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SMA Solar Technology AG (S92.DE)

DE XETRA Energy Solar
Address Sonnenallee 1 34266
Niestetal, DE
CEO Jurgen Reinert
Website sma.de
IPO 2008-08-20
ISIN DE000A0DJ6J9

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Also trades on Deutsche Börse · S92.DE (EUR) Other OTC · SMTGF (USD) Other OTC · SMTGY (USD)
Description

SMA Solar Technology AG, founded in 1981 and headquartered in Niestetal, Germany, is a globally operating company specializing in solar and energy technology. The firm develops, manufactures, and distributes a wide range of products, including photovoltaic (PV) and battery inverters, essential electrical components like transformers and chokes, and comprehensive monitoring systems for PV installations. Additionally, it offers charging solutions for electric vehicles. SMA structures its operations across three primary business segments: Home Solutions, Business Solutions, and Large Scale and Project Solutions. Its diverse product portfolio encompasses string and central solar inverters suitable for various module types, alongside advanced battery inverters compatible with high-voltage batteries for a multitude of applications, from on-grid and off-grid systems to commercial, industrial, and large-scale storage solutions. The company also provides medium-voltage technology products and DC-DC converters. Beyond hardware, SMA delivers E-mobility charging infrastructure, sophisticated monitoring and control systems for PV setups, energy data services, and digital tools designed to facilitate the design, operation, and maintenance of both PV and broader energy systems. The company adopted its current name, SMA Solar Technology AG, in June 2008, having previously been known as SMA Technologie AG.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
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Volume Profile
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Liquidity & share structure
Average Volume
150.7K
Beta
0.81
Float Shares
33.70M
Free Float %
97.1%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
-2.16% +0.48% +31.93% +92.75% +94.53% +77.21% +185.39% -38.78% +51.07% +32.65% +14.05%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
60.30
DCF (Levered) 0.27 -99.5%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM) 20% Bullish
Rating 2026-05 Change
Strong Buy 0 0
Buy 1 0
Hold 4 0
Sell 0 0
Strong Sell 0 0
Quality scores
Altman Z-Score
2.54
Grey zone
Piotroski F-Score
5 / 9
Average
MOAT Score
2 / 10
No MOAT
Composite Rating
C-
Overall Score
1 / 5
Low
DCF Score
2 / 5
Medium
ROE Score
1 / 5
Low
ROA Score
1 / 5
Low
D/E Score
3 / 5
Medium
P/E Score
1 / 5
Low
P/Book Score
1 / 5
Low
Operational MOAT
✗ Below peers
  • Revenue growth Solar: +18.1%
    -0.9% Q1'26: +4.0% (vs Q1'25)
  • EPS growth Solar: +43.7%
    -54.0% Q1'26: -129.2% (vs Q1'25)
  • FCF margin FCF growth · Solar: +87.8%
    -1.8% Q1'26: -7.5% (vs Q1'25)
  • EBIT margin Solar: +4.0%
    -13.2% Q1'26: +4.4% (vs Q1'25)
  • ROIC Solar: +1.3%
    -65.5% Q1'26: +10.9% (vs Q1'25)
  • Share dilution Solar: 0.0%
    0.0% Q1'26: +0.0% (vs Q1'25)
  • Debt / EBITDA Net debt/EBITDA · Solar: 0.12×
    -1.83× Q1'26: 0.85× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (0.76) × ERP
WACC = 94% × Ke + 6% × Kd (10.8%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Current price: 58.60
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Dec 2011
actual
Dec 2012
actual
Dec 2013
actual
Dec 2014
actual
Dec 2015
actual
Dec 2016
actual
Dec 2017
actual
Dec 2018
actual
Dec 2019
actual
Dec 2020
actual
Dec 2021
actual
Dec 2022
actual
Dec 2023
actual
Dec 2024
actual
Dec 2025
actual
Dec 2026
5 Rev. Ana.
4 EPS Ana.
Dec 2027
5 Rev. Ana.
4 EPS Ana.
Dec 2028
5 Rev. Ana.
4 EPS Ana.
Dec 2029
2 Rev. Ana.
2 EPS Ana.
Dec 2030
2 Rev. Ana.
2 EPS Ana.
Revenue
1.68B
est: 1.70B (-1.3%)
1.46B
est: 1.49B (-1.9%)
932.52M
est: 962.21M (-3.1%)
805.43M
est: 832.67M (-3.3%)
999.64M
est: 988.48M (+1.1%)
946.71M
est: 939.62M (+0.8%)
891.05M
est: 907.45M (-1.8%)
760.93M
est: 761.00M (0.0%)
915.07M
est: 914.98M (+0.0%)
1.03B
est: 1.03B (-0.1%)
983.67M
est: 984.17M (-0.1%)
1.07B
est: 1.04B (+2.7%)
1.90B
est: 1.88B (+1.0%)
1.53B
est: 1.50B (+1.9%)
1.52B
est: 1.51B (+0.4%)
1.61B
1.58B – 1.65B
+6.8% YoY
1.67B
1.65B – 1.71B
+3.8% YoY
1.75B
1.73B – 1.76B
+4.3% YoY
1.84B
1.81B – 1.88B
+5.5% YoY
1.92B
1.88B – 1.96B
+4.0% YoY
EBITDA
294.87M
est: 493.79M (-40.3%)
176.34M
est: 262.87M (-32.9%)
-1.30M
est: 117.02M (-101.1%)
-64.24M
est: -4.67M (-1,274.7%)
124.01M
est: -75.01M (+265.3%)
143.27M
est: 98.75M (+45.1%)
101.97M
est: 127.09M (-19.8%)
-58.52M
est: 89.74M (-165.2%)
35.24M
est: -95.40M (+136.9%)
71.56M
est: 39.72M (+80.2%)
9.61M
est: 42.10M (-77.2%)
77.72M
est: 43.98M (+76.7%)
316.19M
est: 70.88M (+346.1%)
-15.61M
est: 56.38M (-127.7%)
-76.50M
est: 56.78M (-234.7%)
60.66M
59.56M – 61.93M
+6.8% YoY
62.95M
61.98M – 64.34M
+3.8% YoY
65.68M
65.24M – 66.12M
+4.3% YoY
69.33M
68.16M – 70.82M
+5.5% YoY
72.07M
70.86M – 73.62M
+4.0% YoY
EBIT
245.35M
est: 463.06M (-47.0%)
106.42M
est: 211.19M (-49.6%)
-84.28M
est: 67.13M (-225.5%)
-163.73M
est: -77.10M (-112.4%)
45.01M
est: -197.16M (+122.8%)
62.60M
est: 41.18M (+52.0%)
45.14M
est: 62.51M (-27.8%)
-164.35M
est: 40.14M (-509.4%)
-9.58M
est: -181.94M (+94.7%)
28.89M
est: -13.17M (+319.4%)
-32.20M
est: -13.96M (-130.7%)
39.74M
est: -14.58M (+372.5%)
274.87M
est: -15.87M (+1,832.2%)
-92.71M
est: -12.62M (-634.5%)
-199.28M
est: -12.71M (-1,467.8%)
-13.58M
-13.86M – -13.33M
-6.8% YoY
-14.09M
-14.40M – -13.88M
-3.8% YoY
-14.70M
-14.80M – -14.60M
-4.3% YoY
-15.52M
-15.85M – -15.26M
-5.5% YoY
-16.13M
-16.48M – -15.86M
-4.0% YoY
Net Income
166.05M
est: 327.04M (-49.2%)
75.11M
est: 145.98M (-48.6%)
-66.62M
est: 49.43M (-234.8%)
-179.02M
est: -57.63M (-210.6%)
14.30M
est: -214.11M (+106.7%)
29.60M
est: 13.60M (+117.6%)
30.15M
est: 28.57M (+5.5%)
-175.49M
est: 27.44M (-739.4%)
-8.63M
est: -195.87M (+95.6%)
28.09M
est: -9.65M (+391.1%)
-23.00M
est: -10.23M (-124.9%)
55.82M
est: 169.90M (-67.1%)
225.67M
est: 166.29M (+35.7%)
-117.73M
est: -96.32M (-22.2%)
-181.10M
est: -207.59M (+12.8%)
69.98M
58.99M – 80.35M
+133.7% YoY
108.92M
92.97M – 138.39M
+55.6% YoY
135.55M
97.27M – 174.42M
+24.4% YoY
144.67M
141.52M – 148.72M
+6.7% YoY
150.57M
147.29M – 154.78M
+4.1% YoY
SGA
134.54M
est: 90.94M (+47.9%)
56.82M
est: 117.06M (-51.5%)
55.93M
est: 93.19M (-40.0%)
64.58M
est: 107.57M (-40.0%)
48.07M
est: 170.30M (-71.8%)
42.93M
est: 106.23M (-59.6%)
102.31M
est: 99.06M (+3.3%)
108.03M
est: 93.14M (+16.0%)
128.87M
est: 120.58M (+6.9%)
136.86M
est: 144.16M (-5.1%)
135.79M
est: 152.81M (-11.1%)
166.17M
est: 159.65M (+4.1%)
208.98M
est: 264.23M (-20.9%)
235.42M
est: 210.17M (+12.0%)
217.57M
est: 211.65M (+2.8%)
226.10M
222.00M – 230.84M
+6.8% YoY
234.66M
231.05M – 239.84M
+3.8% YoY
244.83M
243.18M – 246.48M
+4.3% YoY
258.41M
254.09M – 263.97M
+5.5% YoY
268.65M
264.16M – 274.43M
+4.0% YoY
EPS
4.79
est: 5.13 (-6.6%)
2.16
est: 2.48 (-13.0%)
-1.92
est: -1.70 (-13.2%)
-5.16
est: -2.75 (-87.8%)
0.41
est: 0.48 (-14.7%)
0.85
est: 0.99 (-13.8%)
0.87
est: 0.85 (+2.3%)
-5.06
est: -4.27 (-18.5%)
-0.25
est: -0.24 (-5.4%)
0.81
est: 0.73 (+11.6%)
-0.66
est: -0.73 (+10.0%)
1.61
est: 0.81 (+99.5%)
6.50
est: 4.79 (+35.6%)
-3.39
est: -2.77 (-22.5%)
-5.22
est: -5.97 (+12.5%)
1.95
1.70 – 2.32
+132.7% YoY
3.18
2.68 – 3.99
+62.7% YoY
3.88
2.80 – 5.03
+22.1% YoY
4.17
4.08 – 4.29
+7.5% YoY
4.34
4.25 – 4.46
+4.1% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-12 C- 1/5 2/5 1/5 1/5 3/5 1/5 1/5
2026-05-11 C- 1/5 2/5 1/5 1/5 3/5 1/5 1/5
2026-05-08 C- 1/5 2/5 1/5 1/5 2/5 1/5 1/5
2026-05-07 C- 1/5 2/5 1/5 1/5 2/5 1/5 1/5
2026-05-06 C- 1/5 2/5 1/5 1/5 2/5 1/5 1/5
2026-05-05 C- 1/5 2/5 1/5 1/5 2/5 1/5 1/5
2026-05-04 C- 1/5 2/5 1/5 1/5 2/5 1/5 1/5
2026-04-30 C- 1/5 2/5 1/5 1/5 2/5 1/5 1/5
2026-04-29 C- 1/5 2/5 1/5 1/5 2/5 1/5 1/5
2026-04-28 C- 1/5 2/5 1/5 1/5 2/5 1/5 1/5
2026-04-27 C- 1/5 2/5 1/5 1/5 2/5 1/5 1/5
2026-04-24 C- 1/5 2/5 1/5 1/5 2/5 1/5 2/5
2026-04-23 D+ 1/5 2/5 1/5 1/5 1/5 1/5 1/5
2026-04-22 D+ 1/5 2/5 1/5 1/5 1/5 1/5 1/5
2026-04-21 C- 1/5 2/5 1/5 1/5 1/5 1/5 2/5
2026-04-20 C- 1/5 2/5 1/5 1/5 1/5 1/5 2/5
2026-04-17 C- 1/5 2/5 1/5 1/5 1/5 1/5 2/5
2026-04-16 C- 1/5 2/5 1/5 1/5 1/5 1/5 2/5
2026-04-15 C- 1/5 2/5 1/5 1/5 1/5 1/5 2/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
106.11M
OE per share TTM
3.06
Owner's Yield
5.07%
Maintenance CapEx ratio
Maint CapEx / Avg PPE
17.5%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
-48.6K
Shares Outstanding
34.70M

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Jurgen Reinert Chief Executive Officer, Head of Operations, Technology, Strategy, Sales & Service and Chairman of Managing Board 2M
Olaf Heyden Chief Operating Officer, Chief Transformation Officer & Member of Executive Board 809.2K male
Kaveh Rouhi Chief Financial & Legal Officer and Member of Managing Board 616.0K
Jeanete Klokgether Executive Vice President of Sales & Marketing, Power Plant Solutions female
Julia Damm Manager of Investor Relations
Anja Jasper Head of Corporate Communications female
Marko Werner Executive Vice President of European Sales male
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits