Progress-Werk Oberkirch AG (DE:PWO)
XETRA:PWO
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Progress Werk Oberkirch
(XETRA:PWO)
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Rating:60Neutral
Price Target:
€25.00
▼(-13.79% Downside)
Action:DowngradedDate:03/31/26
Score is driven by mixed fundamentals: profitability remains positive and leverage is improving, but 2025 showed revenue decline, margin compression, and weaker free cash flow. Technicals add downside risk with price below key moving averages and negative MACD. Valuation is the main support, with a low P/E and high dividend yield.
Positive Factors
Improving leverage
Lower debt-to-equity (~0.65x) and growing equity materially reduce refinancing and liquidity risk for a capital-intensive supplier. This stronger capital structure preserves flexibility to fund industrialization, absorb vehicle-cycle shocks, and pursue selective investments without excessive strain on cash flow.
Negative Factors
Revenue and margin pressure
Consecutive revenue declines with sharp margin compression to roughly 1.5% net margin weaken the firm's ability to generate durable profits. Reduced volumes and lower margins undermine pricing power, limit reinvestment capacity, and increase reliance on new program awards to regain economies of scale.
Read all positive and negative factors
Positive Factors
Negative Factors
Improving leverage
Lower debt-to-equity (~0.65x) and growing equity materially reduce refinancing and liquidity risk for a capital-intensive supplier. This stronger capital structure preserves flexibility to fund industrialization, absorb vehicle-cycle shocks, and pursue selective investments without excessive strain on cash flow.
Read all positive factors
Progress Werk Oberkirch (PWO) vs. iShares MSCI Germany ETF (EWG)
Market Cap
€76.88M
Dividend Yield5.91%
Average Volume (3M)643.00
Price to Earnings (P/E)11.4
Beta (1Y)0.29
Revenue Growth-4.01%
EPS Growth-10.36%
CountryDE
Employees3,195
SectorIndustrials
Sector Strength72
IndustryAuto - Parts
Share Statistics
EPS (TTM)-0.21
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)1.66
Revenue Forecast (FY)€507.75M
Progress Werk Oberkirch Business Overview & Revenue Model
Company Description
Progress Werk Oberkirch (PWO) is a leading provider in the automotive and industrial sectors, specializing in the development and production of high-quality metal components and assemblies. With a focus on innovative manufacturing processes, PWO d...
How the Company Makes Money
PWO makes money by selling series-produced automotive components and assemblies to customers in the automotive industry under long-term supply relationships tied to specific vehicle platforms. Revenue is generated mainly from (1) serial manufactur...
Progress Werk Oberkirch Financial Statement Overview
Summary
Income Statement
57
Neutral
Balance Sheet
64
Positive
Cash Flow
52
Neutral
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 524.68M | 555.12M | 555.84M | 530.76M | 404.27M |
| Gross Profit | 47.84M | 229.59M | 56.94M | 211.67M | 186.90M |
| EBITDA | 40.63M | 54.56M | 52.75M | 49.99M | 45.99M |
| Net Income | 8.00M | 12.54M | 16.22M | 15.21M | 14.74M |
Balance Sheet | |||||
| Total Assets | 455.26M | 433.03M | 441.54M | 400.28M | 373.27M |
| Cash, Cash Equivalents and Short-Term Investments | 18.30M | 11.78M | 6.44M | 3.20M | 6.91M |
| Total Debt | 108.01M | 98.92M | 113.73M | 118.57M | 110.52M |
| Total Liabilities | 289.37M | 270.75M | 285.01M | 248.97M | 247.97M |
| Stockholders Equity | 165.89M | 162.28M | 156.53M | 151.32M | 125.30M |
Cash Flow | |||||
| Free Cash Flow | 11.01M | 39.51M | 6.36M | -2.94M | 10.88M |
| Operating Cash Flow | 42.13M | 78.00M | 30.51M | 11.57M | 20.96M |
| Investing Cash Flow | -32.25M | -36.84M | -19.20M | -14.35M | -9.95M |
| Financing Cash Flow | 4.60M | -27.70M | -24.83M | -2.73M | -12.09M |
Progress Werk Oberkirch Technical Analysis
Neutral
29.00
Price Trends
25.34
Negative
27.10
Negative
28.03
Negative
Market Momentum
-0.34
Negative
49.28
Neutral
66.67
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For DE:PWO, the sentiment is Neutral. The current price of 29 is above the 20-day moving average (MA) of 24.30, above the 50-day MA of 25.34, and above the 200-day MA of 28.03, indicating a neutral trend. The MACD of -0.34 indicates Negative momentum. The RSI at 49.28 is Neutral, neither overbought nor oversold. The STOCH value of 66.67 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for DE:PWO.
Progress Werk Oberkirch Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
60 Neutral | €76.88M | 11.40 | 4.87% | 5.91% | -4.01% | -10.36% | |
60 Neutral | €112.50M | 3.81 | 10.71% | ― | -10.08% | ― | |
55 Neutral | €352.28M | -44.43 | -18.51% | 3.51% | -6.21% | -995.53% | |
54 Neutral | €8.21B | 110.15 | 5.24% | 1.17% | <0.01% | -50.97% | |
52 Neutral | €151.79M | -16.95 | -15.50% | 1.38% | -17.63% | 30.27% | |
40 Underperform | €97.50M | -2.89 | -39.31% | 10.96% | -13.53% | -394.79% |
* Industrials Sector Average
DE:PWO
Progress Werk Oberkirch
24.60
-2.13
-7.98%
DE:BDT
Bertrandt
15.02
-6.88
-31.42%
DE:ED4
EDAG Engineering
3.90
-2.50
-39.06%
DE:ZIL2
ElringKlinger
5.56
1.46
35.61%
DE:GMM
Grammer
7.55
0.40
5.59%
DE:HLE
Hella KGaA Hueck & Co
73.90
-8.98
-10.84%
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.