1Semana·

2 European values

Thanks to our Donald 🍊, I took a look at which European stocks could follow the current hot American stocks. While tech giants in the USA are often valued at the limit, the European "backyard" offers massive catch-up potential - driven by the need for technological sovereignty.

Two stocks in particular caught my eye: $AAC (+2,79 %)
(AAC Clyde Space) and $XFAB (-1,39 %)
(X-FAB Silicon Foundries). Both are still quite small compared to their US peers, but they set a decisive course in January 2026.

- AAC Clyde Space (AAC): Just a few days ago (12.01.2026), the green light was given for the 60 million euro "EPS-Sterna" project. With the new anchor shareholder Bonnier Capital the financing is finally in the bag until the 2026 break-even point. 🚀

https://finance.yahoo.com/quote/MKC0.F/

- X-FAB (XFAB): While Trump is ramping up tariffs on chips in the USA, X-FAB has just (January 2026) received massive EU subsidies for the plant in Erfurt. The valuation is attractive with a P/E ratio of approx. 11-13 (2026e) is almost laughably cheap compared to the US competition.

https://finance.yahoo.com/quote/XFAB.PA/

My conclusion:

We will see a massive rotation if Trump continues to push through his policies so aggressively.

Forecast: 🔮The money is flowing out of the overheated US markets back into European small caps, which provide real hardware for the "sovereignty agenda."

- AAC Clyde Space is the speculative bet on the European "new space" boom. Those who invest here are betting that Europe will build its own satellite infrastructure independently of SpaceX & Co.

- X-FAB is the solid basis. If you want to manufacture chips for the automotive revolution and quantum sensor technology in Europe, there is no way around this foundry.

The verdict: If the US tariffs put further pressure on supply chains in 2026, local champions like AAC and X-FAB will be among the big beneficiaries.

@Klein-Anleger
@Multibagger
@Tenbagger2024
@All-in-or-nothing
@Aktienfox
@TomTurboInvest and, of course, every other active member.

16 Comentarios

All-in-or-nothing@All-in-or-nothing

1Semana

For me, $CRI is more interesting for the space/defense/quantum sectors. Of course, you can also see from the ratings that $CRI plays in all the critical hype areas. However, if the price comes back here, this would be the better choice for me, as it is more deeply integrated and in some cases indispensable in terms of the components supplied etc.

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Darkwingduck@Darkwingduck

1Semana

@All-in-or-nothing very exciting value, I'll take a look.

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Chris@Multibagger

1Semana

Interesting, can you say something about where they primarily make their sales? So rather which region not industry.

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Darkwingduck@Darkwingduck

1Semana

@Multibagger I'll check the sources right away. KI has spit out the following:

1. AAC Clyde Space (Focus: Europe & UK)
AAC Clyde Space generates the majority of its sales in Europe, which is due to its close cooperation with the ESA (European Space Agency) and European institutions.

- Main regions:
-Europe & UK: Over 60-70% of sales. The company has operational focal points in Sweden (headquarters), Scotland and the Netherlands.
- USA: A growing market (approx. 20-25 %), particularly due to the subsidiary SpaceQuest and the increasing demand for small-sat data in the defense and security sector.
- Rest of the world: Africa (via AAC Space Africa) and Asia contribute the remaining share.
- Sources:
- Annual Report 2024 & Year-End Report 2024: AAC reports segments such as "Swedish operation", "Scottish operation" and "United States operations".
- Investor Relations (Jan 2026): Reports on the major "Sterna" project confirm the strong ties to European clients (EUMETSAT).

2 X-FAB Silicon Foundries (Focus: Global / Automotive)
X-FAB has a broader geographical base, as its end customers (automotive suppliers and medical technology companies) operate globally.
- Main regions (by customer location):
- Europe: approx. 45-50 % (strong focus on Germany and Belgium).
- USA: approx. 15-20 % (important for medical technology and specialized industrial products).
- Asia: approx. 30-35 % (driven by production sites in Malaysia and customers in China/Japan).
- Sector focus (sales driver):
- Automotive: Consistently accounts for over 90% of core sales.
- Sources:
- X-FAB Annual Report 2024 & Q3 2025 Results: Here, Belgium, Germany and Malaysia are named as the main revenue drivers at country level.
- TradingView Financials (Jan 2026): Confirmation that Belgium and Germany are the largest geographic contributors.

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Darkwingduck@Darkwingduck

1Semana

@Multibagger less automotive, more stability and quantum focus through co-op with Infenion $IFX would offer $GFS.

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Chris@Multibagger

1Semana

@Darkwingduck Are you already invested in these two stocks?

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Darkwingduck@Darkwingduck

1Semana

@Multibagger no, there are 3 finds from today :) I'll wait for the feedback and see if anyone finds a fly in the ointment.

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Darkwingduck@Darkwingduck

1Semana

@Multibagger or do you mean $GFS and $IFX? In that case, no.

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Chris@Multibagger

1Semana

@Darkwingduck no already the new values

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Darkwingduck@Darkwingduck

1Semana

@Multibagger What do you think of the figures? I find AAC more attractive in terms of the figures. But like Skywater, I think the accelerated innovation will always rub off on the foundries like XFAB, as they are making money everywhere.

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Chris@Multibagger

1Semana

@Darkwingduck if then only AAC

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Darkwingduck@Darkwingduck

1Semana

@Multibagger I would be interested to know how you are positioning yourself? Do you have an eye on European stocks in this regard or do you already have them in your portfolio?

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Chris@Multibagger

1Semana

@Darkwingduck No, not at all in the Space area. Otherwise in the tech sector only $TTR1.

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Aktienfox@Aktienfox

1Semana

Europe and EM could become more volatile over the next few years if Trump continues like this. In addition, banks expect a dollar devaluation of -3% to 15%, which also tends pro ExUS as part of the portfolio. I don't know either of these stocks, so I can't comment on them, but I may take a look at them and report back :)

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Demas@Demas

1Semana

Europe is the way to go

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