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SUSS MicroTec SE (SMHN.DE) — Structural Peer Analysis

SUSS MicroTec SE ranks below the peer group median, with growth as the least supportive dimension.

Updated 2026-05-17 · HDAX
ENTRY TODAY
Elevated price zonenear norm
TODAY (5y history)99th pct today
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Today the stock sits in a historically elevated range, with its multiple close to its own norm.
Describes where today's entry sits in the stock's own long-term price and valuation history. Descriptive only. Not investment advice.
Dimension Profile

Peer-relative scores, weakest to strongest

Weakest Growth 0
Bottom 25% of peers
Weak Stability 30
Below median
Moderate Profitability 39
Below median
Strongest Valuation 49
Around median
Peer-Relative Score
32
Peer-Score
Below-average peer position
Signal qualitylow
Structural Read

Premium Under Pressure as Cyclical Risks Dominate

SUSS MicroTec SE develops equipment for semiconductor wafer processing and related manufacturing technologies.

The market prices SUSS MicroTec as a niche cycle play on short-term demand volatility, not on sustainable quality returns. With ROIC at 7.2% (trailing twelve months, below sector leaders) and quarterly revenue growth down -8.4% (peer-unterdurchschnittlich), the market penalizes each sign of cyclical exposure by compressing the valuation in response to declining growth and persistent margin swings, even when order intake is strong. In semiconductor equipment, suppliers with volatile demand and high innovation dependence are especially priced on near-term cycles rather than long-term earnings power. Only if SUSS MicroTec delivers stable growth and margin improvement over multiple quarters will the market shift its valuation framing toward quality.

AssetNext · 2026-05-15 · Rule-based and descriptive. Not investment advice.

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This analysis is rule-based and descriptive. Peer-relative scores are derived from functional peer group comparisons using publicly available financial data. Scores reflect structural positioning only and do not constitute investment advice, a buy or sell recommendation, or a forecast of future performance. AssetNext peer scores are recalculated periodically as new data becomes available.

How AssetNext Peer Scores Work

AssetNext scores reflect each company's structural position within its functional peer group — not a ranking against all stocks simultaneously. Peers are identified by similarity across eight financial dimensions, including revenue growth trajectory, margin structure, capital intensity, and earnings stability. A score of 75 means the company ranks in the top quartile within its own peer group, not the entire market.

Four dimension scores drive the overall peer score: Growth (revenue trajectory and expansion dynamics), Quality (margin structure and capital efficiency), Valuation (peer-relative pricing on standard multiples), and Stability (earnings consistency and financial predictability). Each dimension is scored 0–100 relative to the peer group, then combined into an overall peer score using equal weighting.

Because scores are peer-relative, the same company can have slightly different scores in different index universes. On comparison pages, both companies are shown within their shared peer universe wherever possible — so the scores are directly comparable. The peer basis is stated on each score card.

Scores are recalculated periodically as underlying financial data is updated. All analysis is descriptive and rule-based — AssetNext describes structural realities and never issues buy, sell or hold recommendations.