Financials SMA Solar Technology AG

Equities

S92

DE000A0DJ6J9

Semiconductors

Market Closed - Xetra 11:35:05 2024-04-26 am EDT 5-day change 1st Jan Change
50.85 EUR +6.47% Intraday chart for SMA Solar Technology AG +10.64% -16.02%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 1,199 1,941 1,297 2,320 2,101 1,764 - -
Enterprise Value (EV) 1 896.2 1,715 1,096 2,320 2,101 1,492 1,361 1,261
P/E ratio -138 x 69.1 x -56.6 x 41.5 x 9.32 x 11.4 x 11 x 10.5 x
Yield - - - - - 0.26% 0.39% 0.84%
Capitalization / Revenue 1.31 x 1.89 x 1.32 x 2.18 x 1.1 x 0.89 x 0.82 x 0.74 x
EV / Revenue 0.98 x 1.67 x 1.11 x 2.18 x 1.1 x 0.75 x 0.63 x 0.53 x
EV / EBITDA 26.2 x 24 x 126 x 33.1 x 6.76 x 6.03 x 5.14 x 4.21 x
EV / FCF -31.2 x -24.5 x 23.4 x - - 33.2 x 12.9 x 12.1 x
FCF Yield -3.21% -4.09% 4.26% - - 3.02% 7.76% 8.25%
Price to Book 2.88 x 4.42 x 3.16 x - - 2.12 x 1.79 x 1.52 x
Nbr of stocks (in thousands) 34,700 34,700 34,700 34,700 34,700 34,700 - -
Reference price 2 34.56 55.95 37.38 66.85 60.55 50.85 50.85 50.85
Announcement Date 3/26/20 3/25/21 3/31/22 3/30/23 3/27/24 - - -
1EUR in Million2EUR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 915.1 1,027 983.7 1,066 1,904 1,987 2,160 2,370
EBITDA 1 34.2 71.5 8.7 70 311 247.4 264.8 299.3
EBIT 1 -11.77 27.91 -32.97 31.89 269.5 197.2 210 235.5
Operating Margin -1.29% 2.72% -3.35% 2.99% 14.15% 9.92% 9.72% 9.94%
Earnings before Tax (EBT) 1 -10.78 27.23 -33.63 34.86 270.5 190.6 208.7 241.6
Net income 1 -8.626 28.09 -23 55.82 225.7 152 161.5 177.5
Net margin -0.94% 2.74% -2.34% 5.24% 11.85% 7.65% 7.48% 7.49%
EPS 2 -0.2500 0.8100 -0.6600 1.610 6.500 4.444 4.604 4.858
Free Cash Flow 1 -28.77 -70.16 46.74 - - 45.01 105.6 104
FCF margin -3.14% -6.83% 4.75% - - 2.26% 4.89% 4.39%
FCF Conversion (EBITDA) - - 537.3% - - 18.2% 39.88% 34.75%
FCF Conversion (Net income) - - - - - 29.61% 65.38% 58.58%
Dividend per Share 2 - - - - - 0.1333 0.2000 0.4250
Announcement Date 3/26/20 3/25/21 3/31/22 3/30/23 3/27/24 - - -
1EUR in Million2EUR
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 S1 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 S1 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1
Net sales 1 488.3 256.7 238.8 220.6 251.3 252.3 341.9 367 411.7 778.9 558.5 566.7 422.2 483.7 501.1 519.8 516.9
EBITDA 1 33.42 14.8 -44.2 14.8 1.1 34.3 19.8 60 65.3 125.3 107.9 77.8 60.1 58.68 56.56 51.98 59.86
EBIT 1 17.13 3.99 -54.09 5.538 -8.292 24.54 10.1 50 55.66 - 95.52 67.92 38.08 47.44 45.3 40.73 48.41
Operating Margin 3.51% 1.55% -22.66% 2.51% -3.3% 9.73% 2.95% 13.62% 13.52% - 17.1% 11.99% 9.02% 9.81% 9.04% 7.84% 9.36%
Earnings before Tax (EBT) 1 - 3.587 -54.15 4.053 -9.285 23.16 16.92 51.4 55.09 - 96.25 67.78 49.1 47.68 45.56 40.98 48.66
Net income 1 13.29 2.004 -38.29 2.955 -13.56 21.59 44.82 52 51.8 - 76.94 45.25 39.28 38.15 36.44 32.79 38.93
Net margin 2.72% 0.78% -16.04% 1.34% -5.39% 8.56% 13.11% 14.17% 12.58% - 13.78% 7.98% 9.3% 7.89% 7.27% 6.31% 7.53%
EPS 2 - 0.0600 -1.100 0.0900 -0.3900 0.6200 1.290 1.490 1.490 - 2.220 1.300 1.130 1.100 1.050 0.9400 1.120
Dividend per Share - - - - - - - - - - - - - - - - -
Announcement Date 8/12/21 11/10/21 3/31/22 5/11/22 8/11/22 11/10/22 3/30/23 5/11/23 8/10/23 8/10/23 11/9/23 3/27/24 - - - - -
1EUR in Million2EUR
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - - - - - - - -
Net Cash position 1 303 226 201 - - 272 403 504
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow 1 -28.8 -70.2 46.7 - - 45 106 104
ROE (net income / shareholders' equity) -2.05% 6.56% -5.42% - - 18.7% 17.3% 16.3%
ROA (Net income/ Total Assets) - - - - - 8.19% 8.67% 9.63%
Assets 1 - - - - - 1,857 1,863 1,844
Book Value Per Share 2 12.00 12.70 11.80 - - 24.00 28.50 33.50
Cash Flow per Share 2 - -0.9000 - - - 2.090 2.150 2.340
Capex 1 27.6 38.8 47.5 - - 138 108 94.3
Capex / Sales 3.01% 3.78% 4.83% - - 6.93% 5.01% 3.98%
Announcement Date 3/26/20 3/25/21 3/31/22 3/30/23 3/27/24 - - -
1EUR in Million2EUR
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
B
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
6
Last Close Price
50.85 EUR
Average target price
63 EUR
Spread / Average Target
+23.89%
Consensus
  1. Stock Market
  2. Equities
  3. S92 Stock
  4. Financials SMA Solar Technology AG