Added to YB: 2025-10-30
Pitch date: 2025-10-28
WAF.DE [bullish]
Siltronic AG
+1.67%
current return
Author Info
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Company Info
Siltronic AG, together with its subsidiaries, develops, produces, markets, and sells hyperpure silicon wafers for the semiconductor industry in Germany, rest of Europe, the United States, Taiwan, Mainland China, South Korea, rest of Asia, and internationally.
Market Cap
EUR 1.7B
Pitch Price
EUR 56.75
Price Target
N/A
Dividend
N/A
EV/EBITDA
9.08
P/E
-62.33
EV/Sales
2.21
Sector
Semiconductors and Semiconductor Equipment
Category
turnaround
Siltronic (WAF Germany): A late-cycle semiconductor supplier waiting for the turn
WAF.DE (quick overview): Late-cycle semiconductor wafer supplier w/ revenue down mid-teens YOY as customers work through inventory, but EBITDA margins held >20% despite Singapore fab ramp costs. Management maintained FY outlook, expects leverage to peak here. Memory producers signal higher 2026 volumes; wafer demand follows chip demand by quarters. Classic cyclical bottoming setup.
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