Using a Revenue DCF model with operating margin convergence from -18.5% to a target of 10.0% over 5 years, discounted at a WACC of 9.0%, SiTime Corporation (SITM) has an intrinsic value of $5.26 per share (range: $1.82 – $75.30).
Using the industry peer median EV/Revenue multiple (trailing + forward), SiTime Corporation (SITM) has a fair value of $65.48 based on 10 comparable companies in the Semiconductors industry.
USD in millions except Fair Price. Subject company highlighted.
| Mkt Cap ($M) | Trailing EV/Revenue | Forward EV/Revenue | |
|---|---|---|---|
| SiTime CorporationSITM | 22,507 | 68.9x | 113.3x |
| Onto Innovation Inc. | 10,993 | 10.9x | 10.9x |
| Semtech Corporation | 7,681 | 7.6x | 8.8x |
| Cirrus Logic, Inc. | 7,592 | 3.8x | 4.2x |
| Qorvo, Inc. | 7,364 | 2.1x | 2.1x |
| Sanmina Corporation | 7,060 | 0.8x | 0.8x |
| The Descartes Systems Group Inc. | 6,106 | 7.7x | 9.0x |
| Klaviyo, Inc. | 5,855 | 4.0x | 3.3x |
| Bullish | 5,614 | 0.0x | 21.7x |
| Universal Display Corporation | 4,325 | 6.5x | 6.7x |
| SoundHound AI, Inc. | 2,833 | 15.3x | 30.9x |
| Industry Median | 5.2x | 7.7x | |
| (*) Revenue | 327 | 199 | |
| = Enterprise Value | 1,712 | 1,534 | |
| (-) Net Debt | -12 | -12 | |
| Equity Value | 1,724 | 1,546 | |
| (/) Outstanding shares | 25 | 25 | |
| Fair Price | $69 | $62 | |
Disclaimer: Sweet Value Lab provides estimated intrinsic values for informational purposes only. This is not financial advice. All models rely on assumptions that may not reflect future performance. Always do your own research before making investment decisions.