| Company Name: | Linear Technology | | Ticker Symbol: | LLTC | | | WWW Address: | www.linear.com |
| CEO: | Mr. Lothar Maier | | No. of Employees: | 4,365 |
| Common Issue Type: | CS | | Business Description: | Linear Technology Corporation designs, manufactures and markets a broad line of standard high performance linear integrated circuits.
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| | | Industry Information: | ELECTRONICS - Semiconductor - Specialized [more like this] |
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| Price | Day Change | Bid | Ask | Open | High | Low | Volume | | 38.06 |  0.32 | 37.96 | 38.09 | 38.01 | 38.09 | 37.79 | 1663399 |
| Market Cap (mil) | Shares Outstanding (mil) | Beta | EPS | DPS | P/E | Yield | 52-Wks-Range |
| 8,877.7 | 233.3 | 1.04 | 1.70 | 0.98 | 22.0 | 2.7 | 38.90 - 28.28 |
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| KEY FIGURES (Latest Twelve Months - LTM) | | Yesterday's Close | 38.06 | $ | | PE Ratio - LTM | 22.0 | |
| Market Capitalisation | 8,877.7 | mil |
| Latest Shares Outstanding | 233.3 | mil |
| Earnings pS (EPS) | 1.70 | $ |
| Dividend pS (DPS) | 0.98 | ¢ |
| Dividend Yield | 2.7 | % |
| Dividend Payout Ratio | 58 | % |
| Revenue per Employee | 290,177 | $ |
| Effective Tax Rate | 25.7 | % |
| Float | 232.9 | mil |
| Float as % of Shares Outstanding | 98.9 | % |
| Foreign Sales | 900 | mil |
| Domestic Sales | 366 | mil |
| Selling, General & Adm/tive (SG&A) as % of Revenue | 11.70 | % |
| Research & Devlopment (R&D) as % of Revenue | 18.20 | % |
| Gross Profit Margin | 80.9 | % |
| EBITDA Margin | 51.0 | % |
| Pre-Tax Profit Margin | 41.5 | % |
| Assets Turnover | 0.7 | % |
| Return on Assets (ROA) | 19.7 | % |
| Return on Equity (ROE) | 43.0 | % |
| Return on Capital Invested (ROCI) | 23.0 | % |
| Current Ratio | 12.9 | |
| Leverage Ratio (Assets/Equity) | 2.2 | |
| Interest Cover | 12.1 | |
| Total Debt/Equity (Gearing Ratio) | 0.86 | |
| LT Debt/Total Capital | 46.0 | % |
| Working Capital pS | 6.96 | $ |
| Cash pS | 0.83 | $ |
| Book-Value pS | 4.07 | $ |
| Tangible Book-Value pS | 4.00 | $ |
| Cash Flow pS | 2.08 | $ |
| Free Cash Flow pS | 1.30 | $ |
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| KEY FIGURES (LTM): Price info |
| Price/Book Ratio | 9.34 | |
| Price/Tangible Book Ratio | 9.51 | |
| Price/Cash Flow | 18.3 | |
| Price/Free Cash Flow | 29.3 | |
| P/E as % of Industry Group | 75.0 | % |
| P/E as % of Sector Segment | 4.0 | % |
| | | Balance Sheet (at a glance) in Millions |
| | | | | | DIVIDEND INFO | | Dividend Declared Date | 04/15/2013 |
| Dividend Ex-Date | 05/14/2013 |
| Dividend Record Date | 05/16/2013 |
| Dividend Pay Date | 05/28/2013 |
| Dividend Amount | 260 |
| Type of Payment | Cash Payment |
| Dividend Rate | 1.04 |
| Current Dividend Yield | 2.7 |
| 5-Y Average Dividend Yield | 3.2 |
| Payout Ratio | 58.0 |
| 5-Y Average Payout Ratio | 52.0 |
|  | | Share price performance previous 3 years |
|
 | | | Share price performance intraday |
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| PRICE/VOLUME | High | Low | Close | % Price Chg | % Price Chg vs. Mkt. | Avg. Daily Vol | Total Vol |
| 1 Week | - | - | - | -0.8 | 97 | 17,989 | 90,343 |
| 4 Weeks | 38.38 | 34.26 | 34.61 | 10.0 | 103 | 22,305 | 446,094 |
| 13 Weeks | 38.90 | 34.21 | 37.93 | 0.3 | 92 | 26,307 | 1,657,369 |
| 26 Weeks | 38.90 | 31.52 | 31.24 | 21.8 | 99 | 25,285 | 3,135,316 |
| 52 Weeks | 38.90 | 28.28 | 28.93 | 31.6 | 102 | 24,038 | 5,985,480 |
| YTD | 38.90 | 34.21 | - | 11.0 | 95 | 27,246 | 2,588,391 |
| Moving Average | 5-Days | 10-Days | 10-Weeks | 30-Weeks | 200-Days | Beta (60-Mnth) | Beta (36-Mnth) |
| 37.94 | 37.99 | 36.92 | 35.62 | 34.78 | 1.04 | 1.15 |
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| |
| GROWTH RATES | 5-Year
Growh | R² of 5-Year Growth | 3-Year
Growth |
| Revenue | 4.17 | 31.4 | 3.63 |
| Income | 3.32 | 10.6 | 2.98 |
| Dividend | 5.21 | 96.4 | 3.73 |
| Capital Spending | 10.28 | NA | 26.89 |
| R&D | 4.48 | NA | 5.54 |
| Normalized Inc. | 3.05 | NA | 3.02 |
| | | CHANGES | YTD vs.
Last YTD | Curr Qtr vs.
Qtr 1-Yr ago | Annual vs.
Last Annual |
| Revenue % | 2.0 | 0.7 | -14.6 |
| Earnings % | 3.5 | 12.7 | -31.5 |
| EPS % | 1.6 | 9.5 | -32.0 |
| EPS $ | 0.02 | 0.04 | -0.80 |
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| |
| SOLVENCY RATIOS | | SHORT-TERM SOLVENCY RATIOS (LIQUIDITY) |
| Net Working Capital Ratio | 72.11 |
| Current Ratio | 8.8 |
| Quick Ratio (Acid Test) | 8.0 |
| Liquidity Ratio (Cash) | 7.05 |
| Receivables Turnover | 7.8 |
| Average Collection Period | 46 |
| Working Capital/Equity | 181.2 |
| Working Capital pS | 5.80 |
| Cash-Flow pS | 2.06 |
| Free Cash-Flow pS | 1.21 |
| FINANCIAL STRUCTURE RATIOS |
| Altman's Z-Score Ratio | 7.86 |
| Financial Leverage Ratio (Assets/Equity) | 2.5 |
| Debt Ratio | 60.2 |
| Total Debt/Equity (Gearing Ratio) | 1.09 |
| LT Debt/Equity | 1.09 |
| LT Debt/Capital Invested | 61.2 |
| LT Debt/Total Liabilities | 72.3 |
| Interest Cover | 12.3 |
| Interest/Capital Invested | 2.83 |
| | | | VALUATION RATIOS | | MULTIPLES |
| PQ Ratio | 29.39 |
| Tobin's Q Ratio | 4.80 |
| Current P/E Ratio - LTM | 22.00 |
| Enterprise Value (EV)/EBITDA | 13.36 |
| Enterprise Value (EV)/Free Cash Flow | 32.20 |
| Dividend Yield | 2.7 |
| Price/Tangible Book Ratio - LTM | 9.51 |
| Price/Book Ratio - LTM | 9.34 |
| Price/Cash Flow Ratio | 18.3 |
| Price/Free Cash Flow Ratio - LTM | 29.3 |
| Price/Sales Ratio | 6.91 |
| P/E Ratio (1 month ago) - LTM | 20.3 |
| P/E Ratio (26 weeks ago) - LTM | 18.5 |
| P/E Ratio (52 weeks ago) - LTM | 14.8 |
| 5-Y High P/E Ratio | 24.4 |
| 5-Y Low P/E Ratio | 10.8 |
| 5-Y Average P/E Ratio | 17.0 |
| Current P/E Ratio as % of 5-Y Average P/E | 130 |
| P/E as % of Industry Group | 75.0 |
| P/E as % of Sector Segment | 4.0 |
| Current 12 Month Normalized P/E Ratio - LTM | 22.0 |
| PER SHARE FIGURES |
| LT Debt pS | 3.50 |
| Current Liabilities pS | 0.74 |
| Tangible Book Value pS - LTM | 4.00 |
| Book Value pS - LTM | 4.07 |
| Capital Invested pS | 6.61 |
| Cash pS - LTM | 0.83 |
| Cash Flow pS - LTM | 2.08 |
| Free Cash Flow pS - LTM | 1.30 |
| Earnings pS (EPS) | 1.70 |
| | | | OPERATING RATIOS | | PROFITABILITY RATIOS |
| Free Cash Flow Margin | 21.92 |
| Free Cash Flow Margin 5YEAR AVG | 22.33 |
| Net Profit Margin | 31.4 |
| Net Profit Margin - 5YEAR AVRG. | 33.7 |
| Equity Productivity | 1.72 |
| Return on Equity (ROE) | 54.1 |
| Return on Equity (ROE) - 5YEAR AVRG. | 351.1 |
| Capital Invested Productivity | 0.82 |
| Return on Capital Invested (ROCI) | 25.8 |
| Return on Capital Invested (ROCI) - 5YEAR AVRG. | 33.8 |
| Assets Productivity | 0.70 |
| Return on Assets (ROA) | 21.5 |
| Return on Assets (ROA) - 5YEAR AVRG. | 25.3 |
| Gross Profit Margin | 80.9 |
| Gross Profit Margin - 5YEAR AVRG. | 82.0 |
| EBITDA Margin - LTM | 51.0 |
| EBIT Margin - LTM | 45.3 |
| Pre-Tax Profit Margin | 42.3 |
| Pre-Tax Profit Margin - 5YEAR AVRG. | 44.5 |
| Effective Tax Rate | 25.7 |
| Effective Tax Rate - 5YEAR AVRG. | 24.6 |
| EFFICIENCY RATIOS |
| Cash Conversion Cycle | 159 |
| Revenue per Employee | 290,177 |
| Net Income per Employee | 91,205 |
| Average Collection Period | 44 |
| Receivables Turnover | 7.8 |
| Day's Inventory Turnover Ratio | 115 |
| Inventory Turnover | 3.1 |
| Inventory/Sales | 6.3 |
| Accounts Payble/Sales | 0.90 |
| Assets/Revenue | 1.43 |
| Net Working Capital Turnover | 0.95 |
| Fixed Assets Turnover | 3.66 |
| Total Assets Turnover | 0.7 |
| Revenue per $ Cash | 5.93 |
| Revenue per $ Plant | 3.96 |
| Revenue per $ Common Equity | 1.72 |
| Revenue per $ Capital Invested | 0.82 |
| Selling, General & Adm/tive (SG&A) as % of Revenue | 11.7 |
| SG&A Expense as % of Revenue - 5YEAR AVRG. | 11.9 |
| Research & Devlopment (R&D) as % of Revenue | 17.7 |
| R&D Expense as % of Revenue - 5YEAR AVRG. | 17.7 |
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