LAES Stock Analysis: SEALSQ | NASDAQ
Semiconductors | NASDAQ, USA | Market Cap: 691m USD | 12M Return: -22.5% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 63.7M
Warnings
Tailwinds
No distinct edge detected
Seasonality
SEALSQ Corp (NASDAQ: LAES) is a Switzerland-based semiconductor company that designs and markets secure chips and related digital identity services across global markets. Its product portfolio includes VaultIC secure elements, quantum-resistant RISC-V secure chips, secure ARM platform solutions, and smart card reader chips, complemented by custom chip design, ASIC development, and Public Key Infrastructure (PKI) offerings such as the INeS certificate management platform and personal digital identity services. The company serves a diverse range of end markets, including smart energy, smart home, automotive EV charging, consumer IoT, aerospace and military telecommunications, industrial, logistics, medical, and luxury sectors.
The company was founded in 2022 and is headquartered in Cointrin, Switzerland, operating as a subsidiary of WISeKey International Holding AG. It is also developing WISeRobot.ch, a platform designed to facilitate collaboration between humans and artificial intelligence. As a small-cap player in the Information Technology sector, SEALSQ is positioned within the specialized segment of secure semiconductors, an area seeing increased demand driven by growing concerns around cybersecurity, IoT proliferation, and the long-term need to protect data against future quantum computing threats.
- Post-quantum cryptography chip demand accelerates across IoT and automotive sectors
- Aerospace and military telecom secure element contracts expand
- Custom ASIC design services revenue scales with new client wins
| Net Income: -34.2m TTM > 0 and > 6% of Revenue |
| FCF/TA: -0.08 > 0.02 and ΔFCF/TA 5.91 > 1.0 |
| NWC/Revenue: 2.31k% < 20% (prev 621.2%; Δ 1.69k% < -1%) |
| CFO/TA -0.08 > 3% & CFO -39.1m > Net Income -34.2m |
| Net Debt/EBITDA: error (EBITDA <= 0) |
| Current Ratio: 15.92 > 1.5 & < 3 |
| Outstanding Shares: last quarter (135.0m) vs 12m ago 776.2% < -2% |
| Gross Margin: 47.28% > 18% (prev 34.08%; Δ 13.20% > 0.5%) |
| Asset Turnover: 6.07% > 50% (prev 12.80%; Δ -6.73% > 0%) |
| Interest Coverage Ratio: -65.30 > 6 (EBIT TTM -30.3m / Interest Expense TTM 464k) |
| A: 0.84 (Total Current Assets 449.6m - Total Current Liabilities 28.2m) / Total Assets 504.2m |
| B: -0.15 (Retained Earnings -76.1m / Total Assets 504.2m) |
| C: -0.10 (EBIT TTM -30.3m / Avg Total Assets 300.9m) |
| D: 10.82 (Book Value of Equity 461.5m / Total Liabilities 42.7m) |
| Altman-Z'' = 15.67 = AAA |
| DSRI: 2.23 (Receivables 14.1m/4.33m, Revenue 18.3m/12.5m) |
| GMI: 0.72 (GM 34.08% / 47.28%) |
| AQI: 31.68 (AQ_t 0.09 / AQ_t-1 0.00) |
| SGI: 1.46 (Revenue 18.3m / 12.5m) |
| TATA: 0.01 (NI -34.2m - CFO -39.1m) / TA 504.2m) |
| Beneish M = 16.26 (Cap -4..+1) = D |
As of July 06, 2026, the stock is trading at USD 3.03 with a total of 24,282,387 shares traded. Over the past week, the price has changed by -4.42%, over one month by -5.31%, over three months by +27.31% and over the past year by -22.51%.
Current recommended Stop Loss: 2.70 (which is 10.9% or 1.2 ATR below the current price).
SEALSQ has received a consensus analysts rating of 4.00. Therefore, it is recommended to buy LAES.
- StrongBuy: 0
- Buy: 1
- Hold: 0
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 6 | 98% |
P/S = 37.8369
P/B = 1.494
Revenue TTM = 18.3m USD
EBIT TTM = -30.3m USD
EBITDA TTM = -30.1m USD
Long Term Debt = 989k USD (from longTermDebt, last quarter)
Short Term Debt = 1.41m USD (from shortTermDebt, last quarter)
Debt = 14.3m USD (from shortLongTermDebtTotal, last quarter) + Leases 6.32m
Net Debt = -413.4m USD (calculated: Debt 14.3m - CCE 427.7m)
Enterprise Value = 277.2m USD (690.6m + Debt 14.3m - CCE 427.7m)
Interest Coverage Ratio = -65.30 (Ebit TTM -30.3m / Interest Expense TTM 464k)
EV/FCF = -6.93x (Enterprise Value 277.2m / FCF TTM -40.0m)
FCF Yield = -14.43% (FCF TTM -40.0m / Enterprise Value 277.2m)
FCF Margin = -219.2% (FCF TTM -40.0m / Revenue TTM 18.3m)
Net Margin = -187.3% (Net Income TTM -34.2m / Revenue TTM 18.3m)
Gross Margin = 47.28% ((Revenue TTM 18.3m - Cost of Revenue TTM 9.62m) / Revenue TTM)
Gross Margin QoQ = 53.29% (prev 33.70%)
Tobins Q-Ratio = 0.55 (Enterprise Value 277.2m / Total Assets 504.2m)
Interest Expense / Debt = 3.24% (Interest Expense 464k / Debt 14.3m)
Taxrate = 21.0% (US federal default 21%)
NOPAT = -23.9m (EBIT -30.3m * (1 - 21.00%)) [loss with tax shield]
Current Ratio = 15.92 (Total Current Assets 449.6m / Total Current Liabilities 28.2m)
Debt / Equity = 0.03 (Debt 14.3m / totalStockholderEquity, last quarter 461.5m)
Debt / EBITDA = 13.74 (negative EBITDA) (Net Debt -413.4m / EBITDA -30.1m)
Debt / FCF = 10.33 (negative FCF - burning cash) (Net Debt -413.4m / FCF TTM -40.0m)
Total Stockholder Equity = 165.8m (last 4 quarters mean from totalStockholderEquity)
RoA = -11.36% (Net Income -34.2m / Total Assets 504.2m)
RoE = -20.62% (Net Income TTM -34.2m / Total Stockholder Equity 165.8m)
RoCE = -18.15% (EBIT -30.3m / Capital Employed (Equity 165.8m + L.T.Debt 989k))
RoIC = -5.02% (negative operating profit) (NOPAT -23.9m / Invested Capital 476.4m)
WACC = 11.97% (E(690.6m)/V(704.9m) * Re(12.17%) + D(14.3m)/V(704.9m) * Rd(3.24%) * (1-Tc(0.21)))
Discount Rate = 12.17% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 78.77 | Cagr: 165.6%
[DCF] Fair Price = unknown (Cash Flow -40.0m)
EPS Correlation: N/A | EPS CAGR: N/A | SUE: 0.0 | # QB: 0
Revenue Correlation: -73.97 | Revenue CAGR: -26.88% | SUE: N/A | # QB: 0
EPS current Year (2025-12-31): EPS=-0.18 | Chg30d=N/A | Revisions=+0% | GrowthEPS=+0.0% | GrowthRev=+61.6%
EPS next Year (2026-12-31): EPS=-0.17 | Chg30d=-183.33% | Revisions=-25% | GrowthEPS=+29.2% | GrowthRev=+73.1%