Company Profile · Technology

SÜSS MicroTec SE

SMHN · XETRA
Industry
AI Advanced Packaging
Exchange
XETRA
Country
Germany
Employees
1,484
Website
www.suss.com
Current Price
€102.7
Live · Jun 18, 2026
Fair Buy
≤ €50
Margin-of-safety entry
Baillie Growth Score
42/100
Weak
Intrinsic Value · Three-Tier Range Current price €102.7 Live · Above the optimistic ceiling · future growth overdrawn

Composite valuation range · conservative €30–€40 / fair €45–€60 / optimistic €75–€90. At €102.7, Above the optimistic ceiling · future growth overdrawn.

At publication €92 (Jun 9, 2026)

Research on this stock
SÜSS MicroTec SE
SMHN · XETRA
Watch
SÜSS MicroTec (SMHN): A Niche Winner in Advanced Packaging Equipment, Good Company at a Bad Price

SÜSS MicroTec is a Germany-listed semiconductor equipment company focused on temporary bonding and debonding, UV exposure, coating and development tools for advanced packaging, plus photomask cleaning and handling systems. The core thesis is that AI chips and HBM create real long-term demand for its Advanced Backend Solutions business, but 2025's record €503.2 million in sales came with negative free cash flow and management defines 2026 as a transition year. Rating Watch: a quality cyclical business with credible niche barriers, but the current price already discounts too much future success.

AI Advanced Packaging Baillie 42 Jun 9, 2026
About the company

SUSS MicroTec SE, together with its subsidiaries, develops, manufactures, markets, and maintains systems to produce microelectronics, microelectromechanical systems, and related applications. It operates in two divisions, Advanced Backend Solutions and Photomask Solutions. The company provides mask aligners, coaters and developers, UV projection scanners, and temporary and permanent bonders for advanced packaging, micro electro-mechanical systems, compound semiconductors, and 3D integration markets. It also provides specialized systems for the cleaning and processing of photomasks for the semiconductor industry. The company operates in Europe, the Middle East, Africa, North America, and the Asia Pacific. The company was founded in 1949 and is headquartered in Garching bei Munchen, Germany.

Financial snapshot
Market cap€1.76B
Revenue (TTM)€464.8M
EBITDA€51.21M
Profit margin6.88%
ROE11.57%
P/E (TTM)31.19
Forward P/E25.58
PEG4.2
EPS€2.95
Dividend yield0.33%
52-week range€23.99 – €100.86

Data from EODHD, shown in the reporting currency; for reference only, not investment advice.

Background

History

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Industry position

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