Loading...

Infineon Technologies

WBAG:IFX
Snowflake Description

Excellent balance sheet with acceptable track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
IFX
WBAG
€16B
Market Cap
  1. Home
  2. AT
  3. Semiconductors
Company description

Infineon Technologies AG designs, develops, manufactures, and markets semiconductors and system solutions worldwide. The last earnings update was 36 days ago. More info.


Add to Portfolio Compare Print
  • Infineon Technologies has significant price volatility in the past 3 months.
IFX Share Price and Events
7 Day Returns
-4%
WBAG:IFX
-1.5%
Europe Semiconductor
0.1%
AT Market
1 Year Returns
-43%
WBAG:IFX
-22.8%
Europe Semiconductor
-8.2%
AT Market
IFX Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Infineon Technologies (IFX) -4% -21.2% -27.5% -43% - -
Europe Semiconductor -1.5% -8.6% -4.4% -22.8% 71.7% 71.3%
AT Market 0.1% -2.4% -1.9% -8.2% 41.2% 17.4%
1 Year Return vs Industry and Market
  • IFX underperformed the Semiconductor industry which returned -22.8% over the past year.
  • IFX underperformed the Market in Austria which returned -8.2% over the past year.
Price Volatility
IFX
Industry
5yr Volatility vs Market
Related Companies

Value

 Is Infineon Technologies undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Infineon Technologies to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Infineon Technologies.

WBAG:IFX Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 22 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 7.7%
Perpetual Growth Rate 10-Year AT Government Bond Rate 0.5%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for WBAG:IFX
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year AT Govt Bond Rate 0.5%
Equity Risk Premium S&P Global 6%
Semiconductor Unlevered Beta Simply Wall St/ S&P Global 1.23
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.227 (1 + (1- 30%) (9.52%))
1.207
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.21
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.51% + (1.207 * 5.96%)
7.7%

Discounted Cash Flow Calculation for WBAG:IFX using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Infineon Technologies is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

WBAG:IFX DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 7.7%)
2019 373.84 Analyst x7 347.11
2020 673.21 Analyst x13 580.38
2021 826.85 Analyst x9 661.86
2022 1,047.50 Analyst x2 778.53
2023 1,423.50 Analyst x2 982.34
2024 1,673.91 Est @ 17.59% 1,072.55
2025 1,882.59 Est @ 12.47% 1,120.01
2026 2,049.76 Est @ 8.88% 1,132.27
2027 2,180.31 Est @ 6.37% 1,118.26
2028 2,280.85 Est @ 4.61% 1,086.18
Present value of next 10 years cash flows €8,879.49
WBAG:IFX DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= €2,280.85 × (1 + 0.51%) ÷ (7.7% – 0.51%)
€31,880.26
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €31,880.26 ÷ (1 + 7.7%)10
€15,181.97
WBAG:IFX Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €8,879.49 + €15,181.97
€24,061.46
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €24,061.46 / 1,131.25
€21.27
WBAG:IFX Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in WBAG:IFX represents 0.99722x of XTRA:IFX
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.99722x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (EUR) x Listing Adjustment Factor
= € 21.27 x 0.99722
€21.21
Value per share (EUR) From above. €21.21
Current discount Discount to share price of €14.35
= -1 x (€14.35 - €21.21) / €21.21
32.3%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Infineon Technologies is available for.
Intrinsic value
32%
Share price is €14.35 vs Future cash flow value of €21.21
Current Discount Checks
For Infineon Technologies to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Infineon Technologies's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Infineon Technologies's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Infineon Technologies's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Infineon Technologies's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
WBAG:IFX PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in EUR €0.93
XTRA:IFX Share Price ** XTRA (2019-06-14) in EUR €14.39
Europe Semiconductor Industry PE Ratio Median Figure of 27 Publicly-Listed Semiconductor Companies 23.74x
Austria Market PE Ratio Median Figure of 54 Publicly-Listed Companies 15.12x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Infineon Technologies.

WBAG:IFX PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= XTRA:IFX Share Price ÷ EPS (both in EUR)

= 14.39 ÷ 0.93

15.42x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Infineon Technologies is good value based on earnings compared to the Europe Semiconductor industry average.
  • Infineon Technologies is overvalued based on earnings compared to the Austria market.
Price based on expected Growth
Does Infineon Technologies's expected growth come at a high price?
Raw Data
WBAG:IFX PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 15.42x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 22 Analysts
9.5%per year
Europe Semiconductor Industry PEG Ratio Median Figure of 20 Publicly-Listed Semiconductor Companies 1.41x
Austria Market PEG Ratio Median Figure of 32 Publicly-Listed Companies 1.28x

*Line of best fit is calculated by linear regression .

WBAG:IFX PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 15.42x ÷ 9.5%

1.62x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Infineon Technologies is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Infineon Technologies's assets?
Raw Data
WBAG:IFX PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in EUR €5.89
XTRA:IFX Share Price * XTRA (2019-06-14) in EUR €14.39
Europe Semiconductor Industry PB Ratio Median Figure of 39 Publicly-Listed Semiconductor Companies 1.86x
Austria Market PB Ratio Median Figure of 62 Publicly-Listed Companies 1.23x
WBAG:IFX PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= XTRA:IFX Share Price ÷ Book Value per Share (both in EUR)

= 14.39 ÷ 5.89

2.44x

* Primary Listing of Infineon Technologies.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Infineon Technologies is overvalued based on assets compared to the Europe Semiconductor industry average.
X
Value checks
We assess Infineon Technologies's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Semiconductor industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Semiconductor industry average (and greater than 0)? (1 check)
  5. Infineon Technologies has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Infineon Technologies expected to perform in the next 1 to 3 years based on estimates from 22 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
9.5%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Infineon Technologies expected to grow at an attractive rate?
  • Infineon Technologies's earnings growth is expected to exceed the low risk savings rate of 0.5%.
Growth vs Market Checks
  • Infineon Technologies's earnings growth is expected to exceed the Austria market average.
  • Infineon Technologies's revenue growth is expected to exceed the Austria market average.
Annual Growth Rates Comparison
Raw Data
WBAG:IFX Future Growth Rates Data Sources
Data Point Source Value (per year)
WBAG:IFX Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 22 Analysts 9.5%
WBAG:IFX Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 22 Analysts 7.5%
Europe Semiconductor Industry Earnings Growth Rate Market Cap Weighted Average 22.7%
Europe Semiconductor Industry Revenue Growth Rate Market Cap Weighted Average 8.2%
Austria Market Earnings Growth Rate Market Cap Weighted Average 8.7%
Austria Market Revenue Growth Rate Market Cap Weighted Average 3.1%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
WBAG:IFX Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 22 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
WBAG:IFX Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-09-30 10,759 2,694 1,264 4
2022-09-30 9,987 2,400 1,209 6
2021-09-30 9,420 2,490 1,277 13
2020-09-30 8,624 2,176 1,102 22
2019-09-30 7,998 1,784 968 21
WBAG:IFX Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2019-03-31 7,941 1,626 1,058
2018-12-31 7,794 1,720 1,266
2018-09-30 7,599 1,575 1,218
2018-06-30 7,371 1,547 1,095
2018-03-31 7,261 1,615 1,090
2017-12-31 7,193 1,605 832
2017-09-30 7,063 1,723 791
2017-06-30 6,919 1,550 841
2017-03-31 6,720 1,516 776
2016-12-31 6,562 1,413 754
2016-09-30 6,473 1,291 742
2016-06-30 6,396 1,276 836

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Infineon Technologies's earnings are expected to grow by 9.5% yearly, however this is not considered high growth (20% yearly).
  • Infineon Technologies's revenue is expected to grow by 7.5% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
WBAG:IFX Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 22 Analyst Estimates (S&P Global) See Below

All data from Infineon Technologies Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

WBAG:IFX Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-09-30 1.11 1.11 1.11 1.00
2022-09-30 1.07 1.07 1.07 1.00
2021-09-30 1.11 1.27 0.90 11.00
2020-09-30 0.97 1.11 0.86 19.00
2019-09-30 0.85 1.01 0.79 17.00
WBAG:IFX Past Financials Data
Date (Data in EUR Millions) EPS *
2019-03-31 0.93
2018-12-31 1.12
2018-09-30 1.08
2018-06-30 0.97
2018-03-31 0.97
2017-12-31 0.74
2017-09-30 0.70
2017-06-30 0.75
2017-03-31 0.68
2016-12-31 0.67
2016-09-30 0.66
2016-06-30 0.75

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Infineon Technologies is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Infineon Technologies's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Infineon Technologies has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Infineon Technologies performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Infineon Technologies's growth in the last year to its industry (Semiconductor).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Infineon Technologies has delivered over 20% year on year earnings growth in the past 5 years.
  • Infineon Technologies's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Infineon Technologies's 1-year earnings growth is negative, it can't be compared to the Europe Semiconductor industry average.
Earnings and Revenue History
Infineon Technologies's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Infineon Technologies Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

WBAG:IFX Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 7,941.00 1,058.00 866.00 913.00
2018-12-31 7,794.00 1,266.00 863.00 877.00
2018-09-30 7,599.00 1,218.00 850.00 836.00
2018-06-30 7,371.00 1,095.00 830.00 802.00
2018-03-31 7,261.00 1,090.00 829.00 779.00
2017-12-31 7,193.00 832.00 828.00 771.00
2017-09-30 7,063.00 791.00 819.00 776.00
2017-06-30 6,919.00 841.00 809.00 767.00
2017-03-31 6,720.00 776.00 800.00 769.00
2016-12-31 6,562.00 754.00 787.00 772.00
2016-09-30 6,473.00 742.00 791.00 770.00
2016-06-30 6,396.00 836.00 810.00 787.00
2016-03-31 6,350.00 757.00 820.00 791.00
2015-12-31 6,223.00 643.00 842.00 776.00
2015-09-30 5,795.00 620.00 778.00 717.00
2015-06-30 5,372.00 445.00 701.00 660.00
2015-03-31 4,896.00 483.00 613.00 601.00
2014-12-31 4,464.00 533.00 518.00 556.00
2014-09-30 4,320.00 488.00 496.00 550.00
2014-06-30 4,198.00 479.00 473.00 550.00
2014-03-31 4,109.00 418.00 465.00 548.00
2013-12-31 3,976.00 342.00 446.00 535.00
2013-09-30 3,843.00 283.00 440.00 525.00
2013-06-30 3,772.00 274.00 446.00 508.00
2013-03-31 3,741.00 282.00 451.00 484.00
2012-12-31 3,809.00 354.00 465.00 472.00
2012-09-30 3,904.00 432.00 475.00 455.00
2012-06-30 3,960.00 550.00 473.00 442.00

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Infineon Technologies has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Infineon Technologies used its assets more efficiently than the Europe Semiconductor industry average last year based on Return on Assets.
  • Infineon Technologies has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Infineon Technologies's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Semiconductor industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Infineon Technologies has a total score of 3/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Infineon Technologies's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Infineon Technologies's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Infineon Technologies is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Infineon Technologies's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Infineon Technologies's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 3.4x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Infineon Technologies Company Filings, last reported 2 months ago.

WBAG:IFX Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 6,664.00 1,549.00 1,882.00
2018-12-31 6,757.00 1,533.00 2,306.00
2018-09-30 6,446.00 1,532.00 2,543.00
2018-06-30 6,317.00 1,829.00 2,621.00
2018-03-31 5,979.00 1,789.00 2,438.00
2017-12-31 5,834.00 1,809.00 2,312.00
2017-09-30 5,636.00 1,834.00 2,452.00
2017-06-30 5,498.00 1,859.00 2,217.00
2017-03-31 5,339.00 2,017.00 2,049.00
2016-12-31 5,299.00 2,043.00 2,209.00
2016-09-30 5,023.00 1,769.00 2,240.00
2016-06-30 4,840.00 1,784.00 2,083.00
2016-03-31 4,781.00 1,776.00 1,803.00
2015-12-31 4,860.00 1,790.00 1,994.00
2015-09-30 4,665.00 1,793.00 2,013.00
2015-06-30 4,407.00 1,793.00 1,842.00
2015-03-31 4,184.00 1,832.00 1,656.00
2014-12-31 4,392.00 190.00 2,107.00
2014-09-30 4,158.00 186.00 2,418.00
2014-06-30 4,026.00 190.00 2,263.00
2014-03-31 3,877.00 188.00 2,198.00
2013-12-31 3,867.00 231.00 2,279.00
2013-09-30 3,776.00 303.00 2,286.00
2013-06-30 3,612.00 306.00 2,137.00
2013-03-31 3,547.00 312.00 2,016.00
2012-12-31 3,604.00 314.00 2,081.00
2012-09-30 3,575.00 297.00 2,235.00
2012-06-30 3,527.00 243.00 2,150.00
  • Infineon Technologies's level of debt (23.2%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (4.8% vs 23.2% today).
  • Debt is well covered by operating cash flow (105%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 32.8x coverage).
X
Financial health checks
We assess Infineon Technologies's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Infineon Technologies has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Infineon Technologies's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
1.88%
Current annual income from Infineon Technologies dividends. Estimated to be 2.1% next year.
If you bought €2,000 of Infineon Technologies shares you are expected to receive €38 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Infineon Technologies's pays a higher dividend yield than the bottom 25% of dividend payers in Austria (1.42%).
  • Infineon Technologies's dividend is below the markets top 25% of dividend payers in Austria (4.45%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
WBAG:IFX Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 22 Analyst Estimates (S&P Global) See Below
Europe Semiconductor Industry Average Dividend Yield Market Cap Weighted Average of 13 Stocks 1.6%
Austria Market Average Dividend Yield Market Cap Weighted Average of 51 Stocks 3.6%
Austria Minimum Threshold Dividend Yield 10th Percentile 1.1%
Austria Bottom 25% Dividend Yield 25th Percentile 1.4%
Austria Top 25% Dividend Yield 75th Percentile 4.4%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

WBAG:IFX Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2023-09-30 0.31 1.00
2022-09-30 0.30 1.00
2021-09-30 0.32 14.00
2020-09-30 0.31 22.00
2019-09-30 0.28 22.00
WBAG:IFX Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2019-02-21 0.270 1.462
2018-02-22 0.250 1.223
2016-11-30 0.220 1.125
2016-11-23 0.220 1.362
2015-11-26 0.200 1.503
2014-11-27 0.180 1.738
2014-02-14 0.120 1.428
2012-11-30 0.120 1.771
2012-11-14 0.120 2.086
2012-08-08 0.120 2.208
2012-07-31 0.120 2.092
2012-03-08 0.120 1.869
2010-12-22 0.100 1.465
2010-11-16 0.100 1.447

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Whilst dividend payments have been stable, Infineon Technologies has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but Infineon Technologies only paid a dividend in the past 9 years.
Current Payout to shareholders
What portion of Infineon Technologies's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (3.5x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (3.8x coverage).
X
Income/ dividend checks
We assess Infineon Technologies's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.1%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Infineon Technologies afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Infineon Technologies has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Infineon Technologies's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Reinhard Ploss
COMPENSATION €2,993,071
AGE 63
TENURE AS CEO 6.7 years
CEO Bio

Dr. Reinhard Ploss has been Chief Executive Officer of Infineon Technologies AG since October 1, 2012 and has been its Labor Director since August 2010. Dr. Ploss serves as Chairman of Management Board at Infineon Technologies AG and has been its Member of Management Board since June 1, 2007. He began his Career at Infineon Technologies AG in 1999. He has been Labor Director of Infineon Technologies AG since August 2008 and serves as Head of Research & Development. He served as the Head of Operations and R&D, Executive Vice President of Infineon Technologies AG since June 1, 2007 and served as its Interim Labor Director since August 2010. Dr. Ploss was responsible for Operations comprising central manufacturing Frontend and Backend, Test, Quality Management as well as Logistics. He served as Chairman of Executive Board of Infineon Technologies Austria AG until May 31, 2007. Dr. Ploss joined Siemens/Infineon in 1986 as a Process Engineer for ion implantation in wafer manufacture at Munich Balanstrasse, focusing on process development, yield and quality improvement. After about 1 year, he assumed responsibility for ion implantation process technology and later for epitaxy. In 1992, he moved to Villach, where he was initially responsible for the transfer of the epitaxy process and later for the coordination of the product transfer. In 1996, he went back to Munich and took charge of the Power Semiconductor Business Unit with a focus on development and manufacturing. Additionally, he served as President of Eupec GmbH Co. KG since 1999. Since 2000, he headed the Automotive & Industrial Business Group, which then encompassed power semiconductors, electric drives, automotive applications and the MicroController Business Unit. In 2005, Dr. Ploss assumed responsibility for manufacture, development and operational management in the Automotive, Industrial and Multimarket Business Group. Dr. Ploss served as Chairman of Supervisory Board of Infineon Technologies Austria AG, Villach, Austria since June 1, 2007 and also as its Member of the Board of Directors. He serves as a Member of Supervisory Board at Infineon Technologies Austria Ag. He studied Process Engineering at the Technical University of Munich and in 1986 received his Doctorate.

CEO Compensation
  • Reinhard's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Insufficient data for Reinhard to establish whether their remuneration is reasonable compared to companies of similar size in .
Management Team Tenure

Average tenure and age of the Infineon Technologies management team in years:

4.3
Average Tenure
54
Average Age
  • The tenure for the Infineon Technologies management team is about average.
Management Team

Reinhard Ploss

TITLE
Chairman of Management Board
COMPENSATION
€3M
AGE
63
TENURE
6.7 yrs

Peter Gruber

TITLE
CFO of Operations & Employee Representative Member of Supervisory Board
COMPENSATION
€123K
AGE
58

Helmut Gassel

TITLE
Chief Marketing Officer & Member of Management Board
COMPENSATION
€2M
AGE
54
TENURE
2.9 yrs

Jochen Hanebeck

TITLE
COO & Member of Management Board
COMPENSATION
€2M
AGE
50
TENURE
2.9 yrs

Sven Schneider

TITLE
CFO & Member of Management Board
AGE
52
TENURE
0.1 yrs

Alexander Foltin

TITLE
Head of Investor Relations
AGE
49

Michael von Eickstedt

TITLE
Corporate VP & General Counsel

Klaus Walther

TITLE
Corporate Vice President of Communications
AGE
63
TENURE
5.9 yrs

Thomas Marquardt

TITLE
Global Head of Human Resources
AGE
61
TENURE
15.9 yrs

Ulrich Pelzer

TITLE
Head of Finance - Power Management & Multimarket Segment
AGE
45
TENURE
4.3 yrs
Board of Directors Tenure

Average tenure and age of the Infineon Technologies board of directors in years:

6.9
Average Tenure
58
Average Age
  • The tenure for the Infineon Technologies board of directors is about average.
Board of Directors

Eckart Sünner

TITLE
Chairman of the Supervisory Board
COMPENSATION
€182K
AGE
74
TENURE
1.3 yrs

Johann Dechant

TITLE
Deputy Chairman of Supervisory Board
COMPENSATION
€148K
AGE
53
TENURE
4.3 yrs

Peter Gruber

TITLE
CFO of Operations & Employee Representative Member of Supervisory Board
COMPENSATION
€123K
AGE
58
TENURE
10.3 yrs

Peter Bauer

TITLE
Member of Supervisory Board
COMPENSATION
€133K
AGE
58
TENURE
4.3 yrs

Wolfgang Eder

TITLE
Member of the Supervisory Board
COMPENSATION
€82K
AGE
66
TENURE
1.3 yrs

Kerstin Schulzendorf

TITLE
Employee Representative Member of Supervisory Board
COMPENSATION
€104K
AGE
56
TENURE
4.3 yrs

Renate Köcher

TITLE
Member of Supervisory Board
COMPENSATION
€100K
AGE
66
TENURE
14.4 yrs

Gerhard Hobbach

TITLE
Employee Representative Member of Supervisory Board
COMPENSATION
€125K
AGE
56
TENURE
12.3 yrs

Manfred Puffer

TITLE
Member of Supervisory Board
COMPENSATION
€90K
AGE
55
TENURE
9.9 yrs

Hans-Ulrich Holdenried

TITLE
Member of Supervisory Board
COMPENSATION
€127K
AGE
67
TENURE
9.4 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess Infineon Technologies's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Infineon Technologies has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

Infineon Technologies AG designs, develops, manufactures, and markets semiconductors and system solutions worldwide. Its Automotive segment offers automotive microcontrollers for powertrain, safety, and driver assistance systems; 3D ToF, magnetic, and pressure sensors; discrete power semiconductors; IGBT modules; industrial microcontrollers; power and radar sensor integrated circuits (ICs); transceivers; and voltage regulators for use in assistance and safety systems, comfort electronics, and powertrain and security products. The company’s Industrial Power Control segment provides bare dies, discrete IGBTs, driver ICs, IGBT modules and stacks, and silicon carbide MOSEFTs and modules for electric vehicle charging stations, energy distribution, home appliances, industrial drives, industrial robots, industrial vehicles, renewable energy generation, and traction. Its Power Management & Multimarket segment offers control ICs, customized chips, discrete low-voltage and high-voltage power MOSFETs and driver ICs, GPS low-noise amplifiers, MEMS and ASICs for pressure sensors and silicon microphones, radar sensor ICs, RF antenna switches and power transistors, silicon carbide diodes, and transient voltage suppressor diodes for use in cellular infrastructure, electric vehicle charging stations, DC motors, various components, Internet of Things, LED and conventional lighting systems, mobile devices, and power management. The company’s Digital Security Solutions segment provides contact-based, contactless, dual interface, and embedded security controllers for authentication, automotive, government identification document, healthcare card, Internet of things, mobile communication, payment system, mobile payment, ticketing, access control, and trusted computing applications. Infineon Technologies AG has a strategic collaboration with Rambus Inc. Infineon Technologies AG is headquartered in Munich, Germany.

Details
Name: Infineon Technologies AG
IFX
Exchange: WBAG
Founded:
€16,278,687,500
1,131,250,000
Website: http://www.infineon.com
Address: Infineon Technologies AG
Am Campeon 1-12,
Neubiberg,
Munich,
Bavaria, 85579,
Germany
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
XTRA IFX Bearer Shares XETRA Trading Platform DE EUR 13. Mar 2000
OTCPK IFNN.F Bearer Shares Pink Sheets LLC US USD 13. Mar 2000
DB IFX Bearer Shares Deutsche Boerse AG DE EUR 13. Mar 2000
LSE 0KED Bearer Shares London Stock Exchange GB EUR 13. Mar 2000
SWX IFX Bearer Shares SIX Swiss Exchange CH CHF 13. Mar 2000
BIT IFX Bearer Shares Borsa Italiana IT EUR 13. Mar 2000
WBAG IFX Bearer Shares Wiener Boerse AG AT EUR 13. Mar 2000
BUSE INFINEON Bearer Shares Budapest Stock Exchange HU HUF 13. Mar 2000
BMV IFX N Bearer Shares Bolsa Mexicana de Valores MX MXN 13. Mar 2000
BATS-CHIXE IFXD Bearer Shares BATS 'Chi-X Europe' GB EUR 13. Mar 2000
OTCPK IFNN.Y SPONSORED ADR Pink Sheets LLC US USD 13. Mar 2000
DB IFXA SPONSORED ADR Deutsche Boerse AG DE EUR 13. Mar 2000
Number of employees
Current staff
Staff numbers
41,449
Infineon Technologies employees.
Industry
Semiconductors
Semiconductors
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/06/15 22:46
End of day share price update: 2019/06/14 00:00
Last estimates confirmation: 2019/06/12
Last earnings filing: 2019/05/10
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/09/30


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.