New Risk • Jul 28
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of British stocks, typically moving 11% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (11% average weekly change). High level of non-cash earnings (25% accrual ratio). Minor Risk Profit margins are more than 30% lower than last year (7.6% net profit margin). Valuation Update With 7 Day Price Move • Jul 28
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to €70.25, the stock trades at a forward P/E ratio of 29x. Average forward P/E is 34x in the Semiconductor industry in Europe. Total returns to shareholders of 217% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €102 per share. Buy Or Sell Opportunity • Jul 24
Now 21% undervalued Over the last 90 days, the stock has risen 15% to €80.81. The fair value is estimated to be €103, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 24% over the last 3 years. Earnings per share has grown by 27%. Revenue is forecast to grow by 37% in 2 years. Earnings are forecast to grow by 108% in the next 2 years. Buy Or Sell Opportunity • Jul 07
Now 24% undervalued Over the last 90 days, the stock has risen 34% to €76.70. The fair value is estimated to be €101, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 24% over the last 3 years. Earnings per share has grown by 27%. Revenue is forecast to grow by 37% in 2 years. Earnings are forecast to grow by 108% in the next 2 years. Valuation Update With 7 Day Price Move • Jun 19
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to €113, the stock trades at a forward P/E ratio of 47x. Average forward P/E is 42x in the Semiconductor industry in Europe. Total returns to shareholders of 314% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €90.22 per share. Buy Or Sell Opportunity • Jun 19
Now 25% overvalued after recent price rise Over the last 90 days, the stock has risen 86% to €113. The fair value is estimated to be €90.22, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 24% over the last 3 years. Earnings per share has grown by 27%. Revenue is forecast to grow by 36% in 2 years. Earnings are forecast to grow by 106% in the next 2 years. Buy Or Sell Opportunity • Jun 03
Now 24% overvalued after recent price rise Over the last 90 days, the stock has risen 74% to €99.88. The fair value is estimated to be €80.74, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 24% over the last 3 years. Earnings per share has grown by 27%. Revenue is forecast to grow by 34% in 2 years. Earnings are forecast to grow by 102% in the next 2 years. Upcoming Dividend • May 28
Upcoming dividend of €0.04 per share Eligible shareholders must have bought the stock before 04 June 2026. Payment date: 08 June 2026. Payout ratio is a comfortable 16% but the company is not cash flow positive. Trailing yield: 0.3%. Lower than top quartile of British dividend payers (5.6%). Lower than average of industry peers (0.5%). Reported Earnings • May 11
First quarter 2026 earnings released: EPS: €0.13 (vs €0.78 in 1Q 2025) First quarter 2026 results: EPS: €0.13 (down from €0.78 in 1Q 2025). Revenue: €86.5m (down 30% from 1Q 2025). Net income: €2.46m (down 84% from 1Q 2025). Profit margin: 2.8% (down from 12% in 1Q 2025). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Semiconductor industry in Europe. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has increased by 58% per year, which means it is tracking significantly ahead of earnings growth. New Risk • May 11
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 7.6% Last year net profit margin: 12% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (25% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (8.9% average weekly change). Profit margins are more than 30% lower than last year (7.6% net profit margin). Valuation Update With 7 Day Price Move • May 05
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €79.17, the stock trades at a forward P/E ratio of 42x. Average forward P/E is 35x in the Semiconductor industry in Europe. Total returns to shareholders of 225% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €70.55 per share. Tillkännagivande • Apr 22
SUSS MicroTec SE, Annual General Meeting, Jun 03, 2026 SUSS MicroTec SE, Annual General Meeting, Jun 03, 2026, at 10:00 W. Europe Standard Time. Tillkännagivande • Mar 31
SUSS MicroTec SE announces Annual dividend, payable on June 08, 2026 SUSS MicroTec SE announced Annual dividend of EUR 0.0400 per share payable on June 08, 2026, ex-date on June 04, 2026 and record date on June 05, 2026. Valuation Update With 7 Day Price Move • Mar 30
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to €49.05, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 25x in the Semiconductor industry in Europe. Total returns to shareholders of 113% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €33.24 per share. Valuation Update With 7 Day Price Move • Mar 16
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to €60.55, the stock trades at a forward P/E ratio of 29x. Average forward P/E is 27x in the Semiconductor industry in Europe. Total returns to shareholders of 210% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €33.74 per share. Valuation Update With 7 Day Price Move • Jan 07
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to €46.74, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 25x in the Semiconductor industry in Europe. Total returns to shareholders of 170% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €19.84 per share. Valuation Update With 7 Day Price Move • Dec 08
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €39.25, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 20x in the Semiconductor industry in Europe. Total returns to shareholders of 153% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €20.13 per share. Valuation Update With 7 Day Price Move • Nov 24
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to €31.34, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 22x in the Semiconductor industry in Europe. Total returns to shareholders of 113% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €19.51 per share. Reported Earnings • Nov 07
Third quarter 2025 earnings released: EPS: €0.48 (vs €0.68 in 3Q 2024) Third quarter 2025 results: EPS: €0.48 (down from €0.68 in 3Q 2024). Revenue: €118.0m (up 15% from 3Q 2024). Net income: €9.18m (down 29% from 3Q 2024). Profit margin: 7.8% (down from 13% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to stay flat during the next 3 years compared to a 9.3% growth forecast for the Semiconductor industry in Europe. Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has only increased by 31% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Oct 28
Investor sentiment deteriorates as stock falls 21% After last week's 21% share price decline to €28.48, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 19x in the Semiconductor industry in Europe. Total returns to shareholders of 150% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €28.51 per share. Valuation Update With 7 Day Price Move • Oct 07
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to €34.92, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 21x in the Semiconductor industry in Europe. Total returns to shareholders of 261% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €37.89 per share. Buy Or Sell Opportunity • Sep 26
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 36% to €29.58. The fair value is estimated to be €37.78, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 27% over the last 3 years. Earnings per share has grown by 47%. Revenue is forecast to decline by 7.2% in 2 years. Earnings are forecast to decline by 14% in the next 2 years. Reported Earnings • Aug 08
Second quarter 2025 earnings released: EPS: €0.82 (vs €0.64 in 2Q 2024) Second quarter 2025 results: EPS: €0.82 (up from €0.64 in 2Q 2024). Revenue: €143.2m (up 44% from 2Q 2024). Net income: €15.7m (up 29% from 2Q 2024). Profit margin: 11% (down from 12% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 1.3% p.a. on average during the next 3 years, compared to a 8.4% growth forecast for the Semiconductor industry in Europe. Over the last 3 years on average, earnings per share has increased by 47% per year but the company’s share price has only increased by 25% per year, which means it is significantly lagging earnings growth. New Risk • Aug 07
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 0.03% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 0.03% per year for the foreseeable future. Minor Risk Share price has been volatile over the past 3 months (8.1% average weekly change). Buy Or Sell Opportunity • Jul 29
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 2.8% to €32.38. The fair value is estimated to be €41.30, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 22% over the last 3 years. Earnings per share has grown by 45%. Revenue is forecast to grow by 0.4% in 2 years. Earnings are forecast to decline by 0.7% in the next 2 years. Buy Or Sell Opportunity • Jun 24
Now 24% overvalued after recent price rise Over the last 90 days, the stock has risen 5.9% to €43.92. The fair value is estimated to be €35.48, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 22% over the last 3 years. Earnings per share has grown by 45%. Revenue is forecast to grow by 2.4% in 2 years. Earnings are forecast to grow by 4.2% in the next 2 years. Tillkännagivande • Jun 05
Annual General Meeting Approves Dividend for the 2024 Financial Year SUSS MicroTec SE resolved to distribute a dividend of €0.30 per share for the 2024 financial year, a 50% increase compared to the previous year, which corresponds to a total dividend payout of €5.7 million. Upcoming Dividend • May 28
Upcoming dividend of €0.30 per share Eligible shareholders must have bought the stock before 04 June 2025. Payment date: 06 June 2025. Payout ratio is a comfortable 6.8% and this is well supported by cash flows. Trailing yield: 0.5%. Lower than top quartile of British dividend payers (5.7%). Lower than average of industry peers (1.0%). Tillkännagivande • May 27
Suss MicroTec SE Introduces the XBC300 Gen2 D2W Platform SUSS MicroTec SE introduced the XBC300 Gen2 D2W platform - a customized bonding solution that completes the company's hybrid bonding portfolio. This new platform underscores SUSS' position as an industry leader in providing a fully integrated D2W hybrid bonding solution for demanding manufacturing requirements. The new SUSS process solution enables die-to-wafer (D2W) bonding on 200mm and 300mm substrates and meets the most demanding inter-die spacing requirements. It is an ideal platform to produce high-precision chips due to footprint savings of up to 40% and a post-bond accuracy of < +-200 nm. With the integrated platform, all process steps, in particular surface activation and die positioning, are carried out in a single, fully automated solution. The integration ensures greater cleanliness and improved process control compared to modular competitor solutions. D2W bonding is an advanced semiconductor manufacturing process that precisely dielectrically and metallically bonds individual chips together on wafers to create highly precise, stable and conductive tracks. The new SUSS platform is ideal for 3D IC technologies for efficient processing of multiple die layers on top of each other, for example in high-bandwidth memory (HBM) applications. The XBC300 Gen2 D 2W platform, which is already available for customer demonstrations at the Application Center in Sternenfels, Germany, was developed in close collaboration with SET Corporation SA, a leading specialist in flip-chip bonders. The integration of SET's ultra-precision die bonder into the SUSS platform creates a powerful, fully integrated platform that meets the needs of the industry in research, development and high-volume manufacturing. Valuation Update With 7 Day Price Move • May 15
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €39.72, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 15x in the Semiconductor industry in Europe. Total returns to shareholders of 156% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €37.17 per share. Reported Earnings • May 09
First quarter 2025 earnings released: EPS: €0.78 (vs €0.54 in 1Q 2024) First quarter 2025 results: EPS: €0.78 (up from €0.54 in 1Q 2024). Revenue: €123.2m (up 32% from 1Q 2024). Net income: €15.0m (up 44% from 1Q 2024). Profit margin: 12% (up from 11% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 22% growth forecast for the Semiconductor industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has only increased by 33% per year, which means it is significantly lagging earnings growth. Buy Or Sell Opportunity • May 06
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 22% to €33.78. The fair value is estimated to be €42.47, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 18% over the last 3 years. Earnings per share has grown by 40%. For the next 3 years, revenue is forecast to grow by 5.3% per annum. Earnings are also forecast to grow by 6.7% per annum over the same time period. Tillkännagivande • Apr 19
SÜSS MicroTec SE, Annual General Meeting, Jun 03, 2025 SÜSS MicroTec SE, Annual General Meeting, Jun 03, 2025, at 10:00 W. Europe Standard Time. Valuation Update With 7 Day Price Move • Apr 02
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to €35.25, the stock trades at a forward P/E ratio of 12x. Average trailing P/E is 14x in the Semiconductor industry in Europe. Total returns to shareholders of 131% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €42.58 per share. Reported Earnings • Apr 01
Full year 2024 earnings released: EPS: €2.72 (vs €0.91 in FY 2023) Full year 2024 results: EPS: €2.72 (up from €0.91 in FY 2023). Revenue: €446.1m (up 47% from FY 2023). Net income: €52.1m (up 200% from FY 2023). Profit margin: 12% (up from 5.7% in FY 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.7% p.a. on average during the next 3 years, compared to a 25% growth forecast for the Semiconductor industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has only increased by 28% per year, which means it is significantly lagging earnings growth. Declared Dividend • Mar 31
Dividend increased to €0.30 Dividend of €0.30 is 50% higher than last year. Ex-date: 4th June 2025 Payment date: 6th June 2025 Dividend yield will be 0.9%, which is lower than the industry average of 1.2%. Payout Ratios Payout ratio: 9%. Cash payout ratio: 15%. New Risk • Mar 28
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of British stocks, typically moving 9.6% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (9.6% average weekly change). Earnings are forecast to decline by an average of 5.3% per year for the foreseeable future. Tillkännagivande • Mar 28
SÜSS MicroTec SE announces Annual dividend, payable on June 06, 2025 SÜSS MicroTec SE announced Annual dividend of EUR 0.3000 per share payable on June 06, 2025, ex-date on June 04, 2025 and record date on June 05, 2025. Buy Or Sell Opportunity • Mar 28
Now 29% undervalued after recent price drop Over the last 90 days, the stock has fallen 32% to €33.90. The fair value is estimated to be €47.51, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Earnings per share has grown by 29%. For the next 3 years, revenue is forecast to grow by 7.2% per annum. Earnings are forecast to decline by 5.3% per annum over the same time period. Valuation Update With 7 Day Price Move • Mar 18
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €40.50, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 13x in the Semiconductor industry in Europe. Total returns to shareholders of 137% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €30.27 per share. Buy Or Sell Opportunity • Mar 05
Now 21% overvalued Over the last 90 days, the stock has fallen 28% to €36.70. The fair value is estimated to be €30.25, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Earnings per share has grown by 29%. For the next 3 years, revenue is forecast to grow by 7.6% per annum. Earnings are forecast to decline by 5.5% per annum over the same time period. Buy Or Sell Opportunity • Jan 20
Now 34% overvalued Over the last 90 days, the stock has fallen 12% to €49.66. The fair value is estimated to be €36.95, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Earnings per share has grown by 29%. For the next 3 years, revenue is forecast to grow by 8.1% per annum. Earnings are forecast to decline by 6.6% per annum over the same time period. New Risk • Jan 18
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of British stocks, typically moving 11% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (11% average weekly change). Earnings are forecast to decline by an average of 6.8% per year for the foreseeable future. Valuation Update With 7 Day Price Move • Jan 10
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to €42.25, the stock trades at a forward P/E ratio of 12x. Average trailing P/E is 17x in the Semiconductor industry in Europe. Total returns to shareholders of 117% over the past three years. Tillkännagivande • Jan 03
SÜSS MicroTec SE to Report Fiscal Year 2024 Results on Mar 27, 2025 SÜSS MicroTec SE announced that they will report fiscal year 2024 results on Mar 27, 2025 Reported Earnings • Nov 08
Third quarter 2024 earnings released: EPS: €0.68 (vs €0.019 in 3Q 2023) Third quarter 2024 results: EPS: €0.68 (up from €0.019 in 3Q 2023). Revenue: €102.5m (up 46% from 3Q 2023). Net income: €12.9m (up €12.5m from 3Q 2023). Profit margin: 13% (up from 0.5% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 31% growth forecast for the Semiconductor industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 30% per year whereas the company’s share price has increased by 28% per year. Buy Or Sell Opportunity • Nov 07
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 7.4% to €51.70. The fair value is estimated to be €66.60, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last 3 years. Earnings per share has grown by 21%. For the next 3 years, revenue is forecast to grow by 12% per annum. Earnings are also forecast to grow by 6.9% per annum over the same time period. Valuation Update With 7 Day Price Move • Oct 19
Investor sentiment deteriorates as stock falls 22% After last week's 22% share price decline to €54.26, the stock trades at a forward P/E ratio of 13x. Average trailing P/E is 15x in the Semiconductor industry in Europe. Total returns to shareholders of 157% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €56.74 per share. Buy Or Sell Opportunity • Sep 30
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 10% to €68.71. The fair value is estimated to be €57.18, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last 3 years. Earnings per share has grown by 21%. For the next 3 years, revenue is forecast to grow by 12% per annum. Earnings are also forecast to grow by 5.0% per annum over the same time period. Valuation Update With 7 Day Price Move • Sep 27
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to €67.49, the stock trades at a forward P/E ratio of 17x. Average trailing P/E is 18x in the Semiconductor industry in Europe. Total returns to shareholders of 209% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €57.00 per share. Reported Earnings • Aug 09
Second quarter 2024 earnings released: EPS: €0.64 (vs €0.33 in 2Q 2023) Second quarter 2024 results: EPS: €0.64 (up from €0.33 in 2Q 2023). Revenue: €99.3m (up 45% from 2Q 2023). Net income: €12.1m (up 91% from 2Q 2023). Profit margin: 12% (up from 9.3% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Semiconductor industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has increased by 29% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to €49.20, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 7x in the Semiconductor industry in the United Kingdom. Total returns to shareholders of 98% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €70.42 per share. Buy Or Sell Opportunity • Aug 03
Now 24% undervalued Over the last 90 days, the stock has risen 22% to €54.48. The fair value is estimated to be €71.90, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.7% over the last 3 years. Earnings per share has grown by 17%. Revenue is forecast to grow by 39% in 2 years. Earnings are forecast to grow by 124% in the next 2 years. Valuation Update With 7 Day Price Move • Jul 19
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to €58.14, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 15x in the Semiconductor industry in the United Kingdom. Total returns to shareholders of 120% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €64.88 per share. Valuation Update With 7 Day Price Move • Jun 10
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €62.30, the stock trades at a forward P/E ratio of 16x. Average trailing P/E is 16x in the Semiconductor industry in Europe. Total returns to shareholders of 152% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €58.55 per share. Upcoming Dividend • Jun 05
Upcoming dividend of €0.20 per share Eligible shareholders must have bought the stock before 12 June 2024. Payment date: 14 June 2024. Payout ratio is a comfortable 15% but the company is not cash flow positive. Trailing yield: 0.4%. Lower than top quartile of British dividend payers (5.6%). Lower than average of industry peers (0.8%). Reported Earnings • May 09
First quarter 2024 earnings released: EPS: €0.54 (vs €0.11 in 1Q 2023) First quarter 2024 results: EPS: €0.54 (up from €0.11 in 1Q 2023). Revenue: €93.5m (up 33% from 1Q 2023). Net income: €10.4m (up 394% from 1Q 2023). Profit margin: 11% (up from 3.0% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Semiconductor industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has increased by 27% per year, which means it is tracking significantly ahead of earnings growth. Buy Or Sell Opportunity • Apr 26
Now 20% undervalued Over the last 90 days, the stock has risen 45% to €45.55. The fair value is estimated to be €56.98, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.2% over the last 3 years. Earnings per share has grown by 20%. For the next 3 years, revenue is forecast to grow by 12% per annum. Earnings are also forecast to grow by 17% per annum over the same time period. Reported Earnings • Mar 29
Full year 2023 earnings released: EPS: €0.91 (vs €1.28 in FY 2022) Full year 2023 results: EPS: €0.91 (down from €1.28 in FY 2022). Revenue: €304.3m (up 1.7% from FY 2022). Net income: €17.3m (down 29% from FY 2022). Profit margin: 5.7% (down from 8.2% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Semiconductor industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. New Risk • Mar 11
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of British stocks, typically moving 7.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (37% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (7.6% average weekly change). Valuation Update With 7 Day Price Move • Feb 27
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to €40.95, the stock trades at a forward P/E ratio of 20x. Average trailing P/E is 23x in the Semiconductor industry in Europe. Total returns to shareholders of 79% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €36.62 per share. Valuation Update With 7 Day Price Move • Jan 24
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to €31.50, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 18x in the Semiconductor industry in Europe. Total returns to shareholders of 40% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €33.31 per share. Tillkännagivande • Jan 16
Focuslight (HK) Investment Management Co. Ltd. completed the acquisition of Suss Microoptics S.A. from SÜSS MicroTec SE (XTRA:SMHN). Focuslight (HK) Investment Management Co. Ltd signed an agreement to acquire SUSS MicroOptics SA from SÜSS MicroTec SE (XTRA:SMHN) for €75.5 million on November 8, 2023. The transaction volume includes the acquisition of all shares of SUSS MicroOptics and the redemption of financial debt. Upon completion, SUSS MicroTec group is expected to gain extraordinary income before taxes in a range of around €40 to 45 million. SUSS MicroOptics has a contributed sales in the amount of €39.2 million. The transaction is subject to pending approvals and it is expected to be completed in the first quarter of 2024.
Focuslight (HK) Investment Management Co. Ltd. completed the acquisition of Suss Microoptics S.A. from SÜSS MicroTec SE (XTRA:SMHN) on January 16, 2024. Tillkännagivande • Jan 06
SÜSS MicroTec SE, Annual General Meeting, Jun 11, 2024 SÜSS MicroTec SE, Annual General Meeting, Jun 11, 2024. New Risk • Nov 10
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 33% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (11% average weekly change). High level of non-cash earnings (33% accrual ratio). Reported Earnings • Nov 10
Third quarter 2023 earnings released: €0.06 loss per share (vs €0.19 profit in 3Q 2022) Third quarter 2023 results: €0.06 loss per share (down from €0.19 profit in 3Q 2022). Revenue: €70.0m (flat on 3Q 2022). Net income: €378.0k (down 90% from 3Q 2022). Profit margin: 0.5% (down from 5.1% in 3Q 2022). Revenue is forecast to grow 9.8% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Semiconductor industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Tillkännagivande • Nov 09
Focuslight (HK) Investment Management Co. Ltd signed an agreement to acquire SUSS MicroOptics SA from SÜSS MicroTec SE (XTRA:SMHN) for €75.5 million. Focuslight (HK) Investment Management Co. Ltd signed an agreement to acquire SUSS MicroOptics SA from SÜSS MicroTec SE (XTRA:SMHN) for €75.5 million on October 8, 2023. The transaction volume includes the acquisition of all shares of SUSS MicroOptics and the redemption of financial debt. Upon completion, SUSS MicroTec group is expected to gain extraordinary income before taxes in a range of around €40 to 45 million. SUSS MicroOptics has a contributed sales in the amount of €39.2 million. The transaction is subject to pending approvals and it is expected to be completed in the first quarter of 2024. New Risk • Oct 26
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of British stocks, typically moving 7.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Valuation Update With 7 Day Price Move • Oct 26
Investor sentiment deteriorates as stock falls 29% After last week's 29% share price decline to €15.58, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 13x in the Semiconductor industry in Europe. Total returns to shareholders of 3.4% over the past three years. Valuation Update With 7 Day Price Move • Oct 26
Investor sentiment deteriorates as stock falls 29% After last week's 29% share price decline to €15.58, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 13x in the Semiconductor industry in Europe. Total returns to shareholders of 3.4% over the past three years. Tillkännagivande • Aug 04
SÜSS MicroTec SE Revises Earnings Guidance for the Full Year 2023 SÜSS MicroTec SE revised earnings guidance for the full year 2023. For the year, the company is now assuming that it will achieve Group sales within a range of EUR 320 million to EUR 340 million. Previously, EUR 320 million to EUR 360 million had been anticipated. Reported Earnings • Aug 04
Second quarter 2023 earnings released: EPS: €0.21 (vs €0.11 in 2Q 2022) Second quarter 2023 results: EPS: €0.21 (up from €0.11 in 2Q 2022). Revenue: €74.1m (up 21% from 2Q 2022). Net income: €4.07m (up 86% from 2Q 2022). Profit margin: 5.5% (up from 3.6% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 8.2% p.a. on average during the next 3 years, compared to a 26% growth forecast for the Semiconductor industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 53% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth. New Risk • Jul 28
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of British stocks, typically moving 7.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Upcoming Dividend • May 25
Upcoming dividend of €0.20 per share at 0.9% yield Eligible shareholders must have bought the stock before 01 June 2023. Payment date: 05 June 2023. Payout ratio is a comfortable 15% and this is well supported by cash flows. Trailing yield: 0.9%. Lower than top quartile of British dividend payers (5.8%). Lower than average of industry peers (1.0%). Reported Earnings • May 14
First quarter 2023 earnings released: EPS: €0.11 (vs €0.07 in 1Q 2022) First quarter 2023 results: EPS: €0.11 (up from €0.07 in 1Q 2022). Revenue: €70.4m (up 11% from 1Q 2022). Net income: €2.10m (up 48% from 1Q 2022). Profit margin: 3.0% (up from 2.2% in 1Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 7.9% p.a. on average during the next 3 years, compared to a 24% growth forecast for the Semiconductor industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 72% per year but the company’s share price has only increased by 43% per year, which means it is significantly lagging earnings growth. Reported Earnings • Apr 02
Full year 2022 earnings released: EPS: €1.28 (vs €0.84 in FY 2021) Full year 2022 results: EPS: €1.28 (up from €0.84 in FY 2021). Revenue: €299.1m (up 14% from FY 2021). Net income: €24.5m (up 53% from FY 2021). Profit margin: 8.2% (up from 6.1% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 8.3% p.a. on average during the next 3 years, compared to a 36% growth forecast for the Semiconductor industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 83% per year but the company’s share price has only increased by 51% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Feb 07
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €21.20, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 23x in the Semiconductor industry in Europe. Total returns to shareholders of 107% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €10.03 per share. Valuation Update With 7 Day Price Move • Jan 09
Investor sentiment improved over the past week After last week's 19% share price gain to €17.60, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 23x in the Semiconductor industry in Europe. Total returns to shareholders of 39% over the past three years. Valuation Update With 7 Day Price Move • Nov 10
Investor sentiment improved over the past week After last week's 17% share price gain to €13.62, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 20x in the Semiconductor industry in Europe. Total returns to shareholders of 23% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €14.26 per share. Valuation Update With 7 Day Price Move • Sep 28
Investor sentiment deteriorated over the past week After last week's 17% share price decline to €10.50, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 18x in the Semiconductor industry in Europe. Total returns to shareholders of 37% over the past three years. Reported Earnings • Aug 05
Second quarter 2022 earnings released: EPS: €0.11 (vs €0.22 in 2Q 2021) Second quarter 2022 results: EPS: €0.11 (down from €0.22 in 2Q 2021). Revenue: €61.5m (down 6.6% from 2Q 2021). Net income: €2.19m (down 49% from 2Q 2021). Profit margin: 3.6% (down from 6.5% in 2Q 2021). The decrease in margin was driven by lower revenue. Over the next year, revenue is forecast to grow 11%, compared to a 44% growth forecast for the industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 89% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth. 
