Stock · S92.DE · Technology
Germany · Small Cap · Revenue 12 mo. €1.5B
Price as of 11/06/2026
SMA Solar Technology AG, together with its subsidiaries, develops, produces, and sells PV and battery inverters, monitoring systems for PV systems, and charging solutions for electric vehicles in Germany and internationally.
SMA Solar Technology AG, together with its subsidiaries, develops, produces, and sells PV and battery inverters, monitoring systems for PV systems, and charging solutions for electric vehicles in Germany and internationally. The company operates in two segments: Home & Business Solutions and Large Scale & Project Solutions. It offers solar and battery inverters, hybrid inverters, system solutions and packages, solar batteries, e-mobility charging solutions, energy management solutions, SMA echarger and commercial storage solutions, and Sunny Tripower X, as well as digital solutions to design, operate, and service PV systems and energy systems. The company serves electric utility companies, independent power producers, project developers and institutional investors, EPCs, system integrators, and grid operators, as well as energy-intensive industries. The company was formerly known as SMA Technologie AG and changed its name to SMA Solar Technology AG in June 2008. SMA Solar Technology AG was founded in 1981 and is headquartered in Niestetal, Germany.
Original text from the data provider
Summary
39.6 of 100
Mean of the six area values. Each area value is the mean of the stock's ranks among the companies in its sector. 50 is the middle of the sector, not a share of companies beaten.
Analysis
What the price requires
If free cash flow stays at €126.2M (2025), it supports €1.4B. The remaining €220.3M of the market value assume it grows 2.1% a year for 10 years and not at all afterwards.
Required FCF growth per year
2.1%
no growth afterwards
Price to operating cash flow 13.1×, below its usual range.
Middle half of 17 quarters: 13.8× to 24.9×, median 17.5×.
Measures only against its own past, not against what the company is worth. Price as of 11/06/2026.
with respect to the priced-in expectation
with respect to the priced-in expectation
Since the last quarter
Q1 → Q2 2026
2 more unchanged: Revenue, 12 mo., Shares outstanding
Derivation
Each area value is the average of its metrics' ranks within the sector (0 to 100, 50 is the middle). For metrics where lower is better, the rank is mirrored. The overall value is the average of the area values.
Price as of 11/06/2026.
| Metric | Stock | Sector median | Position in sector |
|---|---|---|---|
| Return on equity | −49.54% | 14.60% | Rank 3 |
| Return on capital (Greenblatt) | −43.13% | 29.77% | Rank 1 |
| EBIT margin | −13.15% | 17.40% | Rank 2 |
| FCF margin | 8.32% | 18.54% | Rank 25 |
| Gross margin | 7.58% | 48.47% | Rank 1 |
| Metric | Stock | Sector median | Position in sector |
|---|---|---|---|
| Revenue growth, 1 year | −0.91% | 12.70% | Rank 7 |
| Earnings growth, 3 years per yeardoes not count towards the rank | – | 9.54% | |
| Earnings growth, 5 years per yeardoes not count towards the rank | – | 14.07% | |
| Sustainable growth (ROE × retained earnings) | 1.11% | 2.87% | Rank 26 |
| Metric | Stock | Sector median | Position in sector |
|---|---|---|---|
| Earnings yield | −10.21% | 2.64% | Rank 2 |
| FCF yield | 7.78% | 3.06% | Rank 87 |
| EV/saleslower is better | 1.03 | 5.18 | Rank 92 |
| EV/EBITlower is betterdoes not count towards the rank | – | 26.24 |
| Metric | Stock | Sector median | Position in sector |
|---|---|---|---|
| Share price, 1 year | 69.99% | −0.59% | Rank 94 |
| Share price, 6 months | −18.77% | −4.46% | Rank 33 |
| Share price, 3 months | −1.10% | −5.84% | Rank 58 |
| Distance from 52-week high | −24.89% | −33.23% | Rank 64 |
| Metric | Stock | Sector median | Position in sector |
|---|---|---|---|
| Accruals (Sloan)lower is better | −20.43% | 1.65% | Rank 96 |
| Change in share countlower is better | −0.02% | −0.17% | Rank 46 |
| Dividend streak in years | 1 | 8 | Rank 39 |
| Price reaction to results, market-adjusted | 1.56% | −1.57% | Rank 67 |
| Metric | Stock | Sector median | Position in sector |
|---|---|---|---|
| Equity ratio | 27.99% | 53.98% | Rank 20 |
| Net debt/EBITDAlower is betterdoes not count towards the rank | – | −0.20 | |
| Debt to equitylower is better | 0.38 | 0.33 | Rank 47 |
| Volatility, 1 yearlower is better | 69.16% | 50.37% | Rank 23 |
Ten years in figures
| Year | Revenue | EBIT margin | FCF, €M | Shares | Net debt, €M |
|---|---|---|---|---|---|
| 2016 | €946.7M | 6.8% | 115.6 | 34.7M | −175.8 |
| 2017 | €891.0M | 5.0% | 83.6 | 34.7M | −214.0 |
| 2018 | €760.9M | −19.9% | −94.6 | 34.7M | −122.2 |
| 2019 | €915.1M | −1.3% | −28.8 | 34.7M | −180.3 |
| 2020 | €1.0B | 2.7% | −70.2 | 34.7M | −82.6 |
| 2021 | €983.7M | −3.2% | 46.7 | 34.7M | −67.3 |
| 2022 | €1.1B | 3.0% | −33.2 | 34.7M | −141.7 |
| 2023 | €1.9B | 14.2% | 56.4 | 34.7M | −187.5 |
| 2024 | €1.5B | −6.1% | −202.8 | 34.7M | −195.8 |
| 2025 | €1.5B | −13.2% | 126.2 | 34.7M | −50.8 |
2 of 7 StockScorer Score rules met · How the score is built
SMA Solar Technology AG mainly meets criteria in the Valuation category. Result from 18 strategies checked.
SMA Solar Technology AG is rated here with the StockScorer Score strategy, the flagship rule set. It compares return and cash-flow metrics with the median of the company's own sector and checks growth and price trend.
2 of 7 rules met
3 of 11 points
Detail data
Excerpt from 18 strategies checked. The full evaluation is visible after a free sign-up.
With a free account, you can see the match across all strategies checked in one complete overview.
Selected fundamental metrics for SMA Solar Technology AG.
| Metric | Stock | Sector |
|---|---|---|
| P/E ratio | −11.3 | 35.1 |
| P/B ratio | 4.9 | 5.5 |
| Return on equity (ROE) | −49.5% | 14.6% |
| Equity ratio | 28.0% | 54.0% |
| Debt-to-equity (D/E) | 0.38 | 0.33 |
| Dividend yield | 0.0% | 0.9% |
How comparable stocks in the same sector score in the StockScorer model.
| Symbol | Company | Rating |
|---|---|---|
| S92.DE | SMA Solar Technology AGthis page | |
| NXT | Nextpower Inc. | locked |
| FSLR | First Solar Inc | High6.4 |
| WAF.DE | Siltronic AG | Low0.0 |
| AOF.DE | ATOSS Software SE | locked |
| YSN.DE | secunet Security Networks Aktiengesellschaft | locked |
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