Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
Soitec SA is a semiconductor materials company that designs and manufactures engineered wafers used as foundational substrates for advanced electronic chips. Headquartered in Bernin, France and founded in 1992, the company focuses on silicon-on-insulator (SOI) and other specialty materials that enhance performance, power efficiency, and integration density in modern semiconductors. Soitec serves global chipmakers supplying wafers used in smartphones, tablets, computers, data center servers, automotive electronics, industrial systems, medical equipment, and connected devices. Its portfolio includes SOI wafers for connectivity and processor system-on-chips, smart power integrated circuits, and high-speed optical applications, as well as gallium nitride epitaxial wafers supporting 5G radio frequency, smart sensors, and power management. Operating primarily through electronics-focused activities, Soitec plays a critical role in the semiconductor supply chain by enabling chip designers and foundries to meet demanding performance and energy-efficiency requirements across consumer, automotive, communications, and industrial markets worldwide.
The business is unprofitable at the operating level (-3.35% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue declined 33.5% YoY. Margins deteriorated 18.3pp alongside, both lines moving the wrong way.
ROIC dropped from 4.76% to -0.73%, capital efficiency is deteriorating. Operating margin contracted 18.3pp YoY, cost discipline may be slipping.
Profitability & Returns
Revenue (TTM)
€592M
▼ -33.5% YoY
Net Income (TTM)
-€220M
▼ -339.6% YoY
Op. Margin
-3.35%
▼ -18.3pp YoY
ROIC
-0.73%
▼ -5.5pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
€74M
▲ +3530.9% YoY
Op. Cash Flow (TTM)
€190M
▲ +320.3% YoY
Net Debt
€49M
Cash & Equiv.
€563M
3Y CAGR: -18.4%
3Y CAGR: +28.7%
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