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SITM

SiTime NasdaqGM:SITM Stock Report

Last Price

US$198.38

Market Cap

US$3.9b

7D

14.4%

1Y

135.0%

Updated

17 May, 2022

Data

Company Financials +
SITM fundamental analysis
Snowflake Score
Valuation2/6
Future Growth4/6
Past Performance3/6
Financial Health6/6
Dividends0/6

SITM Stock Overview

SiTime Corporation designs, develops, and sells silicon timing systems solutions in Taiwan, Hong Kong, the United States, and internationally.

SiTime Competitors

Price History & Performance

Summary of all time highs, changes and price drops for SiTime
Historical stock prices
Current Share PriceUS$198.38
52 Week HighUS$341.77
52 Week LowUS$82.02
Beta1.51
1 Month Change7.38%
3 Month Change-8.61%
1 Year Change134.99%
3 Year Changen/a
5 Year Changen/a
Change since IPO963.70%

Recent News & Updates

May 06
SiTime (NASDAQ:SITM) Could Be Struggling To Allocate Capital

SiTime (NASDAQ:SITM) Could Be Struggling To Allocate Capital

There are a few key trends to look for if we want to identify the next multi-bagger. One common approach is to try and...

Shareholder Returns

SITMUS SemiconductorUS Market
7D14.4%5.2%2.7%
1Y135.0%9.5%-8.1%

Return vs Industry: SITM exceeded the US Semiconductor industry which returned 3.5% over the past year.

Return vs Market: SITM exceeded the US Market which returned -10.8% over the past year.

Price Volatility

Is SITM's price volatile compared to industry and market?
SITM volatility
SITM Average Weekly Movement13.2%
Semiconductor Industry Average Movement8.7%
Market Average Movement7.8%
10% most volatile stocks in US Market16.9%
10% least volatile stocks in US Market2.9%

Stable Share Price: SITM is more volatile than 75% of US stocks over the past 3 months, typically moving +/- 13% a week.

Volatility Over Time: SITM's weekly volatility (13%) has been stable over the past year, but is still higher than 75% of US stocks.

About the Company

FoundedEmployeesCEOWebsite
2003279Rajesh Vashisthttps://www.sitime.com

SiTime Corporation designs, develops, and sells silicon timing systems solutions in Taiwan, Hong Kong, the United States, and internationally. The company provides resonators and clock integrated circuits, and various types of oscillators. Its solutions have applications in various markets, including communications and enterprise, automotive, industrial, Internet of Things, mobile, consumer, and aerospace and defense.

SiTime Fundamentals Summary

How do SiTime's earnings and revenue compare to its market cap?
SITM fundamental statistics
Market CapUS$3.89b
Earnings (TTM)US$41.98m
Revenue (TTM)US$253.52m

99.4x

P/E Ratio

16.5x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
SITM income statement (TTM)
RevenueUS$253.52m
Cost of RevenueUS$87.64m
Gross ProfitUS$165.88m
Other ExpensesUS$123.90m
EarningsUS$41.98m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)2.00
Gross Margin65.43%
Net Profit Margin16.56%
Debt/Equity Ratio0%

How did SITM perform over the long term?

See historical performance and comparison

Valuation

Is SiTime undervalued compared to its fair value and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Below Fair Value

  • Significantly Below Fair Value

  • PE vs Industry

  • PE vs Market

  • PEG Ratio

  • PB vs Industry


25.6%

Undervalued compared to fair value

Share Price vs. Fair Value

Below Fair Value: SITM ($198.38) is trading below our estimate of fair value ($266.62)

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


Price To Earnings Ratio

PE vs Industry: SITM is poor value based on its PE Ratio (99.4x) compared to the US Semiconductor industry average (19x).

PE vs Market: SITM is poor value based on its PE Ratio (99.4x) compared to the US market (15.5x).


Price to Earnings Growth Ratio

PEG Ratio: SITM is poor value based on its PEG Ratio (4.4x)


Price to Book Ratio

PB vs Industry: SITM is overvalued based on its PB Ratio (6.4x) compared to the US Semiconductor industry average (3.4x).


Future Growth

How is SiTime forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?

Future Growth Score

4/6

Future Growth Score 4/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


22.5%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: SITM's forecast earnings growth (22.5% per year) is above the savings rate (1.9%).

Earnings vs Market: SITM's earnings (22.5% per year) are forecast to grow faster than the US market (12.5% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: SITM's revenue (18.8% per year) is forecast to grow faster than the US market (7.9% per year).

High Growth Revenue: SITM's revenue (18.8% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: SITM's Return on Equity is forecast to be low in 3 years time (15.3%).


Past Performance

How has SiTime performed over the past 5 years?

Past Performance Score

3/6

Past Performance Score 3/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


64.2%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: SITM has high quality earnings.

Growing Profit Margin: SITM became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: SITM's earnings have grown significantly by 64.2% per year over the past 5 years.

Accelerating Growth: SITM has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: SITM has become profitable in the last year, making it difficult to compare its past year earnings growth to the Semiconductor industry (70.5%).


Return on Equity

High ROE: SITM's Return on Equity (6.4%) is considered low.


Financial Health

How is SiTime's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: SITM's short term assets ($637.7M) exceed its short term liabilities ($34.1M).

Long Term Liabilities: SITM's short term assets ($637.7M) exceed its long term liabilities ($10.1M).


Debt to Equity History and Analysis

Debt Level: SITM is debt free.

Reducing Debt: SITM had no debt 5 years ago.

Debt Coverage: SITM has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: SITM has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


Dividend

What is SiTime current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage

Dividend Yield vs Market

Notable Dividend: Unable to evaluate SITM's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate SITM's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if SITM's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if SITM's dividend payments have been increasing.


Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as SITM has not reported any payouts.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

6.0yrs

Average management tenure


CEO

Rajesh Vashist (63 yo)

14.67yrs

Tenure

US$10,912,539

Compensation

Mr. Rajesh Vashist has been the Chief Executive Officer and President of SiTime Corporation since September 4, 2007, serves as its Chairman since November 1, 2019, and serves as its President. Mr. Vashist...


CEO Compensation Analysis

Compensation vs Market: Rajesh's total compensation ($USD10.91M) is above average for companies of similar size in the US market ($USD6.90M).

Compensation vs Earnings: Rajesh's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: SITM's management team is seasoned and experienced (6 years average tenure).


Board Members

Experienced Board: SITM's board of directors are not considered experienced ( 2.5 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: SITM insiders have only sold shares in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 11.7%.


Top Shareholders

Company Information

SiTime Corporation's employee growth, exchange listings and data sources


Key Information

  • Name: SiTime Corporation
  • Ticker: SITM
  • Exchange: NasdaqGM
  • Founded: 2003
  • Industry: Semiconductors
  • Sector: Semiconductors
  • Implied Market Cap: US$3.887b
  • Shares outstanding: 21.04m
  • Website: https://www.sitime.com

Number of Employees


Location

  • SiTime Corporation
  • 5451 Patrick Henry Drive
  • Santa Clara
  • California
  • 95054
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/05/17 00:00
End of Day Share Price2022/05/17 00:00
Earnings2022/03/31
Annual Earnings2021/12/31


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 here.