Professional
Added to YB: 2023-12-18
Pitch date: 2023-12-18
S92.DE [bearish]
SMA Solar Technology AG
+31.56%
current return
Author Info
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Company Info
SMA Solar Technology AG, together with its subsidiaries, develops, produces, and sells PV and battery inverters, transformers, chokes, monitoring systems for PV systems, and charging solutions for electric vehicles in Germany and internationally.
Market Cap
EUR 780.8M
Pitch Price
EUR 53.89
Price Target
N/A
Dividend
N/A
EV/EBITDA
-5.49
P/E
-3.82
EV/Sales
0.49
Sector
Semiconductors and Semiconductor Equipment
Category
value
Ningi Research is short $S92.DE
S92: Shorting due to €146M expenses capitalized, inflating profit. Improper 'Intangible assets' accounting +1100% to €71M. Misleading metrics overstate FCF. IP threats, key patents nullified. Weak audit oversight. Mgmt comp tied to EBIT. €1.96B mkt cap, €58 price ripe for correction.
Read full article (14 min)