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Franco-Italian chipmaker selling power/analog and microcontroller semiconductors for autos, industrial and consumer electronics.
Franco-Italian chipmaker selling power/analog and microcontroller semiconductors for autos, industrial and consumer electronics.
Designs chips and makes most of them in its own plants, with front-end fabs in Europe and Singapore, and sells them design win by design win to carmakers and industrial firms, where a part stays in a model for years. The French and Italian governments each hold a stake through a joint holding company. It has been building a large silicon carbide campus in Catania, Sicily.
In one line: A European Texas Instruments/ON Semiconductor.
Moat: narrow (process know-how, customer qualification, scale). Vertically integrated silicon-carbide manufacturing and automotive design-wins, but cyclical and capital intensive.
Headquarters: Geneva, Switzerland · Founded: 1987 · Employees: 49,157
Size STMicroelectronics (STMPA.PA) is a France Information Technology company (Semiconductors) with a market value of $37.7B, the 24th largest of 206 France companies the cockpit tracks. Shares closed at €37.63 on 6 Nov 2026.
Performance Over six months the shares fell 31.8%, against -15.5% for the median peer and -0.4% for the France market (cap-weighted) — 6th lowest of 20 in its peer set.
Growth Revenue grew 10.3% over the last twelve months (peer median +24.4%); the operating margin is 6.8% (peer median 20.6%).
Valuation It trades at 31.4× forward earnings against a peer median of 22.3× (8th most expensive of 19).
Price implies For today's price to make sense, revenue must grow about 34% a year for seven years (Req g). Recent delivered growth is +3%, so the hurdle is +31 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 7.8 points below its cost of capital (11.9% WACC).
Credit STMicroelectronics has 2 bonds outstanding ($1.50B).
Next results Next results expected around 28 Jan 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | €11.8B | €10.5B | €12.3B | €16.0B | €15.3B |
| Revenue growth | — | -15% | -23% | +4% | — |
| Gross profit | €4.16B | €3.57B | €4.84B | €7.67B | €6.97B |
| EBITDA | €2.47B | €1.98B | €3.02B | €5.54B | €5.75B |
| Net income | €450M | €147M | €1.44B | €3.90B | €4.11B |
| Free cash flow | €524M | €36.3M | -€114M | €1.44B | €1.93B |
| Capital expenditure | €1.83B | €1.95B | €2.94B | €4.20B | €3.81B |
| Total debt | €2.82B | €2.09B | €3.06B | €2.87B | €2.41B |
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 |
|---|---|---|---|---|---|---|
| STMicroelectronics STMPA.PA | $37.7B | -32% | +10% | 7% | 31.4× | 34.0% |
| Infineon Technologies IFX.DE | $66.8B | -33% | +6% | 13% | 26.0× | 30.2% |
| NXP Semiconductors NXPI | $62.6B | -15% | +15% | 30% | 14.1× | 16.3% |
| Texas Instruments TXN | $253B | -4% | +20% | 41% | 24.6× | 23.3% |
| ON Semiconductor ON | $24.6B | -39% | +3% | 19% | 14.3× | 20.0% |
| Renesas Electronics 6723.T | $27.9B | -23% | +26% | 24% | 9.9× | 12.2% |
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 | STMPA.PA | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -21.6% | -22.7% | 10th highest of 21 |
| 6-month return | -31.8% | -15.5% | 6th lowest of 20 |
| Distance from 52-week high | -46.9% | -52.7% | 8th highest of 21 |
| Revenue growth (TTM) | +10.3% | +24.4% | 3rd lowest of 20 |
| Operating margin | 6.8% | 20.6% | 3rd lowest of 18 |
| Forward P/E | 31.4× | 22.3× | 8th most expensive of 19 |
| Growth the price implies (Req g, 7 yrs) | 34.0% | 18.2% | 6th most demanding of 13 |
| Growth delivered (Del g) | +3.1% | +7.6% | 4th lowest of 13 |
| Hurdle (Req g minus delivered) | +30.9 pp | +8.6 pp | 3rd most demanding of 13 |
| ROIC minus cost of capital | -7.8 pp | +0.3 pp | 4th lowest of 18 |
| EV / EBITDA | 13.0× | 19.4× | 5th cheapest of 11 |
| Net debt / EBITDA | -0.8× | 0.2× | 4th least indebted of 12 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| STMicroelectronics STMPA.PA | France | $37.7B | -32% | +10% | 7% | 31.4× | 34.0% | +3.1% |
| Coherent COHR | United States | $38.0B | -42% | +23% | 14% | 16.6× | n/a | n/a |
| Nanya Technology 2408.TW | Taiwan | $35.8B | +34% | +586% | 71% | 2.9× | 0.6% | +1.8% |
| United Micro Electronics 2303.TW | Taiwan | $34.9B | +11% | +13% | 21% | 13.7× | 14.2% | +6.1% |
| Astera Labs ALAB | United States | $33.1B | -5% | +115% | 26% | 28.0× | n/a | n/a |
| Microchip Technology MCHP | United States | $31.7B | -41% | +21% | 16% | 14.5× | 34.2% | -2.8% |
| SamsungElecMech 009150.KS | South Korea | $47.2B | +5% | +22% | 12% | 38.7× | 42.8% | +7.9% |
| MetaX Integrated Circuits (Shanghai) 688802.SS | China | $29.5B | -35% | +84% | n/a | 469.5× | n/a | n/a |
| Renesas Electronics 6723.T | Japan | $27.9B | -23% | +26% | 24% | 9.9× | 12.2% | +13.0% |
| Hua Hong Grace Semiconductor 688347.SS | China | $25.5B | +23% | +18% | -2% | 234.7× | n/a | n/a |
| Montage Technology 688008.SS | China | $25.5B | -13% | +33% | 42% | 43.7× | 39.7% | +24.5% |
| Giga Device Semiconductor 603986.SS | China | $25.3B | -23% | +166% | 50% | 10.9× | 16.5% | +15.4% |
| Global Unichip 3443.TW | Taiwan | $25.1B | +29% | +104% | 13% | 50.1× | n/a | n/a |
| Moore Threads Technology 688795.SS | China | $25.1B | -53% | +226% | -9% | n/a | n/a | n/a |
| ON Semiconductor ON | United States | $24.6B | -39% | +3% | 19% | 14.3× | 20.0% | +2.7% |
| Monolithic Power Systems MPWR | United States | $58.1B | -26% | +40% | 30% | 28.3× | 39.6% | +27.0% |
| TE Connectivity TEL | United States | $59.5B | +1% | +15% | 22% | 15.1× | 8.2% | +5.9% |
| Shanghai Enflame Technology 688801.SS | China | $23.8B | n/a | n/a | n/a | n/a | n/a | n/a |
| SJ Semiconductor 688820.SS | China | $22.9B | -21% | +1% | n/a | 136.4× | n/a | n/a |
| NXP Semiconductors NXPI | United States | $62.6B | -15% | +15% | 30% | 14.1× | 16.3% | +7.3% |
| Piotech 688072.SS | China | $21.7B | +23% | +24% | 14% | 55.5× | 43.5% | +71.7% |
STMicroelectronics has 2 bonds outstanding with $1.50B face value.