Silicon Motion Technology Corporation (SIMO) vs Semtech Corporation (SMTC)

Silicon Motion Technology Corporation and Semtech Corporation are both Semiconductors companies. Semtech Corporation is the larger, with a market value of $8.5B against $5.3B — 1.6× the size. Silicon Motion Technology Corporation trades at the lower P/E: 17.0× against 55.9×. Silicon Motion Technology Corporation grew revenue faster over the last twelve months: 104.4% against 17.8%. Silicon Motion Technology Corporation has the higher net margin (19.4% vs 13.1%) and the higher return on invested capital (15.4% vs 5.68%). Across the 21 metrics below, Silicon Motion Technology Corporation leads on 14 and Semtech Corporation on 7.

Valuation

Metric SIMO SMTC Semiconductors median
P/E 16.99 55.89 36.98
P/S 3.30 7.37 6.03
P/B 5.14 11.56 3.87
Price to free cash flow n/m 47.05 43.80
EV/EBITDA 14.76 62.11 20.84
EV/Sales 3.47 7.62 5.07
Earnings yield 5.89% 1.79% 1.13%
Free cash flow yield (7.55%) 2.13% 1.06%

Profitability

Metric SIMO SMTC Semiconductors median
Gross margin 50.54% 52.12% 52.21%
Operating margin 21.30% 8.04% 5.47%
Net margin 19.36% 13.12% 4.26%
Free cash flow margin (24.90%) 15.66% 5.02%
Return on equity 0.00% 23.66% 2.86%
Return on assets 16.24% 10.09% 2.03%
Return on invested capital 15.39% 5.68% 2.28%

Growth

Metric SIMO SMTC Semiconductors median
Revenue growth (TTM) 104.40% 17.84% 17.60%
EPS growth (last fiscal year) 37.53% 79.65% 27.66%
Revenue growth, 5-year CAGR 10.42% 12.03% 5.14%
Net income growth, 5-year CAGR 8.99% 0.00% 0.00%

Health

Metric SIMO SMTC Semiconductors median
Debt to equity 1.00 0.66 0.12
Current ratio 5.68 1.70 3.39
Net debt to EBITDA (1.64) 3.54 0.53

Dividend

Metric SIMO SMTC Semiconductors median
Dividend yield 1.62% — 1.62%
Payout ratio 0.28 — 0.38

Size

Metric SIMO SMTC Semiconductors median
Market cap 5.30b 8.54b 5.69b

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