Rankings Semiconductors STMicroelectronics

STMicroelectronics

Semiconductors · United StatesRank 148 of 829Prices 2 Nov 2026Model 1.470+ zone

15070100

In the 70+ zone: a score above 70 with more than 20% upside to the median analyst target.

Biggest deductions

Multiples vs own history−15
Margin−5
Cash flow−4

Strengths

Net cash+2
Estimates and guidance+2

How the score is built

From 100 to 78, step by step: points off for the business, the price and the cracks, back for documented strengths, then three data adjustments.

100Start

78Score

Hover or select a step to see what drove it. Steps with findings open them below.

Key numbers

As of 2 Nov 2026. Analyst targets tend to be optimistic; read upside as a hint, not a forecast.

Price: 47.17 USD
Median analyst target: 71.00 USD
Upside to median: +50.5%
Analysts: 14
Target range: 50.00 – 93.00 USD
52-week change: +93%
P/E (trailing): 83.9
Forward P/E: 19.4
PEG: n/a

Findings

Every deduction and every plus, with its source. Open a step to read them.

Business

Is the company getting stronger, not just bigger? · 3 findings−9 of −30

Margin
Operating margin 6.7% TTM (GAAP 5.4% in Q2) vs 26.6–27.5% in 2022–23; gross margin 34.5% vs 47–48%. Management says a gross margin above 40% requires the restructuring to be finished by the end of 2027.
fool.com
−5
ROIC
ROIC is 3.5% vs a WACC of 11.6% and 32–40% in 2022–23.
stockanalysis.com
−3
Moat
Unused capacity in older analog technologies and the start-up of fabs in China cost about 70 bp of gross margin in Q3.
fool.com
−1

Price

Today's multiples against the company's own history and its peers. · 1 finding−15 of −35

Multiples vs own history
Trailing P/E 99.8 (trough earnings), forward 25 (39 on 2026 EPS of $1.35). EV/EBITDA 16.2 is above the whole 5.4–12.7 range in 2021–25, and P/S 3.55 is at the top of 1.7–3.5; P/B 2.6 vs 1.3–4.8; P/FCF 150. The share price has doubled in 2026 ($25.81 → 52.74) before the margin has recovered.
stockanalysis.com
−15

Cracks

Cash flow, customers, debt, insiders, guidance and what sits behind the headline numbers. · 5 findings−12 of −35

Cash flow
FCF is $309m TTM (2.4% margin) vs $1.2–1.7bn in 2021–23. Buybacks ($210m) and dividends ($314m) together exceed FCF.
stockanalysis.com
−4
Customer concentration
SpaceX/Starlink accounts for about 90% of the satellite business (about €1bn).
futurumgroup.com
−2
Execution
Impairments, restructuring and phase-outs cost $58m in Q2. Starting new fabs in China and technology transfer keep the gross margin below 40% in Q4, and the shift to 300 mm/200 mm runs to the end of 2027.
sec.gov
−3
Dilution
The share count is +2.2% in a year (+1.5% q/q) despite buybacks. In June a new $1.5bn convertible came with a conversion price of about $120.
tipranks.com
−1
Macro and cycle
The share price is +88% over 52 weeks. Personal electronics is expected slightly negative (mid-single-digit decline) in H2 because of weak low-end smartphones, and autos and industrials are cyclical.
fool.com
−2

Plus

Only documented strengths. · 2 findings+4 of +15

Net cash
Net financial position of $2.01bn at the end of Q2.
sec.gov
+2
Estimates and guidance
Data-centre revenue is expected above $1bn in 2026 and well above $2bn in 2027 (raised). Q3 is guided at $3.70bn (+16% y/y) and a 37% gross margin (+180 bp q/q); inventory days have fallen from 166 to 126.
sec.gov
+2

Caveats

What the score does not capture, or where the data is weak.

The margin is still at trough level (operating margin 6.7%), and a gross margin above 40% requires the restructuring to be finished by the end of 2027. The price has doubled in 2026 before the recovery is proven, and EV/EBITDA is above the entire 5-year range. The satellite business depends on SpaceX. Q3 results 29/10.