What Does SÜSS MicroTec SE's (ETR:SMHN) Share Price Indicate?
While SÜSS MicroTec SE ( ETR:SMHN ) might not be the most widely known stock at the moment, it saw significant share...
Has the German Semiconductors Industry valuation changed over the past few years?
|Fri, 26 Nov 2021||€64.7b||€15.0b||€1.6b||38.1x|
|Sun, 24 Oct 2021||€65.6b||€15.5b||€1.2b||46.1x|
|Tue, 21 Sep 2021||€61.8b||€15.5b||€1.2b||38x|
|Thu, 19 Aug 2021||€54.4b||€15.1b||€1.0b||37.5x|
|Thu, 03 Jun 2021||€53.7b||€14.5b||€650.8m||43.5x|
|Sun, 07 Mar 2021||€57.5b||€13.8b||€584.6m||60.4x|
|Wed, 09 Dec 2020||€47.0b||€13.1b||€480.8m||61.6x|
|Tue, 01 Sep 2020||€36.5b||€12.7b||€498.2m||65.7x|
|Fri, 05 Jun 2020||€30.5b||€12.5b||€847.6m||28x|
|Mon, 09 Mar 2020||€29.5b||€12.5b||€975.4m||28x|
|Sun, 01 Dec 2019||€30.2b||€12.5b||€930.7m||24.9x|
|Wed, 04 Sep 2019||€24.5b||€12.5b||€1.1b||21.9x|
|Sat, 08 Jun 2019||€23.3b||€12.5b||€1.2b||24.5x|
|Fri, 01 Mar 2019||€27.4b||€12.3b||€1.5b||26.7x|
|Mon, 03 Dec 2018||€26.3b||€12.1b||€1.6b||23.7x|
Current Industry PE: Investors are relatively neutral on the industry at the moment, considering it's trading close to its 3-year average PE ratio of 36.9x. It appears they believe that earnings will grow in-line with historical growth rates.
Past Earnings Growth: The earnings for companies in the Semiconductor industry have remained mostly flat over the last three years, while revenues for these companies have grown 7.3% per year.This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased and as a result, profits have held steady.
Which industries have driven the changes within the German Semiconductors industry?
Industry PE: Investors are most optimistic about the Semiconductor Equipment industry, which is trading close to its 3-year average PE ratio of 36.3x. However analysts are expecting annual earnings growth of 22%, which is lower than the prior year's growth of 58% per year. So the market might believe that analysts are underestimating future growth. Meanwhile, investors are most pessimistic about the Semiconductors industry, which is trading below its 3-year average of 49.8x.
Forecasted Growth: Analysts are most optimistic on the Semiconductor Equipment industry, expecting annual earnings growth of 22% over the next 5 years. However this is lower than its past earnings growth rate of 58% per year. Meanwhile, the Semiconductors industry is expected to see its earnings grow by 16% per year over the next few years.
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