1.4
Nokia Corp
2.6
Juniper Networks Inc
-0.1
Juniper Networks Inc
-3.2
Nokia Corp
-0.2
Sierra Wireless Inc
-1.9
Copyright © 2022 FTSE Russell
-100.0
727.7
1,060.4
-5.5
20
22.4
21.1
Ubiquiti Inc
103.0
395.0
52.3
15.4
Arista Networks Inc
999.9
163.7
62.2
39.2
8.5
Motorola Solutions Inc
-270.5
52.3
49.9
26.3
Sierra Wireless Inc
39.2
Revenue 5-Year Growth Rate %
Calix Inc
Peer Group Average
54,105
12.3
0.0
EPS 5-Year Growth Rate %
-270.5
40,579
49.9
Arista Networks Inc
39.3
Motorola Solutions Inc
27,053
13.1
Peer Group Average
51.7
Peer Group Average
13,526
Price / Book Value
Sierra Wireless Inc
Nokia Corp
5,152
Ciena Corp
Calix Inc
Cisco Systems Inc
11,735
Arista Networks Inc
Ciena Corp
54,105
8,725
10,904
6,587
Sierra Wireless Inc
25,919
Motorola Solutions Inc
25,405
Ericsson
40,579
51,557
Ericsson
Peer Group Average
32,720
Nokia Corp
27,053
Cisco Systems Inc
183,347
Motorola Solutions Inc
13,526
5.8
1.5
8.5
15.4
22.4
www.ftserussell.com
Sierra Wireless Inc (SWIR)
Telecommunications/Telecommunications Equipment
Price: $28.90
Report Date: November 9, 2022
Abbreviations:
CAGR
EBIT
EBITDA
LFY
M
- Cumulative annual growth rate.
- Earnings before interest and taxes.
- Earnings before interest, taxes, depreciation & amortization.
- Last fiscal year
- Million
Definitions:
Market Value - Weekly Price times latest Shares Outstanding times any applicable ADR factor.
Revenue - Sum of the last four quarters of Revenues.
Revenue Per Share - Sum of the last four quarters of Total Revenue divided by Weighted Average Shares Outstanding.
Operating EPS LFY - EPS excluding non-recurring, non-operating items, fiscal year aligned TTM value.
60-Day Average Volume (000) - The average of the last 60 daily volume values in thousands of shares.
Price 52-Week High - The high closing price from the last 52 weeks of daily closing prices.
Price 52-Week Low - The low closing price from the last 52 weeks of daily closing prices.
Price / 52-Week High - Latest price divided by the high price from the past 52 weeks of daily closing prices.
Price / 52-Week Low - Latest price divided by the low price from the past 52 weeks of daily closing prices.
50-Day Average Price - Mean of last 50 daily closing prices.
200-Day Average Price - Mean of last 200 daily closing prices.
Price / 50-Day Average Price - Latest closing price divided by mean of last 50 daily closing prices, as a percentage.
Price / 200-Day Average Price - Latest closing price divided by mean of last 200 daily closing prices, as a percentage.
Relative Strength Index - Relative Strength Index or RSI measures the magnitude of gains over a given time period against the magnitude of losses
over that period. The equation is RSI = 100 - 100 / (1 + RS) where RS = (total gains / n) / (total losses / n) and n = number of RSI periods. In this item, 14
days is used and one year of daily prices are considered. A value of 30 or below may imply oversold and 70 or above may imply overbought.
Price Volatility - The standard deviation of the last 20 days of daily closing prices.
Sharpe Ratio - The 5 year average of the excess monthly return over the risk - free rate(1 - month T - bill) over the 5 year standard deviation of the same
series.
Sortino Ratio - The same calculation as the Sharpe Ratio but with positive excess returns set to zero for the standard deviation denominator, so only
negative volatility weighs in.
Dividends Per Share TTM - Sum of the last four quarters of Dividends Per Share.
Payout Ratio - Dividends Per Share TTM divided by Operating EPS TTM.
Dividend Yield TTM % - Sum of the last four quarter of Dividends Per Share divided by Weekly Price.
EBITDA - Sum of the last four quarters of EBITDA (Operating Income + Depreciation & Amortization).
Free Cash Flow - Sum of the last four quarters Net Cash from Operations minus Capital Expenditures (Purchase of Property, Plant & Equipment), from
the Cash Flow Statement.
Book Value Per Share - Total Common Equity last quarter divided by Shares Outstanding last quarter.
Gross Margin % - Sum of the last four quarters Gross Profit divided by the sum of the last four quarters Revenues.
EBITDA Margin % - Sum of the last four quarters EBITDA divided by the sum of the last four quarters Revenues.
Pre-Tax Margin % - Sum of the last four quarters of Earnings Before Taxes divided by sum of the last four quarters Revenues.
Net Profit Margin % - Sum of the last four quarters of Operating EPS divided by sum of the last four quarters Revenues Per Share.
Return on Equity % - Sum of the last four quarters of Operating EPS divided by the average of the last four quarters Book Value.
Return on Capital % - Sum of the last four quarters of Operating EPS divided by the average of the last four quarters Total Capital Per Share.
Return on Assets % - Sum of the last four quarters of Operating EPS divided by the average of the last four quarters Total Assets Per Share.
Price / EPS TTM - Weekly Price divided by the sum of the last four quarters of Operating EPS (capped at 99.9).
Price / Sales - Weekly Price divided by Revenues Per Share TTM.
Price / Book Value - Weekly Price divided by Book Value Per Share last quarter. Book Value Per Share is Total Common Equity last quarter divided by
Shares Outstanding last quarter (capped at 49.9).
Free Cash Flow Yield % - Free Cash Flow Per Share TTM divided by Weekly Price.
Enterprise Value - Market Value plus Total Debt last year plus Preferred Equity last year minus Cash & Cash Equivalents last year.
Enterprise Value / Sales - Enterprise Value divided by the sum of the last four quarters of Revenue.
Enterprise Value / EBITDA - Enterprise Value divided by EBITDA TTM.
Enterprise Value / EBIT - Enterprise Value divided by trailing four quarters of Operating Income.
Enterprise Value / Free Cash Flow - Enterprise Value divided by the sum of the last four quarters of Free Cash Flow.
Russell 1000 Index - The largest 1,000 stocks by market cap, the index comprehensively covers the US large cap universe.
EPS 5-Year Growth Rate % is capped at 999.9%.
Revenue 5-Year Growth Rate % is capped at 999.9%.
Copyright © 2022 FTSE Russell
21
www.ftserussell.com
Sierra Wireless Inc (SWIR)
Telecommunications/Telecommunications Equipment
Price: $28.90
Report Date: November 9, 2022
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