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.
Very undervalued with excellent balance sheet.
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'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: PWO matched the German Auto Components industry which returned -19.7% over the past year.
Return vs Market: PWO underperformed the German Market which returned 0.3% over the past year.
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
10 months ago | Simply Wall StIs It Too Late To Consider Buying Progress-Werk Oberkirch AG (FRA:PWO)?
10 months ago | Simply Wall StIs Progress-Werk Oberkirch AG (FRA:PWO) A Great Dividend Stock?
10 months ago | Simply Wall StProgress-Werk Oberkirch (FRA:PWO) Has A Somewhat Strained Balance Sheet
Is Progress-Werk Oberkirch 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: PWO (€17.8) is trading below our estimate of fair value (€43.88)
Significantly Below Fair Value: PWO is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: PWO is good value based on its PE Ratio (6.1x) compared to the Auto Components industry average (14.2x).
PE vs Market: PWO is good value based on its PE Ratio (6.1x) compared to the German market (18.5x).
Price to Earnings Growth Ratio
PEG Ratio: PWO is good value based on its PEG Ratio (0.2x)
Price to Book Ratio
PB vs Industry: PWO is good value based on its PB Ratio (0.5x) compared to the DE Auto Components industry average (0.8x).
How is Progress-Werk Oberkirch 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: PWO's forecast earnings growth (26% per year) is above the savings rate (0.2%).
Earnings vs Market: PWO's earnings (26% 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: PWO's revenue (2.5% per year) is forecast to grow slower than the German market (5.7% per year).
High Growth Revenue: PWO's revenue (2.5% 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 (7%).
How has Progress-Werk Oberkirch performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: PWO has high quality earnings.
Growing Profit Margin: PWO's current net profit margins (2.1%) are higher than last year (1.2%).
Past Earnings Growth Analysis
Earnings Trend: PWO's earnings have declined by -0.05% per year over the past 5 years.
Accelerating Growth: PWO's earnings growth over the past year (56.9%) exceeds its 5-year average (-0.05% per year).
Earnings vs Industry: PWO earnings growth over the past year (56.9%) exceeded the Auto Components industry -24.5%.
Return on Equity
High ROE: PWO's Return on Equity (7.6%) is considered low.
How is Progress-Werk Oberkirch's financial position?
Financial Position Analysis
Short Term Liabilities: PWO's short term assets (€152.1M) exceed its short term liabilities (€124.4M).
Long Term Liabilities: PWO's short term assets (€152.1M) exceed its long term liabilities (€147.0M).
Debt to Equity History and Analysis
Debt Level: PWO's debt to equity ratio (97.5%) is considered high.
Reducing Debt: PWO's debt to equity ratio has reduced from 140.3% to 97.5% over the past 5 years.
Debt Coverage: PWO's debt is well covered by operating cash flow (42.3%).
Interest Coverage: PWO's interest payments on its debt are well covered by EBIT (3.5x coverage).
What is Progress-Werk Oberkirch's current dividend yield, its reliability and sustainability?
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.
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Volker Simon (57yo)
Dr. Volker Simon has been the Chief Executive Officer of Progress Werk Oberkirch AG since July 01, 2014 and has been its Member of Management Board since July 1, 2001. Dr. Simon served as Director of Sales ...
CEO Compensation Analysis
Compensation vs Market: Volker's total compensation ($USD890.49K) is above average for companies of similar size in the German market ($USD417.67K).
Compensation vs Earnings: Volker's compensation has been consistent with company performance over the past year.
|Member of Supervisory Board||2yrs||€24.00k||no data|
|Honorary Chairman of Supervisory Board||4yrs||no data||no data|
|Chairman of Supervisory Board||4yrs||€74.00k||no data|
|Employee Representative Member of Supervisory Board||14yrs||€36.00k||no data|
|Deputy Chairman of Supervisory Board||2yrs||€51.00k||no data|
|Member of Supervisory Board||2yrs||€28.00k||no data|
|Employee Representative Member of Supervisory Board||4yrs||€28.00k||no data|
Experienced Board: PWO's board of directors are considered experienced (4 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.
Progress-Werk Oberkirch AG's company bio, employee growth, exchange listings and data sources
- Name: Progress-Werk Oberkirch AG
- Ticker: PWO
- Exchange: DB
- Founded: 1919
- Industry: Auto Parts and Equipment
- Sector: Automobiles
- Market Cap: €55.938m
- Shares outstanding: 3.13m
- Website: https://www.progress-werk.de
Number of Employees
- Progress-Werk Oberkirch AG
- Industriestrasse 8
|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|
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. It offers mechanical components for electrical and electronic applications, such as motor housings, housings for electronic control units, rotor housings, and covers for electronic control units. The company also provides safety components for airbags, seats, and steering systems; and structural components and sub-systems for vehicle body and chassis consisting of body components, instrument panel carriers, and air spring pots. The company was founded in 1919 and is headquartered in Oberkirch, Germany.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/05/29 21:13|
|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.