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Soitec SA
(SOI)
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Rating:53Neutral
Price Target:
€119.00
▲(10.19% Upside)
Action:Reiterated
Date:09/19/26
The score is held back primarily by deteriorated financial performance in 2026 (revenue drop, margin compression, and a sizable net loss) and a negative P/E. These risks are partially offset by technical strength (price above major moving averages with positive momentum) and underlying resilience from moderate leverage plus positive operating and free cash flow.
Positive Factors
Moderate, improving leverage
Moderate leverage and a substantial equity base provide Soitec with financial flexibility while it manages cyclical semiconductor demand. The improvement from earlier debt-to-equity levels reduces balance-sheet pressure and supports continued investment in engineered substrate platforms.
Negative Factors
Sharp revenue contraction
The substantial revenue decline indicates that Soitec is currently exposed to a meaningful downturn in customer demand or product volumes. If weaker shipments persist, lower scale can reduce operating leverage, constrain investment capacity, and delay recovery in earnings.
Read all positive and negative factors
Positive Factors
Negative Factors
Moderate, improving leverage
Moderate leverage and a substantial equity base provide Soitec with financial flexibility while it manages cyclical semiconductor demand. The improvement from earlier debt-to-equity levels reduces balance-sheet pressure and supports continued investment in engineered substrate platforms.
Read all positive factors
Soitec SA (SOI) vs. iShares MSCI France ETF (EWQ)
Market Cap
€4.20B
Dividend YieldN/A
Average Volume (3M)297.99K
Price to Earnings (P/E)―
Beta (1Y)1.78
Revenue Growth-33.51%
EPS Growth-339.49%
CountryFR
Employees1,961
SectorGeneral
Sector StrengthN/A
IndustrySemiconductors
Share Statistics
EPS (TTM)-6.17
Shares Outstanding35,814,320
10 Day Avg. Volume327,666
30 Day Avg. Volume297,992
Financial Highlights & Ratios
PEG Ratio0.02
Price to Book (P/B)1.39
Price to Sales (P/S)3.11
P/FCF Ratio21.93
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
€166.60Price Target Upside54.26% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering5
EPS Forecast (FY)0.54
Revenue Forecast (FY)€745.41M
Soitec SA Business Overview & Revenue Model
Company Description
Soitec S.A. is a global leader specializing in the design and production of advanced semiconductor materials. These sophisticated materials form the foundational components for microchips utilized across an expansive spectrum of electronic devices...
How the Company Makes Money
Soitec makes money primarily by manufacturing and selling engineered semiconductor substrates (specialty wafers) to semiconductor manufacturers. Its revenue model is largely product-sales driven: customers purchase wafers manufactured to specific ...
Soitec SA Financial Statement Overview
Summary
Income Statement
33
Negative
Balance Sheet
63
Positive
Cash Flow
55
Neutral
| Breakdown | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 592.00M | 891.00M | 977.91M | 1.09B | 862.74M |
| Gross Profit | 96.00M | 286.00M | 331.91M | 375.99M | 294.23M |
| EBITDA | 104.78M | 260.00M | 345.71M | 373.43M | 275.13M |
| Net Income | -220.00M | 92.00M | 178.32M | 233.03M | 201.96M |
Balance Sheet | |||||
| Total Assets | 2.28B | 2.81B | 2.69B | 2.42B | 2.00B |
| Cash, Cash Equivalents and Short-Term Investments | 565.00M | 695.00M | 712.74M | 788.95M | 730.27M |
| Total Debt | 620.16M | 781.00M | 742.74M | 647.58M | 585.70M |
| Total Liabilities | 954.00M | 1.21B | 1.20B | 1.11B | 955.57M |
| Stockholders Equity | 1.33B | 1.59B | 1.49B | 1.31B | 1.04B |
Cash Flow | |||||
| Free Cash Flow | 84.00M | 29.00M | -59.88M | 32.33M | 45.94M |
| Operating Cash Flow | 199.00M | 201.00M | 165.31M | 259.82M | 250.87M |
| Investing Cash Flow | -127.00M | -176.00M | -208.38M | -235.76M | -211.49M |
| Financing Cash Flow | -188.00M | -50.00M | -33.35M | 20.37M | 35.93M |
Soitec SA Technical Analysis
Negative
108.00
Price Trends
134.25
Negative
124.08
Negative
101.98
Positive
Market Momentum
-6.70
Positive
37.17
Neutral
9.49
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FR:SOI, the sentiment is Negative. The current price of 108 is below the 20-day moving average (MA) of 143.49, below the 50-day MA of 134.25, and above the 200-day MA of 101.98, indicating a neutral trend. The MACD of -6.70 indicates Positive momentum. The RSI at 37.17 is Neutral, neither overbought nor oversold. The STOCH value of 9.49 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for FR:SOI.
Soitec SA Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
60 Neutral | €35.63M | 32.84 | 5.66% | 1.43% | 10.87% | 46.41% | |
59 Neutral | €881.05M | 55.63 | 1.96% | 2.49% | -3.46% | -68.33% | |
59 Neutral | €126.66M | 20.77 | 23.75% | 1.66% | 11.11% | 99.40% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
53 Neutral | €4.20B | -19.01 | -15.71% | ― | -33.51% | -339.49% | |
52 Neutral | €533.70M | 38.17 | 6.85% | 1.54% | 8.13% | 31.36% | |
48 Neutral | €676.67M | 143.63 | 0.45% | ― | -3.09% | -86.76% |
* General Sector Average
FR:SOI
Soitec SA
117.30
77.88
197.56%
FR:MRN
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36.16
13.75
61.39%
FR:XFAB
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5.18
-1.19
-18.68%
FR:MEMS
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4.63
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19.79%
FR:LBIRD
Lumibird SA
24.05
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16.93%
FR:ALRIB
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6.02
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86.72%
Soitec SA Corporate Events
Soitec Updates Share Capital and Voting Rights Structure
Oct 5, 2026
Soitec SA has reported that its share capital consists of 35,814,320 ordinary shares with a par value of €2.00 each, listed on the Euronext Paris regulated market under the ISIN code FR0013227113 and the mnemonic SOI. As of September 30, 202...
Soitec Raises €500 Million via Low-Coupon Convertible Bonds to Fund Growth
Sep 18, 2026
Soitec has completed a €500 million placement of cash and/or new and/or existing shares convertible bonds maturing in 2033, targeted exclusively at qualified investors under French and EU regulations. The issue, structured as low-coupon ORNA...
Soitec Raises €500 Million via Low-Dilution Convertible Bond Issue
Sep 17, 2026
Soitec has launched a €500 million issue of bonds with an option for redemption in cash and/or in new and/or existing shares, known as ORNANES, maturing in September 2033 and placed exclusively with qualified investors. The instruments carry...
Soitec updates investors on share capital and voting rights structure
Sep 7, 2026
Soitec SA has disclosed updated information on its share capital and voting rights as of August 31, 2026, in line with French regulatory requirements for listed companies. The company reports a share capital composed of 35,814,320 ordinary shares ...
Soitec Hikes Q2 Revenue Outlook on Surging Photonics-SOI Demand
Sep 2, 2026
Soitec has sharply raised its revenue guidance for the second quarter of fiscal 2027, citing accelerating demand in its Photonics-SOI semiconductor materials and improved visibility on customer needs. The company now expects overall Q2’27 sa...
Soitec Details Share Capital and Voting Rights Structure as of July 2026
Aug 4, 2026
Soitec SA, a French-based leader in innovative semiconductor materials listed on Euronext Paris, provides high-performance and energy-efficient substrates to customers in mobile communications, automotive and industrial sectors, and edge and cloud...
Soitec Renews 18-Month, €357 Million Share Buyback Program
Jul 29, 2026
Soitec SA has renewed its share buyback program following shareholder approval at its July 29, 2026 annual general meeting, extending the authorization for a further 18 months. The move replaces the 2025 program and allows the company to repurchas...
Soitec Shareholders Back All Resolutions at 2026 Annual General Meeting
Jul 29, 2026
Soitec SA announced that its 2026 Annual General Meeting was held in Bernin, near Grenoble, under the chairmanship of Frédéric Lissalde. The meeting reached a quorum with 51% of shareholders present, represented or voting by post, and al...
Soitec Reaches Agreement in Principle to Settle Tax Dispute in France
Jul 28, 2026
Soitec has reached an agreement in principle with the French tax authorities to resolve an ongoing dispute, a move that will see the forfeiture of about €320 million in tax loss carry-forwards. The settlement, expected to be finalized in the...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.