Rambus, Inc. (RMBS) vs Silicon Laboratories, Inc. (SLAB)

Rambus, Inc. and Silicon Laboratories, Inc. are both Semiconductors companies. Rambus, Inc. is the larger, with a market value of $11.5B against $7.4B — 1.6× the size. Silicon Laboratories, Inc. has negative trailing earnings, so its P/E is not meaningful; Rambus, Inc. trades at 47.6×. Silicon Laboratories, Inc. grew revenue faster over the last twelve months: 21.7% against 17.2%. Rambus, Inc. has the higher net margin (31.7% vs −4.57%) and the higher return on invested capital (26.2% vs −3.88%). Across the 17 metrics below, Rambus, Inc. leads on 12 and Silicon Laboratories, Inc. on 5.

Valuation

Metric RMBS SLAB Semiconductors median
P/E 47.58 n/m 49.41
P/S 15.08 8.58 8.58
P/B 7.77 6.71 5.49
Price to free cash flow 38.45 n/m 47.02
EV/EBITDA 33.87 n/m 30.78
EV/Sales 14.02 8.79 8.79
Earnings yield 2.10% (0.53%) 0.62%
Free cash flow yield 2.60% (0.07%) 0.59%

Profitability

Metric RMBS SLAB Semiconductors median
Gross margin 79.47% 60.61% 52.25%
Operating margin 35.51% (5.06%) 4.85%
Net margin 31.69% (4.57%) 4.77%
Free cash flow margin 39.60% (0.63%) 8.65%
Return on equity 17.79% (3.63%) 3.11%
Return on assets 15.56% (3.16%) 1.91%
Return on invested capital 26.16% (3.88%) 2.46%

Growth

Metric RMBS SLAB Semiconductors median
Revenue growth (TTM) 17.17% 21.71% 16.66%
EPS growth (last fiscal year) 27.88% 66.61% —
Revenue growth, 5-year CAGR 23.50% 8.96% 5.60%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric RMBS SLAB Semiconductors median
Debt to equity 0.00 0.00 0.05
Current ratio 9.75 5.41 3.35
Net debt to EBITDA (2.52) 13.67 0.58

Dividend

Metric RMBS SLAB Semiconductors median
Dividend yield — — 1.93%
Payout ratio 0.00 0.00 0.00

Size

Metric RMBS SLAB Semiconductors median
Market cap 11.51b 7.39b 5.67b

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