TXN TXN

Name: TXN Crucible Score
Creator: Kaladin Capital Intelligence

UnknownUnknownN/A📅 Scored April 20, 2026

Price at analysis: $229.82

Crucible Score

48.0

C-

Quality × Value Composite

KQI — Quality

60.4

C+

Fundamental Quality Index

KVI — Value

32.9

D-

Valuation Attractiveness Index

Crucible Verdict — TXN

TXN presents a stark quality-value divide, with solid financial metrics (79 quality score) undermined by poor value proposition (33 score) and modest growth prospects. The stock trades near fair value at $230 versus $232 base case, but insider selling alongside 94% performance-based CEO compensation raises execution questions. Growth acceleration will determine whether the premium valuation holds.

— Kal, Kaladin Capital Intelligence

◆ KQI Quality Dimensions

Financial Quality

78.9

Growth Profile

39.9

Moat Durability

53.4

Management Effectiveness

64.6

Diversification & Resilience

57.2

Market Position

62.0

Weakest dimension: Growth Profile (39.9)

◆ KVI Value Dimensions

DCF Margin of Safety

52.2

FCF Yield & Cash Returns

19.5

Relative Valuation

36.1

Growth-Adjusted Value

22.0

Historical Valuation

12.1

Macro Context

40.3

◆ DCF Valuation Scenarios

Bear Case

$155.32

Base Case

$232.18

Bull Case

$338.45

Price at Analysis

$229.82

Scenario	Fair Value	Rev CAGR (5yr)	Terminal Margin	WACC
🔴 Bear	$155.32	4.0%	38.0%	9.8%
🟢 Base	$232.18	7.0%	43.0%	9.3%
🟢 Bull	$338.45	10.0%	48.0%	8.8%

Key Assumptions: WACC derived from CAPM using 4.32% risk-free rate, 0.99 beta, and 5.5% ERP yielding ~9.75% bear / 9.25% base / 8.75% bull with scenario-specific adjustments. Revenue growth anchored to trailing 5-year CAGR of ~1% but reflecting cyclical recovery from trough; capex intensity assumed to normalize from peak ~30% toward 18-22% as fab buildout completes, supporting FCF expansion. Operating margins mean-revert from recent 49% peak toward 38-48% range depending on scenario, reflecting mix normalization and depreciation headwinds from heavy recent investment.

◆ Financial Snapshot

Profitability

Gross Margin57.0%

Operating Margin34.1%

Net Margin28.3%

ROIC16.1%

ROE46.5%

Balance Sheet

Balance SheetCR: 4.35

Cash ConversionFCF/EPS: 0.52x

Capital IntensityCapex/Rev: 25.7%

Altman Z-Score10.41 (Safe)

Piotroski F-Score7/9 (Good)

Growth

Revenue CAGR-0.9% CAGR

Earnings CAGR-10.4% CAGR

Growth ConsistencyCV: 3.17

Segment Breadth2/2 growing (100%)

Quarterly TrendRev∆, Margin↓, WC↓

Earnings CredibilityTends to Beat

◆ Analyst Consensus & Leadership

Leadership & Governance

CEOHaviv Ilan · 4 years

CEO Ownership< 1%

Compensation94% performance-based

Insider ActivitySelling

Capital AllocationROIC 16.1% vs WACC 2.8%

Earnings Beat Rate79% (17/22)

◆ Related Companies in Our Universe

Other Unknown companies scored by the Crucible:

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

Methodology All Scores Crucible Briefs Performance @KaladinCI

Analysis conducted April 20, 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.