PNE3 Stock Overview
PNE AG engages in the development, planning, realization, financing, operation, and sales of wind and photovoltaic (PV) farms and transformer stations in Germany and internationally.
Price History & Performance
|Historical stock prices|
|Current Share Price||€13.00|
|52 Week High||€13.66|
|52 Week Low||€6.58|
|1 Month Change||-1.52%|
|3 Month Change||40.09%|
|1 Year Change||73.80%|
|3 Year Change||422.09%|
|5 Year Change||411.01%|
|Change since IPO||-68.11%|
Recent News & Updates
|PNE3||DE Electrical||DE Market|
Return vs Industry: PNE3 exceeded the German Electrical industry which returned -35.9% over the past year.
Return vs Market: PNE3 exceeded the German Market which returned -23% over the past year.
|PNE3 Average Weekly Movement||4.5%|
|Electrical Industry Average Movement||6.4%|
|Market Average Movement||5.6%|
|10% most volatile stocks in DE Market||10.0%|
|10% least volatile stocks in DE Market||2.8%|
Stable Share Price: PNE3 is not significantly more volatile than the rest of German stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: PNE3's weekly volatility (4%) has been stable over the past year.
About the Company
PNE AG engages in the development, planning, realization, financing, operation, and sales of wind and photovoltaic (PV) farms and transformer stations in Germany and internationally. The company develops, constructs, and sells onshore and offshore wind farms under the PNE and WKN brand names, as well as PVs; provides technical and commercial operations management services for wind farms, PV plants, and transformer stations; and generates electricity from wind and biomass power plant. It is also involved in the development photovoltaics and hybrid solutions.
PNE Fundamentals Summary
|PNE3 fundamental statistics|
Is PNE3 overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|PNE3 income statement (TTM)|
|Cost of Revenue||€39.47m|
Last Reported Earnings
Mar 31, 2022
Next Earnings Date
Aug 10, 2022
|Earnings per share (EPS)||0.45|
|Net Profit Margin||25.99%|
How did PNE3 perform over the long term?See historical performance and comparison
0.3%Current Dividend Yield
Is PNE3 undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 5/6
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Key Valuation Metric
Which metric is best to use when looking at relative valuation for PNE3?
Other financial metrics that can be useful for relative valuation.
|What is PNE3's n/a Ratio?|
Price to Earnings Ratio vs Peers
How does PNE3's PE Ratio compare to its peers?
|PNE3 PE Ratio vs Peers|
|Company||PE||Estimated Growth||Market Cap|
Price-To-Earnings vs Peers: PNE3 is good value based on its Price-To-Earnings Ratio (29.1x) compared to the peer average (3047.5x).
Price to Earnings Ratio vs Industry
How does PNE3's PE Ratio compare vs other companies in the Electrical Industry?
Price-To-Earnings vs Industry: PNE3 is good value based on its Price-To-Earnings Ratio (29.1x) compared to the German Electrical industry average (30.1x)
Price to Earnings Ratio vs Fair Ratio
What is PNE3's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
|Current PE Ratio||29.1x|
|Fair PE Ratio||29.4x|
Price-To-Earnings vs Fair Ratio: PNE3 is good value based on its Price-To-Earnings Ratio (29.1x) compared to the estimated Fair Price-To-Earnings Ratio (29.4x).
Share Price vs Fair Value
What is the Fair Price of PNE3 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: PNE3 (€13) is trading below our estimate of fair value (€13.74)
Significantly Below Fair Value: PNE3 is trading below fair value, but not by a significant amount.
Price to Earnings Growth Ratio
PEG Ratio: PNE3 is good value based on its PEG Ratio (0.9x)
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How is PNE forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?
Future Growth Score5/6
Future Growth Score 5/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: PNE3's forecast earnings growth (31.1% per year) is above the savings rate (-0.05%).
Earnings vs Market: PNE3's earnings (31.1% per year) are forecast to grow faster than the German market (8.3% per year).
High Growth Earnings: PNE3's earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: PNE3's revenue (20.8% per year) is forecast to grow faster than the German market (4.8% per year).
High Growth Revenue: PNE3's revenue (20.8% per year) is forecast to grow faster than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: PNE3's Return on Equity is forecast to be low in 3 years time (1.8%).
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How has PNE performed over the past 5 years?
Past Performance Score3/6
Past Performance Score 3/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: PNE3 has a high level of non-cash earnings.
Growing Profit Margin: PNE3's current net profit margins (26%) are higher than last year (2.3%).
Past Earnings Growth Analysis
Earnings Trend: PNE3's earnings have declined by 49.3% per year over the past 5 years.
Accelerating Growth: PNE3's earnings growth over the past year (1267.3%) exceeds its 5-year average (-49.3% per year).
Earnings vs Industry: PNE3 earnings growth over the past year (1267.3%) exceeded the Electrical industry 77.3%.
Return on Equity
High ROE: PNE3's Return on Equity (14.5%) is considered low.
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How is PNE's financial position?
Financial Health Score2/6
Financial Health Score 2/6
Short Term Liabilities
Long Term Liabilities
Financial Position Analysis
Short Term Liabilities: PNE3's short term assets (€401.3M) exceed its short term liabilities (€109.8M).
Long Term Liabilities: PNE3's short term assets (€401.3M) do not cover its long term liabilities (€514.3M).
Debt to Equity History and Analysis
Debt Level: PNE3's net debt to equity ratio (109.2%) is considered high.
Reducing Debt: PNE3's debt to equity ratio has increased from 52.7% to 181.6% over the past 5 years.
Debt Coverage: PNE3's debt is not well covered by operating cash flow (4.8%).
Interest Coverage: PNE3's interest payments on its debt are well covered by EBIT (3.5x coverage).
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What is PNE current dividend yield, its reliability and sustainability?
Dividend Score 0/6
Future Dividend Coverage
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: PNE3's dividend (0.31%) isn’t notable compared to the bottom 25% of dividend payers in the German market (1.47%).
High Dividend: PNE3's dividend (0.31%) is low compared to the top 25% of dividend payers in the German market (4.57%).
Stability and Growth of Payments
Stable Dividend: PNE3 is not paying a notable dividend for the German market, therefore no need to check if payments are stable.
Growing Dividend: PNE3 is not paying a notable dividend for the German market, therefore no need to check if payments are increasing.
Earnings Payout to Shareholders
Earnings Coverage: PNE3 is not paying a notable dividend for the German market.
Cash Payout to Shareholders
Cash Flow Coverage: PNE3 is paying a dividend but the company has no free cash flows.
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How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Markus Lesser (57 yo)
Mr. Markus Lesser has been the Chief Executive Officer of PNE AG (Formally known as PNE Wind AG) since May 26, 2016 and as its Member of Management Board since April 01, 2011. Mr. Lesser serves as the Chai...
CEO Compensation Analysis
Compensation vs Market: Markus's total compensation ($USD1.11M) is about average for companies of similar size in the German market ($USD1.34M).
Compensation vs Earnings: Markus's compensation has been consistent with company performance over the past year.
Experienced Board: PNE3's board of directors are not considered experienced ( 2.6 years average tenure), which suggests a new board.
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.
PNE AG's employee growth, exchange listings and data sources
- Name: PNE AG
- Ticker: PNE3
- Exchange: XTRA
- Founded: 1995
- Industry: Heavy Electrical Equipment
- Sector: Capital Goods
- Implied Market Cap: €992.375m
- Shares outstanding: 76.34m
- Website: https://www.pne-ag.com
Number of Employees
- PNE AG
- Peter-Henlein-Strasse 2-4
- Lower Saxony
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/06/24 00:00|
|End of Day Share Price||2022/06/24 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.