Infineon
Note: This is a daily stock update and the information stands true as of 12/11/24, 09:00 CET.
Company Update:
Expert Opinion:
Considering the current environment for automotive and industry, the demand is likely to remain lackluster for the next 12 months. This is already at least partially priced in and the company trades at 21x earnings for 24 (Sept) down to 13.7x (Sept 25) and 10.7x (Sept 26). Yet, I expect that momentum will dominate and I see no reason to jump back in the name yet.
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Company Update:
Q4 revenue stood at €3,92bn up +6% QoQ but slightly below market expectation of €3,98bn.
Gross margin was at 40.2% in line with the guidance.
Q1 25 Guidance is a miss: revenue guided at €3.2bn, v.s. market expectations of €3.77bn.
FY 25, Infineon expects revenue slightly declining compared to FY 24 and segment result margin in mid to high teens due to weaker car chip demands.
Expert Opinion:
Considering the current environment for automotive and industry, the demand is likely to remain lackluster for the next 12 months. This is already at least partially priced in and the company trades at 21x earnings for 24 (Sept) down to 13.7x (Sept 25) and 10.7x (Sept 26). Yet, I expect that momentum will dominate and I see no reason to jump back in the name yet.
For daily updates, subscribe to our newsletter and for detailed daily updates, reach out to us at sales@alphavalue.eu
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Alphavalue Morning Market Tip
Solid start of 2025 with signs of recovery in key markets.