Portzamparc starts Semco Technologies with 'reinforce' on solid fundamentals

Semco Technologies SAS

18/12/2025 08:31

** Portzamparc initiates its coverage of France's Semco Technologies ALSEM.PA with a "reinforce" rating, citing the electrostatic chucks maker's solid fundamentals and strong free cash flow generation

** The broker projects revenue will hit 63.3 million euros  ($74.3 million) by 2028, surpassing the company's own guidance and continuing its history of outperforming the semiconductor equipment market

** Portzamparc says "the group's fundamentals remain extremely solid," forecasting the firm's EBIT margin would reach 40.7% by 2028, one of the highest in the industry

** The company is set to generate over 35 million euros in cumulative free cash flow from 2025-28, with cash conversion seen rising from 47% in 2025 to around 80% after its investment plan, the broker says

($1 = 0.8521 euros)

 (Reporting by Hugo Lhomedet)

 ((hugo.lhomedet@thomsonreuters.com))