| Nov 25 | Feb 26 | May 26 | Aug 26 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Buy | — | — | — | — | — | — | — | — | — | — | — | — |
| Sell | — | — | — | — | — | — | — | — | — | — | — | — |
| total | individual payouts | |
|---|---|---|
| 2028 | ‡‡‡‡‡ |
|
| 2027 | 0.26 |
—
|
| 2026 | 0.25 |
—
—
—
—
|
| 2025 | 0.24 |
—
—
—
—
|
| 2024 | 0.33 |
—
—
—
—
|
| 2023 | 0.24 |
—
—
—
—
|
| 2022 | 0.29 |
—
—
—
—
—
|
| 2021 | 0.22 |
—
—
—
—
|
| 2020 | 0.19 |
—
—
—
—
|
| 2019 | 0.24 |
—
—
—
—
|
| 2018 | 0.24 |
—
—
—
—
|
| 2017 | 0.24 |
—
—
—
—
|
| 2016 | 0.28 |
—
—
—
—
|
| 2023 | 2024 | 2025 | Q'26 | |
|---|---|---|---|---|
| Cash | 6,083.00 | 6,184.00 | 4,922.00 | 6,032.00 |
| Receivables | 1,731.00 | 1,749.00 | 1,745.00 | 2,067.00 |
| Inventory | 2,698.00 | 2,794.00 | 3,136.00 | 3,188.00 |
| Other | 1,295.00 | 1,007.00 | 1,468.00 | 1,410.00 |
| 11,807.00 | 11,734.00 | 11,271.00 | 12,697.00 |
| 2023 | 2024 | 2025 | Q'26 | |
|---|---|---|---|---|
| Payables | 1,856.00 | 1,323.00 | 1,487.00 | 1,774.00 |
| ST’ Debt | 217.00 | 990.00 | 298.00 | 1,063.00 |
| Other | — | — | — | — |
| 3,730.00 | 3,773.00 | 3,351.00 | 4,570.00 |
| 10y | 5y | 3y | |
| Sales | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
| Cash Flow | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
| Earnings | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
| Book Value | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
| Mar | Jun | Sep | Dec | Year | |
|---|---|---|---|---|---|
| ’26 | 3,095.00 | 3,487.00 | — | — |
—
|
| ’25 | 2,517.00 | 2,766.00 | 3,187.00 | 3,330.00 |
11,800.00
|
| ’24 | 3,465.00 | 3,232.00 | 3,251.00 | 3,321.00 |
13,269.00
|
| ’23 | 4,247.00 | 4,326.00 | 4,431.00 | 4,282.00 |
17,286.00
|
| ’22 | 3,546.00 | 3,837.00 | 4,321.00 | 4,424.00 |
16,128.00
|
| ’21 | 3,016.00 | 2,992.00 | 3,197.00 | 3,556.00 |
12,761.00
|
| ’20 | 2,231.00 | 2,087.00 | 2,666.00 | 3,235.00 |
10,219.00
|
| Mar | Jun | Sep | Dec | Year | |
|---|---|---|---|---|---|
| ’26 | 534.00 | 502.00 | — | — |
—
|
| ’25 | 574.00 | 354.00 | 550.00 | 674.00 |
2,152.00
|
| ’24 | 859.00 | 702.00 | 723.00 | 681.00 |
2,965.00
|
| ’23 | 1,320.00 | 1,311.00 | 1,881.00 | 1,480.00 |
5,992.00
|
| ’22 | 945.00 | 1,057.00 | 1,651.00 | 1,549.00 |
5,202.00
|
| ’21 | 682.00 | 603.00 | 894.00 | 881.00 |
3,060.00
|
| ’20 | 399.00 | 387.00 | 385.00 | 922.00 |
2,093.00
|
| Mar | Jun | Sep | Dec | Year | |
|---|---|---|---|---|---|
| ’26 | (29.00) | 18.00 | — | — |
—
|
| ’25 | (25.00) | (257.00) | 103.00 | 136.00 |
(43.00)
|
| ’24 | (310.00) | (2.00) | 36.00 | 65.00 |
(211.00)
|
| ’23 | 202.00 | 185.00 | 700.00 | 377.00 |
1,464.00
|
| ’22 | 82.00 | 226.00 | 675.00 | 587.00 |
1,570.00
|
| ’21 | 259.00 | 140.00 | 424.00 | 312.00 |
1,135.00
|
| ’20 | 113.00 | 59.00 | 50.00 | 517.00 |
739.00
|
| Mar | Jun | Sep | Dec | Year | |
|---|---|---|---|---|---|
| ’26 | 0.04 | 0.24 | — | — |
—
|
| ’25 | 0.06 | (0.11) | 0.26 | (0.03) |
0.18
|
| ’24 | 0.54 | 0.38 | 0.37 | 0.37 |
1.66
|
| ’23 | 1.10 | 1.06 | 1.16 | 1.14 |
4.46
|
| ’22 | 0.79 | 0.92 | 1.16 | 1.32 |
4.19
|
| ’21 | 0.39 | 0.44 | 0.51 | 0.82 |
2.16
|
| ’20 | 0.21 | 0.10 | 0.26 | 0.63 |
1.20
|
| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡ | 28.35 | 35.20 | 23.96 | 17.25 | — | — | — |
Low Price
|
| ‡‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 51.52 | 55.85 | 49.05 | 33.47 | — | — | — |
High Price
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 51,370 | 51,323 | 49,602 | 49,157 | — | — | — |
Employees
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 0.31 | 0.34 | 0.27 | 0.24 | — | — | — |
Revenue/Emp
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 16,128.00 | 17,286.00 | 13,269.00 | 11,800.00 | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Revenue
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 47.34% | 47.94% | 39.34% | 33.89% | — | — | — |
Gross Margin
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 4,486.00 | 4,763.00 | 1,878.00 | 400.00 | — | — | — |
EBT
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 27.81% | 27.55% | 14.15% | 3.39% | ‡‡‡ | ‡‡‡ | ‡‡‡ |
EBT Margin
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 3,966.00 | 4,222.00 | 1,565.00 | 180.00 | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Net Income
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 1,216.00 | 1,562.00 | 1,761.00 | 1,855.00 | — | — | — |
Depreciation
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 17.81 | 19.13 | 14.72 | 13.21 | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Revenue/Sh
|
| ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | 4.37 | 4.66 | 1.73 | 0.19 | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Earnings/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 5.74 | 6.63 | 3.29 | 2.41 | — | — | — |
Cash Flow/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (4.01) | (5.01) | (3.52) | (2.46) | ‡‡‡ | ‡‡‡ | ‡‡‡ |
Capex/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 1.73 | 1.62 | (0.23) | (0.05) | — | — | — |
Free CF/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 14.09 | 18.65 | 19.62 | 20.40 | — | — | — |
Book Value/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 905.61 | 903.51 | 901.21 | 893.29 | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Shares
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 8.09 | 10.38 | 14.43 | 136.53 | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ |
PE Ratio
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 1.98 | 2.53 | 1.70 | 1.96 | ‡‡‡ | ‡‡‡ | ‡‡‡ |
PS Ratio
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 2.51 | 2.59 | 1.27 | 1.27 | ‡‡‡ | ‡‡‡ | ‡‡‡ |
PB Ratio
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 1.87 | 2.34 | 1.45 | 1.73 | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ |
EV/Sales
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 19.24 | 27.68 | (91.34) | (474.02) | — | — | — |
EV/FCF
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 5,202.00 | 5,992.00 | 2,965.00 | 2,152.00 | ‡‡‡ | ‡‡‡ | ‡‡‡ |
Op' Cash Flow
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (3,632.00) | (4,528.00) | (3,176.00) | (2,195.00) | ‡‡‡‡‡ | ‡‡‡‡‡ | — |
Capex
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 1,570.00 | 1,464.00 | (211.00) | (43.00) | — | — | — |
FCF
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 5,968.00 | 8,077.00 | 7,961.00 | 7,920.00 | — | — | — |
Working Cap'
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 2,717.00 | 2,927.00 | 2,953.00 | 2,133.00 | — | — | — |
Total Debt
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (1,801.00) | (3,156.00) | (3,231.00) | (2,789.00) | — | — | — |
Net Debt
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 12,758.00 | 16,852.00 | 17,679.00 | 18,225.00 | — | — | — |
Sh' Equity
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 22.30% | 18.95% | 6.33% | 0.67% | — | — | — |
ROA
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 25.32% | 21.04% | 7.25% | 0.71% | — | — | — |
ROIC
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 35.95% | 28.44% | 9.02% | 0.92% | — | — | — |
ROE
|
STMicroelectronics (STM) delivered impressive growth from 2016 to 2023, with revenue nearly tripling to $17.29 billion amid chip shortages and demand surges in automotive and industrial segments, driving EBT margins to 27.55%, ROE above 35%, and a net cash position that bolstered its balance sheet to $17.68 billion in equity. Free cash flow per share soared 1,376%, supporting investments and shareholder returns, while stock highs exceeded $55. However, 2024’s 23% revenue contraction to $13.27 billion, margin erosion to 39%, and negative FCF exposed cyclical vulnerabilities from inventory gluts, softening EV adoption, and weak industrial demand.
Valuations now appear compelling, with a PB ratio near decade lows at 1.27, EV/Sales at 1.45, and steady book value per share around $19.62, underpinned by negative net debt—key buffers in a capital-intensive sector prone to swings. Analyst forecasts signal further 2025 softness (revenue to $11.8 billion) before a tentative rebound, with modest price target upside but notable downside risks from geopolitics, trade tensions, and delayed fab ramps.
This post-peak inflection offers potential entry for patient investors, but downside risks loom large amid macro headwinds; STM’s fortress balance sheet and strategic EU expansions provide resilience, yet execution will be critical for recapturing prior peaks.
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