Narrative Update • May 09
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- 7D8.9%
- 3M49.1%
- 1Y91.2%
- YTD67.0%
The Semiconductors industry is up 8.9% in the last week, with Infineon Technologies up 8.8%. In the last 12 months, the industry was up 106%. 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 |
|---|---|---|---|---|---|---|
| Tue, 12 May 2026 | €95.5b | €18.4b | €1.2b | 61.7x | 82.2x | 5.2x |
| Thu, 09 Apr 2026 | €66.8b | €18.2b | €1.2b | 49.8x | 56.4x | 3.7x |
| Sat, 07 Mar 2026 | €60.8b | €18.5b | €1.2b | 38.1x | 49.4x | 3.3x |
| Mon, 02 Feb 2026 | €62.1b | €18.3b | €1.2b | 29.8x | 51.8x | 3.4x |
| Wed, 31 Dec 2025 | €56.1b | €18.3b | €1.2b | 26x | 47.4x | 3.1x |
| Fri, 28 Nov 2025 | €53.6b | €18.5b | €1.2b | 22.4x | 44x | 2.9x |
| Sun, 26 Oct 2025 | €51.1b | €20.1b | €1.2b | 20.8x | 41.3x | 2.5x |
| Tue, 23 Sep 2025 | €49.9b | €20.0b | €1.2b | 20.7x | 40.6x | 2.5x |
| Thu, 21 Aug 2025 | €53.9b | €20.0b | €1.2b | 18.5x | 43.7x | 2.7x |
| Sat, 19 Jul 2025 | €57.1b | €20.1b | €1.4b | 18x | 40.4x | 2.8x |
| Mon, 16 Jun 2025 | €52.5b | €20.1b | €1.4b | 14.7x | 37.1x | 2.6x |
| Wed, 14 May 2025 | €51.6b | €20.1b | €1.4b | 14.3x | 36.3x | 2.6x |
| Fri, 11 Apr 2025 | €38.5b | €20.0b | €1.6b | 10.4x | 23.6x | 1.9x |
| Sun, 09 Mar 2025 | €53.1b | €20.1b | €1.8b | 13x | 29.7x | 2.6x |
| Tue, 04 Feb 2025 | €48.0b | €20.4b | €2.2b | 13.1x | 21.9x | 2.4x |
| Thu, 02 Jan 2025 | €47.5b | €20.4b | €2.2b | 13x | 21.6x | 2.3x |
| Sat, 30 Nov 2024 | €46.5b | €20.4b | €2.2b | 12.5x | 21.2x | 2.3x |
| Mon, 28 Oct 2024 | €47.0b | €20.8b | €2.7b | 13.4x | 17.7x | 2.3x |
| Wed, 25 Sep 2024 | €45.9b | €20.8b | €2.7b | 13.9x | 17.1x | 2.2x |
| Fri, 23 Aug 2024 | €50.1b | €20.8b | €2.7b | 15.1x | 18.7x | 2.4x |
| Sun, 21 Jul 2024 | €51.8b | €21.3b | €3.2b | 13.9x | 16.1x | 2.4x |
| Tue, 18 Jun 2024 | €56.6b | €21.3b | €3.2b | 14.4x | 17.6x | 2.7x |
| Thu, 16 May 2024 | €59.5b | €21.4b | €3.2b | 15.5x | 18.4x | 2.8x |
| Sat, 13 Apr 2024 | €51.7b | €21.8b | €3.7b | 14x | 14x | 2.4x |
| Mon, 11 Mar 2024 | €55.4b | €21.7b | €3.8b | 15x | 14.7x | 2.6x |
| Wed, 07 Feb 2024 | €54.7b | €21.9b | €3.9b | 14.1x | 14.1x | 2.5x |
| Fri, 05 Jan 2024 | €57.0b | €21.9b | €3.9b | 15.1x | 14.7x | 2.6x |
| Sun, 03 Dec 2023 | €58.5b | €21.9b | €3.9b | 15.7x | 15.1x | 2.7x |
| Tue, 31 Oct 2023 | €45.4b | €21.7b | €3.9b | 13x | 11.7x | 2.1x |
| Thu, 28 Sep 2023 | €50.9b | €21.7b | €3.9b | 13.5x | 13.2x | 2.4x |
| Sat, 26 Aug 2023 | €53.1b | €21.7b | €3.9b | 15x | 13.8x | 2.5x |
| Mon, 24 Jul 2023 | €60.3b | €20.9b | €3.5b | 18x | 17.4x | 2.9x |
| Wed, 21 Jun 2023 | €60.3b | €20.9b | €3.5b | 18.8x | 17.4x | 2.9x |
| Fri, 19 May 2023 | €58.3b | €20.9b | €3.5b | 17.1x | 16.6x | 2.8x |
Price to Earnings Ratio
16.6x
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 82.5x which is higher than its 3-year average PE of 27.4x.
- The 3-year average PS ratio of 2.7x is lower than the industry's current PS ratio of 5.2x.
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 | 1.40% | |
| Tech | 1.38% | |
| Semiconductors | 8.94% | |
| Semiconductor Equipment | 11.96% | |
| Semiconductors | 8.54% | |
Industry PE
- Investors are most optimistic about the Semiconductors industry which is trading above its 3-year average PE ratio of 27.1x.
- Analysts are expecting annual earnings growth of 29.9%, 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 | €61.79 | 8.8% +€6.6b | 81.6% | PE74.8x | |
| WAF Siltronic | €96.30 | 19.6% +€474.0m | 144.3% | PS2.2x | |
| SMHN SUSS MicroTec | €87.15 | 13.8% +€202.6m | 128.6% | PE47.1x | |
| ELG Elmos Semiconductor | €192.60 | 4.6% +€144.1m | 166.4% | PE30.4x | |
| TPE PVA TePla | €42.70 | 15.2% +€122.7m | 152.8% | PE121.8x |
