SiTime Corporation (SITM) vs Semtech Corporation (SMTC)

SiTime Corporation and Semtech Corporation are both Semiconductors companies. SiTime Corporation is the larger, with a market value of $19.7B against $16.9B — 1.2× the size. Semtech Corporation trades at the lower P/E: 110× against 1,250×. SiTime Corporation grew revenue faster over the last twelve months: 83.0% against 17.8%. Semtech Corporation has the higher net margin (13.1% vs 3.01%) and the higher return on invested capital (5.68% vs −2.73%). Across the 21 metrics below, Semtech Corporation leads on 15 and SiTime Corporation on 6.

Valuation

Metric SITM SMTC Semiconductors median
P/E 1,249.57 109.82 49.41
P/S 37.44 14.48 8.58
P/B 17.09 22.71 5.49
Price to free cash flow 209.60 92.45 47.02
EV/EBITDA 552.41 120.12 30.78
EV/Sales 36.16 14.73 8.79
Earnings yield 0.08% 0.91% 0.62%
Free cash flow yield 0.48% 1.08% 0.59%

Profitability

Metric SITM SMTC Semiconductors median
Gross margin 58.71% 52.12% 52.25%
Operating margin (3.93%) 8.04% 4.85%
Net margin 3.01% 13.12% 4.77%
Free cash flow margin 17.86% 15.66% 8.65%
Return on equity 1.33% 23.66% 3.11%
Return on assets 0.75% 10.09% 1.91%
Return on invested capital (2.73%) 5.68% 2.46%

Growth

Metric SITM SMTC Semiconductors median
Revenue growth (TTM) 83.03% 17.84% 16.66%
EPS growth (last fiscal year) 57.53% 79.65% —
Revenue growth, 5-year CAGR 22.97% 12.03% 5.60%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric SITM SMTC Semiconductors median
Debt to equity 1.29 0.66 0.05
Current ratio 19.45 1.70 3.35
Net debt to EBITDA 30.18 3.54 0.58

Dividend

Metric SITM SMTC Semiconductors median
Dividend yield — — 1.93%
Payout ratio 0.00 0.00 0.00

Size

Metric SITM SMTC Semiconductors median
Market cap 19.66b 16.85b 5.67b

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