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).
IQE Office Locations
IQE Financials and Metrics
IQE Financials
| 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 |
| GBP | FY, 2007 | FY, 2008 | FY, 2009 | FY, 2010 | FY, 2011 | FY, 2012 | FY, 2013 | FY, 2014 | FY, 2015 | FY, 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
Revenue | 50.1 m | 60.5 m | 52.7 m | 72.7 m | 75.3 m | 88 m | 126.8 m | 112 m | 114 m | 132.7 m |
Revenue growth, % | 44% | (12%) | 2% | |||||||
Cost of goods sold | 41.8 m | 51.9 m | 41.1 m | 56.1 m | 57.1 m | 69.5 m | 103.7 m | 86 m | 83.4 m | 98 m |
Gross profit | 8.2 m | 8.6 m | 11.6 m | 16.6 m | 18.2 m | 18.5 m | 23.1 m | 26 m | 30.7 m | 34.7 m |
| GBP | FY, 2007 | FY, 2008 | FY, 2009 | FY, 2010 | FY, 2011 | FY, 2012 | FY, 2013 | FY, 2014 | FY, 2015 | FY, 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
Cash | 11 k | 4.2 m | 12.5 m | 3.2 m | 2.8 m | 3.3 m | 5.6 m | 4.6 m | 5 m | |
Accounts Receivable | 7.6 m | 4.3 m | 7.6 m | 9.5 m | 7.2 m | 9.9 m | 9.3 m | 12.8 m | 12.7 m | 14.4 m |
Inventories | 7.6 m | 11.3 m | 10.8 m | 11.6 m | 15.1 m | 18.4 m | 17.7 m | 18.3 m | 21.2 m | 28.5 m |
Current Assets | 18.3 m | 22.9 m | 28.3 m | 40.9 m | 32.7 m | 40.3 m | 43.9 m | 48.3 m | 48.9 m | 64.3 m |
| GBP | FY, 2007 | FY, 2008 | FY, 2009 | FY, 2010 | FY, 2011 | FY, 2012 | FY, 2013 | FY, 2014 | FY, 2015 | FY, 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
Net Income | (862 k) | (1.4 m) | 2.1 m | 7.5 m | 8.4 m | 6.6 m | 6.1 m | 2 m | 20.1 m | 19.4 m |
Cash From Operating Activities | 1.1 m | 6 m | 6.6 m | 9.7 m | 10.3 m | 4.8 m | 10.5 m | 3.1 m | 19.1 m | 20.1 m |
Cash From Financing Activities | 2.9 m | 2 m | 3.4 m | 5.8 m | 950 k | 20.9 m | 36.7 m | (880 k) | (10.2 m) | 9.9 m |
Net Change in Cash | 5.1 m | 83 k | 5.5 m | 8.2 m | (9.3 m) | (443 k) | 568 k | 1.9 m | (1.1 m) | (315 k) |
| GBP | Y, 2016 |
|---|---|
EV/EBITDA | 31.2 x |
EV/EBIT | 47.8 x |
EV/CFO | 49 x |
Financial Leverage | 1.5 x |
