SEALSQ Corp. (LAES) vs EVERSPIN TECH (MRAM)

SEALSQ Corp. and EVERSPIN TECH are both Semiconductors companies. SEALSQ Corp. is the larger, with a market value of $537.8M against $442.0M — 1.2× the size. Across the 9 metrics below, SEALSQ Corp. leads on 8 and EVERSPIN TECH on 1.

Valuation

Metric LAES MRAM Semiconductors median
P/E — n/m 49.41
P/S — 7.06 8.58
P/B n/m 6.03 5.49
Price to free cash flow n/m n/m 47.02
EV/EBITDA n/m n/m 30.78
EV/Sales n/m 6.45 8.79
Earnings yield — (0.58%) 0.62%
Free cash flow yield 0.00% (1.64%) 0.59%

Profitability

Metric LAES MRAM Semiconductors median
Gross margin — 52.28% 52.25%
Operating margin — (15.55%) 4.85%
Net margin — (4.22%) 4.77%
Free cash flow margin 0.00% (11.55%) 8.65%
Return on equity 0.00% (3.84%) 3.11%
Return on assets 0.00% (3.13%) 1.91%
Return on invested capital 0.00% (20.78%) 2.46%

Growth

Metric LAES MRAM Semiconductors median
Revenue growth (TTM) — 20.89% 16.66%
EPS growth (last fiscal year) 60.00% (175.00%) —
Revenue growth, 5-year CAGR — 5.60% 5.60%
Net income growth, 5-year CAGR — 0.00% 0.00%

Health

Metric LAES MRAM Semiconductors median
Debt to equity 0.00 0.00 0.05
Current ratio 14.43 4.74 3.35
Net debt to EBITDA 10.77 13.49 0.58

Dividend

Metric LAES MRAM Semiconductors median
Dividend yield — — 1.93%
Payout ratio — 0.00 0.00

Size

Metric LAES MRAM Semiconductors median
Market cap 537.84m 441.95m 5.67b

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