Alpha and Omega Semiconductor Limited (AOSL) 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

-5.9%

$19.99

vs $21.25 price

Levered DCF

$0.73

After debt service

Piotroski score

4 / 9

Average

Altman Z-score

4.02

Safe zone

Rating

B-

Overall 2 / 5

Ratios by fiscal year

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

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
P/E	-33.57×	-7.78×	-98.05×	72.89×	1.97×	13.51×	-14.9×	-15.1×
P/B	1.79×	0.92×	1.21×	1.02×	1.04×	2.1×	0.92×	0.76×
P/S	2.1×	1.08×	1.64×	1.31×	1.15×	1.19×	0.58×	0.49×
EV / EBITDA	57.27×	17.52×	17.64×	11.62×	1.25×	6.57×	10.63×	9.83×
Gross margin	22.3%	23.1%	26.2%	28.9%	34.5%	31.1%	22.1%	25.6%
Operating margin	-6.4%	-4.1%	-0.6%	3.3%	13.1%	9.8%	-3.0%	-1.6%
Net margin	-6.2%	-13.9%	-1.7%	1.8%	58.3%	8.8%	-1.4%	-3.2%
Current ratio	3.44×	2.56×	2.58×	2.46×	2.05×	1.75×	1.66×	1.66×
Debt / equity	0.04×	0.06×	0.08×	0.09×	0.11×	0.54×	0.7×	0.5×
Interest coverage	-55.73×	-10.78×	-0.94×	20.73×	26.03×	10.16×	-5.08×	-1.1×
Dividend yield	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Payout ratio	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	-5.3%	-11.8%	-1.2%	1.4%	53.1%	15.6%	-2.2%	-5.0%
Return on invested capital	-5.1%	-2.9%	-0.4%	1.5%	8.8%	7.8%	-2.1%	-1.2%
Return on assets	-4.4%	-9.4%	-1.0%	1.0%	34.9%	6.3%	-0.8%	-2.0%
Free cash flow yield	-4.8%	-1.0%	-1.1%	-10.0%	9.1%	7.2%	-0.0%	-36.6%
Earnings yield	-3.0%	-12.9%	-1.0%	1.4%	50.8%	7.4%	-2.4%	-6.6%
Enterprise value	$1.3B	$652.4M	$971.8M	$787.3M	$675.5M	$782.8M	$318.1M	$245.9M
Net debt / EBITDA	-6.87×	-2.74×	-1.96×	-1.72×	-0.4×	-0.01×	1.6×	0.97×
Cash conversion cycle (days)	131	108	122	111	82	81	61	39