Latest Ratios: P/E Ratio -0.2x · EV/EBITDA N/A · ROE -15.9%. (2020–2023 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|
| Market Cap | $357162 | — | — | — | — |
| Enterprise Value | $-1339241 | — | — | — | — |
| P/E Ratio → | -0.23 | — | — | — | — |
| P/S Ratio | 0.35 | — | — | — | — |
| P/B Ratio | 0.04 | — | — | — | — |
| P/FCF | — | — | — | — | — |
| P/OCF | — | — | — | — | — |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|
| EV / Revenue | — | — | — | — | — |
| EV / EBITDA | — | — | — | — | — |
| EV / EBIT | — | — | — | — | — |
| EV / FCF | — | — | — | — | — |
Margins and return-on-capital ratios measuring operating efficiency
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|
| Gross Margin | -46.3% | -46.3% | 44.8% | 45.1% | 36.0% |
| Operating Margin | -228.8% | -228.8% | -18.9% | -10.3% | -26.9% |
| Net Profit Margin | -152.3% | -152.3% | 14.5% | -9.1% | -24.4% |
| Metric | TTM | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|
| ROE | -15.9% | -15.9% | 4.3% | -3.2% | -6.4% |
| ROA | -10.0% | -10.0% | 2.7% | -2.1% | -4.6% |
| ROIC | -24.6% | -24.6% | -6.2% | -4.3% | -9.2% |
| ROCE | -20.8% | -20.8% | -4.8% | -3.1% | -6.2% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|
| Debt / Equity | 0.52 | 0.52 | 0.53 | 0.56 | 0.35 |
| Debt / EBITDA | — | — | — | 8.01 | — |
| Net Debt / Equity | — | -0.19 | -0.34 | -0.29 | -0.43 |
| Net Debt / EBITDA | — | — | — | -4.12 | — |
| Debt / FCF | — | — | -14.39 | — | — |
| Interest Coverage | -25.55 | -25.55 | -6.72 | -5.91 | — |
Net cash position: cash ($202M) exceeds total debt ($148M)
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|
| Current Ratio | 2.89 | 2.89 | 3.14 | 3.11 | 4.28 |
| Quick Ratio | 2.50 | 2.50 | 2.90 | 2.92 | 4.08 |
| Cash Ratio | 1.65 | 1.65 | 1.97 | 2.01 | 3.05 |
| Asset Turnover | — | 0.07 | 0.19 | 0.22 | 0.19 |
| Inventory Turnover | 1.01 | 1.01 | 1.54 | 2.52 | 3.31 |
| Days Sales Outstanding | — | 61.36 | 22.83 | 71.35 | 65.58 |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — |
| Metric | TTM | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|
| Earnings Yield | — | — | — | — | — |
| FCF Yield | — | — | — | — | — |
| Buyback Yield | 0.0% | — | — | — | — |
| Total Shareholder Yield | 0.0% | — | — | — | — |
| Shares Outstanding | — | $8M | $8M | $8M | $28M |
Negative gross margin sustainability
According to recent market data, Semilux trades at a price-to-sales ratio of 0.35, which appears to reflect a deep discount compared to historical norms, suggesting that investors are heavily discounting the company's future revenue potential amidst its ongoing transition to unproven AI-driven sensing modules.
The low P/S multiple suggests the market is pricing the company primarily as a liquidation vehicle rather than a growth-oriented technology firm. This valuation implies that the market has little confidence in the company's ability to achieve a successful commercial pivot, effectively treating the current revenue base as terminal.
Based on reported figures, Semilux's ROIC has consistently trended in negative territory, reaching -8.3% in 2024Q2, which indicates that the company is currently destroying shareholder value rather than compounding it through its heavy investments in proprietary optical thin-film coatings and integrated IC design.
The persistent negative return on invested capital highlights a fundamental inability to generate returns that exceed the cost of capital. This trend suggests that the company's R&D-heavy strategy has yet to yield the manufacturing efficiencies or market penetration required to justify its current capital allocation.
As reported in financial statements, the company's cash conversion cycle has ballooned to 1,182 days in 2024Q2, a significant deterioration that reflects extreme difficulty in managing inventory turnover and collecting receivables during this period of severe revenue contraction and operational transition within the Taichung facility.
The massive DIO of 979 days suggests that the company is holding significant amounts of potentially obsolete inventory, which may require future write-downs. This inefficiency in working capital management further strains the company's liquidity and underscores the operational challenges inherent in its current business model.
Data from recent SEC filings indicates a current ratio of 2.82, which appears healthy on the surface, yet this metric is heavily supported by a cash balance that is being rapidly depleted to fund ongoing operating losses and high-cost R&D initiatives for new product lines.
While the current ratio suggests an adequate short-term liquidity position, the underlying trend of cash depletion warrants caution. Investors should monitor the rate of cash burn, as the current liquidity cushion may provide less runway than the headline ratio implies if revenue does not stabilize.
The most commonly misapplied metric for Semilux is the price-to-book ratio, which currently sits at 0.04, as it obscures the fact that the company's book value is primarily composed of cash rather than productive, revenue-generating assets that can sustain the business long-term.
Using P/B to value this business model is misleading because it ignores the high rate of cash burn and the lack of a profitable core business. A more appropriate focus would be the enterprise value relative to the projected cash runway, which better captures the company's true operational risk.
Includes 30+ ratios · 4 years · Updated daily
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Compare growth, multiples, and margins vs sector.
Quick answers to the most common questions about buying SELX stock.
Semilux International Ltd. Ordinary Shares's current P/E ratio is -0.2x. This places it at the 50th percentile of its historical range.
Semilux International Ltd. Ordinary Shares's return on equity (ROE) is -15.9%. The historical average is -5.3%.
Based on historical data, Semilux International Ltd. Ordinary Shares is trading at a P/E of -0.2x. This is at the 50th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Semilux International Ltd. Ordinary Shares has -46.3% gross margin and -228.8% operating margin.