ENXTPA:SOI

Stock Analysis Report

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Executive Summary

Soitec S.A. designs and produces semiconductor materials in the United States, Europe, and Asia.


Snowflake Analysis

Flawless balance sheet with proven track record.

Share Price & News

How has Soitec's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: SOI has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

5.2%

SOI

4.4%

FR Semiconductor

2.7%

FR Market


1 Year Return

23.4%

SOI

55.4%

FR Semiconductor

0.05%

FR Market

Return vs Industry: SOI underperformed the French Semiconductor industry which returned 46% over the past year.

Return vs Market: SOI exceeded the French Market which returned -2.9% over the past year.


Shareholder returns

SOIIndustryMarket
7 Day5.2%4.4%2.7%
30 Day1.1%-1.0%-0.1%
90 Day20.8%15.2%16.8%
1 Year23.4%23.4%56.6%55.4%2.2%0.05%
3 Year108.2%108.2%73.2%68.3%12.1%2.5%
5 Year958.0%746.0%164.9%184.8%30.9%12.8%

Price Volatility Vs. Market

How volatile is Soitec's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Soitec undervalued compared to its fair value and its price relative to the market?

10.7%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: SOI (€106.6) is trading below our estimate of fair value (€119.37)

Significantly Below Fair Value: SOI is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: SOI is poor value based on its PE Ratio (31.1x) compared to the XE Semiconductor industry average (30.5x).

PE vs Market: SOI is poor value based on its PE Ratio (31.1x) compared to the French market (16.3x).


Price to Earnings Growth Ratio

PEG Ratio: SOI is poor value based on its PEG Ratio (1.4x)


Price to Book Ratio

PB vs Industry: SOI is overvalued based on its PB Ratio (6.4x) compared to the FR Semiconductor industry average (2.5x).


Next Steps

Future Growth

How is Soitec forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?

22.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: SOI's forecast earnings growth (22.3% per year) is above the savings rate (0.6%).

Earnings vs Market: SOI's earnings (22.3% per year) are forecast to grow slower than the French market (23.8% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: SOI's revenue (16.8% per year) is forecast to grow faster than the French market (6.4% per year).

High Growth Revenue: SOI's revenue (16.8% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: SOI's Return on Equity is forecast to be high in 3 years time (20.5%)


Next Steps

  • Explore growth companies in the Semiconductors industry.

Past Performance

How has Soitec performed over the past 5 years?

63.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: SOI has high quality earnings.

Growing Profit Margin: SOI's current net profit margins (18.5%) are lower than last year (20.2%).


Past Earnings Growth Analysis

Earnings Trend: SOI has become profitable over the past 5 years, growing earnings by 63.3% per year.

Accelerating Growth: SOI's earnings growth over the past year (23%) is below its 5-year average (63.3% per year).

Earnings vs Industry: SOI earnings growth over the past year (23%) exceeded the Semiconductor industry -19.2%.


Return on Equity

High ROE: SOI's Return on Equity (20%) is considered high.


Next Steps

Financial Health

How is Soitec's financial position?


Financial Position Analysis

Short Term Liabilities: SOI's short term assets (€556.0M) exceed its short term liabilities (€216.5M).

Long Term Liabilities: SOI's short term assets (€556.0M) exceed its long term liabilities (€233.0M).


Debt to Equity History and Analysis

Debt Level: SOI's debt to equity ratio (34.8%) is considered satisfactory.

Reducing Debt: SOI's debt to equity ratio has reduced from 332.9% to 34.8% over the past 5 years.

Debt Coverage: SOI's debt is well covered by operating cash flow (51.9%).

Interest Coverage: SOI's interest payments on its debt are well covered by EBIT (23.7x coverage).


Balance Sheet


Next Steps

Dividend

What is Soitec current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate SOI's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate SOI's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if SOI's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if SOI's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of SOI's dividend in 3 years as they are not forecast to pay a notable one for the French market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

2.6yrs

Average management tenure


CEO

Paul Boudre (62 yo)

5.58yrs

Tenure

€1,314,500

Compensation

Mr. Paul Boudre has been the Chief Executive Officer of Soitec S.A. since January 16, 2015. Mr. Boudre served as Chief Operating Officer of Soitec S.A. from June 1, 2008 to January 15, 2015 and served as i ...


CEO Compensation Analysis

Compensation vs Market: Paul's total compensation ($USD1.55M) is about average for companies of similar size in the French market ($USD1.86M).

Compensation vs Earnings: Paul's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Paul Boudre
CEO & Director5.58yrs€1.31m0.12%
€ 4.4m
Léa Alzingre
Senior Director & Acting CFO0.083yrno datano data
Joséphine Deege-Mansour
General Counsel1.75yrsno datano data
Pascal Lobry
Human Resources Director3.58yrsno datano data
Bernard Aspar
Senior Executive Vice President of Global Business Unitsno datano datano data
Thomas Piliszczuk
Executive Vice President of Global Strategyno datano datano data
Cyril Menon
Executive Vice President of Industrial Operations2.58yrsno datano data

2.6yrs

Average Tenure

Experienced Management: SOI's management team is considered experienced (2.6 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Paul Boudre
CEO & Director5.58yrs€1.31m0.12%
€ 4.4m
Eric Meurice
Independent Chairman of the Board1.42yrs€155.55k0.0030%
€ 106.5k
Françoise Chombar
Independent Director1.08yrs€26.75kno data
Kai Aarne Seikku
Director1.25yrs€47.68k0.0060%
€ 213.3k
Christophe Gégout
Independent Director5.33yrs€66.11kno data
Thierry Sommelet
Director5.33yrsno datano data
Sophie Paquin
Director4.08yrs€42.51kno data
Guillemette Picard
Director4.25yrs€39.62kno data
Satoshi Onishi
Director5.08yrs€20.22k0.00030%
€ 10.6k
Laurence Delpy
Independent Director4.33yrs€93.14k0.0020%
€ 71.8k
Shuo Zhang
Independent Director1.08yrs€41.61kno data
Jeffrey Wang
Director1.25yrs€31.43kno data

4.2yrs

Average Tenure

55yo

Average Age

Experienced Board: SOI's board of directors are considered experienced (4.2 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Soitec S.A.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Soitec S.A.
  • Ticker: SOI
  • Exchange: ENXTPA
  • Founded: 1992
  • Industry: Semiconductors
  • Sector: Semiconductors
  • Market Cap: €3.537b
  • Shares outstanding: 33.18m
  • Website: https://www.soitec.com

Number of Employees


Location

  • Soitec S.A.
  • Parc Technologique des Fontaines
  • Chemin des Franques
  • Bernin
  • Rhône-Alpes
  • 38190
  • France

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
SLOI.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDFeb 1999
SOIENXTPA (Euronext Paris)YesOrdinary SharesFREURFeb 1999
0RMTLSE (London Stock Exchange)YesOrdinary SharesGBEURFeb 1999
SOH1DB (Deutsche Boerse AG)YesOrdinary SharesDEEURFeb 1999
SOIPBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBEURFeb 1999
SLOI.YOTCPK (Pink Sheets LLC)UNSPONSORED ADRUSUSDOct 2008

Biography

Soitec S.A. designs and produces semiconductor materials in the United States, Europe, and Asia. It offers silicon-on-insulator (SOI) wafers for processor and connectivity system on chips (SoCs), including ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/08/12 21:30
End of Day Share Price2020/08/12 00:00
Earnings2020/03/31
Annual Earnings2020/03/31


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.