PVA TePla (TPE) AI Stock Analysis

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PVA TePla

(XETRA:TPE)

Rating:75Outperform

Price Target:―

PVA TePla scores strongly due to its robust financial performance and positive technical indicators. The company's solid revenue growth and profitability underpin its financial health, while the technical analysis suggests bullish momentum. Although the valuation is fair, the absence of dividends is a consideration for some investors. Overall, the company appears well-positioned for growth in the semiconductor industry.

Positive Factors

EBITDA Margin

EBITDA margin increased to 18% from 15.8% in the prior year, driven by stronger sales in metrology.

Financial Performance

PVA TePla's Q1 print beats on EBIT with order also slightly ahead of estimates.

Metrology Demand

Higher demand for metrology equipment is driving order intake ahead year over year and quarter over quarter.

Negative Factors

Industrial Segment Orders

Incremental negative commentary on overall market uncertainty is a potential headwind for order momentum, particularly in the industrials segment.

Investment Impact

PVA's decision to front load investments as it aims to expand its capacities could further weigh on margins in case of customer order delays.

Revenue Target Skepticism

Investors are skeptical of PVA's €500m revenue target for 2028 due to its current low trading values.

PVA TePla (TPE) vs. iShares MSCI Germany ETF (EWG)

Market Cap

€371.27M

Dividend YieldN/A

Average Volume (3M)75.11K

Price to Earnings (P/E)14.9

Beta (1Y)1.65

Revenue Growth0.43%

EPS Growth2.78%

CountryDE

Employees811

SectorIndustrials

Sector Strength94

IndustryIndustrial - Machinery

Share Statistics

EPS (TTM)0.17

Shares Outstanding21,749,989

10 Day Avg. Volume76,160

30 Day Avg. Volume75,114

Financial Highlights & Ratios

PEG Ratio-1.79

Price to Book (P/B)1.99

Price to Sales (P/S)0.00

P/FCF Ratio23.68

Enterprise Value/Market CapN/A

Enterprise Value/RevenueN/A

Enterprise Value/Gross ProfitN/A

Enterprise Value/EbitdaN/A

Forecast

1Y Price Target

€22.38

Price Target Upside25.38% Upside

Rating ConsensusModerate Buy

Number of Analyst Covering4

PVA TePla Business Overview & Revenue Model

Company DescriptionPVA TePla AG, together with its subsidiaries, manufactures and sells systems for the production and refinement of high-tech materials worldwide. It operates through two segments, Industrial Systems and Semiconductor Systems. The Industrial Systems division provides structural material technologies for semiconductor, aviation and aerospace, energy technology, and hard metal tools industries; and engages in the vacuum brazing, vacuum heat treatment, and diffusion bonding activities. The Semiconductor Systems division offers crystal growing systems, including silicon wafer technologies for microelectronics and silicon carbide wafer technologies for high-performance electronics; metrology systems comprising technologies for non-destructive quality control of wafers, semiconductor parts, and high-tech industrial material; and plasma systems, such as production technologies for micro-electronic mechanical systems and high-brightness light-emitting diodes, as well as technologies for the fabrication of ultrathin wafers. The company is headquartered in Wettenberg, Germany.

How the Company Makes MoneyPVA TePla generates revenue through the sale of its specialized equipment to industries that require advanced manufacturing processes, particularly in the semiconductor and photovoltaic sectors. The company’s key revenue streams include the sale of crystal growing systems which are crucial for semiconductor wafer production, vacuum systems used in various high-tech manufacturing processes, and metrology and analytical tools that ensure quality and precision in materials processing. Additionally, PVA TePla engages in service contracts and maintenance agreements, providing ongoing support and technical expertise to its clients. Strategic partnerships with leading technology firms and research institutions also enhance its market reach and technological capabilities, contributing to its revenue generation.

PVA TePla Financial Statement Overview

Summary

Income Statement

Balance Sheet

Cash Flow

TTM	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019
Breakdown
Income Statement		Total Revenue
164.89M	263.45M	205.22M	155.74M	137.04M	130.97M
	Gross Profit
49.83M	77.51M	59.06M	46.76M	43.17M	37.70M
	EBIT
18.21M	34.38M	25.09M	18.33M	18.52M	12.30M
	EBITDA
22.57M	41.73M	28.95M	22.70M	22.32M	15.91M
	Net Income Common Stockholders
11.56M	24.42M	17.66M	12.15M	12.73M	7.63M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
19.64M	20.13M	46.13M	57.73M	29.73M	25.57M
	Total Assets
305.83M	305.36M	290.33M	240.25M	177.25M	180.93M
	Total Debt
16.21M	17.79M	8.91M	2.20M	2.95M	4.54M
	Net Debt
-3.43M	-2.34M	-18.31M	-55.53M	-26.78M	-21.03M
	Total Liabilities
173.48M	177.94M	186.24M	157.46M	107.93M	123.62M
	Stockholders Equity
132.35M	127.42M	104.10M	82.79M	69.31M	57.31M
Cash Flow		Free Cash Flow
36.33M	-9.27M	-20.76M	55.43M	7.26M	-3.24M
	Operating Cash Flow
39.75M	2.00M	-14.07M	58.85M	8.06M	-591.00K
	Investing Cash Flow
-47.34M	-10.84M	-21.28M	-33.98M	640.00K	-12.49M
	Financing Cash Flow
-1.22M	7.30M	-1.30M	-1.51M	-4.31M	-1.42M

PVA TePla Technical Analysis

Technical Analysis Sentiment

Neutral

Last Price17.85

Price Trends

50DMA

15.55

Positive

100DMA

14.62

Positive

200DMA

13.79

Positive

Market Momentum

MACD

0.40

Positive

RSI

52.84

Neutral

STOCH

55.56

Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For DE:TPE, the sentiment is Neutral. The current price of 17.85 is above the 20-day moving average (MA) of 16.74, above the 50-day MA of 15.55, and above the 200-day MA of 13.79, indicating a neutral trend. The MACD of 0.40 indicates Positive momentum. The RSI at 52.84 is Neutral, neither overbought nor oversold. The STOCH value of 55.56 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for DE:TPE.

PVA TePla Peers Comparison

Overall Rating

UnderperformOutperform

Sector (66)

Financial Indicators

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TPE	75 Outperform	€371.27M	14.94	18.64%	―	0.43%	2.78%
Sector *	66 Neutral	$4.48B	12.24	5.32%	248.54%	4.09%	-12.10%
0OC2		€440.07M	―	-7.72%	―	―	―
0ND2		€205.77M	―	-4.83%	―	―	―
0RK5		€217.76M	4.06	1.95%	―	―	―
0MVY		€371.10M	61.46	4.70%	―	―	―
HG1		€445.54M	8.87	38.99%	3.56%	―	―

* Industrials Sector Average

Performance Comparison

DE:TPE

PVA TePla

17.85

-0.92

-4.90%

GB:0OC2

Heidelberger Druckmaschinen

1.44

0.25

21.01%

GB:0ND2

LPKF Laser & Electronics

8.43

0.45

5.64%

GB:0RK5

MAX Automation

5.30

-0.58

-9.86%

GB:0MVY

SFC Energy

22.95

1.10

5.03%

DE:HG1

Homag Group AG

28.40

-7.93

-21.83%

Glossary

OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.

NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.

UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.

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.