Narrative Update • May 23
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- 7D14.2%
- 3M66.1%
- 1Y132.6%
- YTD102.1%
Over the last 7 days, the Semiconductors industry has risen 14%, driven by gains from Infineon Technologies of 16%. In the last 12 months, the industry was up 133%. Looking forward, earnings are forecast to grow by 30% 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 |
|---|---|---|---|---|---|---|
| Tue, 26 May 2026 | €115.5b | €18.4b | €1.2b | 71.4x | 94.5x | 6.3x |
| Thu, 23 Apr 2026 | €77.2b | €18.2b | €1.2b | 61.7x | 65.1x | 4.2x |
| Sat, 21 Mar 2026 | €58.9b | €18.5b | €1.2b | 43.8x | 50.5x | 3.2x |
| Mon, 16 Feb 2026 | €64.9b | €18.5b | €1.2b | 30.4x | 53.4x | 3.5x |
| Wed, 14 Jan 2026 | €63.2b | €18.3b | €1.2b | 30.4x | 53.4x | 3.5x |
| Fri, 12 Dec 2025 | €54.8b | €18.5b | €1.2b | 22x | 45x | 3x |
| Sun, 09 Nov 2025 | €49.2b | €18.5b | €1.4b | 20.5x | 36.1x | 2.7x |
| Tue, 07 Oct 2025 | €52.1b | €20.1b | €1.2b | 22.3x | 42.1x | 2.6x |
| Thu, 04 Sep 2025 | €47.1b | €20.0b | €1.2b | 19.5x | 38.3x | 2.4x |
| Sat, 02 Aug 2025 | €50.7b | €20.0b | €1.4b | 15.6x | 36x | 2.5x |
| Mon, 30 Jun 2025 | €53.7b | €20.1b | €1.4b | 16.9x | 37.9x | 2.7x |
| Wed, 28 May 2025 | €51.4b | €20.1b | €1.4b | 14x | 36.3x | 2.6x |
| Fri, 25 Apr 2025 | €44.0b | €20.0b | €1.6b | 12.8x | 27x | 2.2x |
| Sun, 23 Mar 2025 | €49.6b | €20.1b | €1.8b | 12.5x | 27.3x | 2.5x |
| Tue, 18 Feb 2025 | €55.8b | €20.1b | €1.8b | 13.3x | 30.6x | 2.8x |
| Thu, 16 Jan 2025 | €49.9b | €20.4b | €2.2b | 13.5x | 22.7x | 2.5x |
| Sat, 14 Dec 2024 | €49.7b | €20.4b | €2.2b | 13.6x | 22.6x | 2.4x |
| Mon, 11 Nov 2024 | €44.1b | €20.9b | €2.7b | 12.8x | 16.6x | 2.1x |
| Wed, 09 Oct 2024 | €46.5b | €20.8b | €2.7b | 14x | 17.4x | 2.2x |
| Fri, 06 Sep 2024 | €46.8b | €20.8b | €2.7b | 14x | 17.5x | 2.2x |
| Sun, 04 Aug 2024 | €46.9b | €21.2b | €3.2b | 13.5x | 14.9x | 2.2x |
| Tue, 02 Jul 2024 | €53.3b | €21.3b | €3.2b | 13.1x | 16.6x | 2.5x |
| Thu, 30 May 2024 | €58.2b | €21.3b | €3.2b | 15.6x | 18x | 2.7x |
| Sat, 27 Apr 2024 | €53.0b | €21.8b | €3.7b | 14.4x | 14.3x | 2.4x |
| Mon, 25 Mar 2024 | €51.1b | €21.6b | €3.7b | 13.9x | 13.8x | 2.4x |
| Wed, 21 Feb 2024 | €53.8b | €21.6b | €3.8b | 14.2x | 14.3x | 2.5x |
| Fri, 19 Jan 2024 | €55.6b | €21.9b | €3.9b | 14.3x | 14.3x | 2.5x |
| Sun, 17 Dec 2023 | €62.7b | €21.9b | €3.9b | 16.3x | 16.1x | 2.9x |
| Tue, 14 Nov 2023 | €49.0b | €21.9b | €3.9b | 14.2x | 12.7x | 2.2x |
| Thu, 12 Oct 2023 | €53.6b | €21.7b | €3.9b | 13.8x | 13.9x | 2.5x |
| Sat, 09 Sep 2023 | €53.3b | €21.7b | €3.9b | 14x | 13.8x | 2.5x |
| Mon, 07 Aug 2023 | €57.2b | €21.5b | €3.8b | 15.6x | 15.1x | 2.7x |
| Wed, 05 Jul 2023 | €61.3b | €20.9b | €3.5b | 18.2x | 17.7x | 2.9x |
| Fri, 02 Jun 2023 | €58.5b | €20.9b | €3.5b | 17.5x | 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 94.5x which is higher than its 3-year average PE of 28.3x.
- The 3-year average PS ratio of 2.7x is lower than the industry's current PS ratio of 6.3x.
Past Earnings Growth
- The earnings for companies in the Semiconductor industry have declined 29% per year over the last three years,
- Revenues have also declined 4.1% 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 | 3.86% | |
| Tech | 7.74% | |
| Semiconductors | 14.20% | |
| Semiconductors | 15.27% | |
| Semiconductor Equipment | 5.83% | |
Industry PE
- Investors are most optimistic about the Semiconductor Equipment industry which is trading above its 3-year average PE ratio of 156x.
- Analysts are expecting annual earnings growth of 28.3%, which is higher than its past year's earnings decline of 42.1% per year.
- Investors are most pessimistic about the Semiconductors industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 27.8x.
Forecasted Growth
- Analysts are most optimistic on the Semiconductors industry, expecting annual earnings growth of 30% over the next 5 years.
- This is better than its past earnings decline of 12% per year.
- In contrast, the Semiconductor Equipment industry is expected to see its earnings grow by 28% 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 | €76.73 | 15.7% +€13.5b | 125.3% | PE92.8x | |
| AIXA AIXTRON | €54.00 | 7.2% +€410.5m | 336.0% | PE104.6x | |
| ELG Elmos Semiconductor | €189.00 | 6.7% +€202.4m | 174.7% | PE29.8x | |
| WAF Siltronic | €94.60 | 7.4% +€196.5m | 165.7% | PS2.1x | |
| SMHN SUSS MicroTec | €92.30 | 3.8% +€65.0m | 142.9% | PE49.9x |
