Company Valuation: Tower Semiconductor Ltd.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Capitalization 1 4,294 4,721 3,361 5,733 13,176 28,329 - -
Change - 9.94% -28.81% 70.56% 129.84% 115.01% - -
Enterprise Value (EV) 1 4,294 4,721 3,361 4,695 12,185 27,105 26,754 25,762
Change - 9.94% -28.81% 39.7% 159.53% 122.44% -1.3% -3.71%
P/E ratio 29x 18.1x 6.55x 27.8x 60.5x 88.8x 51.7x 34.1x
PBR 2.66x 2.51x - - - - - -
PEG - 0.2x 0.1x -0.5x 12.44x 1.7x 0.7x 0.7x
Capitalization / Revenue 2.85x 2.81x 2.36x 3.99x 8.41x 15x 11.1x 8.95x
EV / Revenue 2.85x 2.81x 2.36x 3.27x 7.78x 14.3x 10.5x 8.14x
EV / EBITDA 9.84x 8x 7.32x 10.4x 24.5x 38.5x 26.1x 18.9x
EV / EBIT 25.8x 15.1x 16.7x 25.4x 62.8x 71.1x 37.7x 24.8x
EV / FCF 40x - 13.8x 276x -297x 160x 91.9x 42.1x
FCF Yield 2.5% - 7.27% 0.36% -0.34% 0.63% 1.09% 2.38%
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 1.37 2.39 4.66 1.85 1.94 2.98 5.112 7.76
Distribution rate - - - - - - - -
Net sales 1 1,508 1,678 1,423 1,436 1,566 1,889 2,547 3,165
EBITDA 1 436.5 590.4 459.3 451.3 497.3 703.5 1,024 1,366
EBIT 1 166.5 311.7 201.3 185 194.2 381.4 709.3 1,037
Net income 1 150 264.6 518.5 207.9 220.5 340.3 613.4 895.5
Net Debt 1 - - - -1,037 -990.4 -1,224 -1,575 -2,567
Reference price 2 39.68 43.20 30.52 51.51 117.42 264.48 264.48 264.48
Nbr of stocks (in thousands) 1,08,219 1,09,285 1,10,123 1,11,291 1,12,210 1,12,738 - -
Announcement Date 17/02/22 16/02/23 14/02/24 10/02/25 11/02/26 - - -
1USD in Million2USD
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
84.32x14.35x38.53x - 2.83TCr
47.24x19.02x27.79x0.63% 1,94600Cr
5.93x3.23x3.96x0.28% 81TCr
11.89x6.89x8.45x0.07% 79TCr
76.34x13.4x51.85x-.--% 68TCr
-307.79x9.67x28.76x-.--% 56TCr
39.39x13.47x25.87x1.9% 28TCr
242.33x47.68x100.69x-.--% 24TCr
15.49x4.99x14.08x1.85% 21TCr
48.71x14.68x23.91x1.04% 20TCr
Average 26.39x 14.74x 32.39x 0.64% 57.27TCr
Weighted average by Cap. 12.24x 13.78x 27.04x 0.46%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

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