IQE is the leading global supplier of advanced semiconductor wafers with products that cover a diverse range of applications, supported by an innovative outsourced foundry services portfolio that allows the Group to provide a 'one stop shop' for the wafer needs of the world's leading semiconductor manufacturers. IQE uses advanced crystal growth technology (epitaxy) to manufacture and supply bespoke semiconductor wafers ('epi-wafers') to the major chip manufacturing companies, who then use these wafers to make the chips which form the key components of virtually all high technology systems. IQE is unique in being able to supply wafers using all of the leading crystal growth technology platforms.

IQE's products are found in many leading-edge consumer, communication, computing and industrial applications, including a complete range of wafer products for the wireless industry, such as mobile handsets and wireless infrastructure, Wi-Fi, WiMAX, base stations, GPS, and satellite communications; optical communications, optical storage (CD, DVD), laser optical mouse, laser printers & photocopiers, thermal imagers, leading-edge medical products, barcode, ultra high brightness LEDs, a variety of advanced silicon based systems and high efficiency concentrator photovoltaic (CPV) solar cells.

IQE operates facilities located in Cardiff (UK), Milton Keynes (UK), Bath (UK) Bethlehem (PA, USA), Somerset (NJ, USA), Greensboro (NC, USA), Taunton (MA, USA), Singapore (Asia) and Taiwan (Asia).

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Type
Public
HQ
Saint Mellons, GB
Founded
1988
Size (employees)
475 (est)-2%
Website
iqep.com
IQE was founded in 1988 and is headquartered in Saint Mellons, GB
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IQE Office Locations

IQE has an office in Saint Mellons
Saint Mellons, GB (HQ)
Pascal Cl
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IQE Financials and Metrics

IQE Financials

IQE's revenue was reported to be £132.71 m in FY, 2016
GBP

Revenue (FY, 2016)

132.7 m

Gross profit (FY, 2016)

34.7 m

Gross profit margin (FY, 2016), %

26.2%

Net income (FY, 2016)

19.4 m

EBITDA (FY, 2016)

31.6 m

EBIT (FY, 2016)

20.7 m

Market capitalization (31-Oct-2017)

984.1 m

Closing share price (31-Oct-2017)

1.5

Cash (31-Dec-2016)

5 m

EV

986.8 m
IQE's current market capitalization is £984.1 m.
GBPFY, 2007FY, 2008FY, 2009FY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016

Revenue

50.1 m60.5 m52.7 m72.7 m75.3 m88 m126.8 m112 m114 m132.7 m

Revenue growth, %

44%(12%)2%

Cost of goods sold

41.8 m51.9 m41.1 m56.1 m57.1 m69.5 m103.7 m86 m83.4 m98 m

Gross profit

8.2 m8.6 m11.6 m16.6 m18.2 m18.5 m23.1 m26 m30.7 m34.7 m
GBPFY, 2007FY, 2008FY, 2009FY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016

Net Income

(862 k)(1.4 m)2.1 m7.5 m8.4 m6.6 m6.1 m2 m20.1 m19.4 m

Cash From Operating Activities

1.1 m6 m6.6 m9.7 m10.3 m4.8 m10.5 m3.1 m19.1 m20.1 m

Cash From Financing Activities

2.9 m2 m3.4 m5.8 m950 k20.9 m36.7 m(880 k)(10.2 m)9.9 m

Net Change in Cash

5.1 m83 k5.5 m8.2 m(9.3 m)(443 k)568 k1.9 m(1.1 m)(315 k)
GBPY, 2016

EV/EBITDA

31.2 x

EV/EBIT

47.8 x

EV/CFO

49 x

Financial Leverage

1.5 x
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IQE News and Updates

Apple supplier IQE swaps auditor PwC for KPMG after hedge fund accusations

Apple chip component supplier IQE has today swapped auditors, giving PwC the boot after a short-selling hedge fund accusing the tech company of being an “egregious accounting manipulator”. In a regulatory announcement this morning, IQE said KPMG would audit its 2017 financial year results due to …

Apple supplier IQE hits back at second short seller claims

IQE, a small Welsh tech company which supplies parts for Apple iPhones, has hit back against claims made by a short seller for a second time. The firm was prompted to issue an update to the market after its share price fell 11 per cent on Thursday morning. In it, IQE dismissed claims made by Mudd…

Apple supplier IQE dismisses short seller claims

IQE, a small Welsh firm supplying technology to Apple's iPhones, has dismissed claims by a short seller that it is misrepresenting profits. In an update to the market on Monday morning, IQE said a report published by ShadowFall Capital and Research on Friday in which the allegations were made are…

This tiny Welsh company supplying iPhone chips is set to smash expectations

A tiny Welsh company listed on London's junior market is set to smash trading expectations, as it said in an update this morning that revenues would be no less than £150m for 2017. But shares had contrarily dipped at the time of writing, by more than eight per cent, despite the strong results and…
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