Narrative Update • Aug 05
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- 7D1.8%
- 3M4.0%
- 1Y81.2%
- YTD63.5%
Over the last 7 days, the Semiconductors industry has risen 1.8%, driven by gains from Infineon Technologies of 1.7%. During this same period, the PVA TePla underperformed, falling 12%. This takes the industry's 12 month performance to a gain of 81%. As for the next few years, earnings are expected to grow by 35% 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 |
|---|---|---|---|---|---|---|
| Tue, 11 Aug 2026 | €94.6b | €19.0b | €1.2b | 67.5x | 77.5x | 5x |
| Thu, 09 Jul 2026 | €105.7b | €18.6b | €1.2b | 82.8x | 90.4x | 5.7x |
| Sat, 06 Jun 2026 | €115.0b | €18.4b | €1.2b | 91x | 94.7x | 6.2x |
| Mon, 04 May 2026 | €88.0b | €18.2b | €1.1b | 62.2x | 78.2x | 4.8x |
| Wed, 01 Apr 2026 | €59.3b | €18.3b | €1.2b | 49.2x | 49.8x | 3.2x |
| Fri, 27 Feb 2026 | €70.3b | €18.5b | €1.2b | 35.1x | 56.9x | 3.8x |
| Sun, 25 Jan 2026 | €63.1b | €18.3b | €1.2b | 31.8x | 53.3x | 3.5x |
| Tue, 23 Dec 2025 | €54.6b | €18.3b | €1.2b | 25.3x | 46.1x | 3x |
| Thu, 20 Nov 2025 | €49.6b | €18.5b | €1.2b | 21.9x | 40.7x | 2.7x |
| Sat, 18 Oct 2025 | €49.5b | €20.1b | €1.2b | 20.6x | 40x | 2.5x |
| Mon, 15 Sep 2025 | €47.4b | €20.0b | €1.2b | 19.4x | 38.6x | 2.4x |
| Wed, 13 Aug 2025 | €54.5b | €20.1b | €1.2b | 15.5x | 43.9x | 2.7x |
| Fri, 11 Jul 2025 | €57.3b | €20.1b | €1.4b | 17.7x | 40.5x | 2.9x |
| Sun, 08 Jun 2025 | €53.0b | €20.1b | €1.4b | 14.1x | 37.4x | 2.6x |
| Tue, 06 May 2025 | €45.1b | €20.1b | €1.6b | 13.6x | 28.1x | 2.2x |
| Thu, 03 Apr 2025 | €45.3b | €20.0b | €1.6b | 11.6x | 27.8x | 2.3x |
| Sat, 01 Mar 2025 | €53.0b | €20.1b | €1.8b | 12.9x | 29.1x | 2.6x |
| Mon, 27 Jan 2025 | €50.8b | €20.4b | €2.2b | 13.4x | 23.1x | 2.5x |
| Wed, 25 Dec 2024 | €47.6b | €20.4b | €2.2b | 13x | 21.7x | 2.3x |
| Fri, 22 Nov 2024 | €44.0b | €20.6b | €2.3b | 11.5x | 19.2x | 2.1x |
| Sun, 20 Oct 2024 | €47.1b | €20.8b | €2.7b | 13.4x | 17.6x | 2.3x |
| Tue, 17 Sep 2024 | €45.2b | €20.8b | €2.7b | 14x | 16.9x | 2.2x |
| Thu, 15 Aug 2024 | €47.9b | €20.8b | €2.7b | 14.5x | 17.9x | 2.3x |
| Sat, 13 Jul 2024 | €56.3b | €21.3b | €3.2b | 14.6x | 17.5x | 2.6x |
| Mon, 10 Jun 2024 | €59.6b | €21.3b | €3.2b | 15.7x | 18.5x | 2.8x |
| Wed, 08 May 2024 | €57.4b | €21.8b | €3.7b | 15.7x | 15.6x | 2.6x |
| Fri, 05 Apr 2024 | €51.5b | €21.8b | €3.7b | 13.9x | 14x | 2.4x |
| Sun, 03 Mar 2024 | €55.3b | €21.6b | €3.8b | 14.9x | 14.7x | 2.6x |
| Tue, 30 Jan 2024 | €55.0b | €21.9b | €3.9b | 14.1x | 14.1x | 2.5x |
| Thu, 28 Dec 2023 | €61.6b | €21.9b | €3.9b | 16.3x | 15.9x | 2.8x |
| Sat, 25 Nov 2023 | €54.9b | €21.9b | €3.9b | 14.5x | 14.1x | 2.5x |
| Mon, 23 Oct 2023 | €48.5b | €21.6b | €3.8b | 13.8x | 12.6x | 2.2x |
| Wed, 20 Sep 2023 | €51.2b | €21.7b | €3.9b | 13.1x | 13.3x | 2.4x |
| Fri, 18 Aug 2023 | €53.5b | €21.7b | €3.9b | 14.7x | 13.9x | 2.5x |
Price to Earnings Ratio
13.9x
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 77.5x which is higher than its 3-year average PE of 33.6x.
- The 3-year average PS ratio of 2.9x is lower than the industry's current PS ratio of 5.0x.
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 | 0.69% | |
| Tech | 6.04% | |
| Semiconductors | 1.79% | |
| Semiconductor Equipment | 3.19% | |
| Semiconductors | 1.64% | |
Industry PE
- Investors are most optimistic about the Semiconductors industry which is trading above its 3-year average PE ratio of 32.4x.
- Analysts are expecting annual earnings growth of 34.4%, 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 52% per year.
- In contrast, the Semiconductors industry is expected to see its earnings grow by 34% 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 | €62.53 | 1.7% +€1.4b | 77.2% | PE67.5x | |
| AIXA AIXTRON | €40.47 | 8.0% +€337.2m | 198.7% | PE78.5x | |
| SMHN SUSS MicroTec | €77.30 | 3.3% +€47.8m | 160.3% | PE56.9x | |
| P4O Planoptik | €8.62 | 16.5% +€5.5m | 108.2% | PS3.4x | |
| CTNK centrotherm international | €9.60 | 2.7% +€5.3m | 79.4% | PE10.6x |