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NXP Semiconductors N.V. (NXPI)

POSITIVE
TechnologySemiconductorsNetherlands

Fondamental

72

Prix

$222.24

Capitalisation boursière

$56.09B

Partie 1 · Ce que vaut l'entreprise

Vue d'ensemble

NXP designs semiconductors that let machines sense, connect and make decisions — chips embedded inside cars, factory equipment, phones and payment terminals rather than sold to consumers directly. Like many chip designers it uses a mix of its own factories and external foundries to manufacture what it designs. Automotive is by far its largest market: NXP supplies chips that manage a car's battery, run its dashboard displays, and let it talk to other vehicles and infrastructure.

Comment l'entreprise gagne de l'argent

NXP books revenue when a chip ships to a carmaker, an industrial equipment maker, or a distributor who resells to smaller customers — there is no subscription component. Its chips are typically designed into a specific car model or industrial product years before mass production starts, so a design win locks in years of predictable volume once the product launches, but also means today's revenue reflects decisions engineers made long ago rather than orders placed today.

Chiffre d'affaires par segment

Automotive58%

Chips for battery management, infotainment, driver-assistance and vehicle-to-vehicle communication — by far the largest and the main growth driver.

Industrial & IoT18.5%

Chips for factory automation, smart metering and connected devices outside the automotive and mobile world.

Mobile12.9%

Chips for secure payments and device authentication embedded in smartphones and wearables.

Communication Infrastructure & Other10.6%

Chips for network base stations and other communications equipment, plus revenue that does not fit the other three markets.

Avantage concurrentiel

Coûts de changement · Étroit

A chip designed into a car model stays there for the years that model is in production, because re-qualifying a different supplier's part means retesting the whole electrical system. That gives NXP predictable revenue on won designs, but every new vehicle platform is a fresh competition against Infineon, STMicroelectronics and Texas Instruments, so the advantage resets with each product generation rather than compounding.

Ce qui stimule la demande

Cyclique

Demand tracks global vehicle and industrial production, both of which swing with the broader economy, and the semiconductor industry has its own separate inventory cycle on top: customers overorder when chips are scarce and underorder to work down stock when supply catches up, amplifying swings that have nothing to do with how many cars are actually being driven.

Principaux risques

  • Cyclical semiconductor demand — Automotive and industrial chip demand swings with the broader economy and with customers' own inventory cycles, which have produced sharp order swings in the past.
  • Dependence on external and owned foundries — NXP relies partly on third-party foundries for manufacturing capacity; a shortage or disruption at a key supplier can delay shipments it cannot quickly make up elsewhere.
  • Long automotive design cycles cut both ways — Winning a design today does not generate revenue for years, and losing one means years without that customer; NXP cannot quickly adjust to a design loss once a vehicle platform is set.
  • Geopolitical and export exposure — A global manufacturing footprint and sales into China expose NXP to export controls, tariffs and trade tensions between the US, Europe and China that can change with little notice.

Concentration des clients

No single customer accounted for 10% or more of 2025 revenue, and NXP states its top 20 customers together made up less than 45% of revenue — a broad base by chip-industry standards.

Les arguments en faveur

Buyers argue that vehicles keep adding more chips per car as electrification and driver-assistance features spread, that NXP's broad, unconcentrated customer base cushions any single loss, and that automotive design wins provide years of visible, contracted-in-practice revenue once production starts.

Les arguments contre

Sellers fear that a slowdown in global auto and industrial production hits NXP directly, that the semiconductor inventory cycle can turn an order backlog into a glut within a few quarters, and that trade restrictions between major economies could cut off a meaningful part of its manufacturing or sales base.

Written by the editors, published on 18 août 2026

Direct competitors

Who this company fights with for the same customers

No editorial profile for this company yet

No competitor list for this company yet.

Bilan & Liquidités

Chiffre d'affaires

$12.62B

12 derniers mois (au 29/03/2026)

Résultat net

$2.65B

12 derniers mois (au 29/03/2026)

Flux de trésorerie libre

$2.42B

Capitaux propres totaux

$10.06B

Passif total

$16.11B

Ratio de liquidité général

2.24

Couverture des intérêts

8.08

Dette/EBITDA

3.54

Bénéfice par action

Chiffre d'affaires & Résultat net

Flux de trésorerie libre

Décomposition du résultat

État historique

Marges dans le temps

La dette dans le temps

Le poids de la dette

Grille de la croissance

Croissance — Chiffre d'affaires

Estimation de la juste valeur

Sous-évalué

Juste valeur

$299.48

Prix actuel

$222.24

Marge de sécurité

+25.8%

Fourchette de juste valeur

$194.66 - $404.29

Méthodes d'estimation

Analyst Target:$311.10
DCF:$379.63
PE-based:$172.30
Graham Growth:$603.86
EPV:$89.65
Consensus des analystes:Achat fort (28B / 7H / 1S)
Dernière surprise sur les résultats:+1.61%

Indicateurs de valorisation

Ratio P/E

21.27

ROE

20.1%

Ratio P/B

5.14

P/FCF

20.72

Marge brute

55.0%

ROIC

12.9%

Radar de rentabilité

Value Creation (Economic Moat)

ROIC

12.9%

WACC

12.3%

ROIC − WACC

+0.5 pp

ROIC is roughly in line with the cost of capital — the company is barely covering its capital cost.

Critères d'analyse fondamentale

Réussi (21)

  • EPS shows upward trend
  • Price CAGR 8.69%
  • ROIC 12.9%
  • Gross Margin 55.0%
  • P/FCF 20.72
  • Debt/Equity ratio
  • Operating Margin 30.4%
  • Positive Free Cash Flow
  • CapEx intensity
  • Current Ratio
  • Interest Coverage
  • Debt/EBITDA
  • Return on Tangible Assets
  • ROE 28.1%
  • Revenue Growth 5Y 7.3%
  • Analyst Consensus 78% Buy
  • PEG Ratio 0.17
  • Earnings Quality (OCF/NI) 1.15
  • Share Dilution -1.5%
  • Net Margin Trend 21.0% vs 19.2%
  • Piotroski F-Score 5/9

Échoué (5)

  • P/B Ratio 5.14
  • Low reliance on intangibles
  • Price below Graham Number
  • DCF valuation (Overvalued)
  • Earnings Surprise avg 0.3%

Indisponible (1)

  • Dividend Payout NaN%

Score F de Piotroski

5/9

Signaux mixtes : certains domaines nécessitent attention

score
criteria

Qualité des bénéfices

1.15

Qualité élevée : bénéfices soutenus par la trésorerie

Dilution du capital

-1.5%

Rachat d'actions. Favorable aux actionnaires

Gouvernance

Équipe dirigeante

NomTitreÂge
Mr. Rafael SotomayorCEO, President & Executive Director56
Mr. William J. BetzExecutive VP & CFO48
Mr. Andrew J. MicallefExecutive VP & Chief Operations and Manufacturing Officer60
Mr. Christopher L. JensenExecutive VP & Chief Human Resources Officer56
Ms. Jennifer B. WuamettExecutive VP & Chief Sustainability Officer60
Mr. Lars Reger M.B.A.Executive VP & CTO55
Mr. Michael C. LucarelliSenior Vice President of Investor Relations-
Mr. Michael HoffmannSenior VP, Chief Commercial Counsel & General Counsel-
Mr. Andrew HardyExecutive VP & Chief Sales Officer48
Mr. Jeff PalmerAdvisor-

Risque d'audit

2

Risque du conseil

2

Risque de rémunération

2

Risque droits des actionnaires

4

Partie 2 · Le prix et le moment d'entrer

Cette partie ne dit pas si l'entreprise vaut la peine : elle aide à choisir quand l'acheter, une fois que les fondamentaux vous ont convaincu. À l'intérieur : analyse technique, potentiel, baisses historiques, exposition gamma.

Latest News

Recent headlines for NXPI, sourced from Markets Gazette.

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