SMA Solar Technology AG, together with its subsidiaries, develops, produces, and sells solar and battery inverters, monitoring systems for photovoltaic (PV) systems, medium-voltage technology products, transformers, and chokes worldwide. More Details
Excellent balance sheet with reasonable growth potential.
Share Price & News
How has SMA Solar Technology's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: S92 is not significantly more volatile than the rest of German stocks over the past 3 months, typically moving +/- 6% a week.
Volatility Over Time: S92's weekly volatility (6%) has been stable over the past year.
7 Day Return
1 Year Return
Return vs Industry: S92 underperformed the German Semiconductor industry which returned 58.8% over the past year.
Return vs Market: S92 exceeded the German Market which returned 29.6% over the past year.
Long-Term Price Volatility Vs. Market
How volatile is SMA Solar Technology's share price compared to the market and industry in the last 5 years?
Simply Wall St News
3 weeks ago | Simply Wall StIs Now The Time To Put SMA Solar Technology (ETR:S92) On Your Watchlist?
1 month ago | Simply Wall StAt €45.06, Is It Time To Put SMA Solar Technology AG (ETR:S92) On Your Watch List?
2 months ago | Simply Wall StSMA Solar Technology (ETR:S92) Shareholders Have Enjoyed A 84% Share Price Gain
Is SMA Solar Technology undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: S92 (€42.62) is trading above our estimate of fair value (€36.23)
Significantly Below Fair Value: S92 is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: S92 is poor value based on its PE Ratio (40.7x) compared to the German Semiconductor industry average (39.1x).
PE vs Market: S92 is poor value based on its PE Ratio (40.7x) compared to the German market (26.8x).
Price to Earnings Growth Ratio
PEG Ratio: S92 is poor value based on its PEG Ratio (1.6x)
Price to Book Ratio
PB vs Industry: S92's PB Ratio (3.3x) is in line with the DE Semiconductor industry average.
How is SMA Solar Technology forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: S92's forecast earnings growth (25.2% per year) is above the savings rate (0.01%).
Earnings vs Market: S92's earnings (25.2% per year) are forecast to grow faster than the German market (14.4% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: S92's revenue (8.8% per year) is forecast to grow faster than the German market (5.7% per year).
High Growth Revenue: S92's revenue (8.8% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if S92's Return on Equity is forecast to be high in 3 years time
How has SMA Solar Technology performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: S92 has a large one-off gain of €52.0M impacting its March 31 2021 financial results.
Growing Profit Margin: S92's current net profit margins (3.7%) are higher than last year (0.2%).
Past Earnings Growth Analysis
Earnings Trend: S92 has become profitable over the past 5 years, growing earnings by -30.5% per year.
Accelerating Growth: S92's earnings growth over the past year (2121.6%) exceeds its 5-year average (-30.5% per year).
Earnings vs Industry: S92 earnings growth over the past year (2121.6%) exceeded the Semiconductor industry -24.8%.
Return on Equity
High ROE: S92's Return on Equity (8.1%) is considered low.
How is SMA Solar Technology's financial position?
Financial Position Analysis
Short Term Liabilities: S92's short term assets (€745.1M) exceed its short term liabilities (€351.8M).
Long Term Liabilities: S92's short term assets (€745.1M) exceed its long term liabilities (€275.6M).
Debt to Equity History and Analysis
Debt Level: S92's debt to equity ratio (2.8%) is considered satisfactory.
Reducing Debt: S92's debt to equity ratio has reduced from 6.6% to 2.8% over the past 5 years.
Debt Coverage: S92's debt is well covered by operating cash flow (286.4%).
Interest Coverage: Insufficient data to determine if S92's interest payments on its debt are well covered by EBIT.
What is SMA Solar Technology current dividend yield, its reliability and sustainability?
Forecast Dividend Yield
Dividend Yield vs Market
Notable Dividend: Unable to evaluate S92's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate S92's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if S92's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if S92's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: S92 is not paying a notable dividend for the German market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of S92's dividend in 3 years as they are not forecast to pay a notable one for the German market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Jurgen Reinert (53 yo)
Dr.-Ing. Jurgen Reinert has been Chief Executive Officer of SMA Solar Technology AG since October 15, 2018. Dr.-Ing. Reinert served as Deputy Chief Executive Officer of SMA Solar Technology AG until Octobe...
CEO Compensation Analysis
Compensation vs Market: Jurgen's total compensation ($USD2.08M) is about average for companies of similar size in the German market ($USD1.64M).
Compensation vs Earnings: Jurgen's compensation has increased by more than 20% in the past year.
Experienced Management: S92's management team is seasoned and experienced (6.7 years average tenure).
Experienced Board: S92's board of directors are considered experienced (5.5 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
SMA Solar Technology AG's company bio, employee growth, exchange listings and data sources
- Name: SMA Solar Technology AG
- Ticker: S92
- Exchange: XTRA
- Founded: 1981
- Industry: Semiconductor Equipment
- Sector: Semiconductors
- Market Cap: €1.479b
- Shares outstanding: 34.70m
- Website: https://www.sma.de
Number of Employees
- SMA Solar Technology AG
- Sonnenallee 1
SMA Solar Technology AG, together with its subsidiaries, develops, produces, and sells solar and battery inverters, monitoring systems for photovoltaic (PV) systems, medium-voltage technology products, tra...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/06/23 22:24|
|End of Day Share Price||2021/06/23 00:00|
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.