AIXTRON SE (AIXA) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of AIXTRON SE stock €20.49, price €30.41, that is 32.6% below the price, quality 68 out of 100. Rating: overvalued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 8, 2026.
How to read this chart
60‑month range €9.07 – €60.42 · fair‑value band €15.59 – €25.39 · the €30.41 price screens above the €20.49 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 8, 2026.
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AIXTRON SE, together with its subsidiaries, manufactures and sells deposition equipment to the semiconductor industry in Asia, Europe, and the United States.
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The company offers G10-SiC, G10-GaN, G10-AsP, AIX G5+ C, Closed Coupled Showerhead systems for research and development, AIX 2800G4-TM, and AIX G5 WW C. It also develops, produces, and installs equipment for the deposition of semiconductor materials; and offers deposition processes, consulting, training, customer support, and other related services, as well as peripheral equipment and services to support the operation of its systems.
In addition, the company engages in supplying deposition equipment for volume production; and research and development and pre-series production activities. Its products are used in laser, LED, display technologies, optical data transmission, SiC and GaN power electronics, and other applications.
AIXTRON SE was founded in 1983 and is headquartered in Herzogenrath, Germany.
Stock analysis
AIXTRON SE (AIXA) currently trades at €30.41, while our model-based Fair Value estimate is €20.49, 33% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Growth DCF group reads highest at a median of €23.02 per share, and 0 of the 26 models we run sit above the €30.41 price.
Bear case: the Dividend Discount group reads lowest at €2.57, and 26 of the 26 models stay below the price. Data coverage for this calculation is high.
Scenario range: €15.59 (bear) to €25.39 (bull), the price of €30.41 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 68/100 (solid quality), in the Technology sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
AIXTRON SE reported revenue of €557M in FY2025 versus €429M in FY2021, a compound +6.7%/yr. Reported net income was €85.2M in FY2025, compounding −2.8%/yr from FY2021.
Key figures
Market cap €3.4B Mid · P/E ratio 58.5 · P/S ratio 8.96 · EPS (TTM) €0.5200 · Dividend yield 0.5% · Net margin 15.3% · Return on equity 8.5% · Return on assets (EBIT) 12.4% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 66 out of 100 (low confidence).
What moves the price
The share trades about 50% below its 52-week high and 87% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Technology peers we cover trades at −2% fair-value upside, at −33%, AIXA screens richer than that median.
Fair Value models
Bear€15.59Fair Value €20.49Bull€25.39
Price €30.41 · Downside -32.6%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (€0.3163 per share) are deliberately not added.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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.81/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
−12.1%
Revenue growth 3 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+6.3%
Revenue growth 5 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+15.6%
Start year 2020 (pandemic). Over 10 years: +10.9% a year
Revenue growth 24 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+3.6%
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What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
+19.9%
Earnings growth per share plus dividend.
Earnings per share, growth per year+19.4%
Dividend (yield on the price)0.5%
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.13% → 17%
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far and less than analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+5.5%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+32.4%
Yearly sales growth analysts expect, extended to five years.
After inflation (euro area: IMF forecast 2.2% a year to 2030, 2.6% from 2016 to 2025) that is about +3.2% a year for the price and +29.5% for the forecasts.
News mood ⓘNews mood, the average tone of recent news (72 articles), rated against how stocks are usually covered. 🚀 Hype = unusually upbeat · 🙂 Positive = above average · 😐 Neutral = typical · 🙁 Negative = below average · 😨 Very negative = unusually downbeat. It reflects the tone of coverage, not our valuation.Positive
Recent news coverage is more positive than average.
AI conclusion: Zero debt and positive cash flow provide stability while order intake doubled in AI optoelectronics, yet sparse evidence leaves any durable competitive advantage unclear.
Main risk: Doubts about sustained AI spending could cut demand for its optoelectronics equipment and reduce revenue growth.
AIXTRON saw order intake more than double year-over-year in Q3, driven by optoelectronics equipment for AI data-center lasers and an emerging recovery in power electronics. The market responded with a sector-wide de-rating over doubts about sustained AI spending, even as the company left full-year guidance unchanged despite the beat. Does the concrete, application-specific demand already booked outweigh those cycle concerns, or will valuation multiples stay compressed?
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Peer Groupⓘ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.Semiconductor Equipment & Materials · 235 stocks
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "AIXTRON SE Fair Value". https://www.fairvalue-calculator.com/stock/AIXA
Frequently asked questions
Is AIXTRON SE (AIXA) overvalued or undervalued?
As of Nov 8, 2026, our model estimates a fair value of €20.49 versus a price of €30.41, about 33% lower (overvalued).
What is the fair value of AIXA?
Our model-based fair value for AIXTRON SE is €20.49 (as of Nov 8, 2026), built from audited fundamentals. The current price: €30.41.
What is the quality score of AIXA?
AIXTRON SE has a Quality Score of 68/100. 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 price target for AIXTRON SE (AIXA)?
Our model-based price target is the fair value of €20.49 (as of Nov 8, 2026) from 26 valuation models. Cautious scenario €15.59, optimistic scenario €25.39. It is a calculation from audited fundamentals, not an analyst target.
What is the AIXTRON SE stock forecast for 2026?
Our models put fair value at €20.49, about 33% lower versus a price of €30.41 (overvalued). Cautious scenario €15.59, optimistic scenario €25.39. The calculation is refreshed regularly with new filings.
What is the revenue of AIXTRON SE (AIXA)?
AIXTRON SE reported trailing-twelve-month revenue of about €545M (latest available figure, as of Nov 8, 2026).
Does AIXTRON SE pay a dividend?
AIXTRON SE currently shows a dividend yield of 0.49% relative to its recent price (as of Nov 8, 2026).
How much is the dividend of AIXTRON SE (AIXA) and when is the ex-dividend date?
AIXTRON SE pays a dividend of €0.15 per share a year, a dividend yield of 0.5%. The last ex-dividend date was May 14, 2026. A dividend has been paid every year since 2021. The payout ratio is 28.8% of earnings. Free cash flow covers the dividend 10.72 times. Our assessment: Well covered. A low payout and the dividend is fully funded by free cash flow, a comfortable, sustainable dividend.
What growth is priced into AIXTRON SE (AIXA)?
For today's price to be fair in a discounted-cash-flow model, AIXTRON SE would have to grow free cash flow by +5.5 % per year for five years (discount rate 9.1 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +15.6 % per year. As of Nov 8, 2026.
What discount rate (WACC) does the fair value of AIXA use?
Our models discount AIXTRON SE at 9.1 %: a base by market capitalisation (mid), damped by beta 0.81, country premium for Germany. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For AIXTRON SE that is +5.5 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (9.1 %) and the same formula as our fair value.
How much growth has AIXTRON SE (AIXA) delivered so far?
Over the past 5 years revenue at AIXTRON SE grew +15.6 % a year. The price currently implies free-cash-flow growth of +5.5 % per year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of AIXTRON SE (AIXA) growing?
The median revenue growth in the sector is +11.5 % a year. That is the yardstick for the growth priced into AIXTRON SE (+5.5 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of AIXTRON SE (AIXA)?
The free-cash-flow yield on the price is 5.31 %: that much free cash flow AIXTRON SE produces per unit of market value. When it exceeds the discount rate of our models (9.1 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of AIXTRON SE (AIXA)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For AIXTRON SE it is €20.49 per share (as of Nov 8, 2026), against a price of €30.41. It is the blended result of 26 valuation models in 8 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is AIXTRON SE stock overvalued or undervalued in 2026?
As of Nov 8, 2026, AIXA trades above its calculated fair value: price €30.41, fair value €20.49, a gap of about −33% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of AIXA?
No. The price is what the market pays today (€30.41); the fair value is what the company's own numbers justify (€20.49). For AIXTRON SE the two are €9.92 per share apart. That gap is exactly why we show both numbers side by side.
How much is AIXTRON SE worth?
The market values AIXTRON SE at about €3.4B (market capitalisation, as of Nov 8, 2026). Per share that is €30.41; our models calculate a fair value of €20.49 per share.
What do the bullish and bearish scenarios say about AIXA?
Our models span a range for AIXTRON SE: cautious scenario €15.59, base €20.49, optimistic €25.39 per share (as of Nov 8, 2026, price €30.41). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of AIXA?
AIXTRON SE trades at a price-to-earnings ratio of 58.5 (as of Nov 8, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of €20.49 is built from several models across several years. Median P/E at fiscal year-end, 9 fiscal years (2017 to 2025), reported earnings, FY2025 ex one-offs: 29.1. Other multiples: PEG 2.1, P/B 4.2, P/S 7.0, EV/EBITDA 27.9.
What is the PEG ratio of AIXA?
The PEG ratio of AIXTRON SE is 2.08 (P/E divided by earnings growth, as of Nov 8, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of AIXTRON SE (AIXA)?
Balance-sheet figures for AIXTRON SE (as of Nov 8, 2026): return on equity 8.5%. They feed the Quality Score of 68/100, which measures business quality independently of the share price.
How far is AIXA from its 52-week high?
AIXTRON SE trades at €30.41, about 50% below its 52-week high of €60.42 and 87% above the low of €16.27 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of €20.49 is for.
Which stocks are comparable to AIXTRON SE?
From the same area (Technology) we also value ASML Holding, Applied Materials, Inc, Lam Research Corporation, KLA Corporation, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is AIXTRON SE stock attractive at the current price?
The data as of Nov 8, 2026: price €30.41, calculated fair value €20.49 (−33%), Quality Score 68/100, from 26 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of AIXA calculated?
We run AIXTRON SE through 26 models from 8 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of €20.49 builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.0% above its aggregate fair value. AIXTRON SE itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of AIXTRON SE (AIXA)?
The closing price on Nov 6, 2026 was €30.41. Our model-based fair value is €20.49, about 33% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with AIXTRON SE right now?
The price sits above even our optimistic bull case (€25.39). The favourable scenario is already priced in. Solid but not exceptional quality (68/100) and above fair value, neither a clear bargain nor a standout compounder.
Key figures of AIXTRON SE
How large is the market capitalisation of AIXTRON SE (AIXA)?
The market capitalisation of AIXTRON SE is €3.4B. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of AIXTRON SE (AIXA)?
The price-to-sales ratio of AIXTRON SE is 8.96 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of AIXTRON SE (AIXA)?
Earnings per share at AIXTRON SE are €0.5200 (price ÷ EPS = P/E 58.5). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of AIXTRON SE (AIXA)?
The dividend yield of AIXTRON SE is 0.5% (payout 28.8%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of AIXTRON SE (AIXA)?
The net margin of AIXTRON SE is 15.3% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of AIXTRON SE (AIXA)?
The return on equity (ROE) of AIXTRON SE is 8.5% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of AIXTRON SE (AIXA)?
On an EBIT basis the return on assets of AIXTRON SE is 12.4% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of AIXTRON SE (AIXA)?
The operating margin of AIXTRON SE is 30.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at AIXTRON SE (AIXA)?
Revenue at AIXTRON SE is growing +53.6% versus a year earlier (3y avg +6.3%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at AIXTRON SE (AIXA)?
Earnings per share at AIXTRON SE are growing +182% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does AIXTRON SE (AIXA) hold?
AIXTRON SE holds more cash than debt, €101M net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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Broad data
Nov 8, 2026