SMA Solar Technology surpasses expectations with full year 2023 earnings

SMA Solar Technology (ETR:S92) reported its full-year 2023 results, showing impressive financial performance. The company saw a significant increase in revenue, reaching €1.90 billion, which was up 79% from the previous year. Net income also saw a substantial increase, reaching €225.7 million, a 304% increase from the previous year. The profit margin also improved, reaching 12% compared to 5.2% in the previous year, largely due to higher revenue. Additionally, earnings per share (EPS) increased to €6.50 from €1.61 in the previous year.

Revenue for SMA Solar Technology exceeded analyst estimates 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.

The performance of the German Semiconductor industry has had an impact on SMA Solar Technology, with the company’s shares experiencing a 1.9% decline over the past week. Despite this, analysis of the company suggests that it may be undervalued based on six different valuation metrics.

Readers are encouraged to provide feedback on the article or reach out to the editorial team if they have any concerns about the content. It is important to note that the article by Simply Wall St is based on historical data and analyst forecasts and is not intended to provide financial advice. The analysis aims to offer a long-term perspective based on fundamental data, and may not include the most recent price-sensitive company announcements or qualitative information. Simply Wall St does not hold any positions in the stocks mentioned.

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