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Perceptron

Nasdaq:PRCP
Snowflake Description

Undervalued with excellent balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
PRCP
Nasdaq
$74M
Market Cap
  1. Home
  2. US
  3. Tech
Company description

Perceptron, Inc. develops, produces, and sells various automated industrial metrology products and solutions to manufacturing organizations for dimensional gauging, dimensional inspection, and 3D scanning in Europe, Asia, and the Americas. The last earnings update was 37 days ago. More info.


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PRCP Share Price and Events
7 Day Returns
-0.8%
NasdaqGM:PRCP
0.7%
US Electronic
1.2%
US Market
1 Year Returns
-14.2%
NasdaqGM:PRCP
-0.3%
US Electronic
3%
US Market
PRCP Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Perceptron (PRCP) -0.8% 0.5% 6.1% -14.2% 61.1% -36.7%
US Electronic 0.7% 1.1% 21.2% -0.3% 59.3% 59.2%
US Market 1.2% 2.1% 14.6% 3% 39% 43.5%
1 Year Return vs Industry and Market
  • PRCP underperformed the Electronic industry which returned -0.3% over the past year.
  • PRCP underperformed the Market in United States of America which returned 3% over the past year.
Price Volatility
PRCP
Industry
5yr Volatility vs Market

PRCP Value

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

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Perceptron to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Perceptron.

NasdaqGM:PRCP Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 2 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 9%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NasdaqGM:PRCP
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Electronic Unlevered Beta Simply Wall St/ S&P Global 1.07
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.071 (1 + (1- 21%) (0.09%))
1.048
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.05
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.048 * 5.96%)
8.98%

Discounted Cash Flow Calculation for NasdaqGM:PRCP using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Perceptron is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

NasdaqGM:PRCP DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 8.98%)
2019 0.96 Analyst x1 0.88
2020 5.00 Analyst x1 4.21
2021 6.82 Est @ 36.33% 5.27
2022 8.61 Est @ 26.25% 6.10
2023 10.26 Est @ 19.19% 6.67
2024 11.72 Est @ 14.25% 7.00
2025 12.98 Est @ 10.8% 7.11
2026 14.07 Est @ 8.38% 7.07
2027 15.01 Est @ 6.68% 6.93
2028 15.84 Est @ 5.5% 6.70
Present value of next 10 years cash flows $57.95
NasdaqGM:PRCP DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $15.84 × (1 + 2.73%) ÷ (8.98% – 2.73%)
$260.47
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $260.47 ÷ (1 + 8.98%)10
$110.26
NasdaqGM:PRCP Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $57.95 + $110.26
$168.21
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $168.21 / 9.62
$17.49
NasdaqGM:PRCP Discount to Share Price
Calculation Result
Value per share (USD) From above. $17.49
Current discount Discount to share price of $7.65
= -1 x ($7.65 - $17.49) / $17.49
56.3%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Perceptron is available for.
Intrinsic value
>50%
Share price is $7.65 vs Future cash flow value of $17.49
Current Discount Checks
For Perceptron to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Perceptron's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Perceptron's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Perceptron's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Perceptron's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqGM:PRCP PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in USD $0.44
NasdaqGM:PRCP Share Price ** NasdaqGM (2019-03-20) in USD $7.65
United States of America Electronic Industry PE Ratio Median Figure of 92 Publicly-Listed Electronic Companies 19.54x
United States of America Market PE Ratio Median Figure of 3,058 Publicly-Listed Companies 17.69x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Perceptron.

NasdaqGM:PRCP PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGM:PRCP Share Price ÷ EPS (both in USD)

= 7.65 ÷ 0.44

17.24x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Perceptron is good value based on earnings compared to the US Electronic industry average.
  • Perceptron is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does Perceptron's expected growth come at a high price?
Raw Data
NasdaqGM:PRCP PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 17.24x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts
14.9%per year
United States of America Electronic Industry PEG Ratio Median Figure of 60 Publicly-Listed Electronic Companies 1.54x
United States of America Market PEG Ratio Median Figure of 2,103 Publicly-Listed Companies 1.48x

*Line of best fit is calculated by linear regression .

NasdaqGM:PRCP PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 17.24x ÷ 14.9%

1.15x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Perceptron is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Perceptron's assets?
Raw Data
NasdaqGM:PRCP PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in USD $5.19
NasdaqGM:PRCP Share Price * NasdaqGM (2019-03-20) in USD $7.65
United States of America Electronic Industry PB Ratio Median Figure of 151 Publicly-Listed Electronic Companies 2.1x
United States of America Market PB Ratio Median Figure of 5,156 Publicly-Listed Companies 1.89x
NasdaqGM:PRCP PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGM:PRCP Share Price ÷ Book Value per Share (both in USD)

= 7.65 ÷ 5.19

1.47x

* Primary Listing of Perceptron.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Perceptron is good value based on assets compared to the US Electronic industry average.
X
Value checks
We assess Perceptron's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Electronic industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Electronic industry average (and greater than 0)? (1 check)
  5. Perceptron has a total score of 5/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

PRCP Future Performance

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

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
14.9%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Perceptron expected to grow at an attractive rate?
  • Perceptron's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Perceptron's earnings growth is expected to exceed the United States of America market average.
  • Perceptron's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NasdaqGM:PRCP Future Growth Rates Data Sources
Data Point Source Value (per year)
NasdaqGM:PRCP Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts 14.9%
NasdaqGM:PRCP Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts 2.9%
United States of America Electronic Industry Earnings Growth Rate Market Cap Weighted Average 17%
United States of America Electronic Industry Revenue Growth Rate Market Cap Weighted Average 5.6%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14.3%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.1%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NasdaqGM:PRCP Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqGM:PRCP Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-06-30 89 6 5 2
2019-06-30 84 2 4 2
NasdaqGM:PRCP Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-12-31 88 2 4
2018-09-30 87 1 3
2018-06-30 85 4 4
2018-03-31 83 2 3
2017-12-31 78 3 2
2017-09-30 80 2 4
2017-06-30 78 -4 0
2017-03-31 74 0 -16
2016-12-31 76 -3 -18
2016-09-30 72 -6 -22
2016-06-30 69 -5 -22
2016-03-31 74 -10 -6

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Perceptron's earnings are expected to grow by 14.9% yearly, however this is not considered high growth (20% yearly).
  • Perceptron's revenue is expected to grow by 2.9% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NasdaqGM:PRCP Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below

All data from Perceptron Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGM:PRCP Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-06-30 0.51 0.51 0.51 1.00
2019-06-30 0.39 0.39 0.39 1.00
NasdaqGM:PRCP Past Financials Data
Date (Data in USD Millions) EPS *
2018-12-31 0.44
2018-09-30 0.32
2018-06-30 0.39
2018-03-31 0.34
2017-12-31 0.17
2017-09-30 0.40
2017-06-30 -0.02
2017-03-31 -1.71
2016-12-31 -1.95
2016-09-30 -2.39
2016-06-30 -2.36
2016-03-31 -0.66

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Perceptron will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Perceptron's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Perceptron has a total score of 2/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

PRCP Past Performance

  How has Perceptron performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Perceptron's growth in the last year to its industry (Electronic).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Perceptron's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.
  • Perceptron's 1-year earnings growth exceeds its 5-year average (166.6% vs -7%)
  • Perceptron's earnings growth has exceeded the US Electronic industry average in the past year (166.6% vs 61%).
Earnings and Revenue History
Perceptron's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Perceptron Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGM:PRCP Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 87.99 4.23 19.13 8.73
2018-09-30 86.87 3.05 18.68 8.45
2018-06-30 84.69 3.72 18.47 7.98
2018-03-31 83.45 3.21 18.17 7.57
2017-12-31 78.38 1.59 17.51 7.09
2017-09-30 79.70 3.75 17.48 6.95
2017-06-30 77.95 -0.17 17.35 6.83
2017-03-31 74.37 -16.02 16.55 6.36
2016-12-31 76.13 -18.29 17.22 6.45
2016-09-30 71.59 -22.36 18.13 6.76
2016-06-30 69.14 -22.11 20.32 7.38
2016-03-31 73.80 -6.13 19.49 8.20
2015-12-31 71.90 -4.85 19.81 8.41
2015-09-30 78.26 -0.53 19.35 8.44
2015-06-30 74.41 -0.46 18.20 7.91
2015-03-31 68.36 0.09 18.30 7.41
2014-12-31 69.50 4.16 17.18 7.10
2014-09-30 58.46 0.98 15.85 6.74
2014-06-30 59.61 2.43 15.22 6.69
2014-03-31 62.96 5.47 15.23 6.92
2013-12-31 60.40 4.32 14.73 6.93
2013-09-30 61.11 4.91 14.59 6.88
2013-06-30 60.89 6.13 14.47 6.78
2013-03-31 52.97 0.82 13.32 6.33
2012-12-31 57.39 2.71 13.16 6.11
2012-09-30 60.38 4.65 13.11 5.82
2012-06-30 57.38 2.83 12.98 5.59
2012-03-31 52.17 5.52 12.81 3.59

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Perceptron has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Perceptron used its assets less efficiently than the US Electronic industry average last year based on Return on Assets.
  • Perceptron has become profitable over the past 3 years. This is considered to be a significant improvement in its use of capital (Return on Capital Employed).
X
Past performance checks
We assess Perceptron's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Electronic industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Perceptron has a total score of 3/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

PRCP Health

 How is Perceptron's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Perceptron's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Perceptron is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Perceptron's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Perceptron's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 793.4x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Perceptron Company Filings, last reported 2 months ago.

NasdaqGM:PRCP Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 49.96 0.07 8.03
2018-09-30 48.54 0.12 7.96
2018-06-30 45.60 0.18 6.71
2018-03-31 46.31 1.77 7.80
2017-12-31 43.81 1.89 8.99
2017-09-30 42.45 0.74 8.13
2017-06-30 39.84 1.88 5.28
2017-03-31 37.98 1.22 5.14
2016-12-31 37.93 1.89 6.21
2016-09-30 36.59 1.42 7.65
2016-06-30 38.55 0.57 8.26
2016-03-31 54.30 0.84 5.45
2015-12-31 56.53 0.20 8.68
2015-09-30 58.60 0.00 13.88
2015-06-30 60.79 0.00 15.64
2015-03-31 59.80 0.00 20.86
2014-12-31 62.42 0.00 31.97
2014-09-30 60.03 0.00 34.39
2014-06-30 62.78 0.00 33.89
2014-03-31 63.18 0.00 33.89
2013-12-31 60.11 0.00 33.98
2013-09-30 58.55 0.00 32.80
2013-06-30 56.90 0.00 26.69
2013-03-31 53.46 0.00 24.81
2012-12-31 52.23 0.00 23.86
2012-09-30 51.38 0.00 27.14
2012-06-30 52.26 0.00 24.21
2012-03-31 55.67 0.00 20.29
  • Perceptron's level of debt (0.1%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (0% vs 0.1% today).
  • Debt is well covered by operating cash flow (3355.1%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 34.2x coverage).
X
Financial health checks
We assess Perceptron's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Perceptron has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

PRCP Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Perceptron dividends.
If you bought $2,000 of Perceptron shares you are expected to receive $0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Perceptron's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Perceptron's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NasdaqGM:PRCP Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
United States of America Electronic Industry Average Dividend Yield Market Cap Weighted Average of 38 Stocks 1.5%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2004 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NasdaqGM:PRCP Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2020-06-30
2019-06-30
NasdaqGM:PRCP Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2016-05-09 0.000 0.000
2016-02-09 0.000 0.000
2016-02-08 0.000 0.000
2015-11-09 0.000 0.000
2015-11-04 0.000 0.000
2015-09-14 0.000 0.000
2014-05-21 0.150 1.387
2013-05-07 0.150 1.454

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Perceptron has not reported any payouts.
  • Unable to verify if Perceptron's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Perceptron's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Perceptron 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.
X
Income/ dividend checks
We assess Perceptron's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Perceptron afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Perceptron has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

PRCP Management

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

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Dave Watza
COMPENSATION $1,170,507
AGE 52
TENURE AS CEO 2.3 years
CEO Bio

Mr. David Lawrence Watza, also known as Dave, has been Chief Financial Officer, Senior Vice President of Finance, Chief Executive Officer and President of Perceptron, Inc. since October 5, 2015 and November 17, 2016 respectively and served as its Principal Accounting Officer since December 11, 2015. He serves as Director of Perceptron, Inc. since June 30, 2018. Mr. Watza served as Vice President of Finance, Business Planning & Analytics at TriMas Corporation. Mr. Watza served as the Vice President of Business Planning and Analysis at TriMas Corporation. Mr. Watza was responsible for directing TriMas's strategic and financial planning, forecasting and budgeting processes. Mr. Watza joined TriMas in 2005 and has held strategic finance roles of increasing responsibility at TriMas subsidiaries, including division finance officer and vice president of Finance for Cequent Towing (now part of Cequent Performance Products), as well as division finance officer for Cequent Asia Pacific. He has played an integral role in acquisitions around the world, including South Africa, New Zealand, England, Germany and Finland. He possesses more than 25 years of experience in manufacturing facilities with increasing responsibilities in accounting, finance and information technology. He earned Bachelor of Business Administration from the University of Michigan.

CEO Compensation
  • Dave's compensation has increased by more than 20% in the past year.
  • Dave's remuneration is higher than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Perceptron management team in years:

2.3
Average Tenure
51
Average Age
  • The tenure for the Perceptron management team is about average.
Management Team

Dave Watza

TITLE
President
COMPENSATION
$1M
AGE
52
TENURE
2.3 yrs

Rick Van Valkenburg

TITLE
Vice President of Global Sales & Marketing
COMPENSATION
$482K
AGE
50
TENURE
2.3 yrs

Jim West

TITLE
Founder & VP of Engineering
AGE
65

Heribert Viehweber

TITLE
Vice President of Global Operations & Quality
TENURE
2.5 yrs

Michelle Wright

TITLE
Chief Accounting Officer & Corporate Controller
AGE
47
TENURE
2.3 yrs

John Kearney

TITLE
MD of EMEA & VP

Carlo Cibien

TITLE
VP & MD of Coord3

Thomas Vaughn

TITLE
Secretary
Board of Directors Tenure

Average tenure and age of the Perceptron board of directors in years:

2.6
Average Tenure
64
Average Age
  • The average tenure for the Perceptron board of directors is less than 3 years, this suggests a new board.
Board of Directors

W. Marz

TITLE
Chairman of the Board
COMPENSATION
$160K
AGE
74
TENURE
11.2 yrs

Dave Watza

TITLE
President
COMPENSATION
$1M
AGE
52
TENURE
0.8 yrs

C. Neely

TITLE
Independent Director
COMPENSATION
$72K
AGE
64
TENURE
5.2 yrs

William Taylor

TITLE
Director
COMPENSATION
$72K
AGE
67
TENURE
2.6 yrs

James Ratigan

TITLE
Director
COMPENSATION
$64K
AGE
70
TENURE
2.6 yrs

John Bryant

TITLE
Director
COMPENSATION
$64K
AGE
34
TENURE
2.6 yrs

Jay Freeland

TITLE
Director
AGE
48
TENURE
0.3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
30. Mar 18 Sell Moab Capital Partners, LLC Company 21. Mar 18 21. Mar 18 -7,200 $8.90 $-64,081
30. Mar 18 Buy Moab Capital Partners, LLC Company 05. Feb 18 29. Mar 18 101,409 $10.06 $876,133
X
Management checks
We assess Perceptron's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Perceptron has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

PRCP News

Simply Wall St News

Should You Be Concerned About Perceptron, Inc.'s (NASDAQ:PRCP) ROE?

With that in mind, this article will work through how we can use Return On Equity (ROE) to better understand a business. … Our data shows Perceptron has a return on equity of 8.5% for the last year. … One way to conceptualize this, is that for each $1 of shareholders' equity it has, the company made $0.085 in profit.

Simply Wall St -

Has Perceptron, Inc. (NASDAQ:PRCP) Been Employing Capital Shrewdly?

In particular, we'll consider its Return On Capital Employed (ROCE), as that can give us insight into how profitably the company is able to employ capital in its business. … What is Return On Capital Employed (ROCE)? … ROCE is a measure of a company's yearly pre-tax profit (its return), relative to the capital employed in the business.

Simply Wall St -

Calculating The Fair Value Of Perceptron, Inc. (NASDAQ:PRCP)

by estimating the company's future cash flows and discounting them to their present value. … discounted cash flows (DCF). … If you want to learn more about discounted cash flow, the basis for my calcs can be read in detail in the Simply Wall St analysis model

Simply Wall St -

Should You Be Tempted To Sell Perceptron, Inc. (NASDAQ:PRCP) Because Of Its P/E Ratio?

We'll look at Perceptron, Inc.'s (NASDAQ:PRCP) P/E ratio and reflect on what it tells us about the company's share price. … Perceptron has a price to earnings ratio of 22.39, based on the last twelve months. … Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS)

Simply Wall St -

Do Institutions Own Perceptron, Inc. (NASDAQ:PRCP) Shares?

Institutions often own shares in more established companies, while it's not unusual to see insiders own a fair bit of smaller companies. … Companies that have been privatized tend to have low insider ownership. … institutions own shares in the company.

Simply Wall St -

Does Perceptron Inc's (NASDAQ:PRCP) -19% Earnings Drop Reflect A Longer Term Trend?

When Perceptron Inc (NASDAQ:PRCP) released its most recent earnings update (30 September 2018), I compared it against two factor: its historical earnings track record, and the performance of its industry peers on average. … Understanding how Perceptron performed requires a benchmark rather than trying to assess a standalone number at one point in time. … PRCP recently turned a profit of US$3.1m (most recent trailing twelve-months) compared to its average loss of -US$989.4k over the past five years

Simply Wall St -

Perceptron Inc (NASDAQ:PRCP): Assessing Capital Returns

This share represents a portion of capital used by the company to operate the business, and it is important the company is able to use the capital base efficiently to create adequate cash flows for you as an investor. … You need to pay attention to this because your return on investment is linked to dividends and internal investments to improve the business, which can only occur if the company is expected to produce adequate earnings with the capital that has been provided. … Thus, to understand how your money can grow by investing in Perceptron, you need to look at what the company returns to owners for the use of their capital, which can be done in many ways but today we will use return on capital employed (ROCE)

Simply Wall St -

Should You Investigate Perceptron Inc (NASDAQ:PRCP) At US$7.90?

saw significant share price volatility over the past couple of months on the NasdaqGM, rising to the highs of $11.25 and falling to the lows of $7.9. … A question to answer is whether Perceptron's current trading price of $7.9 reflective of the actual value of the? … Let’s take a look at Perceptron’s outlook and value based on the most recent financial data to see if there are any catalysts for a price change

Simply Wall St -

Should You Be Happy With Perceptron Inc's (NASDAQ:PRCP) Performance Lately?

Understanding Perceptron Inc's (NASDAQ:PRCP) performance as a company requires examining more than earnings from one point in time. … Today I will take you through a basic sense check to gain perspective on how Perceptron is doing by evaluating its latest earnings with its longer term trend as well as its industry peers' performance over the same period. … Check out our latest analysis for Perceptron?

Simply Wall St -

Perceptron Inc (NASDAQ:PRCP): A Look At Return On Capital

Your equity share is granted in return for the capital provided to the business to operate, and in order for an investment to be successful the business has to create earnings from the funds that make up this capital. … You need to pay attention to this because your return on investment is linked to dividends and internal investments to improve the business, which can only occur if the company is expected to produce adequate earnings with the capital that has been provided. … Thus, to understand how your money can grow by investing in Perceptron, you need to look at what the company returns to owners for the use of their capital, which can be done in many ways but today we will use return on capital employed (ROCE)

Simply Wall St -

PRCP Company Info

Description

Perceptron, Inc. develops, produces, and sells various automated industrial metrology products and solutions to manufacturing organizations for dimensional gauging, dimensional inspection, and 3D scanning in Europe, Asia, and the Americas. It provides various in-line and near-line measurement solutions, including AutoGauge, AutoGauge ACF, AutoGuide, and Helix evo engineered metrology systems for industrial automated process control and assembly using fixed and robot mounted laser scanners; and offline measurement solutions comprising Coord3 and TouchDMIS for industrial gauging and dimensional inspection using standalone robot mounted laser scanners and coordinate measuring machines. The company also offers laser-based sensors and software comprising WheelWorks product that targets the digitizing, reverse engineering, inspection, and original equipment manufacturers wheel alignment markets. In addition, it offers value added services, including training, field, calibration, launch support, consulting, and repair services, as well as equipment and software maintenance agreements. The company serves automotive, aerospace, and other manufacturing companies through manufacturing line builders, system integrators, value-added resellers, and original equipment manufacturers. Perceptron, Inc. was founded in 1981 and is headquartered in Plymouth, Michigan.

Details
Name: Perceptron, Inc.
PRCP
Exchange: NasdaqGM
Founded: 1981
$73,581,287
9,618,469
Website: http://www.perceptron.com
Address: Perceptron, Inc.
47827 Halyard Drive,
Plymouth,
Michigan, 48170,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGM PRCP Common Stock Nasdaq Global Market US USD 21. Aug 1992
DB PR5 Common Stock Deutsche Boerse AG DE EUR 21. Aug 1992
Number of employees
Current staff
Staff numbers
337
Perceptron employees.
Industry
Electronic Equipment and Instruments
Tech
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/20 23:43
End of day share price update: 2019/03/20 00:00
Last estimates confirmation: 2019/02/13
Last earnings filing: 2019/02/11
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/06/30


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.