Silicon Laboratories Inc.

NasdaqGS:SLAB Stock Report

Mkt Cap: US$5.2b

We’ve recently updated our valuation analysis.

Silicon Laboratories Valuation

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

Valuation Score

0/6

Valuation Score 0/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

SLAB key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue4.5x
Enterprise Value/EBITDA27.9x
PEG Ratio-2.9x

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for SLAB vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average15.6x
TSEM Tower Semiconductor
20.3x4.6%US$4.7b
SYNA Synaptics
17.6x2.4%US$5.0b
MTSI MACOM Technology Solutions Holdings
10.6x-59.2%US$4.7b
CRUS Cirrus Logic
14x1.8%US$4.9b
SLAB Silicon Laboratories
73.1x-24.8%US$5.2b

Price-To-Earnings vs Peers: SLAB is expensive based on its Price-To-Earnings Ratio (73.1x) compared to the peer average (15.6x).


Price to Earnings Ratio vs Industry

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

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a16.6%
n/an/an/a

Price-To-Earnings vs Industry: SLAB is expensive based on its Price-To-Earnings Ratio (73.1x) compared to the US Semiconductor industry average (17.7x)


Price to Earnings Ratio vs Fair Ratio

What is SLAB'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.

SLAB PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio73.1x
Fair PE Ratio10x

Price-To-Earnings vs Fair Ratio: SLAB is expensive based on its Price-To-Earnings Ratio (73.1x) compared to the estimated Fair Price-To-Earnings Ratio (10x).


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 ($157.14) is trading above our estimate of fair value ($50.35)

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


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$157.14
US$151.57
-3.5%
15.0%US$175.00US$100.00n/a7
Jan ’24US$135.67
US$148.00
+9.1%
18.7%US$175.00US$85.00n/a7
Dec ’23US$142.36
US$145.13
+1.9%
16.5%US$170.00US$85.00n/a8
Nov ’23US$117.06
US$146.38
+25.0%
16.6%US$170.00US$85.00n/a8
Oct ’23US$123.44
US$165.67
+34.2%
8.7%US$190.00US$140.00n/a9
Sep ’23US$118.32
US$165.67
+40.0%
8.7%US$190.00US$140.00n/a9
Aug ’23US$148.74
US$165.67
+11.4%
8.7%US$190.00US$140.00n/a9
Jul ’23US$128.39
US$178.44
+39.0%
16.8%US$240.00US$140.00n/a9
Jun ’23US$148.32
US$178.44
+20.3%
16.8%US$240.00US$140.00n/a9
May ’23US$134.91
US$178.67
+32.4%
16.7%US$240.00US$140.00n/a9
Apr ’23US$148.84
US$201.11
+35.1%
12.4%US$230.00US$160.00n/a9
Mar ’23US$148.55
US$201.11
+35.4%
9.9%US$225.00US$162.00n/a9
Feb ’23US$165.42
US$203.89
+23.3%
7.7%US$225.00US$180.00n/a9
Jan ’23US$206.42
US$201.11
-2.6%
10.1%US$225.00US$160.00US$135.679
Dec ’22US$195.48
US$195.44
-0.02%
9.3%US$225.00US$160.00US$142.369
Nov ’22US$193.17
US$192.67
-0.3%
7.9%US$210.00US$160.00US$117.069
Oct ’22US$140.34
US$167.00
+19.0%
12.6%US$195.00US$125.00US$123.449
Sep ’22US$159.00
US$167.00
+5.0%
12.6%US$195.00US$125.00US$118.329
Aug ’22US$148.99
US$168.50
+13.1%
13.0%US$195.00US$125.00US$148.748
Jul ’22US$151.80
US$167.00
+10.0%
11.1%US$195.00US$135.00US$128.3910
Jun ’22US$135.93
US$169.09
+24.4%
11.1%US$195.00US$135.00US$148.3211
May ’22US$140.95
US$171.64
+21.8%
9.1%US$195.00US$150.00US$134.9111
Apr ’22US$147.92
US$159.58
+7.9%
12.1%US$195.00US$130.00US$148.8412
Mar ’22US$162.10
US$159.58
-1.6%
12.1%US$195.00US$130.00US$148.5512
Feb ’22US$137.35
US$133.67
-2.7%
14.3%US$165.00US$105.00US$165.4212
Jan ’22US$127.34
US$119.00
-6.5%
9.6%US$140.00US$105.00US$206.4211

Analyst Forecast: Target price is lower than the current share price.


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