WBAG:PRLB

Stock Analysis Report

Executive Summary

Proto Labs, Inc., together with its subsidiaries, operates as an e-commerce driven digital manufacturer of custom prototypes and on-demand production parts in the worldwide.


Snowflake Analysis

Flawless balance sheet with questionable track record.


Similar Companies

Share Price & News

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


Latest Share Price and Events

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


Market Performance


7 Day Return

-6.7%

PRLB

3.8%

AT Machinery

0.8%

AT Market


1 Year Return

n/a

PRLB

-32.3%

AT Machinery

-32.4%

AT Market

Return vs Industry: Insufficient data to determine how PRLB performed against the Austrian Machinery industry.

Return vs Market: Insufficient data to determine how PRLB performed against the Austrian Market.


Shareholder returns

PRLBIndustryMarket
7 Day-6.7%3.8%0.8%
30 Day-13.8%-12.6%-20.1%
90 Day-29.0%-30.1%-33.1%
1 Yearn/a-30.9%-32.3%-30.0%-32.4%
3 Yearn/a-42.6%-47.0%-16.9%-24.3%
5 Yearn/a-44.6%-52.4%-1.0%-14.9%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

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

18.0%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: PRLB (€63.9) is trading below our estimate of fair value (€77.92)

Significantly Below Fair Value: PRLB is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: PRLB is poor value based on its PE Ratio (28.7x) compared to the Machinery industry average (12.8x).

PE vs Market: PRLB is poor value based on its PE Ratio (28.7x) compared to the Austrian market (11.2x).


Price to Earnings Growth Ratio

PEG Ratio: PRLB's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: PRLB is overvalued based on its PB Ratio (3.1x) compared to the AT Machinery industry average (0.9x).


Next Steps

Future Growth

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

-6.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: PRLB's earnings are forecast to decline over the next 3 years (-6.8% per year).

Earnings vs Market: PRLB's earnings are forecast to decline over the next 3 years (-6.8% per year).

High Growth Earnings: PRLB's earnings are forecast to decline over the next 3 years.

Revenue vs Market: PRLB's revenue (7.7% per year) is forecast to grow faster than the Austrian market (2% per year).

High Growth Revenue: PRLB's revenue (7.7% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: PRLB's Return on Equity is forecast to be low in 3 years time (13.8%).


Next Steps

Past Performance

How has Proto Labs performed over the past 5 years?

12.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: PRLB has high quality earnings.

Growing Profit Margin: PRLB's current net profit margins (13.9%) are lower than last year (17.2%).


Past Earnings Growth Analysis

Earnings Trend: PRLB's earnings have grown by 12.8% per year over the past 5 years.

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

Earnings vs Industry: PRLB had negative earnings growth (-16.9%) over the past year, making it difficult to compare to the Machinery industry average (-4.7%).


Return on Equity

High ROE: PRLB's Return on Equity (10.9%) is considered low.


Next Steps

Financial Health

How is Proto Labs's financial position?


Financial Position Analysis

Short Term Liabilities: PRLB's short term assets ($236.4M) exceed its short term liabilities ($47.6M).

Long Term Liabilities: PRLB's short term assets ($236.4M) exceed its long term liabilities ($40.3M).


Debt to Equity History and Analysis

Debt Level: PRLB is debt free.

Reducing Debt: PRLB currently has no debt however we can't compare to 5 years ago as we have no data for that period.

Debt Coverage: PRLB has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: PRLB has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet

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

Debt Coverage by Assets: Insufficient data to determine if PRLB's debt is covered by short term assets.


Next Steps

Dividend

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


Dividend Yield vs Market

Notable Dividend: Unable to evaluate PRLB's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate PRLB's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if PRLB's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if PRLB's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of PRLB's dividend in 3 years as they are not forecast to pay a notable one for the Austrian market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

5.2yrs

Average management tenure


CEO

Vicki Holt (61yo)

6.17s

Tenure

US$3,596,055

Compensation

Ms. Victoria M. Holt, also known as Vicki, has been the Chief Executive Officer and President of Proto Labs, Inc. since February 6, 2014. Ms. Holt serves as Chief Executive Officer and President of Proto L ...


CEO Compensation Analysis

Compensation vs Market: Vicki's total compensation ($USD3.60M) is above average for companies of similar size in the Austrian market ($USD1.67M).

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


Leadership Team

NamePositionTenureCompensationOwnership
Victoria Holt
President6.17yrsUS$3.60m0.13% $2.2m
John Way
CFO & Executive VP of Development5.33yrsUS$1.42m0.059% $990.7k
Arthur Baker
Chief Technology Officer3.92yrsUS$1.06m0.041% $694.2k
David Fein
Chief Revenue Officer3.33yrsUS$1.13m0.012% $202.8k
Dan Schumacher
Director of Investor Relations and FP&Ano datano datano data
William Dietrick
Vice President of Global Marketing11.92yrsno datano data
Renee Conklin
Vice President of Global Human Resources5.75yrsno datano data
Bjoern Klaas
VP, GM and MD of Europe2.33yrsno data0.0050% $83.6k
Jason Frankman
Controller & Secretary5yrsno datano data

5.2yrs

Average Tenure

50.5yo

Average Age

Experienced Management: PRLB's management team is seasoned and experienced (5.2 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Victoria Holt
President6.17yrsUS$3.60m0.13% $2.2m
Sven Wehrwein
Chairman & Lead Independent Director2.92yrsUS$239.53k0.040% $680.4k
Archie Black
Independent Director4.08yrsUS$180.63k0.018% $298.0k
Donald Krantz
Director2.92yrsUS$175.00k0.016% $266.5k
John Goodman
Independent Director19.25yrsUS$192.81k0.041% $693.1k
Rainer Gawlick
Independent Director11.58yrsUS$197.81k0.072% $1.2m
Moonhie Chin
Director0.67yrno data0.0037% $62.4k
Sujeet Chand
Independent Director2.92yrsUS$184.53k0.012% $199.6k

3.5yrs

Average Tenure

61yo

Average Age

Experienced Board: PRLB's board of directors are considered experienced (3.5 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

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.


Top Shareholders

Company Information

Proto Labs, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Proto Labs, Inc.
  • Ticker: PRLB
  • Exchange: WBAG
  • Founded: 1999
  • Industry: Industrial Machinery
  • Sector: Capital Goods
  • Market Cap: US$1.818b
  • Listing Market Cap: US$1.685b
  • Shares outstanding: 26.79m
  • Website: https://www.protolabs.com

Number of Employees


Location

  • Proto Labs, Inc.
  • 5540 Pioneer Creek Drive
  • Maple Plain
  • Minnesota
  • 55359
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
PRLBNYSE (New York Stock Exchange)YesCommon StockUSUSDFeb 2012
PRZDB (Deutsche Boerse AG)YesCommon StockDEEURFeb 2012
0KRRLSE (London Stock Exchange)YesCommon StockGBUSDFeb 2012
PRLBWBAG (Wiener Boerse AG)YesCommon StockATEURFeb 2012

Biography

Proto Labs, Inc., together with its subsidiaries, operates as an e-commerce driven digital manufacturer of custom prototypes and on-demand production parts in the worldwide. The company offers injection molding; computer numerical control machining; three-dimensional (3D) printing, which include stereolithography (SL), selective laser sintering (SLS), direct metal laser sintering (DMLS), Multi Jet Fusion (MJF), PolyJet and Carbon DLS processes; and sheet metal fabrication, which consists includes quick-turn and e-commerce-enabled custom sheet metal parts. It serves developers and engineers who use 3D computer-aided design software to design products across a range of end markets. The company was founded in 1999 and is headquartered in Maple Plain, Minnesota. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/04/06 02:25
End of Day Share Price2020/04/03 00:00
Earnings2019/12/31
Annual Earnings2019/12/31


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.