SMA Solar Technology (S92) AI Stock Analysis

• Market Cap: €644.38M
• Dividend Yield: 2.69%
• Average Volume (3M): 274.71K
• Price to Earnings (P/E): 5.9
• Beta (1Y): 1.90
• Revenue Growth: -19.65%
• EPS Growth: -152.17%
• Country: DE
• Employees: 3,771
• Sector: Technology
• Sector Strength: 65
• Industry: Solar
• EPS (TTM): 0.16
• Shares Outstanding: 34,700,000
• 10 Day Avg. Volume: 164,658
• 30 Day Avg. Volume: 274,714
• PEG Ratio: -0.19
• Price to Book (P/B): 1.12
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -3.02
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: €18.00
• Price Target Upside: -3.07% Downside
• Rating Consensus: Hold
• Number of Analyst Covering: 3

SMA Solar Technology faces significant challenges, particularly in profitability and cash flow, dragging down its overall score. The stable balance sheet with no debt is a positive factor, but the technical indicators and negative valuation metrics further weigh on the stock's performance. Without recent earnings call or corporate events data to influence the score, the focus remains on addressing operational and cash flow issues for future stability.

Positive Factors

Demand

There are reasons to be excited about, such as strong demand for storage.

Financial Performance

SMA Solar's Q1 print missed on sales though came in ahead of expectations on EBITDA (+83%).

Order Backlog

The product order backlog ended the year at €1.03bn.

Negative Factors

Market Competition

More intense competition and US uncertainty is affecting the outlook negatively.

Order Visibility

The lack of order visibility and heightened volatility in the shares is keeping analysts cautious on SMA.

Revenue Outlook

SMA Solar expected FY25 to be at the lower third of its FY25 revenue guidance due to a deterioration in macro and increased uncertainties caused by volatile tariff policies.

SMA Solar Technology Business Overview & Revenue Model

Company Description

SMA Solar Technology AG is a leading global specialist in photovoltaic system technology, headquartered in Niestetal, Germany. The company operates in the renewable energy sector, focusing on the development, production, and sale of solar inverters, energy management systems, and comprehensive solutions for residential, commercial, and utility-scale solar projects. SMA Solar Technology's core products include string inverters, central inverters, and monitoring systems, all designed to optimize solar power generation and enhance energy efficiency.

How the Company Makes Money

SMA Solar Technology makes money primarily through the sale of its solar inverters and related energy management solutions. The company's revenue model is based on the manufacturing and distribution of both string and central inverters, which are critical components in converting direct current (DC) generated by solar panels into alternating current (AC) for use in electrical grids. SMA also offers a range of energy management systems and services, including monitoring and maintenance services, which contribute to its recurring revenue streams. Significant partnerships with solar project developers and utility companies, as well as ongoing advancements in solar technology, further enhance SMA's market position and financial performance.

SMA Solar Technology Financial Statement Overview

Summary

Income Statement

Balance Sheet

Cash Flow

Breakdown
TTM	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019
Income Statement		Total Revenue
1.63B	1.90B	1.07B	983.67M	1.03B	915.07M
	Gross Profit
414.67M	559.34M	224.27M	175.45M	166.77M	165.77M
	EBIT
92.56M	269.50M	31.89M	-31.61M	27.91M	-11.84M
	EBITDA
144.26M	316.19M	77.72M	9.61M	71.56M	35.24M
	Net Income Common Stockholders
79.97M	225.67M	55.82M	-23.00M	28.09M	-8.63M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
303.42M	266.99M	206.61M	237.48M	238.30M	296.09M
	Total Assets
975.42M	1.62B	1.11B	1.05B	1.05B	1.11B
	Total Debt
42.31M	31.85M	23.66M	46.66M	41.13M	34.51M
	Net Debt
-84.73M	-187.53M	-141.69M	-67.32M	-82.57M	-180.28M
	Total Liabilities
564.24M	935.73M	646.50M	642.09M	612.05M	690.42M
	Stockholders Equity
411.18M	686.18M	463.52M	410.41M	439.15M	416.89M
Cash Flow		Free Cash Flow
-261.13M	56.41M	-33.16M	46.74M	-70.16M	-28.77M
	Operating Cash Flow
-155.51M	140.78M	28.66M	94.26M	-31.38M	-1.18M
	Investing Cash Flow
-44.40M	-85.99M	42.52M	-81.62M	-36.53M	83.05M
	Financing Cash Flow
118.42M	-2.58M	-19.34M	-20.76M	-12.37M	-10.67M

SMA Solar Technology Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 18.57
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For DE:S92, the sentiment is Positive. The current price of 18.57 is above the 20-day moving average (MA) of 15.44, above the 50-day MA of 17.00, and above the 200-day MA of 16.64, indicating a bullish trend. The MACD of 0.57 indicates Negative momentum. The RSI at 70.16 is Negative, neither overbought nor oversold. The STOCH value of 94.82 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for DE:S92.

SMA Solar Technology Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
ENR	73 Outperform	$59.07B	275.26	1.79%	―	17.17%	―
EOAN	70 Outperform	€40.61B	8.96	28.36%	3.42%	-14.48%	775.28%
RWE	68 Neutral	€24.16B	4.70	16.28%	3.07%	-15.16%	254.42%
NDX1	68 Neutral	€4.09B	137.11	3.02%	―	4.58%	―
FRE	62 Neutral	€24.06B	57.61	6.28%	―	-18.90%	―
Sector *	60 Neutral	$10.96B	10.27	-6.73%	2.97%	7.73%	-11.60%
S92	52 Neutral	€644.38M	5.94	-19.00%	2.69%	-19.65%	-152.17%