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German (DAX) Semiconductors Industry Analysis
UpdatedSep 26, 2024
DataAggregated Company Financials
Companies16
- 7D-2.2%
- 3M-12.9%
- 1Y-9.5%
- YTD-23.4%
Over the last 7 days, the Semiconductors industry has dropped 2.0%, driven by declines in Elmos Semiconductor and Infineon Technologies of 3.1% and 0.09%, respectively. Meanwhile, SÜSS MicroTec actually outperformed within the industry, gaining 8.2% in the last week. However, the industry is down 12% over the past year. As for the next few years, earnings are expected to grow by 15% 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 |
|---|---|---|---|---|---|---|
| Thu, 26 Sep 2024 | €45.9b | €20.8b | €2.7b | 14.2x | 17.1x | 2.2x |
| Sat, 24 Aug 2024 | €50.2b | €20.8b | €2.7b | 15.1x | 18.7x | 2.4x |
| Mon, 22 Jul 2024 | €51.8b | €21.3b | €3.2b | 13.9x | 16.1x | 2.4x |
| Wed, 19 Jun 2024 | €56.5b | €21.3b | €3.2b | 14.5x | 17.5x | 2.6x |
| Fri, 17 May 2024 | €58.2b | €21.4b | €3.2b | 15.3x | 18x | 2.7x |
| Sun, 14 Apr 2024 | €51.7b | €21.8b | €3.7b | 14x | 14x | 2.4x |
| Tue, 12 Mar 2024 | €54.4b | €21.7b | €3.8b | 14.7x | 14.4x | 2.5x |
| Thu, 08 Feb 2024 | €52.7b | €21.6b | €3.8b | 14x | 14x | 2.4x |
| Sat, 06 Jan 2024 | €57.2b | €21.9b | €3.9b | 15.1x | 14.7x | 2.6x |
| Mon, 04 Dec 2023 | €58.5b | €21.9b | €3.9b | 15.7x | 15.1x | 2.7x |
| Wed, 01 Nov 2023 | €45.7b | €21.7b | €3.9b | 12.4x | 11.8x | 2.1x |
| Fri, 29 Sep 2023 | €52.0b | €21.7b | €3.9b | 13.2x | 13.5x | 2.4x |
| Sun, 27 Aug 2023 | €53.1b | €21.7b | €3.9b | 15x | 13.8x | 2.5x |
| Tue, 25 Jul 2023 | €60.0b | €20.9b | €3.5b | 18.1x | 17.3x | 2.9x |
| Thu, 22 Jun 2023 | €59.7b | €20.9b | €3.5b | 18.8x | 17.2x | 2.9x |
| Sat, 20 May 2023 | €58.8b | €20.9b | €3.5b | 17.1x | 16.8x | 2.8x |
| Mon, 17 Apr 2023 | €59.4b | €20.0b | €3.1b | 19.4x | 19.2x | 3x |
| Wed, 15 Mar 2023 | €56.8b | €19.8b | €3.0b | 20.4x | 19.1x | 2.9x |
| Fri, 10 Feb 2023 | €58.8b | €19.7b | €2.9b | 19.3x | 20x | 3x |
| Sun, 08 Jan 2023 | €50.0b | €18.9b | €2.7b | 18.4x | 18.5x | 2.6x |
| Tue, 06 Dec 2022 | €52.7b | €18.9b | €2.7b | 19.4x | 19.5x | 2.8x |
| Thu, 03 Nov 2022 | €41.0b | €17.7b | €2.4b | 15.7x | 17.1x | 2.3x |
| Sat, 01 Oct 2022 | €37.9b | €17.5b | €2.4b | 13x | 16x | 2.2x |
| Mon, 29 Aug 2022 | €41.4b | €17.5b | €2.4b | 17.1x | 17.5x | 2.4x |
| Wed, 27 Jul 2022 | €40.7b | €16.5b | €2.1b | 16.2x | 19.7x | 2.5x |
| Fri, 24 Jun 2022 | €38.9b | €16.5b | €2.1b | 16.4x | 18.8x | 2.4x |
| Sun, 22 May 2022 | €45.6b | €16.5b | €2.1b | 19x | 22x | 2.8x |
| Tue, 19 Apr 2022 | €44.1b | €15.6b | €1.7b | 23.6x | 25.3x | 2.8x |
| Thu, 17 Mar 2022 | €49.0b | €15.6b | €1.8b | 29.8x | 26.8x | 3.1x |
| Sat, 12 Feb 2022 | €52.7b | €15.5b | €1.8b | 30.9x | 30.1x | 3.4x |
| Mon, 10 Jan 2022 | €62.9b | €15.0b | €1.6b | 34.3x | 40.1x | 4.2x |
| Wed, 08 Dec 2021 | €62.8b | €15.0b | €1.6b | 34.1x | 40.1x | 4.2x |
| Fri, 05 Nov 2021 | €70.3b | €15.6b | €1.3b | 46.6x | 56.1x | 4.5x |
| Sun, 03 Oct 2021 | €60.8b | €15.5b | €1.2b | 39.2x | 50.1x | 3.9x |
Price to Earnings Ratio
50.1x
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 16.9x which is lower than its 3-year average PE of 21.3x.
- The 3-year average PS ratio of 2.8x is higher than the industry's current PS ratio of 2.2x.
Past Earnings Growth
- The earnings for companies in the Semiconductor industry have grown 30% per year over the last three years.
- Revenues for these companies have grown 10% 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 | 1.04% | |
| Tech | 0.54% | |
| Semiconductors | -2.20% | |
| Semiconductor Equipment | -1.57% | |
| Semiconductors | -2.29% | |
Industry PE
- Investors are most optimistic about the Semiconductors industry even though it's trading below its 3-year average PE ratio of 22.1x.
- Analysts are expecting annual earnings growth of 16.1%, which is higher than its past year's earnings decline of 17.4% per year.
- Investors are most pessimistic about the Semiconductor Equipment industry, which is trading below its 3-year average of 18.3x.
Forecasted Growth
- Analysts are most optimistic on the Semiconductors industry, expecting annual earnings growth of 16% over the next 5 years.
- This is better than its past earnings decline of 17% per year.
- In contrast, the Semiconductor Equipment industry is expected to see its earnings grow by 11% 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 | €61.90 | 6.0% +€66.9m | 200.5% | PE38.8x | |
| TPE PVA TePla | €12.45 | 3.6% +€9.4m | -15.6% | PE9.9x | |
| M5Z Manz | €5.62 | 2.2% +€1.0m | -60.4% | PS0.2x | |
| SWVK SolarWorld | €0.10 | 53.8% +€521.4k | n/a | n/a | |
| QCE Global PVQ | €0.0055 | 57.1% +€352.7k | 37.5% | n/a |
