Narrative Update • Aug 12
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- 7D3.8%
- 3M-5.7%
- 1Y76.5%
- YTD64.5%
Over the last 7 days, the Semiconductors industry has risen 5.2%, driven by gains from Infineon Technologies of 3.6%. Meanwhile, Smoltek Nanotech Holding actually underperformed within the industry, shrinking 35% in the last week. In the last 12 months, the industry was up 78%. Looking forward, earnings are forecast to grow by 36% annually.
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 |
|---|---|---|---|---|---|---|
| Fri, 14 Aug 2026 | €94.6b | €19.0b | €1.2b | 64.9x | 77.7x | 5x |
| Sun, 12 Jul 2026 | €108.4b | €18.6b | €1.2b | 82.7x | 92.6x | 5.8x |
| Tue, 09 Jun 2026 | €117.6b | €18.4b | €1.2b | 92x | 96.8x | 6.4x |
| Thu, 07 May 2026 | €91.5b | €18.2b | €1.2b | 72.7x | 78.8x | 5x |
| Sat, 04 Apr 2026 | €60.9b | €18.3b | €1.2b | 50.2x | 51.1x | 3.3x |
| Mon, 02 Mar 2026 | €69.3b | €18.5b | €1.2b | 36.6x | 56.4x | 3.8x |
| Wed, 28 Jan 2026 | €63.1b | €18.3b | €1.2b | 32.1x | 53.3x | 3.5x |
| Fri, 26 Dec 2025 | €54.6b | €18.3b | €1.2b | 25.6x | 46.1x | 3x |
| Sun, 23 Nov 2025 | €47.9b | €18.5b | €1.2b | 20.3x | 39.3x | 2.6x |
| Tue, 21 Oct 2025 | €51.9b | €20.1b | €1.2b | 21.8x | 41.9x | 2.6x |
| Thu, 18 Sep 2025 | €49.0b | €20.0b | €1.2b | 19.4x | 39.8x | 2.4x |
| Sat, 16 Aug 2025 | €54.3b | €20.0b | €1.2b | 18.6x | 44.1x | 2.7x |
| Mon, 14 Jul 2025 | €56.8b | €20.1b | €1.4b | 17.4x | 40.2x | 2.8x |
| Wed, 11 Jun 2025 | €54.6b | €20.1b | €1.4b | 14.4x | 38.6x | 2.7x |
| Fri, 09 May 2025 | €46.3b | €20.1b | €1.6b | 13.7x | 28.9x | 2.3x |
| Sun, 06 Apr 2025 | €39.0b | €20.0b | €1.6b | 10.4x | 24x | 1.9x |
| Tue, 04 Mar 2025 | €52.8b | €20.1b | €1.8b | 12.4x | 29x | 2.6x |
| Thu, 30 Jan 2025 | €48.6b | €20.4b | €2.2b | 13.1x | 22.1x | 2.4x |
| Sat, 28 Dec 2024 | €48.1b | €20.4b | €2.2b | 13.2x | 21.9x | 2.4x |
| Mon, 25 Nov 2024 | €45.3b | €20.4b | €2.2b | 11.8x | 20.5x | 2.2x |
| Wed, 23 Oct 2024 | €45.7b | €20.8b | €2.7b | 13.3x | 17.1x | 2.2x |
| Fri, 20 Sep 2024 | €47.8b | €20.8b | €2.7b | 14.4x | 17.9x | 2.3x |
| Sun, 18 Aug 2024 | €49.6b | €20.8b | €2.7b | 15x | 18.5x | 2.4x |
| Tue, 16 Jul 2024 | €55.7b | €21.3b | €3.2b | 14.4x | 17.3x | 2.6x |
| Thu, 13 Jun 2024 | €58.9b | €21.3b | €3.2b | 16x | 18.3x | 2.8x |
| Sat, 11 May 2024 | €59.1b | €21.4b | €3.2b | 15.6x | 18.3x | 2.8x |
| Mon, 08 Apr 2024 | €50.9b | €21.8b | €3.7b | 13.8x | 13.8x | 2.3x |
| Wed, 06 Mar 2024 | €54.1b | €21.7b | €3.8b | 14.5x | 14.3x | 2.5x |
| Fri, 02 Feb 2024 | €54.7b | €21.9b | €3.9b | 14x | 14.1x | 2.5x |
| Sun, 31 Dec 2023 | €61.4b | €21.9b | €3.9b | 16.3x | 15.8x | 2.8x |
| Tue, 28 Nov 2023 | €54.7b | €21.9b | €3.9b | 14.8x | 14.1x | 2.5x |
| Thu, 26 Oct 2023 | €47.6b | €21.6b | €3.8b | 13.4x | 12.4x | 2.2x |
| Sat, 23 Sep 2023 | €51.8b | €21.7b | €3.9b | 13.4x | 13.4x | 2.4x |
| Mon, 21 Aug 2023 | €53.3b | €21.7b | €3.9b | 14.9x | 13.8x | 2.5x |
Price to Earnings Ratio
13.8x
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 78.9x which is higher than its 3-year average PE of 33.8x.
- The 3-year average PS ratio of 2.9x is lower than the industry's current PS ratio of 5.1x.
Past Earnings Growth
- The earnings for companies in the Semiconductor industry have declined 32% 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 | 0.30% | |
| Tech | 2.69% | |
| Semiconductors | 3.81% | |
| Semiconductor Equipment | 5.56% | |
| Semiconductors | 3.60% | |
Industry PE
- Investors are most optimistic about the Semiconductors industry which is trading above its 3-year average PE ratio of 32.6x.
- Analysts are expecting annual earnings growth of 34.5%, which is higher than its past year's earnings decline of 6.0% per year.
Forecasted Growth
- Analysts are most optimistic on the Semiconductor Equipment industry, expecting annual earnings growth of 46% over the next 5 years.
- This is better than its past earnings decline of 46% per year.
- In contrast, the Semiconductors industry is expected to see its earnings grow by 35% 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 | €62.50 | 3.6% +€2.8b | 70.7% | PE67.5x | |
| AIXA AIXTRON | €41.86 | 7.0% +€307.9m | 208.7% | PE81.2x | |
| WAF Siltronic | €87.90 | 11.2% +€265.5m | 145.4% | PS2x | |
| ELG Elmos Semiconductor | €150.80 | 3.7% +€92.6m | 72.3% | PE25.3x | |
| SMHN SUSS MicroTec | €83.90 | 6.1% +€91.8m | 195.2% | PE62.4x |
