Buy Or Sell Opportunity • Jun 19
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 30% to €181. The fair value is estimated to be €148, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 4.5% over the last 3 years. Earnings per share has grown by 11%. Revenue is forecast to grow by 26% in 2 years. Earnings are forecast to grow by 37% in the next 2 years. Upcoming Dividend • May 21
Upcoming dividend of €1.50 per share Eligible shareholders must have bought the stock before 28 May 2026. Payment date: 01 June 2026. Payout ratio is a comfortable 24% and this is well supported by cash flows. Trailing yield: 0.8%. Lower than top quartile of British dividend payers (5.7%). Higher than average of industry peers (0.6%). Buy Or Sell Opportunity • May 20
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 42% to €182. The fair value is estimated to be €150, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 4.5% over the last 3 years. Earnings per share has grown by 11%. Revenue is forecast to grow by 26% in 2 years. Earnings are forecast to grow by 37% in the next 2 years. Reported Earnings • May 06
First quarter 2026 earnings released: EPS: €1.52 (vs €1.08 in 1Q 2025) First quarter 2026 results: EPS: €1.52 (up from €1.08 in 1Q 2025). Revenue: €152.5m (up 20% from 1Q 2025). Net income: €26.2m (up 41% from 1Q 2025). Profit margin: 17% (up from 15% in 1Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Semiconductor industry in Europe. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has increased by 40% per year, which means it is tracking significantly ahead of earnings growth. Buy Or Sell Opportunity • Apr 30
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 58% to €181. The fair value is estimated to be €149, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 6.2% over the last 3 years. Earnings per share has grown by 15%. For the next 3 years, revenue is forecast to grow by 10% per annum. Earnings are also forecast to grow by 13% per annum over the same time period. Announcement • Apr 14
Elmos Semiconductor SE, Annual General Meeting, May 27, 2026 Elmos Semiconductor SE, Annual General Meeting, May 27, 2026. New Risk • Apr 13
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of British stocks, typically moving 8.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Valuation Update With 7 Day Price Move • Apr 10
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €173, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 25x in the Semiconductor industry in Europe. Total returns to shareholders of 109% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €146 per share. Valuation Update With 7 Day Price Move • Mar 26
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to €149, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 28x in the Semiconductor industry in Europe. Total returns to shareholders of 76% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €146 per share. Reported Earnings • Mar 21
Full year 2025 earnings released: EPS: €5.88 (vs €7.51 in FY 2024) Full year 2025 results: EPS: €5.88 (down from €7.51 in FY 2024). Revenue: €582.6m (flat on FY 2024). Net income: €101.1m (down 21% from FY 2024). Profit margin: 17% (down from 22% in FY 2024). Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Semiconductor industry in Europe. Over the last 3 years on average, earnings per share has increased by 15% per year whereas the company’s share price has increased by 17% per year. Valuation Update With 7 Day Price Move • Feb 27
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €147, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 27x in the Semiconductor industry in Europe. Total returns to shareholders of 95% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €80.64 per share. Declared Dividend • Feb 08
Dividend increased to €1.50 Dividend of €1.50 is 50% higher than last year. Ex-date: 28th May 2026 Payment date: 1st June 2026 Dividend yield will be 1.3%, which is about the same as the industry average. Payout Ratios Payout ratio: 14%. Cash payout ratio: 318%. Buy Or Sell Opportunity • Feb 07
Now 23% overvalued after recent price rise Over the last 90 days, the stock has risen 30% to €117. The fair value is estimated to be €95.22, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 9.1% over the last 3 years. Earnings per share has grown by 21%. Revenue is forecast to grow by 23% in 2 years. Earnings are forecast to grow by 0.3% in the next 2 years. Announcement • Feb 06
Elmos Semiconductor SE announces Annual dividend, payable on June 01, 2026 Elmos Semiconductor SE announced Annual dividend of EUR 1.5000 per share payable on June 01, 2026, ex-date on May 28, 2026 and record date on May 29, 2026. Buy Or Sell Opportunity • Nov 25
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 9.5% to €92.00. The fair value is estimated to be €75.83, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 9.1% over the last 3 years. Earnings per share has grown by 21%. Revenue is forecast to grow by 21% in 2 years. Earnings are forecast to decline by 1.1% in the next 2 years. Buy Or Sell Opportunity • Nov 10
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 2.0% to €91.45. The fair value is estimated to be €75.89, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 9.1% over the last 3 years. Earnings per share has grown by 21%. Revenue is forecast to grow by 20% in 2 years. Earnings are forecast to decline by 2.0% in the next 2 years. Reported Earnings • Nov 05
Third quarter 2025 earnings released: EPS: €1.37 (vs €1.49 in 3Q 2024) Third quarter 2025 results: EPS: €1.37 (down from €1.49 in 3Q 2024). Revenue: €140.8m (down 10% from 3Q 2024). Net income: €23.6m (down 7.6% from 3Q 2024). Profit margin: 17% (in line with 3Q 2024). Revenue is forecast to grow 9.1% p.a. on average during the next 3 years, compared to a 9.3% growth forecast for the Semiconductor industry in Europe. Over the last 3 years on average, earnings per share has increased by 21% per year whereas the company’s share price has increased by 24% per year. Announcement • Oct 17
Elmos Semiconductor SE (XTRA:ELG) acquired remaining minority stake in DMOS Dresden MOS Design GmbH. Elmos Semiconductor SE (XTRA:ELG) acquired remaining minority stake in DMOS Dresden MOS Design GmbH on October 16, 2025. Following the closing of the transaction, Elmos Semiconductor SE now holds 100 percent of the shares.
Elmos Semiconductor SE (XTRA:ELG) completed the acquisition of remaining minority stake in DMOS Dresden MOS Design GmbH on October 16, 2025. Reported Earnings • Aug 06
Second quarter 2025 earnings released: EPS: €1.61 (vs €1.42 in 2Q 2024) Second quarter 2025 results: EPS: €1.61 (up from €1.42 in 2Q 2024). Revenue: €145.7m (up 2.6% from 2Q 2024). Net income: €27.6m (up 14% from 2Q 2024). Profit margin: 19% (up from 17% in 2Q 2024). Revenue is forecast to grow 8.4% p.a. on average during the next 3 years, compared to a 8.4% growth forecast for the Semiconductor industry in Europe. Over the last 3 years on average, earnings per share has increased by 25% per year whereas the company’s share price has increased by 24% per year. Buy Or Sell Opportunity • Jul 17
Now 23% overvalued after recent price rise Over the last 90 days, the stock has risen 81% to €97.30. The fair value is estimated to be €78.95, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years. Earnings per share has grown by 29%. Revenue is forecast to grow by 11% in 2 years. Earnings are forecast to decline by 8.4% in the next 2 years. Valuation Update With 7 Day Price Move • Jun 27
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to €88.30, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 20x in the Semiconductor industry in Europe. Total returns to shareholders of 151% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €77.04 per share. Valuation Update With 7 Day Price Move • Jun 09
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to €77.00, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 15x in the Semiconductor industry in Europe. Total returns to shareholders of 73% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €75.79 per share. Valuation Update With 7 Day Price Move • May 13
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to €71.82, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 15x in the Semiconductor industry in Europe. Total returns to shareholders of 56% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €76.87 per share. Upcoming Dividend • May 09
Upcoming dividend of €1.00 per share Eligible shareholders must have bought the stock before 16 May 2025. Payment date: 20 May 2025. Payout ratio is a comfortable 13% and the cash payout ratio is 87%. Trailing yield: 1.5%. Lower than top quartile of British dividend payers (5.9%). Higher than average of industry peers (1.1%). Reported Earnings • May 07
First quarter 2025 earnings released: EPS: €1.08 (vs €1.44 in 1Q 2024) First quarter 2025 results: EPS: €1.08 (down from €1.44 in 1Q 2024). Revenue: €126.9m (down 7.3% from 1Q 2024). Net income: €18.5m (down 25% from 1Q 2024). Profit margin: 15% (down from 18% in 1Q 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 7.1% p.a. on average during the next 3 years, compared to a 22% growth forecast for the Semiconductor industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Buy Or Sell Opportunity • May 06
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 13% to €59.75. The fair value is estimated to be €76.09, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 20% over the last 3 years. Earnings per share has grown by 33%. For the next 3 years, revenue is forecast to grow by 6.2% per annum. Earnings are forecast to decline by 1.7% per annum over the same time period. Valuation Update With 7 Day Price Move • Apr 05
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to €51.79, the stock trades at a forward P/E ratio of 9x. Average trailing P/E is 13x in the Semiconductor industry in Europe. Total returns to shareholders of 20% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €75.22 per share. Announcement • Apr 01
Elmos Semiconductor SE, Annual General Meeting, May 15, 2025 Elmos Semiconductor SE, Annual General Meeting, May 15, 2025, at 10:00 W. Europe Standard Time. Declared Dividend • Mar 23
Dividend increased to €1.00 Dividend of €1.00 is 18% higher than last year. Ex-date: 16th May 2025 Payment date: 20th May 2025 Dividend yield will be 1.5%, which is higher than the industry average of 1.2%. Reported Earnings • Mar 21
Full year 2024 earnings released: EPS: €7.51 (vs €5.79 in FY 2023) Full year 2024 results: EPS: €7.51 (up from €5.79 in FY 2023). Revenue: €581.1m (up 1.1% from FY 2023). Net income: €128.7m (up 30% from FY 2023). Profit margin: 22% (up from 17% in FY 2023). The increase in margin was primarily driven by lower expenses. Revenue is forecast to grow 6.7% p.a. on average during the next 3 years, compared to a 25% growth forecast for the Semiconductor industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Announcement • Mar 21
Elmos Semiconductor SE announces Annual dividend, payable on May 20, 2025 Elmos Semiconductor SE announced Annual dividend of EUR 1.0000 per share payable on May 20, 2025, ex-date on May 16, 2025 and record date on May 19, 2025. Buy Or Sell Opportunity • Mar 19
Now 21% undervalued Over the last 90 days, the stock has risen 2.5% to €69.20. The fair value is estimated to be €88.02, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 23% over the last 3 years. Earnings per share has grown by 35%. Revenue is forecast to grow by 4.9% in 2 years. Earnings are forecast to grow by 4.8% in the next 2 years. Buy Or Sell Opportunity • Feb 27
Now 21% undervalued Over the last 90 days, the stock has risen 11% to €68.50. The fair value is estimated to be €86.92, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 23% over the last 3 years. Earnings per share has grown by 35%. Revenue is forecast to grow by 4.9% in 2 years. Earnings are forecast to grow by 4.8% in the next 2 years. Buy Or Sell Opportunity • Jan 25
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 26% to €76.10. The fair value is estimated to be €63.26, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 23% over the last 3 years. Earnings per share has grown by 35%. Revenue is forecast to grow by 5.9% in 2 years. Earnings are forecast to grow by 4.9% in the next 2 years. Valuation Update With 7 Day Price Move • Jan 07
Investor sentiment improves as stock rises 14% After last week's 14% share price gain to €77.70, the stock trades at a forward P/E ratio of 13x. Average trailing P/E is 17x in the Semiconductor industry in Europe. Total returns to shareholders of 45% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €63.48 per share. Buy Or Sell Opportunity • Jan 07
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 19% to €77.70. The fair value is estimated to be €63.48, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 23% over the last 3 years. Earnings per share has grown by 35%. Revenue is forecast to grow by 6.3% in 2 years. Earnings are forecast to grow by 5.4% in the next 2 years. New Risk • Jan 06
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of British stocks, typically moving 7.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Announcement • Dec 30
Littelfuse, Inc. completed the acquisition of Elmos wafer fabrication from Elmos Semiconductor SE. Littelfuse, Inc. entered into an agreement to acquire Elmos wafer fabrication from Elmos Semiconductor SE for €93 million on June 28, 2023. Under the agreement, Littelfuse will acquire the Dortmund wafer fab with a highly skilled technology team of approximately 225 employees. All other activities, including testing operations, will remain with Elmos. Following regulatory approvals of the transaction, the consideration will be paid initially €37 million and the remaining will be paid after closing. The transaction is subject to certain closing conditions and regulatory approvals, among them the investment control procedure under foreign trade law conducted by the German Federal Ministry for Economic Affairs and Climate Action. The closing of the transaction is expected to be effective December 31, 2024. As of August 8, 2023, The German Federal Ministry for Economic Affairs and Climate Action has granted the approval. The antitrust clearance has granted by the German Federal Cartel Office (Bundeskartellamt) on July 27, 2023.
Hans Diekmann, Alexander Veith, Borries Ahrens, Christian Hilmes, Jens Matthes, Udo Olgemoeller, Heike Weber, Peter Wehner, Dorothée Kupiek, Daniel Bolm, Ioannis Thanos, Corvin Kieselhorst and Oliver Ahnseel of Allen & Overy advised Elmos Semiconductor on legal aspects of the transaction. Maike Holty, Matthias Berberich, Hendrik Bockenheimer, Markus Ernst, Marius Marx, Marco Mâallem, Alf-Henrik Bischke, Jan D. Bonhage, Erasmus Hoffman, Fabian Alexander Quast and Carolin Raspé of Hengeler Mueller acted as legal advisor of Littelfuse.
Littelfuse, Inc. completed the acquisition of Elmos wafer fabrication from Elmos Semiconductor SE on December 30, 2024. Reported Earnings • Nov 07
Third quarter 2024 earnings released: EPS: €1.49 (vs €1.63 in 3Q 2023) Third quarter 2024 results: EPS: €1.49 (down from €1.63 in 3Q 2023). Revenue: €156.6m (up 3.4% from 3Q 2023). Net income: €25.5m (down 8.7% from 3Q 2023). Profit margin: 16% (down from 18% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.6% p.a. on average during the next 3 years, compared to a 31% growth forecast for the Semiconductor industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. New Risk • Nov 06
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of British stocks, typically moving 6.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (23% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (6.7% average weekly change). Valuation Update With 7 Day Price Move • Nov 06
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to €64.10, the stock trades at a forward P/E ratio of 11x. Average trailing P/E is 16x in the Semiconductor industry in Europe. Total returns to shareholders of 48% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €97.09 per share. Buy Or Sell Opportunity • Aug 02
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 2.2% to €74.31. The fair value is estimated to be €93.73, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 26% over the last 3 years. Earnings per share has grown by 44%. Revenue is forecast to grow by 14% in 2 years. Earnings are forecast to grow by 5.6% in the next 2 years. Reported Earnings • Aug 02
Second quarter 2024 earnings released: EPS: €1.42 (vs €1.34 in 2Q 2023) Second quarter 2024 results: EPS: €1.42 (up from €1.34 in 2Q 2023). Revenue: €142.0m (up 4.4% from 2Q 2023). Net income: €24.3m (up 5.9% from 2Q 2023). Profit margin: 17% (in line with 2Q 2023). Revenue is forecast to grow 7.3% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Semiconductor industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has only increased by 31% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • May 10
Upcoming dividend of €0.85 per share Eligible shareholders must have bought the stock before 16 May 2024. Payment date: 21 May 2024. Payout ratio is a comfortable 14% but the company is not cash flow positive. Trailing yield: 1.1%. Lower than top quartile of British dividend payers (5.7%). Higher than average of industry peers (0.8%). Reported Earnings • May 08
First quarter 2024 earnings released: EPS: €1.44 (vs €1.20 in 1Q 2023) First quarter 2024 results: EPS: €1.44 (up from €1.20 in 1Q 2023). Revenue: €136.8m (up 4.5% from 1Q 2023). Net income: €24.6m (up 20% from 1Q 2023). Profit margin: 18% (up from 16% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 7.2% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Semiconductor industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 53% per year but the company’s share price has only increased by 30% per year, which means it is significantly lagging earnings growth. Declared Dividend • Mar 16
Dividend increased to €0.85 Dividend of €0.85 is 13% higher than last year. Ex-date: 16th May 2024 Payment date: 20th May 2024 Dividend yield will be 1.2%, which is about the same as the industry average. Reported Earnings • Mar 15
Full year 2023 earnings released: EPS: €5.79 (vs €4.17 in FY 2022) Full year 2023 results: EPS: €5.79 (up from €4.17 in FY 2022). Revenue: €575.0m (up 29% from FY 2022). Net income: €99.1m (up 39% from FY 2022). Profit margin: 17% (up from 16% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 7.2% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Semiconductor industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 61% per year but the company’s share price has only increased by 31% per year, which means it is significantly lagging earnings growth. Reported Earnings • Nov 09
Third quarter 2023 earnings released: EPS: €1.63 (vs €1.16 in 3Q 2022) Third quarter 2023 results: EPS: €1.63 (up from €1.16 in 3Q 2022). Revenue: €151.5m (up 27% from 3Q 2022). Net income: €28.0m (up 41% from 3Q 2022). Profit margin: 18% (up from 17% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 8.5% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Semiconductor industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 71% per year but the company’s share price has only increased by 46% per year, which means it is significantly lagging earnings growth. Announcement • Nov 08
Elmos Semiconductor SE, Annual General Meeting, May 15, 2024 Elmos Semiconductor SE, Annual General Meeting, May 15, 2024. Reported Earnings • Jul 28
Second quarter 2023 earnings released: EPS: €1.34 (vs €0.93 in 2Q 2022) Second quarter 2023 results: EPS: €1.34 (up from €0.93 in 2Q 2022). Revenue: €136.0m (up 29% from 2Q 2022). Net income: €23.0m (up 44% from 2Q 2022). Profit margin: 17% (up from 15% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 9.1% p.a. on average during the next 3 years, compared to a 26% growth forecast for the Semiconductor industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 74% per year but the company’s share price has only increased by 55% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jul 04
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to €78.35, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 20x in the Semiconductor industry in Europe. Total returns to shareholders of 223% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €85.01 per share. Announcement • Jun 29
Littelfuse, Inc. entered into an agreement to acquire Elmos wafer fabrication from Elmos Semiconductor SE for €93 million. Littelfuse, Inc. entered into an agreement to acquire Elmos wafer fabrication from Elmos Semiconductor SE for €93 million on June 28, 2023. Under the agreement, Littelfuse will acquire the Dortmund wafer fab with a highly skilled technology team of approximately 225 employees. All other activities, including testing operations, will remain with Elmos. Following regulatory approvals of the transaction, the consideration will be paid initially €37 million and the remaining will be paid after closing. The transaction is subject to certain closing conditions and regulatory approvals, among them the investment control procedure under foreign trade law conducted by the German Federal Ministry for Economic Affairs and Climate Action. The closing of the transaction is expected to be effective December 31, 2024. Announcement • May 11
Elmos Semiconductor SE Approves Dividend for the Fiscal Year 2022 Payable on May 15, 2023 Elmos Semiconductor SE held its Annual General Meeting on May 10, 2023. The Annual General Meeting approved a dividend of 0.75 Euro per share for fiscal year 2022, around 15% higher than the previous year. The dividend will be paid on May 15, 2023. Reported Earnings • May 08
First quarter 2023 earnings released: EPS: €1.20 (vs €0.79 in 1Q 2022) First quarter 2023 results: EPS: €1.20 (up from €0.79 in 1Q 2022). Revenue: €130.9m (up 36% from 1Q 2022). Net income: €20.5m (up 52% from 1Q 2022). Profit margin: 16% (up from 14% in 1Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 8.7% p.a. on average during the next 3 years, compared to a 24% growth forecast for the Semiconductor industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 74% per year but the company’s share price has only increased by 54% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • May 04
Upcoming dividend of €0.75 per share at 1.0% yield Eligible shareholders must have bought the stock before 11 May 2023. Payment date: 15 May 2023. Payout ratio is a comfortable 18% and the cash payout ratio is 75%. Trailing yield: 1.0%. Lower than top quartile of British dividend payers (5.8%). In line with average of industry peers (1.1%). Buying Opportunity • Apr 28
Now 20% undervalued Over the last 90 days, the stock is up 8.3%. The fair value is estimated to be €85.72, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 19% over the last 3 years. Earnings per share has grown by 71%. For the next 3 years, revenue is forecast to grow by 9.8% per annum. Earnings is also forecast to grow by 12% per annum over the same time period. Valuation Update With 7 Day Price Move • Apr 25
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to €73.50, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 19x in the Semiconductor industry in Europe. Total returns to shareholders of 348% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €86.31 per share. Valuation Update With 7 Day Price Move • Feb 17
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to €78.95, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 24x in the Semiconductor industry in Europe. Total returns to shareholders of 247% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €104 per share. Announcement • Feb 15
Elmos Semiconductor SE to Report Fiscal Year 2022 Results on Feb 16, 2023 Elmos Semiconductor SE announced that they will report fiscal year 2022 results on Feb 16, 2023 Valuation Update With 7 Day Price Move • Jan 10
Investor sentiment improved over the past week After last week's 16% share price gain to €61.60, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 23x in the Semiconductor industry in Europe. Total returns to shareholders of 123% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €73.73 per share. Buying Opportunity • Dec 07
Now 23% undervalued Over the last 90 days, the stock is up 40%. The fair value is estimated to be €75.83, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Earnings per share has grown by 59%. For the next 3 years, revenue is forecast to grow by 9.2% per annum. Earnings is also forecast to grow by 5.7% per annum over the same time period. Reported Earnings • Nov 05
Third quarter 2022 earnings released: EPS: €1.16 (vs €0.50 in 3Q 2021) Third quarter 2022 results: EPS: €1.16 (up from €0.50 in 3Q 2021). Revenue: €119.6m (up 48% from 3Q 2021). Net income: €19.9m (up 125% from 3Q 2021). Profit margin: 17% (up from 11% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 8.3% p.a. on average during the next 3 years, compared to a 38% growth forecast for the Semiconductor industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 59% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Oct 06
Investor sentiment improved over the past week After last week's 15% share price gain to €43.78, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 18x in the Semiconductor industry in Europe. Total returns to shareholders of 91% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €76.78 per share. Reported Earnings • Aug 03
Second quarter 2022 earnings released: EPS: €0.93 (vs €0.47 in 2Q 2021) Second quarter 2022 results: EPS: €0.93 (up from €0.47 in 2Q 2021). Revenue: €105.8m (up 34% from 2Q 2021). Net income: €16.0m (up 88% from 2Q 2021). Profit margin: 15% (up from 11% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 22%, compared to a 43% growth forecast for the industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has only increased by 26% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jul 29
Investor sentiment improved over the past week After last week's 16% share price gain to €47.53, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 22x in the Semiconductor industry in Europe. Total returns to shareholders of 115% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €73.23 per share. Buying Opportunity • Jun 10
Now 21% undervalued The stock has been flat over the last 90 days. The fair value is estimated to be €60.98, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.1% over the last 3 years. Earnings per share has grown by 21%. For the next 3 years, revenue is forecast to grow by 8.8% per annum. Earnings is also forecast to grow by 6.8% per annum over the same time period. Buying Opportunity • May 24
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 20%. The fair value is estimated to be €58.43, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.1% over the last 3 years. Earnings per share has grown by 21%. For the next 3 years, revenue is forecast to grow by 8.8% per annum. Earnings is also forecast to grow by 6.8% per annum over the same time period. Buying Opportunity • May 06
Now 19% undervalued after recent price drop Over the last 90 days, the stock is down 13%. The fair value is estimated to be €57.68, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.1% over the last 3 years. Earnings per share has grown by 21%. For the next 3 years, revenue is forecast to grow by 8.0% per annum. Earnings is also forecast to grow by 3.2% per annum over the same time period. Reported Earnings • May 06
First quarter 2022 earnings released: EPS: €0.79 (vs €0.46 in 1Q 2021) First quarter 2022 results: EPS: €0.79 (up from €0.46 in 1Q 2021). Revenue: €96.4m (up 25% from 1Q 2021). Net income: €13.5m (up 64% from 1Q 2021). Profit margin: 14% (up from 11% in 1Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 19%, compared to a 58% growth forecast for the industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 21% per year whereas the company’s share price has increased by 23% per year. Upcoming Dividend • May 05
Upcoming dividend of €0.65 per share Eligible shareholders must have bought the stock before 12 May 2022. Payment date: 16 May 2022. Payout ratio is a comfortable 29% and the cash payout ratio is 86%. Trailing yield: 1.3%. Lower than top quartile of British dividend payers (4.6%). Higher than average of industry peers (1.1%). Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment deteriorated over the past week After last week's 15% share price decline to €44.95, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 26x in the Semiconductor industry in Europe. Total returns to shareholders of 131% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €46.79 per share. Valuation Update With 7 Day Price Move • Dec 15
Investor sentiment improved over the past week After last week's 25% share price gain to €56.40, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 30x in the Semiconductor industry in Europe. Total returns to shareholders of 221% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €49.35 per share. Reported Earnings • Nov 06
Third quarter 2021 earnings released: EPS €0.50 (vs €0.34 loss in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: €80.8m (up 98% from 3Q 2020). Net income: €8.86m (up €15.0m from 3Q 2020). Profit margin: 11% (up from net loss in 3Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has increased by 30% per year, which means it is well ahead of earnings. Reported Earnings • Aug 06
Second quarter 2021 earnings released: EPS €0.47 (vs €0.12 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: €78.9m (up 34% from 2Q 2020). Net income: €8.49m (up 276% from 2Q 2020). Profit margin: 11% (up from 3.8% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 44% per year but the company’s share price has increased by 14% per year, which means it is well ahead of earnings. Reported Earnings • Mar 19
Full year 2020 earnings released: EPS €0.35 (vs €0.94 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: €232.6m (down 15% from FY 2019). Net income: €6.42m (down 65% from FY 2019). Profit margin: 2.8% (down from 6.8% in FY 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 37% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings. Is New 90 Day High Low • Feb 08
New 90-day high: €34.80 The company is up 56% from its price of €22.34 on 10 November 2020. The British market is up 6.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Semiconductor industry, which is up 38% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €22.26 per share. Is New 90 Day High Low • Jan 22
New 90-day high: €32.90 The company is up 67% from its price of €19.64 on 23 October 2020. The British market is up 15% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Semiconductor industry, which is up 57% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €21.73 per share. Is New 90 Day High Low • Jan 06
New 90-day high: €28.35 The company is up 22% from its price of €23.25 on 08 October 2020. The British market is up 11% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Semiconductor industry, which is up 31% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €23.44 per share. Is New 90 Day High Low • Nov 12
New 90-day high: €24.00 The company is up 12% from its price of €21.40 on 14 August 2020. The British market is up 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Semiconductor industry, which is down 12% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €16.25 per share. Analyst Estimate Surprise Post Earnings • Nov 05
Revenue beats expectations Revenue exceeded analyst estimates by 5.0%. Over the next year, revenue is forecast to grow 7.2%, compared to a 12% growth forecast for the Semiconductor industry in the United Kingdom. Is New 90 Day High Low • Oct 22
New 90-day low: €19.82 The company is down 11% from its price of €22.35 on 24 July 2020. The British market is down 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Semiconductor industry, which is down 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €18.47 per share. Is New 90 Day High Low • Sep 26
New 90-day low: €20.08 The company is down 5.0% from its price of €21.20 on 26 June 2020. The British market is down 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Semiconductor industry, which is down 2.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €18.45 per share. 