XTRA:TPE

Stock Analysis Report

Executive Summary

PVA TePla AG manufactures and sells systems for the production and refinement of high-tech materials worldwide.

Snowflake

Fundamentals

Flawless balance sheet with moderate growth potential.


Similar Companies

Share Price & News

How has PVA TePla's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-1.8%

TPE

-2.4%

DE Semiconductor

1.4%

DE Market


1 Year Return

7.8%

TPE

-0.8%

DE Semiconductor

3.8%

DE Market

Return vs Industry: TPE exceeded the German Semiconductor industry which returned -0.8% over the past year.

Return vs Market: TPE matched the German Market which returned 3.8% over the past year.


Shareholder returns

TPEIndustryMarket
7 Day-1.8%-2.4%1.4%
30 Day-6.5%-5.1%1.3%
90 Day0.7%-1.0%3.1%
1 Year7.8%7.8%0.9%-0.8%7.0%3.8%
3 Year336.5%336.5%14.4%10.7%18.5%8.3%
5 Year436.6%436.6%98.9%88.8%42.2%22.9%

Price Volatility Vs. Market

How volatile is PVA TePla's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is PVA TePla undervalued compared to its fair value and its price relative to the market?

26.14x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: TPE (€11) is trading above our estimate of fair value (€8.24)

Significantly Below Fair Value: TPE is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: TPE is poor value based on its PE Ratio (26.1x) compared to the Semiconductor industry average (20.6x).

PE vs Market: TPE is poor value based on its PE Ratio (26.1x) compared to the German market (19.2x).


Price to Earnings Growth Ratio

PEG Ratio: TPE is poor value based on its PEG Ratio (1.6x)


Price to Book Ratio

PB vs Industry: TPE is overvalued based on its PB Ratio (4.4x) compared to the DE Semiconductor industry average (2.3x).


Next Steps

Future Growth

How is PVA TePla forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?

16.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: TPE's forecast earnings growth (16.2% per year) is above the savings rate (0.2%).

Earnings vs Market: TPE's earnings (16.2% per year) are forecast to grow faster than the German market (12.6% per year).

High Growth Earnings: TPE's earnings are forecast to grow, but not significantly.

Revenue vs Market: TPE's revenue (10.7% per year) is forecast to grow faster than the German market (5% per year).

High Growth Revenue: TPE's revenue (10.7% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: TPE's Return on Equity is forecast to be low in 3 years time (19%).


Next Steps

Past Performance

How has PVA TePla performed over the past 5 years?

68.5%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: TPE has become profitable over the past 5 years, growing earnings by 68.5% per year.

Accelerating Growth: TPE's earnings growth over the past year (67.6%) is below its 5-year average (68.5% per year).

Earnings vs Industry: TPE earnings growth over the past year (67.6%) exceeded the Semiconductor industry 20.6%.


Return on Equity

High ROE: TPE's Return on Equity (16.8%) is considered low.


Return on Assets

ROA vs Industry: TPE's Return on Assets is below or equal to the Semiconductor industry average last year.


Return on Capital Employed

ROCE Improving: TPE has significantly improved its Return on Capital Employed over the past 3 years.


Next Steps

Financial Health

How is PVA TePla's financial position?


Financial Position Analysis

Short Term Liabilities: TPE's short term assets (€140.1M) exceeds its short term liabilities (€112.1M)

Long Term Liabilities: TPE's short term assets (140.1M) exceeds its long term liabilities (21.8M)


Debt to Equity History and Analysis

Debt Level: TPE's debt to equity ratio (4.9%) is considered satisfactory

Reducing Debt: TPE's debt to equity ratio has reduced from 29.3% to 4.9% over the past 5 years.

Debt Coverage: TPE's debt is well covered by operating cash flow (1090.8%).

Interest Coverage: TPE's interest payments on its debt are well covered by EBIT (59.1x coverage).


Balance Sheet

Inventory Level: TPE has a high level of physical assets or inventory.

Debt Coverage by Assets: TPE's debt is covered by short term assets (assets are 52.750370x debt).


Next Steps

Dividend

What is PVA TePla's current dividend yield, its reliability and sustainability?

0.68%

Forecast Dividend Yield


Dividend Yield vs Market

company0%marketbottom25%1.5%markettop25%3.8%industryaverage1.3%forecastin3Years0.7%

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: Unable to evaluate TPE's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate TPE's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.

Stable Dividend: Insufficient data to determine if TPE's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if TPE's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: TPE is not paying a notable dividend for the German market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of TPE's dividend in 3 years as they are not forecast to pay a notable one for the German market.


Next Steps

Management

What is the CEO of PVA TePla's salary, the management and board of directors tenure and is there insider trading?

€703k

CEO Compensation


CEO

Alfred Schopf (62yo)

2.2yrs

Tenure

€703,000

Compensation

Mr. Alfred Schopf has been the Chairman of Management Board at PVA TePla AG since June 21, 2017 and has been its Chief Executive Officer since August 17, 2017. Mr. Schopf served as Chief Financial Officer  ...


CEO Compensation Analysis

Compensation vs. Market: Alfred has recently become CEO, making it difficult to compare their total compensation against companies of similar size in the German market.

Compensation vs Earnings: Alfred's compensation has increased by more than 20% in the past year.


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


Management Team

  • Alfred Schopf (62yo)

    CEO & Chairman of Management Board

    • Tenure: 2.2yrs
    • Compensation: €703.00k
  • Christian Schaefer

    Managing Director of Plasma Systems

    • Tenure: 0yrs
  • Oliver Höfer (51yo)

    COO & Member of Management Board

    • Tenure: 5.9yrs
    • Compensation: €540.00k
  • Gert Fisahn

    Manager of Investor Relations

    • Tenure: 0yrs

Board Members

  • Alexander von Witzleben (56yo)

    Chairman of Supervisory Board

    • Tenure: 15.3yrs
    • Compensation: €50.00k
  • Gernot Hebestreit

    Deputy Chairman of Supervisory Board

    • Tenure: 0yrs
    • Compensation: €25.00k
  • Markus Thoma

    Member of Supervisory Board

    • Tenure: 5.3yrs
    • Compensation: €25.00k

Company Information

PVA TePla AG's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: PVA TePla AG
  • Ticker: TPE
  • Exchange: XTRA
  • Founded:
  • Industry: Semiconductor Equipment
  • Sector: Semiconductors
  • Market Cap: €239.250m
  • Shares outstanding: 21.75m
  • Website: https://www.pvatepla.com

Number of Employees


Location

  • PVA TePla AG
  • Im Westpark 10 – 12
  • Wettenberg
  • 35435
  • Germany

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
TPEDB (Deutsche Boerse AG)YesBearer SharesDEEURNov 2002
TPEXTRA (XETRA Trading Platform)YesBearer SharesDEEURNov 2002
0NL1LSE (London Stock Exchange)YesBearer SharesGBEURNov 2002
TPLK.FOTCPK (Pink Sheets LLC)YesBearer SharesUSUSDNov 2002
TPEDBATS-CHIXE (BATS 'Chi-X Europe')YesBearer SharesGBEURNov 2002

Biography

PVA TePla AG manufactures and sells systems for the production and refinement of high-tech materials worldwide. It operates through two divisions, Industrial Systems and Semiconductor Systems. The Industri ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/21 20:54
End of Day Share Price2019/10/21 00:00
Earnings2019/06/30
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.