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SMA Solar Technology AG
LSE:0NIF

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SMA Solar Technology AG
LSE:0NIF
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Price: 54 EUR 1.27%
Market Cap: €1.9B

P/S

1.2
Current
90%
More Expensive
vs 3-y average of 0.7

Price to Sales (P/S) ratio shows how much investors pay for each dollar of a company`s sales. It`s calculated by dividing the company`s market value by its total revenue.

P/S
1.2
=
Market Cap
€1.7B
/
Revenue
€1.5B

Price to Sales (P/S) ratio shows how much investors pay for each dollar of a company`s sales. It`s calculated by dividing the company`s market value by its total revenue.

P/S
1.2
=
Market Cap
€1.7B
/
Revenue
€1.5B

Valuation Scenarios

SMA Solar Technology AG is trading above its 3-year average

If P/S returns to its 3-Year Average (0.7), the stock would be worth €28.48 (47% downside from current price).

Statistics
Positive Scenarios
1/4
Maximum Downside
-47%
Maximum Upside
+92%
Average Upside
4%
Scenario P/S Value Implied Price Upside/Downside
Current Multiple 1.2 €54
0%
3-Year Average 0.7 €28.48
-47%
5-Year Average 1.1 €47.81
-11%
Industry Average 2.4 €103.65
+92%
Country Average 1.1 €45.69
-15%

Forward P/S
Today’s price vs future revenue

Today's Market Cap Revenue Forward P/S
€1.7B
/
Jan 2026
€1.5B
=
1.2
Current
€1.7B
/
Dec 2026
€1.6B
=
1
Forward
€1.7B
/
Dec 2027
€1.7B
=
1
Forward
€1.7B
/
Dec 2028
€1.7B
=
1
Forward
€1.7B
/
Dec 2029
€1.9B
=
0.9
Forward
€1.7B
/
Dec 2030
€2B
=
0.8
Forward
€1.7B
/
Dec 2031
€2.1B
=
0.8
Forward
€1.7B
/
Dec 2032
€2.2B
=
0.8
Forward
€1.7B
/
Dec 2033
€2.3B
=
0.7
Forward

Forward P/S shows whether today’s P/S still looks high or low once future revenue are taken into account.

Peer Comparison

All Multiples
P/S
P/E
All Countries
Close
Market Cap P/S P/E
DE
SMA Solar Technology AG
LSE:0NIF
1.9B EUR 1.2 -10.4
NL
ASML Holding NV
AEX:ASML
471.1B EUR 14.4 46.1
US
Lam Research Corp
NASDAQ:LRCX
322.5B USD 14.9 48.1
US
Applied Materials Inc
NASDAQ:AMAT
313.1B USD 11.1 39.9
US
KLA Corp
NASDAQ:KLAC
229.5B USD 18 50.4
US
Brooks Automation Inc
LSE:0HQ1
210.4B USD 353.6 -3 636.7
JP
Tokyo Electron Ltd
TSE:8035
21.8T JPY 9.1 43.2
JP
Advantest Corp
TSE:6857
20.2T JPY 19.6 70
CN
NAURA Technology Group Co Ltd
SZSE:002371
389.1B CNY 9.9 70.5
US
Teradyne Inc
NASDAQ:TER
53.6B USD 16.8 96.7
JP
Disco Corp
TSE:6146
7.8T JPY 17.9 57.8
P/E Multiple
Earnings Growth PEG
DE
SMA Solar Technology AG
LSE:0NIF
Average P/E: 58.1
Negative Multiple: -10.4
N/A N/A
NL
ASML Holding NV
AEX:ASML
46.1
20%
2.3
US
Lam Research Corp
NASDAQ:LRCX
48.1
24%
2
US
Applied Materials Inc
NASDAQ:AMAT
39.9
20%
2
US
KLA Corp
NASDAQ:KLAC
50.4
22%
2.3
US
B
Brooks Automation Inc
LSE:0HQ1
Negative Multiple: -3 636.7 N/A N/A
JP
Tokyo Electron Ltd
TSE:8035
43.2
13%
3.3
JP
Advantest Corp
TSE:6857
70
50%
1.4
CN
NAURA Technology Group Co Ltd
SZSE:002371
70.5
N/A N/A
US
Teradyne Inc
NASDAQ:TER
96.7
44%
2.2
JP
Disco Corp
TSE:6146
57.8
N/A N/A

Market Distribution

In line with most companies in Germany
Percentile
55th
Based on 2 778 companies
55th percentile
1.2
Low
0 — 0.6
Typical Range
0.6 — 2.1
High
2.1 —
Distribution Statistics
Germany
Min 0
30th Percentile 0.6
Median 1.1
70th Percentile 2.1
Max 23 633

SMA Solar Technology AG
Glance View

SMA Solar Technology AG engages in the development, production and sale of solar inverters and monitoring systems for solar power systems. The company is headquartered in Niestetal, Hessen and currently employs 3,510 full-time employees. The company went IPO on 2008-06-27. The firm operates through five segments: Residential, Commercial, Utility, Off-Grid and Storage and Service. The Residential segment focuses on small PV systems for private applications with micro and string inverters, energy management solutions, storage systems and communication products and accessories. The Commercial segment provides three-phase string inverters, energy management solutions, medium-voltage technology and other accessories. The Utility segment specializes in large-scale PV power plants with central inverters, and also provides grid services. The Off-Grid and Storage segment offers system technology for the integration of different battery technologies and power classes and collaborates with battery manufacturers and companies in the automotive industry. The Service segment comprises service and maintenance, operational management and the spare parts business.

0NIF Intrinsic Value
34.42 EUR
Overvaluation 36%
Intrinsic Value
Price €54
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