Narrative Update • Aug 05
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- 7D1.4%
- 3M3.3%
- 1Y80.1%
- YTD62.6%
In the last week, the Semiconductors industry is up 1.4%, with Infineon Technologies up 1.0%. Meanwhile, PVA TePla actually underperformed within the industry, shrinking 12% in the last week. In the last 12 months, the industry was up 80%. Earnings are forecast to grow by 36% 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, 10 Aug 2026 | €93.4b | €19.0b | €1.2b | 67x | 76.5x | 4.9x |
| Wed, 08 Jul 2026 | €105.8b | €18.6b | €1.2b | 84.4x | 90.4x | 5.7x |
| Fri, 05 Jun 2026 | €126.6b | €18.4b | €1.2b | 95.7x | 104.2x | 6.9x |
| Sun, 03 May 2026 | €88.0b | €18.2b | €1.1b | 62.2x | 78.2x | 4.8x |
| Tue, 31 Mar 2026 | €58.5b | €18.3b | €1.2b | 48.3x | 49.1x | 3.2x |
| Thu, 26 Feb 2026 | €70.2b | €18.5b | €1.2b | 35.5x | 56.8x | 3.8x |
| Sat, 24 Jan 2026 | €63.1b | €18.3b | €1.2b | 31.8x | 53.3x | 3.5x |
| Mon, 22 Dec 2025 | €53.3b | €18.3b | €1.2b | 24.9x | 45x | 2.9x |
| Wed, 19 Nov 2025 | €49.8b | €18.5b | €1.2b | 21.2x | 40.9x | 2.7x |
| Fri, 17 Oct 2025 | €50.7b | €20.1b | €1.2b | 21.3x | 41x | 2.5x |
| Sun, 14 Sep 2025 | €47.4b | €20.0b | €1.2b | 19.4x | 38.6x | 2.4x |
| Tue, 12 Aug 2025 | €52.5b | €20.1b | €1.2b | 15.4x | 42.2x | 2.6x |
| Thu, 10 Jul 2025 | €56.7b | €20.1b | €1.4b | 17.4x | 40.1x | 2.8x |
| Sat, 07 Jun 2025 | €53.0b | €20.1b | €1.4b | 14.1x | 37.4x | 2.6x |
| Mon, 05 May 2025 | €45.0b | €20.1b | €1.6b | 13.7x | 28x | 2.2x |
| Wed, 02 Apr 2025 | €45.8b | €20.0b | €1.6b | 11.5x | 28.1x | 2.3x |
| Fri, 28 Feb 2025 | €53.0b | €20.1b | €1.8b | 11.7x | 29x | 2.6x |
| Sun, 26 Jan 2025 | €50.8b | €20.4b | €2.2b | 13.4x | 23.1x | 2.5x |
| Tue, 24 Dec 2024 | €47.7b | €20.4b | €2.2b | 13x | 21.7x | 2.3x |
| Thu, 21 Nov 2024 | €44.1b | €20.6b | €2.3b | 11.9x | 19.2x | 2.1x |
| Sat, 19 Oct 2024 | €47.1b | €20.8b | €2.7b | 13.4x | 17.6x | 2.3x |
| Mon, 16 Sep 2024 | €46.4b | €20.8b | €2.7b | 14.2x | 17.3x | 2.2x |
| Wed, 14 Aug 2024 | €47.7b | €20.8b | €2.7b | 14.3x | 17.8x | 2.3x |
| Fri, 12 Jul 2024 | €55.3b | €21.3b | €3.2b | 14.5x | 17.2x | 2.6x |
| Sun, 09 Jun 2024 | €59.6b | €21.3b | €3.2b | 15.7x | 18.5x | 2.8x |
| Tue, 07 May 2024 | €51.8b | €21.8b | €3.7b | 14.1x | 14.1x | 2.4x |
| Thu, 04 Apr 2024 | €50.9b | €21.8b | €3.7b | 13.7x | 13.8x | 2.3x |
| Sat, 02 Mar 2024 | €55.3b | €21.6b | €3.8b | 14.9x | 14.7x | 2.6x |
| Mon, 29 Jan 2024 | €56.2b | €21.9b | €3.9b | 14.4x | 14.4x | 2.6x |
| Wed, 27 Dec 2023 | €61.0b | €21.9b | €3.9b | 16.2x | 15.7x | 2.8x |
| Fri, 24 Nov 2023 | €54.7b | €21.9b | €3.9b | 14.5x | 14.1x | 2.5x |
| Sun, 22 Oct 2023 | €48.5b | €21.6b | €3.8b | 13.8x | 12.6x | 2.2x |
| Tue, 19 Sep 2023 | €51.8b | €21.7b | €3.9b | 13.2x | 13.4x | 2.4x |
| Thu, 17 Aug 2023 | €54.6b | €21.7b | €3.9b | 15.1x | 14.2x | 2.5x |
Price to Earnings Ratio
14.2x
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 33.6x.
- 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 | 0.93% | |
| Tech | 5.51% | |
| Semiconductors | 1.38% | |
| Semiconductor Equipment | 5.84% | |
| Semiconductors | 0.89% | |
Industry PE
- Investors are most optimistic about the Semiconductors industry which is trading above its 3-year average PE ratio of 32.4x.
- Analysts are expecting annual earnings growth of 34.4%, 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 46% over the next 5 years.
- This is better than its past earnings decline of 52% 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 | |
|---|---|---|---|---|---|
| IFX Infineon Technologies | €63.03 | 2.5% +€2.0b | 78.6% | PE68x | |
| AIXA AIXTRON | €40.56 | 8.2% +€347.4m | 199.3% | PE78.7x | |
| SMHN SUSS MicroTec | €77.85 | 4.1% +€58.3m | 162.1% | PE57.3x | |
| GY9 Smoltek Nanotech Holding | €0.15 | 35.4% +€8.9m | 454.3% | PS90.7x | |
| P4O Planoptik | €8.62 | 16.5% +€5.5m | 108.2% | PS3.4x |