Palfinger
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Palfinger AG produces and sells lifting solutions worldwide. The last earnings update was 61 days ago. More info.
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PAL Share Price and Events
7 Day Returns
1 Year Returns
PAL Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| Palfinger (PAL) | 1.4% | 11.5% | 9.6% | -10.8% | 11.2% | 5.9% |
| AT Machinery | 3.4% | 7.8% | 3% | -7.9% | -13.1% | -11% |
| AT Market | 2.1% | 6.4% | 8.1% | -2.7% | 42.9% | 31.5% |
1 Year Return vs Industry and Market
- PAL underperformed the Machinery industry which returned -7.9% over the past year.
- PAL underperformed the Market in Austria which returned -2.7% over the past year.
Price Volatility
Related Companies
Value
Is Palfinger undervalued based on future cash flows and its price relative to the stock market?
Value is all about what a company is worth versus what price it is
available for. If you went into a grocery store and all the bananas were on sale
at half price, they could be considered
undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current
share
price of
Palfinger
to its discounted cash flow analysis.value.The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Below are the data sources, inputs and calculation used to determine the intrinsic value for Palfinger.
| Data Point | Source | Value |
|---|---|---|
| Valuation Model | 2 Stage Free Cash Flow to Equity | |
| Levered Free Cash Flow | Average of 6 Analyst Estimates (S&P Global) | See below |
| Discount Rate (Cost of Equity) | See below | 9.2% |
| Perpetual Growth Rate | 10-Year AT Government Bond Rate | 0.5% |
An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.
| Data Point | Calculation/ Source | Result |
|---|---|---|
| Risk-Free Rate | 10-Year AT Govt Bond Rate | 0.5% |
| Equity Risk Premium | S&P Global | 6.5% |
| Machinery Unlevered Beta | Simply Wall St/ S&P Global | 1.07 |
| Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.067 (1 + (1- 25%) (53.24%)) |
1.33 |
| Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
1.33 |
| Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.51% + (1.33 * 6.51%) |
9.17% |
Discounted Cash Flow Calculation for WBAG:PAL using 2 Stage Free Cash Flow to Equity Model
The calculations below outline how an intrinsic value for Palfinger is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.
| Levered FCF (EUR, Millions) | Source |
Present Value Discounted (@ 9.17%) |
|
|---|---|---|---|
| 2019 | 46.40 | Analyst x2 | 42.50 |
| 2020 | 93.10 | Analyst x3 | 78.11 |
| 2021 | 103.35 | Analyst x2 | 79.43 |
| 2022 | 115.70 | Analyst x1 | 81.45 |
| 2023 | 114.70 | Analyst x1 | 73.96 |
| 2024 | 114.18 | Est @ -0.46% | 67.44 |
| 2025 | 113.99 | Est @ -0.17% | 61.67 |
| 2026 | 114.03 | Est @ 0.04% | 56.51 |
| 2027 | 114.24 | Est @ 0.18% | 51.86 |
| 2028 | 114.55 | Est @ 0.28% | 47.64 |
| Present value of next 10 years cash flows | €640.59 | ||
| Calculation | Result | |
|---|---|---|
| Terminal Value |
= FCF2028
× (1 + g) ÷ (Discount Rate – g)
= €114.55 × (1 + 0.51%) ÷ (9.17% – 0.51%) |
€1,329.36 |
| Present Value of Terminal Value |
= Terminal Value ÷ (1 + r)10
= €1,329.36 ÷ (1 + 9.17%)10 |
€552.80 |
| Calculation | Result | |
|---|---|---|
| Total Equity Value |
= Present value of next 10 years cash flows +
Terminal Value
= €640.59 + €552.80 |
€1,193.39 |
| Equity Value per Share (EUR) |
= Total value / Shares Outstanding
= €1,193.39 / 37.59 |
€31.74 |
| Calculation | Result | |
|---|---|---|
| Value per share (EUR) | From above. | €31.74 |
| Current discount | Discount to share price of
€29.00
= -1 x (€29.00 - €31.74) / €31.74 |
8.6% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
Current Discount
Current Discount Checks
- Palfinger's share price is below the future cash flow value, but not at a moderate discount (< 20%).
- Palfinger's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for
it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing
when they are out of season, or how much your home is worth.The amount the stock market is willing to pay for Palfinger's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
Palfinger's earnings available for a low price, and how does
this compare to other companies in the same industry?
| Data Point | Source | Value |
|---|---|---|
| Earnings Per Share * | Company Filings (2018-12-31) in EUR | €1.54 |
| WBAG:PAL Share Price ** | WBAG (2019-04-18) in EUR | €29 |
| Europe Machinery Industry PE Ratio | Median Figure of 184 Publicly-Listed Machinery Companies | 16.49x |
| Austria Market PE Ratio | Median Figure of 52 Publicly-Listed Companies | 14.56x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of Palfinger.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = WBAG:PAL Share Price ÷ EPS (both in EUR) = 29 ÷ 1.54 |
18.81x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Palfinger is overvalued based on earnings compared to the Europe Machinery industry average.
- Palfinger is overvalued based on earnings compared to the Austria market.
Price based on expected Growth
Does
Palfinger's expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | 18.81x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts |
18.3%per year |
| Europe Machinery Industry PEG Ratio | Median Figure of 121 Publicly-Listed Machinery Companies | 1.96x |
| Austria Market PEG Ratio | Median Figure of 32 Publicly-Listed Companies | 1.28x |
*Line of best fit is calculated by linear regression .
| Calculation | Outcome | |
|---|---|---|
| PEG Ratio | = PE Ratio ÷ Net Income Annual Growth Rate = 18.81x ÷ 18.3% |
1.03x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Palfinger is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on
Palfinger's
assets?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2018-12-31) in EUR | €13.67 |
| WBAG:PAL Share Price * | WBAG (2019-04-18) in EUR | €29 |
| Austria Machinery Industry PB Ratio | Median Figure of 6 Publicly-Listed Machinery Companies | 1.75x |
| Austria Market PB Ratio | Median Figure of 60 Publicly-Listed Companies | 1.24x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = WBAG:PAL Share Price ÷ Book Value per Share (both in EUR) = 29 ÷ 13.67 |
2.12x |
* Primary Listing of Palfinger.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Palfinger is overvalued based on assets compared to the AT Machinery industry average.
Value checks
We assess Palfinger's value by looking at:- Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
- Is the PE ratio less than the market average, and/ or less than the Machinery industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Machinery industry average (and greater than 0)? (1 check) Palfinger has a total score of 0/6, see the detailed checks below.
Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.
Full details on the Value part of the Simply Wall St company analysis model.
Future Performance
How is Palfinger expected to perform in the next 1 to 3 years based on estimates from 6 analysts?
The future performance of a company is measured in the same way as past
performance, by looking at estimated
growth
and how much profit it is expected to make.Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Earnings growth vs Low Risk Savings
- Palfinger's earnings growth is expected to exceed the low risk savings rate of 0.5%.
Growth vs Market Checks
- Palfinger's earnings growth is expected to exceed the Austria market average.
- Palfinger's revenue growth is positive but not above the Austria market average.
Annual Growth Rates Comparison
| Data Point | Source | Value (per year) |
|---|---|---|
| WBAG:PAL Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts | 18.3% |
| WBAG:PAL Future Revenue Growth Rate | Line of Best Fit* through Consensus Estimate Revenue of 6 Analysts | 1.7% |
| Austria Machinery Industry Earnings Growth Rate | Market Cap Weighted Average | 20% |
| Europe Machinery Industry Revenue Growth Rate | Market Cap Weighted Average | 4.1% |
| Austria Market Earnings Growth Rate | Market Cap Weighted Average | 9.1% |
| Austria Market Revenue Growth Rate | Market Cap Weighted Average | 2.6% |
*Line of best fit is calculated by linear regression .
Industry and Market average data is calculated daily.
Learn more about our growth rate calculations in Simply Wall St’s analysis model.
Analysts growth expectations
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (3 months ago) | See Below |
| Future Estimates | Average of up to 6 Analyst Estimates (S&P Global) | See Below |
| Date (Data in EUR Millions) | Revenue | Cash Flow | Net Income * | Avg. No. Analysts |
|---|---|---|---|---|
| 2023-12-31 | 1,742 | 1 | ||
| 2022-12-31 | 1,701 | 1 | ||
| 2021-12-31 | 1,733 | 178 | 101 | 4 |
| 2020-12-31 | 1,697 | 172 | 94 | 6 |
| 2019-12-31 | 1,680 | 132 | 81 | 4 |
| Date (Data in EUR Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2018-12-31 | 1,616 | 127 | 58 |
| 2018-09-30 | 1,561 | 114 | 50 |
| 2018-06-30 | 1,519 | 132 | 49 |
| 2018-03-31 | 1,503 | 88 | 51 |
| 2017-12-31 | 1,471 | 92 | -11 |
| 2017-09-30 | 1,454 | 100 | 62 |
| 2017-06-30 | 1,445 | 76 | 60 |
| 2017-03-31 | 1,400 | 102 | 62 |
| 2016-12-31 | 1,357 | 110 | 61 |
| 2016-09-30 | 1,328 | 128 | 66 |
| 2016-06-30 | 1,289 | 138 | 70 |
| 2016-03-31 | 1,256 | 136 | 69 |
*GAAP earnings excluding extraordinary items.
Past and Future Earnings per Share
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (3 months ago) | See Below |
| Future Estimates | Average of up to 6 Analyst Estimates (S&P Global) | See Below |
All data from Palfinger Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in EUR Millions) | EPS * | EPS High Estimate | EPS Low Estimate | Avg. No. Analysts |
|---|---|---|---|---|
| 2023-12-31 | ||||
| 2022-12-31 | ||||
| 2021-12-31 | 2.68 | 2.95 | 2.18 | 3.00 |
| 2020-12-31 | 2.49 | 2.75 | 2.07 | 5.00 |
| 2019-12-31 | 2.14 | 2.33 | 1.86 | 4.00 |
| Date (Data in EUR Millions) | EPS * |
|---|---|
| 2018-12-31 | 1.54 |
| 2018-09-30 | 1.34 |
| 2018-06-30 | 1.31 |
| 2018-03-31 | 1.36 |
| 2017-12-31 | -0.30 |
| 2017-09-30 | 1.65 |
| 2017-06-30 | 1.60 |
| 2017-03-31 | 1.65 |
| 2016-12-31 | 1.63 |
| 2016-09-30 | 1.76 |
| 2016-06-30 | 1.87 |
| 2016-03-31 | 1.84 |
*GAAP earnings excluding extraordinary items.
Future performance checks
We assess Palfinger's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Austria market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Palfinger has a total score of 2/6, see the detailed checks below.
Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.
Full details on the Future part of the Simply Wall St company analysis model.
Past Performance
How has Palfinger performed over the past 5 years?
The past performance of a company can be measured by how much
growth
it has experienced and how much profit it makes relative to the funds and assets
it has available.
Past earnings growth
Past Earnings growth analysis
- Palfinger's year on year earnings growth rate has been positive over the past 5 years.
- Palfinger has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.
- Palfinger has become profitable in the last year making it difficult to compare the Europe Machinery industry average.
Earnings and Revenue History
All data from Palfinger Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in EUR Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 2018-12-31 | 1,615.63 | 57.95 | 245.35 | 34.14 |
| 2018-09-30 | 1,560.59 | 50.31 | 236.12 | 33.14 |
| 2018-06-30 | 1,519.19 | 49.11 | 233.64 | 31.70 |
| 2018-03-31 | 1,503.43 | 51.01 | 228.57 | 30.55 |
| 2017-12-31 | 1,471.08 | -11.42 | 227.49 | 29.37 |
| 2017-09-30 | 1,453.51 | 61.94 | 225.10 | 26.87 |
| 2017-06-30 | 1,445.19 | 60.06 | 221.72 | 26.91 |
| 2017-03-31 | 1,400.13 | 61.93 | 216.49 | 26.76 |
| 2016-12-31 | 1,357.01 | 61.17 | 207.09 | 26.66 |
| 2016-09-30 | 1,327.57 | 65.98 | 199.47 | 26.45 |
| 2016-06-30 | 1,289.27 | 69.61 | 190.61 | 25.23 |
| 2016-03-31 | 1,256.35 | 68.56 | 184.84 | 24.72 |
| 2015-12-31 | 1,229.89 | 64.37 | 179.11 | 24.22 |
| 2015-09-30 | 1,179.87 | 53.88 | 175.99 | 24.33 |
| 2015-06-30 | 1,138.45 | 48.01 | 170.08 | 25.44 |
| 2015-03-31 | 1,091.75 | 40.64 | 166.99 | 24.95 |
| 2014-12-31 | 1,063.42 | 38.16 | 164.04 | 25.25 |
| 2014-09-30 | 1,047.08 | 42.15 | 158.74 | 23.16 |
| 2014-06-30 | 1,036.74 | 43.99 | 157.26 | 22.59 |
| 2014-03-31 | 1,018.88 | 44.99 | 152.76 | 22.62 |
| 2013-12-31 | 980.67 | 44.04 | 150.77 | 22.15 |
| 2013-09-30 | 963.06 | 42.96 | 149.73 | 21.79 |
| 2013-06-30 | 945.25 | 41.24 | 144.71 | 21.32 |
| 2013-03-31 | 937.08 | 40.76 | 141.90 | 20.54 |
| 2012-12-31 | 935.22 | 40.41 | 140.77 | 20.08 |
| 2012-09-30 | 912.96 | 41.04 | 168.32 | 16.68 |
| 2012-06-30 | 899.55 | 43.24 | 188.77 | 10.99 |
*GAAP earnings excluding extraordinary items.
Performance last year
We want to ensure a company is making the most of what it has available. This is
done by comparing the return (profit) to a company's available
funds,
assets
and
capital.
- Palfinger has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
- Palfinger used its assets less efficiently than the Europe Machinery industry average last year based on Return on Assets.
- Palfinger has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
Past performance checks
We assess Palfinger's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Machinery industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
Palfinger has a total score of 2/6, see the detailed checks below.
Note: We use GAAP Net Income excluding extraordinary items in all our calculations.
Full details on the Past part of the Simply Wall St company analysis model.
Health
How is Palfinger's financial health and their level of debt?
A company's financial position is much like your own financial position,
it includes everything you own
(assets)
and owe
(liabilities).The boxes below represent the relative size of what makes up Palfinger's finances.
The net worth of a company is the difference between its assets and liabilities.
- Palfinger is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
- Palfinger's cash and other short term assets cover its long term commitments.
Balance sheet
Assets
Liabilities and shares
- High level of physical assets or inventory.
- Debt is covered by short term assets, assets are 1.2x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t
bad,
however if the debt is too high, or the company can’t afford to pay the interest
on its debts this may have impacts in the future.The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.
If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
All data from Palfinger Company Filings, last reported 3 months ago.
| Date (Data in EUR Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2018-12-31 | 555.73 | 580.38 | 35.12 |
| 2018-09-30 | 608.08 | 598.60 | 40.28 |
| 2018-06-30 | 598.28 | 579.83 | 33.92 |
| 2018-03-31 | 568.78 | 601.98 | 33.87 |
| 2017-12-31 | 511.78 | 592.23 | 40.17 |
| 2017-09-30 | 579.28 | 607.55 | 50.43 |
| 2017-06-30 | 568.35 | 631.60 | 60.35 |
| 2017-03-31 | 573.94 | 605.45 | 41.22 |
| 2016-12-31 | 579.92 | 584.72 | 33.92 |
| 2016-09-30 | 551.89 | 594.78 | 34.82 |
| 2016-06-30 | 540.94 | 568.59 | 33.15 |
| 2016-03-31 | 505.58 | 404.49 | 21.92 |
| 2015-12-31 | 510.66 | 405.54 | 21.55 |
| 2015-09-30 | 509.72 | 438.10 | 19.46 |
| 2015-06-30 | 518.82 | 438.90 | 21.14 |
| 2015-03-31 | 499.10 | 458.21 | 24.59 |
| 2014-12-31 | 454.65 | 412.42 | 20.76 |
| 2014-09-30 | 478.01 | 401.73 | 24.46 |
| 2014-06-30 | 460.85 | 373.01 | 24.98 |
| 2014-03-31 | 386.43 | 289.78 | 16.30 |
| 2013-12-31 | 385.91 | 235.90 | 15.97 |
| 2013-09-30 | 381.24 | 258.65 | 13.43 |
| 2013-06-30 | 375.57 | 256.39 | 14.58 |
| 2013-03-31 | 363.46 | 253.42 | 18.73 |
| 2012-12-31 | 364.87 | 249.24 | 24.48 |
| 2012-09-30 | 367.10 | 212.44 | 10.56 |
| 2012-06-30 | 360.71 | 215.36 | 12.47 |
- Palfinger's level of debt (104.4%) compared to net worth is high (greater than 40%).
- The level of debt compared to net worth has increased over the past 5 years (61.3% vs 104.4% today).
- Debt is well covered by operating cash flow (21.8%, greater than 20% of total debt).
- Interest payments on debt are well covered by earnings (EBIT is 10.5x coverage).
Financial health checks
We assess Palfinger's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) Palfinger has a total score of 4/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
Full details on the Health part of the Simply Wall St company analysis model.
Dividends
What is Palfinger's current dividend yield, its reliability and sustainability?
Dividends are regular cash payments to you from the company, similar to a
bank paying you interest on a savings account.
Annual Dividend Income
If you bought
€2,000 of
Palfinger
shares you are expected to receive
€35
in your first year as a dividend.
Dividend Amount
- Palfinger's pays a higher dividend yield than the bottom 25% of dividend payers in Austria (1.37%).
- Palfinger's dividend is below the markets top 25% of dividend payers in Austria (4.59%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not
wildly increasing/decreasing each year. This graph shows you the historical rate
to count toward your assessment of the stock.We also check to see if the dividend has increased in the past 10 years.
| Data Point | Source | Value |
|---|---|---|
| Past Annualized Dividend Yield | S&P Global Market Data | See Below |
| Past Dividends per Share | Company Filings/ Annualized Dividend Payments | See Below |
| Future Dividends per Share Estimates | Average of up to 6 Analyst Estimates (S&P Global) | See Below |
| Europe Machinery Industry Average Dividend Yield | Market Cap Weighted Average of 141 Stocks | 2.5% |
| Austria Market Average Dividend Yield | Market Cap Weighted Average of 50 Stocks | 3.3% |
| Austria Minimum Threshold Dividend Yield | 10th Percentile | 0.9% |
| Austria Bottom 25% Dividend Yield | 25th Percentile | 1.4% |
| Austria Top 25% Dividend Yield | 75th Percentile | 4.6% |
Industry and Market average data is calculated daily.
Note all dividend per share amounts are annualized and not quarterly or other period.
| Date (Data in €) | Dividend per Share (annual) | Avg. No. Analysts |
|---|---|---|
| 2023-12-31 | ||
| 2022-12-31 | ||
| 2021-12-31 | 0.94 | 4.00 |
| 2020-12-31 | 0.82 | 6.00 |
| 2019-12-31 | 0.71 | 5.00 |
| Date (Data in €) | Dividend per share (annual) | Avg. Yield (%) |
|---|---|---|
| 2019-02-18 | 0.510 | 1.970 |
| 2018-02-08 | 0.470 | 1.596 |
| 2017-02-09 | 0.570 | 1.530 |
| 2017-02-07 | 0.570 | 1.723 |
| 2016-02-05 | 0.780 | 2.928 |
| 2015-11-02 | 0.360 | 1.393 |
| 2015-07-30 | 0.360 | 1.441 |
| 2015-02-09 | 0.340 | 1.321 |
| 2015-02-06 | 0.340 | 1.417 |
| 2014-02-19 | 0.410 | 1.728 |
| 2014-02-18 | 0.410 | 1.296 |
| 2013-02-13 | 0.380 | 1.501 |
| 2013-01-15 | 0.380 | 1.866 |
| 2012-08-09 | 0.380 | 2.277 |
| 2012-02-16 | 0.380 | 2.122 |
| 2012-01-16 | 0.380 | 2.256 |
| 2011-04-15 | 0.220 | 1.237 |
| 2011-02-25 | 0.220 | 0.836 |
| 2011-01-25 | 0.220 | 0.818 |
| 2010-11-11 | 0.000 | 0.000 |
| 2010-11-02 | 0.000 | 0.000 |
| 2010-08-11 | 0.000 | 0.000 |
| 2010-05-11 | 0.000 | 0.000 |
| 2010-02-24 | 0.000 | 0.000 |
| 2010-01-25 | 0.000 | 0.000 |
| 2009-04-21 | 0.390 | 2.855 |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
- Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of
Palfinger's earnings are
paid
to the shareholders as a dividend.
- Dividends paid are well covered by earnings (3x coverage).
- Dividends after 3 years are expected to be well covered by earnings (3.1x coverage).
Income/ dividend checks
We assess Palfinger's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 0.9%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- How sustainable is the dividend, can Palfinger afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) Palfinger has a total score of 4/6, see the detailed checks below.
Full details on the Dividends part of the Simply Wall St company analysis model.
Management
CEO
| COMPENSATION | €874,898 |
| AGE | 53 |
| TENURE AS CEO | 0.8 years |
CEO Bio
Mr. Andreas Klauser has been the Chief Executive Officer at Palfinger AG since June 1, 2018 and its Member of Management Board/Member of the Executive Board since 2018. Mr. Klauser serves as Brand President of Case IH & Steyr at Iveco Magirus Brandschutz Technik Gmbh. He has been the President of Case IH Agricultural Equipment at CNH Global N.V. since December 1, 2009. He has been the Chief Executive Officer and President of Case IH since October 2009. He was General Manager of Magirus at CNH Industrial N.V. from January 1, 2016 to 2018 and was its Brand President of Case IH & Steyr Agricultural Equipment from December 2009 to 2018. He serves as the Chief Operating Officer of EMEA at Fiat Industrial SpA. He joined the Group Executive Council of CNH Industrial. He served as the Chief Operating Officer of EMEA at CNH Industrial NV and a member of The Group Executive Council. From 2012 to 2015 he served as Chief Operating Officer for CNH Industrial for the EMEA region. Mr. Klauser heads Case IH Agricultural Equipment business in Europe and has been with CNH Global NV for 19 years. He served as the Chief Executive Officer of Case IH Agricultural Equipment In at CNH Global NV since November 30, 2009. He has extensive experience in the agricultural sector. Mr. Klauser holds a degree from Steyr's HTBLA program, a Federal Higher Technical Institute for Mechanical Engineering and a Degree in Export Business from the University of Linz.
CEO Compensation
- Insufficient data for Andreas to compare compensation growth.
- Andreas's remuneration is lower than average for companies of similar size in Austria.
Management Team Tenure
Average tenure and age of the Palfinger management team in years:
- The tenure for the Palfinger management team is about average.
Management Team
Andreas Klauser
CEO & Member of Management Board
€875K
53
0.8 yrs
Felix Strohbichler
CFO & Member of the Management Board
€749K
44
1.5 yrs
Martin Zehnder
COO, CTO & Member of the Executive Board
€869K
51
11.3 yrs
Hannes Roither
Investor Relations Officer
Gerald Pschernig
Managing Director of Business Unit Cranes
Hans Friedrich
Head of Forest & Recycling Crane Division and Managing Director of Epsilon
Michael Berger
Head of Corporate HR
2.4 yrs
Lennart Brelin
President of Consolidated Americas Region
2.7 yrs
Mafika Mkhwanazi
Executive Officer of Orlyfunt
Wolfgang Pilz
Consultant
€695K
59
Board of Directors Tenure
Average tenure and age of the Palfinger board of directors in years:
- The tenure for the Palfinger board of directors is about average.
Board of Directors
Hubert Palfinger
Chairman of the Supervisory Board
49
5.3 yrs
Hannes Palfinger
2nd Deputy Chairman of the Supervisory Board
45
5.3 yrs
Gerhard Rauch
1st Deputy Chairman of the Supervisory Board
55
2.8 yrs
Hannes Bogner
Member of the Supervisory Board
59
2.1 yrs
Erwin Asen
Member of the Supervisory Board
47
1.3 yrs
Alois Weiss
Member of the Supervisory Board
56
13.2 yrs
Heinrich Kiener
Member of the Supervisory Board
62
8.1 yrs
Johannes Kücher
Member of the Supervisory Board
55
4.2 yrs
Ellyn Cai
Member of the Supervisory Board
32
1.1 yrs
Who owns this company?
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price (€) | Value (€) | |
|---|---|---|---|---|---|---|---|---|---|---|
Management checks
We assess Palfinger's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) Palfinger has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.
Note: We use the top 6 management executives and board members in our calculations.
Note 2: Insider trading include any internal stakeholders and these transactions .
Full details on the Management part of the Simply Wall St company analysis model.
News
Simply Wall St News
Calculating The Fair Value Of Palfinger AG (VIE:PAL)
Today we will run through one way of estimating the intrinsic value of Palfinger AG (VIE:PAL). … by taking the foreast future cash flows of the company and discounting them back to today's value. … We generally believe that a company's value is the present value of all of the cash it will generate in the future.
Simply Wall St - – Full articleHow Does Palfinger AG (VIE:PAL) Affect Your Portfolio Volatility?
Modern finance theory considers volatility to be a measure of risk, and there are two main types of price volatility. … Beta is a widely used metric to measure a stock's exposure to market risk (volatility). … Before we go on, it's worth noting that Warren Buffett pointed out in his 2014 letter to shareholders that 'volatility is far from synonymous with risk.' Having said that, beta can still be rather useful.
Simply Wall St - – Full articleIs Palfinger AG (VIE:PAL) An Attractive Dividend Stock?
A large part of investment returns can be generated by dividend-paying stock given their role in compounding returns over time. … Historically, Palfinger AG (VIE:PAL) has paid dividends to shareholders, and these days it yields 2.0%. … Does Palfinger tick all the boxes of a great dividend stock?
Simply Wall St - – Full articleOnly 2 Days Left Until Palfinger AG (VIE:PAL) Trades Ex-Dividend
Palfinger AG (VIE:PAL) will be distributing its dividend of €0.51 per share on the 26 March 2019, and will start trading ex-dividend in 2 days time on the 22 March 2019. … Whenever I am looking at a potential dividend stock investment, I always check these five metrics:? … Has it consistently paid a stable dividend without missing a payment or drastically cutting payout?
Simply Wall St - – Full articleWhat Do Analysts Think About Palfinger AG's (VIE:PAL) Future?
After Palfinger AG's (VIE:PAL) earnings announcement on 31 December 2018, … as a 38% increase in profits is expected in the upcoming year, … the past 5-year average growth rate of 1.6%.
Simply Wall St - – Full articleHow Palfinger AG (VIE:PAL) Could Add Value To Your Portfolio
Building up an investment case requires looking at a stock holistically. … Today I've chosen to put the spotlight on Palfinger AG (VIE:PAL) due to its excellent fundamentals in more than one area. … that has been able to sustain great financial health over the past
Simply Wall St - – Full articlePalfinger AG (VIE:PAL): Time For A Financial Health Check
Palfinger AG (VIE:PAL) is a small-cap stock with a market capitalization of €936m. … While investors primarily focus on the growth potential and competitive landscape of the small-cap companies, they end up ignoring a key aspect, which could be the biggest threat to its existence: its financial health. … So, understanding the company's financial health becomes
Simply Wall St - – Full articleTaking A Look At Palfinger AG's (VIE:PAL) ROE
With that in mind, this article will work through how we can use Return On Equity (ROE) to better understand a business. … That means that for every €1 worth of shareholders' equity, it generated €0.11 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity
Simply Wall St - – Full articleIs Palfinger AG (VIE:PAL) Investing Effectively In Its Business?
To be precise, we'll consider its Return On Capital Employed (ROCE), as that will inform our view of the quality of the business. … What is Return On Capital Employed (ROCE)? … ROCE is a measure of a company's yearly pre-tax profit (its return), relative to the capital employed in the business.
Simply Wall St - – Full articleDespite Its High P/E Ratio, Is Palfinger AG (VIE:PAL) Still Undervalued?
This article is written for those who want to get better at using price to earnings ratios (P/E ratios). … To keep it practical, we'll show how Palfinger AG's (VIE:PAL) P/E ratio could help you assess the value on offer. … Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS)
Simply Wall St - – Full articleCompany Info
Description
Palfinger AG produces and sells lifting solutions worldwide. The company operates through two segments, LAND and SEA. The SEA segment offers marine cranes, offshore cranes, davits, boats, lifesaving equipment, winches and offshore equipment, wind cranes, and rope access products, as well as related services. The LAND segment provides loader cranes, timber and recycling cranes, telescopic cranes, mobile cranes, stiff boom cranes, tail lifts, access platforms, hooklifts and skiploaders, truck mounted forklifts, passenger lifts, bridge inspection units, and railway systems. The company also offers contract manufacturing services, including steel construction, cylinder production, chrome and nickel chrome plating, KTL cathotic dip coating and spray painting, and assembly and pre-assembly of subsystems or assemblies; and spare parts, training, project engineering, and customer services. It serves various industries, such as construction, cruise, infrastructure, maintenance, marine, mining, navy and coast guard, offshore, oil and gas, railway, recycling and waste management, rental, shipping, forestry and agriculture, transport and logistics, and wind energy, as well as local authorities. The company provides its products and services through a network of approximately 5,000 outlets in 130 countries; and 200 independent general importers. Palfinger AG was founded in 1932 and is headquartered in Bergheim, Austria. Palfinger AG is a subsidiary of The Palfinger Family.
Details
| Name: | Palfinger AG |
| PAL | |
| Exchange: | WBAG |
| Founded: | 1932 |
| €1,090,204,482 | |
| 37,593,258 | |
| Website: | http://www.palfinger.ag |
| Address: |
Palfinger AG Lamprechtshausener Bundesstrasse 8, Bergheim, Salzburg, 5101, Austria |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| WBAG | PAL | Bearer Shares | Wiener Boerse AG | AT | EUR | 04. Jun 1999 | |
| OTCPK | PLFR.F | Bearer Shares | Pink Sheets LLC | US | USD | 04. Jun 1999 | |
| DB | PFI | Bearer Shares | Deutsche Boerse AG | DE | EUR | 04. Jun 1999 | |
| LSE | 0MJ1 | Bearer Shares | London Stock Exchange | GB | EUR | 04. Jun 1999 | |
| BATS-CHIXE | PALV | Bearer Shares | BATS 'Chi-X Europe' | GB | EUR | 04. Jun 1999 | |
| OTCPK | PLFR.Y | SPONSORED ADR | Pink Sheets LLC | US | USD | 13. Apr 2005 |
Number of employees
Current staff
Industry
| Construction Machinery and Heavy Trucks | |
| Capital Goods |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/04/20 20:34 |
| End of day share price update: | 2019/04/18 00:00 |
| Last estimates confirmation: | 2019/04/10 |
| Last earnings filing: | 2019/02/18 |
| Last earnings reported: | 2018/12/31 |
| Last annual earnings reported: | 2018/12/31 |
All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.
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.
