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SILC

Silicom NasdaqGS:SILC Stock Report

Last Price

US$33.22

Market Cap

US$220.9m

7D

-2.1%

1Y

-23.3%

Updated

04 Jul, 2022

Data

Company Financials +
SILC fundamental analysis
Snowflake Score
Valuation0/6
Future Growth1/6
Past Performance4/6
Financial Health6/6
Dividends0/6

SILC Stock Overview

Silicom Ltd., together with its subsidiaries, designs, manufactures, markets, and supports networking and data infrastructure solutions for a range of servers, server-based systems, and communications devices in the United States, North America, Israel, Europe, and the Asia Pacific.

Silicom Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Silicom
Historical stock prices
Current Share PriceUS$33.22
52 Week HighUS$52.75
52 Week LowUS$31.30
Beta0.79
1 Month Change-10.62%
3 Month Change-14.25%
1 Year Change-23.28%
3 Year Change7.61%
5 Year Change-29.00%
Change since IPO532.76%

Recent News & Updates

May 10

Silicom - Ready To Bypass Supply Chain Issues And Capitalize On Record Backlog

Silicom won a $25 million per year design win last week. This design win incorporates $15 million in orders for 2022. Through a combination of redesigns and higher inventory, Silicom foresees higher shipments in the second half of 2022.

Shareholder Returns

SILCUS CommunicationsUS Market
7D-2.1%-3.2%-2.2%
1Y-23.3%-18.5%-19.1%

Return vs Industry: SILC underperformed the US Communications industry which returned -18.5% over the past year.

Return vs Market: SILC underperformed the US Market which returned -21.2% over the past year.

Price Volatility

Is SILC's price volatile compared to industry and market?
SILC volatility
SILC Average Weekly Movement5.6%
Communications Industry Average Movement8.3%
Market Average Movement8.1%
10% most volatile stocks in US Market16.9%
10% least volatile stocks in US Market3.3%

Stable Share Price: SILC is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: SILC's weekly volatility (6%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1987n/aShaike Orbachhttps://www.silicom-usa.com

Silicom Ltd., together with its subsidiaries, designs, manufactures, markets, and supports networking and data infrastructure solutions for a range of servers, server-based systems, and communications devices in the United States, North America, Israel, Europe, and the Asia Pacific. It offers server network interface cards; and smart cards, such as smart server adapters, which include redirector and switching cards, encryption and data compression hardware acceleration cards, forward error correction acceleration and offloading cards, time synchronization cards, and field programmable gate array-based cards. The company also provides virtualized and universal customer-premises equipment; edge devices for SD-WAN and NFV deployments; and distributed units for the 5G mobile infrastructure market.

Silicom Fundamentals Summary

How do Silicom's earnings and revenue compare to its market cap?
SILC fundamental statistics
Market CapUS$220.94m
Earnings (TTM)US$10.12m
Revenue (TTM)US$131.53m

21.8x

P/E Ratio

1.7x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
SILC income statement (TTM)
RevenueUS$131.53m
Cost of RevenueUS$86.18m
Gross ProfitUS$45.35m
Other ExpensesUS$35.23m
EarningsUS$10.12m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)1.52
Gross Margin34.48%
Net Profit Margin7.69%
Debt/Equity Ratio0%

How did SILC perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

Is SILC 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

  • PEG Ratio

Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

SILC 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/Revenue1.4x
Enterprise Value/EBITDA11.9x
PEG Ration/a

Price to Earnings Ratio vs Peers

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

SILC PE Ratio vs Peers
The above table shows the PE ratio for SILC vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average15.1x
AVNW Aviat Networks
14.4x26.2%US$280.2m
CMBM Cambium Networks
25.5x43.0%US$408.0m
ITRN Ituran Location and Control
14.4x17.6%US$499.1m
EMKR EMCORE
6.1x-136.2%US$115.9m
SILC Silicom
21.8xn/aUS$220.9m

Price-To-Earnings vs Peers: SILC is expensive based on its Price-To-Earnings Ratio (21.8x) compared to the peer average (15.1x).


Price to Earnings Ratio vs Industry

How does SILC's PE Ratio compare vs other companies in the US Communications Industry?

Price-To-Earnings vs Industry: SILC is expensive based on its Price-To-Earnings Ratio (21.8x) compared to the US Communications industry average (21.8x)


Price to Earnings Ratio vs Fair Ratio

What is SILC'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.

SILC PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio21.8x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate SILC's Price-To-Earnings Fair Ratio for valuation analysis.


Share Price vs Fair Value

What is the Fair Price of SILC when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: Insufficient data to calculate SILC's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate SILC's fair value for valuation analysis.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate SILC's PEG Ratio to determine if it is good value.


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Future Growth

How is Silicom forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

Future Growth Score

1/6

Future Growth Score 1/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


16.5%

Forecasted annual revenue growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if SILC's forecast earnings growth is above the savings rate (1.9%).

Earnings vs Market: Insufficient data to determine if SILC's earnings are forecast to grow faster than the US market

High Growth Earnings: Insufficient data to determine if SILC's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: SILC's revenue (16.5% per year) is forecast to grow faster than the US market (8.2% per year).

High Growth Revenue: SILC's revenue (16.5% 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 SILC's Return on Equity is forecast to be high in 3 years time


Discover growth companies

Past Performance

How has Silicom performed over the past 5 years?

Past Performance Score

4/6

Past Performance Score 4/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-17.8%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: SILC has high quality earnings.

Growing Profit Margin: SILC's current net profit margins (7.7%) are higher than last year (6%).


Past Earnings Growth Analysis

Earnings Trend: SILC's earnings have declined by 17.8% per year over the past 5 years.

Accelerating Growth: SILC's earnings growth over the past year (48.1%) exceeds its 5-year average (-17.8% per year).

Earnings vs Industry: SILC earnings growth over the past year (48.1%) exceeded the Communications industry 35.7%.


Return on Equity

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


Discover strong past performing companies

Financial Health

How is Silicom'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: SILC's short term assets ($151.5M) exceed its short term liabilities ($55.9M).

Long Term Liabilities: SILC's short term assets ($151.5M) exceed its long term liabilities ($10.8M).


Debt to Equity History and Analysis

Debt Level: SILC is debt free.

Reducing Debt: SILC has not had any debt for past 5 years.

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

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


Balance Sheet


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Dividend

What is Silicom 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

  • Cash Flow Coverage

Dividend Yield vs Market

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

High Dividend: Unable to evaluate SILC'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 SILC's dividends per share have been stable in the past.

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


Earnings Payout to Shareholders

Earnings Coverage: SILC is not paying a notable dividend for the US market.


Cash Payout to Shareholders

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


Discover strong dividend paying companies

Management

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

21.3yrs

Average management tenure


CEO

Shaike Orbach (70 yo)

21.25yrs

Tenure

US$1,240,085

Compensation

Mr. Yeshayahu Orbach, also known as Shaike, has been the President and Chief Executive Officer of Silicom Ltd. since April 2001. In December, 2001.Mr. Orbach served as the President and Chief Executive Of...


CEO Compensation Analysis

Compensation vs Market: Shaike's total compensation ($USD1.24M) is below average for companies of similar size in the US market ($USD1.83M).

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


Leadership Team

Experienced Management: SILC's management team is seasoned and experienced (21.3 years average tenure).


Board Members

Experienced Board: SILC's board of directors are seasoned and experienced ( 12 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Silicom Ltd.'s employee growth, exchange listings and data sources


Key Information

  • Name: Silicom Ltd.
  • Ticker: SILC
  • Exchange: NasdaqGS
  • Founded: 1987
  • Industry: Communications Equipment
  • Sector: Tech
  • Implied Market Cap: US$220.940m
  • Shares outstanding: 6.65m
  • Website: https://www.silicom-usa.com

Location

  • Silicom Ltd.
  • 14 Atir Yeda Street
  • Kfar Saba
  • 4464323
  • Israel

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/07/04 00:00
End of Day Share Price2022/07/01 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.