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IQE plc (IQE) Fair Value & Analysis

Technology · GB · Market cap 788M GBX

IP IQE plc IQE · LSE
Price£0.4980
Fair Value£0.2100
Upside-57.8%
Quality48/100
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Evidence: Low Range £0.1500 – £0.2600

Fair value as of: Jun 24, 2026

From 2 valuation models · updated 8 days ago

Share price −24.9% over the past month.

Price vs Fair Value (12 months)

£0.7470 £0.0579 Fair Value £0.2100 Jul 2025 Jul 2026

12‑month range £0.0579 – £0.7470 · fair‑value band £0.1500 – £0.2600 · the £0.4980 price screens above the £0.2100 fair value. As of Jun 24, 2026.

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Analysis

IQE plc (IQE) currently trades at £0.4980, while our model-based Fair Value estimate is £0.2100 — implying the stock looks roughly 57.8% overvalued today. We read business quality at 48/100 (below-average 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: low).

Over the trailing twelve months, IQE plc generated revenue of £97.3M at a net margin of -50.5%. Revenue declined 31.5% year over year. It earns a return on equity of -37.6%. Net debt stands at £76.0M. Fundamentals as of Jun 24, 2026

Key figures & financial health

Revenue (TTM) 97.3M GBX
Revenue growth (YoY) -31.5%
Net margin -50.5%
Return on equity -37.6%
Free cash flow −4.6M GBX FY2025
Operating margin -31.7%
More key figures
EPS (TTM) £-0.0400
Net debt 76.0M GBX FY2025

Figures from reported company fundamentals (EODHD) · as of Jun 24, 2026. TTM = trailing twelve months.

About the company

IQE plc, together with its subsidiaries, develops, manufactures, and sells advanced semiconductor materials. It operates through three segments: Wireless, Photonics, and CMOS++. The company manufactures and sells compound semiconductor materials for the wireless market which includes radio frequency devices for wireless communications, as well as for photonics market, that includes applications that transmit and sense visible and infrared lights. It also provides advanced semiconductor materials related to silicon. The company operates in the United States, rest of the Americas, France, Germany, Israel, the United Kingdom, rest of Europe, the Middle East, Africa, the People's Republic of China, Japan, Taiwan, and rest of the Asia-Pacific. The company was founded in 1988 and is headquartered in Cardiff, the United Kingdom.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

IQE plc reported revenue of £97.3M in FY2025 versus £154M in FY2021, a compound −10.9%/yr. Reported net income was −£36.7M in FY2025.

Revenue −10.9%/yr
FY21 £154M
FY22 £168M
FY23 £115M
FY24 £118M
FY25 £97.3M
Net income
FY21 −£31.0M
FY22 −£74.5M
FY23 −£29.4M
FY24 −£38.2M
FY25 −£36.7M

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Frequently asked questions

Is IQE plc (IQE) undervalued?
As of Jun 24, 2026, our model estimates a fair value of £0.2100 versus a price of £0.4980 — about −58% (overvalued). Model-based estimate, not financial advice.
What is the fair value of IQE?
Our model-based fair value for IQE plc is £0.2100 (as of Jun 24, 2026), built from audited fundamentals. The current price is £0.4980.
What is the quality score of IQE?
IQE plc has a Quality Score of 48/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of IQE plc (IQE)?
IQE plc reported trailing-twelve-month revenue of about £97.3M (latest available figure, as of Jun 24, 2026).
What is the net profit margin of IQE?
The net profit margin of IQE plc is about -50.5%, meaning it is currently running at a net loss. Based on the latest reported figures.

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.

Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.