SMA Solar Technology AG

Factors to consider:

• Earnings for 3 months up through Q1 are below our estimates

Stock Forecast*

* forecast is subjective and experimental, should not be used for any investment decisions

Long term estimates were made for the period from 2025-12-31 to 2027-12-31

• 2025-12-31 to 2026-12-31 estimated range: [28.03$, 60.11$]
• 2026-12-31 to 2027-12-31 estimated range: [25.07$, 53.73$]

Financial Metrics affecting the SMTGF estimates:

• Negative: with PPE of -5.9 at the end of fiscal year the price was high
• Negative: negative Operating income
• Positive: 6.59 < Operating cash flow per share per price, % of 12.64
• Negative: negative Net income
• Positive: Inventory ratio change, % of -18.46 <= -0.75
• Positive: 19.24 < Shareholder equity ratio, % of 27.99 <= 42.59
• Positive: Industry inventory ratio change (median), % of 0 <= 0