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Market Cap

€1.4b

Last Updated

2021/05/10 20:05 UTC

Data Sources

Company Financials +

Executive Summary

Picanol nv, together with its subsidiaries, engages in the mechanical engineering, agriculture, food, energy, water management, natural resources, and other industrial businesses in Belgium and internationally. More Details


Snowflake Analysis

Excellent balance sheet with proven track record.

Share Price & News

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


Latest Share Price and Events

Stable Share Price: PIC is not significantly more volatile than the rest of Belgian stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: PIC's weekly volatility (3%) has been stable over the past year.


Market Performance


7 Day Return

0%

PIC

2.6%

BE Machinery

1.6%

BE Market


1 Year Return

39.3%

PIC

51.4%

BE Machinery

30.7%

BE Market

Return vs Industry: PIC underperformed the Belgian Machinery industry which returned 51.4% over the past year.

Return vs Market: PIC exceeded the Belgian Market which returned 30.6% over the past year.


Shareholder returns

PICIndustryMarket
7 Day0%2.6%1.6%
30 Day-3.0%-0.3%4.6%
90 Day8.2%7.2%6.2%
1 Year39.6%39.3%56.9%51.4%32.7%30.7%
3 Year-17.3%-17.6%33.6%19.4%0.7%-4.2%
5 Year28.3%27.4%103.6%73.8%-1.8%-10.8%

Long-Term Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

11.3%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: PIC (€76.2) is trading below our estimate of fair value (€86.33)

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


Price To Earnings Ratio

PE vs Industry: PIC is good value based on its PE Ratio (24.3x) compared to the XE Machinery industry average (28.4x).

PE vs Market: PIC is poor value based on its PE Ratio (24.3x) compared to the Belgian market (19.2x).


Price to Earnings Growth Ratio

PEG Ratio: PIC is poor value based on its PEG Ratio (2.5x)


Price to Book Ratio

PB vs Industry: PIC is good value based on its PB Ratio (1.7x) compared to the XE Machinery industry average (2.2x).


Future Growth

How is Picanol forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

9.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: PIC's forecast earnings growth (9.8% per year) is above the savings rate (1.2%).

Earnings vs Market: PIC's earnings (9.8% per year) are forecast to grow slower than the Belgian market (23.6% per year).

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

Revenue vs Market: PIC's revenue (3.5% per year) is forecast to grow slower than the Belgian market (5.4% per year).

High Growth Revenue: PIC's revenue (3.5% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: PIC's Return on Equity is forecast to be low in 3 years time (7.3%).


Past Performance

How has Picanol performed over the past 5 years?

-14.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: PIC has high quality earnings.

Growing Profit Margin: PIC's current net profit margins (2.5%) are higher than last year (1.9%).


Past Earnings Growth Analysis

Earnings Trend: PIC's earnings have declined by 14.6% per year over the past 5 years.

Accelerating Growth: PIC's earnings growth over the past year (32.6%) exceeds its 5-year average (-14.6% per year).

Earnings vs Industry: PIC earnings growth over the past year (32.6%) exceeded the Machinery industry -10.3%.


Return on Equity

High ROE: PIC's Return on Equity (5.9%) is considered low.


Financial Health

How is Picanol's financial position?


Financial Position Analysis

Short Term Liabilities: PIC's short term assets (€1.1B) exceed its short term liabilities (€476.3M).

Long Term Liabilities: PIC's short term assets (€1.1B) exceed its long term liabilities (€822.5M).


Debt to Equity History and Analysis

Debt Level: PIC's debt to equity ratio (29.2%) is considered satisfactory.

Reducing Debt: PIC's debt to equity ratio has increased from 0.6% to 29.2% over the past 5 years.

Debt Coverage: PIC's debt is well covered by operating cash flow (75.6%).

Interest Coverage: PIC's interest payments on its debt are well covered by EBIT (19.5x coverage).


Balance Sheet


Dividend

What is Picanol current dividend yield, its reliability and sustainability?

0.26%

Forecast Dividend Yield


Dividend Yield vs Market

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

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


Stability and Growth of Payments

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

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


Current Payout to Shareholders

Dividend Coverage: PIC is not paying a notable dividend for the Belgian market.


Future Payout to Shareholders

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


Next Steps

Management

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

8.1yrs

Average board tenure


CEO

Luc Tack (59 yo)

11.83yrs

Tenure

€1,401,839

Compensation

Mr. Luc Tack has been Chief Executive Officer of Tessenderlo Group NV (formerly known as Tessenderlo Chemie NV) since December 18, 2013 and its Executive Director since November 13, 2013. Mr. Tack has been...


CEO Compensation Analysis

Compensation vs Market: Luc's total compensation ($USD1.70M) is above average for companies of similar size in the Belgian market ($USD892.26K).

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


Board Members

Experienced Board: PIC's board of directors are considered experienced (8.1 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

Picanol nv's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Picanol nv
  • Ticker: PIC
  • Exchange: ENXTBR
  • Founded: 1936
  • Industry: Industrial Machinery
  • Sector: Capital Goods
  • Market Cap: €1.356b
  • Shares outstanding: 17.70m
  • Website: https://www.picanolgroup.com

Number of Employees


Location

  • Picanol nv
  • Steverlyncklaan 15
  • Ieper
  • West Flanders
  • 8900
  • Belgium

Listings


Biography

Picanol nv, together with its subsidiaries, engages in the mechanical engineering, agriculture, food, energy, water management, natural resources, and other industrial businesses in Belgium and internation...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/05/10 20:05
End of Day Share Price2021/05/10 00:00
Earnings2020/12/31
Annual Earnings2020/12/31


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.