SMA Solar Technology (ETR:S92) has released its full-year 2023 financial results, showing a strong financial performance. The company’s revenue increased by 79% to €1.90 billion from the previous year, while net income grew by 304% to €225.7 million. Additionally, the profit margin improved to 12%, compared to 5.2% in the previous year, due largely to the increase in revenue. Earnings per share (EPS) also increased to €6.50 from €1.61 in the previous year.
Despite analyst estimates, SMA Solar Technology’s revenue exceeded expectations by 2.3%, while EPS surpassed expectations by 3.5%. Looking ahead, the company is forecasted to experience an average annual revenue growth of 8% over the next three years, slightly below the expected growth rate of 8.3% for the Semiconductor industry in Germany.
However, despite these positive financial results and future growth prospects, SMA Solar Technology’s shares experienced a decline of 1.9% over the past week due to factors affecting the German Semiconductor industry.
Nevertheless, analysis suggests that SMA Solar Technology may be undervalued based on six different valuation metrics.
Readers are encouraged to provide feedback on this article or reach out to our editorial team if they have any concerns about its content.
Please note that this article is based on historical data and analyst forecasts and is not intended to provide financial advice. Our analysis aims to offer a long-term perspective based on fundamental data and may not include recent price-sensitive company announcements or qualitative information.
Simply Wall St does not hold any positions in any of the stocks mentioned in this article.
