Pfeiffer Vacuum Technology
Market Cap
€1.6b
Last Updated
2019/12/13 21:03 UTC
Data Sources
Company Financials +
Executive Summary
Pfeiffer Vacuum Technology AG develops, manufactures, and markets components and systems for vacuum generation, measurement, and analysis.
Rewards
Risk Analysis
Snowflake Analysis
Excellent balance sheet second-rate dividend payer.
Similar Companies
Share Price & News
How has Pfeiffer Vacuum Technology's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: PFV's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
-0.8%
PFV
1.8%
DE Machinery
1.0%
DE Market
1 Year Return
36.1%
PFV
-2.9%
DE Machinery
15.7%
DE Market
Return vs Industry: PFV exceeded the German Machinery industry which returned -2.9% over the past year.
Return vs Market: PFV exceeded the German Market which returned 15.7% over the past year.
Shareholder returns
| PFV | Industry | Market | |
|---|---|---|---|
| 7 Day | -0.8% | 1.8% | 1.0% |
| 30 Day | 1.0% | 1.1% | 1.0% |
| 90 Day | 7.2% | 2.5% | 6.7% |
| 1 Year | 38.5%36.1% | 0.2%-2.9% | 19.3%15.7% |
| 3 Year | 99.1%87.4% | -6.6%-13.3% | 19.5%8.9% |
| 5 Year | 166.0%134.0% | 21.2%7.4% | 36.9%18.3% |
Price Volatility Vs. Market
How volatile is Pfeiffer Vacuum Technology's share price compared to the market and industry in the last 5 years?
Simply Wall St News
5 days ago | Simply Wall St
Should You Be Excited About Pfeiffer Vacuum Technology AG's (ETR:PFV) 14% Return On Equity?2 weeks ago | Simply Wall St
Where Pfeiffer Vacuum Technology AG's (ETR:PFV) Earnings Growth Stands Against Its Industry1 month ago | Simply Wall St
Pfeiffer Vacuum Technology (ETR:PFV) Shareholders Have Enjoyed An Impressive 154% Share Price GainValuation
Is Pfeiffer Vacuum Technology undervalued compared to its fair value and its price relative to the market?
28.81x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: PFV (€158.7) is trading above our estimate of fair value (€96.48)
Significantly Below Fair Value: PFV is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: PFV is poor value based on its PE Ratio (28.8x) compared to the Machinery industry average (16.9x).
PE vs Market: PFV is poor value based on its PE Ratio (28.8x) compared to the German market (20.5x).
Price to Earnings Growth Ratio
PEG Ratio: PFV is poor value based on its PEG Ratio (1.6x)
Price to Book Ratio
PB vs Industry: PFV is overvalued based on its PB Ratio (4.1x) compared to the DE Machinery industry average (1.5x).
Next Steps
Future Growth
How is Pfeiffer Vacuum Technology forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?
17.8%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: PFV's forecast earnings growth (17.8% per year) is above the savings rate (-0.4%).
Earnings vs Market: PFV's earnings (17.8% per year) are forecast to grow faster than the German market (13.3% per year).
High Growth Earnings: PFV's earnings are forecast to grow, but not significantly.
Revenue vs Market: PFV's revenue (4.3% per year) is forecast to grow slower than the German market (4.9% per year).
High Growth Revenue: PFV's revenue (4.3% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: PFV's Return on Equity is forecast to be low in 3 years time (15%).
Next Steps
Past Performance
How has Pfeiffer Vacuum Technology performed over the past 5 years?
13.2%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: PFV has high quality earnings.
Growing Profit Margin: PFV's current net profit margins (8.5%) are lower than last year (9.8%).
Past Earnings Growth Analysis
Earnings Trend: PFV's earnings have grown by 13.2% per year over the past 5 years.
Accelerating Growth: PFV's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: PFV had negative earnings growth (-14.4%) over the past year, making it difficult to compare to the Machinery industry average (-0.6%).
Return on Equity
High ROE: PFV's Return on Equity (14.1%) is considered low.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is Pfeiffer Vacuum Technology's financial position?
Financial Position Analysis
Short Term Liabilities: PFV's short term assets (€350.6M) exceed its short term liabilities (€119.6M).
Long Term Liabilities: PFV's short term assets (€350.6M) exceed its long term liabilities (€139.8M).
Debt to Equity History and Analysis
Debt Level: PFV's debt to equity ratio (15.6%) is considered satisfactory.
Reducing Debt: PFV's debt to equity ratio has increased from 15.1% to 15.6% over the past 5 years.
Debt Coverage: PFV's debt is well covered by operating cash flow (101.1%).
Interest Coverage: PFV's interest payments on its debt are well covered by EBIT (108.2x coverage).
Balance Sheet
Inventory Level: PFV has a high level of physical assets or inventory.
Debt Coverage by Assets: PFV's debt is covered by short term assets (assets are 5.8x debt).
Next Steps
Dividend
What is Pfeiffer Vacuum Technology's current dividend yield, its reliability and sustainability?
1.45%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: PFV's dividend (1.45%) is higher than the bottom 25% of dividend payers in the German market (1.33%).
High Dividend: PFV's dividend (1.45%) is low compared to the top 25% of dividend payers in the German market (3.55%).
Stability and Growth of Payments
Stable Dividend: PFV's dividend payments have been volatile in the past 10 years.
Growing Dividend: PFV's dividend payments have fallen over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (41.8%), PFV's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: PFV's dividends in 3 years are forecast to be well covered by earnings (34% payout ratio).
Next Steps
Management
What is the CEO of Pfeiffer Vacuum Technology's salary, the management and board of directors tenure and is there insider trading?
2.8yrs
Average board tenure
CEO
Eric Taberlet 0
2.1yrs
Tenure
€482,000
Compensation
Dr. Eric Taberlet has been Chief Executive Officer of Pfeiffer Vacuum Technology AG since November 27, 2017 and has been its Chairman of the Management Board since November 2017. Dr. Taberlet has been Chie ...
CEO Compensation Analysis
Compensation vs Market: Eric's total compensation ($USD536.15K) is below average for companies of similar size in the German market ($USD1.49M).
Compensation vs Earnings: Eric's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
Board Age and Tenure
2.8yrs
Average Tenure
Experienced Board: PFV's board of directors are not considered experienced ( 2.8 years average tenure), which suggests a new board.
Insider Trading
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.
Management Team
Nathalie Benedikt (42yo)
CFO & Member of Management Board
- Tenure: 2.1yrs
- Compensation: €433.00k
Marcus Weinhagen
Managing Director of Trionos Vaccum Systems
- Tenure: 0yrs
Hind Beaujon
Head of Coating Market
- Tenure: 0yrs
Karen Bogdanski
Investor Relations Manager
- Tenure: 0yrs
Eric Taberlet
Chairman of the Management Board
- Tenure: 2.1yrs
- Compensation: €482.00k
Board Members
Götz Timmerbeil (51yo)
Vice Chairman of Supervisory Board
- Tenure: 13.6yrs
Manfred Gath (65yo)
Employee Representative Member of Supervisory Board
- Tenure: 13.6yrs
Henrik Newerla
Member of Supervisory Board
- Tenure: 1.8yrs
Filippo Beck
Member of Supervisory Board
- Tenure: 3.6yrs
Ayla Busch
Chairwoman of Supervisory Board
- Tenure: 2.1yrs
Matthias Mädler
Employee Representative Member of Supervisory Board
- Tenure: 0.4yrs
Company Information
Pfeiffer Vacuum Technology AG's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Pfeiffer Vacuum Technology AG
- Ticker: PFV
- Exchange: XTRA
- Founded: 1890
- Industry: Industrial Machinery
- Sector: Capital Goods
- Market Cap: €1.566b
- Shares outstanding: 9.87m
- Website: https://group.pfeiffer-vacuum.com
Number of Employees
Location
- Pfeiffer Vacuum Technology AG
- Berliner Strasse 43
- Asslar
- Wetzlar
- Hessen
- 35614
- Germany
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| PFV | DB (Deutsche Boerse AG) | Yes | Ordinary Shares | DE | EUR | Apr 1998 |
| PFV | XTRA (XETRA Trading Platform) | Yes | Ordinary Shares | DE | EUR | Apr 1998 |
| 0FQR | LSE (London Stock Exchange) | Yes | Ordinary Shares | GB | EUR | Apr 1998 |
| PFFV.F | OTCPK (Pink Sheets LLC) | Yes | Ordinary Shares | US | USD | Apr 1998 |
| PFVD | BATS-CHIXE (BATS 'Chi-X Europe') | Yes | Ordinary Shares | GB | EUR | Apr 1998 |
| PFV | SWX (SIX Swiss Exchange) | Yes | Ordinary Shares | CH | CHF | Apr 1998 |
| PFV | WBAG (Wiener Boerse AG) | Yes | Ordinary Shares | AT | EUR | Apr 1998 |
| PFV | ETLX (Eurotlx) | Yes | Ordinary Shares | IT | EUR | Apr 1998 |
Biography
Pfeiffer Vacuum Technology AG develops, manufactures, and markets components and systems for vacuum generation, measurement, and analysis. It offers hybrid bearing and splitflow turbo pumps, magnetically l ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/12/13 21:03 |
| End of Day Share Price | 2019/12/13 00:00 |
| Earnings | 2019/09/30 |
| Annual Earnings | 2018/12/31 |
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.