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Arphra AIPlain-English read on Semtech Corporation’s valuationRatios & metrics
Profitability, returns on capital, growth, and credit — all derived from the historical income statement, balance sheet, and cash flow rows in our data warehouse.
A snapshot of the latest fiscal year’s margins, returns on capital, balance-sheet strength and efficiency, computed from the income statement, balance sheet and cash-flow rows. Source income / balance / cash_flow.
Valuation multiples
| In USD | FY 2026 | 2027E | 2028E | 2029E |
|---|---|---|---|---|
| Headline | ||||
| Market cap | $7.18B | — | — | — |
| Enterprise value | $7.47B | — | — | — |
| Multiples | ||||
| P / E | — | — | — | — |
| P / B | — | — | — | — |
| EV / EBITDA | — | — | — | — |
| EV / Sales | 7.12 | — | — | — |
| EV / FCF | 46.77 | — | — | — |
| Yields | ||||
| Earnings yield | -0.56% | — | — | — |
| Free cash flow yield | +2.23% | — | — | — |
| Dividend yield | — | — | — | — |
Profitability
| In USD | FY 2026 | 2027E | 2028E | 2029E |
|---|---|---|---|---|
| Margins | ||||
| Gross margin | +51.58% | +50.43% | +51.15% | +51.92% |
| Operating margin | +12.72% | +12.86% | +12.43% | +12.84% |
| EBITDA margin | +16.61% | +16.87% | +16.99% | +16.48% |
| EBIT margin | +12.72% | +13.09% | +12.48% | +12.64% |
| Pre-tax margin | -1.96% | -1.91% | -1.98% | -1.91% |
| Net margin | -3.85% | -3.89% | -3.77% | -3.89% |
| Cost structure | ||||
| Cost of revenue / sales | +48.42% | +49.45% | +47.45% | +49.14% |
| R&D intensity | +18.70% | +18.79% | +18.19% | +18.58% |
| SG&A intensity | +20.16% | +20.43% | +20.05% | +19.64% |
| Effective tax rate | — | — | — | — |
Returns on capital
| In USD | FY 2026 | 2027E | 2028E | 2029E |
|---|---|---|---|---|
| Returns | ||||
| Return on equity (ROE) | -7.35% | -7.57% | -7.13% | -7.50% |
| Return on assets (ROA) | -2.86% | -2.89% | -2.79% | -2.85% |
| Return on capital (ROC) | +12.84% | +12.94% | +12.57% | +12.90% |
| Return on invested capital (ROIC) | +9.63% | +9.71% | +9.42% | +9.67% |
| Asset turnover | +74.45% | +74.48% | +74.08% | +73.09% |
| DuPont · ROE decomposition | ||||
| Net margin | -3.85% | -3.89% | -3.77% | -3.89% |
| Asset turnover (× revenue / assets) | +74.45% | +74.48% | +74.08% | +73.09% |
| Equity multiplier (× assets / equity) | +256.56% | +261.53% | +255.23% | +263.61% |
Activity & efficiency
| In USD | FY 2026 | 2027E | 2028E | 2029E |
|---|---|---|---|---|
| Turnover | ||||
| Asset turnover | 0.74 | 0.74 | 0.74 | 0.73 |
| Fixed-asset turnover | 9.61 | — | — | — |
| Inventory turnover | 2.60 | — | — | — |
| Receivables turnover | 5.35 | — | — | — |
| Payables turnover | 6.05 | — | — | — |
| Days outstanding | ||||
| Days sales outstanding (DSO) | 68.20 | — | — | — |
| Days inventory outstanding (DIO) | 140.50 | — | — | — |
| Days payables outstanding (DPO) | 60.38 | — | — | — |
| Cash conversion cycle | 148.32 | — | — | — |
Cash flow quality
| In USD | FY 2026 | 2027E | 2028E | 2029E |
|---|---|---|---|---|
| Operating CF / Net income | -4.20 | -4.17 | -4.18 | -4.05 |
| FCF / Net income | -3.95 | -4.00 | -3.99 | -3.80 |
| FCF margin | +15.21% | +15.55% | +15.05% | +14.79% |
| OCF margin | +16.14% | +16.22% | +15.76% | +15.78% |
| CapEx / Revenue | +0.93% | +0.92% | +0.96% | +0.91% |
| CapEx / D&A | 0.21 | — | — | — |
| Stock-based comp / Revenue | +5.50% | — | — | — |
Per-share & shareholder yield
| In USD | FY 2026 | 2027E | 2028E | 2029E |
|---|---|---|---|---|
| EPS · diluted | -0.46 | 2.66 | 3.89 | 5.95 |
| EPS · basic | -0.46 | 2.68 | 3.85 | 5.94 |
| Book value / share | 6.22 | 7.82 | 10.08 | 13.00 |
| Tangible BV / share | 0.59 | 7.82 | 10.08 | 13.00 |
| Sales / share | 11.88 | 15.24 | 19.06 | 25.04 |
| Operating CF / share | 1.92 | 2.47 | 3.00 | 3.95 |
| Free cash flow / share | 1.81 | 2.37 | 2.87 | 3.70 |
| Dividends / share | 0.00 | 0.00 | 0.00 | 0.00 |
| Payout ratio | 0.00% | 0.00% | 0.00% | 0.00% |
| Retention ratio | +100.00% | +100.00% | +100.00% | +100.00% |
Growth
| In USD | FY 2026 | 2027E | 2028E | 2029E | 3y CAGR |
|---|---|---|---|---|---|
| Top-line | |||||
| Revenue · YoY | — | +29.24% | +23.68% | +31.37% | +28.05% |
| Gross profit · YoY | — | +26.36% | +25.43% | +33.36% | +28.34% |
| Profit | |||||
| Operating income · YoY | — | +30.63% | +19.51% | +35.72% | +28.44% |
| EBITDA · YoY | — | +31.28% | +24.54% | +27.42% | +27.71% |
| Net income · YoY | — | -30.51% | -20.00% | -35.71% | — |
| Operating | |||||
| EBIT · YoY | — | +33.00% | +17.90% | +33.09% | +27.79% |
| R&D · YoY | — | +29.86% | +19.77% | +34.19% | +27.80% |
| Per-share | |||||
| EPS · diluted · YoY | — | +677.75% | +46.20% | +53.24% | — |
| EPS · basic · YoY | — | +682.69% | +43.71% | +54.11% | — |
Credit & leverage
| In USD | FY 2026 | 2027E | 2028E | 2029E |
|---|---|---|---|---|
| Leverage | ||||
| Total debt | $491.2M | $652.03M | $772.13M | $1.05B |
| Net debt | $296M | $399.99M | $465.69M | $648.9M |
| Net debt / EBITDA | 1.70 | 1.75 | 1.63 | 1.79 |
| Debt / equity | 0.89 | 0.94 | 0.87 | 0.92 |
| Debt / assets | +34.83% | +35.79% | +34.08% | +34.82% |
| Equity / assets | +38.98% | +38.24% | +39.18% | +37.93% |
| Coverage | ||||
| EBITDA / interest expense | 4.36 | 4.48 | 4.37 | 4.35 |
| Operating income / interest | 3.34 | 3.41 | 3.19 | 3.39 |
| Interest expense | $40M | $51.16M | $65.32M | $83.57M |
| Liquidity | ||||
| Current ratio | 2.37 | — | — | — |
| Quick ratio | 1.42 | — | — | — |
| Cash ratio | 0.71 | — | — | — |
| Working capital | $379.2M | — | — | — |
| Working capital / revenue | +36.11% | — | — | — |
Historical multiples · μ ± σ bands
3 fiscal-year-end observations from key_metrics. Mean is dashed; light-green band is ±1σ, light-red band ±2σ. The dot marks the most recent value; the cheap / fair / rich verdict uses z-score against the issuer's own history (yields inverted — a high yield is cheap).
Sourced from key_metrics + financial_ratios (loaded by load_fundamentals_extended.py).
| Metric | FY 2026 | FY 2025 | FY 2024 |
|---|---|---|---|
| P / E | — | — | — |
| P / B | — | — | — |
| EV / EBITDA | — | — | — |
| EV / Sales | 7.12x | 5.71x | 2.93x |
| Earnings yield | -0.6% | -3.4% | -85.8% |
| FCF yield | 2.2% | 0.9% | -9.8% |
| Metric | FY 2026 | FY 2025 | FY 2024 |
|---|---|---|---|
| Gross margin | — | — | — |
| Operating margin | — | — | — |
| Net margin | — | — | — |
| ROE | -7.3% | -29.8% | 355.2% |
| ROA | -2.9% | -11.4% | -79.5% |
| ROIC | 11.7% | 4.6% | -2.9% |
| Metric | FY 2026 | FY 2025 | FY 2024 |
|---|---|---|---|
| Debt / equity | — | — | — |
| Net debt / EBITDA | 1.70 | 3.60 | 25.25 |
| Interest coverage | — | — | — |
| Current ratio | 2.37x | 2.07x | 2.46x |
| Quick ratio | — | — | — |
Methodology. ROE / ROA / ROC use period-end balance-sheet denominators (no average-of- period smoothing). ROIC = Operating Income × (1 − inferred effective tax rate) over invested capital, with the effective tax inferred from net-to-operating income when both are positive and a 25% default otherwise. Net debt / EBITDA, debt ratios, and interest-coverage ratios are calculated point-in-time at each fiscal year-end. TTM = trailing 4 quarters (income / cash flow summed, balance sheet = most-recent quarterly snapshot). Through-cycle CAGR in the Growth panel uses the geometric mean of first-to-last period growth across the window (positive values only).