Is Siltronic AG (ETR:WAF) Potentially Undervalued?
May 21
German (DAX) Semiconductors Industry Analysis
UpdatedMay 22, 2024
DataAggregated Company Financials
Companies16
- 7D-1.8%
- 3M6.1%
- 1Y-1.6%
- YTD-4.7%
In the last week, the Semiconductors industry is up 1.6%, with Infineon Technologies up 0.8%. Despite this gain, the industry's performance has been flat over the past year. As for the next few years, earnings are expected to grow by 11% 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 |
|---|---|---|---|---|---|---|
| Wed, 22 May 2024 | €57.2b | €21.4b | €3.2b | 15.6x | 17.7x | 2.7x |
| Fri, 19 Apr 2024 | €49.9b | €21.8b | €3.7b | 13.5x | 13.5x | 2.3x |
| Sun, 17 Mar 2024 | €52.0b | €21.6b | €3.7b | 14x | 14x | 2.4x |
| Tue, 13 Feb 2024 | €56.4b | €21.6b | €3.8b | 15x | 15x | 2.6x |
| Thu, 11 Jan 2024 | €56.5b | €21.9b | €3.9b | 14.6x | 14.5x | 2.6x |
| Sat, 09 Dec 2023 | €60.1b | €21.9b | €3.9b | 15.9x | 15.5x | 2.7x |
| Mon, 06 Nov 2023 | €48.3b | €21.5b | €3.8b | 13.8x | 12.7x | 2.2x |
| Wed, 04 Oct 2023 | €51.9b | €21.7b | €3.9b | 13.1x | 13.4x | 2.4x |
| Fri, 01 Sep 2023 | €54.6b | €21.7b | €3.9b | 15.2x | 14.1x | 2.5x |
| Sun, 30 Jul 2023 | €63.9b | €21.0b | €3.5b | 17.8x | 18.4x | 3x |
| Tue, 27 Jun 2023 | €58.7b | €20.9b | €3.5b | 19.1x | 16.9x | 2.8x |
| Thu, 25 May 2023 | €55.5b | €20.9b | €3.5b | 16.5x | 16x | 2.7x |
| Sat, 22 Apr 2023 | €57.3b | €19.9b | €3.1b | 19.1x | 18.6x | 2.9x |
| Mon, 20 Mar 2023 | €55.8b | €19.8b | €3.0b | 18.8x | 18.8x | 2.8x |
| Wed, 15 Feb 2023 | €57.6b | €19.7b | €2.9b | 18.8x | 19.6x | 2.9x |
| Fri, 13 Jan 2023 | €52.1b | €18.9b | €2.7b | 18.9x | 19.2x | 2.8x |
| Sun, 11 Dec 2022 | €51.6b | €18.9b | €2.7b | 18.9x | 19.1x | 2.7x |
| Tue, 08 Nov 2022 | €43.4b | €17.7b | €2.4b | 16.6x | 18x | 2.4x |
| Thu, 06 Oct 2022 | €41.9b | €17.5b | €2.4b | 14.2x | 17.7x | 2.4x |
| Sat, 03 Sep 2022 | €41.1b | €17.5b | €2.4b | 15.7x | 17.4x | 2.3x |
| Mon, 01 Aug 2022 | €44.2b | €16.6b | €2.1b | 17.9x | 21x | 2.7x |
| Wed, 29 Jun 2022 | €40.6b | €16.5b | €2.1b | 16.6x | 19.6x | 2.5x |
| Fri, 27 May 2022 | €44.5b | €16.5b | €2.1b | 17.3x | 21.5x | 2.7x |
| Sun, 24 Apr 2022 | €45.8b | €15.6b | €1.7b | 24.3x | 26.2x | 2.9x |
| Tue, 22 Mar 2022 | €48.7b | €15.7b | €1.8b | 26.4x | 26.5x | 3.1x |
| Thu, 17 Feb 2022 | €52.5b | €15.5b | €1.8b | 31.8x | 30x | 3.4x |
| Sat, 15 Jan 2022 | €62.0b | €15.0b | €1.6b | 34.2x | 39.5x | 4.1x |
| Mon, 13 Dec 2021 | €62.4b | €15.0b | €1.6b | 33.9x | 39.8x | 4.2x |
| Wed, 10 Nov 2021 | €66.8b | €14.4b | €1.2b | 35x | 54.8x | 4.6x |
| Fri, 08 Oct 2021 | €62.2b | €15.5b | €1.2b | 41.7x | 51.2x | 4x |
| Sun, 05 Sep 2021 | €59.5b | €15.1b | €1.0b | 38.8x | 57x | 3.9x |
| Tue, 03 Aug 2021 | €54.5b | €15.1b | €1.0b | 39.9x | 52.3x | 3.6x |
Price to Earnings Ratio
82.5x
Current Industry PE
- Investors are pessimistic on the German Semiconductor industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading at a PE ratio of 18.3x which is lower than its 3-year average PE of 28.3x.
- The industry is trading close to its 3-year average PS ratio of 3.0x.
Past Earnings Growth
- The earnings for companies in the Semiconductor industry have grown 71% per year over the last three years.
- Revenues for these companies have grown 14% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Trends
Which industries have driven the changes within the German Tech industry?
| DE Market | -0.87% | |
| Tech | 2.01% | |
| Semiconductors | -1.81% | |
| Semiconductor Equipment | 0.63% | |
| Semiconductors | -2.20% | |
Industry PE
- Investors are most optimistic about the Semiconductors industry which is trading above its 3-year average PE ratio of 10.9x.
- Analysts are expecting annual earnings growth of 12.2%, which is lower than the prior year's growth of 21.5% per year.
- Investors are most pessimistic about the Semiconductor Equipment industry, which is trading below its 3-year average of 20.6x.
Forecasted Growth
- Analysts are most optimistic on the Semiconductors industry, expecting annual earnings growth of 12% over the next 5 years.
- However this is lower than its past earnings growth rate of 22% per year.
- In contrast, the Semiconductor Equipment industry is expected to see its earnings grow by 7.3% 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 | |
|---|---|---|---|---|---|
| SMHN SÜSS MicroTec | €54.40 | 9.1% +€87.0m | 136.5% | PE42.1x | |
| WAF Siltronic | €75.00 | 3.6% +€78.0m | 6.4% | PE15.6x | |
| SIS First Sensor | €60.20 | 0.7% +€4.1m | 2.7% | PE230.3x | |
| CTNK centrotherm international | €4.25 | 2.4% +€2.1m | -19.8% | PE4.8x | |
| AIXA AIXTRON | €22.62 | 0.04% +€1.1m | -21.7% | PE16.7x |
