Added to YB: 2026-06-24
Pitch date: 2026-06-22
IQE.L [neutral]
IQE plc
Author Info
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Company Info
IQE plc, together with its subsidiaries, develops, manufactures, and sells advanced semiconductor materials.
Market Cap
GBP 555.6M
Pitch Price
N/A
Price Target
N/A
Dividend
N/A
EV/EBITDA
-136.75
P/E
-15.03
EV/Sales
6.49
Sector
Semiconductors and Semiconductor Equipment
Category
turnaround
IQE, Graded
IQE.L (watchlist): Upstream AI optics play in InP epiwafers; chain bottleneck real (AXT, Lumentum, Coherent confirm). MACOM £45m + board seat, Tower multi-year deal, £81m raise ended sale process. But FY25 rev -18% to £97.3m, EBITDA -60%, margin 3%. Stock +several hundred% YTD, priced for FY26 20%+ growth conversion not yet in numbers. Insourcing risk; unproven turnaround.
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