SMHN Stock Analysis: SÜSS MicroTec SE | XETRA
Semiconductor Equipment & Materials | XETRA, Germany | Market Cap: 1.472m EUR | 12M Return: 89.8% | DE000A1K0235 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 5.16M
EPS Trend: 68.1%
Qual. Beats: 0
Rev. Trend: 83.8%
Qual. Beats: 0
Warnings
Tailwinds
No distinct edge detected
Seasonality 11.7 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
SÜSS MicroTec SE is a German-headquartered supplier of specialized equipment for the semiconductor industry, operating across two main divisions: Advanced Backend Solutions and Photomask Solutions. The companys product portfolio includes mask aligners, coaters and developers, UV projection scanners, and temporary and permanent bonders used in advanced packaging, MEMS, compound semiconductors, and 3D integration applications. It also provides systems for cleaning and processing photomasks. Founded in 1949 and based in Garching bei München, the company serves customers across Europe, the Middle East, Africa, North America, and Asia Pacific.
The company operates in the back-end segment of the semiconductor equipment value chain, which focuses on assembly, packaging, and testing of chips rather than front-end wafer fabrication. Its photomask equipment serves the photolithography process, where masks are used to transfer circuit patterns onto wafers.
- HBM and advanced packaging demand drives temporary bonder order growth
- Photomask Solutions segment benefits from EUV adoption and mask cleaning upgrades
- Semiconductor capex cyclicality in Asia Pacific drives segment revenue volatility
| Net Income: 27.6m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.04 > 0.02 and ΔFCF/TA 8.42 > 1.0 |
| NWC/Revenue: 64.04% < 20% (prev 52.02%; Δ 12.01% < -1%) |
| CFO/TA 0.07 > 3% & CFO 36.2m > Net Income 27.6m |
| Net Debt (-18.3m) to EBITDA (54.4m): -0.34 < 3 |
| Current Ratio: 2.87 > 1.5 & < 3 |
| Outstanding Shares: last quarter (19.1m) vs 12m ago 27.71% < -2% |
| Gross Margin: 35.43% > 18% (prev 38.57%; Δ -3.14% > 0.5%) |
| Asset Turnover: 80.99% > 50% (prev 97.55%; Δ -16.56% > 0%) |
| Interest Coverage Ratio: 13.89 > 6 (EBIT TTM 39.2m / Interest Expense TTM 2.83m) |
| A: 0.51 (Total Current Assets 432.3m - Total Current Liabilities 150.9m) / Total Assets 552.5m |
| B: 0.47 (Retained Earnings 258.3m / Total Assets 552.5m) |
| C: 0.07 (EBIT TTM 39.2m / Avg Total Assets 542.7m) |
| D: 1.44 (Book Value of Equity 326.1m / Total Liabilities 226.4m) |
| Altman-Z'' = 6.86 = AAA |
| DSRI: 1.46 (Receivables 119.6m/96.6m, Revenue 439.5m/519.8m) |
| GMI: 1.09 (GM 38.57% / 35.43%) |
| AQI: 0.99 (AQ_t 0.04 / AQ_t-1 0.05) |
| SGI: 0.85 (Revenue 439.5m / 519.8m) |
| TATA: -0.02 (NI 27.6m - CFO 36.2m) / TA 552.5m) |
| Beneish M = -2.68 (Cap -4..+1) = A |
As of October 08, 2026, the stock is trading at EUR 65.50 with a total of 191,392 shares traded. Over the past week, the price has changed by -10.76%, over one month by -13.99%, over three months by -14.55% and over the past year by +89.82%.
Current recommended Stop Loss: 60.70 (which is 7.3% or 1.3 ATR below the current price).
SÜSS MicroTec SE has no consensus analysts rating.
P/E Trailing = 57.037
P/E Forward = 25.5754
P/S = 3.3505
P/B = 4.2911
P/EG = 4.201
Revenue TTM = 439.5m EUR
EBIT TTM = 39.2m EUR
EBITDA TTM = 54.4m EUR
Long Term Debt = 2.13m EUR (from longTermDebt, last quarter)
Short Term Debt = 4.40m EUR (from shortTermDebt, last quarter)
Debt = 94.0m EUR (from shortLongTermDebtTotal, last quarter) + Leases 45.3m
Net Debt = -18.3m EUR (calculated: Debt 94.0m - CCE 112.3m)
Enterprise Value = 1.45b EUR (1.47b + Debt 94.0m - CCE 112.3m)
Interest Coverage Ratio = 13.89 (Ebit TTM 39.2m / Interest Expense TTM 2.83m)
EV/FCF = 65.96x (Enterprise Value 1.45b / FCF TTM 22.0m)
FCF Yield = 1.52% (FCF TTM 22.0m / Enterprise Value 1.45b)
FCF Margin = 5.01% (FCF TTM 22.0m / Revenue TTM 439.5m)
Net Margin = 6.28% (Net Income TTM 27.6m / Revenue TTM 439.5m)
Gross Margin = 35.43% ((Revenue TTM 439.5m - Cost of Revenue TTM 283.8m) / Revenue TTM)
Gross Margin QoQ = 37.96% (prev 36.09%)
Tobins Q-Ratio = 2.63 (Enterprise Value 1.45b / Total Assets 552.5m)
Interest Expense / Debt = 3.01% (Interest Expense 2.83m / Debt 94.0m)
Taxrate = 24.32% (8.88m / 36.5m)
NOPAT = 29.7m (EBIT 39.2m * (1 - 24.32%))
Current Ratio = 2.87 (Total Current Assets 432.3m / Total Current Liabilities 150.9m)
Debt / Equity = 0.29 (Debt 94.0m / totalStockholderEquity, last quarter 326.1m)
Debt / EBITDA = -0.34 (Net Debt -18.3m / EBITDA 54.4m)
Debt / FCF = -0.83 (Net Debt -18.3m / FCF TTM 22.0m)
Total Stockholder Equity = 316.1m (last 4 quarters mean from totalStockholderEquity)
RoA = 5.09% (Net Income 27.6m / Total Assets 552.5m)
RoE = 8.73% (Net Income TTM 27.6m / Total Stockholder Equity 316.1m)
RoCE = 12.33% (EBIT 39.2m / Capital Employed (Equity 316.1m + L.T.Debt 2.13m))
RoIC = 7.73% (NOPAT 29.7m / Invested Capital 384.0m)
WACC = 11.12% (E(1.47b)/V(1.57b) * Re(11.68%) + D(94.0m)/V(1.57b) * Rd(3.01%) * (1-Tc(0.24)))
Discount Rate = 11.68% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -6.30 | Cagr: -0.00%
[DCF] Terminal Value 66.39% ; FCFF base≈22.0m ; Y1≈22.1m ; Y5≈23.4m
[DCF] Fair Price = 13.93 (EV 248.0m - Net Debt -18.3m = Equity 266.3m / Shares 19.1m; r=11.12% [WACC]; 5y FCF grow 0.0% → 2.50% )
EPS Correlation: 68.09 | EPS CAGR: 67.39% | SUE: -0.66 | # QB: 0
Revenue Correlation: 83.78 | Revenue CAGR: 19.25% | SUE: -0.53 | # QB: 0
EPS current Quarter (2026-09-30): EPS=0.62 | Chg30d=-7.07% | Revisions=+25% | Analysts=2
EPS current Year (2026-12-31): EPS=1.76 | Chg30d=-0.49% | Revisions=-67% | GrowthEPS=-32.1% | GrowthRev=-6.1%
EPS next Year (2027-12-31): EPS=3.89 | Chg30d=+0.61% | Revisions=+44% | GrowthEPS=+121.5% | GrowthRev=+35.2%
[Analyst] Revisions Ratio: -6% (up=6, down=7)