TOWER SEMICONDUCTOR LTD. |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 32.36 USD | +0.59% |
|
+4.42% | +6.03% |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 2,567 | 2,777 | 4,294 | 4,721 | 3,361 | 3,586 | - | - |
| Enterprise Value (EV) 1 | 2,131 | 2,456 | 4,294 | 4,721 | 3,361 | 2,284 | 2,130 | 1,976 |
| P/E ratio | 28.6 x | 34 x | 29 x | 18.1 x | 6.55 x | 20.2 x | 16.7 x | 14.1 x |
| Yield | - | - | - | - | - | - | - | - |
| Capitalization / Revenue | 2.08 x | 2.19 x | 2.85 x | 2.81 x | 2.36 x | 2.54 x | 2.28 x | 2.01 x |
| EV / Revenue | 1.73 x | 1.94 x | 2.85 x | 2.81 x | 2.36 x | 1.62 x | 1.36 x | 1.11 x |
| EV / EBITDA | 7.13 x | 7.46 x | 9.84 x | 8 x | 7.32 x | 5.24 x | 4.36 x | 3.63 x |
| EV / FCF | 17.9 x | 123 x | 40 x | - | 13.8 x | -67.1 x | 32.3 x | 54.9 x |
| FCF Yield | 5.59% | 0.82% | 2.5% | - | 7.27% | -1.49% | 3.1% | 1.82% |
| Price to Book | 1.9 x | 1.93 x | 2.66 x | 2.51 x | - | - | - | - |
| Nbr of stocks (in thousands) | 106,683 | 107,545 | 108,219 | 109,285 | 110,123 | 110,825 | - | - |
| Reference price 2 | 24.06 | 25.82 | 39.68 | 43.20 | 30.52 | 32.36 | 32.36 | 32.36 |
| Announcement Date | 2/18/20 | 2/17/21 | 2/17/22 | 2/16/23 | 2/14/24 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 1,234 | 1,266 | 1,508 | 1,678 | 1,423 | 1,412 | 1,571 | 1,780 |
| EBITDA 1 | 298.9 | 329.4 | 436.5 | 590.4 | 459.3 | 436 | 489 | 544 |
| EBIT 1 | 86.72 | 91.03 | 166.5 | 311.7 | 201.3 | 183.9 | 250.9 | 284 |
| Operating Margin | 7.03% | 7.19% | 11.04% | 18.58% | 14.15% | 13.02% | 15.97% | 15.96% |
| Earnings before Tax (EBT) 1 | 91.02 | 88.69 | 155.1 | 292 | 584.8 | 192.9 | 214.8 | 239 |
| Net income 1 | 90.05 | 82.3 | 150 | 264.6 | 518.5 | 181 | 221.9 | 254 |
| Net margin | 7.3% | 6.5% | 9.95% | 15.77% | 36.44% | 12.82% | 14.13% | 14.27% |
| EPS 2 | 0.8400 | 0.7600 | 1.370 | 2.390 | 4.660 | 1.602 | 1.933 | 2.290 |
| Free Cash Flow 1 | 119.2 | 20.02 | 107.5 | - | 244.4 | -34.03 | 66.03 | 36 |
| FCF margin | 9.66% | 1.58% | 7.13% | - | 17.18% | -2.41% | 4.2% | 2.02% |
| FCF Conversion (EBITDA) | 39.86% | 6.08% | 24.63% | - | 53.21% | - | 13.5% | 6.62% |
| FCF Conversion (Net income) | 132.32% | 24.33% | 71.65% | - | 47.13% | - | 29.76% | 14.17% |
| Dividend per Share | - | - | - | - | - | - | - | - |
| Announcement Date | 2/18/20 | 2/17/21 | 2/17/22 | 2/16/23 | 2/14/24 | - | - | - |
1USD in Million2USD
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 | 386.7 | 412.1 | 421.1 | 426.2 | 427.1 | 403.2 | 355.6 | 357.2 | 358.2 | 351.7 | 324.4 | 333.4 | 363.8 | 386.2 | 359.8 |
| EBITDA 1 | 113.1 | 129.9 | 133.6 | 137.6 | 157.6 | 161.5 | - | - | 115.5 | 110.3 | 99 | 103 | 112 | 122 | - |
| EBIT 1 | 44.16 | 55.86 | 69.28 | 70.67 | 83.24 | 98.73 | 89.41 | 50.53 | 48.66 | 45.17 | 35.42 | 39.1 | 50.68 | 57.95 | 53.3 |
| Operating Margin | 11.42% | 13.56% | 16.45% | 16.58% | 19.49% | 24.49% | 25.14% | 14.15% | 13.58% | 12.84% | 10.92% | 11.73% | 13.93% | 15.01% | 14.81% |
| Earnings before Tax (EBT) 1 | 41.45 | 55.49 | - | 62.51 | 69.86 | 98.68 | 96.41 | 54.45 | 372.1 | 61.85 | 39.75 | 42.6 | 50.65 | 59.95 | - |
| Net income 1 | 39.08 | 51.74 | 54.03 | 58.08 | 69.14 | 83.32 | 71.4 | 51.19 | 342.1 | 53.85 | 36 | 39.02 | 49.12 | 55.65 | 47.15 |
| Net margin | 10.11% | 12.55% | 12.83% | 13.63% | 16.19% | 20.66% | 20.08% | 14.33% | 95.5% | 15.31% | 11.1% | 11.71% | 13.5% | 14.41% | 13.1% |
| EPS 2 | 0.3600 | 0.4700 | 0.4900 | 0.5300 | 0.6200 | 0.7500 | 0.6400 | 0.4600 | 3.070 | 0.4800 | 0.3233 | 0.3467 | 0.4200 | 0.4867 | 0.4000 |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 11/8/21 | 2/17/22 | 5/16/22 | 8/2/22 | 11/14/22 | 2/16/23 | 5/15/23 | 7/26/23 | 11/13/23 | 2/14/24 | - | - | - | - | - |
1USD in Million2USD
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - | - | - |
| Net Cash position 1 | 435 | 321 | - | - | - | 1,302 | 1,456 | 1,610 |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - | - |
| Free Cash Flow 1 | 119 | 20 | 107 | - | 244 | -34 | 66 | 36 |
| ROE (net income / shareholders' equity) | 8.29% | - | - | - | - | - | - | - |
| ROA (Net income/ Total Assets) | 5.78% | - | - | - | - | - | - | - |
| Assets 1 | 1,557 | - | - | - | - | - | - | - |
| Book Value Per Share | 12.70 | 13.40 | 14.90 | 17.20 | - | - | - | - |
| Cash Flow per Share | 2.710 | 2.550 | - | - | - | - | - | - |
| Capex 1 | 172 | 257 | 314 | 214 | 432 | 511 | 437 | 504 |
| Capex / Sales | 13.95% | 20.27% | 20.81% | 12.73% | 30.38% | 36.19% | 27.79% | 28.31% |
| Announcement Date | 2/18/20 | 2/17/21 | 2/17/22 | 2/16/23 | 2/14/24 | - | - | - |
1USD in Million
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
Sell
Buy
Mean consensus
BUY
Number of Analysts
4
Last Close Price
32.36
USD
Average target price
38.24
USD
Spread / Average Target
+18.17%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +6.03% | 3.59B | |
| +77.16% | 2,159B | |
| +20.41% | 623B | |
| +31.87% | 622B | |
| +6.78% | 254B | |
| +14.54% | 185B | |
| +4.12% | 162B | |
| -36.56% | 136B | |
| +34.57% | 127B | |
| +35.67% | 105B |
- Stock Market
- Equities
- TSEM Stock
- Financials Tower Semiconductor Ltd.
