Astera Labs (ALAB) Stock Analysis
This is a peer-relative look at Astera Labs (ALAB): its performance, risk, profitability, financial strength, dividend, and valuation are each measured against its Semiconductors & Semiconductor Equipment peers, so every number reads in context rather than in isolation.
Company Profile
| Profile Item | ALAB |
|---|---|
| Name | ASTERA LABS INC COMMON STOCK (Ticker: 1ALAB) |
| Country/Region | United States |
| GICS Sector | Information Technology |
| GICS Industry Group | Semiconductors & Semiconductor Equipment |
| GICS Industry | Semiconductors & Semiconductor Equipment |
| GICS Sub-Industry | Semiconductors |
| Market Capitalization | 75.36 billion USD |
| Currency | USD |
| Exchange | Nasdaq |
| Listing Date | March 20, 2024 |
| Security Type | Common Stock |
Performance
Cumulative Growth
Trailing Returns
Performance at a Glance
| Metric | Current stock: ALAB | Industry group median |
|---|---|---|
| Total Return (1Y) | 372.37% | 180.36% |
Risk
Drawdown
Risk at a Glance
| Metric | Current stock: ALAB | Industry group median |
|---|---|---|
| Volatility (1Y, Annualized) | 96.38% | 67.01% |
| Beta (5Y) | 3.72 | 1.77 |
Profitability
ROE (TTM)
Astera Labs (ALAB) posts ROE of 21.11%, in the upper peer quartile. That suggests the company earns more from each dollar of shareholders’ equity than most industry peers, a useful capital-efficiency signal.
ALAB
Semiconductors & Semiconductor Equipment industry group
21.11%
Group distribution
- Max
- 39.82%
- ALAB
- 21.11%
- Q3
- 17.52%
- Median
- 6.57%
- Q1
- -4.94%
- Min
- -35.15%
Largest peers
- NVDA
- 114.29%
- ASML
- 52.24%
- MU
- 39.82%
- AVGO
- 37.28%
- TSM
- 36.21%
- ALAB
- 21.11%
- AMD
- 8.06%
Net Margin (TTM)
Astera Labs (ALAB) keeps 26.72% of revenue as net profit, putting net margin in the upper peer quartile. After operating costs, interest, and taxes, more of each sales dollar reaches shareholders than it does at most industry peers.
ALAB
Semiconductors & Semiconductor Equipment industry group
26.72%
Group distribution
- Max
- 57.72%
- ALAB
- 26.72%
- Q3
- 20.98%
- Median
- 7.10%
- Q1
- -3.84%
- Min
- -32.92%
Largest peers
- NVDA
- 62.97%
- TSM
- 46.51%
- MU
- 41.49%
- AVGO
- 38.85%
- ASML
- 29.71%
- ALAB
- 26.72%
- AMD
- 13.37%
Operating Margin (TTM)
Astera Labs (ALAB) turns 20.05% of revenue into operating profit, roughly in line with the peer group’s normal operating margin range. Its core cost structure looks typical for the industry.
ALAB
Semiconductors & Semiconductor Equipment industry group
20.05%
Group distribution
- Max
- 65.60%
- Q3
- 21.58%
- ALAB
- 20.05%
- Median
- 9.68%
- Q1
- -8.51%
- Min
- -46.64%
Largest peers
- MU
- 67.62%
- NVDA
- 65.60%
- TSM
- 58.11%
- AVGO
- 48.99%
- ASML
- 36.02%
- ALAB
- 20.05%
- AMD
- 14.40%
Profitability at a Glance
| Metric | Current stock: ALAB | Industry group median |
|---|---|---|
| ROE (TTM) | 21.11% | 6.57% |
| ROA (TTM) | 10.07% | 3.08% |
| Net Margin (TTM) | 26.72% | 7.10% |
| Operating Margin (TTM) | 20.05% | 9.68% |
| Gross Margin (TTM) | 75.99% | 46.35% |
Financial Strength
Current Ratio (MRQ)
Astera Labs (ALAB) has current ratio of 11.30, above the industry’s typical middle range. Liquidity looks ample versus peers, though an unusually high cushion can also mean idle current assets or inefficient working capital.
ALAB
Semiconductors & Semiconductor Equipment industry group
11.30
Group distribution
- ALAB
- 11.30
- Max
- 11.30
- Q3
- 6.01
- Median
- 3.26
- Q1
- 2.37
- Min
- 0.51
Largest peers
- ALAB
- 11.30
- NVDA
- 3.44
- MU
- 2.90
- AMD
- 2.73
- TSM
- 2.49
- AVGO
- 2.24
- ASML
- 1.36
Debt / Equity (MRQ)
Astera Labs (ALAB) has debt-to-equity ratio of 0.03, in the lower-leverage quartile for its industry. Borrowing is modest relative to equity compared with most peers, which can leave more flexibility through a cycle.
ALAB
Semiconductors & Semiconductor Equipment industry group
0.03
Group distribution
- Max
- 1.53
- Q3
- 0.64
- Median
- 0.21
- Q1
- 0.04
- ALAB
- 0.03
- Min
- 0.00
Largest peers
- AVGO
- 0.74
- TSM
- 0.18
- MU
- 0.15
- ASML
- 0.13
- NVDA
- 0.07
- AMD
- 0.06
- ALAB
- 0.03
Financial Strength at a Glance
| Metric | Current stock: ALAB | Industry group median |
|---|---|---|
| Current Ratio (MRQ) | 11.30 | 3.26 |
| Debt / Equity (MRQ) | 0.03 | 0.21 |
| Net Debt / EBITDA | -4.90 | -0.25 |
Dividends
Dividend Yield (TTM)
Astera Labs (ALAB) pays no dividend, leaving dividend yield at 0.00% this period. Shareholders may still receive value through reinvestment or buybacks, but there is no dividend income to compare here.
ALAB
Semiconductors & Semiconductor Equipment industry group
0.00%
Group distribution
- ALAB
- 0.00%
- Max
- 0.00%
- Q3
- 0.00%
- Median
- 0.00%
- Q1
- 0.00%
- Min
- 0.00%
Largest peers
- AVGO
- 0.69%
- ASML
- 0.49%
- ALAB
- 0.00%
- NVDA
- 0.00%
- TSM
- 0.00%
- MU
- 0.00%
- AMD
- 0.00%
Dividend Payout Ratio (TTM)
Astera Labs (ALAB) paid no earnings out as dividends this period, leaving payout ratio at 0.00%. There is no dividend payout to size against earnings.
ALAB
Semiconductors & Semiconductor Equipment industry group
0.00%
Group distribution
- Max
- 41.26%
- Q3
- 19.05%
- ALAB
- 0.00%
- Median
- 0.00%
- Q1
- 0.00%
- Min
- 0.00%
Largest peers
- AVGO
- 41.26%
- ASML
- 25.82%
- ALAB
- 0.00%
- AMD
- 0.00%
- NVDA
- --
- TSM
- --
- MU
- --
Dividends at a Glance
| Metric | Current stock: ALAB | Industry group median |
|---|---|---|
| Dividend Yield (TTM) | 0.00% | 0.00% |
| Dividend Payout Ratio (TTM) | 0.00% | 0.00% |
Valuation
P/E Ratio (TTM)
Astera Labs (ALAB) trades at P/E ratio of 295.07, above the peer range for its industry. The market is paying unusually heavily for TTM earnings relative to comparable companies.
ALAB
Semiconductors & Semiconductor Equipment industry group
295.07
Group distribution
- ALAB
- 295.07
- Max
- 290.37
- Q3
- 149.77
- Median
- 73.50
- Q1
- 52.35
- Min
- 6.22
Largest peers
- ALAB
- 295.07
- AMD
- 179.72
- AVGO
- 68.22
- ASML
- 64.45
- MU
- 53.41
- TSM
- 39.74
- NVDA
- 32.26
P/S Ratio (TTM)
Astera Labs (ALAB) trades at 75.25 on P/S ratio, above the industry benchmark range. The stock is being valued at an unusually rich price per dollar of trailing revenue.
ALAB
Semiconductors & Semiconductor Equipment industry group
75.25
Group distribution
- ALAB
- 75.25
- Max
- 38.08
- Q3
- 23.03
- Median
- 11.02
- Q1
- 4.71
- Min
- 0.02
Largest peers
- ALAB
- 75.25
- AVGO
- 25.93
- AMD
- 23.39
- ASML
- 22.07
- MU
- 22.00
- NVDA
- 20.13
- TSM
- 0.58
P/B Ratio (MRQ)
Astera Labs (ALAB) trades at 50.41 on P/B ratio, above the industry benchmark range. Investors are putting an unusually rich price on each dollar of book equity relative to peers.
ALAB
Semiconductors & Semiconductor Equipment industry group
50.41
Group distribution
- ALAB
- 50.41
- Max
- 28.42
- Q3
- 15.74
- Median
- 8.60
- Q1
- 4.34
- Min
- 0.22
Largest peers
- ASML
- 1,714.71
- TSM
- 70.69
- ALAB
- 50.41
- NVDA
- 26.11
- AVGO
- 22.32
- MU
- 17.65
- AMD
- 13.59
Valuation at a Glance
| Metric | Current stock: ALAB | Industry group median |
|---|---|---|
| P/E Ratio (TTM) | 295.07 | 73.50 |
| P/S Ratio (TTM) | 75.25 | 11.02 |
| P/B Ratio (MRQ) | 50.41 | 8.60 |
| Free Cash Flow Yield (TTM) | 0.32% | 0.68% |