Silicon Laboratories Inc.

NasdaqGS:SLAB Stock Report

Market Cap: US$3.2b

Silicon Laboratories Valuation

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

Below Fair Value: SLAB ($101.55) is trading below our estimate of fair value ($487.27)

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

Key Valuation Metric

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

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

The above table shows the Price to Sales ratio for SLAB. This is calculated by dividing SLAB's market cap by their current revenue.
What is SLAB's PS Ratio?
PS Ratio6.5x
SalesUS$504.98m
Market CapUS$3.19b

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for SLAB vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average4.5x
DIOD Diodes
2x11.0%US$2.5b
POWI Power Integrations
8.6x14.9%US$3.4b
SYNA Synaptics
3x10.5%US$2.9b
SMTC Semtech
4.5x16.6%US$3.6b
SLAB Silicon Laboratories
6.5x31.2%US$3.2b

Price-To-Sales vs Peers: SLAB is expensive based on its Price-To-Sales Ratio (6.5x) compared to the peer average (4.5x).

Price to Sales Ratio vs Industry

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

17 CompaniesPrice / SalesEstimated GrowthMarket Cap
JKS JinkoSolar Holding
0.08x13.1%US$1.11b
PENG Penguin Solutions
0.8x11.9%US$911.79m
CSIQ Canadian Solar
0.1x13.8%US$731.77m
SEDG SolarEdge Technologies
0.6x21.8%US$606.45m
SLAB 6.5xIndustry Avg. 3.7xNo. of Companies17PS03.26.49.612.816+
17 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: SLAB is expensive based on its Price-To-Sales Ratio (6.5x) compared to the US Semiconductor industry average (3.7x).

Price to Sales Ratio vs Fair Ratio

What is SLAB'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.

SLAB PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio6.5x
Fair PS Ratio7.4x

Price-To-Sales vs Fair Ratio: SLAB is good value based on its Price-To-Sales Ratio (6.5x) compared to the estimated Fair Price-To-Sales Ratio (7.4x).

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 SLAB forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$101.55
US$109.86
+8.2%
19.1%US$135.00US$75.00n/a7
Nov ’25US$106.23
US$139.00
+30.8%
11.5%US$160.00US$120.00n/a7
Oct ’25US$112.70
US$139.00
+23.3%
11.5%US$160.00US$120.00n/a7
Sep ’25US$118.37
US$139.75
+18.1%
10.8%US$160.00US$120.00n/a8
Aug ’25US$111.79
US$139.75
+25.0%
10.8%US$160.00US$120.00n/a8
Jul ’25US$109.43
US$141.33
+29.2%
11.6%US$160.00US$117.00n/a9
Jun ’25US$126.17
US$141.33
+12.0%
11.6%US$160.00US$117.00n/a9
May ’25US$118.80
US$140.57
+18.3%
11.2%US$160.00US$117.00n/a10
Apr ’25US$141.98
US$149.19
+5.1%
7.2%US$165.00US$133.70n/a9
Mar ’25US$141.64
US$149.19
+5.3%
7.2%US$165.00US$133.70n/a9
Feb ’25US$122.35
US$135.19
+10.5%
9.7%US$155.00US$112.00n/a9
Jan ’25US$132.27
US$112.38
-15.0%
19.5%US$145.00US$80.00n/a8
Dec ’24US$109.08
US$107.71
-1.3%
18.0%US$136.00US$80.00n/a7
Nov ’24US$87.17
US$125.57
+44.1%
20.7%US$165.00US$80.00US$106.237
Oct ’24US$115.89
US$160.43
+38.4%
17.9%US$190.00US$100.00US$112.707
Sep ’24US$135.22
US$160.43
+18.6%
17.9%US$190.00US$100.00US$118.377
Aug ’24US$146.90
US$160.43
+9.2%
17.9%US$190.00US$100.00US$111.797
Jul ’24US$157.74
US$171.86
+8.9%
19.6%US$209.00US$100.00US$109.437
Jun ’24US$145.34
US$171.86
+18.2%
19.6%US$209.00US$100.00US$126.177
May ’24US$141.60
US$174.86
+23.5%
19.4%US$209.00US$100.00US$118.807
Apr ’24US$175.09
US$187.57
+7.1%
19.9%US$220.00US$100.00US$141.987
Mar ’24US$178.23
US$187.57
+5.2%
19.9%US$220.00US$100.00US$141.647
Feb ’24US$179.00
US$170.86
-4.5%
22.3%US$220.00US$100.00US$122.357
Jan ’24US$135.67
US$148.00
+9.1%
18.7%US$175.00US$85.00US$132.277
Dec ’23US$142.36
US$145.13
+1.9%
16.5%US$170.00US$85.00US$109.088
Nov ’23US$117.06
US$146.38
+25.0%
16.6%US$170.00US$85.00US$87.178

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

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