Added to YB: 2026-06-22
Pitch date: 2026-06-18
WAF.DE [neutral]
Siltronic AG
Author Info
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Company Info
Siltronic AG, together with its subsidiaries, develops, produces, markets, and sells hyperpure silicon wafers for the semiconductor industry in Germany, Rest of Europe, the United States, Taiwan, Mainland China, South Korea, Rest of Asia, and internationally.
Market Cap
EUR 2.8B
Pitch Price
N/A
Price Target
N/A
Dividend
N/A
EV/EBITDA
13.40
P/E
-21.34
EV/Sales
3.06
Sector
Semiconductors and Semiconductor Equipment
Category
special_situation
Siltronic (WAF Germany): A much needed capital increase
WAF.DE (update): Completed 10% capital raise—3M new shares at €91 (7% discount), €273M proceeds, ~10% dilution; HAL Trust participated. Funds shore up balance sheet strained by Singapore FabNext buildout (net debt ~€1bn). 300mm recovery emerging on AI/inventory normalization, but valuation above historical cycle peaks limits upside.
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