Forecast

Financial forecast

Project revenue, EBITDA, net income and free cash flow for the next 5 or 10 years. Growth starts at the same rate the valuation uses and fades to the long-run rate, with margins held at today's level. Bear and bull cases move growth by the company's own revenue volatility. It is a model of what the assumptions imply, not a prediction.

Infineon Technologies AG (IFX.DE)

Price updated 06 Nov 2026 09:56; TTM through 30 Jun 2026; TTM financials updated 06 Nov 2026 12:43.

Starts from TTM through 30 Jun 2026 financials in EUR and a share price of EUR 47.30. Growth begins at 3.0% a year (capped from 13.5% because the latest annual revenue declined) and fades to 3.0% by year 10. Margins held at EBITDA 24.7%, net 7.8%, free cash flow 10.6% of revenue. Bear and bull move starting growth by 6.0 points and long-run growth by 1 point.

Starting growth was capped from 13.5% to 3.0% because the latest annual revenue declined.
Margins drift toward their 4-year average over 5 years (free cash flow), because today's margin is far above the company's own average.
Year 1 uses analyst consensus revenue growth (22.3%); year 2 is halfway back to the model's own path.
EUR 5.20Model fair value (Free-cash-flow DCF); range EUR 2.92 to EUR 8.94
-89%Fair value vs today's price
HighModel confidence
75%Share of the gap to fair value the price closes by year 5

Confidence: Earnings-based DCF is somewhat apart; trailing-twelve-month data; profit and cash flow steady for 3 years.

-3.6%/yrModel-implied annual total return over 10 years, base case (price plus dividends). Raw model level; the screener shows a calibrated ranking instead
EUR 27.20BRevenue in year 10 (base)
EUR 2.11BNet income in year 10 (base)
EUR 2.31BFree cash flow in year 10 (base)
EUR 0.61Dividend per share in year 10 (base)
EUR 27.44Implied share price in year 10 (base), today EUR 47.30
3.7%Year-10 free cash flow per share vs today's price

Free cash flow over time

EUR 0 EUR 797.21M EUR 1.59B EUR 2.39B EUR 3.19B FY2022 FY2023 FY2024 FY2025 TTM through 30 Jun 2026 +1 +2 +3 +4 +5 +6 +7 +8 +9 +10
Solid: reported Dashed: base projection Shaded: bear to bull range
Free cash flow in year 10 by scenario
CaseStarting growthYear 10Annual growth
Bear 16.3% EUR 1.65B 0.0%
Base 22.3% EUR 2.31B 3.5%
Bull 28.3% EUR 3.19B 6.8%

Base case by year

YearGrowthRevenueEBITDANet incomeFree cash flowEPSFCF / shareDividend / shareBook / shareImplied price
TTM through 30 Jun 2026– EUR 15.59BEUR 3.85BEUR 1.21BEUR 1.65B 0.921.250.3513.2447.30
Year 122.3% EUR 19.06BEUR 4.71BEUR 1.48BEUR 1.93B 1.131.470.4313.9450.12
Year 212.6% EUR 21.47BEUR 5.31BEUR 1.67BEUR 2.09B 1.271.590.4814.7247.75
Year 33.0% EUR 22.12BEUR 5.47BEUR 1.72BEUR 2.06B 1.311.570.5015.5340.23
Year 43.0% EUR 22.78BEUR 5.63BEUR 1.77BEUR 2.03B 1.351.540.5116.3732.21
Year 53.0% EUR 23.46BEUR 5.80BEUR 1.82BEUR 1.99B 1.391.510.5317.2323.67
Year 63.0% EUR 24.17BEUR 5.97BEUR 1.88BEUR 2.05B 1.431.560.5418.1124.38
Year 73.0% EUR 24.89BEUR 6.15BEUR 1.94BEUR 2.11B 1.471.610.5619.0325.11
Year 83.0% EUR 25.64BEUR 6.34BEUR 1.99BEUR 2.18B 1.511.650.5819.9625.86
Year 93.0% EUR 26.41BEUR 6.53BEUR 2.05BEUR 2.24B 1.561.700.5920.9326.64
Year 103.0% EUR 27.20BEUR 6.72BEUR 2.11BEUR 2.31B 1.611.760.6121.9327.44

EPS and free cash flow per share assume today's share count. Dividends assume today's payout ratio and book value grows with retained earnings. The implied share price follows the valuation models and is not a price target; override growth settings do not change the model fair value. Margins stay at today's level except where the notes say they drift toward their average, so it does not model margin expansion, buybacks, acquisitions or recessions. It is for information and education only and is not investment advice. See the methodology for how the growth rate is blended.