Financials AIXTRON SE

Equities

AIXA

DE000A0WMPJ6

Semiconductor Equipment & Testing

Market Closed - Xetra 11:35:29 2024-02-22 am EST 5-day change 1st Jan Change
34.7 EUR +2.39% Intraday chart for AIXTRON SE +3.58% -10.24%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023 2024 2025
Capitalization 1 940.3 953.8 1,595 2,004 3,024 3,902 3,902 -
Enterprise Value (EV) 1 676.6 655.5 1,285 1,651 3,024 3,579 3,487 3,348
P/E ratio 20.5 x 29.4 x 46 x 21 x 30.3 x 26.5 x 23.8 x 20.6 x
Yield - - 0.77% 1.68% - 1.22% 1.35% 1.52%
Capitalization / Revenue 3.5 x 3.67 x 5.93 x 4.67 x 6.53 x 6.23 x 5.61 x 5.01 x
EV / Revenue 2.52 x 2.52 x 4.77 x 3.85 x 6.53 x 5.72 x 5.02 x 4.3 x
EV / EBITDA 13.2 x 13.3 x 29 x 15.2 x 26.6 x 20.6 x 17.2 x 13.9 x
EV / FCF 181 x 18.7 x -26.5 x -53.4 x - 52.4 x 25.9 x 21.8 x
FCF Yield 0.55% 5.35% -3.77% -1.87% - 1.91% 3.86% 4.59%
Price to Book 2.19 x 2.06 x 3.22 x 3.39 x - 4.94 x 4.26 x 3.71 x
Nbr of stocks (in thousands) 111,837 111,840 111,840 112,118 112,115 112,445 112,445 -
Reference price 2 8.408 8.528 14.26 17.87 26.97 33.89 33.89 33.89
Announcement Date 2/26/19 2/27/20 2/25/21 2/24/22 2/28/23 - - -
1EUR in Million2EUR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023 2024 2025
Net sales 1 268.8 259.6 269.2 429 463.2 625.9 695 778.7
EBITDA 1 51.41 49.14 44.38 108.8 113.6 173.7 202.4 240.5
EBIT 1 41.47 39 34.83 98.98 104.7 161.9 189.6 222.8
Operating Margin 15.43% 15.02% 12.94% 23.07% 22.6% 25.86% 27.28% 28.61%
Earnings before Tax (EBT) 1 42.47 39.72 35.07 98.93 105.1 162.9 194.2 226.4
Net income 1 45.86 32.83 34.88 95.66 100.4 143.7 164.5 188.9
Net margin 17.06% 12.65% 12.95% 22.3% 21.68% 22.96% 23.68% 24.25%
EPS 2 0.4100 0.2900 0.3100 0.8500 0.8900 1.280 1.426 1.647
Free Cash Flow 1 3.746 35.05 -48.45 -30.94 - 68.33 134.7 153.6
FCF margin 1.39% 13.5% -18% -7.21% - 10.92% 19.39% 19.73%
FCF Conversion (EBITDA) 7.29% 71.33% - - - 39.34% 66.58% 63.88%
FCF Conversion (Net income) 8.17% 106.76% - - - 47.55% 81.88% 81.34%
Dividend per Share 2 - - 0.1100 0.3000 - 0.4131 0.4586 0.5147
Announcement Date 2/26/19 2/27/20 2/25/21 2/24/22 2/28/23 - - -
1EUR in Million2EUR
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q2 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 S1 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4
Net sales 1 67.7 130.8 180.9 88.59 102.5 88.87 183.2 77.23 173.4 250.7 165 214.6 145.6 157.1 179 203.9
EBITDA 1 - - 60.57 - 19.32 - 59.61 - 47.47 - 48.2 75.04 37.84 42.87 52 57.1
EBIT 1 5.6 36.18 57.9 14.23 17.2 16.21 57.06 3.482 44.62 48.1 45.28 71.94 36.25 39.76 48.63 53.02
Operating Margin 8.27% 27.66% 32.01% 16.07% 16.78% 18.24% 31.14% 4.51% 25.73% 19.19% 27.44% 33.52% 24.89% 25.31% 27.17% 26%
Earnings before Tax (EBT) - 36.16 57.85 14.27 17.15 16.39 57.34 - - - - - - - - -
Net income 1 - 31.44 51.89 13.75 17.35 19.07 50.27 - 40.42 - 39.57 63.37 43.19 39.91 42.35 -
Net margin - 24.03% 28.68% 15.52% 16.92% 21.46% 27.44% - 23.3% - 23.98% 29.52% 29.66% 25.4% 23.66% -
EPS 2 0.0700 0.2800 0.4600 0.1200 0.1600 0.1700 0.4400 0.0300 0.3600 0.3900 0.3500 0.5357 0.2925 0.3007 0.3404 0.4007
Dividend per Share 2 - - 0.3000 - - - - - - - - 0.4573 - 0.2016 - -
Announcement Date 7/29/21 11/4/21 2/24/22 5/5/22 7/28/22 10/27/22 2/28/23 4/27/23 7/27/23 7/27/23 10/26/23 - - - - -
1EUR in Million2EUR
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023 2024 2025
Net Debt 1 - - - - - - - -
Net Cash position 1 264 298 310 353 - 323 415 554
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow 1 3.75 35.1 -48.5 -30.9 - 68.3 135 154
ROE (net income / shareholders' equity) 11.5% 7.37% 7.28% 17.6% - 20% 19.5% 18.9%
ROA (Net income/ Total Assets) - 5.96% 6.05% 14.4% - 14.9% 16.4% 15.4%
Assets 1 - 550.9 576.7 665.6 - 966 1,001 1,227
Book Value Per Share 2 3.830 4.140 4.430 5.280 - 6.860 7.950 9.130
Cash Flow per Share 2 0.1200 0.3800 -0.3500 -0.1200 - 1.610 1.560 1.680
Capex 1 9.21 7.76 9.29 17.4 - 36.9 54.9 35.3
Capex / Sales 3.42% 2.99% 3.45% 4.07% - 5.9% 7.9% 4.53%
Announcement Date 2/26/19 2/27/20 2/25/21 2/24/22 2/28/23 - - -
1EUR in Million2EUR
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
B+
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
14
Last Close Price
34.7 EUR
Average target price
39.31 EUR
Spread / Average Target
+13.30%
Consensus
+229% on MICROSOFT CORPORATION since our purchase on January 11, 2019
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