Tower Semiconductor Ltd., an independent semiconductor foundry, manufactures and markets analog intensive mixed-signal semiconductor devices in the United States, Japan, Asia, and Europe.
Flawless balance sheet and fair value.
Share Price & News
How has Tower Semiconductor's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: TSEM has not had significant price volatility in the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: TSEM exceeded the US Semiconductor industry which returned 48.5% over the past year.
Return vs Market: TSEM exceeded the US Market which returned 24.7% over the past year.
Price Volatility Vs. Market
How volatile is Tower Semiconductor's share price compared to the market and industry in the last 5 years?
Simply Wall St News
3 days ago | Simply Wall StShould Tower Semiconductor Ltd.’s (NASDAQ:TSEM) Weak Investment Returns Worry You?
1 month ago | Simply Wall StDoes Tower Semiconductor's (NASDAQ:TSEM) Statutory Profit Adequately Reflect Its Underlying Profit?
1 month ago | Simply Wall StDo You Know What Tower Semiconductor Ltd.'s (NASDAQ:TSEM) P/E Ratio Means?
Is Tower Semiconductor undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: TSEM ($25.49) is trading above our estimate of fair value ($22.93)
Significantly Below Fair Value: TSEM is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: TSEM is good value based on its PE Ratio (25.1x) compared to the Semiconductor industry average (34.5x).
PE vs Market: TSEM is poor value based on its PE Ratio (25.1x) compared to the US market (18.9x).
Price to Earnings Growth Ratio
PEG Ratio: TSEM is good value based on its PEG Ratio (0.8x)
Price to Book Ratio
PB vs Industry: TSEM is good value based on its PB Ratio (2.1x) compared to the US Semiconductor industry average (3.3x).
How is Tower Semiconductor forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: TSEM's forecast earnings growth (29.7% per year) is above the savings rate (1.7%).
Earnings vs Market: TSEM's earnings (29.7% per year) are forecast to grow faster than the US market (14.3% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: TSEM's revenue (5.3% per year) is forecast to grow slower than the US market (7.5% per year).
High Growth Revenue: TSEM's revenue (5.3% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if TSEM's Return on Equity is forecast to be high in 3 years time
How has Tower Semiconductor performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: TSEM has high quality earnings.
Growing Profit Margin: TSEM's current net profit margins (8.5%) are lower than last year (18.4%).
Past Earnings Growth Analysis
Earnings Trend: TSEM has become profitable over the past 5 years, growing earnings by 36.3% per year.
Accelerating Growth: TSEM's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: TSEM had negative earnings growth (-56.1%) over the past year, making it difficult to compare to the Semiconductor industry average (-15.8%).
Return on Equity
High ROE: TSEM's Return on Equity (7.9%) is considered low.
Return on Assets
Return on Capital Employed
How is Tower Semiconductor's financial position?
Financial Position Analysis
Short Term Liabilities: TSEM's short term assets ($1.1B) exceed its short term liabilities ($234.7M).
Long Term Liabilities: TSEM's short term assets ($1.1B) exceed its long term liabilities ($346.9M).
Debt to Equity History and Analysis
Debt Level: TSEM's debt to equity ratio (21.4%) is considered satisfactory.
Reducing Debt: TSEM's debt to equity ratio has reduced from 224.5% to 21.4% over the past 5 years.
Debt Coverage: TSEM's debt is well covered by operating cash flow (110.1%).
Interest Coverage: TSEM earns more interest than it pays, so coverage of interest payments is not a concern.
Inventory Level: TSEM has a high level of physical assets or inventory.
Debt Coverage by Assets: TSEM's debt is covered by short term assets (assets are 3.7x debt).
What is Tower Semiconductor's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: Unable to evaluate TSEM's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate TSEM's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if TSEM's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if TSEM's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of TSEM's dividend in 3 years as they are not forecast to pay a notable one for the US market.
What is the CEO of Tower Semiconductor's salary, the management and board of directors tenure and is there insider trading?
Average management tenure
Russell Ellwanger (64yo)
Mr. Russell C. Ellwanger has been the Chief Executive Officer of Tower Semiconductor Ltd., since May 1, 2005. Mr. Ellwanger has been the Chief Executive Officer at Tower US Holdings Inc. since May 2002. He ...
Management Age and Tenure
Experienced Management: TSEM's management team is seasoned and experienced (9.8 years average tenure).
Board Age and Tenure
Experienced Board: TSEM's board of directors are seasoned and experienced ( 10.9 years average tenure).
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 6.7%.
Avi Strum (57yo)
Senior VP & General Manager of Sensors Business Unit
- Tenure: 15yrs
Itzhak Edrei (60yo)
- Tenure: 8.2yrs
Rafi Mor (55yo)
Chief Operating Officer
- Tenure: 5.4yrs
Oren Shirazi (49yo)
CFO & Senior VP of Finance
- Tenure: 15.2yrs
Russell Ellwanger (64yo)
CEO & Director
- Tenure: 14.7yrs
Nati Somekh (44yo)
- Tenure: 11.3yrs
Dalit Dahan (51yo)
Senior Vice President of Human Resources & Information Technology
Marco Racanelli (52yo)
SVP & GM of Analog IC Business Unit and Newport Beach Site Manager
- Tenure: 7.6yrs
Yossi Netzer (55yo)
Senior Vice President of Corporate Planning
- Tenure: 7.5yrs
Noit Levi-Karoubi (35yo)
Vice President of Investor Relations & Corporate Communications
Jerry Neal (74yo)
- Tenure: 1.5yrs
Yoav Chelouche (64yo)
- Tenure: 3.8yrs
Amir Elstein (63yo)
Independent Chairman of the Board
- Tenure: 11yrs
Dana Gross (52yo)
- Tenure: 11.2yrs
Rami Guzman (80yo)
- Tenure: 10.9yrs
Russell Ellwanger (64yo)
CEO & Director
- Tenure: 14.7yrs
Kalman Kaufman (74yo)
- Tenure: 14.4yrs
Alex Kornhauser (73yo)
- Tenure: 11.4yrs
Ilan Flato (63yo)
- Tenure: 10.8yrs
Iris Avner (54yo)
Tower Semiconductor Ltd.'s company bio, employee growth, exchange listings and data sources
- Name: Tower Semiconductor Ltd.
- Ticker: TSEM
- Exchange: NasdaqGS
- Founded: 1993
- Industry: Semiconductors
- Sector: Semiconductors
- Market Cap: US$2.719b
- Shares outstanding: 106.43m
- Website: https://www.towerjazz.com
- Tower Semiconductor Ltd.
- Ramat Gavriel Industrial Park
- 20 Shaul Amor Avenue
- Migdal Haemek
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|TSEM||NasdaqGS (Nasdaq Global Select)||Yes||Ordinary Shares||US||USD||Oct 1994|
|TOW||DB (Deutsche Boerse AG)||Yes||Ordinary Shares||DE||EUR||Oct 1994|
|TSEM||TASE (The Tel-Aviv Stock Exchange)||Yes||Ordinary Shares||IL||ILS||Oct 1994|
Tower Semiconductor Ltd., an independent semiconductor foundry, manufactures and markets analog intensive mixed-signal semiconductor devices in the United States, Japan, Asia, and Europe. It provides various customizable process technologies, including SiGe, BiCMOS, mixed-signal/CMOS, RF CMOS, CMOS image sensor, integrated power management, and MEMS. The company also offers transfer optimization and development process services to integrated device manufacturers and fabless companies. It serves various markets, such as automotive, medical and dental, professional photography, industrial and machine vision, AR and 3D gesture control, security, space and scientific, projectors and display, consumer, aerospace and defense, computers and servers, as well as Internet of Things; timing controllers; digital, mixed-signal/CMOS & RFCMOS; and display driver IC. The company was founded in 1993 and is headquartered in Migdal Haemek, Israel.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/01/17 23:45|
|End of Day Share Price||2020/01/17 00:00|
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.