What is SLAB's DCF valuation?

Silicon Laboratories Inc (SLAB) DCF Valuation Analysis

Executive Summary

As of April 4, 2026, Silicon Laboratories Inc has a Discounted Cash Flow (DCF) derived fair value of $0.00 per share. With the current market price at $209.13, this represents a potential upside of -112.8%.

Key Metrics Value
DCF Fair Value (5-year) $0.00
DCF Fair Value (10-year) $0.00
Potential Upside (5-year) -121.2%
Potential Upside (10-year) -112.8%
Discount Rate (WACC) 7.9% - 9.8%

Financial Performance & Projections

Revenue Trends

Revenue is projected to grow from $785 million in 01-2026 to $5147 million by 01-2036, representing a compound annual growth rate of approximately 20.7%.

Fiscal Year Revenue (USD millions) Growth
01-2026 785 34%
01-2027 1130 44%
01-2028 1280 13%
01-2029 1655 29%
01-2030 2015 22%
01-2031 2501 24%
01-2032 2943 18%
01-2033 3472 18%
01-2034 3949 14%
01-2035 4518 14%
01-2036 5147 14%

Profitability Projections

Net profit margin is expected to improve from -8% in 01-2026 to 3% by 01-2036, driven by operational efficiency and economies of scale.

Fiscal Year Net Profit (USD millions) Profit Margin
01-2026 (65) -8%
01-2027 (46) -4%
01-2028 (32) -3%
01-2029 (18) -1%
01-2030 6 0%
01-2031 40 2%
01-2032 54 2%
01-2033 72 2%
01-2034 92 2%
01-2035 116 3%
01-2036 144 3%

DCF Model Components

1. Capital Expenditures (CapEx)

with a 5-year average of $24 million. Projected CapEx is expected to maintain at approximately 3% of revenue.

2. Depreciation & Amortization

Depreciation is based on an average useful life of 5 years for capital assets.

Fiscal Year D&A (USD millions)
01-2027 25
01-2028 27
01-2029 33
01-2030 43
01-2031 52
01-2032 63

3. Working Capital Requirements

Net working capital is expected to increase gradually, with projected changes affecting free cash flow.

Components Average Days
Days Receivables 26
Days Inventory 156
Days Payables 60

4. Free Cash Flow Projections

Fiscal Year EBITDA Tax CapEx Change in NWC FCF
2027 (53) (14) 34 90 (163)
2028 (35) (10) 39 8 (73)
2029 (17) (6) 50 44 (106)
2030 18 2 61 60 (105)
2031 64 12 76 60 (85)

DCF Valuation Parameters

Key Assumptions

  • Discount Rate (WACC): WACC / Discount Rate (selected: 7.9% - 9.8%)
  • Long-Term Growth Rate: Long-term Growth Rate (selected: 3.0% - 5.0%)
  • Terminal EV/EBITDA Multiple: 17.3x (based on peer average)

Valuation Summary

Valuation Method Fair Price (USD) Potential Upside
5-Year DCF (Growth) 0.00 -121.2%
10-Year DCF (Growth) 0.00 -112.8%
5-Year DCF (EBITDA) 5.05 -97.6%
10-Year DCF (EBITDA) 33.34 -84.1%

Enterprise Value Breakdown

  • 5-Year Model: $(1,824)M
  • 10-Year Model: $(1,249)M

Investment Conclusion

Is Silicon Laboratories Inc (SLAB) a buy or a sell? Silicon Laboratories Inc is definitely a sell. Based on our DCF analysis, Silicon Laboratories Inc (SLAB) appears to be overvalued with upside potential of -112.8%. The company's strong projected growth in revenue and profitability, coupled with consistent capital expenditure, supports our positive outlook on its intrinsic value.

Key investment drivers include:

  • Expanding profit margins (from -8% to 3%)
  • Steady revenue growth (20.7% CAGR)
  • Strong free cash flow generation

Investors should consider reducing exposure at the current market price of $209.13.