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
Good value with adequate 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 has not had significant price volatility in the past 3 months.
7 Day Return
DE Auto Components
1 Year Return
DE Auto Components
Return vs Industry: PWO underperformed the German Auto Components industry which returned -18.1% over the past year.
Return vs Market: PWO underperformed the German Market which returned 0.1% 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
1 year ago | Simply Wall StIs It Too Late To Consider Buying Progress-Werk Oberkirch AG (FRA:PWO)?
1 year ago | Simply Wall StIs Progress-Werk Oberkirch AG (FRA:PWO) A Great Dividend Stock?
1 year 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 (€16.7) is trading below our estimate of fair value (€32.54)
Significantly Below Fair Value: PWO is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: PWO is poor value based on its PE Ratio (30.6x) compared to the XE Auto Components industry average (23.3x).
PE vs Market: PWO is poor value based on its PE Ratio (30.6x) compared to the German market (22.3x).
Price to Earnings Growth Ratio
PEG Ratio: PWO is good value based on its PEG Ratio (0.4x)
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 (1.5x).
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 (76.4% per year) is above the savings rate (0.2%).
Earnings vs Market: PWO's earnings (76.4% per year) are forecast to grow faster than the German market (26.7% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: PWO's revenue (3% per year) is forecast to grow slower than the German market (6% per year).
High Growth Revenue: PWO's revenue (3% 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 (7.8%).
How has Progress-Werk Oberkirch performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: PWO has a large one-off gain of €1.2M impacting its June 30 2020 financial results.
Growing Profit Margin: PWO's current net profit margins (0.5%) are lower than last year (0.8%).
Past Earnings Growth Analysis
Earnings Trend: PWO's earnings have declined by 5% per year over the past 5 years.
Accelerating Growth: PWO's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: PWO had negative earnings growth (-55.7%) over the past year, making it difficult to compare to the Auto Components industry average (-45.5%).
Return on Equity
High ROE: PWO's Return on Equity (1.5%) is considered low.
How is Progress-Werk Oberkirch's financial position?
Financial Position Analysis
Short Term Liabilities: PWO's short term assets (€144.8M) exceed its short term liabilities (€137.0M).
Long Term Liabilities: PWO's short term assets (€144.8M) exceed its long term liabilities (€127.6M).
Debt to Equity History and Analysis
Debt Level: PWO's debt to equity ratio (104.3%) is considered high.
Reducing Debt: PWO's debt to equity ratio has reduced from 137.4% to 104.3% over the past 5 years.
Debt Coverage: PWO's debt is well covered by operating cash flow (34.8%).
Interest Coverage: PWO's interest payments on its debt are not well covered by EBIT (2x coverage).
What is Progress-Werk Oberkirch 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
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 ...
|Member of Supervisory Board||2.42yrs||€37.00k||no data|
|Honorary Chairman of Supervisory Board||4.42yrs||no data||no data|
|Chairman of Supervisory Board||4.42yrs||€80.00k||no data|
|Employee Representative Member of Supervisory Board||14.42yrs||€40.00k||no data|
|Deputy Chairman of Supervisory Board||2.42yrs||€61.00k||no data|
|Member of Supervisory Board||2.42yrs||€48.00k||no data|
|Employee Representative Member of Supervisory Board||4.42yrs||€30.00k||no data|
Experienced Board: PWO's board of directors are considered experienced (4.4 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: €52.500m
- 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 Americ ...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/10/24 21:45|
|End of Day Share Price||2020/10/23 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.