More worth than on the brand new market | EUROtoday

The IPO of Elmos was some time in the past. Back then, in 1999, a dozen corporations got here to the market each month. Most have disappeared once more. Not elmos. A share price 22 euros on the primary buying and selling day, October eleventh, greater than 60 euros have been already in February 2000. Elmos Semiconductor not skilled such a speedy course upturn. But the inventory survived. Of 1.45 euros within the chip disaster in spring 2009, the share value ramped up once more. Now programs of greater than 90 euros are being reached and thus considerably greater than within the time of the brand new market when Elmos was a member of the legendary Nemax 50.

Today it’s the Tec-Dax and the S-Dax. And an vital level that all the time spoke for Elmos: based by doctoral and habilitated physicists who didn’t wish to money rapidly with the IPO, the corporate was on a stable basis. The co -founders Klaus Weyer and Günter Zimmer are nonetheless main shareholders in addition to chairwoman and honorary chairman of the supervisory board. Elmos was additionally not based initially of the brand new market, however as early as 1984.

In June 2025, Elmos was the strongest inventory among the many hundred largest listed corporations in Germany. A 3rd went up within the course. With Aixtron and Süss Microtech, trade -related corporations comply with two and three. Analyst Malte Schaumann von Warburg Research sees for the trade and particularly for Elmos “other spa drivers are ready”.

After a roadshow with firm boss Arne Schneider, he raised his revenue estimates. The cycle low was within the first quarter. The Chinese market is once more an vital development driver for the semiconductor firm. The free money influx is gratifying. His value goal raised Schaumann from 110 to 120 euros and thus gave the inventory on the finish of final week. Most of the opposite analysts additionally advise you to purchase. However, their value targets are largely reached in line with the most recent value rally.

Despite some difficulties within the vital buyer group automotive trade, Elmos recorded file gross sales of 581 million euros and 129 million euros in group surplus prior to now monetary 12 months. In view of this, the market worth of 1.5 billion euros doesn’t appear notably excessive. In the present monetary 12 months, Elmos expects steady gross sales, with a decline within the first quarter. The operational revenue margin may attain the excessive degree of 25 % from 2024 once more. In addition to a number of German areas with headquarters in Leverkusen, Elmos is especially current in China.

The inventory additionally advantages from a really optimistic view of the trade. Many buyers not solely wish to depend on Nvidia shares (once more file excessive) and sprinkle their portfolios extra extensively, from which German trade corporations profit. Investors needs to be conscious that unstable can go in semiconductor shares. In April, Elmos shares have been nonetheless obtainable for 50 euros, in January it was 75 euros, and now it’s a good 90 euros. After all, Elmos has additionally been paying a (largely growing) dividend for 15 years. This can also be a indisputable fact that solely applies to a only a few titles of the earlier new market.