Upcoming Dividend • May 15
Upcoming dividend of €1.65 per share Eligible shareholders must have bought the stock before 22 May 2026. Payment date: 27 May 2026. Payout ratio is on the higher end at 79%, however this is supported by cash flows. Trailing yield: 6.2%. Within top quartile of German dividend payers (4.6%). Higher than average of industry peers (2.8%). Reported Earnings • May 14
First quarter 2026 earnings released: EPS: €0.09 (vs €0.54 in 1Q 2025) First quarter 2026 results: EPS: €0.09 (down from €0.54 in 1Q 2025). Revenue: €125.5m (down 8.5% from 1Q 2025). Net income: €295.0k (down 83% from 1Q 2025). Profit margin: 0.2% (down from 1.2% in 1Q 2025). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 2.4% p.a. on average during the next 3 years, compared to a 2.4% growth forecast for the Auto Components industry in Germany. Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. Duyuru • Apr 13
PWO AG, Annual General Meeting, May 21, 2026 PWO AG, Annual General Meeting, May 21, 2026, at 14:00 W. Europe Standard Time. Declared Dividend • Apr 01
Dividend reduced to €1.65 Dividend of €1.65 is 5.7% lower than last year. Ex-date: 22nd May 2026 Payment date: 26th May 2026 Dividend yield will be 6.7%, which is higher than the industry average of 2.3%. Sustainability & Growth Dividend is covered by both earnings (64% earnings payout ratio) and cash flows (35% cash payout ratio). The dividend has increased over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 53% over the next 3 years, which should provide support to the dividend and adequate earnings cover. New Risk • Mar 29
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 1.5% Last year net profit margin: 2.3% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.5x net interest cover). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (1.5% net profit margin). Market cap is less than US$100m (€75.6m market cap, or US$87.1m). New Risk • Feb 09
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 17% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.2x net interest cover). Earnings are forecast to decline by an average of 17% per year for the foreseeable future. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (€81.9m market cap, or US$97.2m). Price Target Changed • Feb 05
Price target decreased by 14% to €37.00 Down from €43.00, the current price target is provided by 1 analyst. New target price is 41% above last closing price of €26.20. Stock is down 9.0% over the past year. The company is forecast to post earnings per share of €3.41 for next year compared to €4.01 last year. New Risk • Jan 19
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: €85.6m (US$99.7m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.2x net interest cover). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (€85.6m market cap, or US$99.7m). Duyuru • Jan 19
PWO AG Provides Earnings Guidance for the Year 2025 and Year 2026 PWO AG provided earnings guidance for the year 2025 and year 2026. For the year 2025, the expect EBIT before currency effects in the range of EUR 23 million - EUR 28 million (with the upper half of the forecast range being very ambitious) and revenue of around EUR 510 million.
For the year 2026, expect revenue of around EUR 500 million and consolidated EBIT before currency effects in a range of EUR 13 million– EUR 17 million. Duyuru • Jan 11
PWO AG to Report Fiscal Year 2025 Final Results on Mar 27, 2026 PWO AG announced that they will report fiscal year 2025 final results on Mar 27, 2026 Reported Earnings • Nov 16
Third quarter 2025 earnings released: EPS: €1.06 (vs €0.94 in 3Q 2024) Third quarter 2025 results: EPS: €1.06 (up from €0.94 in 3Q 2024). Revenue: €130.1m (down 1.9% from 3Q 2024). Net income: €3.30m (up 12% from 3Q 2024). Profit margin: 2.5% (up from 2.2% in 3Q 2024). The increase in margin was driven by lower expenses. Revenue is forecast to grow 1.5% p.a. on average during the next 3 years, compared to a 5.5% decline forecast for the Auto Components industry in Germany. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. Reported Earnings • Aug 11
Second quarter 2025 earnings released: EPS: €1.17 (vs €1.09 in 2Q 2024) Second quarter 2025 results: EPS: €1.17 (up from €1.09 in 2Q 2024). Revenue: €136.5m (down 3.8% from 2Q 2024). Net income: €3.66m (up 7.7% from 2Q 2024). Profit margin: 2.7% (up from 2.4% in 2Q 2024). The increase in margin was driven by lower expenses. Revenue is forecast to grow 3.0% p.a. on average during the next 3 years, compared to a 2.3% growth forecast for the Auto Components industry in Germany. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. Upcoming Dividend • May 28
Upcoming dividend of €1.75 per share Eligible shareholders must have bought the stock before 04 June 2025. Payment date: 06 June 2025. Payout ratio is a comfortable 50% and this is well supported by cash flows. Trailing yield: 5.9%. Within top quartile of German dividend payers (4.3%). Higher than average of industry peers (3.0%). New Risk • May 16
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 2.0x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.0x net interest cover). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (2.0% net profit margin). Reported Earnings • May 16
First quarter 2025 earnings released: EPS: €0.54 (vs €1.06 in 1Q 2024) First quarter 2025 results: EPS: €0.54 (down from €1.06 in 1Q 2024). Revenue: €137.1m (down 6.7% from 1Q 2024). Net income: €1.70m (down 49% from 1Q 2024). Profit margin: 1.2% (down from 2.3% in 1Q 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 2.3% p.a. on average during the next 3 years, compared to a 2.9% growth forecast for the Auto Components industry in Germany. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. Major Estimate Revision • May 06
Consensus EPS estimates fall by 22% The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate fell from €4.89 to €3.81 per share. Revenue forecast steady at €555.0m. Net income forecast to shrink 4.3% next year vs 7.6% growth forecast for Auto Components industry in Germany . Consensus price target of €43.00 unchanged from last update. Share price was steady at €28.60 over the past week. Declared Dividend • Apr 20
Dividend of €1.75 announced Dividend of €1.75 is the same as last year. Ex-date: 4th June 2025 Payment date: 6th June 2025 Dividend yield will be 6.3%, which is higher than the industry average of 2.3%. Sustainability & Growth Dividend is well covered by both earnings (44% earnings payout ratio) and cash flows (14% cash payout ratio). The dividend has increased by an average of 1.9% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 34% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Duyuru • Mar 23
PWO AG to Report Fiscal Year 2024 Final Results on Mar 28, 2025 PWO AG announced that they will report fiscal year 2024 final results on Mar 28, 2025 Duyuru • Feb 22
PWO AG to Report Fiscal Year 2024 Results on Mar 21, 2025 PWO AG announced that they will report fiscal year 2024 results on Mar 21, 2025 New Risk • Nov 20
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 2.1x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.1x net interest cover). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (€83.1m market cap, or US$87.7m). Reported Earnings • Nov 15
Third quarter 2024 earnings released: EPS: €0.94 (vs €1.43 in 3Q 2023) Third quarter 2024 results: EPS: €0.94 (down from €1.43 in 3Q 2023). Revenue: €134.3m (down 1.9% from 3Q 2023). Net income: €2.95m (down 34% from 3Q 2023). Profit margin: 2.2% (down from 3.3% in 3Q 2023). Revenue is forecast to grow 2.4% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Auto Components industry in Germany. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. New Risk • Oct 18
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: €91.9m (US$99.8m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.8x net interest cover). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (€91.9m market cap, or US$99.8m). Reported Earnings • Aug 12
Second quarter 2024 earnings released: EPS: €1.09 (vs €1.73 in 2Q 2023) Second quarter 2024 results: EPS: €1.09 (down from €1.73 in 2Q 2023). Revenue: €141.9m (up 1.5% from 2Q 2023). Net income: €3.40m (down 37% from 2Q 2023). Profit margin: 2.4% (down from 3.9% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.7% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the Auto Components industry in Germany. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Upcoming Dividend • May 31
Upcoming dividend of €1.75 per share Eligible shareholders must have bought the stock before 07 June 2024. Payment date: 11 June 2024. Payout ratio is a comfortable 33% and this is well supported by cash flows. Trailing yield: 5.6%. Within top quartile of German dividend payers (4.6%). Higher than average of industry peers (3.1%). Reported Earnings • May 17
First quarter 2024 earnings released: EPS: €1.06 (vs €1.00 in 1Q 2023) First quarter 2024 results: EPS: €1.06 (up from €1.00 in 1Q 2023). Revenue: €146.9m (up 4.2% from 1Q 2023). Net income: €3.32m (up 6.0% from 1Q 2023). Profit margin: 2.3% (up from 2.2% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.6% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the Auto Components industry in Germany. Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Major Estimate Revision • Apr 24
Consensus EPS estimates fall by 19% The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from €5.81 to €4.68 per share. Revenue forecast steady at €573.0m. Net income forecast to shrink 7.5% next year vs 25% growth forecast for Auto Components industry in Germany . Consensus price target up from €42.00 to €43.00. Share price was steady at €30.00 over the past week. Reported Earnings • Mar 31
Full year 2023 earnings: Revenues and EPS in line with analyst expectations Full year 2023 results: EPS: €5.19 (up from €4.87 in FY 2022). Revenue: €567.4m (up 6.8% from FY 2022). Net income: €16.2m (up 6.6% from FY 2022). Profit margin: 2.9% (in line with FY 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 3.7% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Auto Components industry in Germany. Over the last 3 years on average, earnings per share has increased by 61% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. New Risk • Feb 06
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: €91.3m (US$98.0m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Minor Risks High level of debt (66% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (2.4% net profit margin). Market cap is less than US$100m (€91.3m market cap, or US$98.0m). Major Estimate Revision • Nov 15
Consensus EPS estimates increase by 13% The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate increased from €4.63 to €5.23. Revenue forecast steady at €552.0m. Net income forecast to grow 31% next year vs 20% growth forecast for Auto Components industry in Germany. Consensus price target up from €41.00 to €42.00. Share price rose 2.7% to €30.80 over the past week. Reported Earnings • Nov 09
Third quarter 2023 earnings released: EPS: €1.43 (vs €1.30 in 3Q 2022) Third quarter 2023 results: EPS: €1.43 (up from €1.30 in 3Q 2022). Revenue: €136.9m (flat on 3Q 2022). Net income: €4.47m (up 9.7% from 3Q 2022). Profit margin: 3.3% (up from 3.0% in 3Q 2022). Revenue is forecast to grow 3.9% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Auto Components industry in Germany. Over the last 3 years on average, earnings per share has increased by 72% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 10
Second quarter 2023 earnings released: EPS: €1.73 (vs €1.77 in 2Q 2022) Second quarter 2023 results: EPS: €1.73 (down from €1.77 in 2Q 2022). Revenue: €139.8m (up 9.7% from 2Q 2022). Net income: €5.40m (down 2.4% from 2Q 2022). Profit margin: 3.9% (down from 4.3% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 3.8% p.a. on average during the next 3 years, compared to a 5.4% growth forecast for the Auto Components industry in Germany. Over the last 3 years on average, earnings per share has increased by 79% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth. Duyuru • Jul 27
PWO AG Raises Earnings Guidance for the Fiscal Year 2023 PWO AG raised earnings guidance for the fiscal year 2023. For the period, the company expects raising forecast for EBIT before currency effects in fiscal 2023 to between EUR 23 million and EUR 26 million (previously: EUR 20 million to EUR 23 million; fiscal 2022: EUR 27.5 million). Reported Earnings • May 18
First quarter 2023 earnings released: EPS: €1.00 (vs €1.67 in 1Q 2022) First quarter 2023 results: EPS: €1.00 (down from €1.67 in 1Q 2022). Revenue: €141.0m (up 7.8% from 1Q 2022). Net income: €3.13m (down 40% from 1Q 2022). Profit margin: 2.2% (down from 4.0% in 1Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 3.7% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the Auto Components industry in Germany. Over the last 3 years on average, earnings per share has increased by 69% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth. Duyuru • May 12
Progress-Werk Oberkirch Ag Announces Distribution of Dividend for Fiscal Year 2022 Progress-Werk Oberkirch AG announced Distribution of a dividend of EUR 1.65 per share for fiscal year 2022. Upcoming Dividend • May 04
Upcoming dividend of €1.65 per share at 5.5% yield Eligible shareholders must have bought the stock before 11 May 2023. Payment date: 15 May 2023. Payout ratio is a comfortable 34% but the company is not cash flow positive. Trailing yield: 5.5%. Within top quartile of German dividend payers (4.7%). Higher than average of industry peers (2.5%). Price Target Changed • Apr 06
Price target increased by 23% to €43.00 Up from €34.90, the current price target is provided by 1 analyst. New target price is 38% above last closing price of €31.20. Stock is up 4.3% over the past year. The company is forecast to post earnings per share of €4.99 for next year compared to €4.72 last year. Major Estimate Revision • Nov 22
Consensus EPS estimates increase by 26% The consensus outlook for earnings per share (EPS) in 2022 has improved. 2022 revenue forecast increased from €480.0m to €504.9m. EPS estimate increased from €3.97 to €4.99 per share. Net income forecast to shrink 18% next year vs 26% growth forecast for Auto Components industry in Germany . Consensus price target of €35.90 unchanged from last update. Share price rose 3.3% to €31.00 over the past week. Major Estimate Revision • Nov 17
Consensus EPS estimates increase by 26% The consensus outlook for earnings per share (EPS) in 2022 has improved. 2022 revenue forecast increased from €480.0m to €504.9m. EPS estimate increased from €3.97 to €4.99 per share. Net income forecast to shrink 16% next year vs 26% growth forecast for Auto Components industry in Germany . Consensus price target up from €34.90 to €35.90. Share price rose 3.7% to €31.10 over the past week. Valuation Update With 7 Day Price Move • Sep 23
Investor sentiment deteriorated over the past week After last week's 16% share price decline to €23.80, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 6x in the Auto Components industry in Germany. Negligible returns to shareholders over past three years. Major Estimate Revision • Sep 22
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 revenue forecast increased from €451.1m to €480.0m. EPS estimate fell from €4.45 to €3.97 per share. Net income forecast to shrink 16% next year vs 33% growth forecast for Auto Components industry in Germany . Consensus price target of €34.90 unchanged from last update. Share price fell 5.6% to €26.80 over the past week. Major Estimate Revision • Sep 01
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 revenue forecast fell from €480.0m to €451.1m. EPS estimate rose from €3.97 to €4.45. Net income forecast to shrink 11% next year vs 33% growth forecast for Auto Components industry in Germany . Consensus price target of €34.90 unchanged from last update. Share price fell 3.1% to €28.30 over the past week. Major Estimate Revision • Aug 16
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 EPS estimate fell from €4.45 to €3.97. Revenue forecast unchanged from €480.0m at last update. Net income forecast to shrink 16% next year vs 34% growth forecast for Auto Components industry in Germany . Consensus price target of €34.90 unchanged from last update. Share price was steady at €31.90 over the past week. Reported Earnings • Aug 10
Second quarter 2022 earnings released: EPS: €1.77 (vs €1.49 in 2Q 2021) Second quarter 2022 results: EPS: €1.77 (up from €1.49 in 2Q 2021). Revenue: €127.4m (up 23% from 2Q 2021). Net income: €5.54m (up 19% from 2Q 2021). Profit margin: 4.3% (down from 4.5% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 3.0%, compared to a 10% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Price Target Changed • Jun 07
Price target decreased to €28.80 Down from €31.90, the current price target is provided by 1 analyst. New target price is 6.5% below last closing price of €30.80. Stock is down 10% over the past year. The company is forecast to post earnings per share of €4.45 for next year compared to €4.72 last year. Reported Earnings • May 14
First quarter 2022 earnings: EPS exceeds analyst expectations First quarter 2022 results: EPS: €1.67 (up from €1.32 in 1Q 2021). Revenue: €133.4m (up 21% from 1Q 2021). Net income: €5.21m (up 26% from 1Q 2021). Profit margin: 3.9% (up from 3.8% in 1Q 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 32%. Over the next year, revenue is forecast to grow 7.9%, compared to a 9.5% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Duyuru • May 12
Progress-Werk Oberkirch AG Approves Distribution of Dividend for Fiscal Year 2021 Progress-Werk Oberkirch AG at its Annual General Meeting held on May 10, 2022, approved distribution of a dividend of EUR 1.50 per share for fiscal year 2021. Upcoming Dividend • May 04
Upcoming dividend of €1.50 per share Eligible shareholders must have bought the stock before 11 May 2022. Payment date: 13 May 2022. Trailing yield: 4.9%. Within top quartile of German dividend payers (4.1%). Higher than average of industry peers (3.8%). Reported Earnings • Apr 03
Full year 2021 earnings: EPS exceeds analyst expectations Full year 2021 results: EPS: €4.72 (up from €3.73 loss in FY 2020). Revenue: €418.7m (up 13% from FY 2020). Net income: €14.7m (up €26.4m from FY 2020). Profit margin: 3.5% (up from net loss in FY 2020). The move to profitability was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 32%. Over the next year, revenue is forecast to grow 7.7%, compared to a 8.7% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Jan 24
Investor sentiment deteriorated over the past week After last week's 15% share price decline to €27.60, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 11x in the Auto Components industry in Germany. Total loss to shareholders of 5.9% over the past three years. Valuation Update With 7 Day Price Move • Nov 10
Investor sentiment improved over the past week After last week's 23% share price gain to €32.60, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 12x in the Auto Components industry in Germany. Total returns to shareholders of 17% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €42.29 per share. Reported Earnings • Nov 04
Third quarter 2021 earnings released: EPS €0.86 (vs €1.24 loss in 3Q 2020) The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2021 results: Revenue: €95.2m (down 4.2% from 3Q 2020). Net income: €2.68m (up €6.55m from 3Q 2020). Profit margin: 2.8% (up from net loss in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 61% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Reported Earnings • Aug 03
Second quarter 2021 earnings released: EPS €1.49 (vs €1.98 loss in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: €103.7m (up 109% from 2Q 2020). Net income: €4.66m (up €10.8m from 2Q 2020). Profit margin: 4.5% (up from net loss in 2Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 81 percentage points per year, which is a significant difference in performance. Reported Earnings • May 11
First quarter 2021 earnings released: EPS €1.32 (vs €1.04 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: €110.4m (up 1.4% from 1Q 2020). Net income: €4.14m (up 28% from 1Q 2020). Profit margin: 3.8% (up from 3.0% in 1Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 74 percentage points per year, which is a significant difference in performance. Duyuru • Apr 25
Progress-Werk Oberkirch AG Raises Full-Year Guidance for 2021 Progress-Werk Oberkirch AG raised full-year guidance for 2021. For the year, The company expects revenue to grow to EUR 400 - 410 million (previous forecast: around EUR 380 million; p/y: EUR 371.2 million) and EBIT before currency effects of EUR 15 - 18 million (previous forecast: positive in the low double-digit million range; p/y: EUR -8.1 million). Reported Earnings • Apr 04
Full year 2020 earnings released: €3.73 loss per share (vs €2.91 profit in FY 2019) The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2020 results: Revenue: €382.0m (down 17% from FY 2019). Net loss: €11.7m (down 228% from profit in FY 2019). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 56 percentage points per year, which is a significant difference in performance. Duyuru • Mar 23
Progress-Werk Oberkirch AG Provides Group Earnings Guidance for the Fiscal Year 2021 Progress-Werk Oberkirch AG provided group earnings guidance for the fiscal year 2021. For the year, the company expects revenue of over EUR 380 million. EBIT before currency effects is expected to be clearly positive again, as the high charges and negative extraordinary items in connection with restructuring measures that occurred in the 2020 fiscal year are not expected to occur to this degree in 2021. EBIT of over EUR 10.0 million is expected. Duyuru • Mar 04
Progress-Werk Oberkirch AG, Annual General Meeting, May 19, 2021 Progress-Werk Oberkirch AG, Annual General Meeting, May 19, 2021, at 14:00 Central European Standard Time. Price Target Changed • Mar 01
Price target raised to €29.40 Up from €24.90, the current price target is an average from 2 analysts. The new target price is 21% above the current share price of €24.20. As of last close, the stock is up 9.5% over the past year.