Polytec Holding AG, together with its subsidiaries, develops and manufactures plastic solutions for the passenger cars and light commercial vehicles, commercial vehicles, and industrial applications.
Very undervalued with adequate balance sheet and pays a dividend.
Share Price & News
How has Polytec Holding's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: P4N's share price has been volatile over the past 3 months.
7 Day Return
DE Auto Components
1 Year Return
DE Auto Components
Return vs Industry: P4N underperformed the German Auto Components industry which returned -21.9% over the past year.
Return vs Market: P4N underperformed the German Market which returned 0.2% over the past year.
Price Volatility Vs. Market
How volatile is Polytec Holding's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Is Polytec Holding 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: P4N (€4.87) is trading below our estimate of fair value (€6.69)
Significantly Below Fair Value: P4N is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: P4N is good value based on its PE Ratio (6.2x) compared to the Auto Components industry average (14.2x).
PE vs Market: P4N is good value based on its PE Ratio (6.2x) compared to the German market (19.3x).
Price to Earnings Growth Ratio
PEG Ratio: P4N is good value based on its PEG Ratio (0.2x)
Price to Book Ratio
PB vs Industry: P4N is good value based on its PB Ratio (0.5x) compared to the DE Auto Components industry average (0.8x).
How is Polytec Holding forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: P4N's forecast earnings growth (38.8% per year) is above the savings rate (0.2%).
Earnings vs Market: P4N's earnings (38.8% per year) are forecast to grow faster than the German market (21.6% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: P4N's revenue (5.1% per year) is forecast to grow slower than the German market (5.8% per year).
High Growth Revenue: P4N's revenue (5.1% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: P4N's Return on Equity is forecast to be low in 3 years time (7.8%).
How has Polytec Holding performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: P4N has a large one-off gain of €8.1M impacting its March 31 2020 financial results.
Growing Profit Margin: P4N's current net profit margins (2.9%) are lower than last year (3.9%).
Past Earnings Growth Analysis
Earnings Trend: P4N's earnings have grown by 0.8% per year over the past 5 years.
Accelerating Growth: P4N's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: P4N had negative earnings growth (-27.6%) over the past year, making it difficult to compare to the Auto Components industry average (-24.5%).
Return on Equity
High ROE: P4N's Return on Equity (7.4%) is considered low.
How is Polytec Holding's financial position?
Financial Position Analysis
Short Term Liabilities: P4N's short term assets (€310.9M) exceed its short term liabilities (€134.0M).
Long Term Liabilities: P4N's short term assets (€310.9M) exceed its long term liabilities (€229.3M).
Debt to Equity History and Analysis
Debt Level: P4N's debt to equity ratio (80.5%) is considered high.
Reducing Debt: P4N's debt to equity ratio has reduced from 109.7% to 80.5% over the past 5 years.
Debt Coverage: P4N's debt is not well covered by operating cash flow (19.1%).
Interest Coverage: P4N's interest payments on its debt are well covered by EBIT (5.2x coverage).
What is Polytec Holding's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: P4N's dividend (4.98%) is higher than the bottom 25% of dividend payers in the German market (1.28%).
High Dividend: P4N's dividend (4.98%) is in the top 25% of dividend payers in the German market (3.93%)
Stability and Growth of Payments
Stable Dividend: P4N has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: P4N has only been paying a dividend for 8 years, and since then payments have fallen.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (30.6%), P4N's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: P4N's dividends in 3 years are forecast to be well covered by earnings (30.1% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Markus Huemer (38yo)
Mr. Markus Huemer has been Chief Executive Officer of Polytec Holding AG since January 1, 2019 and also serves as Chairman of the Board since January 01, 2019. Mr. Huemer served as Chief Operating Officer ...
CEO Compensation Analysis
Compensation vs Market: Markus's total compensation ($USD512.51K) is about average for companies of similar size in the German market ($USD426.77K).
Compensation vs Earnings: Markus's compensation has been consistent with company performance over the past year.
|Chairman of the Board & CEO||1.42yrs||€461.00k||no data|
|CFO & Director||9.33yrs||€255.00k||no data|
|COO & Director||1.42yrs||€376.00k||no data|
|Chief Sales Officer & Director||1.83yrs||€376.00k||no data|
|Head of Investor Relations||no data||no data||no data|
|Director of Corporate Communications||no data||no data||no data|
|Head of Industrial Division||no data||no data||no data|
|Head of Product Development Composites||no data||no data||no data|
Experienced Management: P4N's management team is not considered experienced ( 1.4 years average tenure), which suggests a new team.
|Independent Member of Supervisory Board||15.42yrs||€25.00k||no data|
|Independent Member of Supervisory Board||14.17yrs||€22.00k||no data|
|Independent Chairman of the Supervisory Board||13yrs||€35.00k||no data|
|Independent Deputy Chairman of the Supervisory Board||13yrs||€28.00k||no data|
|Independent Member of Supervisory Board||10.33yrs||€22.00k||no data|
Experienced Board: P4N's board of directors are seasoned and experienced ( 12.8 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.
Polytec Holding AG's company bio, employee growth, exchange listings and data sources
- Name: Polytec Holding AG
- Ticker: P4N
- Exchange: DB
- Founded: 1986
- Industry: Auto Parts and Equipment
- Sector: Automobiles
- Market Cap: €110.418m
- Shares outstanding: 22.00m
- Website: https://www.polytec-group.com
Number of Employees
- Polytec Holding AG
- Polytec-Strasse 1
- Upper Austria
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|PYT||WBAG (Wiener Boerse AG)||Yes||Ordinary Shares||AT||EUR||Apr 2006|
|P4N||DB (Deutsche Boerse AG)||Yes||Ordinary Shares||DE||EUR||Apr 2006|
|0GOX||LSE (London Stock Exchange)||Yes||Ordinary Shares||GB||EUR||Apr 2006|
|PYTV||BATS-CHIXE (BATS 'Chi-X Europe')||Yes||Ordinary Shares||GB||EUR||Apr 2006|
Polytec Holding AG, together with its subsidiaries, develops and manufactures plastic solutions for the passenger cars and light commercial vehicles, commercial vehicles, and industrial applications. The company offers power train solutions, such as cylinder head covers, oil separators and pans, air intakes, crankcase ventilation systems, covers, and products for use in fuel cells; exterior, aerodynamic, and structural components for trucks and agricultural vehicles, and machineries; and polyurethane components and coatings for various of industrial applications, as well as develops and produces complex machineries and plants for the dosing and processing of liquid reactive plastics. It also provides full body kits, and spoilers and wings; soft engine covers; transport boxes and drying units for washer-dryers; battery boxes for hybrid vehicles, trunk lids for integrated mobility solutions, and structural components; and underbody and structural solutions. The company operates in Austria, Germany, the United Kingdom, Sweden, Hungary, and Other European Union countries, as well as internationally. Polytec Holding AG was founded in 1986 and is headquartered in Hörsching, Austria.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/06/01 21:51|
|End of Day Share Price||2020/05/29 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.