PDF Solutions, Inc.

NasdaqGS:PDFS Stock Report

Market Cap: US$846.0m

PDF Solutions Valuation

Is PDFS 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 PDFS when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Discounted Cash Flow
Simply Wall St
US$24.76
Fair Value
14.0% undervalued intrinsic discount
4
Number of Analysts

Below Fair Value: PDFS ($21.3) is trading below our estimate of fair value ($24.76)

Significantly Below Fair Value: PDFS is trading below fair value, but not by a significant amount.

Key Valuation Metric

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

Key metric: As PDFS is barely profitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for PDFS. This is calculated by dividing PDFS's market cap by their current revenue.
What is PDFS's PS Ratio?
PS Ratio4.6x
SalesUS$179.47m
Market CapUS$846.03m

Price to Sales Ratio vs Peers

How does PDFS's PS Ratio compare to its peers?

The above table shows the PS ratio for PDFS vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average1.2x
VECO Veeco Instruments
1.7x3.1%US$1.2b
PLAB Photronics
1.5x5.1%US$1.3b
UCTT Ultra Clean Holdings
0.5x8.4%US$1.1b
SEDG SolarEdge Technologies
1x16.8%US$917.4m
PDFS PDF Solutions
4.6x17.8%US$846.0m

Price-To-Sales vs Peers: PDFS is expensive based on its Price-To-Sales Ratio (4.6x) compared to the peer average (1.2x).

Price to Sales Ratio vs Industry

How does PDFS's PS Ratio compare vs other companies in the US Semiconductor Industry?

17 CompaniesPrice / SalesEstimated GrowthMarket Cap
AMKR Amkor Technology
0.7x4.4%US$4.79b
JKS JinkoSolar Holding
0.08x8.1%US$1.13b
UCTT Ultra Clean Holdings
0.5x8.4%US$1.11b
PENG Penguin Solutions
0.7x11.8%US$894.75m
PDFS 4.6xIndustry Avg. 3.5xNo. of Companies17PS03.26.49.612.816+
17 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: PDFS is expensive based on its Price-To-Sales Ratio (4.6x) compared to the US Semiconductor industry average (3.5x).

Price to Sales Ratio vs Fair Ratio

What is PDFS'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.

PDFS PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio4.6x
Fair PS Ratio6.3x

Price-To-Sales vs Fair Ratio: PDFS is good value based on its Price-To-Sales Ratio (4.6x) compared to the estimated Fair Price-To-Sales Ratio (6.3x).

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 PDFS forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$21.30
US$36.25
+70.2%
1.2%US$37.00US$36.00n/a4
Mar ’26US$22.52
US$36.25
+61.0%
1.2%US$37.00US$36.00n/a4
Feb ’26US$27.86
US$41.25
+48.1%
6.3%US$45.00US$38.00n/a4
Jan ’26US$27.08
US$42.25
+56.0%
4.2%US$45.00US$40.00n/a4
Dec ’25US$31.60
US$42.25
+33.7%
4.2%US$45.00US$40.00n/a4
Nov ’25US$28.76
US$42.75
+48.6%
4.5%US$45.00US$40.00n/a4
Oct ’25US$30.30
US$42.75
+41.1%
4.5%US$45.00US$40.00n/a4
Sep ’25US$31.55
US$42.75
+35.5%
4.5%US$45.00US$40.00n/a4
Aug ’25US$33.13
US$42.75
+29.0%
4.5%US$45.00US$40.00n/a4
Jul ’25US$35.74
US$42.75
+19.6%
4.5%US$45.00US$40.00n/a4
Jun ’25US$35.02
US$42.75
+22.1%
4.5%US$45.00US$40.00n/a4
May ’25US$30.06
US$42.25
+40.6%
5.4%US$45.00US$40.00n/a4
Apr ’25US$33.40
US$42.25
+26.5%
5.4%US$45.00US$40.00n/a4
Mar ’25US$34.23
US$42.25
+23.4%
5.4%US$45.00US$40.00US$22.524
Feb ’25US$31.69
US$45.00
+42.0%
6.7%US$50.00US$42.00US$27.864
Jan ’25US$32.14
US$45.00
+40.0%
6.7%US$50.00US$42.00US$27.084
Dec ’24US$30.40
US$45.00
+48.0%
6.7%US$50.00US$42.00US$31.604
Nov ’24US$26.71
US$45.00
+68.5%
6.7%US$50.00US$42.00US$28.764
Oct ’24US$32.40
US$46.50
+43.5%
5.6%US$50.00US$44.00US$30.304
Sep ’24US$36.45
US$46.50
+27.6%
5.6%US$50.00US$44.00US$31.554
Aug ’24US$45.83
US$45.38
-1.0%
6.2%US$50.00US$42.50US$33.134
Jul ’24US$45.10
US$45.38
+0.6%
6.2%US$50.00US$42.50US$35.744
Jun ’24US$42.88
US$45.38
+5.8%
6.2%US$50.00US$42.50US$35.024
May ’24US$36.28
US$42.88
+18.2%
11.0%US$50.00US$37.50US$30.064
Apr ’24US$42.40
US$42.88
+1.1%
11.0%US$50.00US$37.50US$33.404
Mar ’24US$37.22
US$40.38
+8.5%
5.8%US$44.00US$37.50US$34.234
Analyst Price Target
Consensus Narrative from 4 Analysts
US$36.25
Fair Value
41.2% undervalued intrinsic discount
4
Number of Analysts

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/03/13 22:46
End of Day Share Price 2025/03/13 00:00
Earnings2024/12/31
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

PDF Solutions, Inc. is covered by 9 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Robert BurlesonCanaccord Genuity
Jonathan TanwantengCJS Securities, Inc.
Christian SchwabCraig-Hallum Capital Group LLC