ENXTPA:XFAB

Stock Analysis Report

X-FAB Silicon Foundries

Executive Summary

X-FAB Silicon Foundries SE operates as an analog/mixed-signal semiconductor technology foundry in Europe, Asia, North America, and internationally.

Snowflake

Fundamentals

Reasonable growth potential and fair value.


Similar Companies

Share Price & News

How has X-FAB Silicon Foundries's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

0%

XFAB

-0.5%

FR Semiconductor

-0.4%

FR Market


1 Year Return

-38.6%

XFAB

33.6%

FR Semiconductor

9.5%

FR Market

Return vs Industry: XFAB underperformed the French Semiconductor industry which returned 33.6% over the past year.

Return vs Market: XFAB underperformed the French Market which returned 9.5% over the past year.


Shareholder returns

XFABIndustryMarket
7 Day0%-0.5%-0.4%
30 Day-10.4%4.8%0.06%
90 Day-3.5%13.9%0.04%
1 Year-38.6%-38.6%35.2%33.6%13.3%9.5%
3 Yearn/a193.1%181.9%42.5%28.7%
5 Yearn/a272.0%218.5%71.0%45.0%

Price Volatility Vs. Market

How volatile is X-FAB Silicon Foundries's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is X-FAB Silicon Foundries undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Undervalued: XFAB (€3.99) is trading below our estimate of fair value (€8.94)

Significantly Undervalued: XFAB is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: XFAB is unprofitable, so we can't compare its PE Ratio to the Semiconductor industry average.

PE vs Market: XFAB is unprofitable, so we can't compare its PE Ratio to the French market.


Price to Earnings Growth Ratio

Low PEG Ratio: Insufficient data to calculate XFAB's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: XFAB is good value based on its PB Ratio (0.9x) compared to the FR Semiconductor industry average (1.7x).


Next Steps

Future Growth

How is X-FAB Silicon Foundries forecast to perform in the next 1 to 3 years based on estimates from 8 analysts?

82.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: XFAB is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (0.7%).

Earnings vs Market: XFAB is forecast to become profitable over the next 3 year, which is considered above average market growth.

High Growth Earnings: XFAB's loss is forecast to worsen by 0% next year.

Revenue vs Market: XFAB's revenue (11.5% per year) is forecast to grow faster than the French market (4.4% per year).

High Growth Revenue: XFAB's revenue (11.5% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

High Future ROE: XFAB's Return on Equity is forecast to be low in 3 years time (5.8%).


Next Steps

Past Performance

How has X-FAB Silicon Foundries performed over the past 5 years?

0.3%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: XFAB is unprofitable, but has reduced losses over the past 5 years at a rate of 0.3% per year.

Accelerating Growth: Unable to compare XFAB's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: XFAB is unprofitable, making it difficult to compare its past year earnings growth to the Semiconductor industry (-4.8%).


Return on Equity

High ROE: XFAB has a negative Return on Equity (-1.61%), as it is currently unprofitable.


Return on Assets

ROA vs Industry: XFAB is currently unprofitable, so its Return on Assets is negative.


Return on Capital Employed

ROCE Improving: XFAB is currently unprofitable, so its Return on Capital Employed is negative.


Next Steps

Financial Health

How is X-FAB Silicon Foundries's financial position?


Financial Position Analysis

Short Term Liabilities: XFAB's short term assets ($423.1M) exceeds its short term liabilities ($116.1M)

Long Term Liabilities: XFAB's short term assets (423.1M) exceeds its long term liabilities (83.9M)


Debt to Equity History and Analysis

Debt Level: XFAB's debt to equity ratio (12.3%) is considered satisfactory

Reducing Debt: Insufficient data to determine if XFAB's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: XFAB's debt is not well covered by operating cash flow (10.2%).

Interest Coverage: Insufficient data to determine if XFAB's interest payments on its debt are well covered by EBIT.


Balance Sheet

Inventory Level: XFAB has a high level of physical assets or inventory.

Debt Coverage by Assets: XFAB's debt is covered by short term assets (assets are 5.076880x debt).


Next Steps

Dividend

What is X-FAB Silicon Foundries's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%1.6%markettop25%4.7%industryaverage1.3%forecastin3Years0%

Current dividend yield vs market & industry


Stability and Growth of Payments

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

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

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

Growing Dividend: Insufficient data to determine if XFAB'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 XFAB's dividend in 3 years as they are not forecast to pay a notable one for the French market.


Next Steps

Management

What is the CEO of X-FAB Silicon Foundries's salary, the management and board of directors tenure and is there insider trading?

1.3yrs

Average management tenure


CEO

Rudi De Winter (58yo)

5.8yrs

Tenure

0

Mr. Rudi De Winter has been Chief Executive Officer at X-FAB Silicon Foundries SE since 2014. Mr. De Winter serves as a Managing Director of Xtrion N.V. Mr. De Winter has been the Chief Executive Officer a ...


Management Age and Tenure

1.3yrs

Average Tenure

58yo

Average Age

Experienced Management: XFAB's management team is not considered experienced ( 1.3 years average tenure), which suggests a new team.


Board Age and Tenure

5.6yrs

Average Tenure

58yo

Average Age

Experienced Board: XFAB's board of directors are considered experienced (5.6 years average tenure).


Insider Trading

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


Ownership Breakdown


Management Team

  • Jens Kosch (58yo)

    Chief Technology Officer

    • Tenure: 0yrs
  • Rudi De Winter (58yo)

    MD. CEO & Director

    • Tenure: 5.8yrs
  • Manfred Riemer (63yo)

    Chief Operating Officer

    • Tenure: 0yrs
  • Lloyd Whetzel (61yo)

    CEO of Texas & Site Manager of Texas

    • Tenure: 0yrs
  • Dirk Drescher (53yo)

    CEO of Dresden & France and Site Manager of Dresden

    • Tenure: 0yrs
  • Alba Morganti (50yo)

    Chief Financial Officer

    • Tenure: 1.9yrs
  • Rico Tillner

    Chief Executive Officer of X-FAB Dresden

    • Tenure: 0.8yrs
  • Choon Lee

    Chief Executive Officer of X-FAB Sarawak

    • Tenure: 0.8yrs

Board Members

  • Roland Duchâtelet (72yo)

    Non-Executive Director

    • Tenure: 13.8yrs
  • Rudi De Winter (58yo)

    MD. CEO & Director

    • Tenure: 5.8yrs
  • Tommy Bin Bugo (74yo)

    Non-Executive Director

    • Tenure: 13.8yrs
  • Ahmad Bin Haij Sulaiman (56yo)

    Chairman of the Board

    • Tenure: 0yrs
  • Thomas Straub (64yo)

    Non-Executive Director

    • Tenure: 13.8yrs
  • Estelle Iacona (46yo)

    Non-Executive & Independent Director

    • Tenure: 2.5yrs
  • Christel Verschaeren (54yo)

    Non-Executive & Independent Director

    • Tenure: 2.5yrs
  • Chris Juliam (58yo)

    Non-Executive & Independent Director

    • Tenure: 2.2yrs
  • Ling Qi

    Independent Director

    • Tenure: 0.8yrs

Company Information

X-FAB Silicon Foundries SE's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: X-FAB Silicon Foundries SE
  • Ticker: XFAB
  • Exchange: ENXTPA
  • Founded: 1992
  • Industry: Semiconductors
  • Sector: Semiconductors
  • Market Cap: €520.568m
  • Shares outstanding: 130.63m
  • Website: https://www.xfab.com

Number of Employees


Location

  • X-FAB Silicon Foundries SE
  • Transportstraat 1
  • Tessenderlo
  • Limburg
  • 3980
  • Belgium

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
XFABENXTPA (Euronext Paris)YesOrdinary SharesFREURApr 2017
XFABPBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBEURApr 2017
0ROZLSE (London Stock Exchange)YesOrdinary SharesGBEURApr 2017

Biography

X-FAB Silicon Foundries SE operates as an analog/mixed-signal semiconductor technology foundry in Europe, Asia, North America, and internationally. The company manufactures silicon wafers for automotive, i ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/19 21:56
End of Day Share Price2019/10/18 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.