Narrative Update • May 09
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- 7D7.9%
- 3M55.6%
- 1Y94.9%
- YTD72.7%
Over the last 7 days, the Semiconductors industry has risen 7.9%, driven by gains from Infineon Technologies of 8.7%. During this same period, the Elmos Semiconductor underperformed, falling 5.4%. In the last 12 months, the industry was up 95%. 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 |
|---|---|---|---|---|---|---|
| Thu, 14 May 2026 | €99.0b | €18.4b | €1.2b | 63.4x | 85.2x | 5.4x |
| Sat, 11 Apr 2026 | €67.3b | €18.2b | €1.2b | 50.5x | 56.8x | 3.7x |
| Mon, 09 Mar 2026 | €60.6b | €18.5b | €1.2b | 38.1x | 49.3x | 3.3x |
| Wed, 04 Feb 2026 | €61.2b | €18.3b | €1.2b | 29x | 51x | 3.4x |
| Fri, 02 Jan 2026 | €56.1b | €18.3b | €1.2b | 26x | 47.4x | 3.1x |
| Sun, 30 Nov 2025 | €54.5b | €18.5b | €1.2b | 22.3x | 44.7x | 2.9x |
| Tue, 28 Oct 2025 | €52.3b | €20.1b | €1.2b | 20.6x | 42.2x | 2.6x |
| Thu, 25 Sep 2025 | €50.8b | €20.0b | €1.2b | 21.3x | 41.3x | 2.5x |
| Sat, 23 Aug 2025 | €54.7b | €20.0b | €1.2b | 18.9x | 44.3x | 2.7x |
| Mon, 21 Jul 2025 | €57.1b | €20.1b | €1.4b | 18x | 40.4x | 2.8x |
| Wed, 18 Jun 2025 | €52.0b | €20.1b | €1.4b | 15.5x | 36.7x | 2.6x |
| Fri, 16 May 2025 | €50.4b | €20.1b | €1.4b | 14.1x | 35.6x | 2.5x |
| Sun, 13 Apr 2025 | €38.4b | €20.0b | €1.6b | 10.5x | 23.6x | 1.9x |
| Tue, 11 Mar 2025 | €50.8b | €20.1b | €1.8b | 12.6x | 28.4x | 2.5x |
| Thu, 06 Feb 2025 | €51.0b | €20.1b | €1.8b | 12.9x | 27.7x | 2.5x |
| Sat, 04 Jan 2025 | €46.9b | €20.4b | €2.2b | 12.9x | 21.4x | 2.3x |
| Mon, 02 Dec 2024 | €46.5b | €20.4b | €2.2b | 12.5x | 21.2x | 2.3x |
| Wed, 30 Oct 2024 | €47.0b | €20.8b | €2.7b | 13.3x | 17.7x | 2.3x |
| Fri, 27 Sep 2024 | €47.7b | €20.8b | €2.7b | 14.3x | 17.8x | 2.3x |
| Sun, 25 Aug 2024 | €50.2b | €20.8b | €2.7b | 15.1x | 18.7x | 2.4x |
| Tue, 23 Jul 2024 | €53.5b | €21.3b | €3.2b | 14.1x | 16.6x | 2.5x |
| Thu, 20 Jun 2024 | €54.1b | €21.3b | €3.2b | 13.9x | 16.8x | 2.5x |
| Sat, 18 May 2024 | €58.1b | €21.4b | €3.2b | 15.4x | 18x | 2.7x |
| Mon, 15 Apr 2024 | €51.7b | €21.8b | €3.7b | 14x | 14x | 2.4x |
| Wed, 13 Mar 2024 | €56.2b | €21.7b | €3.8b | 15.2x | 14.9x | 2.6x |
| Fri, 09 Feb 2024 | €54.5b | €21.6b | €3.8b | 14.5x | 14.5x | 2.5x |
| Sun, 07 Jan 2024 | €57.2b | €21.9b | €3.9b | 15.1x | 14.7x | 2.6x |
| Tue, 05 Dec 2023 | €58.2b | €21.9b | €3.9b | 15.7x | 15x | 2.7x |
| Thu, 02 Nov 2023 | €45.6b | €21.7b | €3.9b | 13x | 11.8x | 2.1x |
| Sat, 30 Sep 2023 | €52.0b | €21.7b | €3.9b | 13.2x | 13.5x | 2.4x |
| Mon, 28 Aug 2023 | €53.1b | €21.7b | €3.9b | 15x | 13.8x | 2.5x |
| Wed, 26 Jul 2023 | €60.9b | €20.9b | €3.5b | 18.5x | 17.6x | 2.9x |
| Fri, 23 Jun 2023 | €60.1b | €20.9b | €3.5b | 19.1x | 17.3x | 2.9x |
| Sun, 21 May 2023 | €58.8b | €20.9b | €3.5b | 17.1x | 17x | 2.8x |
Price to Earnings Ratio
17x
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 85.2x which is higher than its 3-year average PE of 27.5x.
- 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 | -2.46% | |
| Tech | -2.79% | |
| Semiconductors | 7.92% | |
| Semiconductors | 8.07% | |
| Semiconductor Equipment | 6.78% | |
Industry PE
- Investors are most optimistic about the Semiconductors industry which is trading above its 3-year average PE ratio of 27.2x.
- 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 | €64.36 | 8.7% +€6.7b | 86.3% | PE77.9x | |
| WAF Siltronic | €92.25 | 11.8% +€291.0m | 136.7% | PS2.1x | |
| AIXA AIXTRON | €51.56 | 3.2% +€180.5m | 279.3% | PE99.9x | |
| SMHN SUSS MicroTec | €87.75 | 7.7% +€120.4m | 124.1% | PE47.4x | |
| TPE PVA TePla | €41.76 | 10.2% +€84.0m | 140.6% | PE119.1x |
