2 models fit Kulicke and Soffa Industries Inc. Common Stock and they agree: 2 of 2 land within 15% of the average. The price is above every model.
Two or more of our models back this value.
Large premium(i)Bronze41
Valued as a cyclical company: P/E comparison, EV/EBITDA comparison, Discounted cash flow, and Graham number.
ACCE opinionKulicke and Soffa Industries Inc. Common Stock (KLIC)
Fair value (2 models)
$29.89
ACCE price target
$100
Rating
Overvalued
Horizon
12 months
Fair value published on 19 Oct 2026, 18:04 CEST; previously $30.83 since 15 Oct 2026, 00:00 CEST.
ACCE price target published on 11 Oct 2026, 00:00 CEST.
Rating published on 19 Oct 2026, 18:04 CEST.
Price used: $73.71 at the close on 23 Oct 2026, 22:00 CEST.
Models: P/E comparison and EV/EBITDA comparison.
Fair value: the average of the applicable valuation models (discounted cash flow, multiples, residual income, dividend discount, shareholder yield), each run on the latest financial statements and the market price shown. Opinion columns (fair value, target, rating) are shown apart from the data. Full methodology: acceinvestments.com/data/how-we-value-stocks
Conflicts of interest: The author holds no personal position in this security. General statement
Produced by ACCE Investments (acceinvestments.com)
Data
Price vs fair value
146.6% above
-59.4% to fair value
ACCE score
58
out of 100
Analysts
33% buy
3 covering
P/E
33.8x
forward 12.5x
1-year return
+83.5%
Dividend yield
1.12%
Kulicke and Soffa Industries Inc. Common Stock in four questions
Plain answers, details below
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Overview
ACCE thesis
Kulicke and Soffa makes wire bonders, thermocompression bonders and other advanced packaging tools that assemble and interconnect chips for semiconductor makers, and it sells the consumables that go with them. The competitive position rests on installed-base lock-in: once a packaging line is qualified around a bonder, customers rarely switch, which gives the company a recurring consumables stream alongside equipment sales. Revenue growth of 122.6% and a 13.2% ROE point to a sharp cyclical recovery in orders, and the 52.6% gross margin and 20.7% operating margin show that the upturn is coming through at high incremental profitability. The stock trades at 40.5 times trailing earnings but 13.3 times forward, so the market is pricing in a steep rise in earnings rather than paying for the current, still-depressed base. The thesis hinges on whether advanced packaging demand, driven by AI accelerators and high-bandwidth memory stacking, is durable enough to hold those margins through the next leg of the cycle. Given the 68/100 score and no index membership, this is a candidate for deeper work on order backlog and customer concentration, not a conclusion.
⚠ Investor warnings · 3 flagsAI-assisted·How I use AI
high
Earnings collapse despite revenue surge
Revenue grew 122.6% year over year, yet earnings fell 78.8%. Operating margin of 20.7% and net margin of 12.2% don't show what drove the gap, so the quality of the top-line rebound needs checking before sizing a position.
moderate
Valuation well above model fair value
At $81.32 the stock trades 146.6% above the model fair value of $29.89, while the trailing P/E of 37.3 sits well above the forward P/E of 13.3. The forecast earnings recovery is doing a lot of work in the valuation.
moderate
Insider selling with no buying
Insiders sold $4.11M across the last 10 disclosed transactions and bought nothing. Insider ownership is only 3.5%, so the signal is modest, but it runs one way.
AI research notes
AI-assisted·How I use AIWritten Oct 20, 2026 · figures from 2026-10-19 · prices to Oct 23, 2026
Why it could do well
Revenue grew 122.6% year over year, far faster than its 1.0% average over five years.
Analysts' mean price target of $106.67 sits 31.2% above the current share price.
The latest quarter beat expectations, with earnings per share of 1.09 against 0.87 expected, a 25.3% surprise.
Why it could disappoint
The stock trades 146.6% above the model fair value of $29.89, and only 2 of 4 valuation models feed that figure.
Return on invested capital is 0.0%, so the company is not currently earning a return on the capital it deploys.
At a trailing P/E of 37.3x against a sector forward median of 27.4x, the stock looks expensive, and free cash flow yield is only 2.3%.
Each chip shows the exact figure and where it comes from. A claim without a source is not published.
Next results
Nov 18, 2026
We update the fair value about 2 days after the results, once the new figures are filed.Add to calendarGoogle
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Valuation
INVESTOR
Where KLIC's valuation models land
Price
$73.71
Model fair value
$29.89
Model range
$29.66 to $30.13
Fair value $29.89
Price $73.71
The price is above the whole model range.
Model
Fair value
Upside
Discounted cash flow
EV/EBITDA comparison
Graham number
P/E comparison
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Quality
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