Announcement • Aug 10
PWO AG Provides Earnings Guidance for the Fiscal Year 2026 PWO AG provided earnings guidance for the fiscal year 2026. For the year, the company anticipated revenue of approximately EUR 500 million. EBIT before currency effects is expected to be in the range of EUR 13 million to EUR 17 million. Reported Earnings • Aug 09
Second quarter 2026 earnings released: €0.08 loss per share (vs €1.17 profit in 2Q 2025) Second quarter 2026 results: €0.08 loss per share (down from €1.17 profit in 2Q 2025). Revenue: €127.3m (down 6.7% from 2Q 2025). Net loss: €241.0k (down 107% from profit in 2Q 2025). Revenue is forecast to grow 4.1% p.a. on average during the next 2 years, while revenues in the Auto Components industry in Germany are expected to remain flat. Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings. Price Target Changed • May 20
Price target decreased by 12% to €37.00 Down from €42.00, the current price target is provided by 1 analyst. New target price is 42% above last closing price of €26.00. Stock is down 6.5% over the past year. The company is forecast to post earnings per share of €1.82 for next year compared to €2.56 last year. Declared Dividend • May 20
Dividend reduced to €1.65 Dividend of €1.65 is 5.7% lower than last year. Ex-date: 22nd May 2026 Payment date: 27th May 2026 Dividend yield will be 6.3%, which is higher than the industry average of 2.3%. Sustainability & Growth Dividend is covered by both earnings (79% earnings payout ratio) and cash flows (21% cash payout ratio). The dividend has increased over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 71% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Apr 13
PWO AG, Annual General Meeting, May 21, 2026 PWO AG, Annual General Meeting, May 21, 2026, at 14:00 W. Europe Standard Time. Announcement • Jan 19
PWO AG Provides Earnings Guidance for the Year 2025 and Year 2026 PWO AG provided earnings guidance for the year 2025 and year 2026. For the year 2025, the expect EBIT before currency effects in the range of EUR 23 million - EUR 28 million (with the upper half of the forecast range being very ambitious) and revenue of around EUR 510 million.
For the year 2026, expect revenue of around EUR 500 million and consolidated EBIT before currency effects in a range of EUR 13 million– EUR 17 million. Announcement • Jan 11
PWO AG to Report Fiscal Year 2025 Final Results on Mar 27, 2026 PWO AG announced that they will report fiscal year 2025 final results on Mar 27, 2026 Announcement • Mar 23
PWO AG to Report Fiscal Year 2024 Final Results on Mar 28, 2025 PWO AG announced that they will report fiscal year 2024 final results on Mar 28, 2025 Announcement • Feb 22
PWO AG to Report Fiscal Year 2024 Results on Mar 21, 2025 PWO AG announced that they will report fiscal year 2024 results on Mar 21, 2025 Reported Earnings • Nov 16
Third quarter 2024 earnings released: EPS: €0.94 (vs €1.43 in 3Q 2023) Third quarter 2024 results: EPS: €0.94 (down from €1.43 in 3Q 2023). Revenue: €134.3m (down 1.9% from 3Q 2023). Net income: €2.95m (down 34% from 3Q 2023). Profit margin: 2.2% (down from 3.3% in 3Q 2023). Revenue is forecast to grow 2.4% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Auto Components industry in Germany. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. New Risk • Oct 19
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: €91.9m (US$99.8m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.8x net interest cover). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (€91.9m market cap, or US$99.8m). Reported Earnings • Aug 12
Second quarter 2024 earnings released: EPS: €1.09 (vs €1.73 in 2Q 2023) Second quarter 2024 results: EPS: €1.09 (down from €1.73 in 2Q 2023). Revenue: €141.9m (up 1.5% from 2Q 2023). Net income: €3.40m (down 37% from 2Q 2023). Profit margin: 2.4% (down from 3.9% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.7% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the Auto Components industry in Germany. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Upcoming Dividend • May 31
Upcoming dividend of €1.75 per share Eligible shareholders must have bought the stock before 07 June 2024. Payment date: 11 June 2024. Payout ratio is a comfortable 33% and this is well supported by cash flows. Trailing yield: 5.6%. Within top quartile of German dividend payers (4.6%). Higher than average of industry peers (3.1%). Reported Earnings • May 17
First quarter 2024 earnings released: EPS: €1.06 (vs €1.00 in 1Q 2023) First quarter 2024 results: EPS: €1.06 (up from €1.00 in 1Q 2023). Revenue: €146.9m (up 4.2% from 1Q 2023). Net income: €3.32m (up 6.0% from 1Q 2023). Profit margin: 2.3% (up from 2.2% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.6% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the Auto Components industry in Germany. Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Reported Earnings • Mar 31
Full year 2023 earnings: Revenues and EPS in line with analyst expectations Full year 2023 results: EPS: €5.19 (up from €4.87 in FY 2022). Revenue: €567.4m (up 6.8% from FY 2022). Net income: €16.2m (up 6.6% from FY 2022). Profit margin: 2.9% (in line with FY 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 3.7% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Auto Components industry in Germany. Over the last 3 years on average, earnings per share has increased by 61% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. New Risk • Feb 05
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: €91.3m (US$98.0m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Minor Risks High level of debt (66% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (2.4% net profit margin). Market cap is less than US$100m (€91.3m market cap, or US$98.0m). Reported Earnings • Nov 09
Third quarter 2023 earnings released: EPS: €1.43 (vs €1.30 in 3Q 2022) Third quarter 2023 results: EPS: €1.43 (up from €1.30 in 3Q 2022). Revenue: €136.9m (flat on 3Q 2022). Net income: €4.47m (up 9.7% from 3Q 2022). Profit margin: 3.3% (up from 3.0% in 3Q 2022). Revenue is forecast to grow 3.9% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Auto Components industry in Germany. Over the last 3 years on average, earnings per share has increased by 72% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 10
Second quarter 2023 earnings released: EPS: €1.73 (vs €1.77 in 2Q 2022) Second quarter 2023 results: EPS: €1.73 (down from €1.77 in 2Q 2022). Revenue: €139.8m (up 9.7% from 2Q 2022). Net income: €5.40m (down 2.4% from 2Q 2022). Profit margin: 3.9% (down from 4.3% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 3.8% p.a. on average during the next 3 years, compared to a 5.4% growth forecast for the Auto Components industry in Germany. Over the last 3 years on average, earnings per share has increased by 79% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth. Announcement • Jul 27
PWO AG Raises Earnings Guidance for the Fiscal Year 2023 PWO AG raised earnings guidance for the fiscal year 2023. For the period, the company expects raising forecast for EBIT before currency effects in fiscal 2023 to between EUR 23 million and EUR 26 million (previously: EUR 20 million to EUR 23 million; fiscal 2022: EUR 27.5 million). Reported Earnings • May 18
First quarter 2023 earnings released: EPS: €1.00 (vs €1.67 in 1Q 2022) First quarter 2023 results: EPS: €1.00 (down from €1.67 in 1Q 2022). Revenue: €141.0m (up 7.8% from 1Q 2022). Net income: €3.13m (down 40% from 1Q 2022). Profit margin: 2.2% (down from 4.0% in 1Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 3.7% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the Auto Components industry in Germany. Over the last 3 years on average, earnings per share has increased by 69% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth. Announcement • May 12
Progress-Werk Oberkirch Ag Announces Distribution of Dividend for Fiscal Year 2022 Progress-Werk Oberkirch AG announced Distribution of a dividend of EUR 1.65 per share for fiscal year 2022. Upcoming Dividend • May 04
Upcoming dividend of €1.65 per share at 5.5% yield Eligible shareholders must have bought the stock before 11 May 2023. Payment date: 15 May 2023. Payout ratio is a comfortable 34% but the company is not cash flow positive. Trailing yield: 5.5%. Within top quartile of German dividend payers (4.7%). Higher than average of industry peers (2.5%). Price Target Changed • Apr 06
Price target increased by 23% to €43.00 Up from €34.90, the current price target is provided by 1 analyst. New target price is 41% above last closing price of €30.60. Stock is up 3.7% over the past year. The company is forecast to post earnings per share of €4.93 for next year compared to €5.79 last year. Reported Earnings • Aug 10
Second quarter 2022 earnings released: EPS: €1.77 (vs €1.49 in 2Q 2021) Second quarter 2022 results: EPS: €1.77 (up from €1.49 in 2Q 2021). Revenue: €127.4m (up 23% from 2Q 2021). Net income: €5.54m (up 19% from 2Q 2021). Profit margin: 4.3% (down from 4.5% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 3.0%, compared to a 10% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Price Target Changed • Jun 07
Price target decreased to €28.80 Down from €31.90, the current price target is provided by 1 analyst. New target price is 6.5% below last closing price of €30.80. Stock is down 8.9% over the past year. The company is forecast to post earnings per share of €4.45 for next year compared to €4.72 last year. Reported Earnings • May 14
First quarter 2022 earnings: EPS exceeds analyst expectations First quarter 2022 results: EPS: €1.67 (up from €1.32 in 1Q 2021). Revenue: €133.4m (up 21% from 1Q 2021). Net income: €5.21m (up 26% from 1Q 2021). Profit margin: 3.9% (up from 3.8% in 1Q 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 32%. Over the next year, revenue is forecast to grow 7.9%, compared to a 9.5% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • May 04
Upcoming dividend of €1.50 per share Eligible shareholders must have bought the stock before 11 May 2022. Payment date: 13 May 2022. Trailing yield: 4.9%. Within top quartile of German dividend payers (4.1%). Higher than average of industry peers (3.8%). Reported Earnings • Apr 03
Full year 2021 earnings: EPS exceeds analyst expectations Full year 2021 results: EPS: €4.72 (up from €3.73 loss in FY 2020). Revenue: €418.7m (up 13% from FY 2020). Net income: €14.7m (up €26.4m from FY 2020). Profit margin: 3.5% (up from net loss in FY 2020). The move to profitability was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 32%. Over the next year, revenue is forecast to grow 7.7%, compared to a 8.7% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Reported Earnings • Nov 04
Third quarter 2021 earnings released: EPS €0.86 (vs €1.24 loss in 3Q 2020) The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2021 results: Revenue: €95.2m (down 4.2% from 3Q 2020). Net income: €2.68m (up €6.55m from 3Q 2020). Profit margin: 2.8% (up from net loss in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 61% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. Reported Earnings • Aug 03
Second quarter 2021 earnings released: EPS €1.49 (vs €1.98 loss in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: €103.7m (up 109% from 2Q 2020). Net income: €4.66m (up €10.8m from 2Q 2020). Profit margin: 4.5% (up from net loss in 2Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 82 percentage points per year, which is a significant difference in performance. Reported Earnings • May 11
First quarter 2021 earnings released: EPS €1.32 (vs €1.04 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: €110.4m (up 1.4% from 1Q 2020). Net income: €4.14m (up 28% from 1Q 2020). Profit margin: 3.8% (up from 3.0% in 1Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 74 percentage points per year, which is a significant difference in performance. Reported Earnings • Apr 04
Full year 2020 earnings released: €3.73 loss per share (vs €2.91 profit in FY 2019) The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2020 results: Revenue: €382.0m (down 17% from FY 2019). Net loss: €11.7m (down 228% from profit in FY 2019). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 55 percentage points per year, which is a significant difference in performance. Price Target Changed • Mar 01
Price target raised to €29.40 Up from €24.90, the current price target is an average from 2 analysts. The new target price is 24% above the current share price of €23.80. As of last close, the stock is up 9.7% over the past year. Is New 90 Day High Low • Jan 06
New 90-day high: €22.20 The company is up 35% from its price of €16.50 on 08 October 2020. The German market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Auto Components industry, which is up 19% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €41.47 per share. Is New 90 Day High Low • Nov 14
New 90-day high: €19.40 The company is up 7.0% from its price of €18.20 on 14 August 2020. The German market is up 1.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Auto Components industry, which is up 13% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €26.70 per share. Price Target Changed • Nov 11
Price target raised to €28.80 Up from €24.90, the current price target is an average from 2 analysts. The new target price is 66% above the current share price of €17.30. As of last close, the stock is down 33% over the past year. Reported Earnings • Nov 10
Third quarter 2020 earnings released: €1.24 loss per share The company reported a poor third quarter result with weaker earnings, revenues and control over expenses. Third quarter 2020 results: Revenue: €100.8m (down 5.8% from 3Q 2019). Net loss: €3.86m (down 407% from profit in 3Q 2019). Over the last 3 years on average, earnings per share has fallen by 44% per year but the company’s share price has only fallen by 29% per year, which means it has not declined as severely as earnings.