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Silex Microsystems AB (SILEX) Fair Value & Analysis

Technology · SE · Market cap 20.6B SEK

SM Silex Microsystems AB SILEX · ST
Pricekr 172.00
Fair Valuekr 64.10
Upside-62.7%
Quality56/100
Healthy Growth
Highly profitable · 25.0% net margin
Low debt · generates free cash flow
Trails peers (5/13)
Wide moat 96/100
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Evidence: Medium Range kr 32.72 – kr 85.72 Share as image

Fair value as of: Aug 2, 2026

From 24 valuation models · updated today

Share price −11.2% over the past month.

A solid business, but the price sits 63% above our fair value.

What matters now

  • The price sits above even our optimistic bull case (kr 85.72). The favourable scenario is already priced in.
  • The model range is unusually wide (kr 32.72 to kr 85.72). The outcome hinges heavily on assumptions, so read the point estimate with caution.
  • Solid but not exceptional quality (56/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (3 months)

kr 311.00 kr 160.45 Fair Value kr 64.10 May 2026 Jul 2026

White line = price, green steps = our fair value per fiscal year. As of Aug 2, 2026.

How to read this chart

3‑month range kr 160.45 – kr 311.00 · fair‑value band kr 32.72 – kr 85.72 · the kr 172.00 price screens above the kr 64.10 fair value. As of Aug 2, 2026.

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Analysis

Silex Microsystems AB (SILEX) currently trades at kr 172.00, while our model-based Fair Value estimate is kr 64.10, implying the stock looks roughly 62.7% overvalued today. We read business quality at 56/100 (solid quality), in the Technology sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: medium).

Over the trailing twelve months, Silex Microsystems AB generated revenue of 1.5B SEK at a net margin of 25.0%. Revenue grew 27.6% year over year. The stock trades on a trailing P/E of 49.9. Fundamentals as of Aug 2, 2026

Our scenario range runs from kr 32.72 (bear case) to kr 85.72 (bull case); at kr 172.00, the current price sits above that range. The share trades about 53% below its 52-week high and 17% above its 52-week low, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at -75% fair-value upside, at -63%, SILEX screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model BearBaseBull Evidence
Highest evidence
Growth DCF kr 19.52 kr 34.19 kr 59.43 80
Residual Income kr 16.09 kr 21.26 kr 78.94 76
Rev-Margin DCF kr 21.79 kr 38.77 kr 61.08 74
All 24 models by family
DCF Models
FCF DCF kr 19.73 kr 35.94 kr 64.73 38
Owner Earnings kr 24.65 kr 45.06 kr 81.33 31
5Y Revenue Exit kr 21.79 kr 39.39 kr 63.72 39
5Y EBITDA Exit kr 34.45 kr 65.89 kr 106.29 41
5Y P/E Exit kr 30.10 kr 56.79 kr 87.96 38
10Y Revenue Exit kr 20.18 kr 36.80 kr 63.14 36
10Y EBITDA Exit kr 29.40 kr 56.39 kr 99.31 37
10Y P/E Exit kr 26.50 kr 49.66 kr 83.73 35
Earnings-Based
Graham-Dodd kr 16.65 kr 81.42 kr 112.21 54
Lynch FV kr 21.86 kr 31.23 kr 40.60 50
PEG = 1.0 kr 21.86 kr 31.23 kr 40.60 46
EPV kr 25.86 kr 30.04 kr 33.70 59
Multiples
P/E Multiple kr 36.74 kr 48.98 kr 61.23 63
P/S Multiple kr 23.64 kr 31.53 kr 39.41 58
P/B Multiple kr 29.34 kr 39.11 kr 48.89 55
EV/EBIT kr 45.78 kr 60.77 kr 75.77 53
EV/EBITDA kr 44.38 kr 58.91 kr 73.44 54
EV/Revenue kr 22.86 kr 32.32 kr 41.78 43
Asset-Based
NCAV (Graham) kr 6.52 kr 8.74 kr 13.04 50
Growth DCF
Growth DCF kr 19.52 kr 34.19 kr 59.43 80
Rev-Margin DCF kr 21.79 kr 38.77 kr 61.08 74
Economic Profit
Residual Income kr 16.09 kr 21.26 kr 78.94 76
ROIC Compounder kr 29.59 kr 39.88 kr 53.31 72
Growth Earnings
Growth-Adj P/E kr 32.95 kr 47.07 kr 61.20 68

Widest divergence: Growth Earnings (kr 47.07) versus Asset-Based (kr 8.74). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 1.5B SEK
Revenue growth (YoY) +27.6%
Net margin 25.0%
Free cash flow 158M SEK FY2025
P/E ratio 49.9
Operating margin 29.3%
More key figures
EPS (TTM) kr 3.45
EPS growth (YoY) +124%

Figures from reported company fundamentals · as of Aug 2, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 56/100

Of which business quality 68 · Market factors (momentum, volatility) 4

Profitability 72
Margins and returns on capital today
Quality Growth 74
Are margins and returns improving?
Cashflow 53
Earnings quality: real cash, not paper profit
Fin. Strength 86
Balance sheet, leverage, solvency risk
Investment 33
Disciplined investing over empire-building
Low Volatility 0
Calm price path (market factor)
52W Momentum 9
Distance to the 52-week high (market factor)
Net Issuance 80
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Silex Microsystems AB (publ) manufactures and sells foundry services for micro-electro-mechanical systems (MEMS). It offers services, including MEMS engineering, manufacturing, and wafer-level processing. The company was incorporated in 2000 and is based in Järfälla, Sweden.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2023 – FY2025 · reported fiscal years

Silex Microsystems AB reported revenue of kr 1.4B in FY2025 versus kr 1.1B in FY2023, a compound +12.5%/yr. Reported net income was kr 269M in FY2025, compounding +12.1%/yr from FY2023.

Growth Quality 93/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
1.4B SEK
Latest YoY
+13.0%
Revenue +12.5%/yr
FY23 kr 1.1B
FY24 kr 1.2B
FY25 kr 1.4B
Net income +12.1%/yr
FY23 kr 214M
FY24 kr 273M
FY25 kr 269M

SILEX sits 63% above fair value. Compare with ASML Holding →

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Cite: Fair Value Calculator (2026). "Silex Microsystems AB Fair Value". https://www.fairvalue-calculator.com/stock/SILEX

Peer Group

Semiconductor Equipment & Materials · 237 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 56 · Above median
Fair Value upside −63% · Below median
Return on assets 0% · Below median
Net margin (TTM) 25% · Top 25%
Operating margin (TTM) 29% · Top 25%
Revenue growth 28% · Above median
Debt / equity 0.13× · Higher than median

Valuation Multiples vs Semiconductor Equipment & Materials median · lower = cheaper

P/E (TTM) 49.9× · Cheaper than median
P/B 14.36× · Pricier than 75% of peers
P/S (TTM) 13.62× · Pricier than 75% of peers
P/FCF 13.7× · Pricier than median
EV/EBITDA 37.2× · Pricier than median

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 0 / 0
FUTURE 100 / 69
PAST 0 / 30
HEALTH 94 / 96
DIVIDEND 0 / 14

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Semiconductor Equipment & Materials stocks, each showing price versus our Fair Value estimate (as of Aug 2, 2026).

Stock Price Fair Value vs Fair Value
ASML Holding ASML C$50.50 C$15.57 -69%
Applied Materials, Inc AMAT $579.43 $143.08 -75%
Lam Research Corporation LRCX $346.10 $67.57 -80%
KLA Corporation KLAC $212.75 $53.01 -75%
NAURA Technology Group 002371 ¥774.20 ¥151.43 -80%
Advanced Micro-Fabrication Equipment Inc 688012 ¥350.69 ¥41.79 -88%
Piotech Inc 688072 ¥832.00 ¥431.44 -48%
Hon. Precision, Inc 7769 6,005 TWD 1,804 TWD -70%
Hangzhou Changchuan Technology Co 300604 ¥325.24 ¥33.33 -90%
MPI Corporation 6223 5,600 TWD 609.44 TWD -89%

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Frequently asked questions

Is Silex Microsystems AB (SILEX) overvalued or undervalued?
As of Aug 2, 2026, our model estimates a fair value of kr 64.10 versus a price of kr 172.00, about −63% (overvalued).
What is the fair value of SILEX?
Our model-based fair value for Silex Microsystems AB is kr 64.10 (as of Aug 2, 2026), built from audited fundamentals. The current price is kr 172.00.
What is the quality score of SILEX?
Silex Microsystems AB has a Quality Score of 56/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Silex Microsystems AB (SILEX)?
Silex Microsystems AB reported trailing-twelve-month revenue of about 1.5B SEK (latest available figure, as of Aug 2, 2026).
What is the net profit margin of SILEX?
The net profit margin of Silex Microsystems AB is about 25.0%, meaning it keeps roughly 25.0% of revenue as net income. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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