Valuation Update With 7 Day Price Move • Sep 07
Investor sentiment improved over the past week After last week's 19% share price gain to €2.16, the stock trades at a trailing P/E ratio of 8.8x. Average trailing P/E is 9x in the Energy Services industry in Europe. Total loss to shareholders of 37% over the past three years. Reported Earnings • Aug 25
Second quarter 2022 earnings released: EPS: €0.03 (vs €0.021 in 2Q 2021) Second quarter 2022 results: EPS: €0.03 (up from €0.021 in 2Q 2021). Revenue: €89.8m (up 48% from 2Q 2021). Net income: €1.35m (up 28% from 2Q 2021). Profit margin: 1.5% (down from 1.7% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has fallen by 19% per year, which means it is performing significantly worse than earnings. Valuation Update With 7 Day Price Move • Aug 19
Investor sentiment improved over the past week After last week's 17% share price gain to €1.83, the stock trades at a trailing P/E ratio of 18.9x. Average trailing P/E is 9x in the Energy Services industry in Europe. Total loss to shareholders of 47% over the past three years. Valuation Update With 7 Day Price Move • Jul 26
Investor sentiment improved over the past week After last week's 17% share price gain to €1.62, the stock trades at a trailing P/E ratio of 16.7x. Average trailing P/E is 9x in the Energy Services industry in Europe. Total loss to shareholders of 56% over the past three years. Valuation Update With 7 Day Price Move • May 06
Investor sentiment improved over the past week After last week's 32% share price gain to €1.72, the stock trades at a trailing P/E ratio of 17.7x. Average trailing P/E is 10x in the Energy Services industry in Europe. Total loss to shareholders of 65% over the past three years. Reported Earnings • May 03
Full year 2021 earnings released: EPS: €0.097 (vs €0.25 in FY 2020) Full year 2021 results: EPS: €0.097 (down from €0.25 in FY 2020). Revenue: €237.0m (down 5.8% from FY 2020). Net income: €4.74m (down 61% from FY 2020). Profit margin: 2.0% (down from 4.8% in FY 2020). Over the last 3 years on average, earnings per share has fallen by 50% 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. Reported Earnings • Nov 23
Third quarter 2021 earnings: EPS in line with expectations, revenues disappoint Third quarter 2021 results: EPS: €0.04 (down from €0.13 in 3Q 2020). Revenue: €62.6m (up 18% from 3Q 2020). Net income: €1.83m (down 72% from 3Q 2020). Profit margin: 2.9% (down from 12% in 3Q 2020). Revenue missed analyst estimates by 2.1%. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 44 percentage points per year, which is a significant difference in performance. Executive Departure • Oct 03
Deputy Chairman of Management Board & CFO Valeriy Inyushin has left the company On the 27th of September, Valeriy Inyushin's tenure as Deputy Chairman of Management Board & CFO ended after 6.6 years in the role. We don't have any record of a personal shareholding under Valeriy's name. A total of 2 executives have left over the last 12 months. Reported Earnings • Aug 24
Second quarter 2021 earnings released: EPS €0.02 (vs €0.007 loss in 2Q 2020) The company reported a decent second quarter result with improved earnings and profit margins, although revenues were weaker. Second quarter 2021 results: Revenue: €60.6m (down 12% from 2Q 2020). Net income: €1.05m (up €1.40m from 2Q 2020). Profit margin: 1.7% (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 38 percentage points per year, which is a significant difference in performance. Announcement • Aug 20
Petro Welt Technologies AG Revises Earnings Guidance for 2021 Petro Welt Technologies AG revised earnings guidance for 2021. For the period, the company estimates revenue in the range of EUR 231.0 million to EUR 241.0 million based on an average exchange rate of RUB 86.0 per euro (former estimate: EUR 233.1 million to EUR 240.9 million, based on an exchange rate of RUB 92.0 per euro). Executive Departure • Jul 23
Chairman of Management Board & CEO Yury Semenov has left the company On the 19th of July, Yury Semenov was replaced as CEO by Denis Stankevich after 6.3 years in the role. We don't have any record of a personal shareholding under Yury's name. Yury is the only executive to leave the company over the last 12 months. Under Yury's leadership, the company delivered a total shareholder return of -80%. Executive Departure • Jul 23
Chairman of Management Board & CEO Yury Semenov has left the company On the 19th of July, Yury Semenov was replaced as CEO by Denis Stankevich after 6.3 years in the role. We don't have any record of a personal shareholding under Yury's name. Yury is the only executive to leave the company over the last 12 months. Under Yury's leadership, the company delivered a total shareholder return of -80%. Executive Departure • Jul 22
Chairman of Management Board & CEO Yury Semenov has left the company On the 19th of July, Yury Semenov was replaced as CEO by Denis Stankevich after 6.3 years in the role. We don't have any record of a personal shareholding under Yury's name. Yury is the only executive to leave the company over the last 12 months. Under Yury's leadership, the company delivered a total shareholder return of -80%. Reported Earnings • May 28
First quarter 2021 earnings released: €0.05 loss per share (vs €0.18 profit in 1Q 2020) The company reported a poor first quarter result with weaker earnings, revenues and control over costs. First quarter 2021 results: Revenue: €45.2m (down 47% from 1Q 2020). Net loss: €2.34m (down 127% from profit in 1Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 34 percentage points per year, which is a significant difference in performance. Reported Earnings • May 01
Full year 2020 earnings released The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: €252.3m (down 16% from FY 2019). Net income: €6.67m (up 23% from FY 2019). Profit margin: 2.6% (up from 1.8% in FY 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 59% 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. Is New 90 Day High Low • Feb 04
New 90-day high: €2.45 The company is up 30% from its price of €1.89 on 06 November 2020. The German market is up 14% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Energy Services industry, which is up 31% over the same period. Reported Earnings • Nov 29
Third quarter 2020 earnings released: EPS €0.13 The company reported a soft third quarter result with weaker earnings and revenues, although profit margins were improved. Third quarter 2020 results: Revenue: €53.1m (down 35% from 3Q 2019). Net income: €6.42m (down 30% from 3Q 2019). Profit margin: 12% (up from 11% in 3Q 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 54% per year but the company’s share price has only fallen by 28% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Nov 25
New 90-day high: €2.23 The company is up 5.0% from its price of €2.12 on 26 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 Energy Services industry, which is up 15% over the same period. Reported Earnings • Nov 22
Third quarter 2020 earnings released: EPS €0.13 The company reported a soft third quarter result with weaker earnings and revenues, although profit margins were improved. Third quarter 2020 results: Revenue: €53.1m (down 35% from 3Q 2019). Net income: €6.42m (down 30% from 3Q 2019). Profit margin: 12% (up from 11% in 3Q 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 54% per year but the company’s share price has only fallen by 32% per year, which means it has not declined as severely as earnings. Announcement • Nov 13
Petro Welt Technologies AG Revises Revenue Guidance for the Year 2020 Petro Welt Technologies AG revised revenue guidance for the year 2020. The major impact of COVID-19 on the economy has led to a reduction in the demand for oil products. As a result, the company has further reduced its forecast of the expected revenues for the fiscal year 2020 to EUR 255 million to EUR 260 million, based on an average exchange rate of RUB 92 per euro to be expected in the fourth quarter of 2020. Is New 90 Day High Low • Nov 03
New 90-day low: €1.93 The company is down 10.0% from its price of €2.14 on 04 August 2020. The German market is down 6.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Energy Services industry, which is down 15% over the same period. Announcement • Oct 13
Petro Welt Technologies AG Revises Earnings Guidance for the Fiscal Year 2020 Petro Welt Technologies AG provided the earnings guidance for the fiscal year 2020. The oilfield service industry is currently suffering from a continuing change of customers' drilling and intensification programs on the reduction of production plans in accordance with OPEC+ commitments and expectations of further oil price volatility. In addition, restrictions related to COVID-19 remain as a constraining factor. This global trend is also affecting the markets with Petro Welt Technologies AG's presence. The company has reduced its forecast of the annual revenues of the fiscal year 2020 from EUR 275-282 million to EUR 265-270 million, depending on the exchange rate volatility at the end of 2020. Is New 90 Day High Low • Sep 19
New 90-day low: €1.95 The company is down 32% from its price of €2.85 on 19 June 2020. The German market is up 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Energy Services industry, which is down 15% over the same period.