AIXTRON SE's (ETR:AIXA) Shares Climb 27% But Its Business Is Yet to Catch Up
Nov 09
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German (DAX) Semiconductors Industry Analysis
UpdatedNov 09, 2025
DataAggregated Company Financials
Companies17
- 7D-3.6%
- 3M-5.0%
- 1Y12.7%
- YTD4.7%
Over the last 7 days, the Semiconductors industry has dropped 3.6%, driven by a pullback from Infineon Technologies of 4.6%. Meanwhile, AIXTRON actually outperformed within the industry, gaining 19% in the last week. In the past year, the industry has gained 13%. As for the next few years, earnings are expected to grow by 27% 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 |
|---|---|---|---|---|---|---|
| Sun, 09 Nov 2025 | €49.2b | €18.5b | €1.4b | 20.5x | 36.1x | 2.7x |
| Tue, 07 Oct 2025 | €52.1b | €20.1b | €1.2b | 22.3x | 42.1x | 2.6x |
| Thu, 04 Sep 2025 | €47.1b | €20.0b | €1.2b | 19.5x | 38.3x | 2.4x |
| Sat, 02 Aug 2025 | €50.7b | €20.0b | €1.4b | 15.6x | 36x | 2.5x |
| Mon, 30 Jun 2025 | €53.7b | €20.1b | €1.4b | 16.9x | 37.9x | 2.7x |
| Wed, 28 May 2025 | €51.4b | €20.1b | €1.4b | 14x | 36.3x | 2.6x |
| Fri, 25 Apr 2025 | €44.0b | €20.0b | €1.6b | 12.8x | 27x | 2.2x |
| Sun, 23 Mar 2025 | €49.6b | €20.1b | €1.8b | 12.5x | 27.3x | 2.5x |
| Tue, 18 Feb 2025 | €55.8b | €20.1b | €1.8b | 13.3x | 30.6x | 2.8x |
| Thu, 16 Jan 2025 | €49.9b | €20.4b | €2.2b | 13.5x | 22.7x | 2.5x |
| Sat, 14 Dec 2024 | €49.7b | €20.4b | €2.2b | 13.6x | 22.6x | 2.4x |
| Mon, 11 Nov 2024 | €44.1b | €20.9b | €2.7b | 12.8x | 16.6x | 2.1x |
| Wed, 09 Oct 2024 | €46.5b | €20.8b | €2.7b | 14x | 17.4x | 2.2x |
| Fri, 06 Sep 2024 | €46.8b | €20.8b | €2.7b | 14x | 17.5x | 2.2x |
| Sun, 04 Aug 2024 | €46.9b | €21.2b | €3.2b | 13.5x | 14.9x | 2.2x |
| Tue, 02 Jul 2024 | €53.3b | €21.3b | €3.2b | 13.1x | 16.6x | 2.5x |
| Thu, 30 May 2024 | €58.2b | €21.3b | €3.2b | 15.6x | 18x | 2.7x |
| Sat, 27 Apr 2024 | €53.0b | €21.8b | €3.7b | 14.4x | 14.3x | 2.4x |
| Mon, 25 Mar 2024 | €51.1b | €21.6b | €3.7b | 13.9x | 13.8x | 2.4x |
| Wed, 21 Feb 2024 | €53.8b | €21.6b | €3.8b | 14.2x | 14.3x | 2.5x |
| Fri, 19 Jan 2024 | €55.6b | €21.9b | €3.9b | 14.3x | 14.3x | 2.5x |
| Sun, 17 Dec 2023 | €62.7b | €21.9b | €3.9b | 16.3x | 16.1x | 2.9x |
| Tue, 14 Nov 2023 | €49.0b | €21.9b | €3.9b | 14.2x | 12.7x | 2.2x |
| Thu, 12 Oct 2023 | €53.6b | €21.7b | €3.9b | 13.8x | 13.9x | 2.5x |
| Sat, 09 Sep 2023 | €53.3b | €21.7b | €3.9b | 14x | 13.8x | 2.5x |
| Mon, 07 Aug 2023 | €57.2b | €21.5b | €3.8b | 15.6x | 15.1x | 2.7x |
| Wed, 05 Jul 2023 | €61.3b | €20.9b | €3.5b | 18.2x | 17.7x | 2.9x |
| Fri, 02 Jun 2023 | €58.5b | €20.9b | €3.5b | 17.5x | 16.9x | 2.8x |
| Sun, 30 Apr 2023 | €54.1b | €19.9b | €3.1b | 17.7x | 17.6x | 2.7x |
| Tue, 28 Mar 2023 | €56.5b | €19.8b | €3.0b | 19.9x | 18.9x | 2.8x |
| Thu, 23 Feb 2023 | €55.4b | €19.7b | €2.9b | 19x | 18.8x | 2.8x |
| Sat, 21 Jan 2023 | €51.7b | €18.9b | €2.7b | 18.8x | 19.1x | 2.7x |
| Mon, 19 Dec 2022 | €49.1b | €18.9b | €2.7b | 17.9x | 18.2x | 2.6x |
| Wed, 16 Nov 2022 | €52.3b | €17.8b | €2.4b | 19.3x | 21.4x | 2.9x |
Price to Earnings Ratio
21.4x
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 36.1x which is higher than its 3-year average PE of 21.7x.
- The industry is trading close to its 3-year average PS ratio of 2.6x.
Past Earnings Growth
- The earnings for companies in the Semiconductor industry have declined 18% per year over the last three years.
- Meanwhile revenues have remained mostly flat.
- This means that although sales have remained flat, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.
Industry Trends
Which industries have driven the changes within the German Tech industry?
| DE Market | -1.80% | |
| Tech | -4.07% | |
| Semiconductors | -3.61% | |
| Semiconductor Equipment | 1.91% | |
| Semiconductors | -4.14% | |
Industry PE
- Investors are most optimistic about the Semiconductors industry which is trading above its 3-year average PE ratio of 21.7x.
- Analysts are expecting annual earnings growth of 28.3%, which is higher than its past year's earnings decline of 46.8% per year.
- Investors are most pessimistic about the Semiconductor Equipment industry, which is trading below its 3-year average of 151x.
Forecasted Growth
- Analysts are most optimistic on the Semiconductors industry, expecting annual earnings growth of 28% over the next 5 years.
- This is better than its past earnings decline of 47% per year.
- In contrast, the Semiconductor Equipment industry is expected to see its earnings grow by 19% 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 | |
|---|---|---|---|---|---|
| AIXA AIXTRON | €16.50 | 18.9% +€295.8m | 15.6% | PE20.5x | |
| ELG Elmos Semiconductor | €90.50 | 10.6% +€149.1m | 45.3% | PE12.5x | |
| SMHN SUSS MicroTec | €30.40 | 9.0% +€48.2m | -42.2% | PE10.3x | |
| CTNK centrotherm international | €6.75 | 32.4% +€34.9m | 104.5% | PE4.1x | |
| GY9 Smoltek Nanotech Holding | €0.019 | 14.6% +€432.2k | 16.0% | PS8.5x |
