Buy Or Sell Opportunity • Jul 17
Now 20% overvalued Over the last 90 days, the stock has fallen 2.9% to €4.93. The fair value is estimated to be €4.09, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 31%. Revenue is forecast to grow by 29% in 2 years. Earnings are forecast to grow by 305% in the next 2 years. Valuation Update With 7 Day Price Move • Jun 24
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to €4.76, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 41x in the Semiconductor industry in Europe. Total returns to shareholders of 26% over the past three years. New Risk • Jun 19
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of British stocks, typically moving 11% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (11% average weekly change). Minor Risks Profit margins are more than 30% lower than last year (7.5% net profit margin). Market cap is less than US$100m (€44.1m market cap, or US$50.5m). Valuation Update With 7 Day Price Move • May 26
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €5.85, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 41x in the Semiconductor industry in Europe. Total returns to shareholders of 91% over the past three years. Valuation Update With 7 Day Price Move • May 04
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to €4.75, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 36x in the Semiconductor industry in Europe. Total returns to shareholders of 55% over the past three years. Announcement • May 01
MEMSCAP, S.A., Annual General Meeting, Jun 17, 2026 MEMSCAP, S.A., Annual General Meeting, Jun 17, 2026. Location: parc activillage des fontaines, bernin France Valuation Update With 7 Day Price Move • Apr 17
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to €5.08, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 28x in the Semiconductor industry in Europe. Total returns to shareholders of 78% over the past three years. Reported Earnings • Mar 27
Full year 2025 earnings released Full year 2025 results: Revenue: €12.0m (down 5.3% from FY 2024). Net income: €894.0k (down 35% from FY 2024). Profit margin: 7.5% (down from 11% in FY 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Semiconductor industry in Europe. Announcement • Mar 26
MEMSCAP, S.A. Proposes Dividend The Board of Directors of MEMSCAP, S.A. will propose at the next General Meeting the payment of a dividend of €501,000, i.e. €0.066 per share. Valuation Update With 7 Day Price Move • Feb 13
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to €5.00, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 26x in the Semiconductor industry in Europe. Total returns to shareholders of 43% over the past year. Reported Earnings • Jan 28
Full year 2025 earnings released Full year 2025 results: Revenue: €12.0m (down 5.3% from FY 2024). Net income: €894.0k (down 35% from FY 2024). Profit margin: 7.5% (down from 11% in FY 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Semiconductor industry in Europe. Buy Or Sell Opportunity • Dec 25
Now 21% undervalued Over the last 90 days, the stock has risen 8.6% to €4.30. The fair value is estimated to be €5.44, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue is forecast to grow by 28% in 2 years. Earnings are forecast to grow by 182% in the next 2 years. Buy Or Sell Opportunity • Nov 18
Now 23% undervalued after recent price drop Over the last 90 days, the stock has fallen 7.4% to €3.74. The fair value is estimated to be €4.87, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue is forecast to grow by 39% in 2 years. Earnings are forecast to grow by 213% in the next 2 years. Reported Earnings • Oct 28
Third quarter 2025 earnings released Third quarter 2025 results: Revenue: €2.62m (flat on 3Q 2024). Net income: €176.0k (down 1.1% from 3Q 2024). Profit margin: 6.7% (down from 6.8% in 3Q 2024). Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 9.0% growth forecast for the Semiconductor industry in Europe. Buy Or Sell Opportunity • Oct 27
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 1.3% to €4.10. The fair value is estimated to be €5.20, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 18%. Revenue is forecast to grow by 33% in 2 years. Earnings are forecast to grow by 175% in the next 2 years. Buy Or Sell Opportunity • Sep 22
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 13% to €4.22. The fair value is estimated to be €3.50, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue is forecast to grow by 33% in 2 years. Earnings are forecast to grow by 175% in the next 2 years. Buy Or Sell Opportunity • Aug 12
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 9.1% to €4.20. The fair value is estimated to be €3.50, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue is forecast to grow by 33% in 2 years. Earnings are forecast to grow by 175% in the next 2 years. Reported Earnings • Aug 04
Second quarter 2025 earnings released Second quarter 2025 results: Revenue: €3.04m (down 12% from 2Q 2024). Net income: €71.0k (down 82% from 2Q 2024). Profit margin: 2.3% (down from 11% in 2Q 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 8.4% growth forecast for the Semiconductor industry in Europe. Valuation Update With 7 Day Price Move • Jun 30
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €4.19, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 20x in the Semiconductor industry in Europe. Total loss to shareholders of 31% over the past year. Reported Earnings • May 02
First quarter 2025 earnings released First quarter 2025 results: Revenue: €3.11m (down 19% from 1Q 2024). Net income: €292.0k (down 52% from 1Q 2024). Profit margin: 9.4% (down from 16% in 1Q 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 27% p.a. on average during the next 2 years, compared to a 22% growth forecast for the Semiconductor industry in the United Kingdom. Announcement • Apr 29
MEMSCAP, S.A., Annual General Meeting, Jun 03, 2025 MEMSCAP, S.A., Annual General Meeting, Jun 03, 2025. Location: parc activillage des fontaines, bernin France Buy Or Sell Opportunity • Apr 08
Now 23% overvalued Over the last 90 days, the stock has fallen 29% to €3.54. The fair value is estimated to be €2.89, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years. Earnings per share has grown by 43%. Revenue is forecast to grow by 50% in 2 years. Earnings are forecast to grow by 188% in the next 2 years. Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment deteriorates as stock falls 22% After last week's 22% share price decline to €3.32, the stock trades at a forward P/E ratio of 9x. Average trailing P/E is 13x in the Semiconductor industry in Europe. Total loss to shareholders of 65% over the past year. Reported Earnings • Mar 31
Full year 2024 earnings released: EPS: €0.18 (vs €0.29 in FY 2023) Full year 2024 results: EPS: €0.18 (down from €0.29 in FY 2023). Revenue: €12.7m (down 10.0% from FY 2023). Net income: €1.37m (down 36% from FY 2023). Profit margin: 11% (down from 15% in FY 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 21% p.a. on average during the next 2 years, compared to a 25% growth forecast for the Semiconductor industry in the United Kingdom. Valuation Update With 7 Day Price Move • Mar 04
Investor sentiment improves as stock rises 29% After last week's 29% share price gain to €4.46, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 13x in the Semiconductor industry in Europe. Total loss to shareholders of 51% over the past year. Reported Earnings • Jan 29
Full year 2024 earnings released Full year 2024 results: Revenue: €12.7m (down 10.0% from FY 2023). Net income: €1.37m (down 36% from FY 2023). Profit margin: 11% (down from 15% in FY 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 21% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Semiconductor industry in Europe. Valuation Update With 7 Day Price Move • Jan 28
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to €3.88, the stock trades at a forward P/E ratio of 12x. Average trailing P/E is 17x in the Semiconductor industry in Europe. Total loss to shareholders of 48% over the past year. New Risk • Dec 11
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of British stocks, typically moving 11% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (11% average weekly change). Minor Risks Shareholders have been diluted in the past year (3.3% increase in shares outstanding). Market cap is less than US$100m (€37.6m market cap, or US$39.5m). Announcement • Dec 10
MEMSCAP, S.A. (ENXTPA:MEMS) commences an Equity Buyback Plan for 770,393 shares, representing 10% for €7.5 million, under the authorization approved on May 31, 2024. MEMSCAP, S.A. (ENXTPA:MEMS) commences share repurchases on December 4, 2024, under the program mandated by the Annual General Meeting held on May 31, 2024. As per the mandate, the company is authorized to repurchase 770,393 shares, representing up to 10% of its issued share capital for €7.5 million. The shares will be repurchased at a maximum price of €20 per share. The shares will be repurchased to delivery or exchange operations when exercising the rights attached to securities giving access to the capital of the Company, to the retention and/or subsequent delivery of shares in payment or exchange within the framework of external growth operations, to honor obligations linked to stock option programs, free share allocations, employee savings or other share allocations to employees and managers of the Company or companies related to it, to the cancellation within the framework of the Company. This authorization is given for a period of 18 months from the date of this meeting. As of May 31, 2024, the company had 7,706,902 shares issued of which 2,964 shares in treasury.
On December 2, 2024, the company announced a share repurchase program. Under the program, the company will repurchase €0.5 million worth of its shares. The repurchased shares will be cancelled. The program is implemented from December 4, 2024 to March 31, 2025. Valuation Update With 7 Day Price Move • Dec 02
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to €2.88, the stock trades at a forward P/E ratio of 10x. Average trailing P/E is 14x in the Semiconductor industry in Europe. Total loss to shareholders of 46% over the past year. Valuation Update With 7 Day Price Move • Nov 06
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €4.14, the stock trades at a forward P/E ratio of 14x. Average trailing P/E is 16x in the Semiconductor industry in Europe. Total loss to shareholders of 17% over the past year. Reported Earnings • Oct 29
Third quarter 2024 earnings released Third quarter 2024 results: Revenue: €2.63m (down 13% from 3Q 2023). Net income: €178.0k (down 41% from 3Q 2023). Profit margin: 6.8% (down from 10% in 3Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 30% growth forecast for the Semiconductor industry in the United Kingdom. Valuation Update With 7 Day Price Move • Sep 09
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to €5.08, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 11x in the Semiconductor industry in the United Kingdom. Total returns to shareholders of 272% over the past three years. Valuation Update With 7 Day Price Move • Aug 06
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to €5.86, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 7x in the Semiconductor industry in the United Kingdom. Total returns to shareholders of 8.1% over the past year. Reported Earnings • Jul 30
Second quarter 2024 earnings released Second quarter 2024 results: Revenue: €3.44m (flat on 2Q 2023). Net income: €384.0k (down 42% from 2Q 2023). Profit margin: 11% (down from 19% in 2Q 2023). Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Semiconductor industry in the United Kingdom. Buy Or Sell Opportunity • Jul 11
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 23% to €6.97. The fair value is estimated to be €8.81, 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. Meanwhile, the company has become profitable. Revenue is forecast to grow by 36% in 2 years. Earnings are forecast to grow by 56% in the next 2 years. Valuation Update With 7 Day Price Move • Jul 05
Investor sentiment improves as stock rises 35% After last week's 35% share price gain to €7.32, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 12x in the Semiconductor industry in the United Kingdom. Total returns to shareholders of 84% over the past year. New Risk • Jun 18
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 7.9% 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: Minor Risks Share price has been volatile over the past 3 months (7.9% average weekly change). Shareholders have been diluted in the past year (3.3% increase in shares outstanding). Market cap is less than US$100m (€42.2m market cap, or US$45.3m). Valuation Update With 7 Day Price Move • Jun 14
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to €6.20, the stock trades at a forward P/E ratio of 16x. Average trailing P/E is 16x in the Semiconductor industry in Europe. Total returns to shareholders of 83% over the past year. Buy Or Sell Opportunity • Jun 13
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 14% to €6.81. The fair value is estimated to be €8.65, 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. Meanwhile, the company has become profitable. Revenue is forecast to grow by 36% in 2 years. Earnings are forecast to grow by 56% in the next 2 years. New Risk • May 18
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 3.1% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Shareholders have been diluted in the past year (3.1% increase in shares outstanding). Market cap is less than US$100m (€59.4m market cap, or US$64.6m). Reported Earnings • Apr 30
First quarter 2024 earnings released First quarter 2024 results: Revenue: €3.83m (up 4.5% from 1Q 2023). Net income: €608.0k (up 29% from 1Q 2023). Profit margin: 16% (up from 13% in 1Q 2023). Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Semiconductor industry in the United Kingdom. Announcement • Mar 28
MEMSCAP, S.A., Annual General Meeting, May 31, 2024 MEMSCAP, S.A., Annual General Meeting, May 31, 2024. Buy Or Sell Opportunity • Mar 15
Now 27% undervalued Over the last 90 days, the stock has risen 23% to €7.78. The fair value is estimated to be €10.62, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue is forecast to grow by 34% in 2 years. Earnings are forecast to grow by 59% in the next 2 years. Buy Or Sell Opportunity • Feb 06
Now 24% undervalued Over the last 90 days, the stock has risen 52% to €7.62. The fair value is estimated to be €9.99, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue is forecast to grow by 34% in 2 years. Earnings are forecast to grow by 59% in the next 2 years. Valuation Update With 7 Day Price Move • Feb 01
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €7.76, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 19x in the Semiconductor industry in Europe. Reported Earnings • Jan 25
Full year 2023 earnings released Full year 2023 results: Revenue: €14.1m (up 51% from FY 2022). Net income: €2.14m (up €1.99m from FY 2022). Profit margin: 15% (up from 1.6% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 15% p.a. on average during the next 2 years, compared to a 20% growth forecast for the Semiconductor industry in the United Kingdom. Buying Opportunity • Jan 17
Now 20% undervalued Over the last 90 days, the stock is up 57%. The fair value is estimated to be €8.35, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue is forecast to grow by 43% in 2 years. Earnings is forecast to grow by 103% in the next 2 years. Valuation Update With 7 Day Price Move • Jan 11
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to €7.09, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 17x in the Semiconductor industry in Europe. Valuation Update With 7 Day Price Move • Dec 11
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €6.16, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 16x in the Semiconductor industry in Europe. Valuation Update With 7 Day Price Move • Oct 30
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to €4.54, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 14x in the Semiconductor industry in Europe. Reported Earnings • Oct 25
Third quarter 2023 earnings released Third quarter 2023 results: Revenue: €3.01m (up 43% from 3Q 2022). Net income: €304.0k (up €304.0k from 3Q 2022). Profit margin: 10% (up from 0% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Semiconductor industry in the United Kingdom. Valuation Update With 7 Day Price Move • Oct 09
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to €4.04, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 15x in the Semiconductor industry in Europe. Reported Earnings • Sep 06
Second quarter 2023 earnings released: EPS: €0.089 (vs €0.012 in 2Q 2022) Second quarter 2023 results: EPS: €0.089 (up from €0.012 in 2Q 2022). Revenue: €3.42m (up 52% from 2Q 2022). Net income: €664.0k (up €578.0k from 2Q 2022). Profit margin: 19% (up from 3.8% in 2Q 2022). The increase in margin was driven by higher revenue. Valuation Update With 7 Day Price Move • Aug 12
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to €5.74, the stock trades at a trailing P/E ratio of 35.7x. Average trailing P/E is 26x in the Semiconductor industry in Europe. Reported Earnings • Jul 26
Second quarter 2023 earnings released Second quarter 2023 results: Revenue: €3.42m (up 52% from 2Q 2022). Net income: €664.0k (up €578.0k from 2Q 2022). Profit margin: 19% (up from 3.8% in 2Q 2022). The increase in margin was driven by higher revenue. Valuation Update With 7 Day Price Move • Jul 21
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €4.89, the stock trades at a trailing P/E ratio of 54.4x. Average trailing P/E is 27x in the Semiconductor industry in Europe. Board Change • Jul 12
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 3 highly experienced directors. Non-Voting Board Member (censor) Joel Alanis was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Board Change • Jun 17
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 3 highly experienced directors. Non-Voting Board Member (censor) Joel Alanis was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Board Change • May 03
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 3 highly experienced directors. Non-Voting Board Member (censor) Joel Alanis was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Board Change • Apr 20
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 3 highly experienced directors. Non-Voting Board Member (censor) Joel Alanis was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Announcement • Jan 27
MEMSCAP, S.A. to Report Q3, 2023 Results on Oct 25, 2023 MEMSCAP, S.A. announced that they will report Q3, 2023 results on Oct 25, 2023 
