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GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 6/10

vs
industry
vs
history
Cash to Debt 0.75
CODE's Cash to Debt is ranked higher than
53% of the 1058 Companies
in the Global Semiconductor Memory industry.

( Industry Median: 2.36 vs. CODE: 0.75 )
CODE' s 10-Year Cash to Debt Range
Min: 0.08   Max: No Debt
Current: 0.75

Equity to Asset 0.38
CODE's Equity to Asset is ranked lower than
58% of the 1044 Companies
in the Global Semiconductor Memory industry.

( Industry Median: 0.63 vs. CODE: 0.38 )
CODE' s 10-Year Equity to Asset Range
Min: -0.7   Max: 0.62
Current: 0.38

-0.7
0.62
F-Score: 4
Z-Score: 1.88
M-Score: -2.84
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 5/10

vs
industry
vs
history
Operating margin (%) -5.75
CODE's Operating margin (%) is ranked lower than
52% of the 1051 Companies
in the Global Semiconductor Memory industry.

( Industry Median: 4.09 vs. CODE: -5.75 )
CODE' s 10-Year Operating margin (%) Range
Min: -99.56   Max: 6.86
Current: -5.75

-99.56
6.86
Net-margin (%) -7.83
CODE's Net-margin (%) is ranked lower than
53% of the 1051 Companies
in the Global Semiconductor Memory industry.

( Industry Median: 2.77 vs. CODE: -7.83 )
CODE' s 10-Year Net-margin (%) Range
Min: -106.71   Max: 22.85
Current: -7.83

-106.71
22.85
ROE (%) -17.54
CODE's ROE (%) is ranked lower than
58% of the 1045 Companies
in the Global Semiconductor Memory industry.

( Industry Median: 3.69 vs. CODE: -17.54 )
CODE' s 10-Year ROE (%) Range
Min: -412.08   Max: 4.6
Current: -17.54

-412.08
4.6
ROA (%) -7.25
CODE's ROA (%) is ranked lower than
54% of the 1059 Companies
in the Global Semiconductor Memory industry.

( Industry Median: 2.02 vs. CODE: -7.25 )
CODE' s 10-Year ROA (%) Range
Min: -87.13   Max: 18.82
Current: -7.25

-87.13
18.82
ROC (Joel Greenblatt) (%) -20.17
CODE's ROC (Joel Greenblatt) (%) is ranked lower than
57% of the 1059 Companies
in the Global Semiconductor Memory industry.

( Industry Median: 5.92 vs. CODE: -20.17 )
CODE' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: -135.81   Max: 18.06
Current: -20.17

-135.81
18.06
Revenue Growth (%) 14.90
CODE's Revenue Growth (%) is ranked higher than
93% of the 768 Companies
in the Global Semiconductor Memory industry.

( Industry Median: -2.10 vs. CODE: 14.90 )
CODE' s 10-Year Revenue Growth (%) Range
Min: -24.2   Max: 19.8
Current: 14.9

-24.2
19.8
EBITDA Growth (%) -45.40
CODE's EBITDA Growth (%) is ranked lower than
54% of the 562 Companies
in the Global Semiconductor Memory industry.

( Industry Median: -6.40 vs. CODE: -45.40 )
CODE' s 10-Year EBITDA Growth (%) Range
Min: -45.4   Max: 27.4
Current: -45.4

-45.4
27.4
» CODE's 10-Y Financials

Financials


Revenue & Net Income
Cash & Debt
Oprt. Cash Flow & Free Cash Flow

» Details

Guru Trades

Q3 2013

CODE Guru Trades in Q3 2013

Jim Simons 192,600 sh (+1246.85%)
Charles de Vaulx 3,645,033 sh (+124.68%)
Steven Cohen 25,128 sh (+70.29%)
Paul Tudor Jones 52,800 sh (+47.9%)
Chuck Royce 1,025,920 sh (+27.3%)
Louis Moore Bacon 152,020 sh (unchged)
» More
Q4 2013

CODE Guru Trades in Q4 2013

Chuck Royce 1,130,000 sh (+10.15%)
Charles de Vaulx 3,645,033 sh (unchged)
Louis Moore Bacon 152,020 sh (unchged)
Jim Simons Sold Out
Steven Cohen Sold Out
Paul Tudor Jones 22,600 sh (-57.2%)
» More
Q1 2014

CODE Guru Trades in Q1 2014

Jim Simons 389,533 sh (New)
Steven Cohen 1,043,936 sh (New)
George Soros 2,866,666 sh (New)
Chuck Royce 1,162,500 sh (+2.88%)
Louis Moore Bacon 152,020 sh (unchged)
Charles de Vaulx 3,645,033 sh (unchged)
Paul Tudor Jones Sold Out
» More
Q2 2014

CODE Guru Trades in Q2 2014

RS Investment Management 813,000 sh (New)
Jim Simons 495,210 sh (+27.13%)
Steven Cohen 12,100 sh (unchged)
Louis Moore Bacon Sold Out
George Soros 2,666,666 sh (-6.98%)
Chuck Royce 1,029,000 sh (-11.48%)
Charles de Vaulx 1,685,954 sh (-53.75%)
» More
» Details

Insider Trades

Latest Guru Trades with CODE

(List those with share number changes of more than 20%, or impact to portfolio more than 0.1%)

GuruDate Trades Impact to Portfolio Price Range * (?) Current Price Change from Average Current Shares
George Soros 2014-03-31 New Buy0.49%$13.52 - $17.76 $ 23.1648%2866666
Joel Greenblatt 2012-09-30 Sold Out 0.03%$9.61 - $13.14 $ 23.16104%0
Joel Greenblatt 2012-06-30 New Buy0.03%$9.91 - $12.32 $ 23.16112%42216
Premium More recent guru trades are included for Premium Members only!!
» Interactive Charts

Peter Lynch Chart ( What is Peter Lynch Charts )

Top Ranked Articles about Spansion Inc

George Soros Buys 5.1% of Memory Company Spansion Inc.
George Soros (Trades, Portfolio) has purchased 5.11% of a new company, Spansion Inc. (CODE), according to GuruFocus Real Time Picks. The April 25 transaction consisted of 3,066,666 shares, which had a closing price of $17.76 each that day. Spanion’s share price has increased 4.4% since 2010, to almost a two-year high of around $17.56 on Tuesday. Read more...

Ratios

vs
industry
vs
history
P/B 2.70
CODE's P/B is ranked higher than
54% of the 1098 Companies
in the Global Semiconductor Memory industry.

( Industry Median: 2.04 vs. CODE: 2.70 )
CODE' s 10-Year P/B Range
Min: 0.85   Max: 2.7
Current: 2.7

0.85
2.7
P/S 1.10
CODE's P/S is ranked higher than
74% of the 1098 Companies
in the Global Semiconductor Memory industry.

( Industry Median: 1.83 vs. CODE: 1.10 )
CODE' s 10-Year P/S Range
Min: 0.43   Max: 2.17
Current: 1.1

0.43
2.17
PFCF 19.80
CODE's PFCF is ranked higher than
80% of the 1098 Companies
in the Global Semiconductor Memory industry.

( Industry Median: 9999.00 vs. CODE: 19.80 )
CODE' s 10-Year PFCF Range
Min: 10.29   Max: 71.65
Current: 19.8

10.29
71.65
EV-to-EBIT -21.60
CODE's EV-to-EBIT is ranked lower than
61% of the 1098 Companies
in the Global Semiconductor Memory industry.

( Industry Median: 46.87 vs. CODE: -21.60 )
CODE' s 10-Year EV-to-EBIT Range
Min: 12.1   Max: 38.1
Current: -21.6

12.1
38.1
Current Ratio 2.11
CODE's Current Ratio is ranked higher than
61% of the 1059 Companies
in the Global Semiconductor Memory industry.

( Industry Median: 2.39 vs. CODE: 2.11 )
CODE' s 10-Year Current Ratio Range
Min: 0.4   Max: 4.29
Current: 2.11

0.4
4.29
Quick Ratio 1.44
CODE's Quick Ratio is ranked higher than
58% of the 1059 Companies
in the Global Semiconductor Memory industry.

( Industry Median: 1.87 vs. CODE: 1.44 )
CODE' s 10-Year Quick Ratio Range
Min: 0.21   Max: 3.09
Current: 1.44

0.21
3.09

Valuation & Return

vs
industry
vs
history
Price/Tangible Book 7.50
CODE's Price/Tangible Book is ranked lower than
59% of the 1098 Companies
in the Global Semiconductor Memory industry.

( Industry Median: 2.33 vs. CODE: 7.50 )
CODE' s 10-Year Price/Tangible Book Range
Min: 2.77   Max: 6.8
Current: 7.5

2.77
6.8
Price/DCF (Projected) 1.30
CODE's Price/DCF (Projected) is ranked higher than
90% of the 1098 Companies
in the Global Semiconductor Memory industry.

( Industry Median: 9999.00 vs. CODE: 1.30 )
CODE' s 10-Year Price/DCF (Projected) Range
Min: 1.17   Max: 1.37
Current: 1.3

1.17
1.37
Price/Median PS Value 1.30
CODE's Price/Median PS Value is ranked higher than
56% of the 1098 Companies
in the Global Semiconductor Memory industry.

( Industry Median: 1.15 vs. CODE: 1.30 )
CODE' s 10-Year Price/Median PS Value Range
Min: 0.55   Max: 2.32
Current: 1.3

0.55
2.32
Earnings Yield (Greenblatt) 2.10
CODE's Earnings Yield (Greenblatt) is ranked lower than
53% of the 855 Companies
in the Global Semiconductor Memory industry.

( Industry Median: 5.20 vs. CODE: 2.10 )
CODE' s 10-Year Earnings Yield (Greenblatt) Range
Min: 2.1   Max: 8.3
Current: 2.1

2.1
8.3
Forward Rate of Return (Yacktman) 2.17
CODE's Forward Rate of Return (Yacktman) is ranked higher than
77% of the 728 Companies
in the Global Semiconductor Memory industry.

( Industry Median: 0.35 vs. CODE: 2.17 )
CODE' s 10-Year Forward Rate of Return (Yacktman) Range
Min: -19.1   Max: -0.1
Current: 2.17

-19.1
-0.1

Business Description

Industry: Semiconductors » Semiconductor Memory
Compare:MU, RMBS, RMTR, LEDS, NLST » details
Traded in other countries:S56.Germany
Spansion Inc. was originally organized as a Flash memory manufacturing venture of Advanced Micro Devices, Inc. and Fujitsu Limited in 1993 named Fujitsu AMD Semiconductor Limited. It was reorganized from Spansion LLC into Spansion Inc., a Delaware corporation, in connection with its initial public offering in December 21, 2005. The Company is a designer, manufacturer and developer of Flash memory semiconductors. It is focused on a portion of the Flash memory market that relates to high-performance and high-reliability Flash memory solutions for microprocessors, controllers and other programmable semiconductors that run applications in a broad range of electronic systems. These electronic systems include automotive and industrial, computing and communications, consumer and gaming. In addition to Flash memory products, the Company assists its customers in developing and prototyping their designs by providing software and hardware development tools, drivers and simulation models for system-level integration. The Company's Flash memory solutions are incorporated in products manufactured by original equipment manufacturers. The Company's products are designed to accommodate various voltage, interface and density requirements for a wide range of applications and customer platforms. The majority of its new product designs is based on its proprietary two-bit-per-cell MirrorBit technology, which has a simpler cell architecture, higher yields and lower costs than competing floating gate NOR Flash memory technology. The Company markets and sells its products worldwide under the Spansion trademark to its customers directly or through distributors. For fiscal 2011, approximately 69 percent of the Company's sales were through distributors. It owns and operates one wafer fabrication facility, Fab 25, which is located in Austin, Texas and has approximately 114,000 square feet of clean room space. This facility produces 200-millimeter wafers, manufactured using 130-nanometer, 110-nanometer, 90-nanometer and 65-nanometer process technologies. The Company's NOR Flash memory competitors are Micron Technology, Inc., Macronix International Co., Ltd. and Winbond Electronics Corp.
» More Articles for CODE

Headlines

Articles On GuruFocus.com
Morning Coffee: Real-Time Picks May 07 2014 
George Soros Buys 5.1% of Memory Company Spansion Inc. May 06 2014 
Weekly Insider Sells Highlight: CPN, INCY, GPK, CODE Feb 23 2014 
SPANSION INC (CODE) EVP and CFO Randy W Furr sells 4,184 Shares Feb 09 2011 

More From Other Websites
NYSE stocks posting largest percentage increases Sep 19 2014
Spansion and Winbond Sign Licensing Agreement Sep 16 2014
Spansion Powers Xilinx Zynq-7000 All Programmable SoCs with New Family of PMICs Sep 09 2014
Your first trade for Friday Sep 04 2014
Stocks Reverse Lower, Clear Near Session Lows Sep 04 2014
[video] FMHR Final Trade: CODE, C, VSI, OSK Sep 04 2014
Stocks Higher At Midday; Spansion, Methode Break Out Sep 04 2014
Spansion, LLC -- Moody's lowered Spansion's speculative grade liquidity rating to SGL-3 Aug 28 2014
SPANSION INC. Files SEC form 8-K, Change in Directors or Principal Officers, Financial Statements... Aug 19 2014
O.C. Kwon Elected to Spansion Board of Directors Aug 19 2014
Should You Get Rid of Spansion (CODE) Now? Aug 11 2014
SPANSION INC. Financials Aug 09 2014
Spansion Inc. Announces Participation in Upcoming Conference Aug 04 2014
SPANSION INC. Files SEC form 10-Q, Quarterly Report Aug 01 2014
Spansion Inc Earnings Call scheduled for 4:30 pm ET today Jul 30 2014
SPANSION INC. Files SEC form 8-K, Results of Operations and Financial Condition, Financial... Jul 30 2014
Spansion Inc. Reports Second Quarter 2014 Results Jul 30 2014
Q2 2014 Spansion Inc. Earnings Release - After Market Close Jul 30 2014
Spansion (CODE) Hits New Lifetime High Today Jul 23 2014
Spansion upgraded to Buy from Hold at Jefferies Jul 22 2014

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