Added to YB: 2026-08-17
Pitch date: 2026-08-13
WAF.DE [bullish]
Siltronic AG
+1.5%
current return
Author Info
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 2.6B
Pitch Price
EUR 86.40
Price Target
N/A
Dividend
N/A
EV/EBITDA
13.55
P/E
-13.71
EV/Sales
2.79
Sector
Semiconductors and Semiconductor Equipment
Category
turnaround
Siltronic: Wafer-time?
WAF.DE: German silicon wafer maker, top-5 oligopoly (~90% share) with high qualification barriers. New Singapore fab underutilized (30-40%) on LTA deferrals; ROCE -7% vs Globalwafers +5% at cyclical low. EBITDA margin 21.6% vs peers 25-27%. Inventory glut peaking, 300mm AI demand tightening logic; potential cyclical recovery.
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