OTCPK:SMTG.F

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Executive Summary

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


Snowflake Analysis

Excellent balance sheet with moderate growth potential.


Similar Companies

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: SMTG.F's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

0%

SMTG.F

-0.4%

US Semiconductor

-1.9%

US Market


1 Year Return

n/a

SMTG.F

37.6%

US Semiconductor

13.1%

US Market

Return vs Industry: Insufficient data to determine how SMTG.F performed against the US Semiconductor industry.

Return vs Market: Insufficient data to determine how SMTG.F performed against the US Market.


Shareholder returns

SMTG.FIndustryMarket
7 Day0%-0.4%-1.9%
30 Day2.9%-1.3%-2.9%
90 Day37.7%10.8%8.2%
1 Yearn/a40.2%37.6%15.7%13.1%
3 Year-3.7%-3.7%83.8%74.2%38.4%29.1%
5 Year0.3%0.3%241.6%208.0%89.3%68.0%

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

No news available

Valuation

Is SMA Solar Technology undervalued compared to its fair value and its price relative to the market?

37.0%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: SMTG.F ($43.38) is trading below our estimate of fair value ($68.86)

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


Price To Earnings Ratio

PE vs Industry: SMTG.F is poor value based on its PE Ratio (159.9x) compared to the US Semiconductor industry average (33.7x).

PE vs Market: SMTG.F is poor value based on its PE Ratio (159.9x) compared to the US market (17.8x).


Price to Earnings Growth Ratio

PEG Ratio: SMTG.F is poor value based on its PEG Ratio (3.1x)


Price to Book Ratio

PB vs Industry: SMTG.F's PB Ratio (3.2x) is in line with the US Semiconductor industry average.


Next Steps

Future Growth

How is SMA Solar Technology forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?

51.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: SMTG.F's forecast earnings growth (51.2% per year) is above the savings rate (2.2%).

Earnings vs Market: SMTG.F's earnings (51.2% per year) are forecast to grow faster than the US market (23.1% per year).

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

Revenue vs Market: SMTG.F's revenue (5.9% per year) is forecast to grow slower than the US market (9.9% per year).

High Growth Revenue: SMTG.F's revenue (5.9% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: SMTG.F's Return on Equity is forecast to be low in 3 years time (7%).


Next Steps

Past Performance

How has SMA Solar Technology performed over the past 5 years?

-21.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: SMTG.F has a high level of non-cash earnings.

Growing Profit Margin: SMTG.F became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: SMTG.F has become profitable over the past 5 years, growing earnings by -21% per year.

Accelerating Growth: SMTG.F has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: SMTG.F has become profitable in the last year, making it difficult to compare its past year earnings growth to the Semiconductor industry (7.5%).


Return on Equity

High ROE: SMTG.F's Return on Equity (2%) is considered low.


Next Steps

Financial Health

How is SMA Solar Technology's financial position?


Financial Position Analysis

Short Term Liabilities: SMTG.F's short term assets (€686.9M) exceed its short term liabilities (€315.2M).

Long Term Liabilities: SMTG.F's short term assets (€686.9M) exceed its long term liabilities (€258.5M).


Debt to Equity History and Analysis

Debt Level: SMTG.F's debt to equity ratio (3.2%) is considered satisfactory.

Reducing Debt: SMTG.F's debt to equity ratio has reduced from 13% to 3.2% over the past 5 years.

Debt Coverage: SMTG.F's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: SMTG.F's interest payments on its debt are well covered by EBIT (31.1x coverage).


Balance Sheet


Next Steps

Dividend

What is SMA Solar Technology current dividend yield, its reliability and sustainability?

0.57%

Forecast Dividend Yield


Dividend Yield vs Market

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

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

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


Current Payout to Shareholders

Dividend Coverage: SMTG.F is not paying a notable dividend for the US market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of SMTG.F's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

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

6.0yrs

Average management tenure


CEO

Jürgen Reinert (52 yo)

1.92yrs

Tenure

€1,372,000

Compensation

Dr.-Ing. Jürgen 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: Jürgen's total compensation ($USD1.61M) is below average for companies of similar size in the US market ($USD4.64M).

Compensation vs Earnings: Jürgen's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Jürgen Reinert
CEO, Head of Operations & Technology and Chairman of Managing Board1.92yrs€1.37mno data
Ulrich Hadding
Head of Finance5.67yrs€1.03mno data
Julia Damm
Manager of Investor Relationsno datano datano data
Anja Jasper
Head of Corporate Communicationsno datano datano data
Volker Wasgindt
Head of Press Relations & Public Affairsno datano datano data
Marko Werner
Executive Vice President of European Sales6.25yrsno datano data
Jeanete Klokgether
Executive Vice President of Sales & Marketingno datano datano data
Volker Wachenfeld
Senior Vice President of Hybrid Energy & Storage Integration9yrsno datano data

6.0yrs

Average Tenure

52yo

Average Age

Experienced Management: SMTG.F's management team is seasoned and experienced (6 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Roland Bent
Independent Member of Supervisory Board5.67yrs€28.00kno data
Johannes Häde
Employee Representative Member of Supervisory Board16.67yrs€42.30kno data
Alexa Hergenröther
Independent Member of Supervisory Board4.08yrs€49.10kno data
Oliver Dietzel
Employee Representative Member of Supervisory Board7.33yrs€42.30kno data
Kim Fausing
Deputy Chairman of Supervisory Board6yrsno datano data
Yvonne Siebert
Employee Representative Member of Supervisory Board5.33yrs€36.80kno data
Matthias Victor
Employee Representative Member of Supervisory Board5.33yrs€36.80kno data
Ilonka Nussbaumer
Member of Supervisory Board1.08yrsno datano data
Uwe Kleinkauf
Supervisory Board Chairman0.25yrno data6.33%
€ 98.4m
Jan-Henrik Supady
Supervisory Board Member0.25yrno datano data
Martin Breul
Employee Representative Member of Supervisory Board0.25yrno datano data
Romy Siegert
Employee Representative Member of Supervisory Board0.25yrno datano data

4.7yrs

Average Tenure

Experienced Board: SMTG.F's board of directors are considered experienced (4.7 years average tenure).


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

SMA Solar Technology AG's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: SMA Solar Technology AG
  • Ticker: SMTG.F
  • Exchange: OTCPK
  • Founded: 1981
  • Industry: Semiconductor Equipment
  • Sector: Semiconductors
  • Market Cap: €1.326b
  • Listing Market Cap: €1.555b
  • Shares outstanding: 34.70m
  • Website: https://www.sma.de

Number of Employees


Location

  • SMA Solar Technology AG
  • Sonnenallee 1
  • Niestetal
  • Hessen
  • 34266
  • Germany

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
S92DB (Deutsche Boerse AG)YesOrdinary Bearer SharesDEEURJun 2008
S92XTRA (XETRA Trading Platform)YesOrdinary Bearer SharesDEEURJun 2008
0NIFLSE (London Stock Exchange)YesOrdinary Bearer SharesGBEURJun 2008
SMTG.FOTCPK (Pink Sheets LLC)YesOrdinary Bearer SharesUSUSDJun 2008
S92DBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary Bearer SharesGBEURJun 2008
S92SWX (SIX Swiss Exchange)YesOrdinary Bearer SharesCHCHFJun 2008
S92WBAG (Wiener Boerse AG)YesOrdinary Bearer SharesATEURJun 2008
S92ETLX (Eurotlx)YesOrdinary Bearer SharesITEURJun 2008

Biography

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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/09/23 05:57
End of Day Share Price2020/09/11 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.