PVA TePla (TPE) AI Stock Analysis

• Market Cap: €454.57M
• Dividend Yield: N/A
• Average Volume (3M): 61.50K
• Price to Earnings (P/E): 18.6
• Beta (1Y): 1.55
• Revenue Growth: -6.47%
• EPS Growth: -21.83%
• Country: DE
• Employees: 811
• Sector: Technology
• Sector Strength: 97
• Industry: Industrial - Machinery
• EPS (TTM): 0.13
• Shares Outstanding: 21,749,989
• 10 Day Avg. Volume: 51,315
• 30 Day Avg. Volume: 61,503
• PEG Ratio: N/A
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: €26.88
• Price Target Upside: 21.19% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 4

• Rating: 72 Outperform
• Price Target: €24.50 ▲(10.46% Upside)

PVA TePla's strong financial performance is the primary driver of its stock score, supported by solid revenue growth and profitability. Technical analysis indicates bullish momentum, though caution is advised due to overbought signals. Valuation concerns arise from a high P/E ratio and lack of dividend yield.

Positive Factors

Business Strength

PVA is a much stronger business today given its more established position in metrology and a reorganization including a more proactive sales force.

Market Forecast

SEMI forecasts a +23.2% rise in test equipment sales in 2025, which is favorable for PVA TePla.

Order Intake

Order intake has exceeded expectations, with momentum in metrology set to continue.

Negative Factors

Financial Performance

PVA TePla's Q2 print was rather mixed, missing on sales and EBIT by some 10%/40% respectively, and a weak FCF.

Investment Strategy

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.

Market Uncertainty

Additional macro uncertainty should weigh on a further re-rating for now.

PVA TePla Business Overview & Revenue Model

Company Description

PVA TePla AG is a leading provider of high-tech equipment and systems for the semiconductor, photovoltaic, and industrial sectors. The company specializes in the development and manufacturing of systems for the production of advanced materials and components, including high-performance plasma systems, vacuum systems, and measurement and testing equipment. PVA TePla operates through two main business segments: Semiconductor Systems and Industrial Systems, offering innovative solutions that enhance manufacturing processes and improve product quality for its clients.

How the Company Makes Money

PVA TePla generates revenue primarily through the sale of its specialized equipment and systems, which are tailored for the semiconductor and industrial sectors. Key revenue streams include the sale of high-tech plasma systems, vacuum systems, and related services such as installation, maintenance, and customer support. The company also benefits from long-term partnerships with major players in the semiconductor industry, which provides a steady stream of orders and enhances its market presence. Additionally, PVA TePla engages in research and development projects, often in collaboration with industry leaders, which can lead to new product offerings and revenue opportunities. The continuous demand for advanced manufacturing solutions, driven by the growth in technology sectors, further contributes to the company's earnings.

PVA TePla Financial Statement Overview

Summary

PVA TePla demonstrates strong financial performance with consistent revenue growth, robust profitability, and a solid balance sheet. However, the need for careful cost management and monitoring of liabilities is noted.

Income Statement

PVA TePla has demonstrated consistent revenue growth over the years, with a significant increase from 2020 to 2024. The gross profit and net profit margins are healthy, supported by robust EBIT and EBITDA margins. The company's ability to maintain profitability while expanding its revenue base is commendable, although marginal declines in certain years suggest a need for careful cost management.

Balance Sheet

The company's balance sheet is solid, with a favorable debt-to-equity ratio and increasing stockholders' equity over time. The equity ratio indicates a strong capital foundation, although the slight increase in total liabilities warrants monitoring. Overall, the balance sheet reflects financial stability with a cautious approach to leveraging.

Cash Flow

PVA TePla has shown improvement in free cash flow, recovering from negative figures in 2022 to positive in 2024. The operating cash flow to net income ratio suggests efficient cash generation from operations, though historical fluctuations in cash flow highlight potential volatility in cash management.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	267.52M	270.12M	263.45M	205.22M	155.74M	137.04M
Gross Profit	88.85M	88.04M	77.51M	59.06M	46.76M	43.17M
EBITDA	46.05M	48.62M	41.73M	28.95M	22.70M	22.32M
Net Income	25.91M	27.07M	24.42M	17.66M	12.15M	12.73M
Balance Sheet
Total Assets	303.64M	299.46M	305.36M	290.33M	240.25M	177.25M
Cash, Cash Equivalents and Short-Term Investments	18.42M	31.37M	20.13M	46.13M	57.73M	29.73M
Total Debt	23.97M	24.58M	17.79M	8.91M	2.20M	2.95M
Total Liabilities	158.09M	149.20M	177.94M	186.24M	157.46M	107.93M
Stockholders Equity	145.55M	150.25M	127.42M	104.10M	82.79M	69.31M
Cash Flow
Free Cash Flow	22.54M	19.84M	-9.27M	-20.76M	55.43M	7.26M
Operating Cash Flow	46.69M	43.99M	2.00M	-14.07M	58.85M	8.06M
Investing Cash Flow	-31.47M	-24.03M	-10.84M	-21.28M	-33.98M	640.00K
Financing Cash Flow	-11.56M	-6.00M	7.30M	-1.30M	-1.51M	-4.31M

PVA TePla Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 22.18
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For DE:TPE, the sentiment is Positive. The current price of 22.18 is above the 20-day moving average (MA) of 21.37, above the 50-day MA of 20.32, and above the 200-day MA of 15.65, indicating a bullish trend. The MACD of 0.19 indicates Positive momentum. The RSI at 61.16 is Neutral, neither overbought nor oversold. The STOCH value of 64.98 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for DE:TPE.

PVA TePla Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TPE	72 Outperform	€454.57M	18.57	18.64%	―	-6.47%	-21.83%
MXHN	72 Outperform	€240.86M	4.42	2.17%	―	-9.78%	―
HDD	63 Neutral	€668.02M	18.31	7.19%	―	3.97%	―
F3C	62 Neutral	€273.59M	42.21	4.70%	―	9.62%	-73.29%
Sector *	60 Neutral	€6.51B	17.80	3.81%	2.08%	2.81%	-29.08%
LPK	48 Neutral	€196.22M	―	-0.56%	―	-3.59%	-122.47%