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VOXELJET AG-ADR (VJET) Stock Fundamental Analysis

USA - NASDAQ:VJET - US92912L2060 - ADR

0.6401 USD
+0.06 (+10.08%)
Last: 3/22/2024, 8:06:32 PM
0.6668 USD
+0.03 (+4.17%)
After Hours: 3/22/2024, 8:06:32 PM
Fundamental Rating

2

VJET gets a fundamental rating of 2 out of 10. The analysis compared the fundamentals against 129 industry peers in the Machinery industry. Both the profitability and financial health of VJET have multiple concerns. VJET is valued expensive and it does not seem to be growing.


Dividend Valuation Growth Profitability Health

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0

1. Profitability

1.1 Basic Checks

VJET had negative earnings in the past year.
VJET had a negative operating cash flow in the past year.
In the past 5 years VJET always reported negative net income.
In the past 5 years VJET always reported negative operating cash flow.
VJET Yearly Net Income VS EBIT VS OCF VS FCFVJET Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 -5M -10M -15M

1.2 Ratios

VJET's Return On Assets of -20.50% is on the low side compared to the rest of the industry. VJET is outperformed by 83.21% of its industry peers.
The Return On Equity of VJET (-70.33%) is worse than 86.26% of its industry peers.
Industry RankSector Rank
ROA -20.5%
ROE -70.33%
ROIC N/A
ROA(3y)-21.74%
ROA(5y)-20.04%
ROE(3y)-52.23%
ROE(5y)-43.44%
ROIC(3y)N/A
ROIC(5y)N/A
VJET Yearly ROA, ROE, ROICVJET Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 -20 -40 -60

1.3 Margins

Looking at the Gross Margin, with a value of 27.79%, VJET is in line with its industry, outperforming 48.09% of the companies in the same industry.
In the last couple of years the Gross Margin of VJET has declined.
The Profit Margin and Operating Margin are not available for VJET so they could not be analyzed.
Industry RankSector Rank
OM N/A
PM (TTM) N/A
GM 27.79%
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y0.28%
GM growth 5Y-6.07%
VJET Yearly Profit, Operating, Gross MarginsVJET Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 0 20 -20 40 -40 -60

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3

2. Health

2.1 Basic Checks

VJET does not have a ROIC to compare to the WACC, probably because it is not profitable.
The number of shares outstanding for VJET has been increased compared to 1 year ago.
VJET has a better debt/assets ratio than last year.
VJET Yearly Shares OutstandingVJET Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2M 4M 6M 8M
VJET Yearly Total Debt VS Total AssetsVJET Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 20M 40M 60M

2.2 Solvency

Based on the Altman-Z score of 0.77, we must say that VJET is in the distress zone and has some risk of bankruptcy.
VJET has a Altman-Z score of 0.77. This is in the lower half of the industry: VJET underperforms 74.81% of its industry peers.
VJET has a Debt/Equity ratio of 1.51. This is a high value indicating a heavy dependency on external financing.
VJET has a Debt to Equity ratio of 1.51. This is amonst the worse of the industry: VJET underperforms 89.31% of its industry peers.
Industry RankSector Rank
Debt/Equity 1.51
Debt/FCF N/A
Altman-Z 0.77
ROIC/WACCN/A
WACC22.72%
VJET Yearly LT Debt VS Equity VS FCFVJET Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 0 20M 40M 60M

2.3 Liquidity

VJET has a Current Ratio of 2.51. This indicates that VJET is financially healthy and has no problem in meeting its short term obligations.
VJET has a Current ratio of 2.51. This is in the better half of the industry: VJET outperforms 66.41% of its industry peers.
A Quick Ratio of 1.42 indicates that VJET should not have too much problems paying its short term obligations.
VJET has a Quick ratio of 1.42. This is in the better half of the industry: VJET outperforms 65.65% of its industry peers.
Industry RankSector Rank
Current Ratio 2.51
Quick Ratio 1.42
VJET Yearly Current Assets VS Current LiabilitesVJET Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 10M 20M 30M 40M

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3

3. Growth

3.1 Past

VJET shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 24.07%, which is quite impressive.
VJET shows a small growth in Revenue. In the last year, the Revenue has grown by 6.58%.
Measured over the past years, VJET shows a small growth in Revenue. The Revenue has been growing by 3.72% on average per year.
EPS 1Y (TTM)24.07%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%72.28%
Revenue 1Y (TTM)6.58%
Revenue growth 3Y4.2%
Revenue growth 5Y3.72%
Sales Q2Q%7.49%

3.2 Future

Based on estimates for the next years, VJET will show a decrease in Earnings Per Share. The EPS will decrease by -4.10% on average per year.
The Revenue is expected to grow by 6.39% on average over the next years.
EPS Next Y5.65%
EPS Next 2Y-4.1%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year6.09%
Revenue Next 2Y6.39%
Revenue Next 3YN/A
Revenue Next 5YN/A

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 accelerating.
VJET Yearly Revenue VS EstimatesVJET Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 10M 20M 30M
VJET Yearly EPS VS EstimatesVJET Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2020 2021 2022 2023 2024 -1 -2 -3

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4. Valuation

4.1 Price/Earnings Ratio

The Price/Earnings Ratio is negative for VJET. In the last year negative earnings were reported.
Besides the negative Price/Earnings Ratio, also the Forward Price/Earnings Ratio is negative for VJET. No positive earnings are expected for the next year.
Industry RankSector Rank
PE N/A
Fwd PE N/A
VJET Price Earnings VS Forward Price EarningsVJET Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 5 10 15 20 25

4.2 Price Multiples

Industry RankSector Rank
P/FCF N/A
EV/EBITDA N/A
VJET Per share dataVJET EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 1 -1 2 3

4.3 Compensation for Growth

VJET's earnings are expected to decrease with -4.10% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-4.1%
EPS Next 3YN/A

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5. Dividend

5.1 Amount

VJET does not give a dividend.
Industry RankSector Rank
Dividend Yield N/A

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VOXELJET AG-ADR

NASDAQ:VJET (3/22/2024, 8:06:32 PM)

After market: 0.6668 +0.03 (+4.17%)

0.6401

+0.06 (+10.08%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryMachinery
Earnings (Last)03-28 2024-03-28/amc
Earnings (Next)05-15 2024-05-15/amc
Inst Owners0.02%
Inst Owner Change0%
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap5.85M
Analysts82.86
Price Target2.81 (338.99%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield N/A
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)25.87%
Min EPS beat(2)25.73%
Max EPS beat(2)26.01%
EPS beat(4)4
Avg EPS beat(4)51.71%
Min EPS beat(4)25.73%
Max EPS beat(4)98.28%
EPS beat(8)7
Avg EPS beat(8)79.78%
EPS beat(12)9
Avg EPS beat(12)45.82%
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)1
Avg Revenue beat(2)18.85%
Min Revenue beat(2)-1.47%
Max Revenue beat(2)39.17%
Revenue beat(4)3
Avg Revenue beat(4)10.71%
Min Revenue beat(4)-1.47%
Max Revenue beat(4)39.17%
Revenue beat(8)6
Avg Revenue beat(8)8.5%
Revenue beat(12)8
Avg Revenue beat(12)5.44%
Revenue beat(16)8
Avg Revenue beat(16)3.41%
PT rev (1m)0%
PT rev (3m)0%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0%
EPS NY rev (1m)0%
EPS NY rev (3m)0%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE N/A
P/S 0.18
P/FCF N/A
P/OCF N/A
P/B 0.38
P/tB 0.4
EV/EBITDA N/A
EPS(TTM)-1.19
EYN/A
EPS(NY)-1.87
Fwd EYN/A
FCF(TTM)-1.1
FCFYN/A
OCF(TTM)-1.01
OCFYN/A
SpS3.53
BVpS1.7
TBVpS1.6
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA -20.5%
ROE -70.33%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) N/A
GM 27.79%
FCFM N/A
ROA(3y)-21.74%
ROA(5y)-20.04%
ROE(3y)-52.23%
ROE(5y)-43.44%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y0.28%
GM growth 5Y-6.07%
F-Score3
Asset Turnover0.6
Health
Industry RankSector Rank
Debt/Equity 1.51
Debt/FCF N/A
Debt/EBITDA N/A
Cap/Depr 25.34%
Cap/Sales 2.52%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 2.51
Quick Ratio 1.42
Altman-Z 0.77
F-Score3
WACC22.72%
ROIC/WACCN/A
Cap/Depr(3y)21.53%
Cap/Depr(5y)39.85%
Cap/Sales(3y)2.56%
Cap/Sales(5y)5.36%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)24.07%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%72.28%
EPS Next Y5.65%
EPS Next 2Y-4.1%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)6.58%
Revenue growth 3Y4.2%
Revenue growth 5Y3.72%
Sales Q2Q%7.49%
Revenue Next Year6.09%
Revenue Next 2Y6.39%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y-30.27%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year-49.48%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-41.53%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-32.71%
OCF growth 3YN/A
OCF growth 5YN/A