Buy Or Sell Opportunity • Jul 01
Now 21% undervalued Over the last 90 days, the stock has risen 28% to €61.10. The fair value is estimated to be €77.77, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company became loss making. Buy Or Sell Opportunity • Jun 08
Now 22% undervalued Over the last 90 days, the stock has risen 81% to €57.10. The fair value is estimated to be €73.10, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company became loss making. Reported Earnings • May 14
First quarter 2026 earnings released: €0.047 loss per share (vs €0.16 profit in 1Q 2025) First quarter 2026 results: €0.047 loss per share (down from €0.16 profit in 1Q 2025). Revenue: €340.9m (up 4.0% from 1Q 2025). Net loss: €1.62m (down 129% from profit in 1Q 2025). Revenue is forecast to grow 5.7% p.a. on average during the next 3 years, compared to a 9.0% growth forecast for the Electrical industry in Europe. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 82 percentage points per year, which is a significant difference in performance. Announcement • Apr 27
SMA Solar Technology AG, Annual General Meeting, Jun 09, 2026 SMA Solar Technology AG, Annual General Meeting, Jun 09, 2026, at 10:00 W. Europe Standard Time. Announcement • Feb 24
SMA Solar Technology AG to Report Fiscal Year 2025 Results on Mar 03, 2026 SMA Solar Technology AG announced that they will report fiscal year 2025 results on Mar 03, 2026 Reported Earnings • Nov 15
Third quarter 2025 earnings released: €2.94 loss per share (vs €0.27 loss in 3Q 2024) Third quarter 2025 results: €2.94 loss per share (further deteriorated from €0.27 loss in 3Q 2024). Revenue: €449.9m (up 50% from 3Q 2024). Net loss: €102.1m (loss widened €92.8m from 3Q 2024). Revenue is forecast to stay flat during the next 3 years compared to a 7.4% growth forecast for the Electrical industry in Europe. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 52 percentage points per year, which is a significant difference in performance. Buy Or Sell Opportunity • Sep 05
Now 28% overvalued Over the last 90 days, the stock has fallen 1.8% to €18.96. The fair value is estimated to be €14.80, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Meanwhile, the company became loss making. Revenue is forecast to grow by 0.6% in a year. Earnings are forecast to grow by 79% in the next year. Buy Or Sell Opportunity • Aug 10
Now 27% overvalued after recent price rise Over the last 90 days, the stock has risen 16% to €22.86. The fair value is estimated to be €18.06, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Meanwhile, the company became loss making. Reported Earnings • May 09
First quarter 2025 earnings released: EPS: €0.16 (vs €0.82 in 1Q 2024) First quarter 2025 results: EPS: €0.16 (down from €0.82 in 1Q 2024). Revenue: €327.7m (down 9.4% from 1Q 2024). Net income: €5.53m (down 81% from 1Q 2024). Profit margin: 1.7% (down from 7.9% in 1Q 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 3.8% p.a. on average during the next 3 years, compared to a 9.4% growth forecast for the Semiconductor industry in Europe. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has fallen by 26% per year, which means it is significantly lagging earnings. Announcement • Apr 23
SMA Solar Technology AG, Annual General Meeting, Jun 03, 2025 SMA Solar Technology AG, Annual General Meeting, Jun 03, 2025, at 10:00 W. Europe Standard Time. Reported Earnings • Mar 28
Full year 2024 earnings released: €3.39 loss per share (vs €6.50 profit in FY 2023) Full year 2024 results: €3.39 loss per share (down from €6.50 profit in FY 2023). Revenue: €1.53b (down 20% from FY 2023). Net loss: €117.7m (down 152% from profit in FY 2023). Revenue is forecast to grow 3.3% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Semiconductor industry in Europe. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has fallen by 24% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Mar 06
Investor sentiment improves as stock rises 33% After last week's 33% share price gain to €19.59, the stock trades at a forward P/E ratio of 74x. Average forward P/E is 12x in the Semiconductor industry in Europe. Total loss to shareholders of 49% over the past three years. Valuation Update With 7 Day Price Move • Feb 18
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to €16.48, the stock trades at a forward P/E ratio of 62x. Average forward P/E is 13x in the Semiconductor industry in Europe. Total loss to shareholders of 39% over the past three years. Valuation Update With 7 Day Price Move • Jan 06
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €15.78, the stock trades at a forward P/E ratio of 56x. Average forward P/E is 12x in the Semiconductor industry in Europe. Total loss to shareholders of 55% over the past three years. Valuation Update With 7 Day Price Move • Nov 28
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €13.27, the stock trades at a forward P/E ratio of 47x. Average forward P/E is 11x in the Semiconductor industry in Europe. Total loss to shareholders of 68% over the past three years. New Risk • Nov 24
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 4.9% Last year net profit margin: 13% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (8.0% average weekly change). High level of non-cash earnings (63% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (4.9% net profit margin). Valuation Update With 7 Day Price Move • Nov 07
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to €13.67, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 13x in the Semiconductor industry in Europe. Total loss to shareholders of 71% over the past three years. New Risk • Oct 17
New minor risk - Dividend sustainability The dividend is not well covered by cash flows. The company is paying a dividend despite having no free cash flows. Dividend yield: 2.0% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Earnings are forecast to decline by an average of 33% per year for the foreseeable future. High level of non-cash earnings (87% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (5.9% average weekly change). New Risk • Aug 11
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 3.6% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (10% average weekly change). Earnings are forecast to decline by an average of 3.6% per year for the foreseeable future. High level of non-cash earnings (97% accrual ratio). Reported Earnings • Aug 09
Second quarter 2024 earnings released: EPS: €0.45 (vs €1.49 in 2Q 2023) Second quarter 2024 results: EPS: €0.45 (down from €1.49 in 2Q 2023). Revenue: €397.5m (down 3.4% from 2Q 2023). Net income: €15.6m (down 70% from 2Q 2023). Profit margin: 3.9% (down from 13% in 2Q 2023). The decrease in margin was primarily driven by higher expenses. Revenue is forecast to grow 5.4% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Semiconductor industry in Europe. Over the last 3 years on average, earnings per share has increased by 83% per year but the company’s share price has fallen by 20% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Jun 26
Investor sentiment deteriorates as stock falls 34% After last week's 34% share price decline to €27.70, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 14x in the Semiconductor industry in Europe. Total loss to shareholders of 42% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €45.84 per share. Announcement • Jun 26
SMA Solar Technology AG(XTRA:S92) dropped from Germany MDAX Index (Performance) SMA Solar Technology AG has been dropped from Germany MDAX Index (Performance). Upcoming Dividend • May 22
Upcoming dividend of €0.50 per share Eligible shareholders must have bought the stock before 29 May 2024. Payment date: 31 May 2024. Trailing yield: 0.6%. Lower than top quartile of Austrian dividend payers (5.7%). Lower than average of industry peers (0.8%). Reported Earnings • May 08
First quarter 2024 earnings released: EPS: €0.82 (vs €1.49 in 1Q 2023) First quarter 2024 results: EPS: €0.82 (down from €1.49 in 1Q 2023). Revenue: €361.8m (down 1.5% from 1Q 2023). Net income: €28.5m (down 45% from 1Q 2023). Profit margin: 7.9% (down from 14% in 1Q 2023). The decrease in margin was primarily driven by higher expenses. Revenue is forecast to grow 7.2% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Semiconductor industry in Europe. Over the last 3 years on average, earnings per share has increased by 85% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Buy Or Sell Opportunity • Apr 02
Now 24% undervalued after recent price drop Over the last 90 days, the stock has fallen 10% to €50.30. The fair value is estimated to be €65.76, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 21% over the last 3 years. Earnings per share has grown by 83%. For the next 3 years, revenue is forecast to grow by 8.0% per annum. Earnings are forecast to decline by 9.3% per annum over the same time period. Reported Earnings • Mar 28
Full year 2023 earnings released: EPS: €6.50 (vs €1.61 in FY 2022) Full year 2023 results: EPS: €6.50 (up from €1.61 in FY 2022). Revenue: €1.90b (up 79% from FY 2022). Net income: €225.7m (up 304% from FY 2022). Profit margin: 12% (up from 5.2% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 8.0% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Semiconductor industry in Europe. Over the last 3 years on average, earnings per share has increased by 83% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Mar 02
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to €57.40, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 16x in the Semiconductor industry in Europe. Total returns to shareholders of 19% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €72.69 per share. Announcement • Feb 14
SMA Solar Technology AG to Report Fiscal Year 2023 Final Results on Mar 27, 2024 SMA Solar Technology AG announced that they will report fiscal year 2023 final results on Mar 27, 2024 Valuation Update With 7 Day Price Move • Feb 13
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €54.60, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 16x in the Semiconductor industry in Europe. Total loss to shareholders of 9.2% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €69.33 per share. Valuation Update With 7 Day Price Move • Jan 17
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to €45.60, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 17x in the Semiconductor industry in Europe. Total loss to shareholders of 30% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €59.82 per share. Buying Opportunity • Jan 16
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 23%. The fair value is estimated to be €65.41, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 9.6% per annum. Earnings is forecast to decline by 16% per annum over the same time period. New Risk • Nov 10
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 14% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (6.5% average weekly change). Earnings are forecast to decline by an average of 14% per year for the foreseeable future. High level of non-cash earnings (52% accrual ratio). Reported Earnings • Nov 10
Third quarter 2023 earnings released: EPS: €2.22 (vs €0.62 in 3Q 2022) Third quarter 2023 results: EPS: €2.22 (up from €0.62 in 3Q 2022). Revenue: €558.5m (up 121% from 3Q 2022). Net income: €76.9m (up 256% from 3Q 2022). Profit margin: 14% (up from 8.6% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 9.4% growth forecast for the Semiconductor industry in Europe. Over the last 3 years on average, earnings per share has increased by 75% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Oct 10
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to €64.75, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 15x in the Semiconductor industry in Europe. Total returns to shareholders of 48% over the past three years. Announcement • Oct 06
SMA Solar Technology AG Provides Earnings Guidance for the Nine Months of 2023 SMA Solar Technology AG provided earnings guidance for the nine months of 2023. Based on preliminary figures, the Managing Board of SMA Solar Technology AG expects consolidated revenues of EUR 1.335 million to 1.345 million (9M 2022: EUR 724 million) for the first nine months of 2023. Due to a very positive revenue and earnings development in the Large Scale & Project Solutions and Commercial & Industrial Solutions segments in the third quarter, quarterly revenues are expected to be between EUR 555 million and 565 million (Q3 2022: EUR 252 million). Reported Earnings • Aug 13
Second quarter 2023 earnings released: EPS: €1.49 (vs €0.39 loss in 2Q 2022) Second quarter 2023 results: EPS: €1.49 (up from €0.39 loss in 2Q 2022). Revenue: €411.7m (up 64% from 2Q 2022). Net income: €51.8m (up €65.4m from 2Q 2022). Profit margin: 13% (up from net loss in 2Q 2022). The move to profitability was driven by higher revenue. Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Semiconductor industry in Europe. Over the last 3 years on average, earnings per share has increased by 52% per year but the company’s share price has only increased by 30% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jun 26
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to €102, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 20x in the Semiconductor industry in Europe. Total returns to shareholders of 281% over the past three years. Valuation Update With 7 Day Price Move • Jun 09
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to €86.15, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 21x in the Semiconductor industry in Europe. Total returns to shareholders of 228% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €142 per share. Reported Earnings • May 15
First quarter 2023 earnings released: EPS: €1.49 (vs €0.085 in 1Q 2022) First quarter 2023 results: EPS: €1.49 (up from €0.085 in 1Q 2022). Revenue: €367.2m (up 67% from 1Q 2022). Net income: €51.7m (up €48.7m from 1Q 2022). Profit margin: 14% (up from 1.3% in 1Q 2022). Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Semiconductor industry in Europe. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has increased by 54% per year, which means it is tracking significantly ahead of earnings growth. Announcement • May 12
Sma Solar Technology Ag Updates Earnings Guidance for the Year 2023 SMA Solar Technology AG updated earnings guidance for the year 2023. For the period, the company raised sales and earnings guidance for 2023:Sales of between EUR 1,450 million and EUR 1,600 million. (previously: EUR 1,350 million and EUR 1,500 million). Valuation Update With 7 Day Price Move • Apr 06
Investor sentiment improves as stock rises 25% After last week's 25% share price gain to €97.55, the stock trades at a forward P/E ratio of 39x. Average forward P/E is 23x in the Semiconductor industry in Europe. Total returns to shareholders of 268% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €124 per share. Buying Opportunity • Apr 03
Now 21% undervalued Over the last 90 days, the stock is up 52%. The fair value is estimated to be €123, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 19% per annum. Earnings is also forecast to grow by 30% per annum over the same time period. Reported Earnings • Mar 31
Full year 2022 earnings released: EPS: €1.61 (vs €0.66 loss in FY 2021) Full year 2022 results: EPS: €1.61 (up from €0.66 loss in FY 2021). Revenue: €1.07b (up 8.4% from FY 2021). Net income: €55.8m (up €78.8m from FY 2021). Profit margin: 5.2% (up from net loss in FY 2021). Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Semiconductor industry in Europe. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has increased by 46% per year, which means it is well ahead of earnings. Buying Opportunity • Mar 17
Now 20% undervalued Over the last 90 days, the stock is up 13%. The fair value is estimated to be €92.34, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company became loss making. Announcement • Oct 28
SMA Solar Technology Ag Provides Sales Guidance for the Fiscal Year 2022 SMA Solar Technology AG provided sales guidance for the fiscal year 2022. For the year, the company expects sales to between €975 million and €1,050 million (previously: €900 million to €1,050 million). Reported Earnings • Aug 15
Second quarter 2022 earnings released: €0.39 loss per share (vs €0.15 profit in 2Q 2021) Second quarter 2022 results: €0.39 loss per share (down from €0.15 profit in 2Q 2021). Revenue: €251.3m (up 1.4% from 2Q 2021). Net loss: €13.6m (down 355% from profit in 2Q 2021). Over the next year, revenue is forecast to grow 13%, compared to a 20% growth forecast for the Semiconductor industry in Austria. Over the last 3 years on average, earnings per share has increased by 82% per year but the company’s share price has only increased by 44% per year, which means it is significantly lagging earnings growth. Announcement • Aug 12
SMA Solar Technology AG Provides Sales Guidance for the Year 2022 SMA Solar Technology AG Managing Board confirmed its sales and earnings guidance for the 2022 fiscal year as published on March 1, 2022. It forecasts sales of between EUR 900 million and EUR 1,050 million. Announcement • May 20
SMA Solar Technology AG Announces Executive Changes SMA Solar Technology AG announced change in SMA's Board Member for Finance Niestetal, Ulrich Hadding, Board Member for Finance, Human Resources and Legal at SMA Solar Technology AG will leave the company at his own request on May 31, 2022, after many years of service. Barbara Gregor, Managing Director and CFO of thyssenkrupp Materials Trading GmbH and the international thyssenkrupp Materials Trading Group, has been appointed to the Managing Board as his successor. Ulrich Hadding is leaving his position on the Managing Board of SMA to take on a new professional challenge. Barbara Gregor was appointed by the Supervisory Board as successor to Ulrich Hadding and will assume the function of CFO at SMA as of December 1, 2022. She has many years of international experience in all areas of CFO responsibility, in particular in the management and further development of Finance, Controlling, Accounting, Risk Management, HR and IT. Barbara Gregor is also considered an expert in international M&A transactions, change management as well as strategic business development and turnaround management. Until she joins the company, Thomas Pixa, Executive Vice President Finance at SMA, will act as interim CFO. Announcement • May 13
SMA Solar Technology AG Confirms Financial Guidance for the Year 2022 SMA Solar Technology AG confirmed its sales and earnings guidance for the 2022 fiscal year as published on March 1, 2022, which forecasts sales of between EUR 900 million and EUR 1,050 million. Reported Earnings • May 12
First quarter 2022 earnings released: EPS: €0.085 (vs €0.23 in 1Q 2021) First quarter 2022 results: EPS: €0.085 (down from €0.23 in 1Q 2021). Revenue: €220.6m (down 8.2% from 1Q 2021). Net income: €2.96m (down 63% from 1Q 2021). Profit margin: 1.3% (down from 3.3% in 1Q 2021). The decrease in margin was driven by lower revenue. Over the next year, revenue is forecast to grow 3.7%, compared to a 27% growth forecast for the industry in Austria. Over the last 3 years on average, earnings per share has increased by 107% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth. Reported Earnings • Apr 01
Full year 2021 earnings released: €0.66 loss per share (vs €0.81 profit in FY 2020) Full year 2021 results: €0.66 loss per share (down from €0.81 profit in FY 2020). Revenue: €983.7m (down 4.2% from FY 2020). Net loss: €23.0m (down 182% from profit in FY 2020). Over the next year, revenue is forecast to stay flat compared to a 21% growth forecast for the industry in Austria. Over the last 3 years on average, earnings per share has increased by 113% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth. Announcement • Mar 04
Sma Solar Technology Ag Provides Revenue Guidance for 2022 SMA Solar Technology AG provided revenue guidance for 2022. The company announced that for the current fiscal year, the Managing Board anticipates sales of between EUR 900 million and EUR 1,050 million. Valuation Update With 7 Day Price Move • Feb 28
Investor sentiment improved over the past week After last week's 26% share price gain to €35.62, the stock trades at a forward P/E ratio of 102x. Average forward P/E is 23x in the Semiconductor industry in Europe. Total returns to shareholders of 56% over the past three years. Reported Earnings • Nov 12
Third quarter 2021 earnings released: EPS €0.058 (vs €0.19 in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: €256.7m (down 1.1% from 3Q 2020). Net income: €2.00m (down 69% from 3Q 2020). Profit margin: 0.8% (down from 2.5% in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 98% per year but the company’s share price has only increased by 37% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Nov 12
Investor sentiment improved over the past week After last week's 17% share price gain to €48.00, the stock trades at a forward P/E ratio of 96x. Average forward P/E is 31x in the Semiconductor industry in Europe. Total returns to shareholders of 161% over the past three years. Reported Earnings • Aug 13
Second quarter 2021 earnings released: EPS €0.15 (vs €0.087 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: €247.9m (up 9.6% from 2Q 2020). Net income: €5.33m (up 76% from 2Q 2020). Profit margin: 2.1% (up from 1.3% in 2Q 2020). Over the last 3 years on average, earnings per share has increased by 66% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • May 26
Inaugural dividend of €0.30 per share Eligible shareholders must have bought the stock before 02 June 2021. Payment date: 04 June 2021. The company last paid an ordinary dividend in May 2018. The average dividend yield among industry peers is 0.6%. Reported Earnings • May 16
First quarter 2021 earnings released: EPS €0.23 (vs €0.009 loss in 1Q 2020) The company reported a decent first quarter result with improved earnings and profit margins, although revenues were weaker. First quarter 2021 results: Revenue: €240.4m (down 17% from 1Q 2020). Net income: €7.96m (up €8.28m from 1Q 2020). Profit margin: 3.3% (up from net loss in 1Q 2020). Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Announcement • May 13
SMA Solar Technology AG Maintains Earnings Guidance for the Full Year 2021 SMA Solar Technology AG maintained earnings guidance for the full year 2021. For the year, the company forecast an increase in sales to between €1,075 million and €1,175 million. Valuation Update With 7 Day Price Move • May 05
Investor sentiment deteriorated over the past week After last week's 16% share price decline to €42.54, the stock trades at a forward P/E ratio of 54x. Average forward P/E is 40x in the Semiconductor industry in Europe. Total loss to shareholders of 23% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €32.27 per share. Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment improved over the past week After last week's 15% share price gain to €54.75, the stock trades at a forward P/E ratio of 59x. Average forward P/E is 41x in the Semiconductor industry in Europe. Total returns to shareholders of 11% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €32.64 per share. Reported Earnings • Mar 27
Full year 2020 earnings released: EPS €0.81 (vs €0.25 loss in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: €1.03b (up 12% from FY 2019). Net income: €28.1m (up €36.7m from FY 2019). Profit margin: 2.7% (up from net loss in FY 2019). Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has increased by 1% per year. Announcement • Mar 26
SMA Solar Technology AG Provides Earnings Guidance for the First Quarter of 2021 and Confirms Earnings Guidance for the Full Year of 2021 SMA Solar Technology AG provided earnings guidance for the first quarter of 2021 and confirmed earnings guidance for the full year of 2021. For the quarter, the company anticipates sales of EUR 235 million to EUR 245 million.
For the year, the company is confirming its sales and earnings guidance as published on February 5, 2021, which forecasts an increase in sales to between EUR 1,075 million and EUR 1,175 million. Announcement • Feb 06
SMA Solar Technology AG Provides Sales Guidance for the Fiscal Year 2021 SMA Solar Technology AG provided sales guidance for the fiscal year 2021. For the year, the company expects sales to between EUR 1,075 million and EUR 1,175 million compared with previous guidance of 2020 between EUR 1,000 million and 1,100 million. Is New 90 Day High Low • Jan 21
New 90-day high: €67.25 The company is up 76% from its price of €38.14 on 23 October 2020. The Austrian market is up 36% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Semiconductor industry, which is up 37% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €23.08 per share. Is New 90 Day High Low • Jan 04
New 90-day high: €57.30 The company is up 47% from its price of €38.90 on 06 October 2020. The Austrian market is up 27% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Semiconductor industry, which is up 21% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €23.06 per share. Is New 90 Day High Low • Dec 15
New 90-day high: €50.80 The company is up 35% from its price of €37.74 on 15 September 2020. The Austrian market is up 17% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Semiconductor industry, which is up 19% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €22.75 per share. Analyst Estimate Surprise Post Earnings • Nov 13
Revenue beats expectations Revenue exceeded analyst estimates by 4.2%. Over the next year, revenue is forecast to grow 2.5%, compared to a 11% growth forecast for the Semiconductor industry in Austria. Is New 90 Day High Low • Nov 13
New 90-day high: €49.90 The company is up 41% from its price of €35.34 on 14 August 2020. The Austrian market is up 6.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Semiconductor industry, which is up 14% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €45.65 per share. Reported Earnings • Nov 13
Third quarter 2020 earnings released: EPS €0.19 The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2020 results: Revenue: €259.4m (down 3.2% from 3Q 2019). Net income: €6.53m (up 77% from 3Q 2019). Profit margin: 2.5% (up from 1.4% in 3Q 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings. Is New 90 Day High Low • Oct 08
New 90-day high: €45.56 The company is up 63% from its price of €27.96 on 10 July 2020. The Austrian market is down 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Semiconductor industry, which is up 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €73.61 per share. 
