WBAG:PYT

Stock Analysis Report

Executive Summary

Polytec Holding AG, together with its subsidiaries, develops and manufactures plastic components for the automotive and plastics industry worldwide.

Snowflake

Fundamentals

Undervalued average dividend payer.


Similar Companies

Share Price & News

How has Polytec Holding's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

0.1%

PYT

7.7%

AT Auto Components

3.0%

AT Market


1 Year Return

-14.8%

PYT

-11.1%

AT Auto Components

-4.8%

AT Market

Return vs Industry: PYT underperformed the Austrian Auto Components industry which returned -11.1% over the past year.

Return vs Market: PYT underperformed the Austrian Market which returned -4.8% over the past year.


Shareholder returns

PYTIndustryMarket
7 Day0.1%7.7%3.0%
30 Day-4.5%-4.0%-0.7%
90 Day-5.6%2.5%1.4%
1 Year-11.1%-14.8%-7.8%-11.1%-1.3%-4.8%
3 Year12.8%2.5%-11.2%-18.5%43.8%30.8%
5 Year54.6%31.0%21.7%7.8%67.8%43.6%

Price Volatility Vs. Market

How volatile is Polytec Holding's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Polytec Holding undervalued compared to its fair value and its price relative to the market?

16.5%

Undervalued compared to fair value


Share Price vs. Fair Value

Undervalued: PYT (€8.2) is trading below our estimate of fair value (€9.82)

Significantly Undervalued: PYT is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: PYT is good value based on its PE Ratio (7.9x) compared to the Auto Components industry average (10.3x).

PE vs Market: PYT is good value based on its PE Ratio (7.9x) compared to the Austrian market (14.3x).


Price to Earnings Growth Ratio

Low PEG Ratio: PYT is good value based on its PEG Ratio (0.8x)


Price to Book Ratio

PB vs Industry: PYT is good value based on its PB Ratio (0.8x) compared to the XE Auto Components industry average (1.1x).


Next Steps

Future Growth

How is Polytec Holding forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?

10.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: PYT's forecast earnings growth (10.4% per year) is above the savings rate (0.5%).

Earnings vs Market: PYT's earnings (10.4% per year) are forecast to grow faster than the Austrian market (8.5% per year).

High Growth Earnings: PYT's earnings are forecast to grow, but not significantly.

Revenue vs Market: PYT's revenue (3.6% per year) is forecast to grow faster than the Austrian market (3% per year).

High Growth Revenue: PYT's revenue (3.6% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

High Future ROE: PYT's Return on Equity is forecast to be low in 3 years time (10.9%).


Next Steps

Past Performance

How has Polytec Holding performed over the past 5 years?

13.9%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: PYT's earnings have grown by 13.9% per year over the past 5 years.

Accelerating Growth: PYT's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: PYT had negative earnings growth (-28.7%) over the past year, making it difficult to compare to the Auto Components industry average (-6.3%).


Return on Equity

High ROE: PYT's Return on Equity (10%) is considered low.


Return on Assets

ROA vs Industry: PYT's Return on Assets is below or equal to the Auto Components industry average last year.


Return on Capital Employed

ROCE Improving: PYT's Return on Capital Employed has declined over the past 3 years.


Next Steps

Financial Health

How is Polytec Holding's financial position?


Financial Position Analysis

Short Term Liabilities: PYT's short term assets (€307.2M) exceeds its short term liabilities (€167.0M)

Long Term Liabilities: PYT's short term assets (307.2M) exceeds its long term liabilities (196.3M)


Debt to Equity History and Analysis

Debt Level: PYT's debt to equity ratio (89.6%) is considered high

Reducing Debt: PYT's debt to equity ratio has increased from 22.5% to 89.6% over the past 5 years.

Debt Coverage: PYT's debt is not well covered by operating cash flow (11.2%).

Interest Coverage: PYT's interest payments on its debt are well covered by EBIT (10.2x coverage).


Balance Sheet

Inventory Level: PYT has a high level of physical assets or inventory.

Debt Coverage by Assets: PYT's debt is covered by short term assets (assets are 1.431090x debt).


Next Steps

Dividend

What is Polytec Holding's current dividend yield, its reliability and sustainability?

4.88%

Current Dividend Yield


Dividend Yield vs Market

company4.9%marketbottom25%1.6%markettop25%4.4%industryaverage3.7%forecastin3Years4.7%

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: PYT's dividend (4.88%) is higher than the bottom 25% of dividend payers in the Austrian market (1.58%).

High Dividend: PYT's dividend (4.88%) is in the top 25% of dividend payers in the Austrian market (4.44%)

Stable Dividend: PYT has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: PYT's dividend payments have increased, but the company has only paid a dividend for 8 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (38.3%), PYT's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: PYT's dividends in 3 years are forecast to be well covered by earnings (30.3% payout ratio).


Next Steps

Management

What is the CEO of Polytec Holding's salary, the management and board of directors tenure and is there insider trading?

0.8yrs

Average management tenure


CEO

Markus Huemer (38yo)

0.8yrs

Tenure

€440,000

Compensation

Mr. Markus Huemer has been Chief Executive Officer of Polytec Holding AG since January 1, 2019 and also serves as Chairman of the Board since January 01, 2019. Mr. Huemer served as Chief Operating Officer  ...


CEO Compensation Analysis

Compensation vs. Market: Markus has recently become CEO, making it difficult to compare their total compensation against companies of similar size in the Austrian market.

Compensation vs Earnings: Markus's compensation has been consistent with company performance over the past year.


Management Age and Tenure

0.8yrs

Average Tenure

52.5yo

Average Age

Experienced Management: PYT's management team is not considered experienced ( 0.8 years average tenure), which suggests a new team.


Board Age and Tenure

12.3yrs

Average Tenure

67yo

Average Age

Experienced Board: PYT's board of directors are seasoned and experienced ( 12.3 years average tenure).


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown


Management Team

  • Ulrike Huemer (60yo)

    Head of Industrial Division

    • Tenure: 0yrs
  • Friedrich Huemer (62yo)

    • Tenure: 0.8yrs
    • Compensation: €1.10m
  • Peter Bernscher (51yo)

    CSO & Director

    • Tenure: 1.2yrs
    • Compensation: €371.20k
  • Peter Haidenek (54yo)

    CFO & Director

    • Tenure: 8.7yrs
    • Compensation: €277.00k
  • Markus Huemer (38yo)

    Chairman of the Board & CEO

    • Tenure: 0.8yrs
    • Compensation: €440.00k
  • Michael Pausch

    Head of Product Development Composites

    • Tenure: 0yrs
  • Paul Rettenbacher

    Head of Investor Relations

    • Tenure: 0yrs
  • Heiko Gabbert (51yo)

    COO & Director

    • Tenure: 0.8yrs

Board Members

  • Robert Büchelhofer (77yo)

    Member of Supervisory Board

    • Tenure: 14.8yrs
  • Viktoria Kickinger (67yo)

    Member of Supervisory Board

    • Tenure: 13.5yrs
  • Fred Duswald (52yo)

    Chairman of the Supervisory Board

    • Tenure: 12.3yrs
  • Manfred Trauth (71yo)

    Deputy Chairman of the Supervisory Board

    • Tenure: 12.3yrs
  • Reinhard Schwendtbauer (47yo)

    Member of Supervisory Board

    • Tenure: 9.7yrs

Company Information

Polytec Holding AG's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Polytec Holding AG
  • Ticker: PYT
  • Exchange: WBAG
  • Founded: 1986
  • Industry: Auto Parts and Equipment
  • Sector: Automobiles
  • Market Cap: €180.363m
  • Shares outstanding: 22.00m
  • Website: https://www.polytec-group.com

Number of Employees


Location

  • Polytec Holding AG
  • Polytec-Strasse 1
  • Hörsching
  • Upper Austria
  • 4063
  • Austria

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
PYTWBAG (Wiener Boerse AG)YesOrdinary SharesATEURApr 2006
P4NDB (Deutsche Boerse AG)YesOrdinary SharesDEEURApr 2006
0GOXLSE (London Stock Exchange)YesOrdinary SharesGBEURApr 2006
PYTVBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBEURApr 2006

Biography

Polytec Holding AG, together with its subsidiaries, develops and manufactures plastic components for the automotive and plastics industry worldwide. The company offers passenger car engine parts, including ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/15 20:45
End of Day Share Price2019/10/15 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.