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Updated 3m ago
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SUSS MicroTec SEXTRA:SMHN Stock Report

Market Cap €1.3b
Updated 3m ago
Share Price
n/a
1Y121.7%
7D5.3%
1D0.4%
Portfolio Value
​
View

SUSS MicroTec SE

XTRA:SMHN Stock Report

Market Cap: €1.3b

  • Company Overview
    • Valuation
    • Future Growth
    • Past Performance
    • Financial Health
    • Dividend
  • Management
  • Ownership
  • Other Information
  • Stock Community

SUSS MicroTec (SMHN) Stock Overview

Develops, manufactures, markets, and maintains systems to produce microelectronics, microelectromechanical systems, and related applications. More details

SMHN fundamental analysis
Snowflake Score
Valuation5/6
Future Growth4/6
Past Performance2/6
Financial Health6/6
Dividends0/6

Rewards

Trading at 23.5% below our estimate of its fair value

Earnings are forecast to grow 50.07% per year

Analysts in good agreement that stock price will rise by 61.6%

Risk Analysis

Profit margins (5.8%) are lower than last year (11.9%)

Volatile share price over the past 3 months compared to the German market


SMHN Community Fair Values

Create Narrative

See what 29 others think this stock is worth. Follow their fair value or set your own to get alerts.

Analyst Price Targets

AN
AnalystConsensusTarget
34.5% undervalued intrinsic discount
AnalystConsensusTarget
•2mo ago

SMHN: Recent Price Weakness Will Create Long-Term Opportunity Despite Margin Pressures

194
0
21
AN
AnalystHighTarget
45.6% undervalued intrinsic discount
AnalystHighTarget
•2mo ago

Global Digitalization Will Drive Advanced Packaging And Wafer Bonding

46
0
0
AN
AnalystLowTarget
26.8% undervalued intrinsic discount
AnalystLowTarget
•2mo ago

Falling China Orders Will Pressure Margins But Enable Recovery

56
0
1

Top Analyst Narratives

AN
AnalystConsensusTarget
34.5% undervalued intrinsic discount
AnalystConsensusTarget
•2mo ago

SMHN: Recent Price Weakness Will Create Long-Term Opportunity Despite Margin Pressures

194
0
21
AN
AnalystHighTarget
45.6% undervalued intrinsic discount
AnalystHighTarget
•2mo ago

Global Digitalization Will Drive Advanced Packaging And Wafer Bonding

46
0
0
AN
AnalystLowTarget
26.8% undervalued intrinsic discount
AnalystLowTarget
•2mo ago

Falling China Orders Will Pressure Margins But Enable Recovery

56
0
1
View all narratives

SUSS MicroTec SE Competitors

AIXTRON

Symbol: XTRA:AIXA
Market cap: €3.9b

centrotherm international

Symbol: DB:CTNK
Market cap: €193.6m

Elmos Semiconductor

Symbol: XTRA:ELG
Market cap: €2.4b

Gudeng Precision Industrial

Symbol: TPEX:3680
Market cap: NT$51.2b

Price History & Performance

Summary of share price highs, lows and changes for SUSS MicroTec
Historical stock prices
Current Share Price€68.05
52 Week High€118.40
52 Week Low€25.80
Beta2.27
1 Month Change-7.35%
3 Month Change-29.45%
1 Year Change121.66%
3 Year Change231.95%
5 Year Change194.59%
Change since IPO608.12%

Recent News & Updates

Recent updates

User avatar
Narrative Update • Jul 22

SMHN: MDAX Inclusion And Raised Earnings Outlook May Re Rate Shares

The analyst price target for SUSS MicroTec has been raised from €109 to €125. Analysts point to updated assumptions on revenue growth, profit margins and future P/E.
User avatar
Narrative Update • Jul 08

SMHN: Future Earnings Conviction Will Support Rich Pricing Despite Execution Risks

Analysts have lifted their fair value estimate for SUSS MicroTec from €39.92 to €93.00. This reflects updated assumptions on revenue growth, profitability and future P/E after recent research, including mixed rating moves and a wider price target range from €80 to €125.
User avatar
Narrative Update • Jun 24

SMHN: Diverging Rating Moves And Updated Assumptions Will Shape Future Returns

The analyst price target for SUSS MicroTec is updated from €97.94 to €103.94, reflecting adjustments to growth and margin assumptions as analysts weigh a higher €125 target from Berenberg against a more cautious €80 level from DZ Bank and other recent research moves. Analyst Commentary Recent research on SUSS MicroTec highlights a split view, with some analysts pointing to further potential upside after recent Q1 trends and others flagging valuation risk and execution hurdles around current levels.
User avatar
Narrative Update • Jun 10

SMHN: MDAX Inclusion And Ambition 2030 Plan May Re Rate Shares

The analyst fair value estimate for SUSS MicroTec has shifted from €83.83 to €109.00, with analysts pointing to updated assumptions for revenue growth, profit margins and a higher discount rate, alongside recent price target increases and rating changes across the Street. Analyst Commentary Recent research has highlighted a split in opinion on SUSS MicroTec, but the fair value increase to €109.00 aligns more closely with those viewing the stock through a constructive lens.
User avatar
Narrative Update • May 27

SMHN: Mixed Rating Shifts And Higher P/E Assumptions Will Shape Future Returns

The analyst price target for SUSS MicroTec has been raised from about €61.38 to about €97.94, as analysts adjust their assumptions on growth, profitability and future P/E in light of recent research that includes both upgrades and downgrades on the stock. Analyst Commentary Recent research on SUSS MicroTec shows a split view among analysts, with some turning more optimistic and others taking a more cautious stance.
User avatar
Narrative Update • May 04

SMHN: Higher Fair Value Assumptions Balance 2026 Margin And Sales Headwinds

SUSS MicroTec’s analyst price target has been revised higher from about €60 to around €84, with analysts pointing to updated fair value assumptions, revenue growth expectations, profit margin forecasts and a slightly higher future P/E as key drivers of the change. Analyst Commentary Recent research updates on SUSS MicroTec have highlighted a more constructive stance from bullish analysts, with price targets moving higher and commentary centering on the company’s potential to support stronger valuation levels through execution on growth plans and profitability goals.
User avatar
Narrative Update • Apr 19

SMHN: Higher Multiple Assumptions And AI Exposure Will Shape Balanced Future Prospects

Analysts have lifted their price target on SUSS MicroTec by €4 to €61.38, reflecting updated assumptions on fair value, revenue expectations and future P/E multiples. Analyst Commentary Analysts lifting the price target to €61.38 signals a reassessment of what they see as fair value for SUSS MicroTec, with updated assumptions around revenue potential and the P/E multiple they are prepared to use.
Analysis Article • Apr 06

Weak Statutory Earnings May Not Tell The Whole Story For SUSS MicroTec (ETR:SMHN)

SUSS MicroTec SE's ( ETR:SMHN ) recent weak earnings report didn't cause a big stock movement. However, we believe that...
User avatar
Narrative Update • Apr 05

SMHN: Rich Pricing Will Persist As Execution Risks Threaten Optimistic Assumptions

Analysts have increased their price target on SUSS MicroTec by €4 to reflect updated views on fair value, discount rates, and long-term assumptions for revenue growth, profit margins, and future P/E levels. Analyst Commentary Recent research has focused on how updated assumptions for growth, margins, and P/E levels feed into fair value estimates for SUSS MicroTec.
User avatar
Narrative Update • Mar 22

SMHN: Rich Pricing Will Persist As Modest Assumption Tweaks Signal Continued Froth

Analysts have nudged their price target for SUSS MicroTec slightly higher to around €40.41, reflecting updated assumptions around fair value, discount rate, revenue growth, profit margin, and future P/E expectations. Valuation Changes Fair Value: updated slightly higher from €40.23 to €40.41.
User avatar
Narrative Update • Mar 07

SMHN: Rich Pricing Will Persist Despite Only Marginal Fundamental Adjustments

Analysts have kept their price target for SUSS MicroTec steady at about €40.23, citing largely unchanged fair value estimates, along with only modest tweaks to the discount rate, revenue growth assumptions, expected profit margins, and P/E levels. Valuation Changes Fair Value: Held steady at about €40.23, with no change in the underlying estimate.
User avatar
Narrative Update • Feb 21

SMHN: AI Hopes Will Face Rich Pricing And Execution Risk

Analysts have kept their price target for SUSS MicroTec broadly unchanged at about €40.23, with only small tweaks to assumptions such as discount rate, revenue growth, profit margin and future P/E feeding into the updated view. Valuation Changes Fair Value: The modelled fair value remains essentially unchanged at about €40.23 per share.
User avatar
Narrative Update • Feb 07

SMHN: AI Hopes Will Test Order Inflection And Execution Risk

The analyst price target for SUSS MicroTec has shifted from about €37 to roughly €40. Analysts cite an improved artificial intelligence outlook, expectations for an order inflection, and what they view as a still low valuation as key drivers of the change.
User avatar
Narrative Update • Jan 23

SMHN: AI Exposure Will Face Execution Risk Despite Raised Long Term Ambitions

The analyst fair value estimate for SUSS MicroTec has moved from €30.00 to €37.00, as analysts factor in improved artificial intelligence exposure, expectations for an order inflection, order weakness being reflected in existing estimates, and a mix of higher and lower recent Street price targets. Analyst Commentary Recent Street research on SUSS MicroTec shows a wide spread in opinion, with several firms lifting ratings and targets while others have turned more cautious.
Analysis Article • Jan 16

What SUSS MicroTec SE's (ETR:SMHN) 32% Share Price Gain Is Not Telling You

SUSS MicroTec SE ( ETR:SMHN ) shares have continued their recent momentum with a 32% gain in the last month alone...
User avatar
Narrative Update • Jan 09

SMHN: AI Exposure And Order Inflection Will Shape Balanced Future Prospects

Our analyst price target for SUSS MicroTec is maintained, but the narrative tilts slightly more constructive as analysts highlight higher Street price targets in the €36 to €42 range, supported by improving artificial intelligence exposure, expectations for an order inflection and what they see as an undemanding valuation, even as one house turns more cautious with a €22 target. Analyst Commentary Recent Street research on SUSS MicroTec shows a mix of optimism and caution, with several upgrades and higher price targets set against one clear downgrade and a reduced target from another house.
Analysis Article • Jan 03

Should You Investigate SUSS MicroTec SE (ETR:SMHN) At €40.84?

While SUSS MicroTec SE ( ETR:SMHN ) might not have the largest market cap around , it received a lot of attention from...
User avatar
Narrative Update • Dec 25

SMHN: AI Demand And Order Inflection Will Drive Future Upside Potential

Analysts have modestly raised their price target for SUSS MicroTec, reflecting improved conviction that artificial intelligence driven demand, an impending orders inflection, and a still attractive valuation together support potential upside from current levels. Analyst Commentary Street research has turned more constructive overall on SUSS MicroTec, with a series of recent upgrades and higher price targets framing a more positive skew in sentiment, even as some voices highlight execution and cycle risk.
User avatar
Narrative Update • Dec 11

SMHN: Improving AI Demand Will Drive Future Upside Potential

The analyst price target for SUSS MicroTec has been revised higher to EUR 39 from EUR 30, as analysts highlight an improving artificial intelligence outlook, a prospective order inflection, and a still-attractive valuation despite some recent target cuts. Analyst Commentary Recent rating and target changes show a broadly constructive shift in sentiment on SUSS MicroTec, with several upgrades to Buy and higher target prices, even as some houses trim expectations or turn more cautious.
Analysis Article • Nov 29

Improved Earnings Required Before SUSS MicroTec SE (ETR:SMHN) Stock's 27% Jump Looks Justified

Despite an already strong run, SUSS MicroTec SE ( ETR:SMHN ) shares have been powering on, with a gain of 27% in the...
User avatar
Narrative Update • Nov 27

SMHN: Future AI Prospects Will Drive Renewed Momentum

The analyst price target for SUSS MicroTec has been raised significantly from €42.41 to €47.16. Analysts cite improving artificial intelligence prospects and emerging near-term catalysts as key drivers for the upgrade.
User avatar
Narrative Update • Oct 31

SMHN: Recent Price Weakness Will Create Long-Term Opportunity Despite Margin Pressures

The analyst price target for SUSS MicroTec has been reduced from €44.91 to €42.41 as analysts adjust expectations in response to lowered projections for revenue growth and profit margins. Analyst Commentary Recent analyst actions have highlighted a shift in sentiment for SUSS MicroTec, reflecting both optimistic and cautious perspectives on the company's outlook, valuation, and operational performance.
Analysis Article • Oct 04

SUSS MicroTec SE's (ETR:SMHN) Shares Bounce 38% But Its Business Still Trails The Market

Those holding SUSS MicroTec SE ( ETR:SMHN ) shares would be relieved that the share price has rebounded 38% in the last...
Analysis Article • Oct 03

At €32.96, Is It Time To Put SUSS MicroTec SE (ETR:SMHN) On Your Watch List?

SUSS MicroTec SE ( ETR:SMHN ), might not be a large cap stock, but it saw a significant share price rise of 37% in the...
Analysis Article • Sep 19

Does SUSS MicroTec (ETR:SMHN) Deserve A Spot On Your Watchlist?

It's common for many investors, especially those who are inexperienced, to buy shares in companies with a good story...
Analysis Article • Sep 03

Are Investors Undervaluing SUSS MicroTec SE (ETR:SMHN) By 37%?

Key Insights Using the 2 Stage Free Cash Flow to Equity, SUSS MicroTec fair value estimate is €38.08 SUSS MicroTec's...
Analysis Article • Aug 15

Additional Considerations Required While Assessing SUSS MicroTec's (ETR:SMHN) Strong Earnings

Last week's profit announcement from SUSS MicroTec SE ( ETR:SMHN ) was underwhelming for investors, despite headline...
Analysis Article • Aug 13

SUSS MicroTec (ETR:SMHN) Has A Pretty Healthy Balance Sheet

David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
User avatar
Narrative Update • Aug 07

Advanced Tools And Taiwan Expansion Will Create Opportunities And Risks

The reduction in SUSS MicroTec's analyst price target primarily reflects lower expectations for both revenue growth and net profit margin, resulting in a revised fair value of €47.04. What's in the News Dividend of €0.30 per share approved for 2024, a 50% increase year-over-year, totaling €5.7 million payout.
Analysis Article • Jul 30

Lacklustre Performance Is Driving SUSS MicroTec SE's (ETR:SMHN) 30% Price Drop

SUSS MicroTec SE ( ETR:SMHN ) shareholders won't be pleased to see that the share price has had a very rough month...
Analysis Article • Jun 10

Is Now The Time To Look At Buying SUSS MicroTec SE (ETR:SMHN)?

While SUSS MicroTec SE ( ETR:SMHN ) might not have the largest market cap around , it led the XTRA gainers with a...
Analysis Article • May 10

SUSS MicroTec SE's (ETR:SMHN) Share Price Boosted 33% But Its Business Prospects Need A Lift Too

SUSS MicroTec SE ( ETR:SMHN ) shareholders are no doubt pleased to see that the share price has bounced 33% in the last...
Analysis Article • Apr 29

Are Investors Undervaluing SUSS MicroTec SE (ETR:SMHN) By 28%?

Key Insights The projected fair value for SUSS MicroTec is €46.17 based on 2 Stage Free Cash Flow to Equity SUSS...
User avatar
New Narrative • Mar 30

New Taiwan Facility Will Improve Manufacturing Capacity And Efficiency

The new production site in Taiwan and high demand for UV projection scanners are expected to boost manufacturing capacity and drive revenue growth.
Analysis Article • Mar 29

With EPS Growth And More, SÜSS MicroTec (ETR:SMHN) Makes An Interesting Case

For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...
Analysis Article • Mar 15

Is SÜSS MicroTec (ETR:SMHN) A Risky Investment?

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
Analysis Article • Feb 27

Is Now An Opportune Moment To Examine SÜSS MicroTec SE (ETR:SMHN)?

SÜSS MicroTec SE ( ETR:SMHN ), might not be a large cap stock, but it saw significant share price movement during...

Shareholder Returns

SMHNDE SemiconductorDE Market
7D5.3%2.9%-0.6%
1Y121.7%71.6%4.0%

Return vs Industry: SMHN exceeded the German Semiconductor industry which returned 71.6% over the past year.

Return vs Market: SMHN exceeded the German Market which returned 4% over the past year.

Price Volatility

Is SMHN's price volatile compared to industry and market?
SMHN volatility
SMHN Average Weekly Movement10.2%
Semiconductor Industry Average Movement9.0%
Market Average Movement5.0%
10% most volatile stocks in DE Market11.7%
10% least volatile stocks in DE Market2.4%

Stable Share Price: SMHN's share price has been volatile over the past 3 months compared to the German market.

Volatility Over Time: SMHN's weekly volatility (10%) has been stable over the past year, but is still higher than 75% of German stocks.

About the Company

FoundedEmployeesCEOWebsite
19491,605Burkhardt Frickwww.suss.com

SUSS MicroTec SE, together with its subsidiaries, develops, manufactures, markets, and maintains systems to produce microelectronics, microelectromechanical systems, and related applications. It operates in two divisions, Advanced Backend Solutions and Photomask Solutions. The company provides mask aligners, coaters and developers, UV projection scanners, and temporary and permanent bonders for advanced packaging, micro electro-mechanical systems, compound semiconductors, and 3D integration markets.

SUSS MicroTec SE Fundamentals Summary

How do SUSS MicroTec's earnings and revenue compare to its market cap?
SMHN fundamental statistics
Market cap€1.30b
Earnings (TTM)€25.70m
Revenue (TTM)€439.31m
50.6x
P/E Ratio
3.0x
P/S Ratio

Is SMHN overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
SMHN income statement (TTM)
Revenue€439.31m
Cost of Revenue€285.81m
Gross Profit€153.50m
Other Expenses€127.80m
Earnings€25.70m

Last Reported Earnings

Jun 30, 2026

Next Earnings Date

Nov 05, 2026

Earnings per share (EPS)1.34
Gross Margin34.94%
Net Profit Margin5.85%
Debt/Equity Ratio1.0%

How did SMHN perform over the long term?

See historical performance and comparison

Dividends

0.06%
Current Dividend Yield
3%
Payout Ratio

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/09/21 03:55
End of Day Share Price 2026/09/18 00:00
Earnings2026/06/30
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
  • SEC Form 10-K
  • SEC Form 10-Q
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
  • Analyst Research Reports
  • Blue Matrix
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
  • ICE Market Data
  • SEC Form S-1
Ownership10 years
  • Top shareholders
  • Insider trading
  • SEC Form 4
  • SEC Form 13D
Management10 years
  • Leadership team
  • Board of directors
  • SEC Form 10-K
  • SEC Form DEF 14A
Key Developments10 years
  • Company announcements
  • SEC Form 8-K

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

SUSS MicroTec SE is covered by 18 analysts. 8 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Guenther HollfelderBaader Helvea Equity Research
Amelie Dueckelmann-DublanyBerenberg
Tammy QiuBerenberg

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