Added to YB: 2024-02-21
Pitch date: 2024-02-20
STM [bullish]
STMicroelectronics N.V.
-44.72%
current return
Author Info
No bio for this author
Company Info
STMicroelectronics N.V., together with its subsidiaries, designs, develops, manufactures, and sells semiconductor products in Europe, the Middle East, Africa, the Americas, and the Asia Pacific.
Market Cap
EUR 22.1B
Pitch Price
EUR 40.46
Price Target
73.00 (+226%)
Dividend
1.45%
EV/EBITDA
7.95
P/E
42.85
EV/Sales
1.69
Sector
Semiconductors and Semiconductor Equipment
Category
turnaround
STMicroelectronics: FY24 Would Be A Transition Year
STM Q4 miss, but Strong Buy at €73 on auto SiC strength: $1.14B FY23 (6.6% rev), $1.5-1.6B FY24 est. Expanding capacity globally. FY24 headwinds: ADAS inventory correction, $800M rev hit from capacity fee cuts, industrial slowdown. 8%/-5% cycle growth, capex $4.1B to $2.5B. ON, Infineon key SiC rivals.
Read full article (5 min)