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.

Rewards

Earnings are forecast to grow 103.94% per year

Risk Analysis

No risks detected for XFAB from our risk checks.


Snowflake Analysis

Adequate balance sheet with reasonable growth potential.


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

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


Market Performance


7 Day Return

-10.4%

XFAB

0.8%

FR Semiconductor

0.5%

FR Market


1 Year Return

2.2%

XFAB

82.6%

FR Semiconductor

17.1%

FR Market

Return vs Industry: XFAB underperformed the French Semiconductor industry which returned 82.6% over the past year.

Return vs Market: XFAB underperformed the French Market which returned 17.1% over the past year.


Shareholder returns

XFABIndustryMarket
7 Day-10.4%0.8%0.5%
30 Day11.3%11.3%0.8%
90 Day26.5%26.0%5.1%
1 Year2.2%2.2%84.5%82.6%21.2%17.1%
3 Yearn/a101.2%94.2%44.1%30.5%
5 Yearn/a163.7%146.3%56.3%34.0%

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?

1.12x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: XFAB (€5.2) is trading above our estimate of fair value (€0.75)

Significantly Below Fair Value: XFAB is trading above our estimate of fair value.


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

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 (1.1x) compared to the FR Semiconductor industry average (2.6x).


Next Steps

Future Growth

How is X-FAB Silicon Foundries forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?

102.0%

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 (-0.1%).

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

High Growth Earnings: XFAB's is expected to become profitable in the next 3 years.

Revenue vs Market: XFAB's revenue (8.7% per year) is forecast to grow faster than the French market (4.6% per year).

High Growth Revenue: XFAB's revenue (8.7% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: XFAB's Return on Equity is forecast to be low in 3 years time (7.6%).


Next Steps

Past Performance

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

-23.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: XFAB is currently unprofitable.

Growing Profit Margin: XFAB is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: XFAB is unprofitable, and losses have increased over the past 5 years at a rate of -23.9% 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 (-19%).


Return on Equity

High ROE: XFAB has a negative Return on Equity (-7.6%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

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


Financial Position Analysis

Short Term Liabilities: XFAB's short term assets ($417.9M) exceed its short term liabilities ($119.9M).

Long Term Liabilities: XFAB's short term assets ($417.9M) exceed its long term liabilities ($99.8M).


Debt to Equity History and Analysis

Debt Level: XFAB's debt to equity ratio (14.5%) is considered satisfactory.

Reducing Debt: XFAB's debt to equity ratio has reduced from 24.1% to 14.5% over the past 5 years.


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 4.5x debt).


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: XFAB has been profitable on average in the past, therefore cash runway is not a concern.

Forecast Cash Runway: XFAB has been profitable on average in the past, therefore cash runway is not a concern.


Next Steps

Dividend

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


Dividend Yield vs Market

companyn/amarketbottom25%1.5%markettop25%4.5%industryaverage1.1%forecastin3Years0%

Current dividend yield vs market & industry

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.


Stability and Growth of Payments

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

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

1.7yrs

Average management tenure


CEO

Rudi De Winter (58yo)

6.1yrs

Tenure

US$369,321

Compensation

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 ...


CEO Compensation Analysis

Compensation vs Market: Rudi's total compensation ($USD369.32K) is below average for companies of similar size in the French market ($USD676.97K).

Compensation vs Earnings: Insufficient data to compare Rudi's compensation with company performance.


Leadership Team

NamePositionTenureCompensationOwnership
Rudi De Winter
MD. CEO & Director6.1yrsUS$369.32kno data
Alba Morganti
Chief Financial Officer2.3yrsno datano data
Manfred Riemer
Chief Operating Officer0yrsno datano data
Jens Kosch
Chief Technology Officer0yrsno datano data
Dirk Drescher
CEO of Dresden & France and Site Manager of Dresden0yrsno datano data
Lloyd Whetzel
CEO of Texas & Site Manager of Texas0yrsno datano data
Rico Tillner
Chief Executive Officer of X-FAB Dresden1.1yrsno datano data
Chun Lee
Chief Executive Officer of X-FAB Sarawak1.1yrsno datano data

1.7yrs

Average Tenure

58yo

Average Age

Experienced Management: XFAB's management team is not considered experienced ( 1.7 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Rudi De Winter
MD. CEO & Director6.1yrsUS$369.32kno data
Roland Duchâtelet
Non-Executive Director14.1yrsno datano data
Hamid Bin Bugo
Non-Executive Director14.1yrsUS$47.27kno data
Ahmad Bin Haij Sulaiman
Chairman of the Board0yrsUS$35.45kno data
Thomas Straub
Non-Executive Director14.1yrsUS$17.73kno data
Estelle Iacona
Non-Executive & Independent Director2.8yrsUS$30.44kno data
Christel Verschaeren
Non-Executive & Independent Director2.8yrsUS$29.55kno data
Christine Juliam
Non-Executive & Independent Director2.5yrsUS$29.55kno data
Ling Qi
Independent Director1.1yrsno datano data

6.0yrs

Average Tenure

58yo

Average Age

Experienced Board: XFAB's board of directors are considered experienced (6 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

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: €679.286m
  • 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, industrial, consumer, medical, consumer and mobile communications, and other applications; and analog-digital integrated circuits, sensors, and micro-electro-mechanical systems. It also provides manufacturing and design support services for customers that design analog/mixed-signal ICs and other semiconductor devices, as well as engineering and prototyping services, technical services, and design kits. In addition, the company provides foundry services for integrated device manufacturers, original equipment manufacturers, and fabless semiconductor companies. The company was founded in 1992 and is based in Tessenderlo, Belgium. X-FAB Silicon Foundries SE is a subsidiary of XTRION NV. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/20 22:56
End of Day Share Price2020/02/20 00:00
Earnings2019/12/31
Annual Earnings2019/12/31


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.