Ambiq Micro, Inc. (AMBQ) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

-135.7%

-$16.24

vs $45.46 price

Levered DCF

-$13.01

After debt service

Piotroski score

3 / 9

Weak

Altman Z-score

20.12

Safe zone

Rating

Overall 2 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2025	FY2024	FY2023	FY2021	FY2020
P/E	-6.24×	-12.31×	-7.71×	-385.3×	-20.83×
P/B	1.4×	6.09×	6.81×	107.74×	5.68×
P/S	3.14×	6.86×	6.15×	105.37×	10.29×
EV / EBITDA	-3×	-13.83×	-8.84×	-437.62×	-25.11×
Gross margin	35.4%	31.9%	29.7%	33.8%	42.3%
Operating margin	-56.7%	-53.4%	-78.3%	-27.6%	-39.7%
Net margin	-50.3%	-52.1%	-76.8%	-27.8%	-49.5%
Current ratio	8.72×	7.56×	4.94×	6.68×	15.59×
Debt / equity	0×	0.01×	0.02×	0×	0×
Interest coverage	0×	0×	0×	0×	-4.42×
Dividend yield	0.0%	0.0%	0.0%	0.0%	0.0%
Payout ratio	0.0%	0.0%	0.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2021	FY2020
Return on equity	-22.4%	-46.3%	-85.1%	-28.5%	-27.3%
Return on invested capital	-24.8%	-43.6%	-85.1%	-27.8%	-21.6%
Return on assets	-19.7%	-38.0%	-69.5%	-24.1%	-25.3%
Free cash flow yield	-11.9%	-4.8%	-7.4%	-0.6%	-7.5%
Earnings yield	-16.0%	-7.6%	-12.5%	-0.3%	-4.8%
Enterprise value	$87.8M	$461.8M	$376.5M	$9.6B	$459.3M
Net debt / EBITDA	4.78×	1.8×	0.62×	1.19×	3.56×
Cash conversion cycle (days)	102	135	219	220	136