SMA Solar Technology AG (ADR)

Factors to consider:

• Current price 55.8% above estimated high
• Earnings for 6 months up through Q2 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 2024-12-31 to 2026-12-31

• 2024-12-31 to 2025-12-31 estimated range: [0.92$, 2.83$]
• 2025-12-31 to 2026-12-31 estimated range: [1.30$, 3.55$]

Financial Metrics affecting the SMTGY estimates:

• Positive: with PPE of -0.4 at the end of fiscal year the price was low
• Negative: negative Operating income
• Positive: 18.93 < Shareholder equity ratio, % of 35.90 <= 41.86
• Positive: Industry inventory ratio change (median), % of -0.49 <= -0.15
• Negative: Operating cash flow per share per price, % of -23.84 <= 0.33
• Positive: -14.38 < Investing cash flow per share per price, % of -6.10
• Positive: Inventory ratio change, % of -4.37 <= -0.75