ENXTPA:PWG

Stock Analysis Report

Executive Summary

Prodways Group SA manufactures and sells industrial and professional 3D printers in Europe.

Snowflake

Fundamentals

Adequate balance sheet with concerning outlook.


Similar Companies

Share Price & News

How has Prodways Group's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-0.9%

PWG

2.1%

FR Machinery

4.2%

FR Market


1 Year Return

-32.4%

PWG

-9.8%

FR Machinery

9.4%

FR Market

Return vs Industry: PWG underperformed the French Machinery industry which returned -9.8% over the past year.

Return vs Market: PWG underperformed the French Market which returned 9.4% over the past year.


Shareholder returns

PWGIndustryMarket
7 Day-0.9%2.1%4.2%
30 Day-3.9%-2.6%0.2%
90 Day-14.9%-4.5%0.9%
1 Year-32.4%-32.4%0.2%-9.8%13.1%9.4%
3 Yearn/a50.5%33.2%44.4%30.5%
5 Yearn/a41.1%24.5%74.5%48.4%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Prodways Group undervalued compared to its fair value and its price relative to the market?

1.5x

Price to Book (PB) ratio


Share Price vs. Fair Value

Undervalued: PWG (€2.32) is trading above our estimate of fair value (€2.26)

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


Price To Earnings Ratio

PE vs Industry: PWG is unprofitable, so we can't compare its PE Ratio to the Machinery industry average.

PE vs Market: PWG is unprofitable, so we can't compare its PE Ratio to the French market.


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: PWG is overvalued based on its PB Ratio (1.5x) compared to the FR Machinery industry average (1.3x).


Next Steps

Future Growth

How is Prodways Group forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

106.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: PWG is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: PWG is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: PWG is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: PWG's revenue (11.3% per year) is forecast to grow faster than the French market (4.5% per year).

High Growth Revenue: PWG's revenue (11.3% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

High Future ROE: PWG's Return on Equity is forecast to be low in 3 years time (2.6%).


Next Steps

Past Performance

How has Prodways Group performed over the past 5 years?

-10.4%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: PWG is unprofitable, and losses have increased over the past 5 years at a rate of -10.4% per year.

Accelerating Growth: Unable to compare PWG's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: PWG is unprofitable, making it difficult to compare its past year earnings growth to the Machinery industry (-4.8%).


Return on Equity

High ROE: PWG has a negative Return on Equity (-6.93%), as it is currently unprofitable.


Return on Assets

ROA vs Industry: PWG is currently unprofitable, so its Return on Assets is negative.


Return on Capital Employed

ROCE Improving: PWG is currently unprofitable, so its Return on Capital Employed is negative.


Next Steps

Financial Health

How is Prodways Group's financial position?


Financial Position Analysis

Short Term Liabilities: PWG's short term assets (€44.2M) exceeds its short term liabilities (€25.2M)

Long Term Liabilities: PWG's short term assets (44.2M) exceeds its long term liabilities (14.7M)


Debt to Equity History and Analysis

Debt Level: PWG's debt to equity ratio (6.6%) is considered satisfactory

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


Balance Sheet

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

Debt Coverage by Assets: PWG's debt is covered by short term assets (assets are 8.450450x debt).


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: PWG has sufficient cash runway for more than 3 years based on its current free cash flow.

Forecast Cash Runway: Insufficient data to determine if PWG has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.


Next Steps

Dividend

What is Prodways Group's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%1.5%markettop25%4.6%industryaverage12.7%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

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

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

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


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

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


Next Steps

Management

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

2.9yrs

Average management tenure


CEO

Olivier Strebelle (39yo)

1yrs

Tenure

€185,808

Compensation

Mr. Olivier Strebelle is Chief Executive Officer of PRODWAYS GROUP since October 04, 2018. Mr. Strebelle was Deputy Chief Executive Officer of Strategy and Business Development at Groupe Gorge SA since May ...


CEO Compensation Analysis

Compensation vs. Market: Insufficient data to establish whether Olivier's total compensation is reasonable compared to companies of similar size in the French market.

Compensation vs Earnings: Olivier's compensation has increased whilst the company is unprofitable.


Management Age and Tenure

2.9yrs

Average Tenure

Experienced Management: PWG's management team is considered experienced (2.9 years average tenure).


Board Age and Tenure

2.4yrs

Average Tenure

46yo

Average Age

Experienced Board: PWG's board of directors are not considered experienced ( 2.4 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

  • André-Luc Allanic

    Head of R&D and Co-Founder

    • Tenure: 0yrs
  • Olivier Strebelle (39yo)

    CEO & Director

    • Tenure: 1yrs
    • Compensation: €185.81k
  • Alban D'halluin

    Managing Director of Technology

    • Tenure: 2.9yrs
  • Pierre-Olivie Gisserot

    Chief Financial Officer

    • Tenure: 3.8yrs

Board Members

  • Raphaël Gorgé

    Chairman

    • Tenure: 4.3yrs
    • Compensation: €307.59k
  • Loïc Le Berre

    Director

    • Tenure: 0.3yrs
    • Compensation: €236.00k
  • Céline Leroy

    Director

    • Tenure: 0.3yrs
  • Paul-François Fournier (51yo)

    Independent Director

    • Tenure: 2.4yrs
  • Catherine Gorgé

    Director

    • Tenure: 2.4yrs
    • Compensation: €40.93k
  • Hélène de Cointet (46yo)

    Independent Director

    • Tenure: 2.5yrs
  • Olivier Strebelle (39yo)

    CEO & Director

    • Tenure: 1yrs
    • Compensation: €185.81k
  • Michèle Lesieur

    Independent Director

    • Tenure: 0.3yrs
  • Yvon Gallet

    Chairman of Initial

    • Tenure: 0yrs

Company Information

Prodways Group SA's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Prodways Group SA
  • Ticker: PWG
  • Exchange: ENXTPA
  • Founded: 2013
  • Industry: Industrial Machinery
  • Sector: Capital Goods
  • Market Cap: €118.416m
  • Shares outstanding: 51.04m
  • Website: https://www.prodways-group.com

Number of Employees


Location

  • Prodways Group SA
  • 19, rue du Quatre-Septembre
  • Paris
  • Ile-de-France
  • 75002
  • France

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
PWGENXTPA (Euronext Paris)YesShare CapitalFREURMay 2017
PWGPBATS-CHIXE (BATS 'Chi-X Europe')YesShare CapitalGBEURMay 2017
5PDBST (Boerse-Stuttgart)YesShare CapitalDEEURMay 2017
0RQBLSE (London Stock Exchange)YesShare CapitalGBEURMay 2017

Biography

Prodways Group SA manufactures and sells industrial and professional 3D printers in Europe. It operates through two segments, Systems and Products. The Systems segment offers machines, such as 3D printing  ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/15 21:52
End of Day Share Price2019/10/15 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.