CEVA, Inc.

LSE:0Q19 Stock Report

Market Cap: US$508.9m

CEVA Valuation

Is 0Q19 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of 0Q19 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Discounted Cash Flow
Simply Wall St
US$28.62
Fair Value
28.0% undervalued intrinsic discount
6
Number of Analysts

Below Fair Value: 0Q19 ($20.62) is trading below our estimate of fair value ($28.62)

Significantly Below Fair Value: 0Q19 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 0Q19?

Key metric: As 0Q19 is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for 0Q19. This is calculated by dividing 0Q19's market cap by their current revenue.
What is 0Q19's PS Ratio?
PS Ratio4.4x
SalesUS$109.11m
Market CapUS$508.94m

Price to Sales Ratio vs Peers

How does 0Q19's PS Ratio compare to its peers?

The above table shows the PS ratio for 0Q19 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average2.9x
AWE Alphawave IP Group
6.1x23.10%UK£1.4b
ENSI EnSilica
1.6x19.08%UK£39.1m
CML CML Microsystems
1.5xn/aUK£38.2m
KMK Kromek Group
2.5x16.51%UK£40.4m
0Q19 CEVA
4.4x9.42%US$508.9m

Price-To-Sales vs Peers: 0Q19 is expensive based on its Price-To-Sales Ratio (4.4x) compared to the peer average (2.9x).

Price to Sales Ratio vs Industry

How does 0Q19's PS Ratio compare vs other companies in the European Semiconductor Industry?

11 CompaniesPrice / SalesEstimated GrowthMarket Cap
0Q19 4.4xIndustry Avg. 2.2xNo. of Companies11PS01.63.24.86.48+
11 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: 0Q19 is expensive based on its Price-To-Sales Ratio (4.4x) compared to the European Semiconductor industry average (2.3x).

Price to Sales Ratio vs Fair Ratio

What is 0Q19's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

0Q19 PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio4.4x
Fair PS Ratio4.6x

Price-To-Sales vs Fair Ratio: 0Q19 is good value based on its Price-To-Sales Ratio (4.4x) compared to the estimated Fair Price-To-Sales Ratio (4.6x).

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 0Q19 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$20.62
US$31.83
+54.38%
18.97%US$40.00US$21.00n/a6
Jun ’26US$18.50
US$31.83
+72.07%
18.97%US$40.00US$21.00n/a6
May ’26US$26.63
US$37.17
+39.57%
20.46%US$45.00US$21.00n/a6
Apr ’26US$25.82
US$37.17
+43.95%
20.46%US$45.00US$21.00n/a6
Mar ’26US$33.98
US$37.17
+9.38%
20.46%US$45.00US$21.00n/a6
Feb ’26US$32.37
US$33.50
+3.49%
17.64%US$40.00US$21.00n/a6
Jan ’26US$31.68
US$33.50
+5.74%
17.64%US$40.00US$21.00n/a6
Dec ’25US$29.17
US$32.83
+12.56%
18.05%US$40.00US$21.00n/a6
Nov ’25US$23.64
US$27.83
+17.74%
14.13%US$33.00US$21.00n/a6
Oct ’25US$23.78
US$27.83
+17.05%
14.13%US$33.00US$21.00n/a6
Sep ’25US$23.94
US$27.86
+16.36%
13.07%US$33.00US$21.00n/a7
Aug ’25US$18.93
US$26.57
+40.37%
14.90%US$31.00US$20.00n/a7
Jul ’25US$19.42
US$26.57
+36.83%
14.90%US$31.00US$20.00n/a7
Jun ’25US$19.70
US$26.57
+34.88%
14.90%US$31.00US$20.00US$18.507
May ’25US$19.85
US$27.86
+40.34%
7.29%US$31.00US$25.00US$26.637
Apr ’25US$22.74
US$27.86
+22.50%
7.29%US$31.00US$25.00US$25.827
Mar ’25US$23.55
US$27.86
+18.29%
7.29%US$31.00US$25.00US$33.987
Feb ’25US$19.44
US$24.57
+26.40%
9.45%US$28.00US$20.00US$32.377
Jan ’25US$22.80
US$24.57
+7.77%
9.45%US$28.00US$20.00US$31.687
Dec ’24US$21.84
US$24.57
+12.51%
9.45%US$28.00US$20.00US$29.177
Nov ’24US$17.11
US$26.71
+56.13%
17.30%US$35.00US$20.00US$23.647
Oct ’24US$20.23
US$28.14
+39.15%
26.89%US$45.00US$20.00US$23.787
Sep ’24US$23.46
US$28.14
+19.99%
26.89%US$45.00US$20.00US$23.947
Aug ’24US$26.64
US$32.86
+23.34%
18.93%US$45.00US$23.00US$18.937
Jul ’24n/a
US$32.86
0%
18.93%US$45.00US$23.00US$19.427
Jun ’24US$24.86
US$32.86
+32.17%
18.93%US$45.00US$23.00US$19.707
AnalystConsensusTarget
Consensus Narrative from 6 Analysts
US$33.00
Fair Value
37.5% undervalued intrinsic discount
6
Number of Analysts

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/06/13 14:59
End of Day Share Price 2025/06/13 00:00
Earnings2025/03/31
Annual Earnings2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

CEVA, Inc. is covered by 21 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Joseph WolfBarclays
Tavy RosnerBarclays
Gary MobleyBenchmark Company