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MEMSCAP SA
(MEMS)
Select Model
Select Model
Rating:60Neutral
Price Target:
€5.00
Action:Reiterated
Date:08/06/26
The score is primarily supported by a solid balance sheet and sustained profitability versus earlier loss years, but is held back by weakening revenue and margin trends and uneven cash-flow consistency. Technical indicators are neutral-to-mixed rather than clearly bullish, and valuation is the biggest headwind due to a high P/E versus cooling fundamentals.
Positive Factors
Balance-sheet strength
Rising equity and declining debt indicate improving capitalization and financial flexibility. A stronger balance sheet supports multi-year R&D and capital cycles in MEMS manufacturing, reduces refinancing risk, and provides capacity to pursue strategic contracts or smooth cyclical demand shocks.
Negative Factors
Top-line weakness
Sustained revenue decline since the 2023 peak erodes operating leverage and makes it harder to absorb fixed costs in a capital-intensive MEMS business. Prolonged top-line weakness risks shrinking scale advantage and pressures long-term investment in capacity and R&D.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance-sheet strength
Rising equity and declining debt indicate improving capitalization and financial flexibility. A stronger balance sheet supports multi-year R&D and capital cycles in MEMS manufacturing, reduces refinancing risk, and provides capacity to pursue strategic contracts or smooth cyclical demand shocks.
Read all positive factors
MEMSCAP SA (MEMS) vs. iShares MSCI France ETF (EWQ)
Market Cap
€38.25M
Dividend YieldN/A
Average Volume (3M)22.68K
Price to Earnings (P/E)35.2
Beta (1Y)0.98
Revenue Growth10.87%
EPS Growth45.49%
CountryFR
Employees55
SectorTechnology
Sector Strength88
IndustrySemiconductors
Share Statistics
EPS (TTM)N/A
Shares Outstanding7,706,902
10 Day Avg. Volume12,214
30 Day Avg. Volume22,677
Financial Highlights & Ratios
PEG Ratio-1.03
Price to Book (P/B)1.67
Price to Sales (P/S)2.66
P/FCF Ratio25.16
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
MEMSCAP SA Business Overview & Revenue Model
Company Description
Memscap, S.A. is a Crolles, France-based company, founded in 1997, that develops and delivers advanced micro-electro-mechanical systems (MEMS) solutions. Catering to a global clientele, the company serves diverse sectors including aerospace and de...
How the Company Makes Money
MEMSCAP makes money primarily by selling MEMS-based products and by providing microfabrication/manufacturing services to third parties.
Key revenue streams:
1) Product sales (MEMS components/modules): The company generates revenue from supplying ...
MEMSCAP SA Financial Statement Overview
Summary
Income Statement
63
Positive
Balance Sheet
72
Positive
Cash Flow
66
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 11.99M | 12.66M | 14.07M | 9.34M | 8.54M |
| Gross Profit | 4.96M | 5.02M | 6.04M | 3.68M | 3.63M |
| EBITDA | 1.43M | 2.36M | 3.04M | 1.45M | 1.87M |
| Net Income | 894.00K | 1.37M | 2.14M | 1.05M | -328.00K |
Balance Sheet | |||||
| Total Assets | 25.37M | 25.83M | 26.28M | 23.45M | 25.43M |
| Cash, Cash Equivalents and Short-Term Investments | 4.46M | 3.96M | 4.80M | 4.18M | 3.92M |
| Total Debt | 4.48M | 5.04M | 5.71M | 5.28M | 6.18M |
| Total Liabilities | 6.33M | 7.56M | 8.61M | 7.86M | 9.65M |
| Stockholders Equity | 19.04M | 18.27M | 17.68M | 15.59M | 15.79M |
Cash Flow | |||||
| Free Cash Flow | 1.26M | 342.00K | 1.41M | -161.00K | 1.57M |
| Operating Cash Flow | 1.36M | 548.00K | 1.75M | 100.00K | 1.59M |
| Investing Cash Flow | -196.00K | -192.00K | -491.00K | 1.35M | -192.00K |
| Financing Cash Flow | -665.00K | -1.19M | -593.00K | -706.00K | -738.00K |
MEMSCAP SA Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% |
* Technology Sector Average
Performance Comparison
MEMSCAP SA Corporate Events
MEMSCAP lifts revenue and margins on aerospace and medical demand
Jul 28, 2026
MEMSCAP reported second-quarter 2026 revenue of €3.64 million, up 19.9% year on year, with aerospace remaining the main growth engine at 71% of sales and medical revenue surging 78.8% on strong demand for invasive blood pressure monitoring. ...
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.