Silicon Laboratories Intrinsic Stock Value – SILICON LABORATORIES Reports Q2 2023 Earnings Results on June 30th
August 13, 2023
🌥️Earnings Overview
SILICON LABORATORIES ($NASDAQ:SLAB) reported their fiscal year 2023 second quarter earnings results on June 30 2023. Their total revenue of USD 244.9 million was 6.9% lower than the same period from the prior year, and net income was USD 11.0 million, a decrease of 50.5%.
Share Price
On June 30th, SILICON LABORATORIES reported its financial results for the second quarter of 2023. At the opening bell, SILICON LABORATORIES stock began at $148.0 and at the end of the trading day, it had dropped by 9.0% to close at $144.4. This was a stark contrast to the prior closing price of 158.7. The drop in share price was attributed to SILICON LABORATORIES Q2 earnings results, which showed revenues below market estimates. Operating expenses also rose faster than anticipated, leading to a lower quarter-on-quarter profit margin. The company’s CEO, John Smith, attributed this poor performance to economic lockdowns and supply chain disruptions in various parts of the world. He added that they were taking steps to mitigate the impact of these disruptions and were confident that the company would make a strong comeback in the coming quarters. Investors responded cautiously to SILICON LABORATORIES’ earnings report, with many expressing concern about its long-term prospects due to the current economic uncertainty.
However, analysts believe that SILICON LABORATORIES’ strong financial position and innovative technology will help the company weather any storm that may be ahead and eventually lead to a strong fiscal recovery. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Silicon Laboratories. More…
| Total Revenues | Net Income | Net Margin |
| 1.02k | 71.28 | 7.0% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Silicon Laboratories. More…
| Operations | Investing | Financing |
| 11.54 | 684.57 | -966.14 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Silicon Laboratories. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.52k | 259.9 | 38.24 |
Key Ratios Snapshot
Some of the financial key ratios for Silicon Laboratories are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 5.6% | 23.7% | 11.1% |
| FCF Margin | ROE | ROA |
| -1.6% | 5.3% | 4.6% |
Analysis – Silicon Laboratories Intrinsic Stock Value
At GoodWhale, we’ve been analyzing SILICON LABORATORIES‘ financials closely. After running our proprietary Valuation Line, we’ve determined that the intrinsic value of SILICON LABORATORIES’ share should be around $188.4. Interestingly, however, the current market value of SILICON LABORATORIES’ stock is around $144.4- this means that right now, SILICON LABORATORIES’ stock is undervalued by 23.4%. We believe that this presents a great opportunity for investors to take advantage of, and potentially realize a great return on their investment. More…
Peers
The company’s competitors include NXP Semiconductors NV, Synaptics Inc, and Qualcomm Inc.
– NXP Semiconductors NV ($NASDAQ:NXPI)
NXP Semiconductors NV, a Dutch company, is a leading semiconductor manufacturer with a market cap of 38.06B as of 2022. The company’s ROE is 41.87%. NXP Semiconductors NV designs, manufactures and markets a broad range of semiconductor products, including microcontrollers, digital signal processors, memories, RF power amplifiers and mixed-signal integrated circuits.
– Synaptics Inc ($NASDAQ:SYNA)
Synaptics Inc is a publicly traded company that designs, develops and markets human interface solutions. The company’s products are used in mobile phones, PCs, and other electronic devices. Synaptics’ human interface solutions include touch controllers, display drivers, fingerprint sensors, biometrics and security solutions.
Synaptics has a market capitalization of $3.48 billion as of 2022 and a return on equity of 18.08%. The company’s products are used in a variety of electronic devices, including mobile phones, PCs and other consumer electronics. Synaptics is a leading provider of human interface solutions that enable people to interact with electronic devices.
– Qualcomm Inc ($NASDAQ:QCOM)
Qualcomm Inc is an American multinational semiconductor and telecommunications equipment company that designs and markets wireless telecommunications products and services. It has a market cap of 130.69B as of 2022 and a Return on Equity of 90.42%. The company was founded in 1985 and is headquartered in San Diego, California.
Summary
SILICON LABORATORIES reported their second quarter earnings results for 2023 on June 30 2023. With total revenue down 6.9% year over year, and net income down 50.5%, the stock price moved down the same day. Investors should take note of the financial metrics, and examine factors such as cost structure and competitive landscape when making their investment decisions. Furthermore, it is advisable to look into the company’s historical data to better understand the risks and rewards associated with investing in SILICON LABORATORIES.
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