Weak Statutory Earnings May Not Tell The Whole Story For SUSS MicroTec (ETR:SMHN)
Apr 06
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- 7D3.4%
- 3M2.0%
- 1Y57.7%
- YTD6.4%
In the last week, the Semiconductors industry is up 3.4%, with Infineon Technologies up 4.4%. This means that the industry has gained 58% over the past year. Earnings are forecast to grow by 26% 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 |
|---|---|---|---|---|---|---|
| Mon, 06 Apr 2026 | €60.9b | €18.3b | €1.2b | 50.2x | 51.1x | 3.3x |
| Wed, 04 Mar 2026 | €63.7b | €18.5b | €1.2b | 38.2x | 51.8x | 3.5x |
| Fri, 30 Jan 2026 | €62.1b | €18.3b | €1.2b | 30.1x | 52.5x | 3.4x |
| Sun, 28 Dec 2025 | €54.6b | €18.3b | €1.2b | 25.6x | 46.1x | 3x |
| Tue, 25 Nov 2025 | €49.5b | €18.5b | €1.2b | 21.4x | 40.7x | 2.7x |
| Thu, 23 Oct 2025 | €51.9b | €20.1b | €1.2b | 21.2x | 41.9x | 2.6x |
| Sat, 20 Sep 2025 | €49.7b | €20.0b | €1.2b | 20.1x | 40.4x | 2.5x |
| Mon, 18 Aug 2025 | €54.3b | €20.0b | €1.2b | 18.6x | 44x | 2.7x |
| Wed, 16 Jul 2025 | €56.3b | €20.1b | €1.4b | 17.4x | 39.8x | 2.8x |
| Fri, 13 Jun 2025 | €52.8b | €20.1b | €1.4b | 14.8x | 37.3x | 2.6x |
| Sun, 11 May 2025 | €47.0b | €20.1b | €1.4b | 13.9x | 33.1x | 2.3x |
| Tue, 08 Apr 2025 | €37.6b | €20.0b | €1.6b | 10.2x | 23.1x | 1.9x |
| Thu, 06 Mar 2025 | €52.7b | €20.1b | €1.8b | 12.9x | 29x | 2.6x |
| Sat, 01 Feb 2025 | €48.0b | €20.4b | €2.2b | 13.4x | 21.9x | 2.4x |
| Mon, 30 Dec 2024 | €48.1b | €20.4b | €2.2b | 13.2x | 21.9x | 2.4x |
| Wed, 27 Nov 2024 | €46.0b | €20.4b | €2.2b | 12.3x | 20.8x | 2.3x |
| Fri, 25 Oct 2024 | €46.9b | €20.8b | €2.7b | 13.4x | 17.6x | 2.3x |
| Sun, 22 Sep 2024 | €45.3b | €20.8b | €2.7b | 14.1x | 16.9x | 2.2x |
| Tue, 20 Aug 2024 | €49.6b | €20.8b | €2.7b | 14.9x | 18.5x | 2.4x |
| Thu, 18 Jul 2024 | €54.5b | €21.3b | €3.2b | 14.3x | 16.9x | 2.6x |
| Sat, 15 Jun 2024 | €57.0b | €21.3b | €3.2b | 14.4x | 17.7x | 2.7x |
| Mon, 13 May 2024 | €59.1b | €21.4b | €3.2b | 15.6x | 18.3x | 2.8x |
| Wed, 10 Apr 2024 | €53.6b | €21.8b | €3.7b | 14.6x | 14.5x | 2.5x |
| Fri, 08 Mar 2024 | €56.4b | €21.7b | €3.8b | 15.3x | 15x | 2.6x |
| Sun, 04 Feb 2024 | €54.9b | €21.9b | €3.9b | 14.1x | 14.1x | 2.5x |
| Tue, 02 Jan 2024 | €61.4b | €21.9b | €3.9b | 16.3x | 15.8x | 2.8x |
| Thu, 30 Nov 2023 | €58.1b | €21.9b | €3.9b | 15.4x | 15x | 2.7x |
| Sat, 28 Oct 2023 | €48.0b | €21.7b | €3.9b | 13x | 12.4x | 2.2x |
| Mon, 25 Sep 2023 | €51.8b | €21.7b | €3.9b | 13.4x | 13.4x | 2.4x |
| Wed, 23 Aug 2023 | €54.7b | €21.7b | €3.9b | 15.1x | 14.2x | 2.5x |
| Fri, 21 Jul 2023 | €59.8b | €20.9b | €3.5b | 17.9x | 17.3x | 2.9x |
| Sun, 18 Jun 2023 | €61.6b | €20.9b | €3.5b | 18.9x | 17.8x | 3x |
| Tue, 16 May 2023 | €54.9b | €20.9b | €3.5b | 15.7x | 15.7x | 2.6x |
| Thu, 13 Apr 2023 | €58.5b | €20.0b | €3.1b | 19.1x | 18.9x | 2.9x |
Price to Earnings Ratio
18.9x
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 51.1x which is higher than its 3-year average PE of 25.8x.
- The 3-year average PS ratio of 2.6x is lower than the industry's current PS ratio of 3.3x.
Past Earnings Growth
- The earnings for companies in the Semiconductor industry have declined 27% per year over the last three years,
- Revenues have also declined 2.9% 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 | 3.36% | |
| Tech | 4.19% | |
| Semiconductors | 3.44% | |
| Semiconductors | 4.08% | |
| Semiconductor Equipment | -1.14% | |
Industry PE
- Investors are most optimistic about the Semiconductor Equipment industry even though it's trading below its 3-year average PE ratio of 157x.
- Analysts are expecting annual earnings growth of 13.9%, which is higher than its past year's earnings decline of 19.8% per year.
- Investors are most pessimistic about the Semiconductors industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 25.6x.
Forecasted Growth
- Analysts are most optimistic on the Semiconductors industry, expecting annual earnings growth of 27% over the next 5 years.
- This is better than its past earnings decline of 28% per year.
- In contrast, the Semiconductor Equipment industry is expected to see its earnings grow by 14% 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 | €38.96 | 4.4% +€2.1b | 55.2% | PE50.4x | |
| ELG Elmos Semiconductor | €149.20 | 6.0% +€144.1m | 197.2% | PE25.3x | |
| AIXA AIXTRON | €33.28 | 2.2% +€82.3m | 250.4% | PE44x | |
| SMHN SUSS MicroTec | €50.60 | 3.5% +€32.9m | 71.4% | PE19.5x | |
| CTNK centrotherm international | €9.40 | 15.3% +€26.5m | 175.7% | PE5.8x |
