SMA Solar Technology AG (S92) Fair Value & Analysis
Technology · DE · Market cap €2.3B
Fair value as of: Jun 24, 2026
From 8 valuation models · updated 6 days ago
Fair value updated Jun 24, 2026 — revised from €56.75 to €31.60 (−44.3%) since Jun 23, 2026. Share price −4.3% over the past month.
Price vs Fair Value (12 months)
12‑month range €13.46 – €57.66 · fair‑value band €23.70 – €39.50 · the €53.30 price screens above the €31.60 fair value. As of Jun 24, 2026.
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SMA Solar Technology AG (S92) currently trades at €53.30, while our model-based Fair Value estimate is €31.60 — implying the stock looks roughly 40.7% overvalued today. We read business quality at 95/100 (high quality), in the Technology sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium — the entry price still matters most (evidence: medium).
Over the trailing twelve months, SMA Solar Technology AG generated revenue of €1.5B at a net margin of -12.3%. Revenue grew 4.0% year over year. It earns a return on equity of -40.8%. The balance sheet holds a net cash position of €50.8M. Fundamentals as of Jun 24, 2026
Key figures & financial health
More key figures
Figures from reported company fundamentals (EODHD) · as of Jun 24, 2026. TTM = trailing twelve months.
About the company
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…
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
SMA Solar Technology AG reported revenue of €1.5B in FY2025 versus €984M in FY2021, a compound +11.4%/yr. Reported net income was −€181M in FY2025.
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Similar stocks
6 more Solar stocks, each showing price versus our Fair Value estimate (as of Jun 24, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| First Solar, Inc FSLR | $311.01 | $316.07 | +2% |
| Nextpower Inc NXT | $129.07 | $85.78 | -34% |
| Waaree Energies Limited WAAREEENER | ₹3,017 | ₹3,803 | +26% |
| Tongwei Co 600438 | ¥13.00 | ¥47.50 | +265% |
| Enphase Energy, Inc ENPH | $68.39 | $14.00 | -80% |
| Jinko Solar Co 688223 | ¥5.23 | ¥1.66 | -68% |
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How we calculate Fair Value
Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data — nothing guessed.
Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.