Magnachip Semiconductor Corp MX

Information TechnologySemiconductors & Semiconductor EquipmentKorea; Republic (S. Korea)

Last close 2.41 USD on Nov 1, 2026, −5.5% year to date

Quant rating

Quant rating D Rank 187 of 200 in Information Technology

Growth D 164 of 200
Valuation D 177 of 200
Quality D 140 of 200
Revisions D 165 of 200
Momentum D 172 of 200

Historical valuation

Multiples use consensus estimates for the next twelve months. The dashed line is the 5-year average.

Key data

Market cap: 92M
Enterprise value: 45M
52-week range: 2.19 – 9.86
3-year range: 2.19 – 9.86
Dividend yield: –
Beta (5 years): 1.67
Shares outstanding: 38.0M
Next earnings: –

About the company

Magnachip Semiconductor Corp is a company principally engaged in designing and manufacturing of analog and mixed-signal power semiconductor platform solutions. The Company's solutions are used in different applications, including industrial, automotive, communication, consumer and computing. The Company develops and manufactures power discrete products and develops power integrated circuit (IC) products. The Company's power discrete products include metal oxide semiconductor field effect transistors (MOSFETs) and insulated-gate bipolar transistors (IGBTs). The Company's power IC products include alternating current to direct current (AC-DC) and DC-DC converters, light emitting diode (LED) drivers, regulators, power management integrated circuits (PMICs) as well as level shifters.

Growth and profitability

Growth and profitability by fiscal year
	2025	2024	2023	2022	2021	5Y avg
Revenue (mil)	179	196	230	338	474	–
Revenue growth	−8.9%	−14.6%	−31.9%	−28.8%	−6.5%	−18.8%
EPS (basic, normalized)	−0.22	−0.77	−0.55	0.19	1.09	–
EPS growth	–	–	–	−82.6%	–	–
Gross margin	17.6%	19.7%	22.4%	30.0%	32.4%	24.4%
Net margin	−8.0%	−13.9%	−15.9%	−2.4%	12.0%	−5.6%
ROE	−5.4%	−8.8%	−9.5%	−1.8%	14.2%	−2.3%

Balance sheet, last quarter
Cash & short-term investments (mil)	87.9
Current ratio	2.43x
Long-term debt (mil)	15.6
Net debt (mil)	−46.2
Total equity (mil)	227
Net debt / equity	−0.20x
Net debt / EBITDA	2.97x

Estimates and valuation

Consensus estimates and implied multiples
	Sales (mil)			EBITDA (mil)			EPS
Fiscal year	Mean est.	Growth	EV/Sales	Mean est.	Growth	EV/EBITDA	Mean est.	Growth	P/E
2025 actual	179	−8.9%	0.3x	−15.6	+42.6%	−2.9x	−0.22	+71.4%	−11.0x

Estimate revisions

Change in consensus estimates over 1, 3 and 6 months
	Sales				EPS
Fiscal year	Estimate (mil)	1M	3M	6M	Estimate	1M	3M	6M
2026	–	–	–	–	–	–	–	–
2027	–	–	–	–	–	–	–	–
2028	–	–	–	–	–	–	–	–

Earnings surprises EPS beat in 3 of the last 4 quarters

Reported results versus consensus, last 10 fiscal quarters
Quarter ended	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	FQ0
Sales reported (mil)	49.1	53.2	66.5	63.0	44.7	47.6	45.9	36.8	46.2	44.7
Sales mean (mil)	48.7	51.5	64.0	61.6	44.5	47.2	46.0	40.5	46.0	–
Surprise	+0.7%	+3.3%	+3.8%	+2.4%	+0.5%	+0.9%	−0.1%	−9.2%	+0.5%	–
EPS reported	−0.28	−0.21	−0.34	0.07	−0.10	−0.08	−0.01	−0.08	−0.11	–
EPS mean	−0.33	−0.33	−0.19	−0.19	−0.22	−0.12	−0.08	−0.32	−0.22	–
Surprise	+14.3%	+36.4%	−82.1%	−136.6%	+54.5%	+36.0%	+87.5%	+75.0%	+50.0%	–

Peer comparison Semiconductors & Semiconductor Equipment

Peers in the same industry group, by market capitalization
Company	Market cap	Net debt/EBITDA	Net margin	P/B	FY1 P/E	FY2 P/E	FY1 EV/EBITDA	FY2 EV/EBITDA
MX Magnachip Semiconductor Corp	92M	2.97x	−8.0%	0.39x	–	–	–	–
2330 Taiwan Semiconductor Manufacturing Company Limited	1.89T	−1.13x	45.1%	8.78x	21.5x	16.0x	14.2x	10.3x
2303 United Microelectronics Corp	43.0B	−0.69x	17.6%	2.97x	15.7x	15.6x	10.2x	7.8x
ADI Analog Devices, Inc.	202.1B	1.03x	21.9%	6.02x	32.4x	24.9x	24.8x	19.9x
RNECY Renesas Electronics Corp	34.0B	–	–	–	–	–	–	–
TSEM Tower Semiconductor Ltd.	18.9B	−2.50x	14.1%	6.10x	49.3x	28.3x	22.7x	14.9x
Mean		−0.06x	18.1%	4.85x	29.7x	21.2x	18.0x	13.3x
Median		−0.69x	17.6%	6.02x	26.9x	20.4x	18.5x	12.6x

Technical analysis

1M−36.4%
3M−25.4%
1Y−20.7%
3Y−67.6%

Financial statements in millions of USD

Income statement in millions of USD, fiscal years

Income statement, Magnachip Semiconductor Corp, fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Total revenue	179	196	230	338	474	507
Cost of revenue	147	158	178	236	321	379
Gross profit	31.4	38.7	51.6	101	154	128
Selling, general & administrative expenses	35.1	38.1	48.5	50.9	52.4	50.0
Research & development	27.3	25.0	51.6	52.3	51.2	45.7
Interest expense (income), operating	–	–	–	–	–	–
Unusual expense (income)	4.8	1.6	9.3	3.3	−33.5	0.8
Other operating expenses	0	0	0	0	0	5.6
Operating income	−35.9	−26.0	−57.6	−5.2	83.4	26.2
Net interest income (expense)	3.4	−10.0	10.1	1.8	−13.2	−18.5
Gain (loss) on sale of assets	–	–	–	–	–	–
Other non-operating income (expense)	0.3	0.5	0	0.6	3.8	3.1
Net income before taxes	−32.1	−35.5	−47.6	−2.9	74.0	10.8
Provision for taxes	−17.9	−8.2	−10.9	5.2	17.3	−46.2
Minority interest	–	–	–	–	–	–
Equity in affiliates	–	–	–	–	–	–
U.S. GAAP adjustment	–	–	–	–	–	–
Net income before extraordinary items	−14.2	−27.3	−36.6	−8.0	56.7	57.1
Extraordinary items	−15.5	−27.0	–	0	0	288
Net income	−29.7	−54.3	−36.6	−8.0	56.7	345
EBIT, normalized	−31.0	−24.4	−48.4	−1.9	49.9	27.0
EBITDA, normalized	−18.1	−8.2	−31.7	13.1	64.1	43.5
Basic EPS, normalized	−0.22	−0.77	−0.55	0.19	1.09	–

Balance sheet in millions of USD, fiscal years

Balance sheet, Magnachip Semiconductor Corp, fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Assets
Cash & short-term investments	104	139	158	225	280	280
Receivables	28.9	32.8	36.9	43.2	76.8	68.7
Total inventory	34.2	30.5	32.7	39.9	39.4	39.0
Prepaid expenses	5.1	10.4	7.4	10.6	7.7	7.3
Other current assets	5.0	6.9	10.3	18.7	5.7	14.6
Total current assets	177	219	245	338	409	410
Property, plant & equipment	102	84.6	105	116	112	101
Goodwill	–	–	–	–	–	–
Intangibles	0.5	0.5	1.5	1.9	2.4	2.7
Long-term investments	–	–	–	–	–	–
Note receivable	–	–	–	–	–	–
Other long-term assets	71.9	75.0	68.8	60.8	60.0	58.3
Total assets	352	379	420	517	584	572
Liabilities
Accounts payable	20.8	21.6	24.4	18.0	37.6	52.2
Payable/accrued	–	–	–	–	–	–
Accrued expenses	7.5	8.8	10.4	9.4	14.3	13.9
Short-term debt	0	0	0	0	0	0
Current portion of long-term debt	0.1	0.2	0.1	0.1	0.1	83.5
Other current liabilities	14.9	15.7	11.9	19.7	33.5	24.0
Total current liabilities	43.4	46.3	46.9	47.2	85.5	174
Long-term debt	44.7	27.5	0.4	0.1	0.1	0.2
Minority interest	–	–	–	–	–	–
Other liabilities	15.1	28.7	28.6	41.2	45.3	52.3
Total liabilities	103	103	75.9	88.5	131	226
Shareholders' equity
Preferred stock	–	–	–	–	–	–
Common stock	0.6	0.6	0.6	0.6	0.6	0.5
Additional paid-in capital	282	279	273	266	241	163
Retained earnings (accumulated deficit)	215	245	299	336	344	287
Treasury stock	−230	−226	−213	−161	−130	−108
Other equity	−18.8	−21.9	−14.7	−12.6	−2.2	3.7
Total equity	248	277	345	428	453	346
Total liabilities & shareholders' equity	352	379	420	517	584	572

Cash flow statement in millions of USD, fiscal years

Cash flow statement, Magnachip Semiconductor Corp, fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Operating activities
Net income	−29.7	−54.3	−36.6	−8.0	56.7	345
Depreciation, depletion & amortization	13.0	16.2	16.7	15.0	14.2	16.5
Deferred taxes	−10.1	−7.0	−13.4	0.3	0.9	−44.4
Non-cash items	20.6	52.0	20.6	42.3	50.3	−277
Changes in working capital	−17.9	−12.9	9.8	−44.4	−34.4	−33.0
Cash from operations	−24.2	−6.1	−3.0	5.2	87.7	7.5
Investing activities
Capital expenditures	−30.2	−11.9	−7.2	−23.8	−32.8	−36.8
Other investing cash flows	5.8	0.2	−0.4	−1.1	1.4	355
Cash from investing	−24.4	−11.7	−7.7	−24.9	−31.4	318
Financing activities
Financing cash flow items	–	–	0	0	−17.4	–
Cash dividends paid	–	–	–	–	–	–
Issuance (retirement) of debt, net	–	–	–	–	–	–
Other financing cash flows	12.0	16.6	−52.3	−12.7	−18.1	−222
Cash from financing	12.0	16.6	−52.3	−12.7	−35.5	−222
Foreign exchange effects	1.8	−18.2	−4.4	−21.6	−21.2	24.6
Net change in cash	−34.9	−19.5	−67.4	−54.1	−0.4	128
Free cash flow	−54.4	−18.0	−10.2	−18.6	54.9	−29.4

Disclaimer

The financial data presented in this report is delayed and obtained from sources QDD Research believes to be reliable, including stock exchanges, SEDAR, and EDGAR. However, no representation or warranty is made as to the accuracy, completeness, or timeliness of the information. QDD Research accepts no liability for any errors, omissions, or financial losses arising from the use of this data.

This report is generated using a fully systematic and quantitative approach. All factor scores and the overall quant rating (ranging from D to A+) are derived from algorithmic models and are based solely on objective financial metrics. These scores are intended for informational purposes only and should not be interpreted as investment advice or a recommendation to buy, sell, or hold any securities.

QDD Research is not a registered investment advisor or broker-dealer and does not provide personalized financial advice. The content is not tailored to the specific investment goals, financial situation, or risk profile of any individual investor. We strongly encourage readers to consult with a licensed broker or investment advisor before making any investment decisions based on the information contained in this report.

Live quote provided by TradingView. Report data updated Nov 1, 2026 after market close.