PNE AG (PNE3.DE) Stock Fundamental Analysis
FRA:PNE3 - DE000A0JBPG2 - Common Stock
13.76 EUR
+0.02 (+0.15%)
We assign a fundamental rating of 3 out of 10 to PNE3. PNE3 was compared to 58 industry peers in the Electrical Equipment industry. While PNE3 is still in line with the averages on profitability rating, there are concerns on its financial health. PNE3 is quite expensive at the moment. It does show a decent growth rate.
1. Profitability
1.1 Basic Checks
In the past year PNE3 has reported negative net income.
PNE3 had a negative operating cash flow in the past year.
The reported net income has been mixed in the past 5 years: PNE3 reported negative net income in multiple years.
In the past 5 years PNE3 reported 4 times negative operating cash flow.
1.2 Ratios
PNE3 has a Return On Assets (-1.84%) which is comparable to the rest of the industry.
PNE3 has a worse Return On Equity (-13.94%) than 62.07% of its industry peers.
PNE3 has a Return On Invested Capital (1.83%) which is in line with its industry peers.
PNE3 had an Average Return On Invested Capital over the past 3 years of 1.04%. This is significantly below the industry average of 8.88%.
The 3 year average ROIC (1.04%) for PNE3 is below the current ROIC(1.83%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -1.84% | ||
| ROE | -13.94% | ||
| ROIC | 1.83% |
ROA(3y)-0.1%
ROA(5y)0.59%
ROE(3y)-1.68%
ROE(5y)1.34%
ROIC(3y)1.04%
ROIC(5y)1.02%
1.3 Margins
The Operating Margin of PNE3 (12.56%) is better than 84.48% of its industry peers.
In the last couple of years the Operating Margin of PNE3 has grown nicely.
With an excellent Gross Margin value of 72.42%, PNE3 belongs to the best of the industry, outperforming 93.10% of the companies in the same industry.
In the last couple of years the Gross Margin of PNE3 has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 12.56% | ||
| PM (TTM) | N/A | ||
| GM | 72.42% |
OM growth 3Y22.83%
OM growth 5Y4.42%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y1.79%
GM growth 5Y6.82%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), PNE3 is destroying value.
The number of shares outstanding for PNE3 has been increased compared to 1 year ago.
The number of shares outstanding for PNE3 has been increased compared to 5 years ago.
Compared to 1 year ago, PNE3 has a worse debt to assets ratio.
2.2 Solvency
Based on the Altman-Z score of 1.01, we must say that PNE3 is in the distress zone and has some risk of bankruptcy.
Looking at the Altman-Z score, with a value of 1.01, PNE3 is doing worse than 70.69% of the companies in the same industry.
A Debt/Equity ratio of 5.26 is on the high side and indicates that PNE3 has dependencies on debt financing.
PNE3 has a worse Debt to Equity ratio (5.26) than 91.38% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 5.26 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 1.01 |
ROIC/WACC0.37
WACC5%
2.3 Liquidity
A Current Ratio of 2.00 indicates that PNE3 should not have too much problems paying its short term obligations.
PNE3 has a Current ratio of 2.00. This is in the better half of the industry: PNE3 outperforms 70.69% of its industry peers.
PNE3 has a Quick Ratio of 2.00. This is a bad value and indicates that PNE3 is not financially healthy enough and could expect problems in meeting its short term obligations.
With a Quick ratio value of 0.88, PNE3 perfoms like the industry average, outperforming 50.00% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2 | ||
| Quick Ratio | 0.88 |
3. Growth
3.1 Past
PNE3 shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -50.44%.
The Revenue has grown by 78.86% in the past year. This is a very strong growth!
The Revenue has been growing by 9.64% on average over the past years. This is quite good.
EPS 1Y (TTM)-50.44%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-25.34%
Revenue 1Y (TTM)78.86%
Revenue growth 3Y21.35%
Revenue growth 5Y9.64%
Sales Q2Q%57.53%
3.2 Future
The Earnings Per Share is expected to grow by 43.88% on average over the next years. This is a very strong growth
PNE3 is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 7.57% yearly.
EPS Next Y332.27%
EPS Next 2Y128.6%
EPS Next 3Y95.6%
EPS Next 5Y43.88%
Revenue Next Year27.39%
Revenue Next 2Y20.64%
Revenue Next 3Y18.7%
Revenue Next 5Y7.57%
3.3 Evolution
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
PNE3 reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
A Price/Forward Earnings ratio of 40.47 indicates a quite expensive valuation of PNE3.
Based on the Price/Forward Earnings ratio, PNE3 is valued a bit more expensive than the industry average as 60.34% of the companies are valued more cheaply.
The average S&P500 Price/Forward Earnings ratio is at 22.48. PNE3 is valued rather expensively when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 40.47 |
4.2 Price Multiples
63.79% of the companies in the same industry are cheaper than PNE3, based on the Enterprise Value to EBITDA ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 31.65 |
4.3 Compensation for Growth
The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
PNE3's earnings are expected to grow with 95.60% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y128.6%
EPS Next 3Y95.6%
5. Dividend
5.1 Amount
PNE3 has a yearly dividend return of 0.57%, which is pretty low.
Compared to an average industry Dividend Yield of 2.40, PNE3 pays a bit more dividend than its industry peers.
With a Dividend Yield of 0.57, PNE3 pays less dividend than the S&P500 average, which is at 2.32.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.57% |
5.2 History
On average, the dividend of PNE3 grows each year by 15.45%, which is quite nice.
Dividend Growth(5Y)15.45%
Div Incr Years1
Div Non Decr Years6
5.3 Sustainability
The earnings of PNE3 are negative and hence is the payout ratio. PNE3 will probably not be able to sustain this dividend level.
PNE3's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP-28.27%
EPS Next 2Y128.6%
EPS Next 3Y95.6%
FRA:PNE3 (9/3/2025, 7:00:00 PM)
13.76
+0.02 (+0.15%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryElectrical Equipment
Earnings (Last)
Earnings (Next)
Inst Owners42.71%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap1.05B
Analysts84.44
Price Target19.94 (44.91%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.57% |
Yearly Dividend0.08
Dividend Growth(5Y)15.45%
DP-28.27%
Div Incr Years1
Div Non Decr Years6
Ex-DateN/A
Surprises & Revisions
EPS beat(2)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)N/A
Avg Revenue beat(2)N/A
Min Revenue beat(2)N/A
Max Revenue beat(2)N/A
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)0%
PT rev (3m)4.83%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)255.56%
EPS NY rev (3m)255.56%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)15.1%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 40.47 | ||
| P/S | 4.71 | ||
| P/FCF | N/A | ||
| P/OCF | N/A | ||
| P/B | 6.2 | ||
| P/tB | 10.13 | ||
| EV/EBITDA | 31.65 |
EPS(TTM)-0.31
EYN/A
EPS(NY)0.34
Fwd EY2.47%
FCF(TTM)-2.75
FCFYN/A
OCF(TTM)-2.33
OCFYN/A
SpS2.92
BVpS2.22
TBVpS1.36
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -1.84% | ||
| ROE | -13.94% | ||
| ROCE | 2.6% | ||
| ROIC | 1.83% | ||
| ROICexc | 1.94% | ||
| ROICexgc | 2.08% | ||
| OM | 12.56% | ||
| PM (TTM) | N/A | ||
| GM | 72.42% | ||
| FCFM | N/A |
ROA(3y)-0.1%
ROA(5y)0.59%
ROE(3y)-1.68%
ROE(5y)1.34%
ROIC(3y)1.04%
ROIC(5y)1.02%
ROICexc(3y)1.15%
ROICexc(5y)1.19%
ROICexgc(3y)1.25%
ROICexgc(5y)1.32%
ROCE(3y)1.47%
ROCE(5y)1.45%
ROICexcg growth 3Y23.79%
ROICexcg growth 5Y-10.31%
ROICexc growth 3Y25.79%
ROICexc growth 5Y-7.56%
OM growth 3Y22.83%
OM growth 5Y4.42%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y1.79%
GM growth 5Y6.82%
F-Score1
Asset Turnover0.17
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 5.26 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | 14.37 | ||
| Cap/Depr | 93.26% | ||
| Cap/Sales | 14.22% | ||
| Interest Coverage | N/A | ||
| Cash Conversion | N/A | ||
| Profit Quality | N/A | ||
| Current Ratio | 2 | ||
| Quick Ratio | 0.88 | ||
| Altman-Z | 1.01 |
F-Score1
WACC5%
ROIC/WACC0.37
Cap/Depr(3y)170.23%
Cap/Depr(5y)214.47%
Cap/Sales(3y)37.75%
Cap/Sales(5y)44.47%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-50.44%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-25.34%
EPS Next Y332.27%
EPS Next 2Y128.6%
EPS Next 3Y95.6%
EPS Next 5Y43.88%
Revenue 1Y (TTM)78.86%
Revenue growth 3Y21.35%
Revenue growth 5Y9.64%
Sales Q2Q%57.53%
Revenue Next Year27.39%
Revenue Next 2Y20.64%
Revenue Next 3Y18.7%
Revenue Next 5Y7.57%
EBIT growth 1Y1003.25%
EBIT growth 3Y49.06%
EBIT growth 5Y14.49%
EBIT Next Year203.65%
EBIT Next 3Y67.89%
EBIT Next 5Y40.67%
FCF growth 1Y-82.4%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-229.12%
OCF growth 3YN/A
OCF growth 5YN/A