PNE AG (PNE3.DE) Stock Fundamental Analysis
FRA:PNE3 - Deutsche Boerse Ag - DE000A0JBPG2 - Common Stock - Currency: EUR
Taking everything into account, PNE3 scores 3 out of 10 in our fundamental rating. PNE3 was compared to 54 industry peers in the Electrical Equipment industry. There are concerns on the financial health of PNE3 while its profitability can be described as average. PNE3 is valied quite expensively at the moment, while it does show a decent growth rate.
1. Profitability
1.1 Basic Checks
PNE3 had negative earnings in the past year.
PNE3 had a negative operating cash flow in the past year.
In multiple years PNE3 reported negative net income over the last 5 years.
PNE3 had negative operating cash flow in 4 of the past 5 years.
1.2 Ratios
PNE3 has a Return On Assets of -1.56%. This is comparable to the rest of the industry: PNE3 outperforms 44.44% of its industry peers.
PNE3 has a Return On Equity of -10.13%. This is in the lower half of the industry: PNE3 underperforms 61.11% of its industry peers.
PNE3 has a Return On Invested Capital (1.78%) which is in line with its industry peers.
The Average Return On Invested Capital over the past 3 years for PNE3 is significantly below the industry average of 7.58%.
The last Return On Invested Capital (1.78%) for PNE3 is above the 3 year average (1.04%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -1.56% | ||
| ROE | -10.13% | ||
| ROIC | 1.78% |
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
PNE3 has a better Operating Margin (13.05%) than 88.89% of its industry peers.
PNE3's Operating Margin has improved in the last couple of years.
PNE3 has a better Gross Margin (76.75%) than 98.15% of its industry peers.
In the last couple of years the Gross Margin of PNE3 has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 13.05% | ||
| PM (TTM) | N/A | ||
| GM | 76.75% |
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.
Compared to 1 year ago, PNE3 has more shares outstanding
PNE3 has more shares outstanding than it did 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 1.21, we must say that PNE3 is in the distress zone and has some risk of bankruptcy.
PNE3's Altman-Z score of 1.21 is on the low side compared to the rest of the industry. PNE3 is outperformed by 61.11% of its industry peers.
A Debt/Equity ratio of 4.38 is on the high side and indicates that PNE3 has dependencies on debt financing.
With a Debt to Equity ratio value of 4.38, PNE3 is not doing good in the industry: 94.44% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 4.38 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 1.21 |
ROIC/WACC0.31
WACC5.66%
2.3 Liquidity
PNE3 has a Current Ratio of 2.49. This indicates that PNE3 is financially healthy and has no problem in meeting its short term obligations.
Looking at the Current ratio, with a value of 2.49, PNE3 is in the better half of the industry, outperforming 77.78% of the companies in the same industry.
A Quick Ratio of 1.02 indicates that PNE3 should not have too much problems paying its short term obligations.
Looking at the Quick ratio, with a value of 1.02, PNE3 is in line with its industry, outperforming 57.41% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.49 | ||
| Quick Ratio | 1.02 |
3. Growth
3.1 Past
PNE3 shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -137.80%.
The Revenue has grown by 71.43% in the past year. This is a very strong growth!
Measured over the past years, PNE3 shows a quite strong growth in Revenue. The Revenue has been growing by 9.64% on average per year.
EPS 1Y (TTM)-137.8%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-138.98%
Revenue 1Y (TTM)71.43%
Revenue growth 3Y21.35%
Revenue growth 5Y9.64%
Sales Q2Q%-11.15%
3.2 Future
Based on estimates for the next years, PNE3 will show a very strong growth in Earnings Per Share. The EPS will grow by 43.93% on average per year.
The Revenue is expected to grow by 7.62% on average over the next years.
EPS Next Y165.32%
EPS Next 2Y114.78%
EPS Next 3Y82.85%
EPS Next 5Y43.93%
Revenue Next Year10.68%
Revenue Next 2Y18.74%
Revenue Next 3Y16.96%
Revenue Next 5Y7.62%
3.3 Evolution
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings Ratio is negative for PNE3. In the last year negative earnings were reported.
The Price/Forward Earnings ratio is 55.48, which means the current valuation is very expensive for PNE3.
62.96% of the companies in the same industry are cheaper than PNE3, based on the Price/Forward Earnings ratio.
Compared to an average S&P500 Price/Forward Earnings ratio of 22.30, PNE3 is valued quite expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 55.48 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of PNE3 is on the same level as its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 32.78 |
4.3 Compensation for Growth
PNE3's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
A more expensive valuation may be justified as PNE3's earnings are expected to grow with 82.85% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y114.78%
EPS Next 3Y82.85%
5. Dividend
5.1 Amount
With a yearly dividend of 0.53%, PNE3 is not a good candidate for dividend investing.
PNE3's Dividend Yield is a higher than the industry average which is at 2.25.
Compared to an average S&P500 Dividend Yield of 2.38, PNE3's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.53% |
5.2 History
The dividend of PNE3 is nicely growing with an annual growth rate of 15.45%!
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.
The dividend of PNE3 is growing, but earnings are growing more, so the dividend growth is sustainable.
DP-30.96%
EPS Next 2Y114.78%
EPS Next 3Y82.85%
FRA:PNE3 (6/3/2025, 7:00:00 PM)
15.28
-0.06 (-0.39%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryElectrical Equipment
Earnings (Last)
Earnings (Next)
Inst Owners44.82%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap1.17B
Analysts86
Price Target19.02 (24.48%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.53% |
Yearly Dividend0.08
Dividend Growth(5Y)15.45%
DP-30.96%
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)1.36%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)177.88%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)6.21%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 55.48 | ||
| P/S | 5.66 | ||
| P/FCF | N/A | ||
| P/OCF | N/A | ||
| P/B | 6.02 | ||
| P/tB | 9.06 | ||
| EV/EBITDA | 32.78 |
EPS(TTM)-0.26
EYN/A
EPS(NY)0.28
Fwd EY1.8%
FCF(TTM)-2.73
FCFYN/A
OCF(TTM)-2.19
OCFYN/A
SpS2.7
BVpS2.54
TBVpS1.69
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -1.56% | ||
| ROE | -10.13% | ||
| ROCE | 2.53% | ||
| ROIC | 1.78% | ||
| ROICexc | 1.95% | ||
| ROICexgc | 2.09% | ||
| OM | 13.05% | ||
| PM (TTM) | N/A | ||
| GM | 76.75% | ||
| 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-Score2
Asset Turnover0.16
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 4.38 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | 13.93 | ||
| Cap/Depr | 121.35% | ||
| Cap/Sales | 20.06% | ||
| Interest Coverage | 2.09 | ||
| Cash Conversion | N/A | ||
| Profit Quality | N/A | ||
| Current Ratio | 2.49 | ||
| Quick Ratio | 1.02 | ||
| Altman-Z | 1.21 |
F-Score2
WACC5.66%
ROIC/WACC0.31
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)-137.8%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-138.98%
EPS Next Y165.32%
EPS Next 2Y114.78%
EPS Next 3Y82.85%
EPS Next 5Y43.93%
Revenue 1Y (TTM)71.43%
Revenue growth 3Y21.35%
Revenue growth 5Y9.64%
Sales Q2Q%-11.15%
Revenue Next Year10.68%
Revenue Next 2Y18.74%
Revenue Next 3Y16.96%
Revenue Next 5Y7.62%
EBIT growth 1Y345.18%
EBIT growth 3Y49.06%
EBIT growth 5Y14.49%
EBIT Next Year203.65%
EBIT Next 3Y67.89%
EBIT Next 5Y40.73%
FCF growth 1Y-68.38%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-736.74%
OCF growth 3YN/A
OCF growth 5YN/A