WBAG:PAL

Stock Analysis Report

Executive Summary

Palfinger AG produces and sells lifting solutions worldwide.

Snowflake

Fundamentals

Solid track record with adequate balance sheet and pays a dividend.


Similar Companies

Share Price & News

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


Latest Share Price and Events

Stable Share Price: PAL's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

6.4%

PAL

1.0%

AT Machinery

-0.1%

AT Market


1 Year Return

12.1%

PAL

-1.6%

AT Machinery

2.9%

AT Market

Return vs Industry: PAL exceeded the Austrian Machinery industry which returned -1.6% over the past year.

Return vs Market: PAL exceeded the Austrian Market which returned 2.9% over the past year.


Shareholder returns

PALIndustryMarket
7 Day6.4%1.0%-0.1%
30 Day15.3%12.5%5.3%
90 Day31.1%29.7%8.1%
1 Year14.3%12.1%1.9%-1.6%6.7%2.9%
3 Year9.2%3.8%-6.5%-14.4%46.1%32.9%
5 Year65.9%52.1%8.9%-6.0%69.2%45.4%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

14.5x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: PAL (€28.25) is trading above our estimate of fair value (€25.07)

Significantly Below Fair Value: PAL is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: PAL is good value based on its PE Ratio (14.5x) compared to the Machinery industry average (16.2x).

PE vs Market: PAL is poor value based on its PE Ratio (14.5x) compared to the Austrian market (14.5x).


Price to Earnings Growth Ratio

PEG Ratio: PAL is poor value based on its PEG Ratio (1.4x)


Price to Book Ratio

PB vs Industry: PAL is overvalued based on its PB Ratio (1.9x) compared to the AT Machinery industry average (1.6x).


Next Steps

Future Growth

How is Palfinger forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?

10.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: PAL's forecast earnings growth (10.2% per year) is above the savings rate (0.5%).

Earnings vs Market: PAL's earnings (10.2% per year) are forecast to grow faster than the Austrian market (8.6% per year).

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

Revenue vs Market: PAL's revenue (2% per year) is forecast to grow slower than the Austrian market (2.8% per year).

High Growth Revenue: PAL's revenue (2% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: PAL's Return on Equity is forecast to be low in 3 years time (14.7%).


Next Steps

Past Performance

How has Palfinger performed over the past 5 years?

0.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: PAL has high quality earnings.

Growing Profit Margin: PAL's current net profit margins (4.2%) are higher than last year (3.2%).


Past Earnings Growth Analysis

Earnings Trend: PAL's earnings have grown by 0.6% per year over the past 5 years.

Accelerating Growth: PAL's earnings growth over the past year (45.6%) exceeds its 5-year average (0.6% per year).

Earnings vs Industry: PAL earnings growth over the past year (45.6%) exceeded the Machinery industry 4.3%.


Return on Equity

High ROE: PAL's Return on Equity (15.6%) is considered low.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Palfinger's financial position?


Financial Position Analysis

Short Term Liabilities: PAL's short term assets (€753.6M) exceeds its short term liabilities (€482.0M)

Long Term Liabilities: PAL's short term assets (753.6M) exceeds its long term liabilities (574.6M)


Debt to Equity History and Analysis

Debt Level: PAL's debt to equity ratio (94.9%) is considered high

Reducing Debt: PAL's debt to equity ratio has increased from 81.8% to 94.9% over the past 5 years.

Debt Coverage: PAL's debt is well covered by operating cash flow (20.3%).

Interest Coverage: PAL's interest payments on its debt are well covered by EBIT (13.1x coverage).


Balance Sheet

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

Debt Coverage by Assets: PAL's debt is covered by short term assets (assets are 1.3x debt).


Next Steps

Dividend

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

1.81%

Current Dividend Yield


Dividend Yield vs Market

company1.8%marketbottom25%1.7%markettop25%4.2%industryaverage2.8%forecastin3Years2.9%

Current dividend yield vs market & industry

Notable Dividend: PAL's dividend (1.81%) is higher than the bottom 25% of dividend payers in the Austrian market (1.69%).

High Dividend: PAL's dividend (1.81%) is low compared to the top 25% of dividend payers in the Austrian market (4.17%).


Stability and Growth of Payments

Stable Dividend: PAL's dividend payments have been volatile in the past 10 years.

Growing Dividend: PAL's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (26.2%), PAL's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: PAL's dividends in 3 years are forecast to be well covered by earnings (32.9% payout ratio).


Next Steps

Management

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

3.0yrs

Average management tenure


CEO

Andreas Klauser (54yo)

1.4yrs

Tenure

€874,898

Compensation

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 Presiden ...


CEO Compensation Analysis

Compensation vs Market: Andreas's total compensation ($USD963.54K) is about average for companies of similar size in the Austrian market ($USD1.16M).

Compensation vs Earnings: Insufficient data to compare Andreas's compensation with company performance.


Management Age and Tenure

3.0yrs

Average Tenure

53yo

Average Age

Experienced Management: PAL's management team is considered experienced (3 years average tenure).


Board Age and Tenure

4.8yrs

Average Tenure

56yo

Average Age

Experienced Board: PAL's board of directors are considered experienced (4.8 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

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Management Team

  • Wolfgang Pilz (60yo)

    Consultant

    • Tenure: 0yrs
  • Mafika Mkhwanazi

    Executive Officer of Orlyfunt

    • Tenure: 0yrs
  • Felix Strohbichler (45yo)

    CFO & Member of the Management Board

    • Tenure: 2.1yrs
    • Compensation: €749.00k
  • Hannes Roither

    Investor Relations Officer

    • Tenure: 0yrs
  • Gerald Pschernig

    Managing Director of Business Unit Cranes

    • Tenure: 0yrs
  • Hans Friedrich

    Head of Forest & Recycling Crane Division and Managing Director of Epsilon

    • Tenure: 0yrs
  • Martin Zehnder (52yo)

    COO, CTO & Member of the Executive Board

    • Tenure: 11.8yrs
    • Compensation: €869.00k
  • Andreas Klauser (54yo)

    CEO & Member of Management Board

    • Tenure: 1.4yrs
    • Compensation: €874.90k
  • Lennart Brelin

    President of Consolidated Americas Region

    • Tenure: 3.3yrs
  • Michael Berger

    Head of Corporate HR

    • Tenure: 3yrs

Board Members

  • Hannes Bogner (60yo)

    Member of the Supervisory Board

    • Tenure: 2.7yrs
  • Erwin Asen (48yo)

    Member of the Supervisory Board

    • Tenure: 1.9yrs
  • Alois Weiss (57yo)

    Member of the Supervisory Board

    • Tenure: 13.8yrs
  • Hubert Palfinger (50yo)

    Chairman of the Supervisory Board

    • Tenure: 5.9yrs
  • Hannes Palfinger (46yo)

    2nd Deputy Chairman of the Supervisory Board

    • Tenure: 5.9yrs
  • Heinrich Kiener (63yo)

    Member of the Supervisory Board

    • Tenure: 8.7yrs
  • Johannes Kücher (56yo)

    Member of the Supervisory Board

    • Tenure: 4.8yrs
  • Gerhard Rauch (56yo)

    1st Deputy Chairman of the Supervisory Board

    • Tenure: 3.4yrs
  • Ellyn Cai (33yo)

    Member of the Supervisory Board

    • Tenure: 1.7yrs

Company Information

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


Key Information

  • Name: Palfinger AG
  • Ticker: PAL
  • Exchange: WBAG
  • Founded: 1932
  • Industry: Construction Machinery and Heavy Trucks
  • Sector: Capital Goods
  • Market Cap: €1.062b
  • Shares outstanding: 37.59m
  • Website: https://www.palfinger.ag

Number of Employees


Location

  • Palfinger AG
  • Lamprechtshausener Bundesstrasse 8
  • Bergheim
  • Salzburg
  • 5101
  • Austria

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
PLFR.FOTCPK (Pink Sheets LLC)YesBearer SharesUSUSDJun 1999
PALWBAG (Wiener Boerse AG)YesBearer SharesATEURJun 1999
PFIDB (Deutsche Boerse AG)YesBearer SharesDEEURJun 1999
0MJ1LSE (London Stock Exchange)YesBearer SharesGBEURJun 1999
PALVBATS-CHIXE (BATS 'Chi-X Europe')YesBearer SharesGBEURJun 1999
PLFR.YOTCPK (Pink Sheets LLC)SPONSORED ADRUSUSDApr 2005

Biography

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 equipm ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/11/12 20:33
End of Day Share Price2019/11/12 00:00
Earnings2019/09/30
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.