Progress-Werk Oberkirch
Market Cap
€73.1m
Last Updated
2021/01/16 19:28 UTC
Data Sources
Company Financials +
Executive Summary
Progress-Werk Oberkirch AG develops and manufactures advanced metal components and subsystems used in lightweight construction for the automotive safety and comfort in Germany, rest of Europe, North America, and Asia. More Details
Rewards
Risk Analysis
Snowflake Analysis
Adequate balance sheet and fair value.
Share Price & News
How has Progress-Werk Oberkirch's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: PWO is not significantly more volatile than the rest of German stocks over the past 3 months, typically moving +/- 7% a week.
Volatility Over Time: PWO's weekly volatility (7%) has been stable over the past year.
Market Performance
7 Day Return
-2.5%
PWO
-2.1%
DE Auto Components
-1.2%
DE Market
1 Year Return
-7.9%
PWO
-1.6%
DE Auto Components
2.3%
DE Market
Return vs Industry: PWO underperformed the German Auto Components industry which returned -1.6% over the past year.
Return vs Market: PWO underperformed the German Market which returned 2.3% over the past year.
Shareholder returns
| PWO | Industry | Market | |
|---|---|---|---|
| 7 Day | -2.5% | -2.1% | -1.2% |
| 30 Day | 20.0% | 0.1% | 2.5% |
| 90 Day | 36.0% | 17.3% | 8.1% |
| 1 Year | -7.9%-7.9% | 1.9%-1.6% | 5.6%2.3% |
| 3 Year | -45.1%-50.0% | -46.2%-51.2% | 3.6%-5.5% |
| 5 Year | -13.7%-27.1% | -28.1%-37.9% | 41.3%21.3% |
Long-Term Price Volatility Vs. Market
How volatile is Progress-Werk Oberkirch's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
Is Progress-Werk Oberkirch AG (ETR:PWO) Trading At A 37% Discount?1 month ago | Simply Wall St
Should You Think About Buying Progress-Werk Oberkirch AG (ETR:PWO) Now?1 month ago | Simply Wall St
Does Progress-Werk Oberkirch (ETR:PWO) Have A Healthy Balance Sheet?Valuation
Is Progress-Werk Oberkirch undervalued compared to its fair value and its price relative to the market?
42.5%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: PWO (€23.4) is trading below our estimate of fair value (€40.72)
Significantly Below Fair Value: PWO is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: PWO is unprofitable, so we can't compare its PE Ratio to the XE Auto Components industry average.
PE vs Market: PWO is unprofitable, so we can't compare its PE Ratio to the German market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate PWO's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: PWO is good value based on its PB Ratio (0.7x) compared to the DE Auto Components industry average (1.8x).
Next Steps
Future Growth
How is Progress-Werk Oberkirch forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
94.7%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: PWO is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (0.07%).
Earnings vs Market: PWO is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: PWO's is expected to become profitable in the next 3 years.
Revenue vs Market: PWO's revenue (3.6% per year) is forecast to grow slower than the German market (5.9% per year).
High Growth Revenue: PWO's revenue (3.6% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: PWO's Return on Equity is forecast to be low in 3 years time (8.3%).
Next Steps
Past Performance
How has Progress-Werk Oberkirch performed over the past 5 years?
-13.8%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: PWO is currently unprofitable.
Growing Profit Margin: PWO is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: PWO is unprofitable, and losses have increased over the past 5 years at a rate of 13.8% per year.
Accelerating Growth: Unable to compare PWO's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: PWO is unprofitable, making it difficult to compare its past year earnings growth to the Auto Components industry (-46.7%).
Return on Equity
High ROE: PWO has a negative Return on Equity (-3.19%), as it is currently unprofitable.
Next Steps
Financial Health
How is Progress-Werk Oberkirch's financial position?
Financial Position Analysis
Short Term Liabilities: PWO's short term assets (€148.5M) exceed its short term liabilities (€140.8M).
Long Term Liabilities: PWO's short term assets (€148.5M) exceed its long term liabilities (€130.8M).
Debt to Equity History and Analysis
Debt Level: PWO's debt to equity ratio (97.8%) is considered high.
Reducing Debt: PWO's debt to equity ratio has reduced from 128.9% to 97.8% over the past 5 years.
Debt Coverage: PWO's debt is well covered by operating cash flow (46.6%).
Interest Coverage: PWO is unprofitable, therefore interest payments are not well covered by earnings.
Balance Sheet
Next Steps
Dividend
What is Progress-Werk Oberkirch current dividend yield, its reliability and sustainability?
4.81%
Forecast Dividend Yield
Dividend Yield vs Market
Notable Dividend: Unable to evaluate PWO's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate PWO'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 PWO's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if PWO's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: PWO is not paying a notable dividend for the German market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of PWO's dividend in 3 years as they are not forecast to pay a notable one for the German market.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
0.3yrs
Average management tenure
CEO
Carlo Lazzarini
0.33
Tenure
Mr. Carlo Lazzarini serves as Member of Management Board at Progress-Werk Oberkirch AG since September 1, 2020 and serves as its Chief Executive Officer since September 5, 2020. He serves as Global Head of...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| COO & Member of the Management Board | 4.5yrs | €474.00k | no data | |
| CEO & Member of Management Board | 0.33yr | no data | no data | |
| CFO & Member of Management Board | 0.083yr | no data | no data |
0.3yrs
Average Tenure
Experienced Management: PWO's management team is not considered experienced ( 0.3 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Member of Supervisory Board | 2.67yrs | €37.00k | no data | |
| Honorary Chairman of Supervisory Board | 4.67yrs | no data | no data | |
| Chairman of Supervisory Board | 4.67yrs | €80.00k | no data | |
| Employee Representative Member of Supervisory Board | 14.67yrs | €40.00k | no data | |
| Deputy Chairman of Supervisory Board | 2.67yrs | €61.00k | no data | |
| Member of Supervisory Board | 2.67yrs | €48.00k | no data | |
| Employee Representative Member of Supervisory Board | 4.67yrs | €30.00k | no data |
4.7yrs
Average Tenure
59.5yo
Average Age
Experienced Board: PWO's board of directors are considered experienced (4.7 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
Progress-Werk Oberkirch AG's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Progress-Werk Oberkirch AG
- Ticker: PWO
- Exchange: XTRA
- Founded: 1919
- Industry: Auto Parts and Equipment
- Sector: Automobiles
- Market Cap: €73.125m
- Shares outstanding: 3.13m
- Website: https://www.progress-werk.de
Number of Employees
Location
- Progress-Werk Oberkirch AG
- Industriestrasse 8
- Oberkirch
- Baden-Württemberg
- 77704
- Germany
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| PWO | DB (Deutsche Boerse AG) | Yes | Ordinary Shares | DE | EUR | Jan 1992 |
| PWO | XTRA (XETRA Trading Platform) | Yes | Ordinary Shares | DE | EUR | Jan 1992 |
| 0NHL | LSE (London Stock Exchange) | Yes | Ordinary Shares | GB | EUR | Jan 1992 |
| PWOd | BATS-CHIXE (BATS 'Chi-X Europe') | Yes | Ordinary Shares | GB | EUR | Jan 1992 |
Biography
Progress-Werk Oberkirch AG develops and manufactures advanced metal components and subsystems used in lightweight construction for the automotive safety and comfort in Germany, rest of Europe, North Americ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/01/16 19:28 |
| End of Day Share Price | 2021/01/15 00:00 |
| Earnings | 2020/09/30 |
| Annual Earnings | 2019/12/31 |
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.