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ELMOS Semiconductor AG (DE:ELG)
XETRA:ELG
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ELMOS Semiconductor (ELG) AI Stock Analysis

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DE:ELG

ELMOS Semiconductor

(XETRA:ELG)

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Outperform 75 (OpenAI - 5.2)
Rating:75Outperform
Price Target:
€177.00
▲(2.79% Upside)
Action:Reiterated
Date:05/09/26
The score is driven primarily by strong fundamentals—healthy margins and low leverage—tempered by slower recent growth and historically volatile free cash flow. Technically, the stock is in a strong uptrend but looks overbought, and valuation is only moderate given a ~23.65 P/E and ~0.49% yield.
Positive Factors
High margins and profitability
Consistently strong margins across gross, EBIT and net levels indicate durable pricing power and cost control in mixed-signal automotive ICs. These margins support reinvestment in R&D, fund product development cycles, and provide a buffer through automotive demand swings.
Negative Factors
Cooling revenue growth
After strong expansion in 2022–2023, the slowdown to single-digit growth suggests market saturation on some platforms or softer OEM ramp timing. Slower top-line expansion constrains long-term operating leverage and may require new product wins to restore structural growth.
Read all positive and negative factors
Positive Factors
Negative Factors
High margins and profitability
Consistently strong margins across gross, EBIT and net levels indicate durable pricing power and cost control in mixed-signal automotive ICs. These margins support reinvestment in R&D, fund product development cycles, and provide a buffer through automotive demand swings.
Read all positive factors

ELMOS Semiconductor (ELG) vs. iShares MSCI Germany ETF (EWG)

ELMOS Semiconductor Business Overview & Revenue Model

Company Description
Elmos Semiconductor SE, operating globally with its subsidiaries, specializes in the design, manufacture, and sale of advanced semiconductors and sensors, predominantly serving the automotive sector. Its product portfolio encompasses a variety of ...
How the Company Makes Money
ELMOS makes money primarily by designing automotive semiconductor ICs and selling them to customers (commonly automotive Tier-1 suppliers and, in some cases, other electronics manufacturers) for use in serial vehicle production. Its core revenue s...

ELMOS Semiconductor Financial Statement Overview

Summary
Strong profitability at scale (TTM revenue ~€608M; gross margin ~43%, EBIT margin ~24%, net margin ~18%) and a conservative balance sheet (TTM debt-to-equity ~0.16; TTM ROE ~18%). The main offsets are materially cooler revenue growth versus 2022–2023 and historically volatile free cash flow (negative in 2023–2024), despite a strong TTM rebound (FCF ~€108M).
Income Statement
84
Very Positive
Balance Sheet
88
Very Positive
Cash Flow
72
Positive
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue608.27M582.60M581.11M575.01M447.25M322.09M
Gross Profit262.03M246.40M254.54M271.31M207.54M144.67M
EBITDA185.23M176.42M211.20M194.18M154.39M91.79M
Net Income108.80M101.10M128.70M99.15M71.38M39.81M
Balance Sheet
Total Assets872.71M829.19M799.83M812.40M542.43M418.01M
Cash, Cash Equivalents and Short-Term Investments142.23M114.17M95.51M92.38M42.01M25.39M
Total Debt100.67M99.78M111.30M116.64M75.56M74.18M
Total Liabilities214.61M187.70M236.65M364.45M182.01M117.85M
Stockholders Equity658.10M641.49M562.72M447.44M359.79M299.44M
Cash Flow
Free Cash Flow107.77M99.22M-50.77M-24.55M14.78M10.90M
Operating Cash Flow128.56M119.95M16.27M102.64M98.64M79.60M
Investing Cash Flow-53.99M-57.67M-1.11M-73.75M-72.61M-73.60M
Financing Cash Flow-31.31M-31.46M-22.56M22.94M-7.45M-28.72M

ELMOS Semiconductor Technical Analysis

Technical Analysis Sentiment
Negative
Last Price172.20
Price Trends
50DMA
175.23
Negative
100DMA
165.96
Negative
200DMA
132.05
Positive
Market Momentum
MACD
-4.72
Positive
RSI
37.97
Neutral
STOCH
21.79
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For DE:ELG, the sentiment is Negative. The current price of 172.2 is above the 20-day moving average (MA) of 171.15, below the 50-day MA of 175.23, and above the 200-day MA of 132.05, indicating a neutral trend. The MACD of -4.72 indicates Positive momentum. The RSI at 37.97 is Neutral, neither overbought nor oversold. The STOCH value of 21.79 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for DE:ELG.

ELMOS Semiconductor Peers Comparison

Overall Rating
UnderperformOutperform
Sector (55)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
75
Outperform
€2.61B24.8317.36%1.08%6.49%-11.56%
73
Outperform
€803.70M40.1014.61%21.41%
72
Outperform
€1.48B10.5318.90%2.64%-7.50%42.45%
65
Neutral
€82.85B76.706.49%0.95%3.31%39.44%
62
Neutral
€2.21B28.008.03%1.97%-5.40%-8.25%
55
Neutral
$6.65B3.83-15.92%6.20%10.91%7.18%
* General Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
DE:ELG
ELMOS Semiconductor
157.20
60.59
62.72%
DE:IFX
Infineon Technologies AG
63.66
25.45
66.61%
DE:BSL
Basler AG
25.95
12.92
99.17%
DE:SIS
First Sensor
52.50
-4.61
-8.08%
DE:JEN
Jenoptik
38.64
18.78
94.60%
DE:KTN
Kontron AG
22.96
-5.38
-18.98%
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.Date of analysis: May 09, 2026