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Polytec Holding

DB:P4N
Snowflake Description

Very undervalued with adequate balance sheet and pays a dividend.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
P4N
DB
€102M
Market Cap
  1. Home
  2. DE
  3. Automobiles
Company description

Polytec Holding AG, together with its subsidiaries, develops and manufactures plastic solutions for the passenger cars and light commercial vehicles, commercial vehicles, and industrial applications. The last earnings update was 11 days ago. More info.


Add to Portfolio Compare Print
  • Polytec Holding has significant price volatility in the past 3 months.
P4N Share Price and Events
7 Day Returns
1%
DB:P4N
-3.6%
DE Auto Components
-0.6%
DE Market
1 Year Returns
-55.3%
DB:P4N
-52.5%
DE Auto Components
-20.9%
DE Market
P4N Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Polytec Holding (P4N) 1% -31.3% -50.2% -55.3% -69.6% -46.6%
DE Auto Components -3.6% -26.6% -44.8% -52.5% -66.5% -71.2%
DE Market -0.6% -16.6% -26% -20.9% -25.8% -31.8%
1 Year Return vs Industry and Market
  • P4N underperformed the Auto Components industry which returned -52.5% over the past year.
  • P4N underperformed the Market in Germany which returned -20.9% over the past year.
Price Volatility
P4N
Industry
5yr Volatility vs Market
Related Companies

Value

 Is Polytec Holding undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Polytec Holding to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Polytec Holding.

DB:P4N Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 3 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 11.5%
Perpetual Growth Rate 10-Year DE Government Bond Rate -0.4%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:P4N
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 5.9%
Auto Components Unlevered Beta Simply Wall St/ S&P Global 1.08
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.077 (1 + (1- 25%) (206.44%))
2.169
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
2
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (2 * 5.94%)
11.49%

Discounted Cash Flow Calculation for DB:P4N using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Polytec Holding is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

DB:P4N DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 11.49%)
2020 28.00 Analyst x1 25.11
2021 16.00 Analyst x1 12.87
2022 28.00 Analyst x1 20.20
2023 37.81 Est @ 35.03% 24.47
2024 47.04 Est @ 24.4% 27.31
2025 55.02 Est @ 16.97% 28.65
2026 61.49 Est @ 11.76% 28.72
2027 66.48 Est @ 8.11% 27.85
2028 70.17 Est @ 5.56% 26.37
2029 72.82 Est @ 3.78% 24.54
Present value of next 10 years cash flows €246.00
DB:P4N DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= €72.82 × (1 + -0.39%) ÷ (11.49% – -0.39%)
€610.61
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €610.61 ÷ (1 + 11.49%)10
€205.78
DB:P4N Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €246.00 + €205.78
€451.78
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €451.78 / 22.00
€20.54
DB:P4N Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:P4N represents 0.90987x of WBAG:PYT
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.90987x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (EUR) x Listing Adjustment Factor
= € 20.54 x 0.90987
€18.69
Value per share (EUR) From above. €18.69
Current discount Discount to share price of €4.24
= -1 x (€4.24 - €18.69) / €18.69
77.3%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Polytec Holding is available for.
Intrinsic value
>50%
Share price is €4.24 vs Future cash flow value of €18.69
Current Discount Checks
For Polytec Holding to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Polytec Holding's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Polytec Holding's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Polytec Holding's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Polytec Holding's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:P4N PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in EUR €1.02
WBAG:PYT Share Price ** WBAG (2020-04-06) in EUR €4.66
Germany Auto Components Industry PE Ratio Median Figure of 9 Publicly-Listed Auto Components Companies 11.43x
Germany Market PE Ratio Median Figure of 401 Publicly-Listed Companies 16.45x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Polytec Holding.

DB:P4N PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= WBAG:PYT Share Price ÷ EPS (both in EUR)

= 4.66 ÷ 1.02

4.58x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Polytec Holding is good value based on earnings compared to the DE Auto Components industry average.
  • Polytec Holding is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Polytec Holding's expected growth come at a high price?
Raw Data
DB:P4N PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 4.58x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts
13.3%per year
Germany Auto Components Industry PEG Ratio Median Figure of 7 Publicly-Listed Auto Components Companies 0.49x
Germany Market PEG Ratio Median Figure of 256 Publicly-Listed Companies 1.16x

*Line of best fit is calculated by linear regression .

DB:P4N PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 4.58x ÷ 13.3%

0.34x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Polytec Holding is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Polytec Holding's assets?
Raw Data
DB:P4N PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in EUR €11.12
WBAG:PYT Share Price * WBAG (2020-04-06) in EUR €4.66
Germany Auto Components Industry PB Ratio Median Figure of 13 Publicly-Listed Auto Components Companies 0.69x
Germany Market PB Ratio Median Figure of 572 Publicly-Listed Companies 1.44x
DB:P4N PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= WBAG:PYT Share Price ÷ Book Value per Share (both in EUR)

= 4.66 ÷ 11.12

0.42x

* Primary Listing of Polytec Holding.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Polytec Holding is good value based on assets compared to the DE Auto Components industry average.
X
Value checks
We assess Polytec Holding's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Auto Components industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Auto Components industry average (and greater than 0)? (1 check)
  5. Polytec Holding has a total score of 6/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Polytec Holding expected to perform in the next 1 to 3 years based on estimates from 3 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
13.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Polytec Holding expected to grow at an attractive rate?
  • Polytec Holding's earnings growth is expected to exceed the low risk savings rate of -0.4%.
Growth vs Market Checks
  • Polytec Holding's earnings growth is positive but not above the Germany market average.
  • Polytec Holding's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:P4N Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:P4N Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts 13.3%
DB:P4N Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 3 Analysts 4.1%
Germany Auto Components Industry Earnings Growth Rate Market Cap Weighted Average 48.7%
Germany Auto Components Industry Revenue Growth Rate Market Cap Weighted Average 2.4%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14.1%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:P4N Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:P4N Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2024-12-31 732 2
2023-12-31 711 2
2022-12-31 681 64 27 3
2021-12-31 640 60 21 3
2020-12-31 559 48 1 2
2020-04-07
DB:P4N Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2019-12-31 628 24 22
2019-09-30 628 24 21
2019-06-30 629 24 23
2019-03-31 631 22 25
2018-12-31 639 31 29
2018-09-30 651 34 30
2018-06-30 660 44 32
2018-03-31 669 39 37
2017-12-31 678 38 38
2017-09-30 678 53 45
2017-06-30 674 63 46
2017-03-31 673 69 42

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Polytec Holding's earnings are expected to grow by 13.3% yearly, however this is not considered high growth (20% yearly).
  • Polytec Holding's revenue is expected to grow by 4.1% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:P4N Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below

All data from Polytec Holding Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:P4N Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2024-12-31
2023-12-31
2022-12-31 1.22 1.30 1.14 2.00
2021-12-31 0.92 1.21 0.68 3.00
2020-12-31 0.05 0.08 0.01 2.00
2020-04-07
DB:P4N Past Financials Data
Date (Data in EUR Millions) EPS *
2019-12-31 1.02
2019-09-30 0.96
2019-06-30 1.04
2019-03-31 1.12
2018-12-31 1.32
2018-09-30 1.34
2018-06-30 1.47
2018-03-31 1.69
2017-12-31 1.74
2017-09-30 2.03
2017-06-30 2.09
2017-03-31 1.91

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Polytec Holding is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Polytec Holding's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Germany market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Polytec Holding has a total score of 2/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Polytec Holding performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Polytec Holding's growth in the last year to its industry (Auto Components).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Polytec Holding's year on year earnings growth rate has been positive over the past 5 years, however the most recent earnings are below average.
  • Polytec Holding's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Polytec Holding's 1-year earnings growth is negative, it can't be compared to the DE Auto Components industry average.
Earnings and Revenue History
Polytec Holding's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Polytec Holding Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:P4N Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 627.97 22.39 222.15
2019-09-30 628.26 21.17 226.42
2019-06-30 629.42 23.02 224.35
2019-03-31 630.58 24.58 225.22
2018-12-31 639.38 29.12 226.88
2018-09-30 650.89 29.50 228.74
2018-06-30 659.78 32.26 227.15
2018-03-31 669.22 37.25 225.88
2017-12-31 677.72 38.24 224.27
2017-09-30 678.04 44.69 221.76
2017-06-30 674.29 45.91 220.07
2017-03-31 673.32 41.98 222.16
2016-12-31 652.59 36.30 220.86
2016-09-30 644.75 28.08 233.27
2016-06-30 643.03 24.57 229.74
2016-03-31 629.61 23.72 223.00
2015-12-31 628.10 23.72 219.48
2015-09-30 600.89 21.63 200.89
2015-06-30 565.00 18.77 192.28
2015-03-31 530.47 16.29 181.19
2014-12-31 492.62 13.56 169.52
2014-09-30 486.62 14.33 168.75
2014-06-30 484.74 13.58 166.93
2014-03-31 486.02 14.34 166.35
2013-12-31 479.16 14.32 164.55
2013-09-30 470.61 14.47 160.75
2013-06-30 473.78 17.11 160.59

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Polytec Holding has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Polytec Holding used its assets more efficiently than the DE Auto Components industry average last year based on Return on Assets.
  • Polytec Holding's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Polytec Holding's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Auto Components industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Polytec Holding has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Polytec Holding's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Polytec Holding's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Polytec Holding is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Polytec Holding's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Polytec Holding's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 1.5x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Polytec Holding Company Filings, last reported 3 months ago.

DB:P4N Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 252.59 198.70 55.61
2019-09-30 243.65 206.08 42.77
2019-06-30 239.50 214.85 78.56
2019-03-31 246.08 218.13 88.13
2018-12-31 238.01 175.19 73.57
2018-09-30 229.90 133.26 28.58
2018-06-30 224.87 136.08 41.93
2018-03-31 229.93 138.70 51.93
2017-12-31 217.49 138.19 56.90
2017-09-30 210.00 143.34 55.36
2017-06-30 202.53 157.40 71.15
2017-03-31 201.36 158.31 83.51
2016-12-31 189.92 150.38 79.54
2016-09-30 175.81 152.70 55.22
2016-06-30 167.76 156.78 50.65
2016-03-31 167.46 166.96 50.86
2015-12-31 162.92 160.92 57.68
2015-09-30 155.91 166.74 44.89
2015-06-30 150.76 171.21 47.68
2015-03-31 150.39 172.40 52.96
2014-12-31 144.29 129.79 111.95
2014-09-30 141.83 151.92 143.43
2014-06-30 138.27 37.75 29.82
2014-03-31 140.35 40.66 32.32
2013-12-31 137.15 26.72 34.17
2013-09-30 133.29 35.36 23.55
2013-06-30 131.10 32.60 20.85
  • Polytec Holding's level of debt (78.7%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (90.2% vs 78.7% today).
  • Debt is not well covered by operating cash flow (12.3%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 6.7x coverage).
X
Financial health checks
We assess Polytec Holding's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Polytec Holding has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Polytec Holding's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
5.36%
Current annual income from Polytec Holding dividends. Estimated to be 4.9% next year.
If you bought €2,000 of Polytec Holding shares you are expected to receive €107 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Polytec Holding's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.69%).
  • Polytec Holding's dividend is above the markets top 25% of dividend payers in Germany (4.85%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:P4N Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
Germany Auto Components Industry Average Dividend Yield Market Cap Weighted Average of 9 Stocks 6.1%
Germany Market Average Dividend Yield Market Cap Weighted Average of 315 Stocks 3.9%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.9%
Germany Bottom 25% Dividend Yield 25th Percentile 1.7%
Germany Top 25% Dividend Yield 75th Percentile 4.9%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:P4N Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2024-12-31
2023-12-31
2022-12-31 0.33 2.00
2021-12-31 0.28 3.00
2020-12-31 0.05 2.00
2020-04-07
DB:P4N Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2020-03-27 0.250 5.805
2019-03-29 0.400 4.926
2018-04-17 0.450 4.279
2017-04-06 0.400 2.281
2016-04-05 0.300 3.378
2015-04-02 0.250 3.330
2015-03-26 0.250 3.103
2014-04-02 0.250 3.552
2013-04-04 0.350 5.235
2012-03-30 0.350 5.770
2009-10-30 0.000 0.000
2009-07-30 0.000 0.000
2009-04-30 0.000 0.000

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Polytec Holding has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • Polytec Holding has only been paying a dividend for 8 years, and since then dividends per share have fallen.
Current Payout to shareholders
What portion of Polytec Holding's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (4.1x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (3.8x coverage).
X
Income/ dividend checks
We assess Polytec Holding's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.9%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Polytec Holding afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Polytec Holding has a total score of 4/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Polytec Holding's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Markus Huemer
COMPENSATION €440,000
AGE 38
TENURE AS CEO 1.3 years
CEO Bio

Mr. Markus Huemer has been Chief Executive Officer of Polytec Holding AG since January 1, 2019 and also serves as Chairman of the Board since January 01, 2019. Mr. Huemer served as Chief Operating Officer and Vice President of Business Development at Polytec Holding AG until January 1, 2019. Mr. Huemer served as Deputy Chairman of Polytec Holding AG from January 1, 2014 to December 31, 2018. He serves as a Member of the Supervisory Board at Globe Air AG.

CEO Compensation
  • Markus's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Markus's remuneration is about average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Polytec Holding management team in years:

1.3
Average Tenure
52.5
Average Age
  • The average tenure for the Polytec Holding management team is less than 2 years, this suggests a new team.
Management Team

Markus Huemer

TITLE
Chairman of the Board & CEO
COMPENSATION
€440K
AGE
38
TENURE
1.3 yrs

Peter Haidenek

TITLE
CFO & Director
COMPENSATION
€277K
AGE
54
TENURE
9.2 yrs

Peter Bernscher

TITLE
Chief Sales Officer & Director
COMPENSATION
€371K
AGE
51
TENURE
1.7 yrs

Friedrich Huemer

TITLE
COMPENSATION
€1M
AGE
62
TENURE
1.3 yrs

Heiko Gabbert

TITLE
COO & Director
AGE
51
TENURE
1.3 yrs

Paul Rettenbacher

TITLE
Head of Investor Relations

Gabriele Worf

TITLE
Director of Corporate Communications

Ulrike Huemer

TITLE
Head of Industrial Division
AGE
60

Michael Pausch

TITLE
Head of Product Development Composites
Board of Directors Tenure

Average tenure and age of the Polytec Holding board of directors in years:

12.8
Average Tenure
67
Average Age
  • The average tenure for the Polytec Holding board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Fred Duswald

TITLE
Independent Chairman of the Supervisory Board
AGE
52
TENURE
12.8 yrs

Manfred Trauth

TITLE
Independent Deputy Chairman of the Supervisory Board
AGE
71
TENURE
12.8 yrs

Viktoria Kickinger

TITLE
Independent Member of Supervisory Board
AGE
67
TENURE
14 yrs

Reinhard Schwendtbauer

TITLE
Independent Member of Supervisory Board
AGE
47
TENURE
10.2 yrs

Robert Büchelhofer

TITLE
Independent Member of Supervisory Board
AGE
77
TENURE
15.3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess Polytec Holding's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Polytec Holding has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

Polytec Holding AG, together with its subsidiaries, develops and manufactures plastic solutions for the passenger cars and light commercial vehicles, commercial vehicles, and industrial applications. The company offers power train solutions, such as cylinder head covers, oil separators and pans, air intakes, crankcase ventilation systems, covers, and products for use in fuel cells; exterior, aerodynamic, and structural components for trucks and agricultural vehicles, and machineries; and polyurethane components and coatings for various of industrial applications, as well as develops and produces complex machineries and plants for the dosing and processing of liquid reactive plastics. It also provides full body kits, and spoilers and wings; soft engine covers; transport boxes and drying units for washer-dryers; battery boxes for hybrid vehicles, trunk lids for integrated mobility solutions, and structural components; and underbody and structural solutions. The company operates in Austria, Germany, the United Kingdom, Sweden, Hungary, and Other European Union countries, as well as internationally. Polytec Holding AG was founded in 1986 and is headquartered in Hörsching, Austria.

Details
Name: Polytec Holding AG
P4N
Exchange: DB
Founded: 1986
€102,499,235
21,995,544
Website: http://www.polytec-group.com
Address: Polytec Holding AG
Polytec-Strasse 1,
Hörsching,
Upper Austria, 4063,
Austria
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
WBAG PYT Ordinary Shares Wiener Boerse AG AT EUR 28. Apr 2006
DB P4N Ordinary Shares Deutsche Boerse AG DE EUR 28. Apr 2006
LSE 0GOX Ordinary Shares London Stock Exchange GB EUR 28. Apr 2006
BRSE P4N Ordinary Shares Berne Stock Exchange CH CHF 28. Apr 2006
BATS-CHIXE PYTV Ordinary Shares BATS 'Chi-X Europe' GB EUR 28. Apr 2006
Number of employees
Current staff
Staff numbers
4,406
Polytec Holding employees.
Industry
Auto Parts and Equipment
Automobiles
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/07 00:40
End of day share price update: 2020/04/06 00:00
Last estimates confirmation: 2020/04/03
Last earnings filing: 2020/03/27
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.