Narrative Update • May 15
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- 7D4.9%
- 3M52.1%
- 1Y105.1%
- YTD81.1%
Over the last 7 days, the Semiconductors industry has risen 4.9%, driven by gains from Infineon Technologies of 5.6%. In the last 12 months, the industry was up 105%. As for the next few years, earnings are expected to grow by 30% per annum.
Industry Valuation and Performance
Has the German Semiconductors Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 21 May 2026 | €103.6b | €18.4b | €1.2b | 65.4x | 89.2x | 5.6x |
| Sat, 18 Apr 2026 | €76.3b | €18.2b | €1.2b | 58.6x | 64.4x | 4.2x |
| Mon, 16 Mar 2026 | €61.9b | €18.5b | €1.2b | 43.1x | 52.1x | 3.4x |
| Wed, 11 Feb 2026 | €63.9b | €18.5b | €1.2b | 29.1x | 52.6x | 3.5x |
| Fri, 09 Jan 2026 | €60.4b | €18.3b | €1.2b | 28.6x | 51.1x | 3.3x |
| Sun, 07 Dec 2025 | €56.2b | €18.5b | €1.2b | 22.8x | 46.1x | 3x |
| Tue, 04 Nov 2025 | €52.5b | €20.0b | €1.2b | 19.9x | 45.1x | 2.6x |
| Thu, 02 Oct 2025 | €50.8b | €20.0b | €1.2b | 20.6x | 41.3x | 2.5x |
| Sat, 30 Aug 2025 | €52.0b | €20.0b | €1.2b | 18.8x | 42.3x | 2.6x |
| Mon, 28 Jul 2025 | €52.1b | €20.1b | €1.4b | 17.4x | 36.8x | 2.6x |
| Wed, 25 Jun 2025 | €53.1b | €20.1b | €1.4b | 16.1x | 37.6x | 2.6x |
| Fri, 23 May 2025 | €51.3b | €20.1b | €1.4b | 13.4x | 36.2x | 2.6x |
| Sun, 20 Apr 2025 | €39.7b | €20.0b | €1.6b | 11.5x | 24.4x | 2x |
| Tue, 18 Mar 2025 | €51.2b | €20.1b | €1.8b | 12.2x | 28.6x | 2.5x |
| Thu, 13 Feb 2025 | €54.4b | €20.1b | €1.8b | 13.1x | 29.8x | 2.7x |
| Sat, 11 Jan 2025 | €48.6b | €20.4b | €2.2b | 13.7x | 22.1x | 2.4x |
| Mon, 09 Dec 2024 | €49.2b | €20.4b | €2.2b | 13.4x | 22.4x | 2.4x |
| Wed, 06 Nov 2024 | €45.0b | €20.8b | €2.7b | 13.5x | 17x | 2.2x |
| Fri, 04 Oct 2024 | €46.5b | €20.8b | €2.7b | 14.2x | 17.3x | 2.2x |
| Sun, 01 Sep 2024 | €51.3b | €20.8b | €2.7b | 15x | 19.2x | 2.5x |
| Tue, 30 Jul 2024 | €49.8b | €21.2b | €3.2b | 14.2x | 15.8x | 2.3x |
| Thu, 27 Jun 2024 | €53.3b | €21.3b | €3.2b | 13.3x | 16.6x | 2.5x |
| Sat, 25 May 2024 | €59.8b | €21.4b | €3.2b | 15.8x | 18.5x | 2.8x |
| Mon, 22 Apr 2024 | €48.7b | €21.8b | €3.7b | 13.1x | 13.2x | 2.2x |
| Wed, 20 Mar 2024 | €51.1b | €21.6b | €3.7b | 13.7x | 13.8x | 2.4x |
| Fri, 16 Feb 2024 | €55.0b | €21.6b | €3.8b | 14.6x | 14.6x | 2.5x |
| Sun, 14 Jan 2024 | €55.8b | €21.9b | €3.9b | 14.4x | 14.4x | 2.6x |
| Tue, 12 Dec 2023 | €59.8b | €21.9b | €3.9b | 15.8x | 15.4x | 2.7x |
| Thu, 09 Nov 2023 | €48.6b | €21.5b | €3.8b | 14.4x | 12.8x | 2.3x |
| Sat, 07 Oct 2023 | €53.5b | €21.7b | €3.9b | 13.8x | 13.9x | 2.5x |
| Mon, 04 Sep 2023 | €54.4b | €21.7b | €3.9b | 15x | 14.1x | 2.5x |
| Wed, 02 Aug 2023 | €63.9b | €21.0b | €3.5b | 17.7x | 18.4x | 3x |
| Fri, 30 Jun 2023 | €60.0b | €20.9b | €3.5b | 18.3x | 17.3x | 2.9x |
| Sun, 28 May 2023 | €57.2b | €20.9b | €3.5b | 17.7x | 16.5x | 2.7x |
Price to Earnings Ratio
16.5x
Current Industry PE
- Investors are optimistic on the German Semiconductor industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 89.2x which is higher than its 3-year average PE of 28.0x.
- The 3-year average PS ratio of 2.7x is lower than the industry's current PS ratio of 5.6x.
Past Earnings Growth
- The earnings for companies in the Semiconductor industry have declined 31% per year over the last three years,
- Revenues have also declined 4.2% per year.
- This means overall sales from these companies are declining and profits are subsequently falling as well.
Industry Trends
Which industries have driven the changes within the German Tech industry?
| DE Market | 2.03% | |
| Tech | 9.04% | |
| Semiconductors | 4.88% | |
| Semiconductors | 5.47% | |
| Semiconductor Equipment | 0.42% | |
Industry PE
- Investors are most optimistic about the Semiconductors industry which is trading above its 3-year average PE ratio of 27.5x.
- Analysts are expecting annual earnings growth of 30.1%, which is higher than its past year's earnings decline of 12.2% per year.
Forecasted Growth
- Analysts are most optimistic on the Semiconductor Equipment industry, expecting annual earnings growth of 33% over the next 5 years.
- This is better than its past earnings decline of 42% per year.
- In contrast, the Semiconductors industry is expected to see its earnings grow by 30% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| IFX Infineon Technologies | €68.11 | 0.06% +€52.0m | 96.3% | PE82.4x | |
| ELG Elmos Semiconductor | €181.60 | 1.0% +€30.9m | 162.8% | PE28.6x | |
| CTNK centrotherm international | €9.40 | 15.3% +€26.5m | 175.7% | PE5.8x | |
| GY9 Smoltek Nanotech Holding | €0.23 | 9.5% +€3.6m | 1,061.6% | PS115.3x | |
| SWVK SolarWorld | €0.034 | 13.3% +€59.6k | -76.1% | n/a |