ALAB ALAB

Name: ALAB Crucible Score
Creator: Kaladin Capital Intelligence

UnknownUnknownN/A📅 Scored April 5, 2026

Price at analysis: $99.43

Crucible Score

57.2

Quality × Value Composite

KQI — Quality

70.6

Fundamental Quality Index

KVI — Value

40.8

Valuation Attractiveness Index

Crucible Verdict — ALAB

ALAB presents a classic quality-value disconnect with strong fundamentals undermined by poor diversification. The company delivers exceptional earnings consistency (93% beat rate) and solid moat characteristics, but ALAB trades at a 9% discount to fair value despite these strengths. Insider selling activity suggests management may not share the market's cautious sentiment about the concentrated business model.

— Kal, Kaladin Capital Intelligence

◆ KQI Quality Dimensions

Financial Quality

79.4

Growth Profile⚠

79.2

Moat Durability

77.7

Management Effectiveness⚠

57.0

Diversification & Resilience

26.2

Market Position

77.0

Weakest dimension: Diversification & Resilience (26.2)

◆ KVI Value Dimensions

DCF Margin of Safety

52.6

FCF Yield & Cash Returns

17.1

Relative Valuation

13.3

Growth-Adjusted Value

53.0

Historical Valuation

90.5

Macro Context

26.4

◆ DCF Valuation Scenarios

Bear Case

$62.18

Base Case

$108.54

Bull Case

$185.72

Price at Analysis

$99.43

Scenario	Fair Value	Rev CAGR (5yr)	Terminal Margin	WACC
🔴 Bear	$62.18	20.0%	22.0%	15.2%
🟢 Base	$108.54	30.0%	26.0%	14.3%
🟢 Bull	$185.72	40.0%	30.0%	13.5%

Key Assumptions: ALAB has demonstrated explosive revenue growth from ~$80M to $853M over four years with a recent inflection to profitability (26.4% operating margin in the latest year), driven by AI/data center semiconductor demand. WACC is calculated using CAPM with a 5.5% ERP and beta of 1.76, yielding ~14.3% base WACC; bear/bull cases adjust WACC modestly. Revenue growth is projected to decelerate from the recent hyper-growth phase but remain elevated given the AI infrastructure buildout cycle, with terminal margins reflecting the fabless semiconductor model but tempered by competitive pressures.

◆ Financial Snapshot

Profitability

Gross Margin75.7%

Operating Margin20.3%

Net Margin25.7%

ROIC7.5%

ROE14.8%

Balance Sheet

Balance SheetCR: 10.24

Cash ConversionFCF/EPS: 1.29x

Capital IntensityCapex/Rev: 4.4%

Altman Z-Score73.08 (Safe)

Piotroski F-Score6/9 (Good)

Growth

Revenue CAGR120.2% CAGR

Earnings CAGRInsufficient data

Growth ConsistencyCV: 0.61

Segment BreadthInsufficient segments

Quarterly TrendRev↗+92%, Margin↑, WC↓, Exp↓

Earnings CredibilityConsistent Beater

◆ Analyst Consensus & Leadership

Leadership & Governance

CEO Ownership12.5%

Compensation99% performance-based

Insider ActivitySelling

Capital AllocationROIC 7.5% vs WACC 14.4%

Earnings Beat Rate93% (14/16)

◆ Related Companies in Our Universe

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ADBE81.8A-NICE80.7A-DECK79.9A-INTU79.9A-EXEL78.3A-MTCH78.2A-TTD78.0B+

Methodology All Scores Crucible Briefs Performance @KaladinCI

Analysis conducted April 5, 2026 based on most recent SEC filings. Updated quarterly, after new SEC filings.

Point-in-time fundamental analysis. Not investment advice. Scores reflect company quality and valuation at time of analysis and may not reflect current market conditions.