Suess Microtec AG

SUESS MicroTec SE Formerly known as Suess MicroTec AG. SUESS MicroTec SE is a Germany-based holding company (the Group) that supplies process equipment for microstructuring in the semiconductor industry. The Group operates through four segments: Lithography, Bonder, Photomask Equipment and Others. The Lithography division develops, produces and sells the mask aligner, developer, and coater product lines, as well as ultraviolet (UV) projection and laser processing product lines. The Bonder division comprises the development, production and distribution of the substrate bonder product line. The Photomask Equipment division includes the development, manufacture and sale of HMx, ASx, MaskTrack and MaskTrack Pro product lines through SUSS MicroTec Photomask Equipment GmbH & Co KG. The Others division combines further activities of the Group in the area of micro-optics and lenses and the centralized Group functions.
  • TickerSMHN
  • ISINDE000A1K0235
  • SectorElectronic & Electrical Equipment
  • CountryGermany

Analysts

Anis Zgaya ...
  • Baptiste Lebacq
  • Christophe-Raphaël Ganet
  • Jean-François Granjon
  • Louis Boujard, CFA
  • Philippe Ourpatian
  • Stephane Houri

ODDO BHF Small & MIDCAP MORNING NEWS - 02/04/2020

Nous révisons drastiquement notre scénario 2020 sur le marché des semi-conducteurs à -10% vs +5%. Celui-ci va s’effondrer au T2. Bien que nous croyions (sur ce secteur au moins) au scénario d’une reprise en V (prévision 2021 relevée à +13% vs +8%), le newsflow négatif reste à venir. Certains segments (automobile, industrie) seront plus impactés que d’autres (réseaux, serveurs, stockage…). Nous révisons en moyenne nos BPA 2020e de -37%, 2021e de -24% et nos OC de -27%. En découlent 5 a...

Stephane Houri

SÜSS Micro Tec AG : Management still cautiously optimistic despite COVID 19…

>FY 2019 results below preliminary results, EPS below expectations - This morning, Suss Micro Tec released its final FY 2019 earnings, which were below its preliminary results (released 27 January 2020). Sales were € 213.8m, slightly below the preliminary results at € 215m. They were up 4.9% y-o-y. The order intake was € 219.3m, up 14.8% y-o-y. EBIT was -€13.8m, i.e., an EBIT margin of -6.5%, below -€ 11.3m for the preliminary results (or -5.3%). This includes special...

Stephane Houri

SÜSS Micro Tec AG : Management still cautiously optimistic despite COVID 19…

>FY 2019 results below preliminary results, EPS below expectations - This morning, Suss Micro Tec released its final FY 2019 earnings, which were below its preliminary results (released 27 January 2020). Sales were € 213.8m, slightly below the preliminary results at € 215m. They were up 4.9% y-o-y. The order intake was € 219.3m, up 14.8% y-o-y. EBIT was -€13.8m, i.e., an EBIT margin of -6.5%, below -€ 11.3m for the preliminary results (or -5.3%). This includes special...

Emmanuel Matot ...
  • Stephane Houri

ODDO : COVID -19: A ‘flash crash’, before a flash recovery?

We have drastically revised our scenario for growth of the semiconductor market in 2020 to -10% vs +5%. We believe it is set to collapse in Q2. Although we expect (in this sector at least) a V-shaped recovery (2021 forecast raised to +13% vs +8%), the negative news flow is still to come. Some segments (automotive, industry) will be harder hit than others (networks, servers, storage, etc.). On average we have revised down our 2020e EPS forecasts by -37% and those for 2021 by -24%,...

Emmanuel Matot ...
  • Stephane Houri

ODDO : COVID -19 : Un ‘flash crash’, avant une flash recovery?

Nous révisons drastiquement notre scénario 2020 sur le marché des semi-conducteurs à -10% vs +5%. Celui-ci va s’effondrer au T2. Bien que nous croyions (sur ce secteur au moins) au scénario d’une reprise en V (prévision 2021 relevée à +13% vs +8%), le newsflow négatif reste à venir. Certains segments (automobile, industrie) seront plus impactés que d’autres (réseaux, serveurs, stockage…). Nous révisons en moyenne nos BPA 2020e de -37%, 2021e de -24% et nos OC de -27%. En découlen...

Stephane Houri

SÜSS Micro Tec AG : Management still cautiously optimistic despite COVID 19…

>FY 2019 results below preliminary results, EPS below expectations - This morning, Suss Micro Tec released its final FY 2019 earnings, which were below its preliminary results (released 27 January 2020). Sales were € 213.8m, slightly below the preliminary results at € 215m. They were up 4.9% y-o-y. The order intake was € 219.3m, up 14.8% y-o-y. EBIT was -€13.8m, i.e., an EBIT margin of -6.5%, below -€ 11.3m for the preliminary results (or -5.3%). This includes special...

Stephane Houri

SÜSS Micro Tec AG : Management still cautiously optimistic despite COVID 19…

>FY 2019 results below preliminary results, EPS below expectations - This morning, Suss Micro Tec released its final FY 2019 earnings, which were below its preliminary results (released 27 January 2020). Sales were € 213.8m, slightly below the preliminary results at € 215m. They were up 4.9% y-o-y. The order intake was € 219.3m, up 14.8% y-o-y. EBIT was -€13.8m, i.e., an EBIT margin of -6.5%, below -€ 11.3m for the preliminary results (or -5.3%). This includes special...

Emmanuel Matot ...
  • Stephane Houri

ODDO : COVID -19: A ‘flash crash’, before a flash recovery?

We have drastically revised our scenario for growth of the semiconductor market in 2020 to -10% vs +5%. We believe it is set to collapse in Q2. Although we expect (in this sector at least) a V-shaped recovery (2021 forecast raised to +13% vs +8%), the negative news flow is still to come. Some segments (automotive, industry) will be harder hit than others (networks, servers, storage, etc.). On average we have revised down our 2020e EPS forecasts by -37% and those for 2021 by -24%,...

Emmanuel Matot ...
  • Stephane Houri

ODDO : COVID -19 : Un ‘flash crash’, avant une flash recovery?

Nous révisons drastiquement notre scénario 2020 sur le marché des semi-conducteurs à -10% vs +5%. Celui-ci va s’effondrer au T2. Bien que nous croyions (sur ce secteur au moins) au scénario d’une reprise en V (prévision 2021 relevée à +13% vs +8%), le newsflow négatif reste à venir. Certains segments (automobile, industrie) seront plus impactés que d’autres (réseaux, serveurs, stockage…). Nous révisons en moyenne nos BPA 2020e de -37%, 2021e de -24% et nos OC de -27%. En découlen...

Emmanuel Matot ...
  • Stephane Houri

ODDO : A very good January 2020, but that was before (Covid-19)...

>January beat forecasts, with a market that was almost flat once again vs the previous year - Worldwide semiconductor sales for January 2020 were published yesterday evening by WSTS (World Semiconductor Trade Statistics), with a month’s lag, as usual. On a three-month moving average, they came to $ 35.4bn, 1.7% above our forecast for $ 34.8bn. This marks a significant improvement, with the year-on-year decline moving from -5.5% in December to -0.2% in January. In seq...

Anis Zgaya ...
  • Baptiste Lebacq
  • Christophe-Raphaël Ganet
  • Jean-François Granjon
  • Louis Boujard, CFA
  • Philippe Ourpatian
  • Stephane Houri

ODDO BHF Small & MIDCAP MORNING NEWS - 02/04/2020

Nous révisons drastiquement notre scénario 2020 sur le marché des semi-conducteurs à -10% vs +5%. Celui-ci va s’effondrer au T2. Bien que nous croyions (sur ce secteur au moins) au scénario d’une reprise en V (prévision 2021 relevée à +13% vs +8%), le newsflow négatif reste à venir. Certains segments (automobile, industrie) seront plus impactés que d’autres (réseaux, serveurs, stockage…). Nous révisons en moyenne nos BPA 2020e de -37%, 2021e de -24% et nos OC de -27%. En découlent 5 a...

Charles Lepetitpas ...
  • Christophe-Raphaël Ganet
  • Emmanuel Matot
  • Florent Laroche-Joubert
  • Jean-François Granjon
  • Johanna Jourdain
  • Matthias Desmarais
  • Stephane Houri

ODDO BHF Small & MIDCAP MORNING NEWS - 03/03/2020

...

Charles Lepetitpas ...
  • Emira Sagaama
  • Emmanuel Matot
  • Jerôme Bodin
  • Matthias Desmarais
  • Nicolas David
  • Pierre Tegner
  • Roland Pfaender,MBA,CFA,CCRA
  • Stephane Houri

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 03/03/2020

The recent correction has opened up opportunities. We have calculated an impact of -5% on Q1 2020 EBIT from COVID-19. Above all, we think: i/ organic growth momentum will remain higher than the sector’s; ii/ the acquisitions model is intact; and iii/ the issue with the EBIT margin, which is still north of 15.5%, must not be overestimated. Buy rating maintained. Cf. equity report published last evening. - ...

Charles Lepetitpas ...
  • Emira Sagaama
  • Emmanuel Matot
  • Jerôme Bodin
  • Matthias Desmarais
  • Nicolas David
  • Pierre Tegner
  • Roland Pfaender,MBA,CFA,CCRA
  • Stephane Houri

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 03/03/2020

La correction récente offre des opportunités. Nous avons calculé un impact COVID-19 de -5% sur l’EBIT T1. Surtout, nous estimons que : i/ la dynamique de croissance organique va rester supérieure à celle du secteur, ii/ le modèle d’acquisitions est intact et iii/ l’enjeu sur la marge d’EBIT, qui reste supérieure à 15.5%, ne doit pas être surestimé. Achat maintenu. Cf. étude publiée hier soir. - ...

Charles Lepetitpas ...
  • Christophe-Raphaël Ganet
  • Emmanuel Matot
  • Florent Laroche-Joubert
  • Jean-François Granjon
  • Johanna Jourdain
  • Matthias Desmarais
  • Stephane Houri

ODDO BHF Small & MIDCAP MORNING NEWS - 03/03/2020 Date Performance depuis l’entrée Date Performance depuis l’entrée

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SUESS MICROTEC AG reduced its risk exposure resulting in an upgrade to Slightly Positive

SUESS MICROTEC AG (DE), a company active in the Semiconductors industry, reduced its market risk and raised its general evaluation. The independent financial analyst theScreener awarded an improved star rating to the company, which now shows 4 out of 4 possible stars; its market behaviour has improved and can be considered as moderately risky. theScreener believes that this new assessment merits an overall rating upgrade to Slightly Positive. As of the analysis date December 10, 2019, the closing price was EUR 11.66 and its potential was estimated at EUR 13.08.

Ford Equity International Rating and Forecast Report

Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind each recommendation and reflect the fundamental and price data as of the last trading day of the week...

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