Cirrus Logic, Inc. (CRUS) vs Rambus, Inc. (RMBS)

Cirrus Logic, Inc. and Rambus, Inc. are both Semiconductors companies. Rambus, Inc. is the larger, with a market value of $8.9B against $5.8B — 1.5× the size. Cirrus Logic, Inc. trades at the lower P/E: 13.5× against 28.7×. Rambus, Inc. grew revenue faster over the last twelve months: 17.3% against 5.13%. Rambus, Inc. has the higher net margin (33.4% vs 20.2%) and the higher return on invested capital (28.2% vs 20.0%). Across the 21 metrics below, Rambus, Inc. leads on 11 and Cirrus Logic, Inc. on 10.

Valuation

Metric CRUS RMBS Semiconductors median
P/E 13.50 28.65 36.98
P/S 2.69 9.50 6.03
P/B 2.51 5.34 3.87
Price to free cash flow 10.48 24.41 43.80
EV/EBITDA 9.39 20.84 20.84
EV/Sales 2.35 8.74 5.07
Earnings yield 7.41% 3.49% 1.13%
Free cash flow yield 9.54% 4.10% 1.06%

Profitability

Metric CRUS RMBS Semiconductors median
Gross margin 53.12% 79.14% 52.21%
Operating margin 22.46% 36.30% 5.47%
Net margin 20.20% 33.40% 4.26%
Free cash flow margin 25.66% 39.31% 5.02%
Return on equity 19.54% 19.65% 2.86%
Return on assets 16.49% 17.94% 2.03%
Return on invested capital 19.96% 28.18% 2.28%

Growth

Metric CRUS RMBS Semiconductors median
Revenue growth (TTM) 5.13% 17.34% 17.60%
EPS growth (last fiscal year) 30.83% 27.88% 27.66%
Revenue growth, 5-year CAGR 7.84% 23.50% 5.14%
Net income growth, 5-year CAGR 13.78% 0.00% 0.00%

Health

Metric CRUS RMBS Semiconductors median
Debt to equity 0.00 0.00 0.12
Current ratio 6.41 9.38 3.39
Net debt to EBITDA (1.73) (2.52) 0.53

Dividend

Metric CRUS RMBS Semiconductors median
Dividend yield — — 1.62%
Payout ratio — — 0.38

Size

Metric CRUS RMBS Semiconductors median
Market cap 5.81b 8.88b 5.69b

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