DB:LPK

Stock Analysis Report

LPKF Laser & Electronics

Executive Summary

LPKF Laser & Electronics AG, together with its subsidiaries, designs and manufactures laser systems in Germany, Rest of Europe, North America, Asia, and internationally.

Snowflake

Fundamentals

Flawless balance sheet with proven track record.


Similar Companies

Share Price & News

How has LPKF Laser & Electronics's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

7.4%

LPK

3.9%

DE Electronic

3.9%

DE Market


1 Year Return

79.5%

LPK

-9.2%

DE Electronic

3.4%

DE Market

Return vs Industry: LPK exceeded the German Electronic industry which returned -9.2% over the past year.

Return vs Market: LPK exceeded the German Market which returned 3.4% over the past year.


Shareholder returns

LPKIndustryMarket
7 Day7.4%3.9%3.9%
30 Day10.8%2.9%2.1%
90 Day79.5%1.5%3.7%
1 Year79.5%79.5%-8.3%-9.2%6.7%3.4%
3 Year34.8%34.8%45.8%42.4%18.9%8.6%
5 Year22.3%20.7%133.4%121.2%41.8%22.5%

Price Volatility Vs. Market

How volatile is LPKF Laser & Electronics's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is LPKF Laser & Electronics undervalued compared to its fair value and its price relative to the market?

23.16x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Undervalued: LPK (€12.35) is trading above our estimate of fair value (€8.64)

Significantly Undervalued: LPK is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: LPK is poor value based on its PE Ratio (23.2x) compared to the Electronic industry average (19.6x).

PE vs Market: LPK is poor value based on its PE Ratio (23.2x) compared to the German market (19.4x).


Price to Earnings Growth Ratio

Low PEG Ratio: LPK is poor value based on its PEG Ratio (1.9x)


Price to Book Ratio

PB vs Industry: LPK is overvalued based on its PB Ratio (3.6x) compared to the DE Electronic industry average (2x).


Next Steps

Future Growth

How is LPKF Laser & Electronics forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?

12.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: LPK's forecast earnings growth (12.4% per year) is above the savings rate (0.2%).

Earnings vs Market: LPK's earnings (12.4% per year) are forecast to grow slower than the German market (12.6% per year).

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

Revenue vs Market: LPK's revenue (6.8% per year) is forecast to grow faster than the German market (5% per year).

High Growth Revenue: LPK's revenue (6.8% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

High Future ROE: LPK's Return on Equity is forecast to be low in 3 years time (14.9%).


Next Steps

Past Performance

How has LPKF Laser & Electronics performed over the past 5 years?

12.7%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: LPK's earnings have grown by 12.7% per year over the past 5 years.

Accelerating Growth: LPK's earnings growth over the past year (165.6%) exceeds its 5-year average (12.7% per year).

Earnings vs Industry: LPK earnings growth over the past year (165.6%) exceeded the Electronic industry 9.9%.


Return on Equity

High ROE: LPK's Return on Equity (16%) is considered low.


Return on Assets

ROA vs Industry: LPK has a higher Return on Assets than the Electronic industry average last year.


Return on Capital Employed

ROCE Improving: LPK's Return on Capital Employed has declined over the past 3 years.


Next Steps

Financial Health

How is LPKF Laser & Electronics's financial position?


Financial Position Analysis

Short Term Liabilities: LPK's short term assets (€55.6M) exceeds its short term liabilities (€25.6M)

Long Term Liabilities: LPK's short term assets (55.6M) exceeds its long term liabilities (10.6M)


Debt to Equity History and Analysis

Debt Level: LPK's debt to equity ratio (10.3%) is considered satisfactory

Reducing Debt: LPK's debt to equity ratio has reduced from 57.2% to 10.3% over the past 5 years.

Debt Coverage: LPK's debt is well covered by operating cash flow (384.7%).

Interest Coverage: LPK's interest payments on its debt are well covered by EBIT (24.8x coverage).


Balance Sheet

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

Debt Coverage by Assets: LPK's debt is covered by short term assets (assets are 6.360360x debt).


Next Steps

Dividend

What is LPKF Laser & Electronics's current dividend yield, its reliability and sustainability?

1.44%

Forecast Dividend Yield


Dividend Yield vs Market

company0%marketbottom25%1.5%markettop25%3.8%industryaverage1.4%forecastin3Years1.4%

Current dividend yield vs market & industry


Stability and Growth of Payments

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

High Dividend: Unable to evaluate LPK'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 LPK's dividends per share have been stable in the past.

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


Current Payout to Shareholders

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


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of LPK'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 LPKF Laser & Electronics's salary, the management and board of directors tenure and is there insider trading?

1.3yrs

Average management tenure


CEO

Goetz Bendele (48yo)

1.4yrs

Tenure

€364,000

Compensation

Dr. Goetz M. Bendele is the Chief Executive Officer at LPKF Laser & Electronics Aktiengesellschaft since May 1, 2018 and has been its Board Member since 2018. Dr. Bendele has extensive sales and management ...


CEO Compensation Analysis

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

Compensation vs Earnings: Insufficient data to compare Goetz's compensation with company performance.


Management Age and Tenure

1.3yrs

Average Tenure

48yo

Average Age

Experienced Management: LPK's management team is not considered experienced ( 1.3 years average tenure), which suggests a new team.


Board Age and Tenure

2.0yrs

Average Tenure

Experienced Board: LPK's board of directors are not considered experienced ( 2 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


Management Team

  • Stephan Schmidt

    President of Lpkf Laser & Electronics Inc. USA

    • Tenure: 0yrs
  • Kai Bentz (48yo)

    • Tenure: 1.1yrs
    • Compensation: €511.00k
  • Michael Agater

    Senior Vice President of Production

    • Tenure: 0yrs
  • Nils Heininger

    Senior Vice President

    • Tenure: 0yrs
  • Jürgen Bergedieck

    Managing Director of LPKF SolarQuipment GmbH

    • Tenure: 0yrs
  • Bettina Schafer

    Department Manager of Group Communication & Investor Relations

    • Tenure: 0yrs
  • Markus Konig

    Head of Operations and Development Divisions for Laser Plastic Welding Business Unit

    • Tenure: 5.1yrs
  • Goetz Bendele (48yo)

    CEO & Member of Management Board

    • Tenure: 1.4yrs
    • Compensation: €364.00k
  • Christian Witt (48yo)

    CFO & Member of the Management Board

    • Tenure: 1.1yrs
    • Compensation: €264.00k

Board Members

  • Erich Barke (73yo)

    Deputy Chairman of Supervisory Board

    • Tenure: 1.3yrs
  • Dirk Rothweiler

    Member of Supervisory Board

    • Tenure: 2.3yrs
  • Markus Peters

    Chairman of the Supervisory Board

    • Tenure: 2yrs

Company Information

LPKF Laser & Electronics AG's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: LPKF Laser & Electronics AG
  • Ticker: LPK
  • Exchange: DB
  • Founded: 1976
  • Industry: Electronic Equipment and Instruments
  • Sector: Tech
  • Market Cap: €302.532m
  • Shares outstanding: 24.50m
  • Website: https://www.lpkf.com

Number of Employees


Location

  • LPKF Laser & Electronics AG
  • Osteriede 7
  • Garbsen
  • Lower Saxony
  • 30827
  • Germany

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
LPKDB (Deutsche Boerse AG)YesOrdinary SharesDEEURNov 1998
LPKXTRA (XETRA Trading Platform)YesOrdinary SharesDEEURNov 1998
0ND2LSE (London Stock Exchange)YesOrdinary SharesGBEURNov 1998
LPKF.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDNov 1998
LPKDBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBEURNov 1998

Biography

LPKF Laser & Electronics AG, together with its subsidiaries, designs and manufactures laser systems in Germany, Rest of Europe, North America, Asia, and internationally. The company operates through four s ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/17 20:32
End of Day Share Price2019/10/17 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.