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LPKF Laser & Electronics

BATS-CHIXE:LPKD
Snowflake Description

Flawless balance sheet with solid track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
LPKD
BATS-CHIXE
€437M
Market Cap
  1. Home
  2. GB
  3. Tech
Company description

LPKF Laser & Electronics AG, together with its subsidiaries, designs and manufactures laser systems in Germany, Rest of Europe, North America, Asia, and internationally. The last earnings update was 15 days ago. More info.


Add to Portfolio Compare Print
  • LPKF Laser & Electronics has significant price volatility in the past 3 months.
LPKD Share Price and Events
7 Day Returns
14%
BATS-CHIXE:LPKD
0%
GB Electronic
1.7%
GB Market
1 Year Returns
111.1%
BATS-CHIXE:LPKD
-5.1%
GB Electronic
-21.8%
GB Market
LPKD Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
LPKF Laser & Electronics (LPKD) 14% -13.5% 4.4% 111.1% 96.1% 61.3%
GB Electronic 0% -5.2% -14.2% -5.1% 23.9% 64.7%
GB Market 1.7% -12% -25.3% -21.8% -22.8% -22.4%
1 Year Return vs Industry and Market
  • LPKD outperformed the Electronic industry which returned -5.1% over the past year.
  • LPKD outperformed the Market in United Kingdom of Great Britain and Northern Ireland which returned -21.8% over the past year.
Price Volatility
LPKD
Industry
5yr Volatility vs Market

Value

 Is LPKF Laser & Electronics 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 LPKF Laser & Electronics 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 LPKF Laser & Electronics.

BATS-CHIXE:LPKD Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 6 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 6.4%
Perpetual Growth Rate 10-Year GB Government Bond Rate 0.5%

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 BATS-CHIXE:LPKD
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year GB Govt Bond Rate 0.5%
Equity Risk Premium S&P Global 5.4%
Electronic Unlevered Beta Simply Wall St/ S&P Global 1.1
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.1 (1 + (1- 30%) (2.03%))
1.077
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.08
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.53% + (1.077 * 5.44%)
6.39%

Discounted Cash Flow Calculation for BATS-CHIXE:LPKD using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for LPKF Laser & Electronics 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.

BATS-CHIXE:LPKD DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 6.39%)
2020 4.95 Analyst x2 4.65
2021 26.47 Analyst x3 23.38
2022 31.97 Analyst x3 26.55
2023 50.40 Analyst x1 39.34
2024 60.00 Analyst x1 44.02
2025 66.80 Est @ 11.34% 46.07
2026 72.21 Est @ 8.09% 46.80
2027 76.41 Est @ 5.82% 46.56
2028 79.65 Est @ 4.24% 45.61
2029 82.14 Est @ 3.12% 44.21
Present value of next 10 years cash flows €367.00
BATS-CHIXE:LPKD DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= €82.14 × (1 + 0.53%) ÷ (6.39% – 0.53%)
€1,409.17
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €1,409.17 ÷ (1 + 6.39%)10
€758.51
BATS-CHIXE:LPKD Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €367.00 + €758.51
€1,125.51
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €1,125.51 / 24.49
€45.97
BATS-CHIXE:LPKD Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in BATS-CHIXE:LPKD represents 0.97191x of XTRA:LPK
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.97191x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (EUR) x Listing Adjustment Factor
= € 45.97 x 0.97191
€44.67
Value per share (EUR) From above. €44.67
Current discount Discount to share price of €17.65
= -1 x (€17.65 - €44.67) / €44.67
60.5%

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

Current Discount
Amount off the current price LPKF Laser & Electronics is available for.
Intrinsic value
>50%
Share price is €17.65 vs Future cash flow value of €44.67
Current Discount Checks
For LPKF Laser & Electronics to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • LPKF Laser & Electronics's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • LPKF Laser & Electronics'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 LPKF Laser & Electronics's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are LPKF Laser & Electronics's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BATS-CHIXE:LPKD PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in EUR €0.54
XTRA:LPK Share Price ** XTRA (2020-04-07) in EUR €18.16
United Kingdom of Great Britain and Northern Ireland Electronic Industry PE Ratio Median Figure of 22 Publicly-Listed Electronic Companies 17.39x
United Kingdom of Great Britain and Northern Ireland Market PE Ratio Median Figure of 748 Publicly-Listed Companies 13x

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

** Primary Listing of LPKF Laser & Electronics.

BATS-CHIXE:LPKD PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= XTRA:LPK Share Price ÷ EPS (both in EUR)

= 18.16 ÷ 0.54

33.83x

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

  • LPKF Laser & Electronics is overvalued based on earnings compared to the GB Electronic industry average.
  • LPKF Laser & Electronics is overvalued based on earnings compared to the United Kingdom of Great Britain and Northern Ireland market.
Price based on expected Growth
Does LPKF Laser & Electronics's expected growth come at a high price?
Raw Data
BATS-CHIXE:LPKD PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 33.83x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts
31.5%per year
United Kingdom of Great Britain and Northern Ireland Electronic Industry PEG Ratio Median Figure of 11 Publicly-Listed Electronic Companies 1.08x
United Kingdom of Great Britain and Northern Ireland Market PEG Ratio Median Figure of 518 Publicly-Listed Companies 1.02x

*Line of best fit is calculated by linear regression .

BATS-CHIXE:LPKD PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 33.83x ÷ 31.5%

1.07x

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

  • LPKF Laser & Electronics is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on LPKF Laser & Electronics's assets?
Raw Data
BATS-CHIXE:LPKD PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in EUR €3.71
XTRA:LPK Share Price * XTRA (2020-04-07) in EUR €18.16
United Kingdom of Great Britain and Northern Ireland Electronic Industry PB Ratio Median Figure of 33 Publicly-Listed Electronic Companies 1.89x
United Kingdom of Great Britain and Northern Ireland Market PB Ratio Median Figure of 1,323 Publicly-Listed Companies 1.13x
BATS-CHIXE:LPKD PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= XTRA:LPK Share Price ÷ Book Value per Share (both in EUR)

= 18.16 ÷ 3.71

4.9x

* Primary Listing of LPKF Laser & Electronics.

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

  • LPKF Laser & Electronics is overvalued based on assets compared to the GB Electronic industry average.
X
Value checks
We assess LPKF Laser & Electronics'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 Electronic 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 Electronic industry average (and greater than 0)? (1 check)
  5. LPKF Laser & Electronics has a total score of 2/6, 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 LPKF Laser & Electronics expected to perform in the next 1 to 3 years based on estimates from 6 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
31.5%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is LPKF Laser & Electronics expected to grow at an attractive rate?
  • LPKF Laser & Electronics's earnings growth is expected to exceed the low risk savings rate of 0.5%.
Growth vs Market Checks
  • LPKF Laser & Electronics's earnings growth is expected to exceed the United Kingdom of Great Britain and Northern Ireland market average.
  • LPKF Laser & Electronics's revenue growth is expected to exceed the United Kingdom of Great Britain and Northern Ireland market average.
Annual Growth Rates Comparison
Raw Data
BATS-CHIXE:LPKD Future Growth Rates Data Sources
Data Point Source Value (per year)
BATS-CHIXE:LPKD Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts 31.5%
BATS-CHIXE:LPKD Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 6 Analysts 17.8%
United Kingdom of Great Britain and Northern Ireland Electronic Industry Earnings Growth Rate Market Cap Weighted Average 9.4%
United Kingdom of Great Britain and Northern Ireland Electronic Industry Revenue Growth Rate Market Cap Weighted Average 4.1%
United Kingdom of Great Britain and Northern Ireland Market Earnings Growth Rate Market Cap Weighted Average 15.6%
United Kingdom of Great Britain and Northern Ireland Market Revenue Growth Rate Market Cap Weighted Average 2.5%

*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
BATS-CHIXE:LPKD Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
BATS-CHIXE:LPKD Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2024-12-31 357 2
2023-12-31 279 2
2022-12-31 218 37 31 4
2021-12-31 176 35 24 6
2020-12-31 135 16 10 2
2020-04-08
BATS-CHIXE:LPKD Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2019-12-31 145 48 13
2019-09-30 144 33 15
2019-06-30 139 34 14
2019-03-31 141 27 15
2018-12-31 125 12 8
2018-09-30 123 16 5
2018-06-30 120 2 5
2018-03-31 101 4 -1
2017-12-31 106 10 1
2017-09-30 106 14 -2
2017-06-30 100 15 -8
2017-03-31 106 12 -5

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • LPKF Laser & Electronics's earnings are expected to grow significantly at over 20% yearly.
  • LPKF Laser & Electronics's revenue is expected to grow by 17.8% 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
BATS-CHIXE:LPKD 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 6 Analyst Estimates (S&P Global) See Below

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

BATS-CHIXE:LPKD 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 0.99 1.57 0.41 3.00
2021-12-31 0.87 1.32 0.32 6.00
2020-12-31 0.43 0.53 0.33 2.00
2020-04-08
BATS-CHIXE:LPKD Past Financials Data
Date (Data in EUR Millions) EPS *
2019-12-31 0.54
2019-09-30 0.59
2019-06-30 0.53
2019-03-31 0.58
2018-12-31 0.35
2018-09-30 0.24
2018-06-30 0.23
2018-03-31 -0.05
2017-12-31 0.05
2017-09-30 -0.07
2017-06-30 -0.37
2017-03-31 -0.25

*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.
  • LPKF Laser & Electronics is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).
X
Future performance checks
We assess LPKF Laser & Electronics'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 United Kingdom of Great Britain and Northern Ireland market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United Kingdom of Great Britain and Northern Ireland 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.
LPKF Laser & Electronics has a total score of 5/6, 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 LPKF Laser & Electronics 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 LPKF Laser & Electronics's growth in the last year to its industry (Electronic).
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.
  • LPKF Laser & Electronics has delivered over 20% year on year earnings growth in the past 5 years.
  • LPKF Laser & Electronics's 1-year earnings growth exceeds its 5-year average (63.5% vs 37.6%)
  • LPKF Laser & Electronics's earnings growth has exceeded the GB Electronic industry average in the past year (63.5% vs 6.9%).
Earnings and Revenue History
LPKF Laser & Electronics'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 LPKF Laser & Electronics Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BATS-CHIXE:LPKD Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 144.87 13.15 44.81
2019-09-30 144.14 15.14 44.20
2019-06-30 138.94 13.66 42.91
2019-03-31 141.45 14.64 42.99
2018-12-31 124.86 8.04 42.01
2018-09-30 123.22 5.42 42.51
2018-06-30 120.21 5.14 42.12
2018-03-31 101.33 -1.03 41.90
2017-12-31 106.27 1.15 41.65
2017-09-30 105.76 -1.66 41.64
2017-06-30 100.48 -8.21 41.89
2017-03-31 105.65 -5.49 41.80
2016-12-31 96.67 -8.82 42.71
2016-09-30 92.89 -6.52 43.83
2016-06-30 91.45 -3.59 44.21
2016-03-31 88.14 -6.92 44.41
2015-12-31 94.48 -3.48 44.39
2015-09-30 108.90 -0.70 45.08
2015-06-30 123.21 4.75 45.68
2015-03-31 125.59 7.92 45.02
2014-12-31 125.52 8.52 44.03
2014-09-30 115.25 6.97 42.32
2014-06-30 110.67 6.07 40.98
2014-03-31 123.08 11.57 41.39
2013-12-31 134.14 15.07 40.94
2013-09-30 135.98 17.13 39.74
2013-06-30 138.27 18.71 39.06

*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.
  • LPKF Laser & Electronics has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • LPKF Laser & Electronics used its assets more efficiently than the GB Electronic industry average last year based on Return on Assets.
  • LPKF Laser & Electronics has become profitable over the past 3 years. This is considered to be a significant improvement in its use of capital (Return on Capital Employed).
X
Past performance checks
We assess LPKF Laser & Electronics'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 Electronic 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.
LPKF Laser & Electronics has a total score of 5/6, 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 LPKF Laser & Electronics'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 LPKF Laser & Electronics's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • LPKF Laser & Electronics is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • LPKF Laser & Electronics's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of LPKF Laser & Electronics'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 9.4x 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 LPKF Laser & Electronics Company Filings, last reported 3 months ago.

BATS-CHIXE:LPKD Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 90.84 6.81 31.92
2019-09-30 89.30 8.09 20.51
2019-06-30 85.19 8.74 9.82
2019-03-31 82.76 19.40 14.43
2018-12-31 77.73 20.05 3.71
2018-09-30 73.20 21.71 7.60
2018-06-30 55.77 46.13 3.40
2018-03-31 51.80 44.34 2.44
2017-12-31 54.23 41.00 3.35
2017-09-30 52.71 43.12 4.24
2017-06-30 50.99 41.56 4.87
2017-03-31 54.59 43.39 4.30
2016-12-31 54.33 43.48 3.58
2016-09-30 55.02 52.07 6.06
2016-06-30 59.76 48.66 3.00
2016-03-31 59.20 47.91 3.89
2015-12-31 63.50 41.11 3.80
2015-09-30 62.38 38.73 4.46
2015-06-30 64.27 40.84 4.78
2015-03-31 70.49 40.69 5.67
2014-12-31 68.56 36.23 6.02
2014-09-30 64.32 37.24 8.83
2014-06-30 59.31 33.93 4.47
2014-03-31 64.44 25.84 6.48
2013-12-31 64.07 23.82 12.57
2013-09-30 66.42 21.16 11.19
2013-06-30 63.74 19.90 8.82
  • LPKF Laser & Electronics's level of debt (7.5%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (52.9% vs 7.5% today).
  • Debt is well covered by operating cash flow (705.2%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 43.1x coverage).
X
Financial health checks
We assess LPKF Laser & Electronics'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. LPKF Laser & Electronics has a total score of 6/6, 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 LPKF Laser & Electronics'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
0.55%
Current annual income from LPKF Laser & Electronics dividends. Estimated to be 1.13% next year.
If you bought €2,000 of LPKF Laser & Electronics shares you are expected to receive €11 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?
  • LPKF Laser & Electronics's pays a lower dividend yield than the bottom 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (2.51%).
  • LPKF Laser & Electronics's dividend is below the markets top 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (6.87%).
Upcoming dividend payment

Purchase LPKF Laser & Electronics before the 'Ex-dividend' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
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
BATS-CHIXE:LPKD 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 6 Analyst Estimates (S&P Global) See Below
United Kingdom of Great Britain and Northern Ireland Electronic Industry Average Dividend Yield Market Cap Weighted Average of 16 Stocks 1.8%
United Kingdom of Great Britain and Northern Ireland Market Average Dividend Yield Market Cap Weighted Average of 588 Stocks 5.5%
United Kingdom of Great Britain and Northern Ireland Minimum Threshold Dividend Yield 10th Percentile 1.3%
United Kingdom of Great Britain and Northern Ireland Bottom 25% Dividend Yield 25th Percentile 2.5%
United Kingdom of Great Britain and Northern Ireland Top 25% Dividend Yield 75th Percentile 6.9%

Industry and Market average data is calculated daily.

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

BATS-CHIXE:LPKD Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2024-12-31
2023-12-31
2022-12-31 0.23 2.00
2021-12-31 0.25 4.00
2020-12-31 0.13 3.00
2020-04-08
BATS-CHIXE:LPKD Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2020-03-24 0.100 0.625
2016-11-14 0.000 0.000
2016-08-15 0.000 0.000
2016-05-12 0.000 0.000
2016-03-23 0.000 0.000
2015-03-23 0.120 1.491
2014-03-25 0.250 1.963
2014-03-24 0.250 1.527
2013-03-25 0.250 1.796
2013-01-15 0.250 2.863
2012-04-10 0.200 2.891
2012-03-27 0.200 3.399
2011-03-25 0.200 3.769
2010-03-01 0.100 2.053
2009-10-30 0.000 0.000
2009-10-15 0.000 0.000
2009-07-30 0.000 0.000
2009-04-30 0.000 0.000
2009-04-15 0.000 0.000

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

  • LPKF Laser & Electronics is not paying a notable dividend for United Kingdom of Great Britain and Northern Ireland, therefore no need to check if the payments are stable.
  • LPKF Laser & Electronics is not paying a notable dividend for United Kingdom of Great Britain and Northern Ireland, therefore no need to check if the payments are increasing.
Current Payout to shareholders
What portion of LPKF Laser & Electronics's earnings are paid to the shareholders as a dividend.
  • No need to calculate the sustainability of LPKF Laser & Electronics's dividends as it is not paying a notable one for United Kingdom of Great Britain and Northern Ireland.
Future Payout to shareholders
  • No need to calculate the sustainability of LPKF Laser & Electronics's dividends in 3 years as they are not expected to pay a notable one for United Kingdom of Great Britain and Northern Ireland.
X
Income/ dividend checks
We assess LPKF Laser & Electronics's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.3%) - 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 LPKF Laser & Electronics afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. LPKF Laser & Electronics has a total score of 0/6, 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 LPKF Laser & Electronics'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
Götz Bendele
COMPENSATION €548,000
AGE 49
TENURE AS CEO 1.9 years
CEO Bio

Dr. Götz M. Bendele is the Chief Executive Officer at LPKF Laser & Electronics Aktiengesellschaft since May 1, 2018 and has been its Board Member since May 2018. Dr. Bendele has extensive sales and management experience as well as wide knowledge of technology, product innovation, and product development. Most recently, Dr. Bendele was a Partner at Infosys Limited in Seattle where he was responsible for their consulting business for technology companies on the U.S. West Coast. Before that, he served as Managing Director of chip manufacturer TSMC's solar business in Europe. In addition, he has almost 10 years of experience as a management consultant for high tech companies in Europe, the U.S. and Asia with McKinsey & Company. He has a Ph.D. in Physics.

CEO Compensation
  • Götz's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Götz's remuneration is lower than average for companies of similar size in United Kingdom of Great Britain and Northern Ireland.
Management Team Tenure

Average tenure and age of the LPKF Laser & Electronics management team in years:

1.6
Average Tenure
48
Average Age
  • The average tenure for the LPKF Laser & Electronics management team is less than 2 years, this suggests a new team.
Management Team

Götz Bendele

TITLE
CEO & Member of Management Board
COMPENSATION
€548K
AGE
49
TENURE
1.9 yrs

Christian Witt

TITLE
CFO & Member of the Management Board
COMPENSATION
€509K
AGE
48
TENURE
1.6 yrs

Bettina Schäfer

TITLE
Manager of Investor Relations

Michael Agater

TITLE
Senior Vice President of Production

Nils Heininger

TITLE
Senior Vice President

Jürgen Bergedieck

TITLE
Managing Director of LPKF SolarQuipment GmbH

Markus Konig

TITLE
Head of Operations and Development Divisions for Laser Plastic Welding Business Unit
TENURE
5.6 yrs

Simon Reiser

TITLE
Managing Director of LPKF - Fürth
TENURE
0.3 yrs

Stephan Schmidt

TITLE
President of Lpkf Laser & Electronics Inc. USA

Kai Bentz

TITLE
COMPENSATION
€511K
AGE
48
TENURE
1.6 yrs
Board of Directors Tenure

Average tenure and age of the LPKF Laser & Electronics board of directors in years:

0.8
Average Tenure
55
Average Age
  • The average tenure for the LPKF Laser & Electronics board of directors is less than 3 years, this suggests a new board.
Board of Directors

Markus Peters

TITLE
Chairman of the Supervisory Board
COMPENSATION
€64K
AGE
55
TENURE
2.5 yrs

Dirk Rothweiler

TITLE
Deputy Chairman of the Supervisory Board
COMPENSATION
€41K
AGE
56
TENURE
0.8 yrs

Ludger Overmeyer

TITLE
Member of the Supervisory Board
COMPENSATION
€18K
AGE
55
TENURE
0.8 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 LPKF Laser & Electronics'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. LPKF Laser & Electronics 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

LPKF Laser & Electronics AG, together with its subsidiaries, designs and manufactures laser systems in Germany, Rest of Europe, North America, Asia, and internationally. The company operates through four segments: Development, Electronics, Welding, and Solar. The Development segment offers circuit board plotters and ProtoLasers primarily for electronics developers. The Electronics segment provides production systems for cutting print stencils, rigid and flexible circuit boards, ultra-thin glass, and the etching of plastic circuit carriers. The Welding segment offers systems for laser beam welding of plastic components. The Solar segment develops and produces laser scribers for the etching of thin- film solar cells and laser systems for the digital printing of functional pastes and inks. Its products are used in the electronics industry, automotive parts suppliers, solar industry, the semi-conductor industry, medical technology, research institutions, and universities. The company was founded in 1976 and is headquartered in Garbsen, Germany.

Details
Name: LPKF Laser & Electronics AG
LPKD
Exchange: BATS-CHIXE
Founded: 1976
€437,324,960
24,486,280
Website: http://www.lpkf.com
Address: LPKF Laser & Electronics AG
Osteriede 7,
Garbsen,
Lower Saxony, 30827,
Germany
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
XTRA LPK Ordinary Shares XETRA Trading Platform DE EUR 30. Nov 1998
OTCPK LPKF.F Ordinary Shares Pink Sheets LLC US USD 30. Nov 1998
DB LPK Ordinary Shares Deutsche Boerse AG DE EUR 30. Nov 1998
LSE 0ND2 Ordinary Shares London Stock Exchange GB EUR 30. Nov 1998
SWX LPK Ordinary Shares SIX Swiss Exchange CH CHF 30. Nov 1998
ETLX LPK Ordinary Shares Eurotlx IT EUR 30. Nov 1998
BATS-CHIXE LPKD Ordinary Shares BATS 'Chi-X Europe' GB EUR 30. Nov 1998
Number of employees
Current staff
Staff numbers
725
LPKF Laser & Electronics employees.
Industry
Electronic Equipment and Instruments
Tech
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/08 19:53
End of day share price update: 2020/04/07 00:00
Last estimates confirmation: 2020/04/06
Last earnings filing: 2020/03/24
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.