Icape Holding SA
Icape Holding SA is a semiconductor company that designs and develops analog and mixed-signal integrated circuits for industrial, automotive, and consumer applications.
Business. Icape Holding SA (ALICA.PA) is a semiconductor company operating within the Technology Equipment sector. The firm engages in the design and sale of semiconductor products. Specific details regarding its operating segments, headquarters location, and primary stock exchange listing are not provided in the available data.
Analyst recommendations
2 analysts · consensus SellAt a glance
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- Peers
- EarningsQ2 2026 earnings (expected)2026-07-23 · estimated · Intel (INTC)
- EarningsQ2 2026 earnings (expected)2026-08-26 · estimated · NVIDIA (NVDA)
- EarningsQ3 2026 earnings (expected)2026-09-28 · estimated · Broadcom (AVGO)
- Macro
- Rate decisionReserve Bank of Australia rate decision (press conf.)2026-07-08 · AU
- Rate decisionBank of Canada rate decision (press conf.)2026-07-15 · CA
- Rate decisionEuropean Central Bank rate decision (press conf.)2026-07-16 · EU
- Rate decisionBank of Japan rate decision (press conf.)2026-07-16 · JP
- Rate decisionFederal Reserve rate decision (press conf.)2026-07-29 · US
- Rate decisionBank of England rate decision (press conf.)2026-08-06 · GB
- Macro & political
- ElectionSE Swedish Election2026-09-14 · SE
- ElectionUS U.S. Midterms2026-11-03 · US
- ElectionFR French Legislative2027-06-01 · FR
Pre-earnings brief
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Composite-score breakdown
Synthesis
Icape Holding SA (ALICA.PA) is a semiconductor company operating within the Technology Equipment sector. The firm engages in the design and sale of semiconductor products. Specific details regarding its operating segments, headquarters location, and primary stock exchange listing are not provided in the available data.
### Capital Structure and Liquidity Icape Holding SA has a debt-to-equity ratio of 2.06, indicating a relatively high leverage position. The company holds €17.9 million in cash and equivalents but has €53.4 million in long-term debt, resulting in a net cash position that is negative after subtracting total debt. The current ratio of 0.9 suggests the company has limited short-term liquidity, with current liabilities exceeding current assets. Free cash flow of €6.5 million and operating cash flow of €8.1 million provide some near-term liquidity support.
### Profitability and Returns The company reported a net loss of €369,000 and an operating income of €5.9 million for the latest period. Return on equity (ROE) is negative at -1.42%, and return on assets (ROA) is also negative at -0.25%. Gross profit of €67.6 million represents 33.8% of revenue, which is in line with industry norms for analog semiconductor firms. However, the net loss and weak ROE suggest operational inefficiencies or margin compression.
### Segments and Geographic Exposure Icape Holding SA operates in a single business segment focused on analog and mixed-signal ICs. The company's revenue is concentrated in industrial, automotive, and consumer markets, with no disclosed geographic breakdown. This lack of geographic diversification may expose the company to regional economic or regulatory risks.
### Growth Trajectory The company's revenue for the latest period was €200.3 million. Analysts have provided a mean price target of €5.90, with a median of €5.90 and a range from €5.00 to €6.80. The mean recommendation is a "Hold" (4.00), with no strong buy or buy ratings. The absence of strong buy ratings and the current net loss suggest limited near-term growth expectations.
### Risk Factors The company faces medium liquidity risk due to its current ratio of 0.9 and negative net cash position. Dilution risk is assessed as low, with no near-term pressure from share issuance. The net loss and weak ROE indicate operational and margin risks, while the high debt-to-equity ratio suggests financial leverage risk.
### Recent Events No recent filings or transcripts have been disclosed that would indicate significant operational or strategic changes.
- Icape Holding SA has a high debt-to-equity ratio (2.06) and limited short-term liquidity (current ratio of 0.9).
- The company reported a net loss of €369,000 and negative ROE (-1.42%), indicating operational inefficiencies.
- Revenue of €200.3 million is supported by a gross margin of 33.8%, but the net loss suggests margin compression.
- Analysts have assigned a "Hold" rating with a mean price target of €5.90, reflecting limited growth expectations.
- The company operates in a single business segment with no disclosed geographic diversification, increasing exposure to regional risks.
Bull / Bear case
Generated · model-assistedIn focus — financials by report
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Predictor forecast
| Metric | Our forecast | Guidance | Consensus |
|---|---|---|---|
| EPS | —no estimate | —no estimate | 0,79 |
| Revenue | —no estimate | —no estimate | 227,2M EUR |
| Operating income | —no estimate | —no estimate | 12,2M EUR |
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sell-side coverageEstimate revisions
consensus EPS · 26-week trendSell-side observations
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Risk factors
- Net cash is negative after subtracting total debt.
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- Icape Holding SA Market data — financials · 2026-05-27
- Icape Holding SA Market data — analyst estimates · 2026-05-27