Sumco Corporation

DB:S3X Stock Report

Market Cap: €2.6b

Sumco Valuation

Is S3X undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • 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 S3X when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: S3X (€7.37) is trading below our estimate of fair value (€9.46)

Significantly Below Fair Value: S3X is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for S3X?

Key metric: As S3X is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for S3X. This is calculated by dividing S3X's market cap by their current earnings.
What is S3X's PE Ratio?
PE Ratio19.5x
EarningsJP¥21.21b
Market CapJP¥413.70b

Price to Earnings Ratio vs Peers

How does S3X's PE Ratio compare to its peers?

The above table shows the PE ratio for S3X vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average14.3x
AIXA AIXTRON
14.4x3.5%€1.6b
WAF Siltronic
14.3x-23.8%€1.4b
SMHN SÜSS MicroTec
22.3x-3.4%€959.6m
S92 SMA Solar Technology
6.5x25.3%€517.4m
S3X Sumco
19.5x29.5%€413.7b

Price-To-Earnings vs Peers: S3X is expensive based on its Price-To-Earnings Ratio (19.5x) compared to the peer average (14.3x).

Price to Earnings Ratio vs Industry

How does S3X's PE Ratio compare vs other companies in the European Semiconductor Industry?

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
S3X 19.5xIndustry Avg. 17.5xNo. of Companies6PE01632486480+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: S3X is expensive based on its Price-To-Earnings Ratio (19.5x) compared to the European Semiconductor industry average (17.5x).

Price to Earnings Ratio vs Fair Ratio

What is S3X'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.

S3X PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio19.5x
Fair PE Ratio21x

Price-To-Earnings vs Fair Ratio: S3X is good value based on its Price-To-Earnings Ratio (19.5x) compared to the estimated Fair Price-To-Earnings Ratio (21x).

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 S3X forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€7.37
€11.96
+62.2%
29.2%€20.01€7.95n/a17
Dec ’25€7.47
€12.46
+66.8%
27.4%€20.65€8.71n/a18
Nov ’25€8.64
€13.36
+54.7%
22.9%€20.13€8.62n/a18
Oct ’25€9.78
€13.94
+42.6%
23.5%€20.43€8.75n/a17
Sep ’25€10.26
€14.25
+38.8%
21.2%€20.24€10.21n/a17
Aug ’25€14.40
€16.57
+15.1%
13.4%€19.73€11.71n/a17
Jul ’25€13.36
€16.03
+20.0%
14.6%€19.41€11.52n/a17
Jun ’25€13.70
€15.90
+16.1%
14.8%€19.28€11.44n/a17
May ’25€13.92
€15.88
+14.1%
14.3%€19.28€11.78n/a17
Apr ’25€14.45
€15.62
+8.1%
14.4%€18.88€11.82n/a17
Mar ’25€14.65
€15.27
+4.2%
13.6%€18.44€11.92n/a17
Feb ’25€13.87
€15.19
+9.5%
12.5%€18.87€12.20n/a17
Jan ’25€13.36
€14.96
+12.0%
11.6%€18.09€11.76€7.3016
Dec ’24€13.29
€14.16
+6.6%
11.3%€17.62€11.46€7.4718
Nov ’24€12.36
€13.85
+12.1%
11.4%€17.55€10.91€8.6418
Oct ’24€12.15
€14.09
+16.0%
11.4%€17.76€11.10€9.7818
Sep ’24€12.25
€13.97
+14.0%
11.2%€17.53€10.96€10.2618
Aug ’24€12.99
€14.37
+10.6%
10.9%€18.00€11.25€14.4018
Jul ’24€12.78
€14.49
+13.4%
20.0%€25.34€11.09€13.3618
Jun ’24€13.38
€15.43
+15.3%
21.4%€26.86€11.42€13.7017
May ’24€12.25
€15.70
+28.2%
22.3%€27.09€11.51€13.9217
Apr ’24€13.47
€16.13
+19.8%
22.3%€27.77€11.80€14.4517
Mar ’24€13.05
€16.31
+24.9%
22.7%€27.55€11.71€14.6516
Feb ’24€13.72
€17.64
+28.6%
22.7%€28.26€12.72€13.8716
Jan ’24€12.36
€18.34
+48.3%
25.4%€28.35€13.47€13.3616

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/01/06 06:42
End of Day Share Price 2025/01/03 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

Sumco Corporation is covered by 32 analysts. 18 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Mikiya YamadaBarclays
Yoshitsugu YamamotoBNP Paribas Securities (Asia)
Takashi EnomotoBofA Global Research