Cerebras Systems Inc. (CBRS) vs SiTime Corporation (SITM)

Cerebras Systems Inc. and SiTime Corporation are both Semiconductors companies. Cerebras Systems Inc. is the larger, with a market value of $24.4B against $13.4B — 1.8× the size. Cerebras Systems Inc. has negative trailing earnings, so its P/E is not meaningful; SiTime Corporation trades at 787×. SiTime Corporation has the higher net margin (3.01% vs −63.9%) and the higher return on invested capital (−2.73% vs −21.1%). Across the 14 metrics below, SiTime Corporation leads on 11 and Cerebras Systems Inc. on 3.

Valuation

Metric CBRS SITM Semiconductors median
P/E n/m 786.51 43.75
P/S 25.26 23.57 7.08
P/B 1.59 10.76 4.85
Price to free cash flow n/m 131.93 48.66
EV/EBITDA n/m 341.49 24.70
EV/Sales 12.34 22.35 5.99
Earnings yield (1.43%) 0.13% 0.81%
Free cash flow yield (6.22%) 0.76% 0.78%

Profitability

Metric CBRS SITM Semiconductors median
Gross margin 32.17% 58.71% 52.21%
Operating margin (100.27%) (3.93%) 4.94%
Net margin (63.86%) 3.01% 4.26%
Free cash flow margin (157.07%) 17.86% 8.00%
Return on equity 0.00% 1.33% 3.17%
Return on assets (6.33%) 0.75% 2.03%
Return on invested capital (21.13%) (2.73%) 2.46%

Growth

Metric CBRS SITM Semiconductors median
Revenue growth (TTM) — 83.03% 15.93%
EPS growth (last fiscal year) — 57.53% 26.67%
Revenue growth, 5-year CAGR — 22.97% 5.60%
Net income growth, 5-year CAGR — 0.00% 0.00%

Health

Metric CBRS SITM Semiconductors median
Debt to equity 0.13 1.29 0.07
Current ratio 5.82 19.45 3.38
Net debt to EBITDA — 30.18 0.53

Dividend

Metric CBRS SITM Semiconductors median
Dividend yield — — 1.37%
Payout ratio — — 0.38

Size

Metric CBRS SITM Semiconductors median
Market cap 24.44b 13.44b 5.62b

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