company background image
PEN

Photon EnergyWSE:PEN Stock Report

Market Cap

zł413.3m

7D

-3.9%

1Y

-37.2%

Updated

21 Oct, 2021

Data

Company Financials
PEN fundamental analysis
Snowflake Score
Valuation0/6
Future Growth0/6
Past Performance0/6
Financial Health1/6
Dividends0/6

PEN Overview

Photon Energy N.V., through its subsidiaries, provides solar power solutions and services worldwide.

Price History & Performance

Summary of all time highs, changes and price drops for Photon Energy
Historical stock prices
Current Share Pricezł7.35
52 Week Highzł7.30
52 Week Lowzł16.00
Beta1.73
1 Month Change-8.13%
3 Month Change-4.55%
1 Year Change-37.18%
3 Year Change290.96%
5 Year Change665.63%
Change since IPO267.50%

Recent News & Updates

May 12
Photon Energy (WSE:PEN) Is Carrying A Fair Bit Of Debt

Photon Energy (WSE:PEN) Is Carrying A Fair Bit Of Debt

David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...

Jan 27
Is Photon Energy (WSE:PEN) A Risky Investment?

Is Photon Energy (WSE:PEN) A Risky Investment?

Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...

Shareholder Returns

PENPL ElectricalPL Market
7D-3.9%-1.8%-0.6%
1Y-37.2%-32.8%42.4%

Return vs Industry: PEN underperformed the Polish Electrical industry which returned -33.3% over the past year.

Return vs Market: PEN underperformed the Polish Market which returned 43% over the past year.

Price Volatility

Is PEN's price volatile compared to industry and market?
PEN volatility
PEN Beta1.73
Industry Beta1.68
Market Beta1

Stable Share Price: PEN is less volatile than 75% of Polish stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: PEN's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2008142Georg Hotarhttps://www.photonenergy.com

Photon Energy N.V., through its subsidiaries, provides solar power solutions and services worldwide. It operates through Solutions; Technology; Investments; Operations & Maintenance; and Other segments. The company invests in and generates electricity through photovoltaic power plants.

Photon Energy Fundamentals Summary

How do Photon Energy's earnings and revenue compare to its market cap?
PEN fundamental statistics
Market Cap€89.78m
Earnings (TTM)-€9.98m
Revenue (TTM)€28.49m

3.2x

P/S Ratio

-9.0x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
PEN income statement (TTM)
Revenue€28.49m
Cost of Revenue€5.60m
Gross Profit€22.88m
Expenses€32.86m
Earnings-€9.98m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

Nov 10, 2021

Earnings per share (EPS)-0.18
Gross Margin80.33%
Net Profit Margin-35.04%
Debt/Equity Ratio212.5%

How did PEN perform over the long term?

See historical performance and comparison

Valuation

Is Photon Energy undervalued compared to its fair value and its price relative to the market?

1.73x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate PEN's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate PEN's fair value to establish if it is undervalued.


Price To Earnings Ratio

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

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


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: PEN is overvalued based on its PB Ratio (1.7x) compared to the PL Electrical industry average (1.3x).


Future Growth

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

23.8%

Forecasted Capital Goods 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 Photon Energy 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.


Past Performance

How has Photon Energy performed over the past 5 years?

-43.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: PEN is currently unprofitable.

Growing Profit Margin: PEN is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: PEN is unprofitable, and losses have increased over the past 5 years at a rate of 43.5% per year.

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

Earnings vs Industry: PEN is unprofitable, making it difficult to compare its past year earnings growth to the Electrical industry (85.3%).


Return on Equity

High ROE: PEN has a negative Return on Equity (-19.49%), as it is currently unprofitable.


Financial Health

How is Photon Energy's financial position?


Financial Position Analysis

Short Term Liabilities: PEN's short term assets (€37.2M) exceed its short term liabilities (€11.1M).

Long Term Liabilities: PEN's short term assets (€37.2M) do not cover its long term liabilities (€114.6M).


Debt to Equity History and Analysis

Debt Level: PEN's debt to equity ratio (212.5%) is considered high.

Reducing Debt: PEN's debt to equity ratio has increased from 192.8% to 212.5% over the past 5 years.


Balance Sheet


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: PEN has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: PEN has less than a year of cash runway if free cash flow continues to reduce at historical rates of 54.2% each year


Dividend

What is Photon Energy current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

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

Growing Dividend: Insufficient data to determine if PEN'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 PEN's dividend in 3 years as they are not forecast to pay a notable one for the Polish market.


Next Steps

Management

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

10.4yrs

Average management tenure


CEO

Georg Hotar (46 yo)

10.42yrs

Tenure

Mr. Georg Hotar co-founded Photon Energy Investments NV in 2008 and has been its Chief Executive Officer since May 2011. Mr. Hotar co-founded Photon Energy N.V. in 2008 and has been its Chief Executive Off...


Leadership Team

Experienced Management: PEN's management team is seasoned and experienced (10.4 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.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 9.8%.


Top Shareholders

Company Information

Photon Energy N.V.'s employee growth, exchange listings and data sources


Key Information

  • Name: Photon Energy N.V.
  • Ticker: PEN
  • Exchange: WSE
  • Founded: 2008
  • Industry: Electrical Components and Equipment
  • Sector: Capital Goods
  • Market Cap: zł413.322m
  • Shares outstanding: 56.23m
  • Website: https://www.photonenergy.com

Number of Employees


Location

  • Photon Energy N.V.
  • Barbara Strozzilaan 201
  • Amsterdam
  • Noord-Holland
  • 1083 HN
  • Netherlands

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/21 21:03
End of Day Share Price2021/10/21 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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.