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13.18 (1y: +21%)
Market Cap 766.28 M P/E(ttm) 35.60
Enterprise Value 872.13 M P/B 1.40
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GuruFocus Financial Strength Rank measures how strong a companyย’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 : 5/10

vs
industry		 vs
history
Cash to Debt 0.754
CODE's Cash to Debt is ranked lower than
64% of the 622 Companies
in the Global Semiconductor Memory industry.

( Industry Median: 10000.00 vs. CODE: 0.754 )
CODE' s 10-Year Cash to Debt Range
Min: 0.08   Max: No Debt
Current: 0.75
Equity to Asset 0.21
CODE's Equity to Asset is ranked lower than
93% of the 622 Companies
in the Global Semiconductor Memory industry.

( Industry Median: 0.59 vs. CODE: 0.21 )
CODE' s 10-Year Equity to Asset Range
Min: -0.6   Max: 0.58
Current: 0.21
-0.6
0.58
Interest Coverage 2.5
CODE's Interest Coverage is ranked lower than
54% of the 622 Companies
in the Global Semiconductor Memory industry.

( Industry Median: 10000.00 vs. CODE: 2.5 )
CODE' s 10-Year Interest Coverage Range
Min: 0   Max: 3
Current: 2.5
0
3
F-Score: 8
Z-Score: 1.93
M-Score: -2.91
GuruFocus Profitability Rank ranks how profitable a company is and how likely the companyย’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.
ย•ย•3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rankย•

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 : 7/10

vs
industry		 vs
history
Operating margin (%) 6.90
CODE's Operating margin (%) is ranked higher than
72% of the 622 Companies
in the Global Semiconductor Memory industry.

( Industry Median: 2.60 vs. CODE: 6.90 )
CODE' s 10-Year Operating margin (%) Range
Min: -99.6   Max: 6.9
Current: 6.9
-99.6
6.9
Net-margin (%) 2.7
CODE's Net-margin (%) is ranked higher than
68% of the 622 Companies
in the Global Semiconductor Memory industry.

( Industry Median: 1.40 vs. CODE: 2.7 )
CODE' s 10-Year Net-margin (%) Range
Min: -106.4   Max: 22.8
Current: 2.7
-106.4
22.8
ROE (%) 4.4
CODE's ROE (%) is ranked higher than
70% of the 622 Companies
in the Global Semiconductor Memory industry.

( Industry Median: 2.00 vs. CODE: 4.4 )
CODE' s 10-Year ROE (%) Range
Min: -16.1   Max: 42.8
Current: 4.4
-16.1
42.8
ROA (%) 2.1
CODE's ROA (%) is ranked higher than
67% of the 622 Companies
in the Global Semiconductor Memory industry.

( Industry Median: 1.20 vs. CODE: 2.1 )
CODE' s 10-Year ROA (%) Range
Min: -136.7   Max: 19.1
Current: 2.1
-136.7
19.1
ROC (Joel Greenblatt) (%) 18.00
CODE's ROC (Joel Greenblatt) (%) is ranked higher than
81% of the 622 Companies
in the Global Semiconductor Memory industry.

( Industry Median: 4.80 vs. CODE: 18.00 )
CODE' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: -312.1   Max: 18
Current: 18
-312.1
18
Revenue Growth (%) 14.5
CODE's Revenue Growth (%) is ranked higher than
83% of the 622 Companies
in the Global Semiconductor Memory industry.

( Industry Median: 4.80 vs. CODE: 14.5 )
CODE' s 10-Year Revenue Growth (%) Range
Min: 0   Max: 14.5
Current: 14.5
0
14.5
EBITDA Growth (%) 59.5
CODE's EBITDA Growth (%) is ranked lower than
79% of the 622 Companies
in the Global Semiconductor Memory industry.

( Industry Median: 5.00 vs. CODE: 59.5 )
CODE' s 10-Year EBITDA Growth (%) Range
Min: 0   Max: 59.5
Current: 59.5
0
59.5
ยป CODE's 10-Y Financials

Financials


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

» Details

Guru Trades
Q2 2012

CODE Guru Trades in Q2 2012

Joel Greenblatt 42,216 sh (New)
Steven Cohen 1,500,000 sh (+16.71%)
Charles de Vaulx 1,509,620 sh (unchged)
Jim Simons 63,508 sh (-51%)
» More
Q3 2012

CODE Guru Trades in Q3 2012

Steven Cohen 1,682,492 sh (+12.17%)
Joel Greenblatt Sold Out
Charles de Vaulx 1,368,809 sh (-9.33%)
Jim Simons 22,200 sh (-65.04%)
» More
Q4 2012

CODE Guru Trades in Q4 2012

Jim Simons Sold Out
Steven Cohen 1,680,000 sh (-0.15%)
Charles de Vaulx 1,361,289 sh (-0.55%)
» More
Q1 2013

CODE Guru Trades in Q1 2013

Chuck Royce 403,500 sh (New)
Paul Tudor Jones 40,000 sh (New)
Louis Moore Bacon 133,701 sh (New)
Steven Cohen 900,060 sh (-46.43%)
» More
» Details

Insider Trades

Latest Guru Trades with CODE

GuruDate Trades Impact to Portfolio Price Range * (?) Current Price Change from Average Current Shares
Joel Greenblatt 2012-09-30 Sold Out 0.03%$9.61 - $13.14 $ 13.0915%0
Joel Greenblatt 2012-06-30 New Buy0.03%$9.91 - $12.32 $ 13.0920%42216
Premium More recent guru trades are included for Premium Members only!!

Ratios

vs
industry		 vs
history
P/E(ttm) 35.60
CODE's P/E(ttm) is ranked higher than
59% of the 622 Companies
in the Global Semiconductor Memory industry.

( Industry Median: 18.76 vs. CODE: 35.60 )
CODE' s 10-Year P/E(ttm) Range
Min: 4.09   Max: 93.09
Current: 35.6
4.09
93.09
P/B 1.40
CODE's P/B is ranked higher than
53% of the 622 Companies
in the Global Semiconductor Memory industry.

( Industry Median: 1.28 vs. CODE: 1.40 )
CODE' s 10-Year P/B Range
Min: 0.86   Max: 3.26
Current: 1.4
0.86
3.26
P/S 0.90
CODE's P/S is ranked higher than
67% of the 622 Companies
in the Global Semiconductor Memory industry.

( Industry Median: 1.10 vs. CODE: 0.90 )
CODE' s 10-Year P/S Range
Min: 0.43   Max: 2.17
Current: 0.9
0.43
2.17
PFCF 14.70
CODE's PFCF is ranked lower than
66% of the 622 Companies
in the Global Semiconductor Memory industry.

( Industry Median: 15.69 vs. CODE: 14.70 )
CODE' s 10-Year PFCF Range
Min: 10.29   Max: 71.65
Current: 14.7
10.29
71.65
EV-to-EBIT 14.7
CODE's EV-to-EBIT is ranked higher than
78% of the 622 Companies
in the Global Semiconductor Memory industry.

( Industry Median: 14.70 vs. CODE: 14.7 )
CODE' s 10-Year EV-to-EBIT Range
Min: 12.1   Max: 32.9
Current: 14.7
12.1
32.9

Valuation & Return

vs
industry		 vs
history
Price/Net Current Asset Value 4.6
CODE's Price/Net Current Asset Value is ranked higher than
78% of the 622 Companies
in the Global Semiconductor Memory industry.

( Industry Median: 6.80 vs. CODE: 4.6 )
CODE' s 10-Year Price/Net Current Asset Value Range
Min: 3.1   Max: 10.4
Current: 4.6
3.1
10.4
Price/Tangible Book 3.2
CODE's Price/Tangible Book is ranked higher than
87% of the 622 Companies
in the Global Semiconductor Memory industry.

( Industry Median: 1.40 vs. CODE: 3.2 )
CODE' s 10-Year Price/Tangible Book Range
Min: 2.9   Max: 7.8
Current: 3.2
2.9
7.8
Price/Median PS Value 1
CODE's Price/Median PS Value is ranked higher than
89% of the 622 Companies
in the Global Semiconductor Memory industry.

( Industry Median: 0.80 vs. CODE: 1 )
CODE' s 10-Year Price/Median PS Value Range
Min: 0.6   Max: 1.9
Current: 1
0.6
1.9
Price/Graham Number 2.1
CODE's Price/Graham Number is ranked higher than
92% of the 622 Companies
in the Global Semiconductor Memory industry.

( Industry Median: 1.10 vs. CODE: 2.1 )
CODE' s 10-Year Price/Graham Number Range
Min: 1.7   Max: 2.3
Current: 2.1
1.7
2.3
Earnings Yield (Greenblatt) 6.80
CODE's Earnings Yield (Greenblatt) is ranked higher than
86% of the 622 Companies
in the Global Semiconductor Memory industry.

( Industry Median: 5.60 vs. CODE: 6.80 )
CODE' s 10-Year Earnings Yield (Greenblatt) Range
Min: 3   Max: 8.3
Current: 6.8
3
8.3
Forward Rate of Return (Yacktman) -4.67
CODE's Forward Rate of Return (Yacktman) is ranked higher than
71% of the 622 Companies
in the Global Semiconductor Memory industry.

( Industry Median: 2.30 vs. CODE: -4.67 )
CODE' s 10-Year Forward Rate of Return (Yacktman) Range
Min: -19.2   Max: -5.5
Current: -4.67
-19.2
-5.5

Business Description

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 leading 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. The Company's properties and many aspects of its business operations are subject to domestic and international environmental laws and regulations.
Company Website
SEC Reports
Industry: Semiconductor Memory
Compare:MU, RMBS, RMTR, LEDS, NLST
Traded in other countries:S56.Germany
ยป More Articles for CODE

Headlines

Articles On GuruFocus.com
SPANSION INC (CODE) EVP and CFO Randy W Furr sells 4,184 Shares Feb 09 2011 


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