Built from weaker models, sales multiples or analyst targets, so treat it as a rough guide.
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Valued as a loss-making company: Sales comps and Analyst consensus.
ACCE opinionSilvaco Group Inc. Common Stock (SVCO)
Fair value (2 models)
Not available
ACCE price target
$7.00
Rating
Not rated
Horizon
12 months
ACCE price target published on 15 Oct 2026, 00:00 CEST.
Price used: $6.00 at the close on 23 Oct 2026, 22:00 CEST.
Models: Analyst consensus and Sales comps.
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
ACCE score
42
out of 100
Analysts
100% buy
6 covering
P/E
0.0x
forward 55.6x
1-year return
+1.5%
Dividend yield
0.00%
Silvaco Group Inc. Common Stock in four questions
Plain answers, details below
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Overview
ACCE thesis
Silvaco makes electronic design automation software, the TCAD and circuit simulation tools that chip designers use to model devices and processes before tape-out, and it has been adding AI-oriented and photonics design products on top of that core. The moat is the installed base: EDA workflows are embedded deeply in customer design flows, switching is costly, and gross margins of 83.2% reflect software economics. Revenue growth of 47.8% is well ahead of what a mature EDA franchise would show, and the forward P/E of 28.6 against a trailing figure of zero says the market is paying for earnings the company has not yet produced. Operating margin is still -17.3% and ROE is -27.0%, so the investment case rests on operating leverage materialising as growth continues. At a $223M market cap with no index membership, the name is small enough that a position would need careful sizing, and it merits a deeper look focused on whether recent growth is organic and whether margins are inflecting.
⚠ Investor warnings · 3 flagsAI-assisted·How I use AI
high
Heavy cash burn
Free cash flow is -$34.5M against a $220M market cap, while operating margin is -17.3% and net margin -30.4%. The business is consuming cash faster than it generates it.
high
Short interest elevated
Short interest stands at 14.5% of ownership, alongside a 12-point drop in the ACCE score over 90 days (from 55 to 43), which suggests sceptics are betting on further deterioration.
moderate
Earnings flat despite growth
Revenue grew 47.8% year on year but earnings growth shows 0.0%, and the operating margin remains negative, so top-line growth has not yet reached the bottom line.
AI research notes
AI-assisted·How I use AIWritten Oct 20, 2026 · figures from 2026-06-30 · prices to Oct 23, 2026
Why it could do well
Revenue grew 47.8% year over year, far above the 9.4% average annual pace over the past five years.
Earnings per share beat expectations, coming in at -0.05 against a forecast of -0.07.
Why it could disappoint
The company lost money, with a net margin of -30.4% and free cash flow of -$35M over the last twelve months.
Returns are negative on every measure, with return on equity at -27.0% and return on invested capital at -41.6%.
Shareholders are being diluted, as the diluted share count rose 15.8% last fiscal year.
Each chip shows the exact figure and where it comes from. A claim without a source is not published.
Next results
Nov 4, 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 SVCO's valuation models land
Price
$6.00
Model fair valueConfidence: low
about $11.16
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Upside
Analyst consensus
Sales comps
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Quality
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