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German maker of automotive analog and mixed-signal chips for motor control, lighting, sensing and vehicle communication.
German maker of automotive analog and mixed-signal chips for motor control, lighting, sensing and vehicle communication.
Wins a place in a vehicle model years before launch and then supplies for that model's life, so revenue follows production of the cars it is designed into. It agreed to sell its Dortmund wafer plant to Littelfuse, shifting toward buying wafers from outside foundries.
In one line: A small-cap European automotive analog chipmaker, akin to a niche Allegro MicroSystems.
Moat: narrow (customer qualification, process know-how). Long automotive design-in cycles create sticky supplier relationships, but faces larger, better-funded competitors.
Headquarters: Dortmund, Germany · Founded: 1984 · Employees: 1,337
Size Elmos Semiconductor (ELG.DE) is a Germany Information Technology company (Semiconductors) with a market value of $2.13B, the 104th largest of 205 Germany companies the cockpit tracks. Shares closed at €114.20 on 6 Nov 2026.
Performance Over six months the shares fell 36.5%, against -32.6% for the median peer and +2.6% for the Germany market (cap-weighted) — 9th lowest of 21 in its peer set.
Growth Revenue grew 8.6% over the last twelve months (peer median +12.9%); the operating margin is 20.4% (peer median 3.9%).
Valuation It trades at 16.2× forward earnings against a peer median of 46.2× (3rd cheapest of 16).
Price implies For today's price to make sense, revenue must grow about 13% a year for seven years (Req g). Recent delivered growth is +20%, so the hurdle is -7 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 5.5 points above its cost of capital (11.1% WACC).
Next results Next results expected around 10 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | €625M | €583M | €581M | €575M | €447M |
| Revenue growth | — | 0% | +1% | +29% | — |
| Gross profit | €273M | €246M | €255M | €271M | €208M |
| EBITDA | €169M | €176M | €177M | €193M | €155M |
| Net income | €102M | €101M | €129M | €99.1M | €71.4M |
| Free cash flow | €107M | €99.2M | -€16.9M | -€6.37M | €26.5M |
| Capital expenditure | €44.8M | €53.7M | €67.0M | €127M | €83.9M |
| Total debt | €101M | €99.8M | €113M | €119M | €81.0M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Elmos Semiconductor ELG.DE | $2.13B | -36% | +9% | 20% | 16.2× | 12.9% |
| Infineon Technologies IFX.DE | $66.8B | -33% | +6% | 13% | 26.0× | 30.2% |
| STMicroelectronics STMPA.PA | $37.7B | -32% | +10% | 7% | 31.4× | 34.0% |
| NXP Semiconductors NXPI | $62.6B | -15% | +15% | 30% | 14.1× | 16.3% |
| Allegro MicroSystems ALGM | $5.25B | -42% | +28% | 9% | 22.1× | 45.3% |
| ams-OSRAM AMS.SW | $1.78B | -16% | -3% | 8% | n/a | n/a |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | ELG.DE | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -22.4% | -20.3% | 10th lowest of 21 |
| 6-month return | -36.5% | -32.6% | 9th lowest of 21 |
| Distance from 52-week high | -44.6% | -58.7% | 5th highest of 21 |
| Revenue growth (TTM) | +8.6% | +12.9% | 8th lowest of 21 |
| Operating margin | 20.4% | 3.9% | 6th highest of 21 |
| Forward P/E | 16.2× | 46.2× | 3rd cheapest of 16 |
| Growth the price implies (Req g, 7 yrs) | 12.9% | 35.2% | least demanding of 11 |
| Growth delivered (Del g) | +20.2% | +19.4% | 5th highest of 11 |
| Hurdle (Req g minus delivered) | -7.3 pp | +19.9 pp | 2nd least demanding of 11 |
| ROIC minus cost of capital | +5.5 pp | -6.6 pp | 5th highest of 21 |
| EV / EBITDA | 11.2× | 18.4× | 3rd cheapest of 5 |
| Net debt / EBITDA | -0.0× | -2.3× | 2nd most indebted of 8 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Elmos Semiconductor ELG.DE | Germany | $2.13B | -36% | +9% | 20% | 16.2× | 12.9% | +20.2% |
| Shanghai Belling Corp.,Ltd 600171.SS | China | $2.14B | -30% | +11% | 4% | n/a | 39.4% | +19.1% |
| Micronics Japan 6871.T | Japan | $2.11B | -33% | +38% | 28% | 14.1× | n/a | n/a |
| Union Semiconductor (Hefei) 688403.SS | China | $2.15B | -14% | +13% | 3% | 56.1× | n/a | n/a |
| Beijing BDStar Navigation 002151.SZ | China | $2.10B | -36% | +35% | -14% | n/a | n/a | n/a |
| China Wafer Level CSP 603005.SS | China | $2.10B | -31% | +7% | 23% | 28.7× | 28.3% | +6.2% |
| Ferrotec 6890.T | Japan | $2.08B | -19% | +43% | 12% | 8.3× | n/a | n/a |
| Guangdong Tianyu Semiconductor 2658.HK | Hong Kong | $2.17B | -3% | +52% | -30% | 59.4× | n/a | n/a |
| nLIGHT LASR | United States | $2.19B | +72% | +43% | -5% | 61.8× | 39.2% | +3.2% |
| Wuxi Taclink Optoelectronics Technology 688205.SS | China | $2.20B | -62% | +20% | 3% | 180.7× | n/a | n/a |
| Xiamen UX IC 688807.SS | China | $2.22B | -48% | +26% | 13% | 144.5× | n/a | n/a |
| Ennostar 3714.TW | Taiwan | $2.23B | -23% | -5% | -13% | n/a | n/a | n/a |
| POWI POWI | United States | $2.25B | -45% | +2% | 8% | 22.9× | 35.9% | -1.9% |
| GCL System Integration Technology 002506.SZ | China | $2.26B | -39% | -32% | -10% | n/a | 31.8% | +20.8% |
| Xiamen Changelight 300102.SZ | China | $2.26B | -50% | -38% | -2% | 71.3× | 34.6% | +21.1% |
| Giantec Semiconductor 688123.SS | China | $2.27B | -23% | +13% | 22% | 23.3× | 39.2% | +19.8% |
| Hermes Testing Solutions 7856.TWO | Taiwan | $2.29B | -32% | +52% | 12% | 46.2× | 52.1% | +51.8% |
| Chunghwa Precision Test Tech 6510.TWO | Taiwan | $2.30B | -37% | +24% | 32% | 28.3× | 24.4% | +2.7% |
| Southchip Semiconductor Technology (Shanghai) 688484.SS | China | $1.95B | -21% | +9% | -2% | 882.8× | n/a | n/a |
| HPSP 403870.KS | South Korea | $1.95B | -37% | -20% | 53% | 22.1× | 15.6% | +23.1% |
| NVTS NVTS | United States | $2.32B | -53% | -29% | -273% | n/a | n/a | n/a |