1 / 11

Solar Technology Case

This case study delves into the financial data from the 2009 annual reports of SMA Solar Technology Group and Phoenix Solar Group. The analysis includes key figures such as profit and loss, balance sheet details, depreciation, CAPEX, IBL, and provisions. Peer comparison between SMA Solar Technology and Phoenix Solar Group is highlighted to provide a comprehensive view of the solar technology industry.

madge
Download Presentation

Solar Technology Case

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Solar Technology Case

  2. Financial data on SMA Solar Technology Group(Source: Bloomberg) (Assumption: Data isbased onDecember 31, 2009)

  3. Annual Report of SMA Solar Technology Group • Assumption: • 1) P&L • The P&L dataforDecember 31, 2009 and • December 31, 2008 canbeobtainedbydividingthe Q1 – Q3 financialfiguresby 3 andthanmultiplyingitby 4. • 2) Balance sheet • The balancesheetdataarebased on 12/31/2009 as well as 12/31/2008 andneed not tobeadjusted

  4. Annual Report of SMA Solar Technology Group 12/31/2009 12/31/2008

  5. Annual Report of SMA Solar Technology Group 12/31/2009 12/31/2008

  6. Additional Information on • SMA Solar Technology Group: • Depreciation and amortization for the entire financial year was €15.271 m (in 2009) and €8.205 m (in 2008) • CAPEX for the entire financial year : €14.143 m (in 2009) and €9.075 m (in 2008) • Peer groupof SMA Solar Technology Group is Phoenix Solar Group (bothcompanies • arelisted in the M DAX) • IBL in 2009 are based on the positions “financial liabilities” and “other financial liabilities” • i.e. 19.198m + 1.321m + 52.416m = 72.935m • - Provisions in 2009 are based on the position “other provisions” • i.e. 32.525m + 21.513m = 54.038m

  7. Financial data on Phoenix Solar group(Source: Bloomberg) (Assumption: Data isbased onDecember 31, 2009)

  8. Annual Report of Phoenix Solar Group • Assumption: • 1) P&L • The P&L dataforDecember 31, 2009 and • December 31, 2008 canbeobtainedbydividingthe Q1 – Q3 financialfiguresby 3 andthanmultiplyingitby 4. • 2) Balance sheet • The balancesheetdataarebased on 12/31/2009 as well as 12/31/2008 andneed not tobeadjusted

  9. Annual Report of Phoenix Solar Group 12/31/2008 12/31/2009

  10. Annual Report of Phoenix Solar Group 12/31/2008 12/31/2009

  11. Additional Information on • Phoenix Solar Group: • Peer groupof SMA Solar Technology Group is Phoenix Solar Group (bothcompanies • arelisted in the M DAX) • IBL in 2009 are based on the positions “non-current financial liabilities”, • “current financial liabilities” and “other financial liabilities” • i.e. 66 + 36 + 3,269 = 3,371 • Provisions in 2009 are based on the position “Non-current provisions” and • “Current provisions”; i.e. 1, 975 + 638 = 2,613

More Related