NasdaqGS:XONE

Stock Analysis Report

Executive Summary

The ExOne Company develops, manufactures, and markets three-dimensional (3D) printing machines, 3D printed and other products, materials, and services to industrial customers primarily in North America, Europe, and Asia.

Snowflake

Fundamentals

High growth potential with mediocre balance sheet.

Risks

  • ExOne has significant price volatility in the past 3 months.
  • ExOne is covered by less than 3 analysts.

Similar Companies

Share Price & News

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


Latest Share Price and Events


Market Performance


7 Day Return

-1.5%

NasdaqGS:XONE

-2.8%

US Machinery

-1.9%

US Market


1 Year Return

-16.6%

NasdaqGS:XONE

-10.1%

US Machinery

-3.3%

US Market

XONE underperformed the Machinery industry which returned -9.9% over the past year.

XONE underperformed the Market in United States of America which returned -3% over the past year.


Share holder returns

XONEIndustryMarket
7 Day-1.5%-2.8%-1.9%
30 Day-12.5%-11.7%-6.2%
90 Day-9.7%-4.1%0.3%
1 Year-16.6%-16.6%-8.2%-10.1%-1.1%-3.3%
3 Year-49.0%-49.0%32.4%23.8%37.9%28.9%
5 Year-75.2%-75.2%32.8%16.3%50.8%34.1%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is ExOne undervalued based on future cash flows and its price relative to the stock market?

2.13x

Price to Book (PB) ratio


Intrinsic Value Based on Future Cash Flows

Unable to calculate intrinsic value for ExOne to establish if it is available at moderate discount.

Unable to calculate intrinsic value for ExOne to establish if it is available at substantial discount.


Price Based on Earnings

ExOne is loss making, we can't compare its value to the US Machinery industry average.

ExOne is loss making, we can't compare the value of its earnings to the United States of America market.


Price Based on Expected Growth

Unable to calculate PEG ratio for ExOne, we can't assess if its growth is good value.


Price Based on Value of Assets

ExOne is overvalued based on assets compared to the US Machinery industry average.


Next Steps

Future Growth

How is ExOne expected to perform in the next 1 to 3 years based on estimates from 2 analysts?

140.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

ExOne's revenue is expected to grow significantly at over 20% yearly.

ExOne's earnings are expected to grow significantly at over 20% yearly.

ExOne's revenue growth is expected to exceed the United States of America market average.

ExOne's earnings growth is expected to exceed the United States of America market average.

ExOne's earnings growth is expected to exceed the low risk savings rate of 2.7%.


Earnings per Share Growth Estimates


Future Return on Equity

Unable to establish if ExOne will efficiently use shareholders’ funds in the future without estimates of Return on Equity.


Next Steps

Past Performance

How has ExOne performed over the past 5 years?

10.5%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

ExOne does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.

Unable to compare ExOne's 1-year earnings growth to the 5-year average as it is not currently profitable.

Unable to compare ExOne's 1-year growth to the US Machinery industry average as it is not currently profitable.


Return on Equity

It is difficult to establish if ExOne has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.


Return on Assets

It is difficult to establish if ExOne has efficiently used its assets last year compared to the US Machinery industry average (Return on Assets) as it is loss-making.


Return on Capital Employed

It is difficult to establish if ExOne improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.


Next Steps

Financial Health

How is ExOne's financial position?


Financial Position Analysis

ExOne is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.

ExOne's cash and other short term assets cover its long term commitments.


Debt to Equity History and Analysis

ExOne's level of debt (2.6%) compared to net worth is satisfactory (less than 40%).

The level of debt compared to net worth has increased over the past 5 years (1.6% vs 2.6% today).


Balance Sheet

High level of physical assets or inventory.

Debt is covered by short term assets, assets are 21.7x 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.

ExOne has less than a year of cash runway based on current free cash flow.

ExOne has less than a year of cash runway if free cash flow continues to grow at historical rates of 22.5% each year.


Next Steps

Dividend

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


Dividend Yield and Payments Analysis

Unable to evaluate ExOne's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.

Unable to evaluate ExOne's dividend against the top 25% market benchmark as the company has not reported any payouts.

Unable to perform a dividend volatility check as ExOne has not reported any payouts.

Unable to verify if ExOne's dividend has been increasing as the company has not reported any payouts.


Current Payout to Shareholders

Unable to calculate sustainability of dividends as ExOne has not reported any payouts.


Future Payout to Shareholders

Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.


Next Steps

Management

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

1.7yrs

Average management tenure


CEO

John Hartner (56yo)

0.3yrs

Tenure

US$613,897

Compensation

Mr. John F. Hartner serves as Chief Executive Officer at The ExOne Company. He served as a Chief Operating Officer at The ExOne Company since November 2018. Mr. Hartner has led technology companies around  ...


CEO Compensation Analysis

John's remuneration is about average for companies of similar size in United States of America.

Insufficient data for John to compare compensation growth.


Management Age and Tenure

1.7yrs

Average Tenure

53yo

Average Age

The average tenure for the ExOne management team is less than 2 years, this suggests a new team.


Board Age and Tenure

4.3yrs

Average Tenure

68yo

Average Age

The tenure for the ExOne board of directors is about average.


Insider Trading

No 3 month open market individual insider trading information.


Recent Insider Transactions

BuyUS$80,99822 May 19
Roger Thiltgen
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares10,000
Max PriceUS$8.10
SellUS$27,73720 Nov 18
John Irvin
EntityIndividual
Role
Member of the Board of Directors
Director
Shares2,850
Max PriceUS$10.01
SellUS$10,60014 Sep 18
Lloyd Semple
EntityIndividual
Role
Lead Director
Lead Independent Director
Shares1,250
Max PriceUS$8.48

Ownership Breakdown


Management Team

  • Nicole McEwen

    Marketing Director

    • Tenure: 0.0yrs
  • John Hartner (56yo)

    Chief Executive Officer

    • Tenure: 0.3yrs
    • Compensation: US$613.90k
  • Mark Cianci (56yo)

    Chief Commercial Officer

    • Tenure: 2.7yrs
    • Compensation: US$408.03k
  • Rick Lucas (53yo)

    Chief Technology Officer

    • Tenure: 7.2yrs
    • Compensation: US$318.41k
  • Loretta Benec (48yo)

    General Counsel & Corporate Secretary

    • Tenure: 1.8yrs
  • Bob Wood

    Chief Information Officer & Director of Direct Business Development

    • Tenure: 3.3yrs
  • Brian Smith (61yo)

    Senior Vice President of Corporate Development

    • Tenure: 1.1yrs
    • Compensation: US$405.08k
  • Doug Zemba (39yo)

    CFO, Chief Accounting Officer & Treasurer

    • Tenure: 1.1yrs
  • Jared Helfrich (33yo)

    Chief Commercial Officer

    • Tenure: 0.0yrs
  • Roland Ladewig

    Managing Director of ExOne GmbH

    • Tenure: 1.6yrs

Board Members

  • Bonnie Wachtel (63yo)

    Independent Director

    • Tenure: 6.5yrs
    • Compensation: US$96.05k
  • Lloyd Semple (80yo)

    Lead Independent Director

    • Tenure: 6.5yrs
    • Compensation: US$96.05k
  • John Irvin (64yo)

    Director

    • Tenure: 6.6yrs
    • Compensation: US$91.05k
  • Bill Strome (64yo)

    Independent Director

    • Tenure: 4.3yrs
    • Compensation: US$96.05k
  • S. Rockwell (74yo)

    Chairman

    • Tenure: 3.0yrs
    • Compensation: US$259.54k
  • Gregory Pashke (71yo)

    Independent Director

    • Tenure: 3.3yrs
    • Compensation: US$91.05k
  • Roger Thiltgen (68yo)

    Independent Director

    • Tenure: 1.0yrs
    • Compensation: US$36.66k

Company Information

The ExOne Company's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: The ExOne Company
  • Ticker: XONE
  • Exchange: NasdaqGS
  • Founded: 2005
  • Industry: Industrial Machinery
  • Sector: Capital Goods
  • Market Cap: US$119.169m
  • Shares outstanding: 16.41m
  • Website: https://www.exone.com

Number of Employees


Location

  • The ExOne Company
  • 127 Industry Boulevard
  • North Huntingdon
  • Pennsylvania
  • 15642
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
XONENasdaqGS (Nasdaq Global Select)YesCommon StockUSUSDFeb 2013
2EXDB (Deutsche Boerse AG)YesCommon StockDEEURFeb 2013
0QY8LSE (London Stock Exchange)YesCommon StockGBUSDFeb 2013

Biography

The ExOne Company develops, manufactures, and markets three-dimensional (3D) printing machines, 3D printed and other products, materials, and services to industrial customers primarily in North America, Eu ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/26 00:46
End of Day Share Price2019/08/23 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.