Financials SMA Solar Technology AG

Equities

S92

DE000A0DJ6J9

Semiconductors

Real-time Estimate Tradegate 05:22:52 2024-07-11 am EDT 5-day change 1st Jan Change
27.49 EUR +1.44% Intraday chart for SMA Solar Technology AG +0.29% -54.62%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 1,199 1,941 1,297 2,320 2,101 940.4 - -
Enterprise Value (EV) 1 896.2 1,715 1,096 2,320 1,866 687.9 598.6 568.2
P/E ratio -138 x 69.1 x -56.6 x 41.5 x 9.32 x 20.2 x 11.1 x 10.1 x
Yield - - - - - 0.12% 0.37% 0.49%
Capitalization / Revenue 1.31 x 1.89 x 1.32 x 2.18 x 1.1 x 0.58 x 0.51 x 0.47 x
EV / Revenue 0.98 x 1.67 x 1.11 x 2.18 x 0.98 x 0.42 x 0.33 x 0.28 x
EV / EBITDA 26.2 x 24 x 126 x 33.1 x 6 x 6.22 x 3.45 x 2.85 x
EV / FCF -31.2 x -24.5 x 23.4 x - 33.1 x -175 x 17.1 x -328 x
FCF Yield -3.21% -4.09% 4.26% - 3.02% -0.57% 5.85% -0.3%
Price to Book 2.88 x 4.42 x 3.16 x - 3.06 x 1.3 x 1.17 x 1.04 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 27.10 27.10 27.10
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 1,635 1,831 2,013
EBITDA 1 34.2 71.5 8.7 70 311 110.6 173.4 199.5
EBIT 1 -11.77 27.91 -32.97 31.89 269.5 59.53 121.9 143.2
Operating Margin -1.29% 2.72% -3.35% 2.99% 14.15% 3.64% 6.66% 7.12%
Earnings before Tax (EBT) 1 -10.78 27.23 -33.63 34.86 270.5 54.02 151.4 178.9
Net income 1 -8.626 28.09 -23 55.82 225.7 46.87 95.66 109.9
Net margin -0.94% 2.74% -2.34% 5.24% 11.85% 2.87% 5.23% 5.46%
EPS 2 -0.2500 0.8100 -0.6600 1.610 6.500 1.342 2.448 2.694
Free Cash Flow 1 -28.77 -70.16 46.74 - 56.41 -3.927 35 -1.731
FCF margin -3.14% -6.83% 4.75% - 2.96% -0.24% 1.91% -0.09%
FCF Conversion (EBITDA) - - 537.3% - 18.14% - 20.18% -
FCF Conversion (Net income) - - - - 25% - 36.59% -
Dividend per Share 2 - - - - - 0.0333 0.1000 0.1333
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 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
Net sales 1 488.3 238.8 220.6 251.3 252.3 341.9 367 411.7 778.9 558.5 566.7 361.8 392.6 449.2 454.6
EBITDA 1 33.42 -44.2 14.8 1.1 34.3 19.8 60 65.3 125.3 107.9 79.8 49.9 21.76 30.79 25.66
EBIT 1 17.13 -54.09 5.538 -8.292 24.54 10.1 50 55.66 - 95.52 67.92 38.24 7.707 19.54 14.41
Operating Margin 3.51% -22.66% 2.51% -3.3% 9.73% 2.95% 13.62% 13.52% - 17.1% 11.99% 10.57% 1.96% 4.35% 3.17%
Earnings before Tax (EBT) - -54.15 4.053 -9.285 23.16 16.92 51.4 55.09 - 96.25 67.78 37.74 - - -
Net income 1 13.29 -38.29 2.955 -13.56 21.59 44.82 52 51.8 - 76.94 45.25 28.45 8.008 15.23 11.12
Net margin 2.72% -16.04% 1.34% -5.39% 8.56% 13.11% 14.17% 12.58% - 13.78% 7.98% 7.87% 2.04% 3.39% 2.45%
EPS 2 - -1.100 0.0900 -0.3900 0.6200 1.290 1.490 1.490 - 2.220 1.300 0.8200 0.2300 0.4400 0.3200
Dividend per Share - - - - - - - - - - - - - - -
Announcement Date 8/12/21 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 5/8/24 - - -
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 - 235 253 342 372
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow 1 -28.8 -70.2 46.7 - 56.4 -3.93 35 -1.73
ROE (net income / shareholders' equity) -2.05% 6.56% -5.42% - 39.3% 5.59% 10.6% 11.5%
ROA (Net income/ Total Assets) - - - - 16.5% 2.91% 7.99% 9.21%
Assets 1 - - - - 1,366 1,612 1,197 1,194
Book Value Per Share 2 12.00 12.70 11.80 - 19.80 20.90 23.20 26.10
Cash Flow per Share 2 - -0.9000 - - 4.060 1.070 2.330 2.750
Capex 1 27.6 38.8 47.5 - 84.4 128 97.8 98.7
Capex / Sales 3.01% 3.78% 4.83% - 4.43% 7.82% 5.34% 4.9%
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
HOLD
Number of Analysts
6
Last Close Price
27.1 EUR
Average target price
33.17 EUR
Spread / Average Target
+22.39%
Consensus
  1. Stock Market
  2. Equities
  3. S92 Stock
  4. Financials SMA Solar Technology AG