Silicom Ltd. (SILC) intrinsic value & 10-year financials
Silicom Ltd. (SILC) has no Graham intrinsic value right now because the formula needs positive earnings. Over the last 10 fiscal years revenue shrank 5.2% a year to $61.9M, with an average return on invested capital of -3.1%.
- Graham intrinsic value
- —
- Revenue (FY2025)
- $61.9M
- Revenue growth (10-yr CAGR)
- -5.2%
- ROIC (10-yr avg)
- -3.1%
- Free cash flow (FY2025)
- -$3.3M
SILC 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $61.9M | -$11.5M | -$2.01 | -$3.3M | -19.8% | -14.6% |
| FY2024 | $58.1M | -$13.7M | -$2.28 | $17.4M | -22.8% | -14.2% |
| FY2023 | $124.1M | -$26.4M | -$3.94 | $30.8M | -23.1% | -21.3% |
| FY2022 | $150.6M | $18.3M | $2.69 | -$6.2M | 13.2% | 11.2% |
| FY2021 | $128.5M | $10.5M | $1.51 | -$1.5M | 10.2% | 7.6% |
| FY2020 | $107.4M | $5.7M | $0.80 | $3.3M | 5.8% | 3.4% |
| FY2019 | $105.2M | $10.2M | $1.35 | $25.3M | 9.7% | 5.9% |
| FY2018 | $133.8M | $14.6M | $1.91 | $44.3M | 12.4% | — |
| FY2017 | $125.7M | $21.7M | $2.86 | -$282.0K | 20.2% | — |
| FY2016 | $100.3M | $13.1M | $1.77 | -$4.1M | 15.8% | — |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
SILICOM LTD. is facing top-line stagnation, with revenue contracting over the decade.
SILICOM LTD. has historically struggled to out-earn its cost of capital, averaging just -3.2% ROIC.
Over the decade, SILICOM LTD. shows that management has aggressively returned capital to shareholders by retiring 23.2% of outstanding shares.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, SILICOM LTD. is modeled at -5.2% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $-4.51 per share.