Financials Siltronic AG

Equities

WAF

DE000WAF3001

Semiconductors

Market Closed - Xetra 11:36:36 2024-05-23 am EDT 5-day change 1st Jan Change
75.85 EUR +0.33% Intraday chart for Siltronic AG +1.95% -14.25%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 2,692 3,843 4,244 2,044 2,654 2,276 - -
Enterprise Value (EV) 1 2,200 3,424 3,790 2,326 2,982 3,003 3,082 3,036
P/E ratio 11.9 x 23.9 x 16.8 x 5.23 x 14.4 x 1,194 x 34.3 x 20.5 x
Yield 3.34% 1.56% 2.12% 4.4% 3.39% 1.12% 1.24% 1.94%
Capitalization / Revenue 2.12 x 3.18 x 3.02 x 1.13 x 1.75 x 1.65 x 1.37 x 1.23 x
EV / Revenue 1.73 x 2.84 x 2.7 x 1.29 x 1.97 x 2.18 x 1.86 x 1.63 x
EV / EBITDA 5.38 x 10.3 x 8.13 x 3.46 x 6.87 x 9.44 x 6.04 x 4.77 x
EV / FCF 60.4 x 107 x 35 x -19.7 x -4.78 x -8.81 x 78.9 x 16.4 x
FCF Yield 1.65% 0.93% 2.86% -5.07% -20.9% -11.4% 1.27% 6.08%
Price to Book 3.11 x 4.89 x 3.57 x 1.08 x 1.39 x 1.31 x 1.21 x 1.2 x
Nbr of stocks (in thousands) 30,000 30,000 30,000 30,000 30,000 30,000 - -
Reference price 2 89.72 128.1 141.4 68.15 88.45 75.85 75.85 75.85
Announcement Date 3/9/20 3/9/21 3/9/22 3/9/23 3/12/24 - - -
1EUR in Million2EUR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 1,270 1,207 1,405 1,805 1,514 1,378 1,660 1,857
EBITDA 1 408.7 332 466.4 671.6 433.9 318.1 510.4 636.3
EBIT 1 298.3 192.2 316.9 495.6 231.3 37.23 100.6 174.5
Operating Margin 23.48% 15.92% 22.55% 27.45% 15.28% 2.7% 6.06% 9.4%
Earnings before Tax (EBT) 1 302.7 189.2 318.3 487.1 230.8 11.33 84.74 146.4
Net income 1 225.6 160.8 253.3 390.6 184.4 1.88 66.39 118.9
Net margin 17.76% 13.32% 18.02% 21.64% 12.18% 0.14% 4% 6.4%
EPS 2 7.520 5.360 8.440 13.02 6.150 0.0636 2.213 3.702
Free Cash Flow 1 36.4 32 108.4 -118 -624.2 -340.8 39.07 184.6
FCF margin 2.87% 2.65% 7.71% -6.54% -41.23% -24.73% 2.35% 9.94%
FCF Conversion (EBITDA) 8.91% 9.64% 23.24% - - - 7.65% 29.02%
FCF Conversion (Net income) 16.13% 19.9% 42.8% - - - 58.85% 155.25%
Dividend per Share 2 3.000 2.000 3.000 3.000 3.000 0.8500 0.9400 1.468
Announcement Date 3/9/20 3/9/21 3/9/22 3/9/23 3/12/24 - - -
1EUR in Million2EUR
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1
Net sales 1 371.6 376.6 417 442.2 474 472.1 404.4 403.7 349.1 356.6 343.5 330.2 334.4 345.5 375.2
EBITDA 1 122.9 143.7 186 147 170.5 168.1 125.2 118.6 99.1 91.1 90.8 69.31 70.2 73.58 98.42
EBIT 1 83.9 109.2 143.7 102.8 124.3 124.8 77.8 70.3 46.4 36.8 36 -7.541 -9.378 -19.01 0.2084
Operating Margin 22.58% 29% 34.46% 23.25% 26.22% 26.44% 19.24% 17.41% 13.29% 10.32% 10.48% -2.28% -2.8% -5.5% 0.06%
Earnings before Tax (EBT) 1 83.9 108.6 139.3 99.7 124.5 123.6 81.9 69.6 44.7 34.6 32.9 -28.61 -36.11 -34.57 -5.292
Net income 1 73.6 83.8 104.2 79.9 99.7 106.8 66.1 54.9 33.1 30.3 25.7 -16.71 -20.14 -21.93 -3.834
Net margin 19.81% 22.25% 24.99% 18.07% 21.03% 22.62% 16.35% 13.6% 9.48% 8.5% 7.48% -5.06% -6.02% -6.35% -1.02%
EPS 2 2.150 2.790 3.470 2.660 3.320 3.560 2.200 1.830 1.100 1.010 0.8600 -0.5576 -0.6718 -0.7316 -0.1278
Dividend per Share 2 - - - - - - - - - - - 1.200 - - -
Announcement Date 10/26/21 3/9/22 5/10/22 7/29/22 10/28/22 3/9/23 5/11/23 7/27/23 10/26/23 3/12/24 5/2/24 - - - -
1EUR in Million2EUR
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - - - 282 328 727 807 760
Net Cash position 1 492 419 453 - - - - -
Leverage (Debt/EBITDA) - - - 0.4196 x 0.7564 x 2.286 x 1.581 x 1.194 x
Free Cash Flow 1 36.4 32 108 -118 -624 -341 39.1 185
ROE (net income / shareholders' equity) 25.8% 19.5% 25.6% 25.4% 9.73% -0.23% 2.42% 6.02%
ROA (Net income/ Total Assets) 12% 8.32% 11.6% 12% 4.31% 0.69% -1.26% -1.88%
Assets 1 1,882 1,932 2,187 3,253 4,278 271.7 -5,263 -6,324
Book Value Per Share 2 28.80 26.20 39.70 62.80 63.50 58.10 62.70 63.00
Cash Flow per Share 2 12.80 7.890 16.70 26.80 16.30 6.830 14.80 11.90
Capex 1 349 205 393 923 1,316 536 384 394
Capex / Sales 27.46% 16.96% 27.94% 51.1% 86.93% 38.88% 23.11% 21.2%
Announcement Date 3/9/20 3/9/21 3/9/22 3/9/23 3/12/24 - - -
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
11
Last Close Price
75.85 EUR
Average target price
89.55 EUR
Spread / Average Target
+18.06%
Consensus
  1. Stock Market
  2. Equities
  3. WAF Stock
  4. Financials Siltronic AG