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Sequans Communications SA (SQNS) fair value: what the stock is really worth

As of Nov 6, 2026: fair value (intrinsic value) of Sequans Communications SA stock $4.76, price $2.65, upside +79.6%, quality 16 out of 100. Rating: strongly undervalued. Calculated from audited financials with one of our 26 valuation models and 37 quality factors, updated daily.

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Technology US · Based in France

SC Sequans Communications SA logo Thin data Nov 6, 2026

Sequans Communications SA

SQNS · US
Cheap, value-trap risk

The stock costs 44% less than our calculation considers fair.

Fair value $4.76 · Strongly undervalued
Low debt
Even on cautious assumptions the value is 34% above the price ($3.55).
Mixed vs. peers (4/9)
Quality 16/100
Weak Growth (revenue 5y −11.7 %/yr in USD)
Negative free cash flow
Narrow moat 8/100
Thin data
⟳ Cyclical
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What runs behind every stock

26 valuation models 8 families, DCF to NCAV 37 quality factors margins, balance sheet, cashflow, debt 6 AI factors moat, what no ratio measures 2,000+ data points verified, per stock, median

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

$152.75 $2.41 Fair Value $4.76 Aug 2021 Nov 2026

White line = price, green steps = our fair value per fiscal year. As of Nov 6, 2026.

How to read this chart

60‑month range $2.41 – $152.75 · fair‑value band $3.55 – $7.11 · the $2.65 price screens below the $4.76 fair value. As of Nov 6, 2026.

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Company profile

Sequans Communications S.A., together with its subsidiaries, engages in the fabless design, development, and supply of cellular semiconductor solutions for mass and broadband internet of things markets.

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It offers baseband solutions for use in encoding and decoding data based on 4G and 5G protocols for wireless processing platforms for a cellular device; RF transceivers used to transmit and receive wireless transmissions; highly integrated system-on-chip solutions that combine various functions into a single die or package; and LTE modules.

The company also provides software, including tools to enable manufacturers to integrate solutions into their devices; and design support services.

In addition, it provides AI-connected applications, including smart energy metering, industrial automation, smart mobility and logistics, secure payments, e-health, and smart home solutions. It serves OEMs and ODMs customers, as well as 4G and 5G wireless carriers.

The company operates in China, Taiwan, the rest of Asia, Germany, the United States, and internationally. Sequans Communications S.A. was incorporated in 2003 and is headquartered in Paris, France.

Stock analysis

Sequans Communications SA (SQNS) currently trades at $2.65, while our model-based Fair Value estimate is $4.76, implying the stock looks roughly 44% undervalued today.

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Valuation

How firm this estimate is: it rests on 1 models at a data quality of 96/100, which puts the data coverage at low.

Scenario range: $3.55 (bear) to $7.11 (bull), the price of $2.65 sits below 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 16/100 (below-average quality), in the Technology sector.

Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.

Sequans Communications SA reported revenue of $27.3M in FY2025 versus $50.9M in FY2021, a compound −14.4%/yr. Reported net income was −$103M in FY2025.

Key figures

Market cap $39.7M Micro · P/S ratio 1.56 · EPS (TTM) $−13.70 · Return on equity −430% · Return on assets (EBIT) −0.2% (5-year average) · Operating margin −127% · Revenue (TTM) $23.6M · Revenue growth (YoY) −8.4%.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 8 out of 100 (medium confidence).

What moves the price

The share trades about 61% below its 52-week high and 10% above its 52-week low, currently below its 200-day average.

For context, the median of 10 Technology peers we cover trades at −7% fair-value upside, at 80%, SQNS screens cheaper than that median.

Fair Value models

Bear $3.55 Fair Value $4.76 Bull $7.11
Price $2.65 · Upside +79.6%
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. 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.
Best data coverage
NCAV (Graham) $3.55 $4.76 $7.11 54
All 1 models by family
Asset-Based
NCAV (Graham) $3.55 $4.76 $7.11 54

Open the full fair value analysis →

Quality Score breakdown

Overall quality 16/100

It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.

Profitability 2
How much profit the company makes from its sales and capital
Quality Growth 0
Are margins and returns getting better?
Cashflow 0
Do the profits arrive as real cash?
Financial strength 41
Debt, balance sheet and risk of trouble
Investment 0
Does it invest with discipline instead of growing at any price?
Low Volatility 36
How calm the share price moves, does not count
Price momentum 18
Price momentum of the last 3 to 12 months, does not count
Near the 52-week high 3
Distance to the 52-week high, does not count
New shares 52
Buys back shares or issues new ones?

Open the full quality analysis →

Insider trades

In the last 6 months, no officer or director bought or sold shares on the open market.

  • BuyDaniel Asher10% owner6× since Jan 7, 2026: 223,032 shares, avg. $5.35$1.2MJan 26, 2026

Sales are often planned (taxes, diversification, 10b5-1 plans). Purchases with their own money are seen as the stronger sign. For information only: not part of the quality score or Fair Value.

Source: SEC Form 4, as of Nov 6, 2026. All filings at the SEC ↗

Revenue & earnings trend

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. 0/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−25.9%
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.
−23.3%
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.
−11.7%
Start year 2020 (pandemic). Over 10 years: −1.8% a year
Revenue growth 17 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.
+1.1%
Profit margin (trend) ⓘ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.
−48.6% (2020) → −132.7% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed

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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.Semiconductors · 369 stocks

Beats the industry median on 4/8 measures
A mixed picture versus its industry peers.
Valuation
Quality Score 16 · Bottom 25%
Fair Value upside +79.6% · Top 25%
Profitability
Return on assets −41.3% · Bottom 25%
Operating margin (12 months) −127.1% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY) −8.4% · Bottom 25%
Balance sheet
Debt / equity 0.02× · Below median

Valuation Multiplesvs Semiconductors median · lower = cheaper

P/B 0.31× · Cheapest 25%
P/S (12 months) 1.68× · Cheapest 25%

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)100 · sector 0
FUTURE (revenue growth)0 · sector 100
PAST (return on equity)0 · sector 28
HEALTH (low debt)99 · sector 96
DIVIDEND (yield)0 · sector 21

Context: sector, industry, market

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

Similar stocks

10 more Semiconductors stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value Compare
SK hynix Inc 000660 1,132,000 KRW 1,501,896 KRW +33% vs SQNS
Taiwan Semiconductor Manufacturing Company TSM $375.44 $412.98 +10% vs SQNS
NVIDIA Corporation NVDA $186.64 $198.56 +6% vs SQNS
Broadcom Inc AVGO $293.69 $300.84 +2% vs SQNS
Intel Corporation INTC $56.28 $52.14 −7% vs SQNS
Micron Technology, Inc MU $690.00 $619.48 −10% vs SQNS
Analog Devices, Inc ADI $363.56 $262.04 −28% vs SQNS
Marvell Technology, Inc MRVL $141.20 $87.64 −38% vs SQNS
Advanced Micro Devices, Inc AMD $449.04 $148.02 −67% vs SQNS
Texas Instruments Incorporated TXN $277.36 $81.25 −71% vs SQNS

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Sequans Communications SA: fair value per Fair Value Calculator

Cite: Fair Value Calculator (2026). "Sequans Communications SA Fair Value". https://www.fairvalue-calculator.com/stock/SQNS

Frequently asked questions

Is Sequans Communications SA (SQNS) overvalued or undervalued?
As of Nov 6, 2026, our model estimates a fair value of $4.76 versus a price of $2.65, about +80% upside (undervalued).
What is the fair value of SQNS?
Our model-based fair value for Sequans Communications SA is $4.76 (as of Nov 6, 2026), built from audited fundamentals. The current price: $2.65.
What is the quality score of SQNS?
Sequans Communications SA has a Quality Score of 16/100. 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 Sequans Communications SA (SQNS)?
Our model-based price target is the fair value of $4.76 (as of Nov 6, 2026) from 1 valuation models. Cautious scenario $3.55, optimistic scenario $7.11. It is a calculation from audited fundamentals, not an analyst target.
What is the Sequans Communications SA stock forecast for 2026?
Our models put fair value at $4.76, about +80% upside versus a price of $2.65 (undervalued). Cautious scenario $3.55, optimistic scenario $7.11. The calculation is refreshed regularly with new filings.
What is the revenue of Sequans Communications SA (SQNS)?
Sequans Communications SA reported trailing-twelve-month revenue of about $23.6M (latest available figure, as of Nov 6, 2026).
What is the intrinsic value of Sequans Communications SA (SQNS)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Sequans Communications SA it is $4.76 per share (as of Nov 6, 2026), against a price of $2.65. It is the blended result of 1 valuation models in 1 family (Asset-Based).
Is Sequans Communications SA stock overvalued or undervalued in 2026?
As of Nov 6, 2026, SQNS trades below its calculated fair value: price $2.65, fair value $4.76, a gap of about +80% (undervalued). 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 SQNS?
No. The price is what the market pays today ($2.65); the fair value is what the company's own numbers justify ($4.76). For Sequans Communications SA the two are $2.11 per share apart. That gap is exactly why we show both numbers side by side.
How much is Sequans Communications SA worth?
The market values Sequans Communications SA at about $39.7M (market capitalisation, as of Nov 6, 2026). Per share that is $2.65; our models calculate a fair value of $4.76 per share.
What do the bullish and bearish scenarios say about SQNS?
Our models span a range for Sequans Communications SA: cautious scenario $3.55, base $4.76, optimistic $7.11 per share (as of Nov 6, 2026, price $2.65). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Sequans Communications SA (SQNS)?
Balance-sheet figures for Sequans Communications SA (as of Nov 6, 2026): return on equity −430.5%, debt of 0.02 per unit of equity. They feed the Quality Score of 16/100, which measures business quality independently of the share price.
How far is SQNS from its 52-week high?
Sequans Communications SA trades at $2.65, about 61% below its 52-week high of $6.75 and 10% above the low of $2.41 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of $4.76 is for.
Which stocks are comparable to Sequans Communications SA?
From the same area (Technology) we also value NVIDIA Corporation, Taiwan Semiconductor Manufacturing Company, Broadcom Inc, Micron Technology, Inc, 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 Sequans Communications SA stock attractive at the current price?
The data as of Nov 6, 2026: price $2.65, calculated fair value $4.76 (+80%), Quality Score 16/100, from 1 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 SQNS calculated?
We run Sequans Communications SA through 1 models from 1 family: Asset-Based. Every model gets the same audited fundamentals; the fair value of $4.76 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 13.3% above its aggregate fair value. Sequans Communications SA currently trades 44% below its own fair value, and the market average says nothing about that. 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 Sequans Communications SA (SQNS)?
The closing price on Nov 6, 2026 was $2.65. Our model-based fair value is $4.76, about +80% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Sequans Communications SA right now?
The large discount to fair value meets weak quality (16/100). That raises the risk this is a value trap rather than a bargain. The price is below even our cautious bear case ($3.55). The market is more pessimistic than our downside scenario. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. A fairly wide model range ($3.55 to $7.11) leaves room in how you read the outcome.

Key figures of Sequans Communications SA

How large is the market capitalisation of Sequans Communications SA (SQNS)?
The market capitalisation of Sequans Communications SA is $39.7M. 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 Sequans Communications SA (SQNS)?
The price-to-sales ratio of Sequans Communications SA is 1.56 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Sequans Communications SA (SQNS)?
Earnings per share at Sequans Communications SA are $−13.70. Earnings per share over the last twelve months: total profit spread across every single share.
What is the return on equity of Sequans Communications SA (SQNS)?
The return on equity (ROE) of Sequans Communications SA is −430% (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 Sequans Communications SA (SQNS)?
On an EBIT basis the return on assets of Sequans Communications SA is −0.2% (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 Sequans Communications SA (SQNS)?
The operating margin of Sequans Communications SA is −127% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Sequans Communications SA (SQNS)?
Revenue at Sequans Communications SA is growing −8.4% versus a year earlier (3y avg −23.3%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How much free cash flow does Sequans Communications SA (SQNS) generate?
The free cash flow of Sequans Communications SA is −$28.9M (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Sequans Communications SA (SQNS) carry?
The net debt of Sequans Communications SA is $56.7M (fiscal year 2025). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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