SMA Solar Technology (ETR:S92) has just released its full-year 2023 financial results, which have shown a strong financial performance. The company’s revenue increased by 79% to €1.90 billion from the previous year, while net income also saw a significant increase of €225.7 million, up 304% from the previous year. This was largely due to higher revenue, which improved the profit margin to 12%, compared to 5.2% in the previous year. Additionally, earnings per share (EPS) increased to €6.50 from €1.61 in the previous year.
Despite analyst expectations, revenue for SMA Solar Technology exceeded expectations by 2.3%, while EPS also surpassed expectations by 3.5%. Looking ahead, the company is forecasted to experience an average annual revenue growth of 8.0% over the next three years, slightly below the expected growth rate of 8.3% for the Semiconductor industry in Germany as a whole.
However, despite this slight discrepancy between SMA Solar Technology’s projected growth and industry trends, analysis suggests that the company may be undervalued based on six different valuation metrics. Despite this news, SMA Solar Technology’s shares have experienced a decline of 1.9% over the past week due to external factors affecting the German Semiconductor industry as a whole.
It is important for readers to note that Simply Wall St’s analysis is based on historical data and analyst forecasts and should not be taken as financial advice or investment recommendations. The analysis aims to provide a long-term perspective based on fundamental data and may not include recent price-sensitive company announcements or qualitative information.
Readers are encouraged to provide feedback on this article or reach out to our editorial team if they have any concerns about its content.
In conclusion, SMA Solar Technology has delivered impressive financial results for full-year 2023 with significant increases in both revenue and net income reaching €1