Narrative Update • Aug 12
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- 7D-0.04%
- 3M-8.2%
- 1Y74.5%
- YTD62.7%
Over the last 7 days, the Semiconductors industry has remained flat, although notably Siltronic gained 15%. As for the the longer term, the industry is up 75% over the past 12 months. As for the next few years, earnings are expected to grow by 36% 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 |
|---|---|---|---|---|---|---|
| Mon, 17 Aug 2026 | €93.5b | €19.0b | €1.2b | 55.8x | 76.5x | 4.9x |
| Wed, 15 Jul 2026 | €107.7b | €18.6b | €1.2b | 84.4x | 92x | 5.8x |
| Fri, 12 Jun 2026 | €115.9b | €18.7b | €1.2b | 88.4x | 97.5x | 6.2x |
| Sun, 10 May 2026 | €95.8b | €18.4b | €1.2b | 61.8x | 82.5x | 5.2x |
| Tue, 07 Apr 2026 | €60.9b | €18.2b | €1.2b | 50.2x | 51.4x | 3.3x |
| Thu, 05 Mar 2026 | €67.1b | €18.5b | €1.2b | 40.2x | 54.6x | 3.6x |
| Sat, 31 Jan 2026 | €62.2b | €18.3b | €1.2b | 29.8x | 52.6x | 3.4x |
| Mon, 29 Dec 2025 | €54.6b | €18.3b | €1.2b | 25.6x | 46.1x | 3x |
| Wed, 26 Nov 2025 | €50.5b | €18.5b | €1.2b | 21.4x | 41.4x | 2.7x |
| Fri, 24 Oct 2025 | €50.8b | €20.1b | €1.2b | 21.1x | 41.1x | 2.5x |
| Sun, 21 Sep 2025 | €49.7b | €20.0b | €1.2b | 20.1x | 40.4x | 2.5x |
| Tue, 19 Aug 2025 | €54.4b | €20.0b | €1.2b | 18.6x | 44.1x | 2.7x |
| Thu, 17 Jul 2025 | €55.9b | €20.1b | €1.4b | 17.2x | 39.5x | 2.8x |
| Sat, 14 Jun 2025 | €52.5b | €20.1b | €1.4b | 14.7x | 37.1x | 2.6x |
| Mon, 12 May 2025 | €47.0b | €20.1b | €1.4b | 13.9x | 33.1x | 2.3x |
| Wed, 09 Apr 2025 | €37.9b | €20.0b | €1.6b | 10.6x | 23.3x | 1.9x |
| Fri, 07 Mar 2025 | €54.4b | €20.1b | €1.8b | 13x | 30.4x | 2.7x |
| Sun, 02 Feb 2025 | €48.0b | €20.4b | €2.2b | 13.4x | 21.9x | 2.4x |
| Tue, 31 Dec 2024 | €47.5b | €20.4b | €2.2b | 13x | 21.6x | 2.3x |
| Thu, 28 Nov 2024 | €45.4b | €20.4b | €2.2b | 12.1x | 20.5x | 2.2x |
| Sat, 26 Oct 2024 | €47.0b | €20.8b | €2.7b | 13.4x | 17.7x | 2.3x |
| Mon, 23 Sep 2024 | €45.3b | €20.8b | €2.7b | 14.1x | 16.9x | 2.2x |
| Wed, 21 Aug 2024 | €49.6b | €20.8b | €2.7b | 14.8x | 18.5x | 2.4x |
| Fri, 19 Jul 2024 | €53.7b | €21.3b | €3.2b | 14x | 16.7x | 2.5x |
| Sun, 16 Jun 2024 | €57.0b | €21.3b | €3.2b | 14.4x | 17.7x | 2.7x |
| Tue, 14 May 2024 | €58.0b | €21.4b | €3.2b | 15.4x | 18x | 2.7x |
| Thu, 11 Apr 2024 | €53.6b | €21.8b | €3.7b | 14.6x | 14.5x | 2.5x |
| Sat, 09 Mar 2024 | €55.4b | €21.7b | €3.8b | 15x | 14.7x | 2.6x |
| Mon, 05 Feb 2024 | €54.9b | €21.9b | €3.9b | 14.1x | 14.1x | 2.5x |
| Wed, 03 Jan 2024 | €60.2b | €21.9b | €3.9b | 15.8x | 15.5x | 2.8x |
| Fri, 01 Dec 2023 | €57.7b | €21.9b | €3.9b | 15.4x | 14.9x | 2.6x |
| Sun, 29 Oct 2023 | €48.0b | €21.7b | €3.9b | 13x | 12.4x | 2.2x |
| Tue, 26 Sep 2023 | €51.3b | €21.7b | €3.9b | 13.3x | 13.3x | 2.4x |
| Thu, 24 Aug 2023 | €54.5b | €21.7b | €3.9b | 15.1x | 14.1x | 2.5x |
Price to Earnings Ratio
14.1x
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 76.5x which is higher than its 3-year average PE of 34.0x.
- The 3-year average PS ratio of 2.9x is lower than the industry's current PS ratio of 4.9x.
Past Earnings Growth
- The earnings for companies in the Semiconductor industry have declined 32% 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 | 0.22% | |
| Tech | 0.71% | |
| Semiconductors | -0.04% | |
| Semiconductor Equipment | 3.09% | |
| Semiconductors | -0.41% | |
Industry PE
- Investors are most optimistic about the Semiconductors industry which is trading above its 3-year average PE ratio of 32.7x.
- Analysts are expecting annual earnings growth of 34.5%, which is higher than its past year's earnings decline of 6.0% per year.
Forecasted Growth
- Analysts are most optimistic on the Semiconductor Equipment industry, expecting annual earnings growth of 47% over the next 5 years.
- This is better than its past earnings decline of 46% per year.
- In contrast, the Semiconductors industry is expected to see its earnings grow by 34% 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 | |
|---|---|---|---|---|---|
| WAF Siltronic | €89.80 | 17.3% +€397.5m | 145.6% | PS2.1x | |
| AIXA AIXTRON | €42.10 | 4.0% +€183.8m | 221.6% | PE81.7x | |
| SMHN SUSS MicroTec | €84.95 | 9.9% +€146.2m | 211.6% | PE63.2x | |
| ELG Elmos Semiconductor | €154.40 | 4.5% +€113.2m | 77.7% | PE25.9x | |
| SIS First Sensor | €54.00 | 3.8% +€20.7m | -4.9% | PE50x |
