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Infineon Technologies AG (IFX) Fair Value & Analysis

Technology · DE · Market cap €93.3B

IT Infineon Technologies AG IFX · XETRA
Price€62.50
Fair Value€16.60
Upside-73.4%
Quality58/100
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Mixed Growth
Thin margins · 7.2% net margin
Low debt · generates free cash flow
0.50% dividend yield
Mixed vs. peers (6/15)
Moderate moat 60/100
Evidence: High Range €9.69 – €26.56 Share as image

Fair value as of: Aug 14, 2026

From 26 valuation models · updated today

Fair value updated Aug 14, 2026, revised from €13.97 to €16.60 (+18.8%) since Jul 15, 2026. Share price −13.0% over the past month.

A solid business, but screening 73% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (€26.56). The favourable scenario is already priced in.
  • The model range is unusually wide (€9.69 to €26.56). The outcome hinges heavily on assumptions, so read the point estimate with caution.
  • Solid but not exceptional quality (58/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (5 years)

€88.00 €20.31 Fair Value €16.60 Jun 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 14, 2026.

How to read this chart

60‑month range €20.31 – €88.00 · fair‑value band €9.69 – €26.56 · the €62.50 price screens above the €16.60 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 14, 2026.

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Analysis

Infineon Technologies AG (IFX) currently trades at €62.50, while our model-based Fair Value estimate is €16.60, implying the stock looks roughly 73.4% overvalued today. The Quality Score stands at 58/100 (solid quality), in the Technology sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, Infineon Technologies AG generated revenue of €15.1B at a net margin of 7.2%. Revenue grew 7.0% year over year. It earns a return on equity of 6.3%. Net debt stands at €5.9B. Fundamentals as of Aug 14, 2026

Our scenario range runs from €9.69 (bear case) to €26.56 (bull case); at €62.50, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 25% below its 52-week high and 104% above its 52-week low, currently above its 200-day average. For context, the median of 10 Technology peers we cover trades at -54% fair-value upside, at -73%, IFX screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
Growth DCF €9.38 €15.90 €25.38 80
Residual Income €10.37 €10.72 €10.86 76
Rev-Margin DCF €9.90 €18.44 €28.44 74
All 26 models by family
DCF Models
FCF DCF €9.21 €16.67 €28.29 38
Owner Earnings €6.67 €12.63 €21.92 31
5Y Revenue Exit €9.90 €18.51 €29.62 39
5Y EBITDA Exit €25.03 €47.23 €73.67 41
5Y P/E Exit €10.56 €19.76 €29.53 38
10Y Revenue Exit €9.09 €16.94 €27.73 36
10Y EBITDA Exit €19.23 €37.04 €61.82 37
10Y P/E Exit €9.95 €17.82 €27.67 35
Earnings-Based
Graham-Dodd €5.31 €17.72 €23.72 54
Lynch FV €4.02 €5.74 €7.46 50
PEG = 1.0 €4.02 €5.74 €7.46 46
EPV €8.80 €10.84 €12.62 59
Dividend Discount
Gordon GGM €3.21 €6.68 €10.60 70
DDM Multi-Stage €3.21 €5.49 €7.02 61
Multiples
P/E Multiple €16.40 €21.87 €27.34 63
P/S Multiple €9.96 €13.28 €16.60 58
P/B Multiple €9.96 €13.28 €16.60 55
EV/EBIT €24.80 €34.20 €43.60 53
EV/EBITDA €37.66 €51.35 €65.04 54
EV/Revenue €10.85 €16.96 €23.07 43
Asset-Based
NCAV (Graham) €6.56 €8.79 €13.12 50
Growth DCF
Growth DCF €9.38 €15.90 €25.38 80
Rev-Margin DCF €9.90 €18.44 €28.44 74
Economic Profit
Residual Income €10.37 €10.72 €10.86 76
ROIC Compounder €8.80 €10.84 €12.62 72
Growth Earnings
Growth-Adj P/E €13.50 €19.28 €25.07 68

Widest divergence: Growth Earnings (€19.28) versus Dividend Discount (€5.49). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) €15.1B
Revenue growth (YoY) +7.0%
Net margin 7.2%
Return on equity 6.3%
Free cash flow €1.4B FY2025
P/E ratio 76.2
More key figures
Operating margin 46.7%
EPS (TTM) €0.8200
Dividend yield 0.5%
EPS growth (YoY) +4.2%
Net debt €5.9B FY2025

Figures from reported company fundamentals · as of Aug 14, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 58/100

Of which business quality 56 · Market factors (momentum, volatility) 58

Profitability 33
Margins and returns on capital today
Quality Growth 28
Are margins and returns improving?
Cashflow 60
Earnings quality: real cash, not paper profit
Fin. Strength 72
Balance sheet, leverage, solvency risk
Investment 66
Disciplined investing over empire-building
Low Volatility 11
Calm price path (market factor)
Momentum 79
Price trend over the last 3–12 months (market factor)
52W Momentum 77
Distance to the 52-week high (market factor)
Net Issuance 81
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Infineon Technologies AG develops, manufactures, and markets semiconductors and semiconductor-based solutions in Germany, Europe, the Middle East, Africa, Mainland China, Hong Kong, Taiwan, the Asia-Pacific, Japan, the United States, and the Americas.

Full company description

Infineon Technologies AG develops, manufactures, and markets semiconductors and semiconductor-based solutions in Germany, Europe, the Middle East, Africa, Mainland China, Hong Kong, Taiwan, the Asia-Pacific, Japan, the United States, and the Americas. The Automotive segment offers automotive and industrial microcontrollers; analog and memory ICs; ethernet; power diodes and modules; power switches; sensors; transceivers; and voltage regulators for assistance and safety systems, comfort electronics, infotainment, powertrain, and security applications. Its Green Industrial Power segment provides discrete and bare die IGBTs; IGBT modules; and SiC discretes and modules for air conditioning technology, energy generation and storage, energy transmission, home appliances, industrial drives, industrial power supplies and vehicles, and traction applications. The Power & Sensor Systems segment offers 3D ToF sensors; chips for gas and pressure sensors, and MEMS microphones; control ICs; customized chips; discrete low-, mid-, and high-voltage power MOSFETs; ESD protection diodes; GaN power switches; GPS low-noise amplifiers; low- and high-voltage driver ICs; radar sensor ICs; RF antenna switches and power transistors; SiC diode and MOSFETs; and USB controllers for audio amplifiers, automotive electronics, BLDC motors, cellular communications infrastructure, charging stations for electric vehicles, human machine interaction, IoT, LED and conventional lighting systems, microinverters, mobile devices, power management, and harsh environment applications. Its Connected Secure Systems segment provides connectivity solutions, embedded security controllers, microcontrollers, and security controllers for authentication, automotive, consumer electronics, government identification document, IoT, mobile communication, payment system, ticketing, access control, and trusted computing applications. The company was founded in 1952 and is headquartered in Neubiberg, Germany.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Infineon Technologies AG reported revenue of €14.7B in FY2025 versus €11.1B in FY2021, a compound +7.3%/yr. Reported net income was €1.0B in FY2025, compounding −3.5%/yr from FY2021.

Growth Quality 78/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
€14.7B
Latest YoY
−2.0%
Avg. growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+1.0%
Avg. growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+11.3%
Avg. growth/yr (27Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+5.8%
Revenue +7.3%/yr
FY21 €11.1B
FY22 €14.2B
FY23 €16.3B
FY24 €15.0B
FY25 €14.7B
Net income −3.5%/yr
FY21 €1.2B
FY22 €2.2B
FY23 €3.1B
FY24 €1.3B
FY25 €1.0B

IFX screens 73% overvalued. Compare with NVIDIA Corporation →

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Cite: Fair Value Calculator (2026). "Infineon Technologies AG Fair Value". https://www.fairvalue-calculator.com/stock/IFX

Recent news

External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection.

Peer Group

Semiconductors · 322 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 58 · Above median
Fair Value upside −73% · Bottom 25%
Return on equity (TTM) 6% · Above median
Return on assets 5% · Above median
Net margin (TTM) 7% · Above median
Operating margin (TTM) 47% · Top 25%
Revenue growth 7% · Below median
Dividend yield (TTM) 0.5% · Below median
Debt / equity 0.34× · Higher than 75% of peers

Valuation Multiples vs Semiconductors median · lower = cheaper

P/E (TTM) 76.2× · Pricier than median
P/B 6.33× · Pricier than 75% of peers
P/S (TTM) 7.14× · Pricier than median
P/FCF 76.2× · Pricier than 75% of peers
EV/EBITDA 28.0× · Pricier than median
PEG 0.63× · Cheaper than 75% of peers

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 0 · sector 0
FUTURE 35 · sector 59
PAST 25 · sector 23
HEALTH 83 · sector 96
DIVIDEND 10 · sector 20

VALUE 0: the price sits above our fair-value range.

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Semiconductors stocks, each showing price versus our Fair Value estimate (as of Aug 14, 2026).

Stock Price Fair Value vs Fair Value
NVIDIA Corporation NVDA $217.50 $98.98 -54%
Taiwan Semiconductor Manufacturing Company TSM $429.15 $291.42 -32%
Broadcom Inc 1AVGO €366.85 €121.25 -67%
Micron Technology, Inc 1MU €802.10 €185.67 -77%
SK hynix Inc 000660 1,504,000 KRW 1,481,291 KRW -2%
Advanced Micro Devices, Inc 1AMD €428.20 €56.33 -87%
Intel Corporation INTC C$54.79 C$11.71 -79%
MediaTek Inc 2454 4,015 TWD 1,559 TWD -61%
SK Square Co 402340 1,024,000 KRW 1,204,862 KRW +18%
GigaDevice Semiconductor Inc 3986 HK$515.00 HK$274.86 -47%

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Frequently asked questions

Is Infineon Technologies AG (IFX) overvalued or undervalued?
As of Aug 14, 2026, our model estimates a fair value of €16.60 versus a price of €62.50, about −73% (overvalued).
What is the fair value of IFX?
Our model-based fair value for Infineon Technologies AG is €16.60 (as of Aug 14, 2026), built from audited fundamentals. The current price is €62.50.
What is the quality score of IFX?
Infineon Technologies AG has a Quality Score of 58/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Infineon Technologies AG (IFX)?
Infineon Technologies AG reported trailing-twelve-month revenue of about €15.1B (latest available figure, as of Aug 14, 2026).
What is the net profit margin of IFX?
The net profit margin of Infineon Technologies AG is about 7.2%, meaning it keeps roughly 7.2% of revenue as net income. Based on the latest reported figures.
Does Infineon Technologies AG pay a dividend?
Infineon Technologies AG currently shows a dividend yield of about 0.44% relative to its recent price (as of Aug 14, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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