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

Fair value with mediocre balance sheet.


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

-5.9%

XONE

4.7%

US Machinery

1.8%

US Market


1 Year Return

-23.2%

XONE

6.6%

US Machinery

7.3%

US Market

Return vs Industry: XONE underperformed the US Machinery industry which returned 6.6% over the past year.

Return vs Market: XONE underperformed the US Market which returned 7.3% over the past year.


Shareholder returns

XONEIndustryMarket
7 Day-5.9%4.7%1.8%
30 Day-24.0%-0.6%-0.7%
90 Day-13.6%-0.9%0.06%
1 Year-23.2%-23.2%8.9%6.6%9.7%7.3%
3 Year-45.7%-45.7%49.4%39.7%46.3%36.9%
5 Year-68.4%-68.4%57.6%38.4%64.5%46.5%

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 compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Undervalued: XONE ($6.71) is trading below our estimate of fair value ($18.8)

Significantly Undervalued: XONE is trading below fair value by more than 20%.


Price To Earnings Ratio

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

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


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: XONE is good value based on its PB Ratio (2x) compared to the US Machinery industry average (2.2x).


Next Steps

Future Growth

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

118.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

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

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

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

Revenue vs Market: XONE's revenue (15.5% per year) is forecast to grow faster than the US market (7.3% per year).

High Growth Revenue: XONE's revenue (15.5% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

High Future ROE: Insufficient data to determine if XONE's Return on Equity is forecast to be high in 3 years time


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

Earnings Trend: XONE is unprofitable, but has reduced losses over the past 5 years at a rate of 10.5% per year.

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

Earnings vs Industry: XONE is unprofitable, making it difficult to compare its past year earnings growth to the Machinery industry (18.7%).


Return on Equity

High ROE: XONE has a negative Return on Equity (-11.75%), as it is currently unprofitable.


Return on Assets

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


Return on Capital Employed

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


Next Steps

Financial Health

How is ExOne's financial position?


Financial Position Analysis

Short Term Liabilities: XONE's short term assets ($31.1M) exceeds its short term liabilities ($16.2M)

Long Term Liabilities: XONE's short term assets (31.1M) exceeds its long term liabilities (1.9M)


Debt to Equity History and Analysis

Debt Level: XONE's debt to equity ratio (2.6%) is considered satisfactory

Reducing Debt: XONE's debt to equity ratio has increased from 1.6% to 2.6% over the past 5 years.


Balance Sheet

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

Debt Coverage by Assets: XONE's debt is covered by short term assets (assets are 21.663880x 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: XONE has less than a year of cash runway based on its current free cash flow.

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


Next Steps

Dividend

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


Dividend Yield vs Market

companyn/amarketbottom25%1.5%markettop25%3.7%industryaverage2.1%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

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

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

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


Next Steps

Management

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

1.9yrs

Average management tenure


CEO

John Hartner (56yo)

0.4yrs

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

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

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


Management Age and Tenure

1.9yrs

Average Tenure

53yo

Average Age

Experienced Management: XONE's management team is not considered experienced ( 1.9 years average tenure), which suggests a new team.


Board Age and Tenure

4.4yrs

Average Tenure

68yo

Average Age

Experienced Board: XONE's board of directors are considered experienced (4.4 years average tenure).


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


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

Ownership Breakdown


Management Team

  • Nicole McEwen

    Marketing Director

    • Tenure: 0yrs
  • John Hartner (56yo)

    Chief Executive Officer

    • Tenure: 0.4yrs
    • Compensation: US$613.90k
  • Mark Cianci (56yo)

    Chief Commercial Officer

    • Tenure: 2.8yrs
    • Compensation: US$408.03k
  • Rick Lucas (53yo)

    Chief Technology Officer

    • Tenure: 7.3yrs
    • Compensation: US$318.41k
  • Loretta Benec (48yo)

    General Counsel & Corporate Secretary

    • Tenure: 2yrs
  • Bob Wood

    Chief Information Officer & Director of Direct Business Development

    • Tenure: 3.4yrs
  • Brian Smith (61yo)

    Senior Vice President of Corporate Development

    • Tenure: 1.3yrs
    • Compensation: US$405.08k
  • Doug Zemba (39yo)

    CFO, Chief Accounting Officer & Treasurer

    • Tenure: 1.3yrs
  • Jared Helfrich (33yo)

    Chief Commercial Officer

    • Tenure: 0yrs
  • Roland Ladewig

    Managing Director of ExOne GmbH

    • Tenure: 1.8yrs

Board Members

  • Bonnie Wachtel (63yo)

    Independent Director

    • Tenure: 6.7yrs
    • Compensation: US$96.05k
  • Lloyd Semple (80yo)

    Lead Independent Director

    • Tenure: 6.7yrs
    • Compensation: US$96.05k
  • John Irvin (64yo)

    Director

    • Tenure: 6.8yrs
    • Compensation: US$91.05k
  • Bill Strome (64yo)

    Independent Director

    • Tenure: 4.4yrs
    • Compensation: US$96.05k
  • S. Rockwell (74yo)

    Chairman

    • Tenure: 3.2yrs
    • Compensation: US$259.54k
  • Gregory Pashke (71yo)

    Independent Director

    • Tenure: 3.4yrs
    • Compensation: US$91.05k
  • Roger Thiltgen (68yo)

    Independent Director

    • Tenure: 1.2yrs
    • 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$110.141m
  • 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 Analysis2019/10/18 00:32
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.