Added to YB: 2024-07-22
Pitch date: 2024-07-20
XFAB.PA [bullish]
X-FAB Silicon Foundries SE
-14.71%
current return
Author Info
No bio for this author
Company Info
X-FAB Silicon Foundries SE develops, produces, and sells analog/mixed-signal IC, micro-electro-mechanical systems, and silicon carbide products for automotive, medical, industrial, communication, and consumer sectors in the Europe, the United States, Asia, and internationally.
Market Cap
EUR 980.3M
Pitch Price
EUR 6.18
Price Target
31.00 (+488%)
Dividend
N/A
EV/EBITDA
6.85
P/E
46.48
EV/Sales
1.52
Sector
Semiconductors and Semiconductor Equipment
Category
value
Capacity Expansion and Market Positioning: X-FAB's Path to Significant Growth
XFAB.PA: $900M analog foundry, 4-5x potential if 2026 targets met. $1.2B 3-yr Capex for higher capacity/margins. Trades at 3.2x 2026 P/E, 1.8x EV/EBITDA vs peers 8x. Q1 weak, Q2 poor guidance, but 1.26 book-to-bill signals Q3 recovery. Risks: EV demand, Chinese competition in SiC. Automotive semi cycle turning in Q3.
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