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SMHN

SÜSS MicroTec DB:SMHN Stock Report

Last Price

€14.74

Market Cap

€276.4m

7D

2.5%

1Y

-44.5%

Updated

19 Apr, 2022

Data

Company Financials +
SMHN fundamental analysis
Snowflake Score
Valuation4/6
Future Growth4/6
Past Performance4/6
Financial Health5/6
Dividends0/6

SMHN Stock Overview

SÜSS MicroTec SE, together with its subsidiaries, develops, manufactures, and markets machines for the production of microelectronics, microelectromechanical systems, and related applications.

SÜSS MicroTec Competitors

Price History & Performance

Summary of all time highs, changes and price drops for SÜSS MicroTec
Historical stock prices
Current Share Price€14.74
52 Week High€29.85
52 Week Low€14.38
Beta1.88
1 Month Change-16.44%
3 Month Change-23.15%
1 Year Change-44.48%
3 Year Change29.98%
5 Year Change38.12%
Change since IPO16.81%

Recent News & Updates

Shareholder Returns

SMHNDE SemiconductorDE Market
7D2.5%0.4%-0.02%
1Y-44.5%-20.8%-11.2%

Return vs Industry: SMHN underperformed the German Semiconductor industry which returned -20.8% over the past year.

Return vs Market: SMHN underperformed the German Market which returned -11.2% over the past year.

Price Volatility

Is SMHN's price volatile compared to industry and market?
SMHN volatility
SMHN Average Weekly Movement8.2%
Semiconductor Industry Average Movement7.6%
Market Average Movement6.5%
10% most volatile stocks in DE Market10.5%
10% least volatile stocks in DE Market3.5%

Stable Share Price: SMHN is not significantly more volatile than the rest of German stocks over the past 3 months, typically moving +/- 8% a week.

Volatility Over Time: SMHN's weekly volatility (8%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19491,178Gotz Bendelehttps://www.suss.com

SÜSS MicroTec SE, together with its subsidiaries, develops, manufactures, and markets machines for the production of microelectronics, microelectromechanical systems, and related applications. It operates through five divisions: Photomask Equipment, Lithography, Bonder, Microoptics, and Others. The company develops, manufactures, and sells mask aligners, coaters and developers, UV projection scanners, and laser processing tool.

SÜSS MicroTec Fundamentals Summary

How do SÜSS MicroTec's earnings and revenue compare to its market cap?
SMHN fundamental statistics
Market Cap€276.41m
Earnings (TTM)€16.02m
Revenue (TTM)€263.44m

17.3x

P/E Ratio

1.0x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
SMHN income statement (TTM)
Revenue€263.44m
Cost of Revenue€170.78m
Gross Profit€92.65m
Other Expenses€76.64m
Earnings€16.02m

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

May 12, 2022

Earnings per share (EPS)0.84
Gross Margin35.17%
Net Profit Margin6.08%
Debt/Equity Ratio5.8%

How did SMHN perform over the long term?

See historical performance and comparison

Valuation

Is SÜSS MicroTec undervalued compared to its fair value and its price relative to the market?

17.26x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: SMHN (€14.74) is trading above our estimate of fair value (€5.41)

Significantly Below Fair Value: SMHN is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: SMHN is good value based on its PE Ratio (17.3x) compared to the German Semiconductor industry average (23.6x).

PE vs Market: SMHN is good value based on its PE Ratio (17.3x) compared to the German market (18.9x).


Price to Earnings Growth Ratio

PEG Ratio: SMHN is good value based on its PEG Ratio (0.6x)


Price to Book Ratio

PB vs Industry: SMHN is good value based on its PB Ratio (1.8x) compared to the DE Semiconductor industry average (2.9x).


Future Growth

How is SÜSS MicroTec forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

30.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: SMHN's forecast earnings growth (30% per year) is above the savings rate (-0.05%).

Earnings vs Market: SMHN's earnings (30% per year) are forecast to grow faster than the German market (9.1% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: SMHN's revenue (9.8% per year) is forecast to grow faster than the German market (4.9% per year).

High Growth Revenue: SMHN's revenue (9.8% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: SMHN's Return on Equity is forecast to be low in 3 years time (13.2%).


Past Performance

How has SÜSS MicroTec performed over the past 5 years?

4.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: SMHN has high quality earnings.

Growing Profit Margin: SMHN's current net profit margins (6.1%) are higher than last year (4.9%).


Past Earnings Growth Analysis

Earnings Trend: SMHN's earnings have grown by 4.9% per year over the past 5 years.

Accelerating Growth: SMHN's earnings growth over the past year (29.5%) exceeds its 5-year average (4.9% per year).

Earnings vs Industry: SMHN earnings growth over the past year (29.5%) underperformed the Semiconductor industry 115.9%.


Return on Equity

High ROE: SMHN's Return on Equity (10.2%) is considered low.


Financial Health

How is SÜSS MicroTec's financial position?


Financial Position Analysis

Short Term Liabilities: SMHN's short term assets (€208.9M) exceed its short term liabilities (€92.4M).

Long Term Liabilities: SMHN's short term assets (€208.9M) exceed its long term liabilities (€29.9M).


Debt to Equity History and Analysis

Debt Level: SMHN has more cash than its total debt.

Reducing Debt: SMHN's debt to equity ratio has increased from 3.6% to 5.8% over the past 5 years.

Debt Coverage: SMHN's debt is well covered by operating cash flow (269.6%).

Interest Coverage: SMHN's interest payments on its debt are well covered by EBIT (57x coverage).


Balance Sheet


Dividend

What is SÜSS MicroTec current dividend yield, its reliability and sustainability?

1.56%

Forecast Dividend Yield


Dividend Yield vs Market

Notable Dividend: Unable to evaluate SMHN's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate SMHN'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 SMHN's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if SMHN's dividend payments have been increasing.


Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as SMHN has not reported any payouts.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

0.9yrs

Average management tenure


CEO

Gotz Bendele (51 yo)

0.92

Tenure

Dr. Gotz M. Bendele has been Chief Executive Officer and Member of Management Board of SÜSS MicroTec SE since May 01, 2021. Dr. Bendele served as Chairman of Management Board and Chief Executive Officer at...


Leadership Team

Experienced Management: SMHN's management team is not considered experienced ( 0.9 years average tenure), which suggests a new team.


Board Members

Experienced Board: SMHN's board of directors are not considered experienced ( 1.9 years average tenure), which suggests a new board.


Ownership

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.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

SÜSS MicroTec SE's employee growth, exchange listings and data sources


Key Information

  • Name: SÜSS MicroTec SE
  • Ticker: SMHN
  • Exchange: DB
  • Founded: 1949
  • Industry: Semiconductor Equipment
  • Sector: Semiconductors
  • Implied Market Cap: €276.411m
  • Shares outstanding: 19.12m
  • Website: https://www.suss.com

Number of Employees


Location

  • SÜSS MicroTec SE
  • Schleissheimer Street 90
  • Garching bei München
  • Bavaria
  • 85748
  • Germany

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/04/19 00:00
End of Day Share Price2022/04/14 00:00
Earnings2021/12/31
Annual Earnings2021/12/31


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.