Buy Or Sell Opportunity • May 25
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 29% to €8.50. The fair value is estimated to be €7.03, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 8.7% over the last 3 years. Earnings per share has declined by 9.3%. Reported Earnings • Mar 31
Full year 2025 earnings released: EPS: US$0.63 (vs US$0.75 in FY 2024) Full year 2025 results: EPS: US$0.63 (down from US$0.75 in FY 2024). Revenue: US$47.8m (down 5.9% from FY 2024). Net income: US$11.1m (down 17% from FY 2024). Profit margin: 23% (down from 26% in FY 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 9% per year whereas the company’s share price has fallen by 8% per year. Announcement • Jan 30
Payton Planar Magnetics Ltd., Annual General Meeting, Mar 09, 2026 Payton Planar Magnetics Ltd., Annual General Meeting, Mar 09, 2026. Reported Earnings • Dec 02
Third quarter 2025 earnings released: EPS: US$0.20 (vs US$0.20 in 3Q 2024) Third quarter 2025 results: EPS: US$0.20 (down from US$0.20 in 3Q 2024). Revenue: US$13.2m (up 4.2% from 3Q 2024). Net income: US$3.45m (down 3.2% from 3Q 2024). Profit margin: 26% (down from 28% in 3Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has fallen by 15% per year, which means it is performing significantly worse than earnings. Reported Earnings • Aug 15
Second quarter 2025 earnings released: EPS: US$0.17 (vs US$0.23 in 2Q 2024) Second quarter 2025 results: EPS: US$0.17 (down from US$0.23 in 2Q 2024). Revenue: US$11.4m (down 28% from 2Q 2024). Net income: US$3.08m (down 25% from 2Q 2024). Profit margin: 27% (up from 26% in 2Q 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Announcement • Aug 12
Payton Planar Magnetics Ltd. to Report Q2, 2025 Results on Aug 14, 2025 Payton Planar Magnetics Ltd. announced that they will report Q2, 2025 results on Aug 14, 2025 Upcoming Dividend • May 29
Upcoming dividend of US$0.26 per share Eligible shareholders must have bought the stock before 05 June 2025. Payment date: 09 June 2025. Payout ratio is a comfortable 40% and this is well supported by cash flows. Trailing yield: 4.0%. Lower than top quartile of Belgian dividend payers (6.8%). Higher than average of industry peers (1.8%). Reported Earnings • May 28
First quarter 2025 earnings released: EPS: US$0.16 (vs US$0.20 in 1Q 2024) First quarter 2025 results: EPS: US$0.16 (down from US$0.20 in 1Q 2024). Revenue: US$11.6m (down 7.9% from 1Q 2024). Net income: US$2.91m (down 17% from 1Q 2024). Profit margin: 25% (down from 28% in 1Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Reported Earnings • Mar 31
Full year 2024 earnings released: EPS: US$0.75 (vs US$0.86 in FY 2023) Full year 2024 results: EPS: US$0.75 (down from US$0.86 in FY 2023). Revenue: US$50.8m (down 7.3% from FY 2023). Net income: US$13.3m (down 13% from FY 2023). Profit margin: 26% (down from 28% in FY 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Reported Earnings • Nov 28
Third quarter 2024 earnings released: EPS: US$0.20 (vs US$0.27 in 3Q 2023) Third quarter 2024 results: EPS: US$0.20 (down from US$0.27 in 3Q 2023). Revenue: US$12.7m (down 16% from 3Q 2023). Net income: US$3.56m (down 25% from 3Q 2023). Profit margin: 28% (down from 32% in 3Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. New Risk • Nov 22
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Belgian stocks, typically moving 4.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (4.4% average weekly change). Reported Earnings • Aug 19
Second quarter 2024 earnings released: EPS: US$0.23 (vs US$0.17 in 2Q 2023) Second quarter 2024 results: EPS: US$0.23 (up from US$0.17 in 2Q 2023). Revenue: US$15.9m (up 25% from 2Q 2023). Net income: US$4.10m (up 35% from 2Q 2023). Profit margin: 26% (up from 24% in 2Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. New Risk • Jun 03
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks Latest financial reports are more than 6 months old (reported September 2023 fiscal period end). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Announcement • Mar 08
Payton Planar Magnetics Ltd., Annual General Meeting, Apr 15, 2024 Payton Planar Magnetics Ltd., Annual General Meeting, Apr 15, 2024, at 15:00 Israel Standard Time. Location: 3 Ha'avoda St. Ness-Ziona, Ness-Ziona Israel Agenda: To consider Nomination of Mr. Roee Madai as an external Director with a financial accounting expertise, for a first period of 3 years, starting as of and subject to the Closing and confirmation of his remuneration at the same rate as to the other external director of the Company, according to the minimum amounts specified in the Israeli Companies Regulations (Rules in regard to remuneration and expenses to an external director) 2000, as defined in the regulations mentioned above, and to the Company’s Remuneration Policy; and to consider other matters. Upcoming Dividend • Feb 22
Upcoming dividend of US$0.48 per share Eligible shareholders must have bought the stock before 29 February 2024. Payment date: 05 March 2024. Payout ratio is a comfortable 57% and this is well supported by cash flows. Trailing yield: 5.3%. Lower than top quartile of Belgian dividend payers (7.6%). Higher than average of industry peers (1.7%). Valuation Update With 7 Day Price Move • Feb 16
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to €8.40, the stock trades at a trailing P/E ratio of 10.8x. Average trailing P/E is 18x in the Electronic industry in Europe. Total returns to shareholders of 19% over the past three years. New Risk • Jan 19
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Belgian stocks, typically moving 5.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (5.2% average weekly change). Reported Earnings • Nov 19
Third quarter 2023 earnings released: EPS: US$0.28 (vs US$0.23 in 3Q 2022) Third quarter 2023 results: EPS: US$0.28 (up from US$0.23 in 3Q 2022). Revenue: US$15.0m (down 7.0% from 3Q 2022). Net income: US$4.76m (up 15% from 3Q 2022). Profit margin: 32% (up from 26% in 3Q 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Announcement • Aug 16
Payton Planar Magnetics Ltd., Annual General Meeting, Sep 20, 2023 Payton Planar Magnetics Ltd., Annual General Meeting, Sep 20, 2023, at 14:00 Israel Standard Time. Location: Payton Planar Magnetics Ltd. 3 Ha'avoda St Ness Ziona Israel Agenda: To consider discussion and Acceptance of the Company's 2022 yearly financial statements; to consider r-Nomination of Kost, Forer, Gabbai & Kasierer (EY), as the Company's independent auditors and authorizing the Board of Directors of The Company, to define their fees; to consider re-nomination of Mrs. Revital Ronen-Lentz as an external Director; to consider approval of the updated Company's Remuneration Policy; to consider re-nomination of Mr. David Yativ1 as an Active Chairman of the Board of Directors and the re-nomination of Mr. Doron Yativ2 as the Company's C.E.O; to consider extension of the Management Services Agreements; to consider re-granting indemnification to directors who are members of the Company's controlling shareholders and their relatives; and to transact other matters. Reported Earnings • Aug 15
Second quarter 2023 earnings released: EPS: US$0.17 (vs US$0.27 in 2Q 2022) Second quarter 2023 results: EPS: US$0.17 (down from US$0.27 in 2Q 2022). Revenue: US$12.7m (down 33% from 2Q 2022). Net income: US$3.03m (down 36% from 2Q 2022). Profit margin: 24% (down from 25% in 2Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • May 31
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to €9.65, the stock trades at a trailing P/E ratio of 11.5x. Average trailing P/E is 20x in the Electronic industry in Europe. Total returns to shareholders of 60% over the past three years. Reported Earnings • May 26
First quarter 2023 earnings released: EPS: US$0.18 (vs US$0.07 in 1Q 2022) First quarter 2023 results: EPS: US$0.18 (up from US$0.07 in 1Q 2022). Revenue: US$12.1m (up 12% from 1Q 2022). Net income: US$3.27m (up 163% from 1Q 2022). Profit margin: 27% (up from 12% in 1Q 2022). The increase in margin was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 17% per year whereas the company’s share price has increased by 14% per year. Reported Earnings • Nov 26
Third quarter 2021 earnings released: EPS: US$0.09 (vs US$0.13 in 3Q 2020) Third quarter 2021 results: EPS: US$0.09 (down from US$0.13 in 3Q 2020). Revenue: US$9.88m (down 12% from 3Q 2020). Net income: US$1.58m (down 30% from 3Q 2020). Profit margin: 16% (down from 20% in 3Q 2020). The decrease in margin was driven by lower revenue. Valuation Update With 7 Day Price Move • Aug 26
Investor sentiment improved over the past week After last week's 19% share price gain to €9.80, the stock trades at a trailing P/E ratio of 20.8x. Average trailing P/E is 21x in the Electronic industry in Europe. Total returns to shareholders of 71% over the past three years. Announcement • Aug 26
Payton Planar Magnetics Ltd., Annual General Meeting, Sep 29, 2022 Payton Planar Magnetics Ltd., Annual General Meeting, Sep 29, 2022. Valuation Update With 7 Day Price Move • Mar 30
Investor sentiment improved over the past week After last week's 19% share price gain to €8.70, the stock trades at a trailing P/E ratio of 20.6x. Average trailing P/E is 23x in the Electronic industry in Europe. Total returns to shareholders of 48% over the past three years. Reported Earnings • Nov 27
Third quarter 2021 earnings: Revenues and EPS in line with analyst expectations Third quarter 2021 results: EPS: US$0.09 (down from US$0.13 in 3Q 2020). Revenue: US$9.88m (down 12% from 3Q 2020). Net income: US$1.58m (down 30% from 3Q 2020). Profit margin: 16% (down from 20% in 3Q 2020). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. Reported Earnings • Aug 21
Second quarter 2021 earnings released: EPS US$0.097 (vs US$0.16 in 2Q 2020) The company reported a poor second quarter result with weaker earnings, revenues and profit margins. Second quarter 2021 results: Revenue: US$9.22m (down 19% from 2Q 2020). Net income: US$1.72m (down 38% from 2Q 2020). Profit margin: 19% (down from 24% in 2Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings. Upcoming Dividend • Jun 08
Upcoming dividend of US$0.36 per share Eligible shareholders must have bought the stock before 15 June 2021. Payment date: 17 June 2021. Trailing yield: 2.1%. Lower than top quartile of Belgian dividend payers (4.4%). Higher than average of industry peers (1.3%). Reported Earnings • May 29
First quarter 2021 earnings released: EPS US$0.11 (vs US$0.10 in 1Q 2020) The company reported a solid first quarter result with improved earnings and revenues, although profit margins were weaker. First quarter 2021 results: Revenue: US$10.1m (up 22% from 1Q 2020). Net income: US$1.91m (up 8.6% from 1Q 2020). Profit margin: 19% (down from 21% in 1Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 34% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Mar 27
Full year 2020 earnings released: EPS US$0.56 (vs US$0.50 in FY 2019) The company reported a solid full year result with improved earnings and revenues, although profit margins were flat. Full year 2020 results: Revenue: US$43.9m (up 14% from FY 2019). Net income: US$9.91m (up 13% from FY 2019). Profit margin: 23% (in line with FY 2019). Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 32% per year, which means it is tracking significantly ahead of earnings growth. Is New 90 Day High Low • Mar 04
New 90-day high: €8.00 The company is up 3.0% from its price of €7.80 on 03 December 2020. The Belgian market is down 1.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Electronic industry, which is up 10.0% over the same period. Announcement • Dec 12
Payton Planar Magnetics Ltd. to Report Q1, 2021 Results on May 26, 2021 Payton Planar Magnetics Ltd. announced that they will report Q1, 2021 results on May 26, 2021 Announcement • Dec 10
Payton Planar Magnetics Ltd. to Report Q2, 2021 Results on Aug 18, 2021 Payton Planar Magnetics Ltd. announced that they will report Q2, 2021 results on Aug 18, 2021 Reported Earnings • Nov 26
Third quarter 2020 earnings released: EPS US$0.13 The company reported a soft third quarter result with weaker earnings and profit margins, although revenues were improved. Third quarter 2020 results: Revenue: US$11.2m (up 2.3% from 3Q 2019). Net income: US$2.26m (down 15% from 3Q 2019). Profit margin: 20% (down from 24% in 3Q 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has increased by 31% per year, which means it is tracking significantly ahead of earnings growth. Is New 90 Day High Low • Nov 10
New 90-day high: €7.50 The company is up 15% from its price of €6.50 on 11 August 2020. The Belgian market is up 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is up 7.0% over the same period.