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SMA Solar Technology AG
XETRA:S92

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SMA Solar Technology AG
XETRA:S92
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Price: 50.25 EUR -2.43% Market Closed
Market Cap: €1.7B

EV/OCF

11.4
Current
6%
More Expensive
vs 3-y average of 10.8

Enterprise Value to Operating Cash Flow (EV/OCF) ratio compares a company`s total enterprise value to its operating cash flow. It shows how much investors are paying for each dollar of the company`s operating cash flow, including both equity and debt.

EV/OCF
11.4
=
Enterprise Value
€1.5B
/
Operating Cash Flow
€143m

Enterprise Value to Operating Cash Flow (EV/OCF) ratio compares a company`s total enterprise value to its operating cash flow. It shows how much investors are paying for each dollar of the company`s operating cash flow, including both equity and debt.

EV/OCF
11.4
=
Enterprise Value
€1.5B
/
Operating Cash Flow
€143m

Valuation Scenarios

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

If EV/OCF returns to its 3-Year Average (10.8), the stock would be worth €47.58 (5% downside from current price).

Statistics
Positive Scenarios
2/4
Maximum Downside
-5%
Maximum Upside
+61%
Average Upside
20%
Scenario EV/OCF Value Implied Price Upside/Downside
Current Multiple 11.4 €50.25
0%
3-Year Average 10.8 €47.58
-5%
5-Year Average 14.7 €65.01
+29%
Industry Average 18.2 €80.66
+61%
Country Average 10.9 €48.14
-4%

Forward EV/OCF
Today’s price vs future operating cash flow

Not enough data available to calculate forward EV/OCF

Peer Comparison

All Multiples
EV/OCF
P/E
All Countries
Close
Market Cap EV/OCF P/E
DE
SMA Solar Technology AG
XETRA:S92
1.8B EUR 11.4 -9.6
NL
ASML Holding NV
AEX:ASML
481.6B EUR 33 45.8
US
Lam Research Corp
NASDAQ:LRCX
334.9B USD 46.5 48.4
US
Applied Materials Inc
NASDAQ:AMAT
331B USD 36.4 40.7
US
KLA Corp
NASDAQ:KLAC
253.8B USD 51.8 54.1
US
Brooks Automation Inc
LSE:0HQ1
224.1B USD 3 585.3 -3 874
JP
Advantest Corp
TSE:6857
22.9T JPY 67.5 79.3
JP
Tokyo Electron Ltd
TSE:8035
21.6T JPY 42.3 42.9
US
Teradyne Inc
NASDAQ:TER
65.3B USD 92.3 112.6
JP
Disco Corp
TSE:6146
8.2T JPY 59.6 60.8
CN
NAURA Technology Group Co Ltd
SZSE:002371
342.5B CNY 159.3 62
P/E Multiple
Earnings Growth PEG
DE
SMA Solar Technology AG
XETRA:S92
Average P/E: 60.7
Negative Multiple: -9.6
N/A N/A
NL
ASML Holding NV
AEX:ASML
45.8
20%
2.3
US
Lam Research Corp
NASDAQ:LRCX
48.4
24%
2
US
Applied Materials Inc
NASDAQ:AMAT
40.7
20%
2
US
KLA Corp
NASDAQ:KLAC
54.1
22%
2.5
US
B
Brooks Automation Inc
LSE:0HQ1
Negative Multiple: -3 874 N/A N/A
JP
Advantest Corp
TSE:6857
79.3
50%
1.6
JP
Tokyo Electron Ltd
TSE:8035
42.9
13%
3.3
US
Teradyne Inc
NASDAQ:TER
112.6
44%
2.6
JP
Disco Corp
TSE:6146
60.8
N/A N/A
CN
NAURA Technology Group Co Ltd
SZSE:002371
62
N/A N/A

Market Distribution

In line with most companies in Germany
Percentile
52nd
Based on 2 369 companies
52nd percentile
11.4
Low
0.2 — 7.5
Typical Range
7.5 — 16.6
High
16.6 —
Distribution Statistics
Germany
Min 0.2
30th Percentile 7.5
Median 10.9
70th Percentile 16.6
Max 2 561.1

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.

S92 Intrinsic Value
34.56 EUR
Overvaluation 31%
Intrinsic Value
Price €50.25
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