Soitec SA Share From reverse split

SOI: XPAR (FRA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	€624.00	Fcccdj	Fqrtdpszz

Soitec: Firm Puts an End to a Tough 2024 After Three Guidance Cuts; 2025 Expected to Be Flat

Javier Correonero

May 24, 2024

There were no big surprises in Soitec’s results, after the firm already made a sizable adjustment to its short- and midterm forecasts in late March. Sales came in at EUR 978 million, a 10% year-on-year decline. Despite the revenue pressure, the firm has managed to maintain a 34% EBITDA margin. We are maintaining our EUR 150 fair value estimate, with shares remaining undervalued. Soitec currently trades at 12 times and 9.5 times our expected 2025 and 2026 EBITDA.

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