OTCPK:SMTG.F

Stock Analysis Report

Executive Summary

SMA Solar Technology AG, together with its subsidiaries, develops, produces, and distributes photovoltaic (PV) inverters, transformers, choke coils, and monitoring and energy management systems for PV systems worldwide.

Snowflake

Fundamentals

Adequate balance sheet with moderate growth potential.

Risks

  • SMA Solar Technology is covered by less than 3 analysts.

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


Market Performance


7 Day Return

15.1%

OTCPK:SMTG.F

0.8%

US Semiconductor

1.1%

US Market


1 Year Return

n/a

OTCPK:SMTG.F

11.3%

US Semiconductor

2.1%

US Market

No trading data on SMTG.F.

No trading data on SMTG.F.


Share holder returns

SMTG.FIndustryMarket
7 Day15.1%0.8%1.1%
30 Day2.6%7.7%3.7%
90 Dayn/a12.3%2.3%
1 Yearn/a13.3%11.3%4.4%2.1%
3 Year-28.1%-28.1%83.6%72.9%47.0%37.4%
5 Year-13.8%-13.8%123.2%100.4%61.6%43.8%

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 based on future cash flows and its price relative to the stock market?

2.04x

Price to Book (PB) ratio


Intrinsic Value Based on Future Cash Flows

SMA Solar Technology's share price is above the future cash flow value, it's not available at a moderate discount (< 20%).

SMA Solar Technology's share price is above the future cash flow value, it's not available at a substantial discount (< 40%).


Price Based on Earnings

SMA Solar Technology is loss making, we can't compare its value to the US Semiconductor industry average.

SMA Solar Technology is loss making, we can't compare the value of its earnings to the United States of America market.


Price Based on Expected Growth

Unable to calculate PEG ratio for SMA Solar Technology, we can't assess if its growth is good value.


Price Based on Value of Assets

SMA Solar Technology is good value based on assets compared to the US Semiconductor industry average.


Next Steps

Future Growth

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

118.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

SMA Solar Technology's revenue is expected to grow by 4.5% yearly, however this is not considered high growth (20% yearly).

SMA Solar Technology's earnings are expected to grow significantly at over 20% yearly.

SMA Solar Technology's revenue growth is positive but not above the United States of America market average.

SMA Solar Technology's earnings growth is expected to exceed the United States of America market average.

SMA Solar Technology's earnings growth is expected to exceed the low risk savings rate of 2.7%.


Earnings per Share Growth Estimates


Future Return on Equity

SMA Solar Technology is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).


Next Steps

Past Performance

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

7.3%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

SMA Solar Technology does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.

Unable to compare SMA Solar Technology's 1-year earnings growth to the 5-year average as it is not currently profitable.

Unable to compare SMA Solar Technology's 1-year growth to the US Semiconductor industry average as it is not currently profitable.


Return on Equity

It is difficult to establish if SMA Solar Technology has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.


Return on Assets

It is difficult to establish if SMA Solar Technology has efficiently used its assets last year compared to the US Semiconductor industry average (Return on Assets) as it is loss-making.


Return on Capital Employed

It is difficult to establish if SMA Solar Technology improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.


Next Steps

Financial Health

How is SMA Solar Technology's financial position?


Financial Position Analysis

SMA Solar Technology is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.

SMA Solar Technology's cash and other short term assets cover its long term commitments.


Debt to Equity History and Analysis

SMA Solar Technology's level of debt (4.6%) compared to net worth is satisfactory (less than 40%).

The level of debt compared to net worth has been reduced over the past 5 years (9.8% vs 4.6% today).


Balance Sheet

High level of physical assets or inventory.

Debt is covered by short term assets, assets are 35.6x debt.


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Information is not available.

Unable to confirm if SMA Solar Technology has at least 1 year of cash runway based on growing free cash flows without relevant data.


Next Steps

Dividend

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

0.32%

Expected Dividend Yield


Dividend Yield and Payments Analysis

Unable to evaluate SMA Solar Technology's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.

Unable to evaluate SMA Solar Technology's dividend against the top 25% market benchmark as the company has not reported any payouts.

Unable to perform a dividend volatility check as SMA Solar Technology has not reported any payouts.

Unable to verify if SMA Solar Technology's dividend has been increasing as the company has not reported any payouts.


Current Payout to Shareholders

Unable to calculate sustainability of dividends as SMA Solar Technology has not reported any payouts.


Future Payout to Shareholders

No need to calculate the sustainability of SMA Solar Technology's dividends in 3 years as they are not expected to pay a notable one for United States of America.


Next Steps

Management

What is the CEO of SMA Solar Technology's salary, the management and board of directors tenure and is there insider trading?

5.3yrs

Average management tenure


CEO

Jürgen Reinert (51yo)

0.9yrs

Tenure

€1,373,000

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

Jürgen's remuneration is lower than average for companies of similar size in United States of America.

Jürgen's compensation has been consistent with company performance over the past year, both up more than 20%.


Management Age and Tenure

5.3yrs

Average Tenure

53.5yo

Average Age

The average tenure for the SMA Solar Technology management team is over 5 years, this suggests they are a seasoned and experienced team.


Board Age and Tenure

4.8yrs

Average Tenure

61.5yo

Average Age

The tenure for the SMA Solar Technology board of directors is about average.


Insider Trading

No 3 month open market individual insider trading information.


Ownership Breakdown


Management Team

  • Peter Drews (63yo)

    Co-Founder & Member of Supervisory Board

    • Tenure: 8.3yrs
    • Compensation: €30.30k
  • Jürgen Reinert (51yo)

    CEO, Head of Operations & Technology and Member of Managing Board

    • Tenure: 0.9yrs
    • Compensation: €1.37m
  • Volker Wasgindt

    Head of Press Relations & Public Affairs

    • Tenure: 0yrs
  • Marko Werner (56yo)

    Executive Vice President of European Sales

    • Tenure: 5.3yrs
  • Jeanete Klokgether

    Executive Vice President of Sales & Marketing

    • Tenure: 0yrs
  • Volker Wachenfeld

    Senior Vice President of Hybrid Energy & Storage Integration

    • Tenure: 8yrs
  • Anja Jasper

    Head of Corporate Communications

    • Tenure: 0yrs
  • Julia Damm

    Manager of Investor Relations

    • Tenure: 0yrs
  • Ulrich Hadding (51yo)

    Head of Finance

    • Tenure: 4.7yrs
    • Compensation: €1.03m

Board Members

  • Roland Bent

    Member of Supervisory Board

    • Tenure: 4.7yrs
    • Compensation: €29.50k
  • John Häde (60yo)

    Employee Representative Member of Supervisory Board

    • Tenure: 15.7yrs
    • Compensation: €43.80k
  • Peter Drews (63yo)

    Co-Founder & Member of Supervisory Board

    • Tenure: 8.3yrs
    • Compensation: €30.30k
  • Erik Ehrentraut (76yo)

    Chairman of Supervisory Board

    • Tenure: 4.6yrs
    • Compensation: €79.60k
  • Alexa Hergenröther (48yo)

    Member of Supervisory Board

    • Tenure: 3.1yrs
    • Compensation: €51.30k
  • Oliver Dietzel

    Employee Representative Member of Supervisory Board

    • Tenure: 6.3yrs
    • Compensation: €43.00k
  • Kim Fausing

    Deputy Chairman of Supervisory Board

    • Tenure: 5yrs
  • Heike Haigis

    Employee Representative Member of Supervisory Board

    • Tenure: 5yrs
    • Compensation: €31.00k
  • Yvonne Siebert

    Employee Representative Member of Supervisory Board

    • Tenure: 4.3yrs
    • Compensation: €36.80k
  • Matthias Victor

    Employee Representative Member of Supervisory Board

    • Tenure: 4.3yrs
    • Compensation: €38.30k

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: €827.942m
  • Listing Market Cap: €910.527m
  • 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

Biography

SMA Solar Technology AG, together with its subsidiaries, develops, produces, and distributes photovoltaic (PV) inverters, transformers, choke coils, and monitoring and energy management systems for PV syst ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/09/17 00:03
End of Day Share Price2019/09/11 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.