Tower Semiconductor Ltd is a pure-play specialty foundry that manufactures semiconductors. As a pure-play foundry, it focuses on producing integrated circuits (ICs) based on the design specifications of customers.
It is a $25.8B technology company. Revenue grew 9.1% over the last year, it keeps 14¢ of every dollar of sales as profit, and it holds more cash than debt. It trades at 89.1× earnings.
- Website
- towersemi.com
- Employees
- 5 316
- Sector
- Technology
- Founded
- 1993
Skills
Six independent scores, 0–100, built from reported numbers and valuation history. Click a row to see how it was scored.
Strong health and quality; Valuation and Moat lag behind.
Valuation25
- P/E vs own history95th pct · 0/25
- FCF yield1.2% · 5/25
- P/S2.1x · 20/25
- EV/EBITDA43.1x · 0/25
Growth63
- Revenue CAGR0.9% · 6/25
- Net income CAGR10.1% · 20/25
- EPS CAGR ~5Y9.1% · 12/25
- Fwd implied growth119.1% · 25/25
Profitability69
- ROIC12.7% · 12/25
- ROE9.8% · 12/25
- Net margin14.1% · 20/25
- Operating margin40.8% · 25/25
Health100
- Altman Z23.69 · 25/25
- Current ratio4.91 · 25/25
- Interest coverage49.7x · 25/25
- Net cash / debtNet cash · 25/25
Quality77
- Piotroski F5/9 · 15/25
- Beneish M-1.95 · 12/25
- FCF conversion136% · 25/25
- Margin stabilityσ 2.4% · 25/25
Moat42
- ROIC >12% years1/5 yrs · 0/25
- Median gross margin23.6% · 6/25
- FCF-positive years4/5 yrs · 18/25
- Worst-year net marginworst 9.9% · 18/25
Experience
The company's career so far — founding, the IPO, landmark products and acquisitions, plus revenue milestones and insider buying.
- FY2023FinancialBest year on record$518M net income
- Aug 16, 2023AcquisitionHowever, on August 16, 2023, Intel terminated the acquisition as it failed to obtain approval from Chinese…
- Feb 15, 2022AcquisitionIntel announced an agreement to acquire Tower Semiconductor for $5.4 billion
- FY2021FinancialProfitable every year on record5 consecutive profitable years in our data
- FY2021FinancialRevenue already above $1B$1.51B in first reported year
- 2020MilestoneThe Chinese court announced that Tacoma (Nanjing) Semiconductor Technology Co., Ltd was in…
- 2017MilestoneTowerJazz, and Tacoma (Nanjing) Semiconductor Technology Co., Ltd announced that TowerJazz…
- 2016AcquisitionTowerJazz announced the successful acquisition of an 8-inch wafer fabrication facility in San…
- 2014MilestoneTowerJazz announced the successful transaction with Panasonic Corporation (First Section of TSE and…
- 2011AcquisitionTowerJazz acquired Micron Technology's fabrication facility in Nishiwaki City, Hyogo, Japan
- 2010AcquisitionThe acquisition nearly doubled TowerJazz's 2010 internal manufacturing capacity and cost-effectively increased…
- 2008AcquisitionTower acquired Jazz Semiconductor
- 1993FoundedTower Semiconductor (NASDAQ / TASE: TSEM) was founded in 1993 and became a public company in 1994
Achievements
Verifiable track record, straight from the reported numbers.
Strengths & watch-outs
What a bull and a bear would each point to. Both lists come from the reported numbers, not opinions.
Strengths
- Strong cash conversion — FCF is 19.2% of revenue
- Net cash position after subtracting debt from cash
- Interest covered 49.7× by operating earnings
- Altman Z-Score 23.69 — low bankruptcy-risk zone
Watch-outs
Nothing stands out as a concern in the available data.
Qualifications
The basics a company should meet before you research it further. Each check uses the reported numbers.
- Revenue growing — the company sells more than a year ago+9.1% YoY
- Profitable — makes more than it spends$220M FY2025
- Profit growing — earnings are higher than last year+41.8% YoY
- Generates cash — cash left after running and investing$301M FY2025
- Debt under control — could handle its obligationsmore cash than debt
- Established company — not a micro-cap — lower blow-up risk$25.8B market cap
- Not printing shares — share count not ballooning — you keep your slice+3.8% shares over ~5y
- Proven track record — years of profitability behind it5/5 profitable years
- Financially stable — balance sheet not near distressAltman Z 23.7 — safe
- Pays a dividend — returns cash to shareholdersno data
- Valuation not extreme — price not wildly above earningsP/E 89.1
Peer comparisonTower Semiconductor Ltd vs 6 largest technology peers — cap, P/E, growth and margin side by sideOpen ▾Close ▴
| Company | Market cap | P/E | Revenue growth | Net margin | Profile |
|---|---|---|---|---|---|
| TSEM this company | $25.8B | 89.1 | +9.1% | 14.1% | Strong |
| NVDA Nvidia Corp | $5.5T | 28.6 | +83.4% | 63.7% | Mixed |
| AAPL Apple Inc. | $4.9T | 38.1 | +14.2% | 27.6% | Strong |
| GOOGL Alphabet Inc. | $4.3T | 17.6 | +20.1% | 54.8% | Mixed |
| MSFT Microsoft Corp | $4.0T | 29.7 | +17.8% | 40.3% | Strong |
| SPCX Space Exploration Technologies Corp. | $2.1T | — | +33.2% | -34.0% | Strained |
| META Meta Platforms, Inc. | $1.8T | 26.9 | +27.7% | 29.8% | Mixed |
Head-to-head: TSEM vs NVDA · TSEM vs AAPL · TSEM vs GOOGL
References
What covering analysts publish about the company — information only, not a recommendation.
Appendix · Financial records
The full statements behind this CV, FY2021–FY2025. For readers who want to check the numbers.
Live data and quarterly detail: stockcv.com/TSEM
Want the live picture — intraday moves, valuation history and full analysis?
Deeper analysis of TSEM on PreMarketPriceFigures are derived from company filings (quarterly values normalised from as-filed year-to-date data where applicable) and may be delayed, restated or incomplete. This page is information, not investment advice. Latest price $228.00 · market cap $25.8B.