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An appealing family owned and managed semi conductor company

DI
Didier_Lambert_private_invInvested
Community Contributor

Published

November 03 2024

Updated

November 15 2024

Narratives are currently in beta

Fair Value is based on 5 analyst following the company.

The company is active in the domain of semi-conductors so highly volatile but the story behind this company is very appealing :

  • It is a family owned company with a management being there already for longtime and having themselves important stakes
  • They have a very tight relation of being the producers of Melexis (that only conceives chips) qnd hence is assured by a steady flow of orders
  • The current figures are biased by a hefty investment in building up extra capacity
  • They do not target high volumes as this is a battle they can not win, they are just strong in making small to medium batches

The major risks and attention points are :

  • Will follow the volatily of the semiconductor business
  • Linked to auto industry so if this one is suffering XFab will perform weaker as well
  • They realize high margins but if Revenue is not attained immediate impact on the bottom line as there are consequent sunk costs. But if overachievement the bottom line will explode (which happens regularly)

As such my believe is that being able to buy Xfab under 5 Euro is a steal and never sell it below 9 Euro. You will just need some patience.

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Disclaimer

The user Didier_Lambert_private_inv has a position in ENXTPA:XFAB. Simply Wall St has no position in any of the companies mentioned. The author of this narrative is not affiliated with, nor authorised by Simply Wall St as a sub-authorised representative. This narrative is general in nature and explores scenarios and estimates created by the author. The narrative does not reflect the opinions of Simply Wall St, and the views expressed are the opinion of the author alone, acting on their own behalf. These scenarios are not indicative of the company's future performance and are exploratory in the ideas they cover. The fair value estimates are estimations only, and does not constitute a recommendation to buy or sell any stock, and they do not take account of your objectives, or your financial situation. Note that the author's analysis may not factor in the latest price-sensitive company announcements or qualitative material.

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Fair Value
€6.5
34.3% undervalued intrinsic discount
Didier_Lambert_private_inv's Fair Value
Future estimation in
PastFuture0500m1b2b2014201720202023202420262029Revenue US$1.9bEarnings US$236.9m
% p.a.
Decrease
Increase
Current revenue growth rate
8.14%
Semiconductors revenue growth rate
0.96%
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