SMA Solar Technology AG

WBAG:S92 Stock Report

Market Cap: €459.1m

SMA Solar Technology Valuation

Is S92 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of S92 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: S92 (€13.23) is trading below our estimate of fair value (€103.48)

Significantly Below Fair Value: S92 is trading below fair value by more than 20%.


Key Valuation Metric

Which metric is best to use when looking at relative valuation for S92?

Key metric: As S92 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for S92. This is calculated by dividing S92's market cap by their current earnings.
What is S92's PE Ratio?
PE Ratio5.7x
Earnings€79.98m
Market Cap€459.08m

Price to Earnings Ratio vs Peers

How does S92's PE Ratio compare to its peers?

The above table shows the PE ratio for S92 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average21.8x
A031980 PSK HOLDINGS
8.7x10.8%₩652.3b
688719 Xi'an Actionpower Electric
40.3x52.3%CN¥3.4b
AEHR Aehr Test Systems
14.5xn/aUS$422.2m
3587 Materials Analysis Technology
23.5x23.9%NT$16.5b
S92 SMA Solar Technology
5.7x30.8%€459.1m

Price-To-Earnings vs Peers: S92 is good value based on its Price-To-Earnings Ratio (5.7x) compared to the peer average (21.8x).


Price to Earnings Ratio vs Industry

How does S92's PE Ratio compare vs other companies in the European Semiconductor Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
S92 5.7xIndustry Avg. 17.0xNo. of Companies7PE01632486480+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: S92 is good value based on its Price-To-Earnings Ratio (5.7x) compared to the European Semiconductor industry average (17x).


Price to Earnings Ratio vs Fair Ratio

What is S92's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

S92 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio5.7x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate S92's Price-To-Earnings Fair Ratio for valuation analysis.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst S92 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€13.23
€14.60
+10.4%
11.9%€17.00€12.00n/a5
Dec ’25€13.59
€14.83
+9.1%
11.3%€17.00€12.00n/a6
Nov ’25€15.77
€20.00
+26.8%
4.1%€21.00€19.00n/a6
Oct ’25€18.28
€22.33
+22.2%
15.7%€30.00€20.00n/a6
Sep ’25€20.96
€30.83
+47.1%
14.8%€40.00€26.00n/a6
Aug ’25€24.82
€33.17
+33.6%
9.9%€40.00€30.00n/a6
Jul ’25€27.00
€33.17
+22.8%
9.9%€40.00€30.00n/a6
Jun ’25€48.38
€58.33
+20.6%
14.4%€70.00€48.00n/a6
May ’25€49.36
€63.00
+27.6%
15.4%€76.00€51.00n/a6
Apr ’25€53.80
€66.33
+23.3%
10.0%€76.00€60.00n/a6
Mar ’25€57.40
€66.50
+15.9%
11.6%€82.00€60.00n/a6
Feb ’25€47.40
€66.50
+40.3%
11.6%€82.00€60.00n/a6
Jan ’25€60.15
€66.50
+10.6%
11.6%€82.00€60.00n/a6
Dec ’24€57.55
€66.50
+15.6%
11.6%€82.00€60.00€13.596
Nov ’24€57.70
€84.83
+47.0%
20.5%€115.00€67.00€15.776
Oct ’24€61.65
€91.67
+48.7%
12.9%€115.00€81.00€18.286
Sep ’24€73.60
€91.67
+24.5%
12.9%€115.00€81.00€20.966
Aug ’24€87.85
€107.40
+22.3%
5.7%€115.00€97.00€24.825
Jul ’24€107.20
€112.40
+4.9%
8.6%€125.00€97.00€27.005
Jun ’24€100.60
€107.40
+6.8%
11.7%€125.00€94.00€48.385
May ’24€99.05
€95.60
-3.5%
14.2%€120.00€83.00€49.365
Apr ’24€99.05
€83.60
-15.6%
15.8%€100.00€60.00€53.805
Mar ’24€76.30
€62.00
-18.7%
21.3%€85.00€47.00€57.405
Feb ’24€78.65
€62.00
-21.2%
21.3%€85.00€47.00€47.405
Jan ’24€66.85
€56.00
-16.2%
11.7%€66.00€47.00€60.155
Dec ’23€65.15
€56.00
-14.0%
11.7%€66.00€47.00€57.555

Analyst Forecast: Target price is less than 20% higher than the current share price.


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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/22 02:29
End of Day Share Price 2024/12/20 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

SMA Solar Technology AG is covered by 29 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
James FontanelliArete Research Services LLP
Rupesh MadlaniBarclays
Lasse StuebenBerenberg