Narrative Update • Jun 17
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- 7D2.7%
- 3M108.7%
- 1Y143.9%
- YTD114.4%
In the last week, the Semiconductors industry is up 2.7%, with Infineon Technologies up 2.4%. This takes the industry's 12 month performance to a gain of 144%. As for the next few years, earnings are expected to grow by 31% 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 |
|---|---|---|---|---|---|---|
| Sat, 20 Jun 2026 | €123.6b | €18.7b | €1.2b | 90x | 104.3x | 6.6x |
| Mon, 18 May 2026 | €99.9b | €18.4b | €1.2b | 63.6x | 86x | 5.4x |
| Wed, 15 Apr 2026 | €69.1b | €18.2b | €1.2b | 49x | 58.3x | 3.8x |
| Fri, 13 Mar 2026 | €62.4b | €18.5b | €1.2b | 42.7x | 52.6x | 3.4x |
| Sun, 08 Feb 2026 | €62.6b | €18.5b | €1.2b | 26.5x | 51.5x | 3.4x |
| Tue, 06 Jan 2026 | €59.8b | €18.3b | €1.2b | 28.8x | 50.5x | 3.3x |
| Thu, 04 Dec 2025 | €55.0b | €18.5b | €1.2b | 21.6x | 45.1x | 3x |
| Sat, 01 Nov 2025 | €51.9b | €20.0b | €1.2b | 14.4x | 44x | 2.6x |
| Mon, 29 Sep 2025 | €49.5b | €20.0b | €1.2b | 21.1x | 40.3x | 2.5x |
| Wed, 27 Aug 2025 | €53.9b | €20.0b | €1.2b | 18.7x | 43.7x | 2.7x |
| Fri, 25 Jul 2025 | €51.8b | €20.1b | €1.4b | 17.3x | 36.6x | 2.6x |
| Sun, 22 Jun 2025 | €50.9b | €20.1b | €1.4b | 15.2x | 36x | 2.5x |
| Tue, 20 May 2025 | €49.8b | €20.1b | €1.4b | 13.5x | 35.2x | 2.5x |
| Thu, 17 Apr 2025 | €40.0b | €20.0b | €1.6b | 11.6x | 24.6x | 2x |
| Sat, 15 Mar 2025 | €51.5b | €20.1b | €1.8b | 12.2x | 28.9x | 2.6x |
| Mon, 10 Feb 2025 | €54.1b | €20.1b | €1.8b | 13x | 29.7x | 2.7x |
| Wed, 08 Jan 2025 | €51.0b | €20.4b | €2.2b | 13.7x | 23.2x | 2.5x |
| Fri, 06 Dec 2024 | €48.7b | €20.4b | €2.2b | 13.4x | 22.2x | 2.4x |
| Sun, 03 Nov 2024 | €44.9b | €20.8b | €2.7b | 13.2x | 16.9x | 2.2x |
| Tue, 01 Oct 2024 | €48.8b | €20.8b | €2.7b | 14.3x | 18.2x | 2.3x |
| Thu, 29 Aug 2024 | €50.2b | €20.8b | €2.7b | 14.8x | 18.8x | 2.4x |
| Sat, 27 Jul 2024 | €48.8b | €21.2b | €3.2b | 14x | 15.5x | 2.3x |
| Mon, 24 Jun 2024 | €52.9b | €21.3b | €3.2b | 13.7x | 16.4x | 2.5x |
| Wed, 22 May 2024 | €57.2b | €21.4b | €3.2b | 15.6x | 17.7x | 2.7x |
| Fri, 19 Apr 2024 | €49.9b | €21.8b | €3.7b | 13.5x | 13.5x | 2.3x |
| Sun, 17 Mar 2024 | €52.0b | €21.6b | €3.7b | 14x | 14x | 2.4x |
| Tue, 13 Feb 2024 | €56.4b | €21.6b | €3.8b | 15x | 15x | 2.6x |
| Thu, 11 Jan 2024 | €56.5b | €21.9b | €3.9b | 14.6x | 14.5x | 2.6x |
| Sat, 09 Dec 2023 | €60.1b | €21.9b | €3.9b | 15.9x | 15.5x | 2.7x |
| Mon, 06 Nov 2023 | €48.3b | €21.5b | €3.8b | 13.8x | 12.7x | 2.2x |
| Wed, 04 Oct 2023 | €51.9b | €21.7b | €3.9b | 13.1x | 13.4x | 2.4x |
| Fri, 01 Sep 2023 | €54.6b | €21.7b | €3.9b | 15.2x | 14.1x | 2.5x |
| Sun, 30 Jul 2023 | €63.9b | €21.0b | €3.5b | 17.8x | 18.4x | 3x |
| Tue, 27 Jun 2023 | €58.7b | €20.9b | €3.5b | 19.1x | 16.9x | 2.8x |
Price to Earnings Ratio
16.9x
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 104x which is higher than its 3-year average PE of 30.2x.
- The 3-year average PS ratio of 2.8x is lower than the industry's current PS ratio of 6.6x.
Past Earnings Growth
- The earnings for companies in the Semiconductor industry have declined 30% per year over the last three years,
- Revenues have also declined 3.6% 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 | 0.63% | |
| Tech | -1.18% | |
| Semiconductors | 2.71% | |
| Semiconductor Equipment | 5.06% | |
| Semiconductors | 2.43% | |
Industry PE
- Investors are most optimistic about the Semiconductors industry which is trading above its 3-year average PE ratio of 29.5x.
- Analysts are expecting annual earnings growth of 30.6%, 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 34% over the next 5 years.
- This is better than its past earnings decline of 40% per year.
- In contrast, the Semiconductors industry is expected to see its earnings grow by 31% 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 | €81.97 | 2.4% +€2.5b | 139.5% | PE99.2x | |
| AIXA AIXTRON | €59.84 | 5.0% +€320.3m | 332.1% | PE115.9x | |
| SMHN SUSS MicroTec | €111.70 | 17.0% +€309.7m | 170.7% | PE60.4x | |
| ELG Elmos Semiconductor | €181.80 | 4.1% +€123.5m | 141.4% | PE28.7x | |
| SIS First Sensor | €55.50 | 1.8% +€10.3m | -4.3% | PE90x |
