Siltronic (WAF) AI Stock Analysis

• Market Cap: €1.80B
• Dividend Yield: 0.43%
• Average Volume (3M): 125.47K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.61
• Revenue Growth: -5.17%
• EPS Growth: -128.32%
• Country: DE
• Employees: 4,400
• Sector: General
• Sector Strength: N/A
• Industry: Semiconductors
• EPS (TTM): -1.48
• Shares Outstanding: 30,000,000
• 10 Day Avg. Volume: 114,113
• 30 Day Avg. Volume: 125,470
• PEG Ratio: 0.10
• Price to Book (P/B): 0.80
• Price to Sales (P/S): 1.09
• P/FCF Ratio: -9.78
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: €60.50
• Price Target Upside: 1.42% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 7
• EPS Forecast (FY): -7.18
• Revenue Forecast (FY): €1.29B

• Rating: 52 Neutral
• Price Target: €53.00 ▼(-11.15% Downside)
• Action: Reiterated Date: 03/14/26
• Date: Action: Reiterated 03/14/26

The score is held down primarily by weak financial performance (losses, sharp margin compression, rising leverage, and persistently negative free cash flow). Technicals provide a meaningful offset with a clear uptrend and supportive momentum, while valuation is only modestly supportive due to a negative P/E despite a high dividend yield.

Positive Factors

Mission-critical product exposure

Siltronic supplies hyperpure silicon wafers that are a fundamental input for chipmakers across logic, memory and analog markets. This mission-critical product creates durable demand dependencies and long qualification cycles that support recurring revenue and customer stickiness over multiple quarters.

Negative Factors

Revenue decline and margin erosion

Material top-line decline and severe gross margin compression indicate structural pricing pressure, underutilized capacity, or adverse mix. Persistently weaker margins reduce ability to fund operations internally and raise the threshold for sustainable profitability even when end-market demand normalizes.

Siltronic Business Overview & Revenue Model

Company Description

Siltronic AG, together with its subsidiaries, manufactures and sells hyperpure semiconductor silicon wafers with diameters of up to 300 mm worldwide. It offers polished and epitaxial wafers. The company also provides special products, such as Ulti...

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Siltronic AG, together with its subsidiaries, manufactures and sells hyperpure semiconductor silicon wafers with diameters of up to 300 mm worldwide. It offers polished and epitaxial wafers. The company also provides special products, such as Ulti...

How the Company Makes Money

Siltronic makes money primarily by selling hyperpure silicon wafers to semiconductor manufacturers. Revenue is generated through (1) volume sales of wafers differentiated by diameter (notably 300 mm and 200 mm), crystal quality, and customer-speci...

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Siltronic makes money primarily by selling hyperpure silicon wafers to semiconductor manufacturers. Revenue is generated through (1) volume sales of wafers differentiated by diameter (notably 300 mm and 200 mm), crystal quality, and customer-speci...

Siltronic Financial Statement Overview

Breakdown	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	1.35B	1.41B	1.51B	1.81B	1.41B
Gross Profit	111.20M	275.40M	372.20M	615.30M	441.20M
EBITDA	306.40M	348.60M	455.90M	690.70M	480.00M
Net Income	-69.20M	63.00M	184.40M	390.60M	253.30M
Balance Sheet
Total Assets	4.80B	5.08B	4.50B	4.05B	2.46B
Cash, Cash Equivalents and Short-Term Investments	531.30M	663.70M	456.90M	1.04B	555.40M
Total Debt	1.49B	1.52B	904.60M	770.50M	105.80M
Total Liabilities	2.77B	2.87B	2.41B	1.98B	1.14B
Stockholders Equity	1.84B	2.01B	1.90B	1.89B	1.19B
Cash Flow
Free Cash Flow	-150.00M	-355.40M	-710.90M	-118.20M	108.40M
Operating Cash Flow	230.10M	344.50M	487.90M	804.50M	501.10M
Investing Cash Flow	-177.70M	-959.80M	-628.90M	-1.33B	-322.20M
Financing Cash Flow	-16.20M	525.60M	42.80M	577.10M	-64.50M

Siltronic Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 59.65
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For DE:WAF, the sentiment is Positive. The current price of 59.65 is above the 20-day moving average (MA) of 56.25, above the 50-day MA of 54.29, and above the 200-day MA of 47.85, indicating a bullish trend. The MACD of 1.14 indicates Negative momentum. The RSI at 59.48 is Neutral, neither overbought nor oversold. The STOCH value of 84.92 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for DE:WAF.

Siltronic Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
CTNK	79 Outperform	€247.60M	5.67	15.59%	―	94.73%	83.64%
AIXA	69 Neutral	€4.30B	22.91	9.82%	0.88%	-3.93%	-20.93%
SMHN	67 Neutral	€1.17B	19.30	18.05%	0.78%	34.77%	52.20%
PFV	62 Neutral	€1.65B	―	4.50%	4.66%	―	―
TPE	58 Neutral	€720.79M	61.67	10.73%	―	-8.62%	-38.42%
Sector *	55 Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
WAF	52 Neutral	€1.80B	-21.20	-3.62%	0.43%	-5.17%	-128.32%