Narrative Update • Jun 15
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- 7D4.5%
- 3M89.8%
- 1Y130.0%
- YTD106.7%
In the last week, the Semiconductors industry is up 4.5%, with Infineon Technologies up 4.8%. During this same period, the Planoptik underperformed, falling 6.0%. This means that the industry has gained 130% over the past year. Earnings are forecast to grow by 31% 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 |
|---|---|---|---|---|---|---|
| Wed, 17 Jun 2026 | €118.2b | €18.7b | €1.2b | 90x | 99.5x | 6.3x |
| Fri, 15 May 2026 | €104.5b | €18.4b | €1.2b | 66.5x | 89.9x | 5.7x |
| Sun, 12 Apr 2026 | €67.3b | €18.2b | €1.2b | 50.5x | 56.8x | 3.7x |
| Tue, 10 Mar 2026 | €60.1b | €18.5b | €1.2b | 37.8x | 48.9x | 3.3x |
| Thu, 05 Feb 2026 | €59.7b | €18.5b | €1.2b | 26.7x | 49.3x | 3.2x |
| Sat, 03 Jan 2026 | €57.0b | €18.3b | €1.2b | 28x | 48.1x | 3.1x |
| Mon, 01 Dec 2025 | €54.5b | €18.5b | €1.2b | 22.3x | 44.7x | 2.9x |
| Wed, 29 Oct 2025 | €51.9b | €20.1b | €1.2b | 20.3x | 41.9x | 2.6x |
| Fri, 26 Sep 2025 | €50.5b | €20.0b | €1.2b | 21.3x | 41.1x | 2.5x |
| Sun, 24 Aug 2025 | €54.7b | €20.0b | €1.2b | 18.9x | 44.4x | 2.7x |
| Tue, 22 Jul 2025 | €57.1b | €20.1b | €1.4b | 18x | 40.4x | 2.8x |
| Thu, 19 Jun 2025 | €51.0b | €20.1b | €1.4b | 15.3x | 36.1x | 2.5x |
| Sat, 17 May 2025 | €49.7b | €20.1b | €1.4b | 13.9x | 35.1x | 2.5x |
| Mon, 14 Apr 2025 | €38.4b | €20.0b | €1.6b | 10.5x | 23.6x | 1.9x |
| Wed, 12 Mar 2025 | €50.9b | €20.1b | €1.8b | 12.4x | 28.4x | 2.5x |
| Fri, 07 Feb 2025 | €54.6b | €20.1b | €1.8b | 12.7x | 30x | 2.7x |
| Sun, 05 Jan 2025 | €46.9b | €20.4b | €2.2b | 12.9x | 21.4x | 2.3x |
| Tue, 03 Dec 2024 | €46.8b | €20.4b | €2.2b | 12.8x | 21.3x | 2.3x |
| Thu, 31 Oct 2024 | €45.4b | €20.8b | €2.7b | 13.2x | 17.1x | 2.2x |
| Sat, 28 Sep 2024 | €50.5b | €20.8b | €2.7b | 14.4x | 18.8x | 2.4x |
| Mon, 26 Aug 2024 | €50.2b | €20.8b | €2.7b | 15.1x | 18.7x | 2.4x |
| Wed, 24 Jul 2024 | €52.0b | €21.3b | €3.2b | 14x | 16.2x | 2.4x |
| Fri, 21 Jun 2024 | €54.5b | €21.3b | €3.2b | 14.1x | 16.9x | 2.6x |
| Sun, 19 May 2024 | €58.1b | €21.4b | €3.2b | 15.4x | 18x | 2.7x |
| Tue, 16 Apr 2024 | €52.0b | €21.8b | €3.7b | 14.1x | 14.1x | 2.4x |
| Thu, 14 Mar 2024 | €56.1b | €21.6b | €3.7b | 15.3x | 15.2x | 2.6x |
| Sat, 10 Feb 2024 | €55.4b | €21.9b | €3.9b | 14.1x | 14.2x | 2.5x |
| Mon, 08 Jan 2024 | €57.2b | €21.9b | €3.9b | 15.1x | 14.7x | 2.6x |
| Wed, 06 Dec 2023 | €58.3b | €21.9b | €3.9b | 15.8x | 15x | 2.7x |
| Fri, 03 Nov 2023 | €47.2b | €21.7b | €3.9b | 13.3x | 12.2x | 2.2x |
| Sun, 01 Oct 2023 | €52.0b | €21.7b | €3.9b | 13.2x | 13.5x | 2.4x |
| Tue, 29 Aug 2023 | €53.9b | €21.7b | €3.9b | 15.2x | 14x | 2.5x |
| Thu, 27 Jul 2023 | €60.1b | €20.9b | €3.5b | 18.1x | 17.4x | 2.9x |
| Sat, 24 Jun 2023 | €58.5b | €20.9b | €3.5b | 19x | 16.9x | 2.8x |
Price to Earnings Ratio
16.9x
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 99x which is higher than its 3-year average PE of 30.0x.
- The 3-year average PS ratio of 2.8x is lower than the industry's current PS ratio of 6.3x.
Past Earnings Growth
- The earnings for companies in the Semiconductor industry have declined 30% per year over the last three years,
- Revenues have also declined 3.6% 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 | 1.53% | |
| Tech | -2.91% | |
| Semiconductors | 4.54% | |
| Semiconductors | 4.66% | |
| Semiconductor Equipment | 3.55% | |
Industry PE
- Investors are most optimistic about the Semiconductors industry which is trading above its 3-year average PE ratio of 29.3x.
- Analysts are expecting annual earnings growth of 30.5%, 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 35% over the next 5 years.
- This is better than its past earnings decline of 40% per year.
- In contrast, the Semiconductors industry is expected to see its earnings grow by 31% 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 | €79.28 | 4.8% +€4.7b | 126.9% | PE95.9x | |
| WAF Siltronic | €94.00 | 5.5% +€147.0m | 148.5% | PS2.2x | |
| AIXA AIXTRON | €56.22 | 2.0% +€126.3m | 295.2% | PE108.9x | |
| SMHN SUSS MicroTec | €97.70 | 6.4% +€111.8m | 136.3% | PE52.8x | |
| ELG Elmos Semiconductor | €171.20 | 1.2% +€34.3m | 124.7% | PE27x |
