Fabless semiconductor company financial model, built free.
A three-statement Excel model for a fabless semiconductor company, built from your own figures and checked to balance.
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- Usually ready within the hour
We use generative AI in parts of our process, so mistakes can occur. Every model should be checked by a person before it is relied on. Read more
Designs chips (processors, accelerators, analog, connectivity, memory controllers) and outsources wafer fabrication, packaging and test to foundries and OSATs, earning high gross margins that swing with the chip cycle.
In short
- 01
Three linked statements
Income statement, balance sheet and cash flow, linked in every period.
- 02
Valued two ways
Discounted cash flow and trading multiples, side by side.
- 03
Monthly to annual
Monthly, quarterly, half-yearly or annual periods, for up to 30 years.
- 04
Checked every period
A Checks sheet shows the balance sheet balances and the cash reconciles.
The sample, as Excel draws it.
Built by the same system and checks as yours: its structure and its inputs, ready for your own figures.
The sample describes no real business. Yours is calibrated to your own figures, so its results are your business’s.
How the model works for a fabless semiconductor company.
- How it earns revenue1 formulaRevenue (top-down) · Across the businessRevenueUnits soldAverage price
- What drives its costs3 formulasDirect costs (top-down) · Across the businessCost of salesRevenuefrom statementsGross marginOperating expenses · Across the businessTotal FTEsOperations and deliverySales and marketingTechnologyFinance, HR and administrationOperating expenses · Across the businessTotal average FTEsOperations and deliverySales and marketingTechnologyFinance, HR and administration
- What it invests in3 formulasCorporate fixed assetsCapital expenditureRevenuefrom statementsCapex as % of revenueAdditional planned capexCorporate fixed assetsDepreciationDepreciation of the opening asset baseDepreciation of new capexCorporate fixed assetsClosing net book valueOpening net book valueCapital expenditureDepreciation
- How it is funded3 formulasDebtRepaymentsScheduled repaymentsPrepayments from an equity raise and the cash sweepDebtClosing balanceOpening balanceDrawdownsRepaymentsDebtInterest expenseOpening balanceAll-in interest rateshare of the year
- How profit becomes cash3 formulasWorking capitalTrade receivablesRevenuefrom statementsDebtor daysDays in periodWorking capitalInventoryDirect costs (positive)from statementsInventory daysDays in periodWorking capitalTrade payablesCash operating costs (positive)from statementsCreditor daysDays in period
20 parts, each one tested.
Every part is a tested building block with its own checks: yours is put together from the ones your business needs.
- Exchange rate (US dollar)Exchange rate by financial year
- Revenue (top-down)Price × volume
- Direct costs (top-down)Gross margin %
- Operating expensesHeadcount build by function
- Corporate costsFixed cost base indexed to CPI
- Working capitalFull working capital
- Income taxCorporate rate with tax losses
- Corporate fixed assetsStraight-line over remaining life
- DebtAmortising term loan
- Equity raisingDistribution reinvestment plan
- Dividends and distributionsPayout of net profit
- Discounted cash flow valuationDCF on free cash flow to the firm
- Multiples valuationEV / EBITDA multiple
- InventoryWeighted average cost
- Key-metric summaryLast-twelve-month and run-rate metrics
- Case selectionStackable stress toggles
- R&D and capitalised developmentGross R&D × capitalisation rateResearch and development expense after capitalisation, with the capitalised software asset and its amortisation.
- Headcount plan by functionHiring plan by functionEmployees and staff cost by function (cost of revenue, sales and marketing, R&D, G&A).
- CPI forecastCPI glide path
- Capacity and productionFeed × conversion yield
The numbers it tracks.
- 01revenue by end market
- 02units
- 03ASP
- 04gross margin
- 05R&D to sales
- 06inventory days
- 07operating margin
- 08EPS
What it is used for.
- Operating forecastGuide · Financial projections
- ValuationGuide · DCF valuation model
- Equity capital raisingGuide · Startup financial model
- Merger or acquisition (strategic)Guide · Financial modelling services
- Scenarios and sensitivities
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Looking for a fabless semiconductor company financial model template? Ours arrives built for your business, with your figures in it.
See a finished model, sheet by sheetThe sample is built on illustrative figures and describes no real business. Models are calculations prepared from the information you provide. They are not financial advice and must be independently verified. See our terms.