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1. Company Snapshot

1.a. Company Description

Alphawave IP Group plc designs, develops, and sells connectivity solutions.The company offers connectivity, integrated products, and chiplet IP products.It serves the data center, artificial intelligence, 5G wireless infrastructure, data networking, autonomous vehicles, and solid-state storage end markets in North America, the Asia Pacific, Europe, and the United Kingdom.


Alphawave IP Group plc was founded 2017 and is headquartered in London, the United Kingdom.

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1.b. Last Insights on AWE

Alphawave IP Group plc's recent performance has been positively driven by its acquisition by Qualcomm, which has sparked optimism in diversified revenue streams, including strong non-Apple handset growth and data center strategy. The company's showcase of AI and connectivity IP at ECOC 2025 also highlighted its innovative capabilities. Additionally, several Form 8.3 disclosures indicate significant investor interest. Moreover, being a UK growth company with high insider ownership, Alphawave IP Group plc may offer resilience amid market uncertainties.

1.c. Company Highlights

2. Transcript Summary

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3. NewsRoom

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Form 8.3

Dec -04

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Assessing Qualcomm (QCOM) Valuation as New AI Platforms and Strategic Acquisitions Reshape Growth Prospects

Dec -03

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Form 8.3

Dec -03

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Form 8.3

Dec -02

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Form 8.3

Dec -01

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Form 8.3

Nov -28

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Form 8.3

Nov -27

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Form 8.3

Nov -26

4. Business Breakdown

4.a. Revenues by Country

4.b. Revenues by Segment

5. Expected revenues mid-term growth (11.25%)

6. Segments

Intellectual Property and Non-recurring Engineering

Expected Growth: 11.53%

Alphawave IP Group plc's 11.53% growth in Intellectual Property and Non-recurring Engineering is driven by increasing demand for high-speed data transfer and AI-enabled applications, coupled with the company's strong track record of innovation and IP development. Additionally, the company's strategic partnerships and licensing agreements with leading technology companies have contributed to its growth momentum.

Intellectual Property and Non-recurring Engineering - Joint Venture

Expected Growth: 11.53%

Alphawave IP Group plc's 11.53% growth in Intellectual Property and Non-recurring Engineering - Joint Venture is driven by increasing demand for custom silicon solutions, expansion into new markets, and strategic partnerships. The company's unique IP portfolio and expertise in high-speed connectivity and AI-enabled technologies also contribute to its growth.

Silicon and Royalties

Expected Growth: 10.43%

Silicon and Royalties from Alphawave IP Group plc's 10.43% growth driven by increasing demand for high-speed data transfer, growing adoption of 5G and AI technologies, and strategic partnerships with leading semiconductor companies, resulting in higher royalty income and silicon sales.

Intellectual Property and Non-recurring Engineering - Reseller

Expected Growth: 11.53%

Alphawave IP Group plc's 11.53% growth in Intellectual Property and Non-recurring Engineering - Reseller is driven by increasing demand for high-speed data transfer and AI-enabled applications, coupled with the company's strong partnerships with leading semiconductor companies and its ability to provide customized IP solutions.

7. Detailed Products

RISC-V CPU Cores

Alphawave IP Group plc offers a range of RISC-V CPU cores, including high-performance and low-power options, designed for various applications such as artificial intelligence, machine learning, and edge computing.

Ethernet IP Cores

Alphawave IP Group plc provides a range of Ethernet IP cores, including 1G, 10G, 25G, 50G, and 100G, designed for high-speed data transmission and low latency applications.

PCIe IP Cores

Alphawave IP Group plc offers PCIe IP cores, including PCIe 3.0, 4.0, and 5.0, designed for high-speed peripheral connectivity and low latency applications.

Die-to-Die (D2D) IP Cores

Alphawave IP Group plc provides D2D IP cores, enabling high-speed, low-power, and low-latency communication between multiple dies in a single package.

Chiplet IP Cores

Alphawave IP Group plc offers chiplet IP cores, enabling the integration of multiple chiplets into a single package, reducing power consumption and increasing performance.

8. Alphawave IP Group plc's Porter Forces

Forces Ranking

Threat Of Substitutes

Alphawave IP Group plc's products are highly specialized and customized, making it difficult for customers to find substitutes. However, the company's reliance on a few key customers increases the threat of substitutes.

Bargaining Power Of Customers

Alphawave IP Group plc's customers are large technology companies with significant bargaining power. They can negotiate prices and terms, and the company's reliance on a few key customers increases their bargaining power.

Bargaining Power Of Suppliers

Alphawave IP Group plc has a diverse supplier base, and the company's specialized products reduce the bargaining power of suppliers.

Threat Of New Entrants

The semiconductor industry has high barriers to entry, including significant capital expenditures and technical expertise. This reduces the threat of new entrants.

Intensity Of Rivalry

The semiconductor industry is highly competitive, but Alphawave IP Group plc's specialized products and strong relationships with key customers reduce the intensity of rivalry.

9. SWOT Analysis

10. Capital Structure

10.a. Balance Sheet

10.b. Weighted Average Cost of capital

Value
Debt Weight 33.60%
Debt Cost 5.98%
Equity Weight 66.40%
Equity Cost 8.57%
WACC 7.70%
Leverage 50.60%

11. Quality Control: Alphawave IP Group plc passed 3 out of 9 key points

12.a Historical Valuation

12.b Price/Earnings Ratio

12.c Margin Valuation

12.d Peers Valuation

Peers Group Analysis

Stock-Card
Navitas Semi

A-Score: 4.3/10

Value: 6.2

Growth: 6.4

Quality: 3.8

Yield: 0.0

Momentum: 9.5

Volatility: 0.0

1-Year Total Return ->

Stock-Card
Oxford Instruments

A-Score: 4.0/10

Value: 2.3

Growth: 4.7

Quality: 6.2

Yield: 1.2

Momentum: 4.0

Volatility: 5.3

1-Year Total Return ->

Stock-Card
Seco

A-Score: 3.9/10

Value: 4.3

Growth: 4.9

Quality: 2.8

Yield: 0.0

Momentum: 9.5

Volatility: 2.0

1-Year Total Return ->

Stock-Card
Alphawave IP

A-Score: 3.6/10

Value: 4.6

Growth: 5.1

Quality: 1.6

Yield: 0.0

Momentum: 9.5

Volatility: 1.0

1-Year Total Return ->

Stock-Card
SEALSQ

A-Score: 3.5/10

Value: 6.2

Growth: 1.3

Quality: 3.4

Yield: 0.0

Momentum: 10.0

Volatility: 0.0

1-Year Total Return ->

Stock-Card
Valens Semi

A-Score: 2.9/10

Value: 7.8

Growth: 4.3

Quality: 4.3

Yield: 0.0

Momentum: 1.0

Volatility: 0.0

1-Year Total Return ->

Peers Metrics

12.e Scoring Insights

12.f DCF BETA

Parameters

Short Term Growth

Short term Time

Long-Term Growth

WACC

Target Price

2.15$

Current Price

2.15$

Potential

-0.00%

Expected Cash-Flows