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Siltronic

OTCPK:SSLL.F
Snowflake Description

Flawless balance sheet with solid track record and pays a dividend.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
SSLL.F
OTCPK
€2B
Market Cap
  1. Home
  2. US
  3. Semiconductors
Company description

Siltronic AG, together with its subsidiaries, produces and sells semiconductor silicon wafers with diameters of up to 300 mm worldwide. The last earnings update was 20 days ago. More info.


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SSLL.F Share Price and Events
7 Day Returns
0%
OTCPK:SSLL.F
-5.1%
US Semiconductor
0.2%
US Market
1 Year Returns
-
OTCPK:SSLL.F
-8.9%
US Semiconductor
2.9%
US Market
SSLL.F Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Siltronic (SSLL.F) 0% 0% - - - -
US Semiconductor -5.1% -13.7% -0.9% -8.9% 71.8% 91.4%
US Market 0.2% -1.6% 2.4% 2.9% 36.1% 41%
1 Year Return vs Industry and Market
  • No trading data on SSLL.F.
  • No trading data on SSLL.F.
Price Volatility
SSLL.F
Industry
5yr Volatility vs Market

SSLL.F Value

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

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Siltronic to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Siltronic.

OTCPK:SSLL.F Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 7 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 9.4%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for OTCPK:SSLL.F
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Semiconductor Unlevered Beta Simply Wall St/ S&P Global 1.15
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.149 (1 + (1- 30%) (2.24%))
1.112
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.11
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.112 * 5.96%)
9.36%

Discounted Cash Flow Calculation for OTCPK:SSLL.F using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Siltronic is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

OTCPK:SSLL.F DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 9.36%)
2019 27.23 Analyst x3 24.90
2020 170.66 Analyst x5 142.71
2021 294.03 Analyst x3 224.83
2022 284.78 Est @ -3.15% 199.12
2023 280.83 Est @ -1.38% 179.57
2024 280.41 Est @ -0.15% 163.96
2025 282.41 Est @ 0.71% 151.00
2026 286.14 Est @ 1.32% 139.90
2027 291.12 Est @ 1.74% 130.16
2028 297.06 Est @ 2.04% 121.45
Present value of next 10 years cash flows €1,477.59
OTCPK:SSLL.F DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= €297.06 × (1 + 2.73%) ÷ (9.36% – 2.73%)
€4,605.13
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €4,605.13 ÷ (1 + 9.36%)10
€1,882.74
OTCPK:SSLL.F Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €1,477.59 + €1,882.74
€3,360.33
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €3,360.33 / 30.00
€112.01
OTCPK:SSLL.F Discount to Share Price
Calculation Result
Value per share (USD) From above. $163.75
Current discount Discount to share price of $101.05
= -1 x ($101.05 - $163.75) / $163.75
38.3%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Siltronic is available for.
Intrinsic value
38%
Share price is $101.05 vs Future cash flow value of $163.75
Current Discount Checks
For Siltronic to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Siltronic's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Siltronic's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Siltronic's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Siltronic's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OTCPK:SSLL.F PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in EUR €12.50
DB:WAF Share Price ** DB (2019-04-18) in EUR €69.12
United States of America Semiconductor Industry PE Ratio Median Figure of 69 Publicly-Listed Semiconductor Companies 20.23x
United States of America Market PE Ratio Median Figure of 3,085 Publicly-Listed Companies 17.79x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Siltronic.

OTCPK:SSLL.F PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= DB:WAF Share Price ÷ EPS (both in EUR)

= 69.12 ÷ 12.50

5.53x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Siltronic is good value based on earnings compared to the US Semiconductor industry average.
  • Siltronic is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does Siltronic's expected growth come at a high price?
Raw Data
OTCPK:SSLL.F PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 5.53x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 7 Analysts
-2.2%per year
United States of America Semiconductor Industry PEG Ratio Median Figure of 63 Publicly-Listed Semiconductor Companies 0.89x
United States of America Market PEG Ratio Median Figure of 2,123 Publicly-Listed Companies 1.54x

*Line of best fit is calculated by linear regression .

OTCPK:SSLL.F PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 5.53x ÷ -2.2%

-2.47x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Siltronic earnings are not expected to grow next year, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Siltronic's assets?
Raw Data
OTCPK:SSLL.F PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in EUR €31.10
DB:WAF Share Price * DB (2019-04-18) in EUR €69.12
United States of America Semiconductor Industry PB Ratio Median Figure of 107 Publicly-Listed Semiconductor Companies 2.5x
United States of America Market PB Ratio Median Figure of 5,201 Publicly-Listed Companies 1.84x
OTCPK:SSLL.F PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= DB:WAF Share Price ÷ Book Value per Share (both in EUR)

= 69.12 ÷ 31.10

2.22x

* Primary Listing of Siltronic.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Siltronic is good value based on assets compared to the US Semiconductor industry average.
X
Value checks
We assess Siltronic's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Semiconductor industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Semiconductor industry average (and greater than 0)? (1 check)
  5. Siltronic has a total score of 4/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

SSLL.F Future Performance

 How is Siltronic expected to perform in the next 1 to 3 years based on estimates from 7 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
-2.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Siltronic expected to grow at an attractive rate?
  • Siltronic's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Siltronic's earnings are expected to decrease over the next 1-3 years, this is below the United States of America market average.
  • Siltronic's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
OTCPK:SSLL.F Future Growth Rates Data Sources
Data Point Source Value (per year)
OTCPK:SSLL.F Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 7 Analysts -2.2%
OTCPK:SSLL.F Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 7 Analysts 4.4%
United States of America Semiconductor Industry Earnings Growth Rate Market Cap Weighted Average 16.1%
United States of America Semiconductor Industry Revenue Growth Rate Market Cap Weighted Average 7.9%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.7%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.3%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
OTCPK:SSLL.F Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 7 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OTCPK:SSLL.F Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 1,706 1
2022-12-31 1,608 1
2021-12-31 1,443 487 277 5
2020-12-31 1,388 407 289 7
2019-12-31 1,337 359 270 7
OTCPK:SSLL.F Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2019-03-31 1,484 608 375
2018-12-31 1,457 652 373
2018-09-30 1,397 678 347
2018-06-30 1,325 590 305
2018-03-31 1,247 425 247
2017-12-31 1,177 299 185
2017-09-30 1,096 220 130
2017-06-30 1,024 184 71
2017-03-31 971 138 39
2016-12-31 933 116 12
2016-09-30 902 95 -11
2016-06-30 896 79 -20

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Siltronic's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Siltronic's revenue is expected to grow by 4.4% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
OTCPK:SSLL.F Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 7 Analyst Estimates (S&P Global) See Below

All data from Siltronic Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:SSLL.F Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 10.07 11.60 7.18 4.00
2020-12-31 9.63 11.20 7.88 6.00
2019-12-31 8.99 10.18 8.21 7.00
OTCPK:SSLL.F Past Financials Data
Date (Data in EUR Millions) EPS *
2019-03-31 12.50
2018-12-31 12.44
2018-09-30 11.56
2018-06-30 10.14
2018-03-31 8.23
2017-12-31 6.18
2017-09-30 4.24
2017-06-30 2.38
2017-03-31 1.30
2016-12-31 0.40
2016-09-30 -0.41
2016-06-30 -0.70

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Siltronic is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).
X
Future performance checks
We assess Siltronic's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Siltronic has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

SSLL.F Past Performance

  How has Siltronic performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Siltronic's growth in the last year to its industry (Semiconductor).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Siltronic has delivered over 20% year on year earnings growth in the past 5 years.
  • Siltronic's 1-year earnings growth is less than its 5-year average (51.7% vs 85.6%)
  • Siltronic's earnings growth has exceeded the US Semiconductor industry average in the past year (51.7% vs 28.6%).
Earnings and Revenue History
Siltronic's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Siltronic Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:SSLL.F Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 1,483.70 374.90 71.70 68.20
2018-12-31 1,456.70 373.20 71.20 68.10
2018-09-30 1,396.60 346.70 71.60 68.00
2018-06-30 1,324.90 304.60 71.90 68.20
2018-03-31 1,246.70 247.20 71.80 68.00
2017-12-31 1,177.30 185.30 71.10 68.30
2017-09-30 1,095.50 129.80 67.50 66.80
2017-06-30 1,024.40 70.80 65.30 67.30
2017-03-31 970.80 38.90 63.50 67.10
2016-12-31 933.40 12.00 62.70 66.40
2016-09-30 902.40 -11.20 54.10 66.10
2016-06-30 896.00 -20.20 53.90 64.60
2016-03-31 913.20 -27.40 54.20 64.40
2015-12-31 931.30 -14.00 53.40 64.40
2015-09-30 939.30 -1.70 51.10 65.20
2015-06-30 924.70 -6.80 50.00 65.60
2015-03-31 888.30 -12.10 47.50 64.60
2014-12-31 846.00 -16.00 46.40 64.30
2013-12-31 743.00 -109.30 42.60 58.80
2012-12-31 868.00 -90.60 53.40 66.80

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Siltronic made outstanding use of shareholders’ funds last year (Return on Equity greater than 40%).
  • Siltronic used its assets more efficiently than the US Semiconductor industry average last year based on Return on Assets.
  • Siltronic has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Siltronic's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Semiconductor industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Siltronic has a total score of 5/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

SSLL.F Health

 How is Siltronic's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Siltronic's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Siltronic is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Siltronic's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Siltronic's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 24x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Siltronic Company Filings, last reported 1 month ago.

OTCPK:SSLL.F Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 968.30 46.40 755.30
2018-12-31 915.70 0.00 662.00
2018-09-30 841.70 0.00 741.90
2018-06-30 720.10 0.00 608.40
2018-03-31 707.10 0.00 510.10
2017-12-31 637.90 0.00 344.90
2017-09-30 588.30 39.40 351.50
2017-06-30 522.10 39.80 294.50
2017-03-31 475.10 41.60 265.00
2016-12-31 425.30 40.40 218.00
2016-09-30 297.10 40.00 208.20
2016-06-30 323.60 40.40 199.40
2016-03-31 418.20 39.20 200.70
2015-12-31 497.30 38.60 200.40
2015-09-30 501.70 37.50 203.70
2015-06-30 500.90 39.60 205.70
2015-03-31 197.50 181.50 197.60
2014-12-31 311.80 211.90 191.10
2013-12-31 790.20 0.00 12.50
2012-12-31 748.30 0.00 11.50
  • Siltronic's level of debt (4.8%) 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 (7.9% vs 4.8% today).
  • Debt is well covered by operating cash flow (1311.2%, greater than 20% of total debt).
  • Siltronic earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess Siltronic's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Siltronic has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

SSLL.F Dividends

 What is Siltronic's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
7.23%
Current annual income from Siltronic dividends. Estimated to be 5.7% next year.
If you bought $2,000 of Siltronic shares you are expected to receive $145 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Siltronic's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.45%).
  • Siltronic's dividend is above the markets top 25% of dividend payers in United States of America (3.7%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
OTCPK:SSLL.F Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 7 Analyst Estimates (S&P Global) See Below
United States of America Semiconductor Industry Average Dividend Yield Market Cap Weighted Average of 32 Stocks 2.4%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2005 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

OTCPK:SSLL.F Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 4.02 5.00
2020-12-31 3.93 7.00
2019-12-31 3.89 8.00
OTCPK:SSLL.F Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2019-03-05 5.000 6.142
2018-03-06 2.500 2.361
2015-10-30 0.000 0.000
2015-08-03 0.000 0.000

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • It is too early to tell whether Siltronic has stable dividend payments.
  • Siltronic only just started paying a dividend, it is too early to tell if payments are increasing.
Current Payout to shareholders
What portion of Siltronic's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.5x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.4x coverage).
X
Income/ dividend checks
We assess Siltronic's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Siltronic afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Siltronic has a total score of 4/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

SSLL.F Management

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

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Christoph von Plotho
COMPENSATION €1,653,953
AGE 63
TENURE AS CEO 8.6 years
CEO Bio

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 served as the Head of Siltronic at Wacker Chemie AG and served as its Head for Wacker Silicones. He served as Lab Head at WACKER’s N-HTV laboratory since 1984; Director Technique et Chef de Marché, Wacker Chimie S.A., Lyon, France since 1992; Direttore Tecnico, Silmix SpA, Peschiera-Borromeo, Italy since 1995; Vice President of the Elastomers Business Unit, Wacker Silicones Corp., Adrian, MI, USA since 1996; President of the former Materials Division and President & Chief Executive Officer of ESK since 1999; Vice President of the Fluids, Emulsions Business Unit, Wacker Silicones since 2000; President of Wacker Specialties since 2003 and President of Wacker Silicones since 2005. He studied in chemistry from Rheinisch-Westfälische Technische-Hochschule (RWTH) Aachen in 1974.

CEO Compensation
  • Christoph's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Christoph's remuneration is lower than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Siltronic management team in years:

8.5
Average Tenure
54.5
Average Age
  • The average tenure for the Siltronic management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Christoph von Plotho

TITLE
Chairman of Executive Board & CEO
COMPENSATION
€2M
AGE
63
TENURE
8.6 yrs

Rainer Irle

TITLE
CFO, Labor Relations Director & Member of Executive Board
COMPENSATION
€1M
AGE
48
TENURE
6.3 yrs

Andreas Muhe

TITLE
Senior Vice President of Operations
AGE
48
TENURE
8.3 yrs

Rudiger Schmolke

TITLE
Senior Vice President of Technology
AGE
54
TENURE
8.3 yrs

Petra Müller

TITLE
Head of Investor Relations & Communications

Volker Braetsch

TITLE
Senior Vice President of Sales & Marketing
AGE
61
TENURE
9.3 yrs

Bernhard Schmidt

TITLE
Senior Vice President of Engineering
AGE
55
TENURE
15.3 yrs
Board of Directors Tenure

Average tenure and age of the Siltronic board of directors in years:

3.4
Average Tenure
57
Average Age
  • The tenure for the Siltronic board of directors is about average.
Board of Directors

Tobias Ohler

TITLE
Chairman of Supervisory Board
COMPENSATION
€119K
AGE
47
TENURE
3.4 yrs

Johann Hautz

TITLE
Deputy Chairman of Supervisory Board
COMPENSATION
€71K
AGE
56
TENURE
3.3 yrs

Bernd Jonas

TITLE
Member of Supervisory Board
COMPENSATION
€83K
AGE
67
TENURE
4 yrs

Sieglinde Feist

TITLE
Member of Supervisory Board
COMPENSATION
€43K
AGE
55
TENURE
4.4 yrs

Hermann Gerlinger

TITLE
Member of Supervisory Board
COMPENSATION
€63K
AGE
65
TENURE
8.2 yrs

Gertraud Lauber

TITLE
Employee Representative Member of Supervisory Board
COMPENSATION
€43K
AGE
59
TENURE
6.3 yrs

Gebhard Fraunhofer

TITLE
Employee Representative Member of Supervisory Board
COMPENSATION
€61K
AGE
58
TENURE
3.3 yrs

Gabi Rodosek

TITLE
Member of Supervisory Board
COMPENSATION
€31K
AGE
53
TENURE
1.1 yrs

Michael Hankel

TITLE
Member of Supervisory Board
COMPENSATION
€31K
AGE
61
TENURE
1.1 yrs

Mandy Breyer

TITLE
Employee Representatives Member of Supervisory Board
COMPENSATION
€31K
AGE
48
TENURE
1.1 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
X
Management checks
We assess Siltronic's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Siltronic has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

SSLL.F News

Simply Wall St News

SSLL.F Company Info

Description

Siltronic AG, together with its subsidiaries, produces and sells semiconductor silicon wafers with diameters of up to 300 mm worldwide. The company’s products include polished and epitaxial wafers; and special products, such as Ultimate Silicon, PowerFZ, HiREF, and argon-annealed wafers. Its silicon wafers are used in computers, smartphones, flat screens, navigation systems, and other various applications. The company was formerly known as Wacker Siltronic AG and changed its name to Siltronic AG in 2004. Siltronic AG was founded in 1953 and is headquartered in Munich, Germany.

Details
Name: Siltronic AG
SSLL.F
Exchange: OTCPK
Founded: 1953
€2,312,479,090
30,000,000
Website: http://www.siltronic.com
Address: Siltronic AG
Hanns-Seidel-Platz 4,
Munich,
Bavaria, 81737,
Germany
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
DB WAF Ordinary Registered Shares Deutsche Boerse AG DE EUR 11. Jun 2015
OTCPK SSLL.F Ordinary Registered Shares Pink Sheets LLC US USD 11. Jun 2015
XTRA WAF Ordinary Registered Shares XETRA Trading Platform DE EUR 11. Jun 2015
LSE 0R8P Ordinary Registered Shares London Stock Exchange GB EUR 11. Jun 2015
SWX WAF Ordinary Registered Shares SIX Swiss Exchange CH CHF 11. Jun 2015
WBAG WAF Ordinary Registered Shares Wiener Boerse AG AT EUR 11. Jun 2015
Number of employees
Current staff
Staff numbers
4,000
Siltronic employees.
Industry
Semiconductor Equipment
Semiconductors
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/23 06:46
End of day share price update: 2019/04/18 00:00
Last estimates confirmation: 2019/05/15
Last earnings filing: 2019/05/03
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.