Siltronic AG
🇩🇪 WAF.XETRA · Frankfurt · DE000WAF3001
Technology
EUR 53.25 price at analysis
Scores
Key Metrics
Powered by EODHDP/E (TTM)
N/A
P/E (Price-to-Earnings)Shows how much investors pay for each $1 of profit. We display the TTM P/E (Trailing Twelve Months) which uses actual earnings from the last 4 quarters. This is more reliable than Forward P/E which uses analyst estimates.
TTM period through: 2025-12-31
Why N/A?
EPS (TTM) = -2.31 (negative or zero)
Cannot calculate P/E with negative earnings.
Forward P/E (estimated): 16.5
Based on analyst estimates
Reference: Provider P/E (Forward): 16.5
Yield (Fwd)
0.38%
Dividend YieldThe Forward yield (Fwd) shows the next announced annual dividend / current price — what you'd earn going forward. The Trailing yield (TTM) in the tooltip shows dividends actually paid in the last 12 months. Forward is shown as primary because it reflects the company's current commitment to shareholders.
Net Debt/EBITDA (TTM)
3.8x
Latest quarter: 14.5x
Net Debt / EBITDAA leverage ratio showing how many years of EBITDA (earnings before interest, taxes, depreciation, and amortization) it would take to repay net debt. EBITDA approximates operating cash generation. Lower ratios (e.g., <3x) are generally safer; higher (e.g., >5x) may indicate more financial risk.
TTM through: 2025-12-31
Latest quarter (2025-12-31): 14.5x
The quarterly value can spike when quarterly EBITDA is very low (e.g., one-time charges).
Quick guide: <2x manageable, >4x can be risky (sector-dependent).
Payout (TTM)
20.6%
Payout RatioDividends as a percentage of earnings. The Forward payout (Fwd) uses the announced dividend divided by actual past earnings (TTM) — it tells you if the company can afford what it promised. Very high payouts can be risky, especially if profits fall.
Cash Flow Payout (TTM): 2.6%
FCF Coverage (TTM): -25.00x
ROE
-3.7%
ROE (Return on Equity)A profitability measure: how much profit is generated from shareholders’ equity. Higher isn’t always better if it comes from high debt.
EV/EBITDA
7.7x
EV/EBITDAA valuation ratio that compares total business value (including debt) to EBITDA. Lower can mean cheaper, but context matters.
Summary
The combination of chronic dividend unreliability, an upcoming 83.3% dividend cut, and negative trailing earnings makes this stock structurally unsuitable for conservative dividend strategies. Escalating leverage and heavy exposure to a highly cyclical industry further compound the risks without providing adequate yield compensation. Not recommended for new positions; better opportunities exist in stable, essential service sectors.
Sector Context
Siltronic AG is a major global manufacturer of hyperpure silicon wafers, supplying the foundational materials used by the semiconductor industry to create microchips. This places the company in the Technology sector, which is heavily cyclical, highly capital-intensive, and subject to rapid inventory corrections, making it fundamentally incompatible with strategies seeking stable, predictable cash flows for reliable dividend income.
📊 Strategy Analysis
- • Holds a prominent global market position in the highly consolidated silicon wafer manufacturing industry.
- • EBITDA margin remains somewhat resilient at 22.75% despite the challenging macroeconomic environment and current cyclical downturn.
⚠ What to Watch
- • Operates in the highly cyclical Technology sector, which is explicitly avoided by the dividend strategy due to unpredictable cash flows and lack of essential service stability.
- • Chronic dividend unreliability with four past cuts and a severe announced 83.3% reduction (from €1.20 to €0.20), making it completely unsuitable for income investors.
- • Negative trailing twelve-month earnings (EPS of -€2.31) and declining profitability driven by prolonged weak demand and elevated customer inventories.
- • Financial leverage is escalating significantly, with Net Debt/EBITDA reaching 3.79x, approaching the strategy's 4.0x maximum risk threshold.
📊 Historical Trends (10 Years)
Powered by EODHDThese charts show how key metrics have evolved over the past decade, helping you identify if the company is improving or deteriorating.
Debt Evolution (Net Debt / EBITDA)
Lower values are better. A declining trend indicates the company is reducing its debt (deleveraging).
Revenue & Earnings Growth
Consistent growth in revenueRevenue
The money a company brings in from selling its products or services. It’s the top line before costs. (blue) and earningsEarnings (Profit)
What’s left after expenses. Positive earnings mean the business made a profit; negative means a loss. (green) indicates a healthy business. Look for upward trends and recoveries after temporary dips.
Dividend Sustainability (FCF vs Dividends Paid)
Free cash flowFree Cash Flow
Cash left after the company pays for running the business and maintaining it. Often used to fund dividends, pay debt, or buy back shares. (FCFFCF (Free Cash Flow)
Short for Free Cash Flow: cash left after operating needs and maintenance spending., blue) should cover dividends paidDividends Paid
Cash the company paid out to shareholders. It’s not guaranteed and can change over time. (green). If dividends consistently exceed FCFFCF (Free Cash Flow)
Short for Free Cash Flow: cash left after operating needs and maintenance spending., the dividend may be at risk.
Analysis date: 2026-04-05
Disclaimer: This information is for educational purposes only. Not financial advice.