Infineon Technologies AG

LSE:0KED Stock Report

Market Cap: €37.8b

Infineon Technologies Valuation

Is 0KED undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of 0KED when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 0KED (€28.9) is trading below our estimate of fair value (€51.98)

Significantly Below Fair Value: 0KED is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 0KED?

Key metric: As 0KED is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 0KED. This is calculated by dividing 0KED's market cap by their current earnings.
What is 0KED's PE Ratio?
PE Ratio21.6x
Earnings€1.75b
Market Cap€37.76b

Price to Earnings Ratio vs Peers

How does 0KED's PE Ratio compare to its peers?

The above table shows the PE ratio for 0KED vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average32.3x
981 Semiconductor Manufacturing International
45.8x25.0%HK$360.6b
MCHP Microchip Technology
45.7x31.0%US$35.0b
NXPI NXP Semiconductors
21x9.7%US$56.0b
ON ON Semiconductor
16.6x14.9%US$28.7b
0KED Infineon Technologies
21.6x17.0%€37.8b

Price-To-Earnings vs Peers: 0KED is good value based on its Price-To-Earnings Ratio (21.6x) compared to the peer average (33.1x).

Price to Earnings Ratio vs Industry

How does 0KED's PE Ratio compare vs other companies in the European Semiconductor Industry?

2 CompaniesPrice / EarningsEstimated GrowthMarket Cap
0KED 21.6xIndustry Avg. 14.8xNo. of Companies7PE01632486480+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 0KED is expensive based on its Price-To-Earnings Ratio (21.6x) compared to the European Semiconductor industry average (14.8x).

Price to Earnings Ratio vs Fair Ratio

What is 0KED's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

0KED PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio21.6x
Fair PE Ratio32.4x

Price-To-Earnings vs Fair Ratio: 0KED is good value based on its Price-To-Earnings Ratio (21.6x) compared to the estimated Fair Price-To-Earnings Ratio (32.4x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst 0KED forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€28.90
€38.63
+33.6%
15.4%€61.80€30.00n/a22
Nov ’25€29.00
€40.12
+38.3%
15.6%€61.80€30.00n/a23
Oct ’25€30.58
€42.64
+39.5%
14.3%€61.80€32.00n/a23
Sep ’25€32.82
€43.08
+31.2%
13.7%€61.80€32.00n/a23
Aug ’25€31.46
€44.80
+42.4%
11.9%€61.80€38.00n/a23
Jul ’25€34.37
€45.62
+32.7%
12.0%€61.80€38.00n/a23
Jun ’25€36.74
€44.95
+22.3%
9.2%€52.40€38.00n/a22
May ’25€32.72
€43.63
+33.3%
12.0%€53.00€32.00n/a22
Apr ’25€31.52
€44.34
+40.7%
11.6%€53.00€35.00n/a23
Mar ’25€33.98
€44.34
+30.5%
11.3%€53.00€35.00n/a24
Feb ’25€33.39
€45.10
+35.1%
11.6%€57.20€35.00n/a23
Jan ’25€37.74
€45.11
+19.5%
10.5%€55.00€35.00n/a24
Dec ’24€35.98
€44.61
+24.0%
9.5%€52.60€35.00n/a24
Nov ’24€27.46
€44.73
+62.9%
11.6%€52.60€32.00€29.0024
Oct ’24€31.79
€47.00
+47.8%
11.7%€59.00€35.00€30.5824
Sep ’24€33.04
€47.30
+43.2%
11.9%€59.00€35.00€32.8224
Aug ’24€39.46
€47.48
+20.3%
10.9%€55.00€35.00€31.4623
Jul ’24€36.88
€47.01
+27.5%
13.5%€55.00€28.00€34.3724
Jun ’24€35.55
€46.48
+30.7%
13.8%€55.00€28.00€36.7426
May ’24€32.91
€45.78
+39.1%
13.8%€55.00€28.00€32.7226
Apr ’24€37.55
€45.05
+20.0%
14.4%€55.00€28.00€31.5226
Mar ’24€34.19
€43.60
+27.5%
13.3%€52.00€25.00€33.9825
Feb ’24€33.34
€41.59
+24.7%
14.4%€52.00€20.00€33.3925
Jan ’24€28.59
€41.31
+44.5%
15.0%€52.00€20.00€37.7423
Dec ’23€32.33
€41.51
+28.4%
14.6%€52.00€20.00€35.9822
Nov ’23€24.71
€37.15
+50.3%
21.0%€52.00€15.00€27.4622

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.

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