Silvaco Group, Inc. Common Stock (SVCO) 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

-229.2%

-$7.59

vs $5.87 price

Levered DCF

-$9.26

After debt service

Piotroski score

2 / 9

Weak

Altman Z-score

2.9

Grey 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	FY2022	FY2021	FY2020
P/E	-2.91×	-5.28×	-1,783.78×	-141.43×	-454.13×	221.48×
P/B	1.61×	2.07×	60.08×	56.36×	39.31×	32.76×
P/S	1.91×	3.48×	10.41×	12.15×	13.46×	14.02×
EV / EBITDA	-2.91×	-5.16×	324.18×	-745.24×	-5,819.56×	125.26×
Gross margin	78.3%	79.8%	82.8%	80.9%	79.4%	78.5%
Operating margin	-21.7%	-67.5%	2.1%	-4.0%	-8.4%	9.0%
Net margin	-65.3%	-66.0%	-0.6%	-8.5%	-4.4%	6.3%
Current ratio	1.2×	3.11×	0.84×	0.92×	1.2×	1.31×
Debt / equity	0.08×	0.02×	0.42×	0.84×	0.03×	0.2×
Interest coverage	-19.61×	-44.8×	1.8×	-5.28×	-11.15×	4.64×
Dividend yield	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%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020
Return on equity	-54.9%	-39.4%	-3.4%	-39.2%	-12.8%	14.8%
Return on invested capital	-14.6%	-37.1%	-3.8%	-9.9%	-18.3%	13.7%
Return on assets	-33.6%	-27.7%	-0.8%	-10.1%	-5.2%	6.1%
Free cash flow yield	-28.7%	-9.8%	0.1%	-0.4%	-0.5%	0.9%
Earnings yield	-34.2%	-19.0%	-0.1%	-0.7%	-0.3%	0.5%
Enterprise value	$117.7M	$189.5M	$564.4M	$567.9M	$558.7M	$558.7M
Net debt / EBITDA	0.07×	0.49×	-0.28×	-3.92×	64.61×	-1.4×
Cash conversion cycle (days)	50	34	-1	38	22	26