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
No risks detected for PIC from our risk checks.
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.
7 Day Return
1 Year Return
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.
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
1 day ago | Simply Wall StCalculating The Fair Value Of Picanol nv (EBR:PIC)
2 weeks ago | Simply Wall StPicanol (EBR:PIC) Could Easily Take On More Debt
1 month ago | Simply Wall StPicanol (EBR:PIC) Could Be Struggling To Allocate Capital
Is Picanol undervalued compared to its fair value and its price relative to the market?
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).
How is Picanol forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
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%).
How has Picanol performed over the past 5 years?
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.
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).
What is Picanol current dividend yield, its reliability and sustainability?
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.
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Luc Tack (59 yo)
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.
Experienced Board: PIC's board of directors are considered experienced (8.1 years average tenure).
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.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Picanol nv's company bio, employee growth, exchange listings and data sources
- 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
- Picanol nv
- Steverlyncklaan 15
- West Flanders
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
|Data||Last Updated (UTC time)|
|Company Analysis||2021/05/10 20:05|
|End of Day Share Price||2021/05/10 00:00|
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.