AlphaValue/Baader Europe Updates Siltronic Model Post-Capital Markets Day

01:24 AM EST, 01/05/2026 (MT Newswires) -- AlphaValue/Baader Europe revised its model for Siltronic (WAF.F) after the German silicon wafer supplier released new financial information during a recent capital markets day event. Analysts on Jan. 2 noted the company narrowed its depreciation cost outlook for full-year 2025 to between 340 million euros and 360 million euros from the previous range of 340 million euros and 400 million euros. As a result, the research firm updated the figure in its model to 350 million euros, against the earlier projection of 375 million euros. "This has resulted in our operating profit coming in slightly higher than had been previously estimated, leading to an increment in EPS for FY 25. EPS for FY 26 has been revised downwards, as we now expect revenue growth of about 4% in FY 26 (9% previously), owing to the current inventory levels at chip manufacturers, and sluggish growth in the power electronics sector," the note said. As such, a loss per share of 1.84 euros is now expected for 2025, from the previous estimate of 2.44 euros loss per share, while the 2026 loss-per-share projection was now at 2.47 euros from the previous loss per share forecast of 1.57 euros. AlphaValue/Baader Europe rates the stock at reduce, with a price target of 43.6 euros.