Silicon Laboratories, Inc. (SLAB) vs Semtech Corporation (SMTC)

Silicon Laboratories, Inc. and Semtech Corporation are both Semiconductors companies. Semtech Corporation is the larger, with a market value of $13.5B against $7.4B — 1.8× the size. Silicon Laboratories, Inc. has negative trailing earnings, so its P/E is not meaningful; Semtech Corporation trades at 82.4×. Silicon Laboratories, Inc. grew revenue faster over the last twelve months: 21.7% against 17.8%. Semtech Corporation has the higher net margin (13.1% vs −4.57%) and the higher return on invested capital (5.68% vs −3.88%). Across the 18 metrics below, Semtech Corporation leads on 11 and Silicon Laboratories, Inc. on 7.

Valuation

Metric SLAB SMTC Semiconductors median
P/E n/m 82.37 45.58
P/S 8.57 10.86 7.63
P/B 6.70 17.03 4.90
Price to free cash flow n/m 69.34 48.34
EV/EBITDA n/m 90.59 28.36
EV/Sales 8.78 11.11 7.15
Earnings yield (0.53%) 1.21% 0.75%
Free cash flow yield (0.07%) 1.44% 0.67%

Profitability

Metric SLAB SMTC Semiconductors median
Gross margin 60.61% 52.12% 52.28%
Operating margin (5.06%) 8.04% 4.76%
Net margin (4.57%) 13.12% 4.26%
Free cash flow margin (0.63%) 15.66% 8.47%
Return on equity (3.63%) 23.66% 2.59%
Return on assets (3.16%) 10.09% 1.78%
Return on invested capital (3.88%) 5.68% 2.27%

Growth

Metric SLAB SMTC Semiconductors median
Revenue growth (TTM) 21.71% 17.84% 16.92%
EPS growth (last fiscal year) 66.61% 79.65% 27.17%
Revenue growth, 5-year CAGR 8.96% 12.03% 5.83%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric SLAB SMTC Semiconductors median
Debt to equity 0.00 0.66 0.05
Current ratio 5.41 1.70 3.28
Net debt to EBITDA 13.67 3.54 0.58

Dividend

Metric SLAB SMTC Semiconductors median
Dividend yield — — 1.19%
Payout ratio — — 0.40

Size

Metric SLAB SMTC Semiconductors median
Market cap 7.38b 13.46b 5.43b

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