DB:PWO

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Progress-Werk Oberkirch

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


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 +/- 5% a week.

Volatility Over Time: PWO's weekly volatility (5%) has been stable over the past year.


Market Performance


7 Day Return

0%

PWO

-1.7%

DE Auto Components

0.4%

DE Market


1 Year Return

-20.0%

PWO

-7.1%

DE Auto Components

2.3%

DE Market

Return vs Industry: PWO underperformed the German Auto Components industry which returned -7.1% over the past year.

Return vs Market: PWO underperformed the German Market which returned 2.3% over the past year.


Shareholder returns

PWOIndustryMarket
7 Day0%-1.7%0.4%
30 Day22.0%21.5%9.4%
90 Day19.8%19.2%4.0%
1 Year-20.0%-20.0%-3.9%-7.1%5.6%2.3%
3 Year-52.8%-56.9%-40.8%-46.2%4.4%-4.7%
5 Year-25.8%-37.2%-37.0%-45.6%26.8%9.0%

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

Valuation

Is Progress-Werk Oberkirch undervalued compared to its fair value and its price relative to the market?

25.1%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: PWO (€20) is trading below our estimate of fair value (€26.71)

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 (0.6x) 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 (0.2%).

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 (3.9% per year) is forecast to grow slower than the German market (5.9% per year).

High Growth Revenue: PWO's revenue (3.9% 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?

4.53%

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

0.25

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

NamePositionTenureCompensationOwnership
Bernd Bartmann
CFO & Member of Management Boardno data€648.00kno data
Johannes Obrecht
COO & Member of the Management Board4.42yrs€474.00kno data
Carlo Lazzarini
CEO & Member of Management Board0.25yrno datano data
Cornelia Ballwießer
Member of Management Board0.083yrno datano 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

NamePositionTenureCompensationOwnership
Jochen Ruetz
Member of Supervisory Board2.58yrs€37.00kno data
Dieter Maier
Honorary Chairman of Supervisory Board4.58yrsno datano data
Karl Schmidhuber
Chairman of Supervisory Board4.58yrs€80.00kno data
Herbert König
Employee Representative Member of Supervisory Board14.58yrs€40.00kno data
Georg Hengstberger
Deputy Chairman of Supervisory Board2.58yrs€61.00kno data
Carsten Claus
Member of Supervisory Board2.58yrs€48.00kno data
Gerhard Schrempp
Employee Representative Member of Supervisory Board4.58yrs€30.00kno data

4.6yrs

Average Tenure

59.5yo

Average Age

Experienced Board: PWO's board of directors are considered experienced (4.6 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: DB
  • Founded: 1919
  • Industry: Auto Parts and Equipment
  • Sector: Automobiles
  • Market Cap: €63.125m
  • 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

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
PWODB (Deutsche Boerse AG)YesOrdinary SharesDEEURJan 1992
PWOXTRA (XETRA Trading Platform)YesOrdinary SharesDEEURJan 1992
0NHLLSE (London Stock Exchange)YesOrdinary SharesGBEURJan 1992
PWOdBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBEURJan 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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/12/04 18:53
End of Day Share Price2020/12/03 00:00
Earnings2020/09/30
Annual Earnings2019/12/31


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.