(LAES) SEALSQ - Ratings and Ratios
Semiconductors, PKI Services, IoT Security, Identity Management
Description: LAES SEALSQ October 25, 2025
SEALSQ Corp (NASDAQ: LAES) and its subsidiaries design, develop, and market a portfolio of security-focused semiconductors-including VaultIC secure elements, post-quantum and RISC-V chips, secure ARM platforms, and smart-card reader ICs-across all major regions. The firm also offers a suite of PKI and provisioning services for IoT (e.g., root-of-trust, managed PKI, zero-touch field provisioning), plus broader security solutions such as device-to-cloud and device-to-device authentication, anti-counterfeiting, identity lifecycle management, and satellite-IoT connectivity, targeting verticals from smart-energy and automotive EV charging to aerospace, medical, and luxury goods.
Industry data (IDC, 2024) suggests the global IoT security market will reach roughly $30 billion by 2028, growing at a ~13 % CAGR, while the overall semiconductor market is projected to exceed $600 billion in 2025. Adoption of open-source architectures like RISC-V is accelerating, with shipments expected to rise >30 % YoY, providing a tailwind for SEALSQ’s RISC-V-based secure chips. However, the company’s revenue visibility remains uncertain because it is a newly founded (2022) subsidiary of WISeKey and has not yet disclosed audited financials; analysts should treat forward-looking estimates with caution.
For a deeper, data-driven look at SEALSQ’s valuation metrics and comparable peers, you might explore the analytics platform ValueRay to see how the stock stacks up against sector benchmarks.
LAES Stock Overview
| Market Cap in USD | 1,177m |
| Sub-Industry | Semiconductors |
| IPO / Inception | 2023-05-24 |
LAES Stock Ratings
| Growth Rating | -6.16% |
| Fundamental | 19.0% |
| Dividend Rating | - |
| Return 12m vs S&P 500 | 1,401% |
| Analyst Rating | 4.0 of 5 |
LAES Dividends
Currently no dividends paidLAES Growth Ratios
| Growth Correlation 3m | 89.4% |
| Growth Correlation 12m | 42.7% |
| Growth Correlation 5y | 4.7% |
| CAGR 5y | -31.14% |
| CAGR/Max DD 3y (Calmar Ratio) | -0.32 |
| CAGR/Mean DD 3y (Pain Ratio) | -0.37 |
| Sharpe Ratio 12m | -0.83 |
| Alpha | |
| Beta | -13.058 |
| Volatility | 158.95% |
| Current Volume | 22169.1k |
| Average Volume 20d | 42735.8k |
| Stop Loss | 5.7 (-7.5%) |
| Signal | -0.74 |
Piotroski VR‑10 (Strict, 0-10) 0.0
| Net Income (-50.0m TTM) > 0 and > 6% of Revenue (6% = 2.12m TTM) |
| FCFTA -0.22 (>2.0%) and ΔFCFTA -12.84pp (YES ≥ +1.0pp, WARN ≥ +0.5pp) |
| NWC/Revenue 324.8% (prev 24.23%; Δ 300.5pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp) |
| CFO/TA -0.20 (>3.0%) and CFO -28.5m > Net Income -50.0m (YES >=105%, WARN >=100%) |
| NO Net Debt/EBITDA fails (EBITDA <= 0) |
| Current Ratio 7.38 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active) |
| Outstanding Shares last Quarter (116.5m) change vs 12m ago 676.5% (target <= -2.0% for YES) |
| Gross Margin 37.35% (prev 46.10%; Δ -8.75pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0) |
| Asset Turnover 42.59% (prev 115.2%; Δ -72.63pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0) |
| Interest Coverage Ratio -13.04 (EBITDA TTM -41.8m / Interest Expense TTM 3.32m) >= 6 (WARN >= 3) |
Altman Z'' -2.24
| (A) 0.81 = (Total Current Assets 132.9m - Total Current Liabilities 18.0m) / Total Assets 142.0m |
| (B) -0.44 = Retained Earnings (Balance) -61.9m / Total Assets 142.0m |
| (C) -0.52 = EBIT TTM -43.2m / Avg Total Assets 83.0m |
| (D) -2.50 = Book Value of Equity -59.7m / Total Liabilities 23.9m |
| Total Rating: -2.24 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D) |
ValueRay F-Score (Strict, 0-100) 19.04
| 1. Piotroski 0.0pt = -5.0 |
| 2. FCF Yield -2.96% = -1.48 |
| 3. FCF Margin -88.87% = -7.50 |
| 4. Debt/Equity 0.05 = 2.50 |
| 5. Debt/Ebitda 2.74 = -1.37 |
| 6. ROIC - WACC (= -26.73)% = -12.50 |
| 7. RoE -96.64% = -2.50 |
| 8. Rev. Trend -33.07% = -2.48 |
| 9. EPS Trend -12.59% = -0.63 |
What is the price of LAES shares?
Over the past week, the price has changed by -16.98%, over one month by +42.92%, over three months by +124.82% and over the past year by +1611.11%.
Is SEALSQ a good stock to buy?
Based on momentum, paid dividends and discounted-cash-flow analyses, the fair value of LAES is around 5.96 USD . This means that LAES is currently overvalued and has a potential downside of -3.25%.
Is LAES a buy, sell or hold?
- Strong Buy: 0
- Buy: 1
- Hold: 0
- Sell: 0
- Strong Sell: 0
What are the forecasts/targets for the LAES price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 6 | -2.6% |
| Analysts Target Price | 6 | -2.6% |
| ValueRay Target Price | 6.4 | 3.7% |
LAES Fundamental Data Overview November 07, 2025
P/S = 107.2297
P/B = 5.1164
Beta = -13.058
Revenue TTM = 35.4m USD
EBIT TTM = -43.2m USD
EBITDA TTM = -41.8m USD
Long Term Debt = 3.53m USD (from longTermDebt, last quarter)
Short Term Debt = 2.28m USD (from shortTermDebt, last quarter)
Debt = 6.37m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = -114.6m USD (from netDebt column, last quarter)
Enterprise Value = 1.06b USD (1.18b + Debt 6.37m - CCE 120.9m)
Interest Coverage Ratio = -13.04 (Ebit TTM -43.2m / Interest Expense TTM 3.32m)
FCF Yield = -2.96% (FCF TTM -31.4m / Enterprise Value 1.06b)
FCF Margin = -88.87% (FCF TTM -31.4m / Revenue TTM 35.4m)
Net Margin = -141.3% (Net Income TTM -50.0m / Revenue TTM 35.4m)
Gross Margin = 37.35% ((Revenue TTM 35.4m - Cost of Revenue TTM 22.2m) / Revenue TTM)
Gross Margin QoQ = 33.70% (prev 45.42%)
Tobins Q-Ratio = 7.48 (Enterprise Value 1.06b / Total Assets 142.0m)
Interest Expense / Debt = 5.39% (Interest Expense 343.3k / Debt 6.37m)
Taxrate = -0.01% (negative due to tax credits) (2319 / -23.2m)
NOPAT = -43.3m (EBIT -43.2m * (1 - -0.01%)) [loss with tax shield] [negative tax rate / tax credits]
Current Ratio = 7.38 (Total Current Assets 132.9m / Total Current Liabilities 18.0m)
Debt / Equity = 0.05 (Debt 6.37m / totalStockholderEquity, last quarter 118.1m)
Debt / EBITDA = 2.74 (negative EBITDA) (Net Debt -114.6m / EBITDA -41.8m)
Debt / FCF = 3.64 (negative FCF - burning cash) (Net Debt -114.6m / FCF TTM -31.4m)
Total Stockholder Equity = 51.7m (last 4 quarters mean from totalStockholderEquity)
RoA = -35.18% (Net Income -50.0m / Total Assets 142.0m)
RoE = -96.64% (Net Income TTM -50.0m / Total Stockholder Equity 51.7m)
RoCE = -78.29% (EBIT -43.2m / Capital Employed (Equity 51.7m + L.T.Debt 3.53m))
RoIC = -68.58% (negative operating profit) (NOPAT -43.3m / Invested Capital 63.1m)
WACC = -41.84% (negative - check inputs) (E(1.18b)/V(1.18b) * Re(-42.10%) + D(6.37m)/V(1.18b) * Rd(5.39%) * (1-Tc(-0.00)))
Discount Rate = 9.70% (= Risk Free + ERP)
Shares Correlation 3-Years: 100.0 | Cagr: 174.9%
Fair Price DCF = unknown (Cash Flow -31.4m)
EPS Correlation: -12.59 | EPS CAGR: 0.0% | SUE: 0.0 | # QB: 0
Revenue Correlation: -33.07 | Revenue CAGR: -16.72% | SUE: N/A | # QB: 0
Additional Sources for LAES Stock
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle