Added to YB: 2026-09-30
Pitch date: 2026-09-25
XFAB.PA [bullish]
X-FAB Silicon Foundries SE
-12.54%
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 photonics products for automotive, medical, industrial, communication, and consumer sectors in the Europe, the United States, Asia, and internationally.
Market Cap
EUR 949.8M
Pitch Price
EUR 6.34
Price Target
10.45 (+88%)
Dividend
N/A
EV/EBITDA
7.88
P/E
215.14
EV/Sales
1.49
Sector
Semiconductors and Semiconductor Equipment
Category
turnaround
X-Fab: What Remains After the Hype?
XFAB.PA: X-Fab offers a specialty chipmaker at roughly 14% below book value, with recovery upside as higher volumes flow through factories running near 60% utilisation against a roughly 70% fixed cost base, plus longer-term AI-infrastructure demand. The 2028 base case is €10.45 per share versus a €6 entry. The main risk is a delayed automotive recovery; first-half operating cash flow did not cover capex, Kepler flagged refinancing needs beyond November 2027, and a prolonged downturn could expose shareholders to dilution.
Read full article (6 min)