OTCPK:LPKF.F

Stock Analysis Report

LPKF Laser & Electronics

Executive Summary

LPKF Laser & Electronics AG, together with its subsidiaries, designs and manufactures laser systems in Germany, Rest of Europe, North America, Asia, and internationally.

Snowflake

Fundamentals

Flawless balance sheet with solid track record.


Similar Companies

Share Price & News

How has LPKF Laser & Electronics's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: LPKF.F's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

0%

LPKF.F

-0.08%

US Electronic

0.9%

US Market


1 Year Return

102.4%

LPKF.F

22.5%

US Electronic

16.8%

US Market

Return vs Industry: LPKF.F exceeded the US Electronic industry which returned 22.5% over the past year.

Return vs Market: LPKF.F exceeded the US Market which returned 16.8% over the past year.


Shareholder returns

LPKF.FIndustryMarket
7 Day0%-0.08%0.9%
30 Day12.4%3.9%4.5%
90 Day95.6%11.6%6.2%
1 Year102.4%102.4%23.7%22.5%19.4%16.8%
3 Year124.5%124.5%48.7%44.6%47.5%38.0%
5 Year14.1%14.1%78.1%69.5%62.0%44.1%

Price Volatility Vs. Market

How volatile is LPKF Laser & Electronics's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is LPKF Laser & Electronics undervalued compared to its fair value and its price relative to the market?

23.34x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: LPKF.F ($15.38) is trading above our estimate of fair value ($8.37)

Significantly Below Fair Value: LPKF.F is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: LPKF.F is poor value based on its PE Ratio (23.3x) compared to the Electronic industry average (20.6x).

PE vs Market: LPKF.F is poor value based on its PE Ratio (23.3x) compared to the US market (18.2x).


Price to Earnings Growth Ratio

PEG Ratio: LPKF.F is poor value based on its PEG Ratio (2.1x)


Price to Book Ratio

PB vs Industry: LPKF.F is overvalued based on its PB Ratio (3.8x) compared to the US Electronic industry average (2.1x).


Next Steps

Future Growth

How is LPKF Laser & Electronics forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?

11.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: LPKF.F's forecast earnings growth (11.2% per year) is above the savings rate (2.7%).

Earnings vs Market: LPKF.F's earnings (11.2% per year) are forecast to grow slower than the US market (14.4% per year).

High Growth Earnings: LPKF.F's earnings are forecast to grow, but not significantly.

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

High Growth Revenue: LPKF.F's revenue (7.3% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: LPKF.F's Return on Equity is forecast to be low in 3 years time (15.4%).


Next Steps

Past Performance

How has LPKF Laser & Electronics performed over the past 5 years?

26.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: LPKF.F has high quality earnings.

Growing Profit Margin: LPKF.F's current net profit margins (10.5%) are higher than last year (4.4%).


Past Earnings Growth Analysis

Earnings Trend: LPKF.F's earnings have grown significantly by 26.3% per year over the past 5 years.

Accelerating Growth: LPKF.F's earnings growth over the past year (179.4%) exceeds its 5-year average (26.3% per year).

Earnings vs Industry: LPKF.F earnings growth over the past year (179.4%) exceeded the Electronic industry 56.3%.


Return on Equity

High ROE: LPKF.F's Return on Equity (17%) is considered low.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is LPKF Laser & Electronics's financial position?


Financial Position Analysis

Short Term Liabilities: LPKF.F's short term assets (€66.0M) exceeds its short term liabilities (€31.4M)

Long Term Liabilities: LPKF.F's short term assets (€66.0M) exceeds its long term liabilities (9.6M)


Debt to Equity History and Analysis

Debt Level: LPKF.F's debt to equity ratio (9.1%) is considered satisfactory.

Reducing Debt: LPKF.F's debt to equity ratio has reduced from 57.8% to 9.1% over the past 5 years.

Debt Coverage: LPKF.F's debt is well covered by operating cash flow (401.9%).

Interest Coverage: LPKF.F's interest payments on its debt are well covered by EBIT (36.6x coverage).


Balance Sheet

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

Debt Coverage by Assets: LPKF.F's debt is covered by short term assets (assets are 8.2x debt).


Next Steps

Dividend

What is LPKF Laser & Electronics's current dividend yield, its reliability and sustainability?

1.51%

Forecast Dividend Yield


Dividend Yield vs Market

company0%marketbottom25%1.4%markettop25%3.7%industryaverage1.5%forecastin3Years1.5%

Current dividend yield vs market & industry

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

High Dividend: Unable to evaluate LPKF.F's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if LPKF.F's dividends per share have been stable in the past.

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


Current Payout to Shareholders

Dividend Coverage: LPKF.F is not paying a notable dividend for the US market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of LPKF.F'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 LPKF Laser & Electronics's salary, the management and board of directors tenure and is there insider trading?

1.3yrs

Average management tenure


CEO

Goetz Bendele (49yo)

1.5yrs

Tenure

€364,000

Compensation

Dr. Goetz M. Bendele is the Chief Executive Officer at LPKF Laser & Electronics Aktiengesellschaft since May 1, 2018 and has been its Board Member since May 2018. Dr. Bendele has extensive sales and manage ...


CEO Compensation Analysis

Compensation vs Market: Goetz's total compensation ($USD403.32K) is below average for companies of similar size in the US market ($USD1.73M).

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


Management Age and Tenure

1.3yrs

Average Tenure

48yo

Average Age

Experienced Management: LPKF.F's management team is not considered experienced ( 1.3 years average tenure), which suggests a new team.


Board Age and Tenure

0.4yrs

Average Tenure

55yo

Average Age

Experienced Board: LPKF.F's board of directors are not considered experienced ( 0.4 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

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 13.9%.


Management Team

  • Stephan Schmidt

    President of Lpkf Laser & Electronics Inc. USA

    • Tenure: 0yrs
  • Kai Bentz (48yo)

    • Tenure: 1.2yrs
    • Compensation: €511.00k
  • Michael Agater

    Senior Vice President of Production

    • Tenure: 0yrs
  • Nils Heininger

    Senior Vice President

    • Tenure: 0yrs
  • Jürgen Bergedieck

    Managing Director of LPKF SolarQuipment GmbH

    • Tenure: 0yrs
  • Bettina Schafer

    Manager of Investor Relations

    • Tenure: 0yrs
  • Markus Konig

    Head of Operations and Development Divisions for Laser Plastic Welding Business Unit

    • Tenure: 5.2yrs
  • Goetz Bendele (49yo)

    CEO & Member of Management Board

    • Tenure: 1.5yrs
    • Compensation: €364.00k
  • Christian Witt (48yo)

    CFO & Member of the Management Board

    • Tenure: 1.2yrs
    • Compensation: €264.00k

Board Members

  • Dirk Rothweiler (56yo)

    Deputy Chairman of the Supervisory Board

    • Tenure: 0.4yrs
  • Ludger Overmeyer (55yo)

    Member of the Supervisory Board

    • Tenure: 0.4yrs
  • Markus Peters (55yo)

    Chairman of the Supervisory Board

    • Tenure: 2.1yrs

Company Information

LPKF Laser & Electronics AG's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: LPKF Laser & Electronics AG
  • Ticker: LPKF.F
  • Exchange: OTCPK
  • Founded: 1976
  • Industry: Electronic Equipment and Instruments
  • Sector: Tech
  • Market Cap: €335.603m
  • Listing Market Cap: €371.859m
  • Shares outstanding: 24.50m
  • Website: https://www.lpkf.com

Number of Employees


Location

  • LPKF Laser & Electronics AG
  • Osteriede 7
  • Garbsen
  • Lower Saxony
  • 30827
  • Germany

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
LPKDB (Deutsche Boerse AG)YesOrdinary SharesDEEURNov 1998
LPKXTRA (XETRA Trading Platform)YesOrdinary SharesDEEURNov 1998
0ND2LSE (London Stock Exchange)YesOrdinary SharesGBEURNov 1998
LPKF.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDNov 1998
LPKDBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBEURNov 1998
LPKSWX (SIX Swiss Exchange)YesOrdinary SharesCHCHFNov 1998

Biography

LPKF Laser & Electronics AG, together with its subsidiaries, designs and manufactures laser systems in Germany, Rest of Europe, North America, Asia, and internationally. The company operates through four s ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/11/20 00:29
End of Day Share Price2019/11/01 00:00
Earnings2019/09/30
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.