Loading…

IQE plcIQE.LCompetitor analysis, valuation and peers

United Kingdom · GBP·Industrials›Industrial Machinery
Momentum laggard 1
Mkt cap
$514M
US dollars, full cap
Free float
65%
of shares outstanding
$/day
$8.72M
20-day average traded
Fwd P/E
n/m
no positive forecast
ROIC−WACC
-25.8 pp
WACC 19.6%
Hurdle
n/a
no reverse DCF
Next earnings
194 days
19 May 2027
Close · GBP£28.70
1D+1.2%
1W-16.7%
1M-43.3%
3M-38.2%
6M-39.1%
YTD+474.0%
1Y+422.8%
ATR %11.2%
52w lowhigh60.6% off high

What IQE does

Employees: 460

IQE at a glance

Size IQE (IQE.L) is a United Kingdom Industrials company (Industrial Machinery) with a market value of $514M, the 294th largest of 363 United Kingdom companies the cockpit tracks. Shares closed at £28.70 on 6 Nov 2026.

Performance Over six months the shares fell 39.1%, against -25.4% for the median peer and +3.6% for the United Kingdom market (cap-weighted) — 7th lowest of 21 in its peer set.

Growth Revenue grew 19.9% over the last twelve months (peer median +2.7%); the operating margin is -11.4% (peer median 6.2%).

Valuation It trades at 3.4× enterprise value to sales against a peer median of 2.2× (8th most expensive of 21).

Capital Return on invested capital runs 25.8 points below its cost of capital (19.6% WACC).

Next results Next results expected around 19 May 2027 (exchange calendar; dates can move).

Relative performance

608010011 May 202611 Aug 20266 Nov 2026Peer median 73IQE.L 57
Six months, rebased to 100: IQE against the median of its 20 peers (local-currency closes).

IQE financials

Reported figures in GBP; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
Revenue£117M£97.3M£118M£115M£167M
Revenue growth—-18%+2%-31%—
Gross profit£3.44M-£3.24M-£1.94M-£5.36M£18.6M
EBITDA£8.12M£3.07M£11.4M£340,000£23.3M
Net income-£23.6M-£36.7M-£38.2M-£29.4M-£74.5M
Free cash flow-£9.20M-£2.08M-£14.2M-£6.24M-£3.49M
Capital expenditure£7.60M£8.35M£14.8M£18.1M£17.9M
Total debtn/a£91.7M£74.0M£54.1M£77.7M

Quarterly statements and history in the cockpit →

IQE competitor charts

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.

Performance: 6-month against 1-month return

-60%-40%-20%-40%-20%0%NMAN001332HY27292402002564645964583006903007563001936036563004906039336031066254301459603912IQE.L6-month return →1-month return →
Up and to the right = strong over both horizons. IQE is the large dot.

Fundamentals: revenue growth against valuation

0%+50%0×5×10×NMAN001332HY27292402002564645964583006903007563001936036563004906039336031066254301459003028603912IQE.LRevenue growth (TTM) →EV / Sales →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. IQE is the large dot.

IQE competitors and peer comparison

How IQE compares with its peers

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.

IQE against its 20 peers (data as of 6 Nov 2026)
MeasureIQE.LPeer medianRank in peer set
1-month return-43.3%-10.2%4th lowest of 21
6-month return-39.1%-25.4%7th lowest of 21
Distance from 52-week high-60.6%-47.3%5th lowest of 21
Revenue growth (TTM)+19.9%+2.7%6th highest of 21
Operating margin-11.4%6.2%3rd lowest of 21
EV / Sales3.4×2.2×8th most expensive of 21
ROIC minus cost of capital-25.8 pp-3.3 pp2nd lowest of 21
EV / EBITDA48.6×17.6×2nd most expensive of 8
Net debt / EBITDA1.5×1.1×5th least indebted of 9

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginEV / SalesReq gDelivered g
IQE IQE.LUnited Kingdom$514M-39%+20%-11%3.4×n/an/a
Nederman NMAN.STSweden$512M+22%-6%8%1.3×4.4%+9.5%
Wuxi Chemical Equipment 001332.SZChina$517M-50%-10%11%1.9×10.2%+7.3%
Hyster-Yale HYUnited States$509M-24%-11%-1%0.3×32.0%+6.0%
Zhejiang Galaxis Technology 2729.HKHong Kong$518M-74%+26%-4%3.6×n/an/a
Beijing SinoHytec 2402.HKHong Kong$519M-56%+82%-204%10.7×n/an/a
Suzhou Thvow Technology 002564.SZChina$521M-33%-9%4%3.0×27.5%-19.9%
Daiwa 6459.TJapan$507M-19%0%15%0.4×n/an/a
Sinko Industries 6458.TJapan$507M-8%+2%15%1.3×-1.4%+8.7%
Shandong Shuangyi Technology 300690.SZChina$521M-26%+15%15%2.5×10.9%-6.3%
Guangdong Jinma Entertainment 300756.SZChina$521M-59%-8%0%5.0×n/an/a
Shenzhen Jasic Technology 300193.SZChina$506M-17%+21%14%1.4×-0.1%+4.5%
Hefei Taihe Intelligent Technology 603656.SSChina$505M-6%+15%5%4.5×30.5%+5.5%
HNAC Technology 300490.SZChina$525M-57%+79%0%1.2×n/an/a
Fujian Raynen Technology 603933.SSChina$526M-31%+29%3%1.6×n/an/a
Cashway Fintech 603106.SSChina$526M-24%-36%8%10.1×n/an/a
Nomura Micro Science 6254.TJapan$527M-43%-48%11%2.5×22.4%+13.1%
Zhejiang Fengmao Technology 301459.SZChina$500M-13%+4%8%3.9×n/an/a
Genbyte Technology 003028.SZChina$499M-16%+10%1%1.9×-15.9%+6.6%
Nanjing Canatal Data-Centre Environmental Tech 603912.SSChina$529M-38%-18%-19%4.7×n/an/a
BGRIMM Technology 600980.SSChina$499M-25%+13%11%2.0×12.9%+19.1%

Questions

Which companies are IQE's closest peers?
The cockpit's peer set: Nederman (NMAN.ST), Wuxi Chemical Equipment (001332.SZ), Hyster-Yale (HY), Zhejiang Galaxis Technology (2729.HK), Beijing SinoHytec (2402.HK), Suzhou Thvow Technology (002564.SZ), Daiwa (6459.T), Sinko Industries (6458.T).
Is IQE expensive compared with its peers?
On ev / sales it trades at 3.4× against a peer median of 2.2×, 8th most expensive of 21 in its peer set.
How has IQE stock performed?
Over six months to 6 Nov 2026 the shares returned -39.1% against -25.4% for the median peer; over one year +422.8%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.