Narrative Update • May 15
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- 7D9.9%
- 3M44.1%
- 1Y99.4%
- YTD72.6%
Over the last 7 days, the Semiconductors industry has risen 5.9%, driven by gains from Infineon Technologies of 11%. In the same time, Siltronic was down 5.3%. This means that the industry has gained 107% over the past year. As for the next few years, earnings are expected to grow by 30% 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 |
|---|---|---|---|---|---|---|
| Wed, 20 May 2026 | €98.8b | €18.4b | €1.2b | 63.2x | 85x | 5.4x |
| Fri, 17 Apr 2026 | €71.9b | €18.2b | €1.2b | 54.1x | 60.7x | 3.9x |
| Sun, 15 Mar 2026 | €61.9b | €18.5b | €1.2b | 43.1x | 52.1x | 3.4x |
| Tue, 10 Feb 2026 | €62.6b | €18.5b | €1.2b | 27.5x | 51.5x | 3.4x |
| Thu, 08 Jan 2026 | €62.6b | €18.3b | €1.2b | 29x | 52.9x | 3.4x |
| Sat, 06 Dec 2025 | €56.1b | €18.5b | €1.2b | 22.8x | 46x | 3x |
| Mon, 03 Nov 2025 | €51.9b | €20.0b | €1.2b | 17.2x | 44.7x | 2.6x |
| Wed, 01 Oct 2025 | €50.3b | €20.0b | €1.2b | 21x | 40.9x | 2.5x |
| Fri, 29 Aug 2025 | €53.8b | €20.0b | €1.2b | 18.9x | 43.8x | 2.7x |
| Sun, 27 Jul 2025 | €52.1b | €20.1b | €1.4b | 17.4x | 36.8x | 2.6x |
| Tue, 24 Jun 2025 | €51.5b | €20.1b | €1.4b | 15.4x | 36.4x | 2.6x |
| Thu, 22 May 2025 | €51.3b | €20.1b | €1.4b | 13.5x | 36.3x | 2.6x |
| Sat, 19 Apr 2025 | €39.7b | €20.0b | €1.6b | 11.5x | 24.4x | 2x |
| Mon, 17 Mar 2025 | €51.5b | €20.1b | €1.8b | 12.2x | 28.8x | 2.6x |
| Wed, 12 Feb 2025 | €54.0b | €20.1b | €1.8b | 13.4x | 29.6x | 2.7x |
| Fri, 10 Jan 2025 | €48.7b | €20.4b | €2.2b | 13.4x | 22.2x | 2.4x |
| Sun, 08 Dec 2024 | €49.2b | €20.4b | €2.2b | 13.4x | 22.4x | 2.4x |
| Tue, 05 Nov 2024 | €44.6b | €20.8b | €2.7b | 13.3x | 16.8x | 2.1x |
| Thu, 03 Oct 2024 | €47.6b | €20.8b | €2.7b | 14.2x | 17.8x | 2.3x |
| Sat, 31 Aug 2024 | €51.3b | €20.8b | €2.7b | 15x | 19.2x | 2.5x |
| Mon, 29 Jul 2024 | €48.8b | €21.2b | €3.2b | 14x | 15.5x | 2.3x |
| Wed, 26 Jun 2024 | €53.0b | €21.3b | €3.2b | 13.4x | 16.4x | 2.5x |
| Fri, 24 May 2024 | €59.9b | €21.4b | €3.2b | 15.8x | 18.5x | 2.8x |
| Sun, 21 Apr 2024 | €48.7b | €21.8b | €3.7b | 13.1x | 13.2x | 2.2x |
| Tue, 19 Mar 2024 | €52.1b | €21.6b | €3.7b | 14x | 14.1x | 2.4x |
| Thu, 15 Feb 2024 | €54.5b | €21.6b | €3.8b | 14.4x | 14.5x | 2.5x |
| Sat, 13 Jan 2024 | €55.8b | €21.9b | €3.9b | 14.4x | 14.4x | 2.6x |
| Mon, 11 Dec 2023 | €60.1b | €21.9b | €3.9b | 15.9x | 15.5x | 2.7x |
| Wed, 08 Nov 2023 | €48.6b | €21.5b | €3.8b | 14.3x | 12.8x | 2.3x |
| Fri, 06 Oct 2023 | €53.0b | €21.7b | €3.9b | 13.5x | 13.7x | 2.4x |
| Sun, 03 Sep 2023 | €54.4b | €21.7b | €3.9b | 15x | 14.1x | 2.5x |
| Tue, 01 Aug 2023 | €64.8b | €21.0b | €3.5b | 18x | 18.7x | 3.1x |
| Thu, 29 Jun 2023 | €58.0b | €20.9b | €3.5b | 18.7x | 16.7x | 2.8x |
| Sat, 27 May 2023 | €57.2b | €20.9b | €3.5b | 17.7x | 16.5x | 2.7x |
Price to Earnings Ratio
16.5x
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 87.2x which is higher than its 3-year average PE of 27.9x.
- The 3-year average PS ratio of 2.7x is lower than the industry's current PS ratio of 5.5x.
Past Earnings Growth
- The earnings for companies in the Semiconductor industry have declined 31% per year over the last three years,
- Revenues have also declined 4.3% 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 | 1.49% | |
| Tech | 9.07% | |
| Semiconductors | 9.85% | |
| Semiconductors | 10.76% | |
| Semiconductor Equipment | 3.19% | |
Industry PE
- Investors are most optimistic about the Semiconductors industry which is trading above its 3-year average PE ratio of 27.5x.
- Analysts are expecting annual earnings growth of 30.1%, 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 33% over the next 5 years.
- This is better than its past earnings decline of 42% per year.
- In contrast, the Semiconductors industry is expected to see its earnings grow by 30% 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 | €64.64 | 11.2% +€8.4b | 90.7% | PE78.2x | |
| AIXA AIXTRON | €50.00 | 7.9% +€411.7m | 291.7% | PE96.9x | |
| ELG Elmos Semiconductor | €174.80 | 2.8% +€82.4m | 153.3% | PE27.6x | |
| SMHN SUSS MicroTec | €85.50 | 3.1% +€49.7m | 125.0% | PE46.2x | |
| TPE PVA TePla | €41.40 | 3.3% +€29.1m | 161.4% | PE118.1x |