SMHN Stock Analysis: SÜSS MicroTec SE | XETRA
Semiconductor Equipment & Materials | XETRA, Germany | Market Cap: 1.513m EUR | 12M Return: 83.1% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 7.01M
EPS Trend: 69.7%
Qual. Beats: 0
Rev. Trend: 92.7%
Qual. Beats: -1
Warnings
No concerns identified
Tailwinds
No distinct edge detected
Seasonality 10.5 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 (XETRA: SMHN) is a German supplier of specialized equipment and process solutions for the semiconductor industry, headquartered in Garching bei München and founded in 1949. The company operates through two main divisions: Advanced Backend Solutions and Photomask Solutions, serving microelectronics, microelectromechanical systems (MEMS), and related applications.
Its product portfolio includes mask aligners, coaters and developers, UV projection scanners, and temporary and permanent bonders used in advanced packaging, MEMS, compound semiconductor, and 3D integration production. SÜSS MicroTec also provides dedicated systems for cleaning and processing photomasks, a critical consumable in semiconductor manufacturing. The company sells its systems across Europe, the Middle East, Africa, North America, and Asia Pacific.
As a vendor in the Semiconductor Materials & Equipment sub-industry, SÜSS MicroTec is positioned in the back-end portion of the semiconductor manufacturing supply chain, supplying tools used after wafer fabrication for assembly, packaging, and mask-related processes rather than for front-end chip production.
- HBM and advanced packaging demand lifts bonder order book
- China semiconductor self-sufficiency boosts mask aligner revenue
- Compound semiconductor capex drives coater and developer sales
| Net Income: 33.6m TTM > 0 and > 6% of Revenue |
| FCF/TA: -0.01 > 0.02 and ΔFCF/TA -9.10 > 1.0 |
| NWC/Revenue: 58.36% < 20% (prev 57.96%; Δ 0.40% < -1%) |
| CFO/TA 0.03 > 3% & CFO 14.1m > Net Income 33.6m |
| Net Debt (-27.6m) to EBITDA (62.3m): -0.44 < 3 |
| Current Ratio: 3.04 > 1.5 & < 3 |
| Outstanding Shares: last quarter (19.1m) vs 12m ago -0.00% < -2% |
| Gross Margin: 35.13% > 18% (prev 39.62%; Δ -4.49% > 0.5%) |
| Asset Turnover: 89.88% > 50% (prev 92.69%; Δ -2.81% > 0%) |
| Interest Coverage Ratio: 21.46 > 6 (EBIT TTM 48.5m / Interest Expense TTM 2.26m) |
| A: 0.52 (Total Current Assets 405.9m - Total Current Liabilities 133.7m) / Total Assets 524.7m |
| B: 0.48 (Retained Earnings 252.8m / Total Assets 524.7m) |
| C: 0.09 (EBIT TTM 48.5m / Avg Total Assets 519.1m) |
| D: 1.55 (Book Value of Equity 318.7m / Total Liabilities 206.0m) |
| Altman-Z'' = 7.23 = AAA |
| DSRI: 1.25 (Receivables 81.4m/66.5m, Revenue 466.5m/475.8m) |
| GMI: 1.13 (GM 39.62% / 35.13%) |
| AQI: 0.97 (AQ_t 0.05 / AQ_t-1 0.05) |
| SGI: 0.98 (Revenue 466.5m / 475.8m) |
| TATA: 0.04 (NI 33.6m - CFO 14.1m) / TA 524.7m) |
| Beneish M = -2.74 (Cap -4..+1) = A |
As of July 28, 2026, the stock is trading at EUR 74.30 with a total of 92,462 shares traded. Over the past week, the price has changed by -3.38%, over one month by -20.75%, over three months by +6.95% and over the past year by +83.08%.
Current recommended Stop Loss: 67.20 (which is 9.6% or 1.2 ATR below the current price).
SÜSS MicroTec SE has no consensus analysts rating.
P/E Trailing = 42.7838
P/E Forward = 25.5754
P/S = 3.2552
P/B = 4.7473
P/EG = 4.201
Revenue TTM = 466.5m EUR
EBIT TTM = 48.5m EUR
EBITDA TTM = 62.3m EUR
Long Term Debt = 2.44m EUR (from longTermDebt, last quarter)
Short Term Debt = 4.45m EUR (from shortTermDebt, last quarter)
Debt = 94.0m EUR (from shortLongTermDebtTotal, last quarter) + Leases 45.1m
Net Debt = -27.6m EUR (calculated: Debt 94.0m - CCE 121.6m)
Enterprise Value = 1.49b EUR (1.51b + Debt 94.0m - CCE 121.6m)
Interest Coverage Ratio = 21.46 (Ebit TTM 48.5m / Interest Expense TTM 2.26m)
EV/FCF = -195.9x (Enterprise Value 1.49b / FCF TTM -7.58m)
FCF Yield = -0.51% (FCF TTM -7.58m / Enterprise Value 1.49b)
FCF Margin = -1.63% (FCF TTM -7.58m / Revenue TTM 466.5m)
Net Margin = 7.20% (Net Income TTM 33.6m / Revenue TTM 466.5m)
Gross Margin = 35.13% ((Revenue TTM 466.5m - Cost of Revenue TTM 302.7m) / Revenue TTM)
Gross Margin QoQ = 36.09% (prev 34.88%)
Tobins Q-Ratio = 2.83 (Enterprise Value 1.49b / Total Assets 524.7m)
Interest Expense / Debt = 2.40% (Interest Expense 2.26m / Debt 94.0m)
Taxrate = 23.36% (11.3m / 48.3m)
NOPAT = 37.1m (EBIT 48.5m * (1 - 23.36%))
Current Ratio = 3.04 (Total Current Assets 405.9m / Total Current Liabilities 133.7m)
Debt / Equity = 0.30 (Debt 94.0m / totalStockholderEquity, last quarter 318.7m)
Debt / EBITDA = -0.44 (Net Debt -27.6m / EBITDA 62.3m)
Debt / FCF = 3.64 (negative FCF - burning cash) (Net Debt -27.6m / FCF TTM -7.58m)
Total Stockholder Equity = 309.0m (last 4 quarters mean from totalStockholderEquity)
RoA = 6.47% (Net Income 33.6m / Total Assets 524.7m)
RoE = 10.88% (Net Income TTM 33.6m / Total Stockholder Equity 309.0m)
RoCE = 15.56% (EBIT 48.5m / Capital Employed (Equity 309.0m + L.T.Debt 2.44m))
RoIC = 9.98% (NOPAT 37.1m / Invested Capital 372.2m)
WACC = 10.62% (E(1.51b)/V(1.61b) * Re(11.17%) + D(94.0m)/V(1.61b) * Rd(2.40%) * (1-Tc(0.23)))
Discount Rate = 11.17% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -17.77 | Cagr: -0.00%
[DCF] Fair Price = unknown (Cash Flow -7.58m)
EPS Correlation: 69.75 | EPS CAGR: 69.69% | SUE: 0.68 | # QB: 0
Revenue Correlation: 92.67 | Revenue CAGR: 23.40% | SUE: -1.65 | # QB: -1
EPS current Quarter (2026-06-30): EPS=0.47 | Chg30d=-16.35% | Revisions=+25% | Analysts=2
EPS next Quarter (2026-09-30): EPS=0.60 | Chg30d=-2.95% | Revisions=+25% | Analysts=2
EPS current Year (2026-12-31): EPS=1.98 | Chg30d=+0.13% | Revisions=+17% | GrowthEPS=-23.4% | GrowthRev=-2.4%
EPS next Year (2027-12-31): EPS=3.56 | Chg30d=+3.82% | Revisions=+29% | GrowthEPS=+79.7% | GrowthRev=+24.5%
[Analyst] Revisions Ratio: +42% (up=7, down=2)