Obermatt

SMA Solar

GER:S92 · DE000A0DJ6J9
Electrical EquipmentMedium

360

44
EV / EBIT63
Price / Owner Earnings73
Owner Earnings Yield1
Dividend Yield61
Price/Sales77
EV / Gross Profit35
Price/Book45
Return on Capital9
Cash Return on Capital8
Return on Equity8
EBIT Margin20
Gross Profitability35
Accruals91
Owner Earnings Margin26
Sales growth31
Profit growth57
Reinvestment18
Price momentum97
Debt load67
Refinancing65
Debt Payback1
Liquidity10
Analyst ratings14
Opinion Changes50
Price Target Upside43
Market mood6
Value Creation4/20not creating value
  • Creates more value than its capital costs
  • Owner earnings growing
  • Owner earnings per share growing
  • Reinvests at strong returns
  • Solid earnings base

What this means

SMA Solar doesn't consistently earn more than its cost of capital, so it isn't yet creating shareholder value.

Profile

CountryGermany
IndustryElectrical Equipment
SizeMedium
TypePublic Company
ExchangeXTRA
Founded2004
Employees1,310
Websitesma.de
ISINDE000A0DJ6J9
Last UpdateApr 2, 2026
Themes
Clean EnergyEnergy StorageElectric VehicleClimateTechBattery Energy Storage System (BESS)Smart EnergyUtility Scale SolarEnergy ManagementCleanTechElectric Vehicle Charging InfrastructureRenewable EnergySemiconductorSolar

Description

SMA Solar Technology AG is a leading innovator in the production of solar inverters and related technologies, playing a pivotal role in the renewable energy sector. Business Segments The company operates through various business segments that are i…

Analysis

Middle-of-the-road

SMA Solar Technology AG is a middle-of-the-road business: neither the economics nor the price stand out from the peer group.

Valuation data is not available for this company.

The trajectory is moderate and the balance sheet is sturdy. The company scores 4/20 on our value-creation score: not creating value.

Nothing is flagged here: no red or amber gates, no divergence between profits and cash. That is itself information: the numbers are straightforward. As always: this describes the company's numbers; it is not a recommendation.

360° rank · history

1007550250
12
2023202420252026

All-time high

94

Jan 2024

All-time low

12

Jun 2026

Average rank

54

across all years

Detailed & Historical Ranks

Deep dive into 15 detailed ranks and 3 years of history.

Current202520242023
Price/Sales
77
78
66
77
Price/Earnings
29
72
83
11
Price/Book
45
67
44
70
Dividend Yield
61
1
46
42
Value (overall)
73
63
90
64

Cells are coloured by rank band (red weak → green strong). Sentiment & 360° history begins 2023.

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Make Sense of the Ranks

Every rank runs 1–100 against true peers. Higher is always better.

360° View
1 · Watch OutGood· 100
Value
1 · ExpensiveGood Value· 100
Quality
1 · Weak FundamentalsHigh Quality· 100
Growth
1 · Tough TimesHigh Growth· 100
Safety
1 · High LeverageWell-Financed· 100
Sentiment
1 · SkepticismPositive· 100
Learn More →