XTRA:PFV

Stock Analysis Report

Pfeiffer Vacuum Technology

Executive Summary

Pfeiffer Vacuum Technology AG develops, manufactures, and markets components and systems for vacuum generation, measurement, and analysis.

Rewards

Earnings are forecast to grow 17.84% per year

Risk Analysis

Unstable dividend track record

Highly volatile share price over past 3 months



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

PFVIndustryMarket
7 Day-0.8%1.8%1.0%
30 Day1.0%1.1%1.0%
90 Day7.2%2.5%6.7%
1 Year38.5%36.1%0.2%-2.9%19.3%15.7%
3 Year99.1%87.4%-6.6%-13.3%19.5%8.9%
5 Year166.0%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

Valuation

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

company1.4%marketbottom25%1.3%markettop25%3.6%industryaverage2.2%forecastin3Years1.3%

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

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
PFVDB (Deutsche Boerse AG)YesOrdinary SharesDEEURApr 1998
PFVXTRA (XETRA Trading Platform)YesOrdinary SharesDEEURApr 1998
0FQRLSE (London Stock Exchange)YesOrdinary SharesGBEURApr 1998
PFFV.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDApr 1998
PFVDBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBEURApr 1998
PFVSWX (SIX Swiss Exchange)YesOrdinary SharesCHCHFApr 1998
PFVWBAG (Wiener Boerse AG)YesOrdinary SharesATEURApr 1998
PFVETLX (Eurotlx)YesOrdinary SharesITEURApr 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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/12/13 21:03
End of Day Share Price2019/12/13 00:00
Earnings2019/09/30
Annual Earnings2018/12/31


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.