Financials Silicom Ltd. Deutsche Boerse AG

Equities

S1L

IL0010826928

Communications & Networking

Market Closed - Deutsche Boerse AG 02:02:03 2024-05-07 am EDT 5-day change 1st Jan Change
15.5 EUR +2.65% Intraday chart for Silicom Ltd. +7.64% -7.19%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 263.9 251.5 300.3 355.1 280.3 122.3
Enterprise Value (EV) 1 189.8 164.6 234.3 303 238.3 56.69
P/E ratio 18.3 x 24.6 x 52.3 x 34.1 x 15.6 x -4.59 x
Yield - - - - - -
Capitalization / Revenue 1.97 x 2.39 x 2.8 x 2.76 x 1.86 x 0.99 x
EV / Revenue 1.42 x 1.56 x 2.18 x 2.36 x 1.58 x 0.46 x
EV / EBITDA 8.22 x 13.5 x 22.8 x 19.6 x 10.7 x 12.2 x
EV / FCF 4.6 x 7.74 x 1,794 x -38.4 x -14.5 x 1.96 x
FCF Yield 21.7% 12.9% 0.06% -2.6% -6.92% 51%
Price to Book 1.67 x 1.5 x 1.86 x 2.18 x 1.58 x 0.78 x
Nbr of stocks (in thousands) 7,552 7,560 7,176 6,882 6,651 6,756
Reference price 2 34.94 33.26 41.85 51.60 42.15 18.10
Announcement Date 3/19/19 3/16/20 3/15/21 3/17/22 3/20/23 3/18/24
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 105.2 107.4 128.5 150.6 124.1 - - -
EBITDA - - - - - - - -
EBIT 1 12.57 10.62 15.92 23.5 9.887 -6.328 -0.609 3.872
Operating Margin 11.94% 9.88% 12.39% 15.61% 7.96% - - -
Earnings before Tax (EBT) - - - - - - - -
Net income - - - - - - - -
Net margin - - - - - - - -
EPS - - - - - - - -
Free Cash Flow - - - - - - - -
FCF margin - - - - - - - -
FCF Conversion (EBITDA) - - - - - - - -
FCF Conversion (Net income) - - - - - - - -
Dividend per Share - - - - - - - -
Announcement Date 1/29/20 1/28/21 1/27/22 1/30/23 2/1/24 - - -
1USD in Million
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1
Net sales 1 32.88 36.3 32.07 34.15 39.16 45.19 37.18 38.13 30.06 18.76 14.36 - - - -
EBITDA - - - - - - - - - - - - - - -
EBIT 1 4.196 5.123 3.378 4.991 7.198 7.935 4.775 4.753 1.899 -1.54 -2.713 -2.342 -0.97 -0.302 -0.991
Operating Margin 12.76% 14.11% 10.53% 14.61% 18.38% 17.56% 12.84% 12.47% 6.32% -8.21% -18.89% - - - -
Earnings before Tax (EBT) - - - - - - - - - - - - - - -
Net income - - - - - - - - - - - - - - -
Net margin - - - - - - - - - - - - - - -
EPS - - - - - - - - - - - - - - -
Dividend per Share - - - - - - - - - - - - - - -
Announcement Date 10/28/21 1/27/22 4/28/22 7/28/22 10/31/22 1/30/23 5/1/23 7/31/23 10/26/23 2/1/24 5/2/24 - - - -
1USD in Million
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - - -
Net Cash position 1 74 86.8 66 52.1 42.1 65.6
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 41.3 21.3 0.13 -7.89 -16.5 28.9
ROE (net income / shareholders' equity) 9.79% 6.38% 3.6% 6.73% 10.8% -16.1%
ROA (Net income/ Total Assets) 7.19% 3.38% 2.53% 3.93% 5.72% 0.7%
Assets 1 203.5 302.6 226.5 268.3 320.3 -3,772
Book Value Per Share 2 20.90 22.20 22.40 23.60 26.60 23.10
Cash Flow per Share 2 3.550 2.240 3.000 4.360 4.560 7.330
Capex 1 1.35 1.44 1.69 2.59 2.09 1.12
Capex / Sales 1.01% 1.37% 1.58% 2.01% 1.39% 0.9%
Announcement Date 3/19/19 3/16/20 3/15/21 3/17/22 3/20/23 3/18/24
1USD in Million2USD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
1
Last Close Price
17.35 USD
Average target price
20 USD
Spread / Average Target
+15.27%
Consensus

Quarterly revenue - Rate of surprise

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