Upcoming Dividend • May 07
Upcoming dividend of €0.15 per share Eligible shareholders must have bought the stock before 14 May 2026. Payment date: 19 May 2026. Payout ratio is a comfortable 28% and this is well supported by cash flows. Trailing yield: 0.3%. Lower than top quartile of British dividend payers (5.7%). Lower than average of industry peers (0.6%). Reported Earnings • May 05
First quarter 2026 earnings released: €0.19 loss per share (vs €0.045 profit in 1Q 2025) First quarter 2026 results: €0.19 loss per share (down from €0.045 profit in 1Q 2025). Revenue: €59.4m (down 47% from 1Q 2025). Net loss: €21.9m (down €27.0m from profit in 1Q 2025). Revenue is forecast to grow 16% 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 fallen by 15% per year but the company’s share price has increased by 22% per year, which means it is well ahead of earnings. 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 €38.15, the stock trades at a forward P/E ratio of 61x. Average forward P/E is 25x in the Semiconductor industry in Europe. Total returns to shareholders of 36% over the past three years. Announcement • Apr 01
AIXTRON SE, Annual General Meeting, May 13, 2026 AIXTRON SE, Annual General Meeting, May 13, 2026, at 10:00 W. Europe Standard Time. Valuation Update With 7 Day Price Move • Mar 16
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €33.46, the stock trades at a forward P/E ratio of 54x. Average forward P/E is 27x in the Semiconductor industry in Europe. Total returns to shareholders of 23% over the past three years. Declared Dividend • Mar 02
Dividend of €0.15 announced Dividend of €0.15 is the same as last year. Ex-date: 14th May 2026 Payment date: 18th May 2026 Dividend yield will be 0.6%, which is lower than the industry average of 1.2%. Payout Ratios Payout ratio: 20%. Cash payout ratio: 9%. Reported Earnings • Feb 28
Third quarter 2025 earnings released: EPS: €0.11 (vs €0.27 in 3Q 2024) Third quarter 2025 results: EPS: €0.11 (down from €0.27 in 3Q 2024). Revenue: €119.6m (down 24% from 3Q 2024). Net income: €13.0m (down 58% from 3Q 2024). Profit margin: 11% (down from 20% in 3Q 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 7.8% p.a. on average during the next 4 years, compared to a 12% growth forecast for the Semiconductor industry in Europe. Over the last 3 years on average, earnings per share has fallen by 1% per year and the company’s share price has also fallen by 1% per year. Valuation Update With 7 Day Price Move • Feb 27
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to €27.84, the stock trades at a forward P/E ratio of 42x. Average forward P/E is 27x in the Semiconductor industry in Europe. Negligible returns to shareholders over past three years. Announcement • Feb 27
AIXTRON SE announces Annual dividend, payable on May 18, 2026 AIXTRON SE announced Annual dividend of EUR 0.1500 per share payable on May 18, 2026, ex-date on May 14, 2026 and record date on May 15, 2026. Valuation Update With 7 Day Price Move • Jan 05
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to €20.48, the stock trades at a forward P/E ratio of 31x. Average forward P/E is 24x in the Semiconductor industry in Europe. Total loss to shareholders of 26% over the past three years. Valuation Update With 7 Day Price Move • Nov 06
Investor sentiment improves as stock rises 31% After last week's 31% share price gain to €16.82, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 22x in the Semiconductor industry in Europe. Total loss to shareholders of 34% over the past three years. Reported Earnings • Nov 01
Third quarter 2025 earnings released: EPS: €0.11 (vs €0.27 in 3Q 2024) Third quarter 2025 results: EPS: €0.11 (down from €0.27 in 3Q 2024). Revenue: €119.6m (down 24% from 3Q 2024). Net income: €13.0m (down 58% from 3Q 2024). Profit margin: 11% (down from 20% in 3Q 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 6.4% p.a. on average during the next 3 years, compared to a 9.2% growth forecast for the Semiconductor industry in Europe. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has fallen by 19% per year, which means it is performing significantly worse than earnings. Buy Or Sell Opportunity • Oct 08
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 15% to €13.77. The fair value is estimated to be €17.45, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years, while earnings per share has been flat. Revenue is forecast to grow by 0.8% in 2 years. Earnings are forecast to decline by 3.7% in the next 2 years. Valuation Update With 7 Day Price Move • Sep 22
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to €14.47, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 20x in the Semiconductor industry in Europe. Total loss to shareholders of 40% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €17.80 per share. Buy Or Sell Opportunity • Aug 05
Now 23% undervalued Over the last 90 days, the stock has risen 5.9% to €13.43. The fair value is estimated to be €17.41, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 3.1%. Revenue is forecast to grow by 1.4% in 2 years. Earnings are forecast to decline by 1.6% in the next 2 years. Reported Earnings • Aug 01
Second quarter 2025 earnings released Second quarter 2025 results: Revenue: €137.4m (up 4.3% from 2Q 2024). Net income: €19.2m (up 73% from 2Q 2024). Profit margin: 14% (up from 8.4% in 2Q 2024). The increase in margin was primarily driven by higher revenue. Revenue is forecast to grow 6.1% p.a. on average during the next 3 years, compared to a 8.4% growth forecast for the Semiconductor industry in Europe. Upcoming Dividend • May 09
Upcoming dividend of €0.15 per share Eligible shareholders must have bought the stock before 16 May 2025. Payment date: 20 May 2025. Payout ratio is a comfortable 16% but the company is not cash flow positive. Trailing yield: 1.2%. Lower than top quartile of British dividend payers (5.9%). In line with average of industry peers (1.1%). Announcement • May 02
AIXTRON SE Provides Earnings Guidance for the Second Quarter of 2025 AIXTRON SE provided earnings guidance for the second quarter of 2025. For the quarter, the company expects revenues in a range of around EUR 120 million to EUR 140 million. Reported Earnings • May 02
First quarter 2025 earnings released: EPS: €0.04 (vs €0.096 in 1Q 2024) First quarter 2025 results: EPS: €0.04 (down from €0.096 in 1Q 2024). Revenue: €112.5m (down 4.9% from 1Q 2024). Net income: €5.08m (down 53% from 1Q 2024). Profit margin: 4.5% (down from 9.2% in 1Q 2024). Revenue is forecast to grow 5.7% 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 3% per year but the company’s share price has fallen by 19% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Apr 05
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to €9.10, the stock trades at a forward P/E ratio of 13x. Average trailing P/E is 13x in the Semiconductor industry in Europe. Total loss to shareholders of 52% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €18.07 per share. Announcement • Apr 04
AIXTRON SE, Annual General Meeting, May 15, 2025 AIXTRON SE, Annual General Meeting, May 15, 2025, at 10:00 W. Europe Standard Time. Declared Dividend • Mar 02
Dividend reduced to €0.15 Dividend of €0.15 is 63% lower than last year. Ex-date: 16th May 2025 Payment date: 20th May 2025 Dividend yield will be 1.3%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by earnings (39% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 38% per year over the past 4 years and payments have been stable during that time. EPS is expected to grow by 17% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Feb 28
Full year 2024 earnings released: EPS: €0.94 (vs €1.29 in FY 2023) Full year 2024 results: EPS: €0.94 (down from €1.29 in FY 2023). Revenue: €633.2m (flat on FY 2023). Net income: €106.3m (down 27% from FY 2023). Profit margin: 17% (down from 23% in FY 2023). Revenue is forecast to grow 4.6% 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 8% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings. Announcement • Feb 28
AIXTRON SE announces Annual dividend, payable on May 20, 2025 AIXTRON SE announced Annual dividend of EUR 0.1500 per share payable on May 20, 2025, ex-date on May 16, 2025 and record date on May 19, 2025. Announcement • Feb 27
Aixtron SE Announces Executive Changes AIXTRON SE announces the designation of Mr. Alexander Everke, a current member of the Supervisory Board, as the successor to the Supervisory Board Chairmanship. Thanks to the successful completion of the succession planning, the current Chairman of the Supervisory Board, Mr. Kim Schindelhauer, intends to resign from his position at the conclusion of the Annual General Meeting in 2025. New Risk • Feb 27
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 5.5% 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. Currently, the following risks have been identified for the company: Major Risks Earnings are forecast to decline by an average of 5.1% per year for the foreseeable future. High level of non-cash earnings (33% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (5.5% average weekly change). Buy Or Sell Opportunity • Feb 27
Now 224% overvalued Over the last 90 days, the stock has fallen 15% to €11.57. The fair value is estimated to be €3.58, 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 15%. For the next 3 years, revenue is forecast to grow by 4.0% per annum. Earnings are forecast to decline by 5.1% per annum over the same time period. Valuation Update With 7 Day Price Move • Feb 27
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to €11.57, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 13x in the Semiconductor industry in Europe. Total loss to shareholders of 37% over the past three years. New Risk • Jan 23
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 0.6% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Earnings are forecast to decline by an average of 0.6% per year for the foreseeable future. High level of non-cash earnings (33% accrual ratio). Minor Risk Paying a dividend despite having no free cash flows. Reported Earnings • Nov 01
Third quarter 2024 earnings released: EPS: €0.27 (vs €0.35 in 3Q 2023) Third quarter 2024 results: EPS: €0.27 (down from €0.35 in 3Q 2023). Revenue: €156.3m (down 5.3% from 3Q 2023). Net income: €30.9m (down 22% from 3Q 2023). Profit margin: 20% (down from 24% in 3Q 2023). Revenue is forecast to grow 7.1% p.a. on average during the next 3 years, compared to a 30% growth forecast for the Semiconductor industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Announcement • Oct 01
AIXTRON SE to Report Fiscal Year 2024 Results on Feb 27, 2025 AIXTRON SE announced that they will report fiscal year 2024 results on Feb 27, 2025 Buy Or Sell Opportunity • Aug 23
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 24% to €17.76. The fair value is estimated to be €22.80, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 21% over the last 3 years. Earnings per share has grown by 24%. Revenue is forecast to grow by 17% in 2 years. Earnings are forecast to grow by 28% in the next 2 years. Buy Or Sell Opportunity • Aug 01
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 1.8% to €21.45. The fair value is estimated to be €26.97, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 21% over the last 3 years. Earnings per share has grown by 24%. Revenue is forecast to grow by 18% in 2 years. Earnings are forecast to grow by 27% in the next 2 years. Reported Earnings • Jul 26
Second quarter 2024 earnings released: EPS: €0.10 (vs €0.36 in 2Q 2023) Second quarter 2024 results: EPS: €0.10 (down from €0.36 in 2Q 2023). Revenue: €131.8m (down 24% from 2Q 2023). Net income: €11.1m (down 73% from 2Q 2023). Profit margin: 8.4% (down from 23% in 2Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 8.9% 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 24% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Jul 06
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to €21.87, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 12x in the Semiconductor industry in the United Kingdom. Total returns to shareholders of 8.7% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €23.17 per share. Upcoming Dividend • May 10
Upcoming dividend of €0.40 per share Eligible shareholders must have bought the stock before 16 May 2024. Payment date: 21 May 2024. Payout ratio is a comfortable 30% but the company is not cash flow positive. Trailing yield: 1.8%. Lower than top quartile of British dividend payers (5.7%). Higher than average of industry peers (0.8%). Reported Earnings • Apr 26
First quarter 2024 earnings released: EPS: €0.10 (vs €0.031 in 1Q 2023) First quarter 2024 results: EPS: €0.10 (up from €0.031 in 1Q 2023). Revenue: €118.3m (up 53% from 1Q 2023). Net income: €10.8m (up 208% from 1Q 2023). Profit margin: 9.2% (up from 4.6% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 8.0% 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 32% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Buy Or Sell Opportunity • Apr 06
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 33% to €22.82. The fair value is estimated to be €28.67, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 25% over the last 3 years. Earnings per share has grown by 35%. For the next 3 years, revenue is forecast to grow by 9.8% per annum. Earnings are also forecast to grow by 13% per annum over the same time period. Reported Earnings • Mar 04
Full year 2023 earnings released: EPS: €1.29 (vs €0.89 in FY 2022) Full year 2023 results: EPS: €1.29 (up from €0.89 in FY 2022). Revenue: €629.9m (up 36% from FY 2022). Net income: €145.2m (up 45% from FY 2022). Profit margin: 23% (up from 22% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 9.6% 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 35% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth. Declared Dividend • Mar 02
Dividend increased to €0.40 Dividend of €0.40 is 29% higher than last year. Ex-date: 16th May 2024 Payment date: 20th May 2024 Dividend yield will be 1.5%, which is higher than the industry average of 1.2%. New Risk • Mar 01
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 7.6% 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 (59% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (7.6% average weekly change). Valuation Update With 7 Day Price Move • Mar 01
Investor sentiment deteriorates as stock falls 23% After last week's 23% share price decline to €27.26, the stock trades at a forward P/E ratio of 19x. Average trailing P/E is 23x in the Semiconductor industry in Europe. Total returns to shareholders of 69% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €33.91 per share. Buy Or Sell Opportunity • Jan 24
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 28% to €36.15. The fair value is estimated to be €30.06, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 27% over the last 3 years. Earnings per share has grown by 40%. For the next 3 years, revenue is forecast to grow by 11% per annum. Earnings are also forecast to grow by 14% per annum over the same time period. Valuation Update With 7 Day Price Move • Dec 12
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €38.93, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 17x in the Semiconductor industry in Europe. Total returns to shareholders of 210% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €34.31 per share. Buying Opportunity • Nov 07
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 22%. The fair value is estimated to be €34.70, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 27% over the last 3 years. Earnings per share has grown by 40%. For the next 3 years, revenue is forecast to grow by 9.7% per annum. Earnings is also forecast to grow by 11% per annum over the same time period. Reported Earnings • Oct 27
Third quarter 2023 earnings released: EPS: €0.35 (vs €0.17 in 3Q 2022) Third quarter 2023 results: EPS: €0.35 (up from €0.17 in 3Q 2022). Revenue: €165.0m (up 86% from 3Q 2022). Net income: €39.6m (up 108% from 3Q 2022). Profit margin: 24% (up from 22% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 10% 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 41% per year whereas the company’s share price has increased by 43% per year. Announcement • Oct 15
AIXTRON SE, Annual General Meeting, May 15, 2024 AIXTRON SE, Annual General Meeting, May 15, 2024. Reported Earnings • Jul 28
Second quarter 2023 earnings released: EPS: €0.36 (vs €0.16 in 2Q 2022) Second quarter 2023 results: EPS: €0.36 (up from €0.16 in 2Q 2022). Revenue: €173.4m (up 69% from 2Q 2022). Net income: €40.4m (up 133% from 2Q 2022). Profit margin: 23% (up from 17% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 11% 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 46% per year whereas the company’s share price has increased by 50% per year. Upcoming Dividend • May 12
Upcoming dividend of €0.31 per share at 1.2% yield Eligible shareholders must have bought the stock before 19 May 2023. Payment date: 23 May 2023. Payout ratio is a comfortable 39% but the company is not cash flow positive. Trailing yield: 1.2%. Lower than top quartile of British dividend payers (5.8%). Higher than average of industry peers (1.0%). Reported Earnings • Apr 29
First quarter 2023 earnings released: EPS: €0.03 (vs €0.12 in 1Q 2022) First quarter 2023 results: EPS: €0.03 (down from €0.12 in 1Q 2022). Revenue: €77.2m (down 13% from 1Q 2022). Net income: €3.52m (down 74% from 1Q 2022). Profit margin: 4.6% (down from 16% in 1Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 35% growth forecast for the Semiconductor industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 51% per year but the company’s share price has only increased by 43% per year, which means it is significantly lagging earnings growth. Reported Earnings • Mar 01
Full year 2022 earnings released: EPS: €0.89 (vs €0.85 in FY 2021) Full year 2022 results: EPS: €0.89 (up from €0.85 in FY 2021). Revenue: €463.2m (up 8.0% from FY 2021). Net income: €100.4m (up 5.0% from FY 2021). Profit margin: 22% (in line with FY 2021). Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 46% growth forecast for the Semiconductor industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 56% per year but the company’s share price has only increased by 45% per year, which means it is significantly lagging earnings growth. Reported Earnings • Oct 28
Third quarter 2022 earnings released: EPS: €0.17 (vs €0.28 in 3Q 2021) Third quarter 2022 results: EPS: €0.17 (down from €0.28 in 3Q 2021). Revenue: €88.9m (down 32% from 3Q 2021). Net income: €19.1m (down 39% from 3Q 2021). Profit margin: 22% (down from 24% in 3Q 2021). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 39% growth forecast for the Semiconductor industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 56% per year but the company’s share price has only increased by 46% per year, which means it is significantly lagging earnings growth. Reported Earnings • Jul 29
Second quarter 2022 earnings released: EPS: €0.16 (vs €0.073 in 2Q 2021) Second quarter 2022 results: EPS: €0.16 (up from €0.073 in 2Q 2021). Revenue: €102.5m (up 51% from 2Q 2021). Net income: €17.3m (up 110% from 2Q 2021). Profit margin: 17% (up from 12% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 4.0%, 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 50% per year but the company’s share price has only increased by 35% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jul 05
Investor sentiment deteriorated over the past week After last week's 15% share price decline to €21.21, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 20x in the Semiconductor industry in Europe. Total returns to shareholders of 170% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €26.66 per share. Buying Opportunity • Jul 04
Now 20% undervalued Over the last 90 days, the stock is up 2.8%. The fair value is estimated to be €28.20, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 18% over the last 3 years. Earnings per share has grown by 38%. For the next 3 years, revenue is forecast to grow by 12% per annum. Earnings is also forecast to grow by 18% per annum over the same time period. Valuation Update With 7 Day Price Move • Jun 16
Investor sentiment deteriorated over the past week After last week's 16% share price decline to €22.59, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 21x in the Semiconductor industry in Europe. Total returns to shareholders of 168% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €25.03 per share. Upcoming Dividend • May 20
Upcoming dividend of €0.30 per share Eligible shareholders must have bought the stock before 27 May 2022. Payment date: 31 May 2022. Payout ratio is a comfortable 32% and this is well supported by cash flows. Trailing yield: 1.2%. Lower than top quartile of British dividend payers (4.9%). In line with average of industry peers (1.1%). Reported Earnings • May 06
First quarter 2022 earnings released: EPS: €0.12 (vs €0.036 in 1Q 2021) First quarter 2022 results: EPS: €0.12 (up from €0.036 in 1Q 2021). Revenue: €88.6m (up 79% from 1Q 2021). Net income: €13.7m (up 237% from 1Q 2021). Profit margin: 16% (up from 8.2% in 1Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 6.2%, 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 38% per year whereas the company’s share price has increased by 33% per year. Valuation Update With 7 Day Price Move • Mar 18
Investor sentiment improved over the past week After last week's 17% share price gain to €20.43, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 23x in the Semiconductor industry in Europe. Total returns to shareholders of 145% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €22.01 per share. Buying Opportunity • Mar 07
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 3.3%. The fair value is estimated to be €21.46, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% per annum over the last 3 years. Earnings per share has grown by 22% per annum over the last 3 years. Reported Earnings • Feb 25
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: €0.85 (up from €0.31 in FY 2020). Revenue: €429.0m (up 59% from FY 2020). Net income: €95.7m (up 174% from FY 2020). Profit margin: 22% (up from 13% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 6.7%, compared to a 92% growth forecast for the industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has increased by 36% per year, which means it is tracking significantly ahead of earnings growth. Buying Opportunity • Feb 11
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 20%. The fair value is estimated to be €21.24, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.7% per annum over the last 3 years. Earnings per share has been flat over the last 3 years. Valuation Update With 7 Day Price Move • Nov 27
Investor sentiment deteriorated over the past week After last week's 17% share price decline to €17.95, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 30x in the Semiconductor industry in Europe. Total returns to shareholders of 87% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €18.84 per share. Reported Earnings • Nov 06
Third quarter 2021 earnings released: EPS €0.28 (vs €0.064 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: €130.8m (up 104% from 3Q 2020). Net income: €31.4m (up 332% from 3Q 2020). Profit margin: 24% (up from 11% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 27% per year, which means it is well ahead of earnings. Reported Earnings • Jul 30
Second quarter 2021 earnings released: EPS €0.074 (vs €0.03 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: €67.7m (up 21% from 2Q 2020). Net income: €8.26m (up 141% from 2Q 2020). Profit margin: 12% (up from 6.1% 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 15% per year but the company’s share price has increased by 19% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Jun 12
Investor sentiment improved over the past week After last week's 28% share price gain to €21.97, the stock trades at a forward P/E ratio of 40x. Average forward P/E is 32x in the Semiconductor industry in Europe. Total returns to shareholders of 68% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €15.23 per share. Upcoming Dividend • May 13
Upcoming dividend of €0.11 per share Eligible shareholders must have bought the stock before 20 May 2021. Payment date: 24 May 2021. Trailing yield: 0.7%. Lower than top quartile of British dividend payers (4.1%). In line with average of industry peers (0.6%). Reported Earnings • May 02
First quarter 2021 earnings released: EPS €0.04 (vs €0.006 loss in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: €49.5m (up 21% from 1Q 2020). Net income: €4.08m (up €4.78m from 1Q 2020). Profit margin: 8.2% (up from net loss in 1Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings. Executive Departure • Apr 02
President & Member of the Executive Board Bernd Schulte has left the company On the 31st of March, Bernd Schulte's tenure as President & Member of the Executive Board ended after 19.0 years in the role. We don't have any record of a personal shareholding under Bernd's name. Bernd is the only executive to leave the company over the last 12 months. Analyst Estimate Surprise Post Earnings • Feb 26
Revenue beats expectations Revenue exceeded analyst estimates by 0.6%. Over the next year, revenue is forecast to grow 24%, compared to a 16% growth forecast for the Semiconductor industry in the United Kingdom. Reported Earnings • Feb 26
Full year 2020 earnings released: EPS €0.31 (vs €0.29 in FY 2019) The company reported a solid full year result with improved earnings and revenues, although profit margins were flat. Full year 2020 results: Revenue: €269.2m (up 3.7% from FY 2019). Net income: €34.9m (up 6.2% from FY 2019). Profit margin: 13% (in line with FY 2019). Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. Is New 90 Day High Low • Feb 20
New 90-day high: €17.90 The company is up 66% from its price of €10.79 on 20 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 36% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €11.89 per share. Is New 90 Day High Low • Feb 03
New 90-day high: €16.40 The company is up 63% from its price of €10.08 on 05 November 2020. The British market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Semiconductor industry, which is up 46% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €6.13 per share. Is New 90 Day High Low • Jan 05
New 90-day high: €14.86 The company is up 38% from its price of €10.78 on 07 October 2020. The British market is up 11% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Semiconductor industry, which is up 30% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €13.02 per share. Is New 90 Day High Low • Dec 18
New 90-day high: €13.72 The company is up 37% from its price of €9.99 on 18 September 2020. The British market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Semiconductor industry, which is up 24% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €11.39 per share. Is New 90 Day High Low • Nov 27
New 90-day high: €12.22 The company is up 25% from its price of €9.78 on 28 August 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 down 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €10.68 per share. Reported Earnings • Oct 30
Third quarter earnings released Over the last 12 months the company has reported total profits of €22.4m, down 42% from the prior year. Total revenue was €236.2m over the last 12 months, down 13% from the prior year. Analyst Estimate Surprise Post Earnings • Oct 30
Third-quarter earnings released: Revenue misses expectations Third-quarter revenue missed analyst estimates by 9.1% at €64.1m. Revenue is forecast to grow 24% over the next year, compared to a 12% growth forecast for the Semiconductor industry in the United Kingdom.