Added to YB: 2024-05-17
Pitch date: 2024-05-15
IFNNY [bullish]
Infineon Technologies AG
+47.5%
current return
Author Info
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Company Info
Infineon Technologies AG develops, manufactures, and markets semiconductors and semiconductor-based solutions in Germany, Europe, the Middle East, Africa, Mainland China, Hong Kong, Taiwan, the Asia-Pacific, Japan, the United States, and the Americas.
Market Cap
EUR 78.4B
Pitch Price
EUR 37.57
Price Target
51.00 (-7%)
Dividend
0.58%
EV/EBITDA
19.56
P/E
65.54
EV/Sales
5.39
Sector
Semiconductors and Semiconductor Equipment
Category
value
Infineon Technologies AG – Still undervalued, with potential annual returns exceeding 13%.
IFNNY: German semi giant posted Q2 rev €3.63B (-12% YoY), cut FY24 rev outlook to €15.1B (+/- €400M) on auto & industrial weakness. Positives: gaining mkt share in auto (13.7%), 50% of solar/wind uses their chips, sees AI rev growing 50%+ CAGR thru decade. Trades at 22x FY24 EPS (5% discount to peers), PT €51 for 14% annual return potential by FY26. Risks: Cyclical weakness, margin pressure. Opportunities: #1 in auto semis, EVs, decarbonization, SiC leadership.
Read full article (12 min)