The recent downward movement has sent SMA Solar Technology AG shares back to attractive levels situated around 41.44 EUR. This zone could put an end to the downward movement and offers a good timing for new long positions. Investors have an opportunity to buy the stock and target the € 49.84.
The company has strong fundamentals. More than 70% of listed companies have a lower mix of growth, profitability, debt and visibility criteria.
The company is in a robust financial situation considering its net cash and margin position.
As regards fundamentals, the enterprise value to sales ratio is at 1.14 for the current period. Therefore, the company is undervalued.
For the last twelve months, analysts have been gradually revising upwards their EPS forecast for the upcoming fiscal year.
The average target price set by analysts covering the stock is above current prices and offers a tremendous appreciation potential.
The company sustains low margins.
With an expected P/E ratio at 49.37 and 35.41 respectively for both the current and next fiscal years, the company operates with high earnings multiples.
The firm pays small or no dividend to shareholders. For that reason, it is not a yield company.
ę MarketScreener.com 2021
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