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CTNK

centrotherm international DB:CTNK Stock Report

Last Price

€3.76

Market Cap

€79.6m

7D

-9.4%

1Y

-6.2%

Updated

29 Jun, 2022

Data

Company Financials
CTNK fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance3/6
Financial Health5/6
Dividends0/6

CTNK Stock Overview

centrotherm international AG provides production equipment and solutions for the photovoltaic, semiconductor, and microelectronic industries worldwide.

centrotherm international Competitors

Price History & Performance

Summary of all time highs, changes and price drops for centrotherm international
Historical stock prices
Current Share Price€3.76
52 Week High€6.70
52 Week Low€3.76
Beta0.75
1 Month Change-7.39%
3 Month Change-27.41%
1 Year Change-6.23%
3 Year Change51.61%
5 Year Change71.93%
Change since IPO-27.69%

Recent News & Updates

May 06
centrotherm international's (FRA:CTNK) Earnings Are Weaker Than They Seem

centrotherm international's (FRA:CTNK) Earnings Are Weaker Than They Seem

centrotherm international AG ( FRA:CTNK ) announced strong profits, but the stock was stagnant. Our analysis suggests...

May 29
Is centrotherm international (FRA:CTNK) A Risky Investment?

Is centrotherm international (FRA:CTNK) A Risky Investment?

The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...

Shareholder Returns

CTNKDE SemiconductorDE Market
7D-9.4%-0.7%-1.3%
1Y-6.2%-28.3%-22.2%

Return vs Industry: CTNK exceeded the German Semiconductor industry which returned -27.8% over the past year.

Return vs Market: CTNK exceeded the German Market which returned -21.5% over the past year.

Price Volatility

Is CTNK's price volatile compared to industry and market?
CTNK volatility
CTNK Average Weekly Movement8.7%
Semiconductor Industry Average Movement7.1%
Market Average Movement5.6%
10% most volatile stocks in DE Market10.2%
10% least volatile stocks in DE Market2.9%

Stable Share Price: CTNK is more volatile than 75% of German stocks over the past 3 months, typically moving +/- 9% a week.

Volatility Over Time: CTNK's weekly volatility (9%) has been stable over the past year, but is still higher than 75% of German stocks.

About the Company

FoundedEmployeesCEOWebsite
1948556Jan von Schuckmannhttps://www.centrotherm.de

centrotherm international AG provides production equipment and solutions for the photovoltaic, semiconductor, and microelectronic industries worldwide. It offers low pressure diffusion furnace, plasma enhanced chemical vapor deposition and LPCVD systems, fast firing furnaces, regeneration furnaces, and batch-type systems; integrated production solutions for the manufacturing of mono and multi-crystalline solar cells; and horizontal and vertical batch systems, single wafer systems, and vertical high temperature furnaces for use in semiconductors. The company also provides logic and memory devices, power semiconductors, LED, SMT, and MEMS or sensor technology products; production systems delivery, assembly, and commissioning services; training of customer staff in the operation of production systems; replacement parts purchasing services; supplementary and consulting services for systems; remote control and maintenance services for the analysis and troubleshooting of system errors; optimization services for processes and production stages; maintenance services; and retrofitting, refurbishment, and equipment upgradation services.

centrotherm international Fundamentals Summary

How do centrotherm international's earnings and revenue compare to its market cap?
CTNK fundamental statistics
Market Cap€79.57m
Earnings (TTM)€11.61m
Revenue (TTM)€189.60m

6.9x

P/E Ratio

0.4x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
CTNK income statement (TTM)
Revenue€189.60m
Cost of Revenue€108.48m
Gross Profit€81.13m
Other Expenses€69.52m
Earnings€11.61m

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.55
Gross Margin42.79%
Net Profit Margin6.12%
Debt/Equity Ratio39.3%

How did CTNK perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

Is CTNK undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

Which metric is best to use when looking at relative valuation for CTNK?

Other financial metrics that can be useful for relative valuation.

CTNK key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue0.3x
Enterprise Value/EBITDA3.9x
PEG Ration/a

Price to Earnings Ratio vs Peers

How does CTNK's PE Ratio compare to its peers?

CTNK PE Ratio vs Peers
The above table shows the PE ratio for CTNK vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average20.6x
SMHN SÜSS MicroTec
15.7x35.8%€261.9m
TPE PVA TePla
31.3x19.6%€416.1m
WAF Siltronic
7.1x6.1%€2.2b
AIXA AIXTRON
26.1x18.0%€2.7b
CTNK centrotherm international
6.9xn/a€79.6m

Price-To-Earnings vs Peers: CTNK is good value based on its Price-To-Earnings Ratio (6.9x) compared to the peer average (20.6x).


Price to Earnings Ratio vs Industry

How does CTNK's PE Ratio compare vs other companies in the European Semiconductor Industry?

Price-To-Earnings vs Industry: CTNK is good value based on its Price-To-Earnings Ratio (6.9x) compared to the German Semiconductor industry average (16.6x)


Price to Earnings Ratio vs Fair Ratio

What is CTNK'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.

CTNK PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio6.9x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate CTNK's Price-To-Earnings Fair Ratio for valuation analysis.


Share Price vs Fair Value

What is the Fair Price of CTNK when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: CTNK (€3.76) is trading above our estimate of fair value (€3.16)

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


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate CTNK's PEG Ratio to determine if it is good value.


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Future Growth

How is centrotherm international forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


14.9%

Forecasted Semiconductors industry annual growth in earnings

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as centrotherm international has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


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  • Examine centrotherm international's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
  • centrotherm international competitive advantages and company strategy can generally be found in its financial reports archived here.

Past Performance

How has centrotherm international performed over the past 5 years?

Past Performance Score

3/6

Past Performance Score 3/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-15.3%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: CTNK has a high level of non-cash earnings.

Growing Profit Margin: CTNK became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: CTNK has become profitable over the past 5 years, growing earnings by -15.3% per year.

Accelerating Growth: CTNK has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: CTNK has become profitable in the last year, making it difficult to compare its past year earnings growth to the Semiconductor industry (79.5%).


Return on Equity

High ROE: CTNK's Return on Equity (26.5%) is considered high.


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Financial Health

How is centrotherm international's financial position?

Financial Health Score

5/6

Financial Health Score 5/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: CTNK's short term assets (€225.8M) exceed its short term liabilities (€207.5M).

Long Term Liabilities: CTNK's short term assets (€225.8M) exceed its long term liabilities (€19.5M).


Debt to Equity History and Analysis

Debt Level: CTNK has more cash than its total debt.

Reducing Debt: Insufficient data to determine if CTNK's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: CTNK's debt is well covered by operating cash flow (55.9%).

Interest Coverage: CTNK's interest payments on its debt are well covered by EBIT (13.7x coverage).


Balance Sheet


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Dividend

What is centrotherm international current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage

Dividend Yield vs Market

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

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


Stability and Growth of Payments

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

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


Earnings Payout to Shareholders

Earnings Coverage: CTNK is not paying a notable dividend for the German market.


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as CTNK has not reported any payouts.


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Management

How experienced are the management team and are they aligned to shareholders interests?

0.8yrs

Average management tenure


CEO

Jan von Schuckmann

5.67yrs

Tenure

€432,000

Compensation

Mr. Jan von Schuckmann has been the Chief Executive Officer of centrotherm international AG (formerly known as centrotherm photovoltaics AG) since January 11, 2017 and has been its Member of Management Boa...


Leadership Team

Experienced Management: CTNK's management team is not considered experienced ( 0.8 years average tenure), which suggests a new team.


Board Members

Experienced Board: CTNK's board of directors are considered experienced (6.3 years average tenure).


Ownership

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.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

centrotherm international AG's employee growth, exchange listings and data sources


Key Information

  • Name: centrotherm international AG
  • Ticker: CTNK
  • Exchange: DB
  • Founded: 1948
  • Industry: Semiconductor Equipment
  • Sector: Semiconductors
  • Implied Market Cap: €79.571m
  • Shares outstanding: 21.16m
  • Website: https://www.centrotherm.de

Number of Employees


Location

  • centrotherm international AG
  • Württemberger Strasse 31
  • Blaubeuren
  • Baden-Württemberg
  • 89143
  • Germany

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/06/29 00:00
End of Day Share Price2022/06/29 00:00
Earnings2021/12/31
Annual Earnings2021/12/31


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.