Actualités en direct • May 15
Elmos Semiconductor Share Placement Boosts Free Float and Eyes Potential MDAX Inclusion Two major Elmos Semiconductor shareholders placed around 1.77 million existing shares via an accelerated bookbuilding process.
The transaction increases the company’s free float, which may support a potential inclusion in the MDAX index.
The selling shareholders agreed to a 180-day lock-up following the placement, and the offer was directed solely at institutional investors.
A higher free float and improved liquidity can make the stock more accessible for larger funds and index trackers, which can change how trading activity develops over time.
Investors may want to watch how ownership concentration, trading volumes and any future index-related announcements evolve following this placement. New Risk • May 12
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 8.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Buy Or Sell Opportunity • May 08
Now 25% overvalued after recent price rise Over the last 90 days, the stock has risen 75% to €206. The fair value is estimated to be €165, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 4.5% over the last 3 years. Earnings per share has grown by 11%. Revenue is forecast to grow by 26% in 2 years. Earnings are forecast to grow by 37% in the next 2 years. Reported Earnings • May 06
First quarter 2026 earnings: EPS and revenues miss analyst expectations First quarter 2026 results: EPS: €1.52 (up from €1.08 in 1Q 2025). Revenue: €152.5m (up 20% from 1Q 2025). Net income: €26.2m (up 41% from 1Q 2025). Profit margin: 17% (up from 15% in 1Q 2025). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 2.9%. Earnings per share (EPS) also missed analyst estimates by 8.4%. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Semiconductor industry in Germany. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has increased by 40% per year, which means it is tracking significantly ahead of earnings growth. Price Target Changed • May 05
Price target increased by 7.5% to €162 Up from €150, the current price target is an average from 4 analysts. New target price is 15% below last closing price of €191. Stock is up 220% over the past year. The company is forecast to post earnings per share of €7.11 for next year compared to €5.88 last year. Price Target Changed • Apr 17
Price target increased by 8.5% to €153 Up from €141, the current price target is an average from 5 analysts. New target price is 11% below last closing price of €172. Stock is up 219% over the past year. The company is forecast to post earnings per share of €6.78 for next year compared to €5.88 last year. Annonce • Apr 14
Elmos Semiconductor SE, Annual General Meeting, May 27, 2026 Elmos Semiconductor SE, Annual General Meeting, May 27, 2026. Valuation Update With 7 Day Price Move • Apr 10
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to €174, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 30x in the Semiconductor industry in Germany. Total returns to shareholders of 110% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €158 per share. Valuation Update With 7 Day Price Move • Mar 26
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to €149, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 28x in the Semiconductor industry in Germany. Total returns to shareholders of 76% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €156 per share. Reported Earnings • Mar 20
Full year 2025 earnings: EPS exceeds analyst expectations Full year 2025 results: EPS: €5.88 (down from €7.51 in FY 2024). Revenue: €582.6m (flat on FY 2024). Net income: €101.1m (down 21% from FY 2024). Profit margin: 17% (down from 22% in FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 4.5%. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 9.5% growth forecast for the Semiconductor industry in Germany. Over the last 3 years on average, earnings per share has increased by 15% per year whereas the company’s share price has increased by 17% per year. Valuation Update With 7 Day Price Move • Feb 28
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to €147, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 29x in the Semiconductor industry in Germany. Total returns to shareholders of 93% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €83.91 per share. Price Target Changed • Feb 25
Price target increased by 17% to €128 Up from €109, the current price target is an average from 5 analysts. New target price is 8.8% below last closing price of €140. Stock is up 101% over the past year. The company is forecast to post earnings per share of €5.63 for next year compared to €7.51 last year. Buy Or Sell Opportunity • Feb 09
Now 24% overvalued after recent price rise Over the last 90 days, the stock has risen 35% to €122. The fair value is estimated to be €98.88, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 9.1% over the last 3 years. Earnings per share has grown by 21%. Revenue is forecast to grow by 23% in 2 years. Earnings are forecast to grow by 0.3% in the next 2 years. Declared Dividend • Feb 08
Dividend increased to €1.50 Dividend of €1.50 is 50% higher than last year. Ex-date: 28th May 2026 Payment date: 1st June 2026 Dividend yield will be 1.3%, which is higher than the industry average of 1.1%. Sustainability & Growth Dividend is covered by earnings (14% earnings payout ratio) but not covered by cash flows (318% cash payout ratio). The dividend has increased by an average of 12% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 14% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Annonce • Feb 06
Elmos Semiconductor SE announces Annual dividend, payable on June 01, 2026 Elmos Semiconductor SE announced Annual dividend of EUR 1.5000 per share payable on June 01, 2026, ex-date on May 28, 2026 and record date on May 29, 2026. Price Target Changed • Feb 03
Price target increased by 7.5% to €114 Up from €106, the current price target is an average from 5 analysts. New target price is approximately in line with last closing price of €114. Stock is up 62% over the past year. The company is forecast to post earnings per share of €5.43 for next year compared to €7.51 last year. Price Target Changed • Jan 23
Price target increased by 7.5% to €109 Up from €101, the current price target is an average from 5 analysts. New target price is approximately in line with last closing price of €110. Stock is up 45% over the past year. The company is forecast to post earnings per share of €5.47 for next year compared to €7.51 last year. Buy Or Sell Opportunity • Dec 29
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 17% to €95.70. The fair value is estimated to be €78.63, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 9.1% over the last 3 years. Earnings per share has grown by 21%. Revenue is forecast to grow by 21% in 2 years. Earnings are forecast to decline by 1.1% in the next 2 years. Buy Or Sell Opportunity • Nov 28
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 20% to €97.60. The fair value is estimated to be €79.69, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 9.1% over the last 3 years. Earnings per share has grown by 21%. Revenue is forecast to grow by 21% in 2 years. Earnings are forecast to decline by 1.1% in the next 2 years. New Risk • Nov 05
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 21% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. This is currently the only risk that has been identified for the company. Reported Earnings • Nov 05
Third quarter 2025 earnings released: EPS: €1.37 (vs €1.49 in 3Q 2024) Third quarter 2025 results: EPS: €1.37 (down from €1.49 in 3Q 2024). Revenue: €140.8m (down 10% from 3Q 2024). Net income: €23.6m (down 7.6% from 3Q 2024). Profit margin: 17% (in line with 3Q 2024). Revenue is forecast to grow 9.1% p.a. on average during the next 3 years, compared to a 8.2% growth forecast for the Semiconductor industry in Germany. Over the last 3 years on average, earnings per share has increased by 21% per year whereas the company’s share price has increased by 23% per year. Annonce • Oct 17
Elmos Semiconductor SE (XTRA:ELG) acquired remaining minority stake in DMOS Dresden MOS Design GmbH. Elmos Semiconductor SE (XTRA:ELG) acquired remaining minority stake in DMOS Dresden MOS Design GmbH on October 16, 2025. Following the closing of the transaction, Elmos Semiconductor SE now holds 100 percent of the shares.
Elmos Semiconductor SE (XTRA:ELG) completed the acquisition of remaining minority stake in DMOS Dresden MOS Design GmbH on October 16, 2025. Reported Earnings • Aug 06
Second quarter 2025 earnings: EPS and revenues exceed analyst expectations Second quarter 2025 results: EPS: €1.61 (up from €1.42 in 2Q 2024). Revenue: €145.7m (up 2.6% from 2Q 2024). Net income: €27.6m (up 14% from 2Q 2024). Profit margin: 19% (up from 17% in 2Q 2024). Revenue exceeded analyst estimates by 7.9%. Earnings per share (EPS) also surpassed analyst estimates by 41%. Revenue is forecast to grow 8.4% p.a. on average during the next 3 years, compared to a 8.2% growth forecast for the Semiconductor industry in Germany. Over the last 3 years on average, earnings per share has increased by 25% per year whereas the company’s share price has increased by 24% per year. Price Target Changed • Jul 02
Price target increased by 7.7% to €93.00 Up from €86.33, the current price target is an average from 6 analysts. New target price is approximately in line with last closing price of €92.60. Stock is up 27% over the past year. The company is forecast to post earnings per share of €5.39 for next year compared to €7.51 last year. Valuation Update With 7 Day Price Move • Jun 27
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to €88.60, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 18x in the Semiconductor industry in Germany. Total returns to shareholders of 154% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €80.75 per share. Valuation Update With 7 Day Price Move • May 13
Investor sentiment improves as stock rises 26% After last week's 26% share price gain to €75.10, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 16x in the Semiconductor industry in Germany. Total returns to shareholders of 58% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €80.71 per share. Upcoming Dividend • May 09
Upcoming dividend of €1.00 per share Eligible shareholders must have bought the stock before 16 May 2025. Payment date: 20 May 2025. Payout ratio is a comfortable 13% and the cash payout ratio is 87%. Trailing yield: 1.5%. Lower than top quartile of German dividend payers (4.3%). Higher than average of industry peers (1.1%). Reported Earnings • May 07
First quarter 2025 earnings released: EPS: €1.08 (vs €1.44 in 1Q 2024) First quarter 2025 results: EPS: €1.08 (down from €1.44 in 1Q 2024). Revenue: €126.9m (down 7.3% from 1Q 2024). Net income: €18.5m (down 25% from 1Q 2024). Profit margin: 15% (down from 18% in 1Q 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 7.1% p.a. on average during the next 3 years, compared to a 7.9% growth forecast for the Semiconductor industry in Germany. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Annonce • Apr 01
Elmos Semiconductor SE, Annual General Meeting, May 15, 2025 Elmos Semiconductor SE, Annual General Meeting, May 15, 2025, at 10:00 W. Europe Standard Time. New Risk • Mar 24
New minor risk - Dividend sustainability The dividend is not well covered by cash flows. The company is paying a dividend despite having no free cash flows. Dividend yield: 1.5% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Earnings are forecast to decline by an average of 8.8% per year for the foreseeable future. High level of non-cash earnings (34% accrual ratio). Minor Risk Paying a dividend despite having no free cash flows. Declared Dividend • Mar 23
Dividend increased to €1.00 Dividend of €1.00 is 18% higher than last year. Ex-date: 16th May 2025 Payment date: 20th May 2025 Dividend yield will be 1.5%, which is higher than the industry average of 1.1%. Sustainability & Growth Dividend is covered by earnings (14% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 13% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to decline by 16% over the next 2 years. However, it would need to fall by 84% to increase the payout ratio to a potentially unsustainable range. Reported Earnings • Mar 21
Full year 2024 earnings: EPS exceeds analyst expectations Full year 2024 results: EPS: €7.51 (up from €5.79 in FY 2023). Revenue: €581.1m (up 1.1% from FY 2023). Net income: €128.7m (up 30% from FY 2023). Profit margin: 22% (up from 17% in FY 2023). The increase in margin was primarily driven by lower expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 34%. Revenue is forecast to grow 6.7% p.a. on average during the next 3 years, compared to a 8.1% growth forecast for the Semiconductor industry in Germany. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Annonce • Mar 21
Elmos Semiconductor SE announces Annual dividend, payable on May 20, 2025 Elmos Semiconductor SE announced Annual dividend of EUR 1.0000 per share payable on May 20, 2025, ex-date on May 16, 2025 and record date on May 19, 2025. Buy Or Sell Opportunity • Feb 25
Now 22% undervalued Over the last 90 days, the stock has risen 14% to €69.80. The fair value is estimated to be €89.44, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 23% over the last 3 years. Earnings per share has grown by 35%. Revenue is forecast to grow by 4.5% in 2 years. Earnings are forecast to grow by 4.5% in the next 2 years. Buy Or Sell Opportunity • Jan 10
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 18% to €78.10. The fair value is estimated to be €65.03, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 23% over the last 3 years. Earnings per share has grown by 35%. Revenue is forecast to grow by 6.3% in 2 years. Earnings are forecast to grow by 5.4% in the next 2 years. Annonce • Dec 30
Littelfuse, Inc. completed the acquisition of Elmos wafer fabrication from Elmos Semiconductor SE. Littelfuse, Inc. entered into an agreement to acquire Elmos wafer fabrication from Elmos Semiconductor SE for €93 million on June 28, 2023. Under the agreement, Littelfuse will acquire the Dortmund wafer fab with a highly skilled technology team of approximately 225 employees. All other activities, including testing operations, will remain with Elmos. Following regulatory approvals of the transaction, the consideration will be paid initially €37 million and the remaining will be paid after closing. The transaction is subject to certain closing conditions and regulatory approvals, among them the investment control procedure under foreign trade law conducted by the German Federal Ministry for Economic Affairs and Climate Action. The closing of the transaction is expected to be effective December 31, 2024. As of August 8, 2023, The German Federal Ministry for Economic Affairs and Climate Action has granted the approval. The antitrust clearance has granted by the German Federal Cartel Office (Bundeskartellamt) on July 27, 2023.
Hans Diekmann, Alexander Veith, Borries Ahrens, Christian Hilmes, Jens Matthes, Udo Olgemoeller, Heike Weber, Peter Wehner, Dorothée Kupiek, Daniel Bolm, Ioannis Thanos, Corvin Kieselhorst and Oliver Ahnseel of Allen & Overy advised Elmos Semiconductor on legal aspects of the transaction. Maike Holty, Matthias Berberich, Hendrik Bockenheimer, Markus Ernst, Marius Marx, Marco Mâallem, Alf-Henrik Bischke, Jan D. Bonhage, Erasmus Hoffman, Fabian Alexander Quast and Carolin Raspé of Hengeler Mueller acted as legal advisor of Littelfuse.
Littelfuse, Inc. completed the acquisition of Elmos wafer fabrication from Elmos Semiconductor SE on December 30, 2024. New Risk • Nov 12
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 6.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Reported Earnings • Nov 07
Third quarter 2024 earnings: EPS in line with analyst expectations despite revenue beat Third quarter 2024 results: EPS: €1.49 (down from €1.63 in 3Q 2023). Revenue: €156.6m (up 3.4% from 3Q 2023). Net income: €25.5m (down 8.7% from 3Q 2023). Profit margin: 16% (down from 18% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.4%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 5.6% p.a. on average during the next 3 years, compared to a 7.7% growth forecast for the Semiconductor industry in Germany. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Nov 06
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €63.20, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 13x in the Semiconductor industry in Germany. Total returns to shareholders of 45% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €101 per share. Price Target Changed • Oct 25
Price target decreased by 8.4% to €86.53 Down from €94.50, the current price target is an average from 6 analysts. New target price is 40% above last closing price of €61.90. Stock is down 4.8% over the past year. The company is forecast to post earnings per share of €5.74 for next year compared to €5.79 last year. Reported Earnings • Aug 02
Second quarter 2024 earnings: EPS and revenues exceed analyst expectations Second quarter 2024 results: EPS: €1.42 (up from €1.34 in 2Q 2023). Revenue: €142.0m (up 4.4% from 2Q 2023). Net income: €24.3m (up 5.9% from 2Q 2023). Profit margin: 17% (in line with 2Q 2023). Revenue exceeded analyst estimates by 1.1%. Earnings per share (EPS) also surpassed analyst estimates by 19%. Revenue is forecast to grow 7.3% p.a. on average during the next 3 years, compared to a 8.4% growth forecast for the Semiconductor industry in Germany. Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has only increased by 30% per year, which means it is significantly lagging earnings growth.