SICC Valuation Multiples

SICC is valued at $6.4B as of October 2026, a 18.3x revenue multiple. In the last 12 months, SICC revenue was $339M and SICC EBITDA was $87M.

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SICC Overview

About SICC

Sicc Co Ltd is engaged in the research and development, production and sales of silicon carbide substrates.


Founded

2010

HQ

China

Employees

1.3K

Website

sicc.cc

Financials (LTM)

Revenue: $339M
EBITDA: $87M

EV

$6.2B

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SICC Financials

SICC reported last 12-month revenue of $339M and EBITDA of $87M.

In the same LTM period, SICC generated $91M in gross profit, $87M in EBITDA, and $19M in net income.

Revenue (LTM)


SICC P&L

In the most recent fiscal year, SICC reported revenue of $219M and EBITDA of $23M.

SICC is unprofitable as of last fiscal year, with gross margin of 13%, EBITDA margin of 10%, and net margin of (14%).

See analyst estimates for SICC
LTMLast FY202320242025202620272028
Revenue$339M$219M$185M$262M$219M
Gross Profit$91M$29M$29M$68M$29M
Gross Margin27%13%16%26%13%
EBITDA$87M$23M$25M$77M$23M
EBITDA Margin26%10%13%29%10%
EBIT Margin7%(5%)(5%)10%(5%)
Net Profit$19M($31M)($7M)$27M($31M)
Net Margin6%(14%)(4%)10%(14%)
Net Debt-($318M)---

Financial data powered by Morningstar, Inc.

SICC Stock Performance

SICC has current market cap of $6.4B, and enterprise value of $6.2B.

Market Cap Evolution


SICC's stock price is $14.03.

SICC share price decreased by 9.9% in the last 30 days, and increased by 42.8% in the last year.

SICC has an EPS (earnings per share) of $-0.07.

See more trading valuation data for SICC
EVMarket CapPrice 1DPrice 1MPrice 3MPrice 12MEPS
$6.2B$6.4B0.3%-9.9%9.0%42.8%$-0.07

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SICC Valuation Multiples

SICC trades at 18.3x EV/Revenue multiple, and 71.3x EV/EBITDA.

See NTM and 2027E valuation multiples for SICC

EV / Revenue (LTM)


SICC Financial Valuation Multiples

As of October 14, 2026, SICC has market cap of $6.4B and EV of $6.2B.

SICC has a P/E ratio of 340.3x.

LTMLast FY202320242025202620272028
EV/Revenue18.3x28.4x33.5x23.7x28.4x
EV/EBITDA71.3xn/mn/m81.3xn/m
EV/EBITn/mn/mn/m237.9xn/m
EV/Gross Profit68.2x217.5x212.1x91.6x217.5x
P/En/m(206.9x)n/m242.7x(206.9x)
EV/FCF(91.7x)(240.9x)(30.3x)(83.6x)(240.9x)

Multiples above and below 250x are considered non-meaningful (n/m). Valuation data powered by FactSet, Inc. and Morningstar, Inc.

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SICC Margins & Growth Rates

SICC grew revenue by 71% and EBITDA by 352% in the last fiscal year.

In the most recent fiscal year, SICC reported gross margin of 13%, EBITDA margin of 10%, and net margin of (14%).

See estimated margins and future growth rates for SICC

SICC Margins

Last FY202420252026202720282029
Gross Margin13%26%13%29%
EBITDA Margin10%29%10%27%
EBIT Margin(5%)10%(5%)10%
Net Margin(14%)10%(14%)8%
FCF Margin(12%)(28%)(12%)(21%)

SICC Growth Rates

FY+1/FY23/2424/2525/2626/2727/2828/29
Revenue Growth71%41%(16%)71%
Gross Profit Growth280%132%(58%)280%
EBITDA Growth352%208%(70%)352%
EBIT Growth(408%)(367%)(144%)(408%)
Net Profit Growth(200%)(492%)(217%)(200%)
FCF Growth200%(64%)(65%)200%

Data powered by FactSet, Inc. and Morningstar, Inc.

SICC Operational KPIs

SICC's revenue per employee in the last FY averaged $0.2M, while opex per employee averaged $0.0M for the same period.

SICC's Rule of 40 is 98% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).

SICC's Rule of X is 204% (created by Bessemer, Rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).

Access forward-looking KPIs for SICC
LTMLast FY202320242025202620272028
Rule of 4069%98%---
Bessemer Rule of X134%204%---
Revenue per Employee-$0.2M---
Opex per Employee-$0.0M---
S&M Expenses to Revenue2%1%1%1%1%
G&A Expenses to Revenue9%2%3%3%2%
R&D Expenses to Revenue7%11%11%8%11%
Opex to Revenue-18%21%16%18%

Data powered by FactSet, Inc. and Morningstar, Inc.

Valuation Multiples Across 230+ Verticals

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
China Aerospace Times$2.1B$167M3.6x3.2x44.6x-
WinWay Technology$245M$71M25.8x14.3x89.0x52.1x
ICL Group$7.2B$1.2B1.3x1.2x7.9x5.7x
WPG Holdings$31B$744M0.4x0.3x16.9x8.2x
Yangzhou Yangjie$1.1B$292M6.0x4.8x21.9x17.2x
eMemory Technology$120M$75M53.3x46.0x85.3x71.2x
Croda International$2.3B$327M3.2x3.0x21.7x12.7x
Macronix$902M$52M7.3x2.8x125.5x5.5x

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About SICC

When was SICC founded?SICC was founded in 2010.
Where is SICC headquartered?SICC is headquartered in China.
How many employees does SICC have?As of today, SICC has over 1K employees.
Is SICC publicly listed?Yes, SICC is a public company listed on Shanghai Stock Exchange.
What is the stock symbol of SICC?SICC trades under 688234 ticker.
When did SICC go public?SICC went public in 2022.
Who are competitors of SICC?SICC main competitors include China Aerospace Times, WinWay Technology, ICL Group, WPG Holdings, Yangzhou Yangjie, eMemory Technology, Croda International, Macronix, Dynamic Electronics Co, Maxwell Technologies.
What is the current market cap of SICC?SICC's current market cap is $6.4B.
What is the current revenue of SICC?SICC's last 12 months revenue is $339M.
What is the current revenue growth of SICC?SICC revenue growth (NTM/LTM) is 43%.
What is the current EV/Revenue multiple of SICC?Current revenue multiple of SICC is 18.3x.
What is the current EBITDA of SICC?SICC's last 12 months EBITDA is $87M.
What is SICC's EBITDA margin?SICC's last 12 months EBITDA margin is 26%.
What is the current EV/EBITDA multiple of SICC?Current EBITDA multiple of SICC is 71.3x.
What is the current FCF of SICC?SICC's last 12 months FCF is ($68M).
What is SICC's FCF margin?SICC's last 12 months FCF margin is (20%).
What is the current EV/FCF multiple of SICC?Current FCF multiple of SICC is (91.7x).
How many companies SICC has acquired to date?SICC hasn't acquired any companies yet (or none have been disclosed publicly).
In how many companies SICC has invested to date?SICC hasn't invested in any companies yet (or none have been disclosed publicly).

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