Narrative Update • May 15
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- 7D4.2%
- 3M54.2%
- 1Y103.9%
- YTD74.5%
Over the last 7 days, the Semiconductors industry has risen 4.2%, driven by gains from Infineon Technologies of 5.7%. During this same period, the Elmos Semiconductor underperformed, falling 15%. In the last 12 months, the industry was up 104%. 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 |
|---|---|---|---|---|---|---|
| Sat, 16 May 2026 | €99.9b | €18.4b | €1.2b | 63.6x | 86x | 5.4x |
| Mon, 13 Apr 2026 | €67.3b | €18.2b | €1.2b | 50.5x | 56.8x | 3.7x |
| Wed, 11 Mar 2026 | €63.4b | €18.5b | €1.2b | 41.9x | 51.6x | 3.4x |
| Fri, 06 Feb 2026 | €61.6b | €18.5b | €1.2b | 25.8x | 50.7x | 3.3x |
| Sun, 04 Jan 2026 | €57.2b | €18.3b | €1.2b | 28x | 48.3x | 3.1x |
| Tue, 02 Dec 2025 | €53.1b | €18.5b | €1.2b | 21.3x | 43.6x | 2.9x |
| Thu, 30 Oct 2025 | €52.1b | €20.0b | €1.2b | 13.2x | 44.1x | 2.6x |
| Sat, 27 Sep 2025 | €49.5b | €20.0b | €1.2b | 21.1x | 40.3x | 2.5x |
| Mon, 25 Aug 2025 | €54.7b | €20.0b | €1.2b | 18.9x | 44.4x | 2.7x |
| Wed, 23 Jul 2025 | €55.6b | €20.1b | €1.4b | 17.5x | 39.3x | 2.8x |
| Fri, 20 Jun 2025 | €50.7b | €20.1b | €1.4b | 15x | 35.9x | 2.5x |
| Sun, 18 May 2025 | €49.7b | €20.1b | €1.4b | 13.9x | 35.2x | 2.5x |
| Tue, 15 Apr 2025 | €39.7b | €20.0b | €1.6b | 11x | 24.4x | 2x |
| Thu, 13 Mar 2025 | €51.7b | €20.1b | €1.8b | 12.5x | 28.9x | 2.6x |
| Sat, 08 Feb 2025 | €54.1b | €20.1b | €1.8b | 13x | 29.7x | 2.7x |
| Mon, 06 Jan 2025 | €46.9b | €20.4b | €2.2b | 12.9x | 21.4x | 2.3x |
| Wed, 04 Dec 2024 | €47.7b | €20.4b | €2.2b | 12.8x | 21.7x | 2.3x |
| Fri, 01 Nov 2024 | €45.4b | €20.8b | €2.7b | 13.2x | 17.1x | 2.2x |
| Sun, 29 Sep 2024 | €50.5b | €20.8b | €2.7b | 14.4x | 18.8x | 2.4x |
| Tue, 27 Aug 2024 | €50.0b | €20.8b | €2.7b | 15x | 18.7x | 2.4x |
| Thu, 25 Jul 2024 | €51.1b | €21.3b | €3.2b | 13.7x | 15.9x | 2.4x |
| Sat, 22 Jun 2024 | €52.9b | €21.3b | €3.2b | 13.7x | 16.4x | 2.5x |
| Mon, 20 May 2024 | €58.1b | €21.4b | €3.2b | 15.4x | 18x | 2.7x |
| Wed, 17 Apr 2024 | €52.0b | €21.8b | €3.7b | 14.1x | 14.1x | 2.4x |
| Fri, 15 Mar 2024 | €54.8b | €21.6b | €3.7b | 14.8x | 14.8x | 2.5x |
| Sun, 11 Feb 2024 | €55.4b | €21.6b | €3.8b | 14.7x | 14.7x | 2.6x |
| Tue, 09 Jan 2024 | €58.2b | €21.9b | €3.9b | 15.3x | 15x | 2.7x |
| Thu, 07 Dec 2023 | €59.6b | €21.9b | €3.9b | 16x | 15.4x | 2.7x |
| Sat, 04 Nov 2023 | €48.3b | €21.7b | €3.9b | 13.8x | 12.5x | 2.2x |
| Mon, 02 Oct 2023 | €52.0b | €21.7b | €3.9b | 13.2x | 13.5x | 2.4x |
| Wed, 30 Aug 2023 | €54.9b | €21.7b | €3.9b | 15.4x | 14.2x | 2.5x |
| Fri, 28 Jul 2023 | €60.1b | €20.9b | €3.5b | 17.8x | 17.4x | 2.9x |
| Sun, 25 Jun 2023 | €58.5b | €20.9b | €3.5b | 19x | 16.9x | 2.8x |
| Tue, 23 May 2023 | €58.7b | €20.9b | €3.5b | 17.2x | 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 86.0x which is higher than its 3-year average PE of 27.6x.
- The 3-year average PS ratio of 2.7x is lower than the industry's current PS ratio of 5.4x.
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 4.2% 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 | -0.94% | |
| Tech | 0.50% | |
| Semiconductors | 4.18% | |
| Semiconductors | 4.83% | |
| Semiconductor Equipment | -0.55% | |
Industry PE
- Investors are most optimistic about the Semiconductors industry which is trading above its 3-year average PE ratio of 27.3x.
- 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 | €65.19 | 5.7% +€4.6b | 95.2% | PE78.9x | |
| AIXA AIXTRON | €51.98 | 3.9% +€218.8m | 307.8% | PE100.7x | |
| CTNK centrotherm international | €9.40 | 15.3% +€26.5m | 175.7% | PE5.8x | |
| SMHN SUSS MicroTec | €89.50 | 1.1% +€19.1m | 125.2% | PE48.4x | |
| P4O Planoptik | €12.75 | 18.6% +€9.0m | 300.9% | PS4.8x |
