Siltronic AG, together with its subsidiaries, manufactures and sells semiconductor silicon wafers with diameters of up to 300 mm worldwide. More Details
Excellent balance sheet with reasonable growth potential.
Share Price & News
How has Siltronic's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: WAF is less volatile than 75% of German stocks over the past 3 months, typically moving +/- 1% a week.
Volatility Over Time: WAF's weekly volatility (1%) has been stable over the past year.
7 Day Return
1 Year Return
Return vs Industry: WAF underperformed the German Semiconductor industry which returned 89.3% over the past year.
Return vs Market: WAF exceeded the German Market which returned 35.2% over the past year.
Long-Term Price Volatility Vs. Market
How volatile is Siltronic's share price compared to the market and industry in the last 5 years?
Simply Wall St News
3 months ago | Simply Wall StA Look At The Intrinsic Value Of Siltronic AG (ETR:WAF)
5 months ago | Simply Wall StSiltronic AG's (ETR:WAF) Stock Is Going Strong: Is the Market Following Fundamentals?
5 months ago | Simply Wall StIs Siltronic AG's (ETR:WAF) 3.2% Dividend Worth Your Time?
Is Siltronic 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: WAF (€143) is trading above our estimate of fair value (€106.79)
Significantly Below Fair Value: WAF is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: WAF is good value based on its PE Ratio (26.7x) compared to the DE Semiconductor industry average (53x).
PE vs Market: WAF is good value based on its PE Ratio (26.7x) compared to the German market (27.8x).
Price to Earnings Growth Ratio
PEG Ratio: WAF is poor value based on its PEG Ratio (1.2x)
Price to Book Ratio
PB vs Industry: WAF is overvalued based on its PB Ratio (5.5x) compared to the DE Semiconductor industry average (3.3x).
How is Siltronic forecast to perform in the next 1 to 3 years based on estimates from 8 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: WAF's forecast earnings growth (22.4% per year) is above the savings rate (0.01%).
Earnings vs Market: WAF's earnings (22.4% per year) are forecast to grow faster than the German market (19.5% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: WAF's revenue (7.9% per year) is forecast to grow faster than the German market (5.5% per year).
High Growth Revenue: WAF's revenue (7.9% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: WAF's Return on Equity is forecast to be low in 3 years time (16.8%).
How has Siltronic performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: WAF has a high level of non-cash earnings.
Growing Profit Margin: WAF's current net profit margins (13.3%) are lower than last year (17.7%).
Past Earnings Growth Analysis
Earnings Trend: WAF has become profitable over the past 5 years, growing earnings by 33.1% per year.
Accelerating Growth: WAF's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: WAF had negative earnings growth (-28.6%) over the past year, making it difficult to compare to the Semiconductor industry average (-41.4%).
Return on Equity
High ROE: WAF's Return on Equity (21.4%) is considered high.
How is Siltronic's financial position?
Financial Position Analysis
Short Term Liabilities: WAF's short term assets (€824.1M) exceed its short term liabilities (€219.2M).
Long Term Liabilities: WAF's short term assets (€824.1M) do not cover its long term liabilities (€828.4M).
Debt to Equity History and Analysis
Debt Level: WAF is debt free.
Reducing Debt: WAF has no debt compared to 5 years ago when its debt to equity ratio was 7.8%.
Debt Coverage: WAF has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: WAF has no debt, therefore coverage of interest payments is not a concern.
What is Siltronic current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: WAF's dividend (1.4%) is higher than the bottom 25% of dividend payers in the German market (1.06%).
High Dividend: WAF's dividend (1.4%) is low compared to the top 25% of dividend payers in the German market (3.14%).
Stability and Growth of Payments
Stable Dividend: WAF has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: WAF has only been paying a dividend for 3 years, and since then payments have fallen.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (37.3%), WAF's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: WAF's dividends in 3 years are forecast to be well covered by earnings (39% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Christoph von Plotho (65 yo)
Dr. Christoph von Plotho has been the Chairman of Executive Board and Chief Executive Officer of Siltronic AG since October 2010 and served as its President until 2018. Dr. von Plotho is responsible for Ap...
CEO Compensation Analysis
Compensation vs Market: Christoph's total compensation ($USD2.14M) is below average for companies of similar size in the German market ($USD3.42M).
Compensation vs Earnings: Christoph's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
Experienced Management: WAF's management team is seasoned and experienced (10.5 years average tenure).
Experienced Board: WAF's board of directors are considered experienced (4.2 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.
Siltronic AG's company bio, employee growth, exchange listings and data sources
- Name: Siltronic AG
- Ticker: WAF
- Exchange: XTRA
- Founded: 1953
- Industry: Semiconductor Equipment
- Sector: Semiconductors
- Market Cap: €4.290b
- Shares outstanding: 30.00m
- Website: https://www.siltronic.com
Number of Employees
- Siltronic AG
- Einsteinstrasse 172
Siltronic AG, together with its subsidiaries, manufactures and sells semiconductor silicon wafers with diameters of up to 300 mm worldwide. The company offers polished and epitaxial wafers. The company als...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/05/05 22:15|
|End of Day Share Price||2021/05/05 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.