Lattice Semiconductor Corporation (LSCC) 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

-92.1%

$7.33

vs $93.16 price

Levered DCF

$11.86

After debt service

Piotroski score

5 / 9

Average

Altman Z-score

7.33

Safe zone

Rating

C+

Overall 2 / 5

Ratios by fiscal year

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

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
P/E	3,495.56×	134×	36.7×	49.91×	110.09×	130.91×	58.27×	-32.43×
P/B	15.1×	11.41×	13.73×	18.29×	25.58×	16.12×	7.77×	3.3×
P/S	20.61×	15.93×	12.89×	13.49×	20.43×	15.18×	6.3×	2.14×
EV / EBITDA	191.7×	74.74×	36.8×	39.39×	78.98×	74.55×	27.2×	27.7×
Gross margin	68.2%	66.8%	69.8%	68.5%	62.4%	60.1%	59.0%	55.0%
Operating margin	2.9%	6.8%	28.8%	28.4%	19.6%	12.8%	14.6%	-0.8%
Net margin	0.6%	12.0%	35.1%	27.1%	18.6%	11.6%	10.8%	-6.6%
Current ratio	3.09×	3.66×	3.78×	2.98×	2.84×	4.19×	2.63×	4.1×
Debt / equity	0.11×	0.02×	0.04×	0.31×	0.44×	0.5×	0.53×	1×
Interest coverage	57.86×	129.54×	71.54×	45.19×	36.82×	14.15×	5.03×	-0.15×
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	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	0.4%	8.6%	37.4%	36.7%	23.3%	12.3%	13.3%	-10.2%
Return on invested capital	0.5%	4.6%	28.3%	27.2%	15.4%	8.3%	10.6%	-0.6%
Return on assets	0.3%	7.2%	30.8%	22.4%	13.2%	7.0%	7.1%	-4.2%
Free cash flow yield	1.2%	1.5%	2.6%	2.4%	1.5%	1.3%	4.3%	4.1%
Earnings yield	0.0%	0.8%	2.7%	2.0%	0.9%	0.8%	1.7%	-3.1%
Enterprise value	$10.7B	$8B	$9.4B	$8.9B	$10.6B	$6.2B	$2.6B	$994.2M
Net debt / EBITDA	-0.99×	-1.13×	-0.4×	0.01×	0.38×	0.14×	0.57×	3.92×
Cash conversion cycle (days)	143	202	157	172	119	141	82	127