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Progress Werk Oberkirch
(XETRA:PWO)
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Rating:55Neutral
Price Target:
€24.00
▲(5.26% Upside)
Action:Reiterated
Date:08/17/26
Overall score reflects pressured financial performance (margin compression, weaker ROE, and declining free cash flow) as the primary drag, despite a stable balance sheet and still-positive cash generation. Technicals are neutral-to-soft with the price below key longer-term moving averages. Valuation is supported by a high dividend yield, but offset by a relatively high P/E given the recent profitability deterioration.
Positive Factors
Recurring automotive program revenue
Long-term series-production contracts can provide revenue visibility across vehicle model lifecycles. PWO’s forming, joining and assembly capabilities also support repeat business when components are nominated for new automotive programs.
Negative Factors
Declining revenue trend
A flat-to-down revenue trajectory suggests limited current expansion in customer programs or production volumes. For an automotive supplier, sustained weakness can reduce factory utilization and make fixed manufacturing costs harder to absorb.
Read all positive and negative factors
Positive Factors
Negative Factors
Recurring automotive program revenue
Long-term series-production contracts can provide revenue visibility across vehicle model lifecycles. PWO’s forming, joining and assembly capabilities also support repeat business when components are nominated for new automotive programs.
Read all positive factors
Progress Werk Oberkirch (PWO) vs. iShares MSCI Germany ETF (EWG)
Market Cap
€72.50M
Dividend Yield7.11%
Average Volume (3M)643.00
Price to Earnings (P/E)26.7
Beta (1Y)0.35
Revenue Growth-6.65%
EPS Growth-75.87%
CountryDE
Employees3,286
SectorGeneral
Sector StrengthN/A
IndustryAuto - Parts
Share Statistics
EPS (TTM)0.87
Shares Outstanding3,125,000
10 Day Avg. Volume753
30 Day Avg. Volume643
Financial Highlights & Ratios
PEG Ratio-0.32
Price to Book (P/B)0.55
Price to Sales (P/S)0.17
P/FCF Ratio8.29
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)1.82
Revenue Forecast (FY)€501.10M
Progress Werk Oberkirch Business Overview & Revenue Model
Company Description
PWO AG is dedicated to the engineering and manufacturing of metal components and integrated systems, prioritizing lightweight construction techniques. Its product portfolio features a wide range of mechanical, safety-critical, and structural parts...
How the Company Makes Money
PWO primarily makes money by selling engineered metal components, subassemblies, and assembled modules to customers in the automotive industry. Revenue is generated through long-term, series-production supply contracts tied to specific vehicle pla...
Progress Werk Oberkirch Financial Statement Overview
Summary
Income Statement
56
Neutral
Balance Sheet
63
Positive
Cash Flow
52
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 504.02M | 524.68M | 555.12M | 555.84M | 530.76M | 404.27M |
| Gross Profit | 55.52M | 47.84M | 229.59M | 56.94M | 211.67M | 186.90M |
| EBITDA | 42.50M | 40.63M | 54.56M | 52.75M | 49.99M | 45.99M |
| Net Income | 2.70M | 8.00M | 12.54M | 16.22M | 15.21M | 14.74M |
Balance Sheet | ||||||
| Total Assets | 442.77M | 455.26M | 433.03M | 441.54M | 400.28M | 373.27M |
| Cash, Cash Equivalents and Short-Term Investments | 12.36M | 18.30M | 11.78M | 6.44M | 3.20M | 6.91M |
| Total Debt | 106.02M | 108.01M | 98.92M | 113.73M | 118.57M | 110.52M |
| Total Liabilities | 278.49M | 289.37M | 270.75M | 285.01M | 248.97M | 247.97M |
| Stockholders Equity | 164.28M | 165.89M | 162.28M | 156.53M | 151.32M | 125.30M |
Cash Flow | ||||||
| Free Cash Flow | 13.70M | 11.01M | 39.51M | 6.36M | -2.94M | 10.88M |
| Operating Cash Flow | 40.06M | 42.13M | 78.00M | 30.51M | 11.57M | 20.96M |
| Investing Cash Flow | -27.67M | -32.25M | -36.84M | -19.20M | -14.35M | -9.95M |
| Financing Cash Flow | -8.65M | 4.60M | -27.70M | -24.83M | -2.73M | -12.09M |
Progress Werk Oberkirch Technical Analysis
Negative
22.80
Price Trends
23.57
Negative
24.18
Negative
24.96
Negative
Market Momentum
>-0.01
Negative
47.96
Neutral
63.33
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For DE:PWO, the sentiment is Negative. The current price of 22.8 is below the 20-day moving average (MA) of 23.13, below the 50-day MA of 23.57, and below the 200-day MA of 24.96, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 47.96 is Neutral, neither overbought nor oversold. The STOCH value of 63.33 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for DE:PWO.
Progress Werk Oberkirch Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
70 Outperform | €168.38M | 7.90 | 11.78% | ― | -3.07% | ― | |
57 Neutral | €340.24M | 13.30 | 0.83% | 3.11% | -0.34% | ― | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
55 Neutral | €72.50M | 26.75 | 1.63% | 7.24% | -6.65% | -75.87% | |
53 Neutral | €8.02B | 70.10 | 3.69% | 0.31% | -1.39% | -39.91% | |
51 Neutral | €87.72M | -1.82 | -15.45% | 2.95% | -14.82% | 44.17% | |
44 Neutral | €117.00M | -1.79 | -43.62% | ― | -12.94% | -94.55% |
* General Sector Average
DE:PWO
Progress Werk Oberkirch
23.00
-4.20
-15.44%
DE:BDT
Bertrandt
8.52
-11.20
-56.80%
DE:ED4
EDAG Engineering
3.19
-3.57
-52.81%
DE:ZIL2
ElringKlinger
5.44
0.98
21.92%
DE:GMM
Grammer
11.60
4.85
71.85%
DE:HLE
Hella KGaA Hueck & Co
71.90
-15.63
-17.86%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.