SiTime Corporation (SITM) vs Silicon Laboratories, Inc. (SLAB)

SiTime Corporation and Silicon Laboratories, Inc. are both Semiconductors companies. SiTime Corporation is the larger, with a market value of $13.4B against $7.4B — 1.8× the size. Silicon Laboratories, Inc. has negative trailing earnings, so its P/E is not meaningful; SiTime Corporation trades at 787×. SiTime Corporation grew revenue faster over the last twelve months: 83.0% against 21.7%. SiTime Corporation has the higher net margin (3.01% vs −4.57%) and the higher return on invested capital (−2.73% vs −3.88%). Across the 18 metrics below, SiTime Corporation leads on 11 and Silicon Laboratories, Inc. on 7.

Valuation

Metric SITM SLAB Semiconductors median
P/E 786.51 n/m 43.75
P/S 23.57 8.63 7.08
P/B 10.76 6.75 4.85
Price to free cash flow 131.93 n/m 48.66
EV/EBITDA 341.49 n/m 24.70
EV/Sales 22.35 8.84 5.99
Earnings yield 0.13% (0.53%) 0.81%
Free cash flow yield 0.76% (0.07%) 0.78%

Profitability

Metric SITM SLAB Semiconductors median
Gross margin 58.71% 60.61% 52.21%
Operating margin (3.93%) (5.06%) 4.94%
Net margin 3.01% (4.57%) 4.26%
Free cash flow margin 17.86% (0.63%) 8.00%
Return on equity 1.33% (3.63%) 3.17%
Return on assets 0.75% (3.16%) 2.03%
Return on invested capital (2.73%) (3.88%) 2.46%

Growth

Metric SITM SLAB Semiconductors median
Revenue growth (TTM) 83.03% 21.71% 15.93%
EPS growth (last fiscal year) 57.53% 66.61% 26.67%
Revenue growth, 5-year CAGR 22.97% 8.96% 5.60%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric SITM SLAB Semiconductors median
Debt to equity 1.29 0.00 0.07
Current ratio 19.45 5.41 3.38
Net debt to EBITDA 30.18 13.67 0.53

Dividend

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

Size

Metric SITM SLAB Semiconductors median
Market cap 13.44b 7.42b 5.62b

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