Lattice Semiconductor Corporation

DB:LTT Stock Report

Market Cap: €7.2b

Lattice Semiconductor Valuation

Is LTT undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of LTT when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: LTT (€50.94) is trading above our estimate of fair value (€45.4)

Significantly Below Fair Value: LTT is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for LTT?

Key metric: As LTT is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for LTT. This is calculated by dividing LTT's market cap by their current earnings.
What is LTT's PE Ratio?
PE Ratio52.2x
EarningsUS$143.32m
Market CapUS$7.48b

Price to Earnings Ratio vs Peers

How does LTT's PE Ratio compare to its peers?

The above table shows the PE ratio for LTT vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average15.1x
IFX Infineon Technologies
22.3x17.0%€39.0b
ELG Elmos Semiconductor
10.5x4.1%€1.1b
AIXA AIXTRON
12.8x6.2%€1.5b
WAF Siltronic
14.8x-17.0%€1.4b
LTT Lattice Semiconductor
52.2x9.4%€7.5b

Price-To-Earnings vs Peers: LTT is expensive based on its Price-To-Earnings Ratio (52.2x) compared to the peer average (15.1x).

Price to Earnings Ratio vs Industry

How does LTT's PE Ratio compare vs other companies in the European Semiconductor Industry?

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
LTT 52.2xIndustry Avg. 14.8xNo. of Companies7PE01632486480+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: LTT is expensive based on its Price-To-Earnings Ratio (52.2x) compared to the European Semiconductor industry average (14.8x).

Price to Earnings Ratio vs Fair Ratio

What is LTT's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

LTT PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio52.2x
Fair PE Ratio21.3x

Price-To-Earnings vs Fair Ratio: LTT is expensive based on its Price-To-Earnings Ratio (52.2x) compared to the estimated Fair Price-To-Earnings Ratio (21.3x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst LTT forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€50.94
€50.36
-1.1%
18.5%€77.80€39.36n/a13
Nov ’25€47.21
€54.62
+15.7%
15.0%€76.38€42.23n/a13
Oct ’25€47.27
€54.62
+15.6%
15.0%€76.38€42.23n/a13
Sep ’25€43.39
€54.34
+25.3%
15.6%€76.47€42.29n/a13
Aug ’25€47.26
€59.69
+26.3%
17.0%€78.63€43.48n/a12
Jul ’25€53.87
€74.71
+38.7%
8.4%€82.15€62.54n/a12
Jun ’25€70.53
€75.10
+6.5%
7.8%€81.68€62.19n/a11
May ’25€71.95
€74.83
+4.0%
7.5%€79.63€62.77n/a11
Apr ’25€73.33
€70.90
-3.3%
9.2%€78.55€55.45n/a12
Mar ’25€71.92
€70.90
-1.4%
9.2%€78.55€55.45n/a12
Feb ’25€56.89
€70.52
+24.0%
12.2%€87.92€55.53n/a12
Jan ’25€63.85
€68.36
+7.1%
9.1%€77.97€55.04n/a12
Dec ’24€54.86
€68.24
+24.4%
9.2%€78.10€55.13n/a12
Nov ’24€50.01
€74.59
+49.1%
13.7%€93.55€56.69€47.2112
Oct ’24€81.75
€96.16
+17.6%
7.6%€104.05€77.56€47.2711
Sep ’24€88.41
€94.68
+7.1%
7.6%€101.78€75.87€43.3910
Aug ’24€84.07
€92.35
+9.8%
8.5%€100.16€74.66€47.2610
Jul ’24€88.01
€91.20
+3.6%
8.1%€101.72€75.83€53.8710
Jun ’24€76.30
€91.20
+19.5%
8.1%€101.72€75.83€70.5310
May ’24€70.97
€84.63
+19.3%
17.4%€100.27€45.58€71.9510
Apr ’24€86.60
€83.71
-3.3%
18.5%€103.75€47.16€73.3310
Mar ’24€79.63
€83.71
+5.1%
18.5%€103.75€47.16€71.9210
Feb ’24€70.78
€68.55
-3.2%
18.0%€87.31€45.95€56.8910
Jan ’24€59.35
€70.11
+18.1%
17.5%€90.38€47.57€63.8510
Dec ’23€66.90
€68.10
+1.8%
17.7%€91.26€48.03€54.8610
Nov ’23€53.26
€70.87
+33.1%
18.6%€96.18€50.62€50.019

Analyst Forecast: Target price is less than 20% higher than the current share price.

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