SILEX Systems Ltd (SLX) fair value: what the stock is really worth
As of Oct 2, 2026: fair value of SILEX Systems Ltd A$0.58, price A$4.17, upside -86.1%, quality 50 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Oct 3, 2026.
How to read this chart
60‑month range A$0.8900 – A$10.49 · fair‑value band A$0.3230 – A$0.7225 · the A$4.17 price screens above the A$0.5780 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Oct 3, 2026.
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Silex Systems Limited, a technology commercialization company, engages in the research and development, commercialization, and license of SILEX laser enrichment technology in Australia, the United States, and the United Kingdom. It operates through three segments: Silex Systems, Translucent, and Silex USA. The company also sells its cREO technology.
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Silex Systems Limited, a technology commercialization company, engages in the research and development, commercialization, and license of SILEX laser enrichment technology in Australia, the United States, and the United Kingdom. It operates through three segments: Silex Systems, Translucent, and Silex USA. The company also sells its cREO technology. In addition, it develops its laser-based enrichment technology for use in various applications comprising uranium production and enrichment for nuclear power; silicon enrichment for silicon quantum computing; and medical isotope enrichment for new cancer therapies. Silex Systems Limited was incorporated in 1987 and is based in Lucas Heights, Australia.
Stock analysis
SILEX Systems Ltd (SLX) currently trades at A$4.17, while our model-based Fair Value estimate is A$0.5780, 86.1% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of A$0.6300 per share, and 0 of the 7 models we run sit above the A$4.17 price.
Bear case: the Multiples group reads lowest at A$0.3000, and 7 of the 7 models stay below the price. Evidence for this calculation is low.
Scenario range: A$0.3230 (bear) to A$0.7225 (bull), the price of A$4.17 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 50/100 (below-average quality), in the Technology sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
SILEX Systems Ltd reported revenue of A$13.7M in FY2026 versus A$4.2M in FY2022, a compound +34.3%/yr. Reported net income was −A$38.6M in FY2026.
Key figures
Market cap A$1.2B (≈ $808M) · P/S ratio 61.5 · EPS (TTM) A$−0.1400 · Net margin −205% · Return on equity −26.4% · Return on assets (EBIT) −6.3% · Operating margin −42.9% · Revenue (TTM) A$18.9M.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 50 out of 100 (low confidence).
What moves the price
The share trades about 60% below its 52-week high and at its 52-week low, currently below its 200-day average.
For context, the median of 10 Technology peers we cover trades at −41% fair-value upside, at −86%, SLX screens richer than that median.
Fair Value models
Bear A$0.3230Fair Value A$0.5780Bull A$0.7225
Price A$4.17 · Upside -86.1%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.59/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+101.8%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+26.1%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+48.1%
Start year 2021 (pandemic). Over 10 years: +16.1% a year
Revenue growth 26 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+2.5%
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Profit margin (trend) ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.
−316.4% (2021) → −32.8% (2026)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2026 is a loss year, no rate is defined from a loss
not computed
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+44.8%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (Australia: IMF forecast 3.0% a year to 2030, 2.9% from 2016 to 2025) that is about +40.7% a year for the price.
Price, fair value, quality and upside side by side.
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Peer Groupⓘ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.Semiconductors · 332 stocks
Beats the industry median on 0/9 measures
Overall it trails its industry peers.
Valuation
Quality Score50 · Below median
Fair Value upside−86.1% · Bottom 25%
Profitability
Return on assets0.3% · Below median
Operating margin (TTM)−42.9% · Bottom 25%
Growth and dividend
Revenue growth0.0% · Bottom 25%
Valuation Multiplesvs Semiconductors median · lower = cheaper
P/B4.02× · Pricier than median
P/S (TTM)42.82× · Priciest 25%
P/FCF100.0× · Priciest 25%
PEG3.88× · Priciest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 0
FUTURE (revenue growth)0· sector 88
PAST (return on equity)0· sector 28
HEALTH (low debt)100· sector 95
DIVIDEND (yield)0· sector 19
VALUE 0: the price sits above our fair-value range.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "SILEX Systems Ltd Fair Value". https://www.fairvalue-calculator.com/stock/SLX
Frequently asked questions
Is SILEX Systems Ltd (SLX) overvalued or undervalued?
As of Oct 3, 2026, our model estimates a fair value of A$0.5780 versus a price of A$4.17, about −86% upside (overvalued).
What is the fair value of SLX?
Our model-based fair value for SILEX Systems Ltd is A$0.5780 (as of Oct 3, 2026), built from audited fundamentals. The current price: A$4.17.
What is the quality score of SLX?
SILEX Systems Ltd has a Quality Score of 50/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for SILEX Systems Ltd (SLX)?
Our model-based price target is the fair value of A$0.5780 (as of Oct 3, 2026) from 7 valuation models. Cautious scenario A$0.3230, optimistic scenario A$0.7225. It is a calculation from audited fundamentals, not an analyst target.
What is the SILEX Systems Ltd stock forecast for 2026?
Our models put fair value at A$0.5780, about −86% upside versus a price of A$4.17 (overvalued). Cautious scenario A$0.3230, optimistic scenario A$0.7225. The calculation is refreshed regularly with new filings.
What is the revenue of SILEX Systems Ltd (SLX)?
SILEX Systems Ltd reported trailing-twelve-month revenue of about A$18.9M (latest available figure, as of Oct 3, 2026).
What growth is priced into SILEX Systems Ltd (SLX)?
For today's price to be fair in a discounted-cash-flow model, SILEX Systems Ltd would have to grow free cash flow by +44.8 % per year for five years (discount rate 9.6 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +48.1 % per year. As of Oct 3, 2026.
What discount rate (WACC) does the fair value of SLX use?
Our models discount SILEX Systems Ltd at 9.6 %: a base by market capitalisation (small), damped by beta 0.48, country premium for Australia. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For SILEX Systems Ltd that is +44.8 % per year a year over ten years, using the same discount rate (9.6 %) and the same formula as our fair value.
How much growth has SILEX Systems Ltd (SLX) delivered so far?
Over the past 5 years revenue at SILEX Systems Ltd grew +48.1 % a year. The price currently implies +44.8 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of SILEX Systems Ltd (SLX) growing?
The median revenue growth in the sector is +10.6 % a year. That is the yardstick for the growth priced into SILEX Systems Ltd (+44.8 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of SILEX Systems Ltd (SLX)?
The free-cash-flow yield on the price is 0.70 %: that much free cash flow SILEX Systems Ltd produces per unit of market value. When it exceeds the discount rate of our models (9.6 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of SILEX Systems Ltd (SLX)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For SILEX Systems Ltd it is A$0.5780 per share (as of Oct 3, 2026), against a price of A$4.17. It is the blended result of 7 valuation models (cash flow, earnings, asset, dividend).
Is SILEX Systems Ltd stock overvalued or undervalued in 2026?
As of Oct 3, 2026, SLX trades above its calculated fair value: price A$4.17, fair value A$0.5780, a gap of about −86% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of SLX?
No. The price is what the market pays today (A$4.17); the fair value is what the company's own numbers justify (A$0.5780). For SILEX Systems Ltd the two are A$3.59 per share apart. That gap is exactly why we show both numbers side by side.
How much is SILEX Systems Ltd worth?
The market values SILEX Systems Ltd at about A$1.2B (market capitalisation, as of Oct 3, 2026). Per share that is A$4.17; our models calculate a fair value of A$0.5780 per share.
What do the bullish and bearish scenarios say about SLX?
Our models span a range for SILEX Systems Ltd: cautious scenario A$0.3230, base A$0.5780, optimistic A$0.7225 per share (as of Oct 3, 2026, price A$4.17). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the PEG ratio of SLX?
The PEG ratio of SILEX Systems Ltd is 3.88 (P/E divided by earnings growth, as of Oct 3, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of SILEX Systems Ltd (SLX)?
Balance-sheet figures for SILEX Systems Ltd (as of Oct 3, 2026): return on equity −26.4%. They feed the Quality Score of 50/100, which measures business quality independently of the share price.
How far is SLX from its 52-week high?
SILEX Systems Ltd trades at A$4.17, about 60% below its 52-week high of A$10.49 and at the low of A$4.17 (as of Oct 2, 2026). Distance from the high says nothing about value: that is what the fair value of A$0.5780 is for.
Which stocks are comparable to SILEX Systems Ltd?
From the same area (Technology) we also value NVIDIA Corporation, Taiwan Semiconductor Manufacturing Company, Broadcom Inc, Micron Technology, Inc, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is SILEX Systems Ltd stock attractive at the current price?
The data as of Oct 3, 2026: price A$4.17, calculated fair value A$0.5780 (−86%), Quality Score 50/100, from 7 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of SLX calculated?
We run SILEX Systems Ltd through 7 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of A$0.5780, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.9 % above its aggregate fair value. SILEX Systems Ltd itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of SILEX Systems Ltd (SLX)?
The closing price on Oct 2, 2026 was A$4.17. Our model-based fair value is A$0.5780, about −86% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with SILEX Systems Ltd right now?
The price sits above even our optimistic bull case (A$0.7225). The favourable scenario is already priced in. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. Solid but not exceptional quality (50/100) and above fair value, neither a clear bargain nor a standout compounder. A fairly wide model range (A$0.3230 to A$0.7225) leaves room in how you read the outcome.
Key figures of SILEX Systems Ltd
How large is the market capitalisation of SILEX Systems Ltd (SLX)?
The market capitalisation of SILEX Systems Ltd is A$1.2B (≈ $808M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of SILEX Systems Ltd (SLX)?
The price-to-sales ratio of SILEX Systems Ltd is 61.5 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of SILEX Systems Ltd (SLX)?
Earnings per share at SILEX Systems Ltd are A$−0.1400. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of SILEX Systems Ltd (SLX)?
The net margin of SILEX Systems Ltd is −205% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of SILEX Systems Ltd (SLX)?
The return on equity (ROE) of SILEX Systems Ltd is −26.4% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of SILEX Systems Ltd (SLX)?
On an EBIT basis the return on assets of SILEX Systems Ltd is −6.3% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of SILEX Systems Ltd (SLX)?
The operating margin of SILEX Systems Ltd is −42.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How much net cash does SILEX Systems Ltd (SLX) hold?
SILEX Systems Ltd holds more cash than debt, A$15.4M net (fiscal year 2026). The company holds more cash than debt, a safety cushion.
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Thin data
Oct 3, 2026