IQE PLC ORD GBP0.01
Symbol: IQE
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Company
Business Summary
IQE plc is a global supplier of compound semiconductor wafer products and advanced material solutions. The Company operates through three segments: Wireless, Photonics and CMOSS++. The Wireless segment manufactures and sells compound semiconductor materials for the wireless market, which includes radio frequency devices that enable wireless communications. The Photonics segment manufactures and sells compound semiconductor materials for the photonics market, which includes applications that either transmit or sense light, both visible and infrared. The CMOSS++ segment manufactures and sells advanced semiconductor materials related to silicon which include the combination of the advanced properties of compound semiconductors with those of lower cost silicon technologies. Its semiconductor wafers and materials solutions enable a range of applications across smart connected devices, communications infrastructure, automotive and industrial and aerospace and security.
Financial Summary
BRIEF: For the six months ended 30 June 2024, IQE plc revenues increased 27% to £66M. Net loss decreased 29% to £15.1M. Revenues reflect Wireless segment increase of 73% to £38.8M. Lower net loss reflects Wireless segment income totaling £5M vs. loss of £3M, Photonics segment loss decrease of 32% to £4.3M, Central corporate cost segment loss decrease of 4% to £6.9M.
Financials
Income Statement - All values are in GBP (M).
Year Ending |
31/12/2023 |
31/12/2022 |
31/12/2021 |
31/12/2020 |
31/12/2019 |
31/12/2018 |
---|---|---|---|---|---|---|
Total Revenue | 115.25 | 167.49 | 154.10 | 178.02 | 140.02 | 156.29 |
Gross profit | 2.33 | 26.38 | 17.64 | 33.15 | 21.38 | 37.45 |
Operating Profit/Loss | -25.78 | -72.98 | -19.98 | -5.52 | -18.80 | 8.66 |
Profit Before Tax | -28.81 | -75.40 | -22.19 | -3.89 | -24.95 | 6.75 |
Profit After Tax | -29.38 | -74.54 | -31.00 | -2.89 | -35.13 | 1.19 |
Equity Holders of Parent Company | -29.38 | -74.54 | -31.00 | -3.27 | -35.47 | 0.97 |
Minority Interest | NIL | -0.38 | 3.51 | 3.33 | NIL | NIL |
Balance Sheet - All values are in GBP (M).
Year Ending |
31/12/2023 |
31/12/2022 |
31/12/2021 |
31/12/2020 |
31/12/2019 |
31/12/2018 |
---|---|---|---|---|---|---|
Total Non-Current Assets | 202.83 | 205.50 | 269.86 | 277.16 | 300.05 | 267.48 |
Total Current Assets | 70.69 | 90.61 | 81.36 | 94.13 | 72.53 | 94.53 |
Total Assets | 273.51 | 296.11 | 351.22 | 371.29 | 372.58 | 362.01 |
Total Liabilities | 103.73 | 121.05 | 112.75 | 107.30 | 105.99 | 56.28 |
Total Net Assets | 169.79 | 175.06 | 238.47 | 263.98 | 266.59 | 305.73 |
Shareholders Funds | 169.79 | 175.06 | 234.62 | 260.44 | 266.59 | 305.73 |
Minority Interests | NIL | -0.38 | 3.51 | 3.33 | NIL | NIL |
Total Equity | 169.79 | 175.06 | 238.47 | 263.98 | 266.59 | 305.73 |
Outlook
Broker View
Data shown is based on the past 75 days of broker views.
ActionBrokers |
Strong Buy2 |
Buy1 |
Neutral0 |
Sell0 |
Strong Sell0 |
---|---|---|---|---|---|
Brokers | 2 | 1 | 0 | 0 | 0 |
Consensus |
ConsensusStrong Buy |
Not advice based on your circumstances. Does not constitute a recommendation to buy or sell this or any other security. Selected data supplied by Digital Look® Read more.
Forecasts
Year | 2024 | 2025 | 2026 |
---|---|---|---|
Revenue | £117.04mn | £118.71mn | £125.22mn |
Pre-tax-Profit | -£22.56mn | -£17.96mn | -£14.05mn |
EPS | -£0.02p | -£0.02p | -£0.02p |
EPS Growth | 0.00% | 0.00% | 0.00% |
P/E | -4.26 | -4.67 | -5.21 |
PEG Ratio | 0.00 | 0.00 | 0.00 |
Dividend | 0.00p | 0.00p | 0.00p |
Yield | 0.00% | 0.00% | 0.00% |
Upgrades & Downgrades (Latest)
Date | Broker | Recommendation | Price | Old Target | New Target | Change |
---|---|---|---|---|---|---|
13th Feb 2025 | Deutsche | Reiteration | 15p | 0p | 20p | Buy |
19th Apr 2024 | Numis | Reiteration | 28p | 0p | 55p | Buy |
Time & Sales
All prices are in GBX and times are in GMT. Last 20 trades shown. Trade type is estimated and should be treated as indicative only.
Date | Time | Price | Volume | Type |
---|---|---|---|---|
24 Apr 2025 | 16:29 | 9 | 117 | Buy |
24 Apr 2025 | 16:29 | 8.9196 | 38,758 | Sell |
24 Apr 2025 | 16:28 | 8.99 | 68 | Buy |
24 Apr 2025 | 16:22 | 8.99 | 67 | Buy |
24 Apr 2025 | 16:21 | 8.99 | 67 | Buy |
24 Apr 2025 | 16:14 | 8.9892 | 100 | Buy |
24 Apr 2025 | 16:14 | 8.9737 | 6,586 | Buy |
24 Apr 2025 | 16:13 | 8.9737 | 1,597 | Buy |
24 Apr 2025 | 16:10 | 8.93 | 74 | Buy |
24 Apr 2025 | 16:10 | 8.94 | 9,300 | Buy |
24 Apr 2025 | 16:10 | 8.94 | 389 | Buy |
24 Apr 2025 | 16:10 | 8.93 | 441 | Buy |
24 Apr 2025 | 16:10 | 8.913 | 69,016 | Sell |
24 Apr 2025 | 16:08 | 8.9492 | 4,278 | Buy |
24 Apr 2025 | 16:06 | 8.9044 | 1,303 | Sell |
24 Apr 2025 | 16:03 | 8.96 | 65 | Buy |
24 Apr 2025 | 15:44 | 8.9 | 8,625 | Sell |
24 Apr 2025 | 15:44 | 8.94 | 83 | Buy |
24 Apr 2025 | 15:44 | 8.98 | 1,696 | Buy |
Selected data supplied by Thomson Reuters © View restrictions.