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PVA TePla
(XETRA:TPE)
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Rating:48Neutral
Price Target:
€35.00
▲(19.13% Upside)
Action:Reiterated
Date:08/18/26
The score is held back primarily by the fundamental downturn—profits have swung to slightly negative and free cash flow is meaningfully negative—despite a still-manageable leverage position. Technicals add further pressure, with the stock in a downtrend and weak momentum. Valuation is difficult to assess on earnings due to the negative P/E and no dividend yield data.
Positive Factors
Moderate Leverage
Moderate leverage and a sizable equity base provide PVA TePla with financial flexibility to absorb cyclical volatility. This supports continued investment in technology and equipment while reducing balance-sheet strain during periods of weaker customer capital spending.
Negative Factors
Profitability Deterioration
The sharp decline in EBIT and the move to a slightly negative net margin show that recent revenue is not converting efficiently into earnings. If this persists, weaker internal funding and reduced returns on capital could constrain investment and diminish the benefit of the company’s gross margin.
Read all positive and negative factors
Positive Factors
Negative Factors
Moderate Leverage
Moderate leverage and a sizable equity base provide PVA TePla with financial flexibility to absorb cyclical volatility. This supports continued investment in technology and equipment while reducing balance-sheet strain during periods of weaker customer capital spending.
Read all positive factors
PVA TePla (TPE) vs. iShares MSCI Germany ETF (EWG)
Market Cap
€682.08M
Dividend Yield5.26%
Average Volume (3M)74.21K
Price to Earnings (P/E)―
Beta (1Y)0.72
Revenue Growth-3.63%
EPS Growth-106.89%
CountryDE
Employees1,043
SectorGeneral
Sector StrengthN/A
IndustrySemiconductors
Share Statistics
EPS (TTM)-0.07
Shares Outstanding21,749,989
10 Day Avg. Volume87,009
30 Day Avg. Volume74,207
Financial Highlights & Ratios
PEG Ratio-0.88
Price to Book (P/B)3.29
Price to Sales (P/S)1.93
P/FCF Ratio-29.72
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
€47.67Price Target Upside62.24% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering3
EPS Forecast (FY)0.43
Revenue Forecast (FY)€267.08M
PVA TePla Business Overview & Revenue Model
Company Description
Headquartered in Wettenberg, Germany, PVA TePla AG is a global provider of specialized systems for the production and refinement of advanced materials. The company operates through two core divisions: Industrial Systems and Semiconductor Systems. ...
How the Company Makes Money
PVA TePla makes money primarily by selling capital equipment and related solutions used in advanced materials and semiconductor-adjacent manufacturing and R&D. Key revenue streams generally include: (1) System/equipment sales: revenue from designi...
PVA TePla Earnings Call Summary
Earnings Call Date:Nov 12, 2025
(Q3-2025)
| % Change Since: |
Next Earnings Date:Nov 05, 2026
Earnings Call Sentiment Neutral
The earnings call presents a mixed picture. While there are strong order intakes and positive developments in R&D and market expansions, the company faces challenges with revenue declines, reduced guidance, and impacts on profit margins and cash position. The sentiment reflects both cautious optimism for future growth and current operational challenges.Positive Updates
Strong Order Intake
Order intake reached almost EUR 33 million in Q3, the strongest quarter since Q3 2023, with a book-to-bill ratio of 1.3. Year-to-date order intake is EUR 177 million, indicating growth potential.
Negative Updates
Revenue Decline
Q3 revenue was EUR 55.8 million, 11% below comparison periods, impacted by trade-related uncertainties and project delays.
Read all updates
Q3-2025 Updates
Positive
Negative
Strong Order Intake
Order intake reached almost EUR 33 million in Q3, the strongest quarter since Q3 2023, with a book-to-bill ratio of 1.3. Year-to-date order intake is EUR 177 million, indicating growth potential.
Read all positive updates
Company Guidance
In the earnings call for PVA TePla AG, the company provided guidance for the fiscal year 2025, revising its revenue forecast to between EUR 235 million and EUR 255 million due to external delays affecting order processing. The third quarter revenue came in at EUR 55.8 million, significantly lower than expected due to global trade uncertainties causing project delays. Despite these challenges, the order intake was robust, reaching EUR 33 million in Q3, with a book-to-bill ratio of 1.3. The company highlighted strong contributions from its metrology sector, with EUR 72 million in revenue year-to-date, and materials solutions, generating EUR 104 million. Looking ahead to 2026, a gradual recovery is anticipated, driven by ongoing projects and emerging opportunities in metrology and silicon carbide systems. The company remains optimistic about its long-term growth potential, supported by R&D initiatives and strategic investments in sales and infrastructure to enhance operational efficiency and market expansion.PVA TePla Financial Statement Overview
Summary
Income Statement
55
Neutral
Balance Sheet
72
Positive
Cash Flow
38
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 245.19M | 244.26M | 270.12M | 263.45M | 205.22M | 155.74M |
| Gross Profit | 73.26M | 77.85M | 88.04M | 77.51M | 59.06M | 46.76M |
| EBITDA | 15.64M | 24.11M | 47.22M | 41.73M | 28.95M | 22.70M |
| Net Income | -1.40M | 7.63M | 27.07M | 24.42M | 17.66M | 12.15M |
Balance Sheet | ||||||
| Total Assets | 310.23M | 284.49M | 299.46M | 305.36M | 290.33M | 240.25M |
| Cash, Cash Equivalents and Short-Term Investments | 6.33M | 17.87M | 31.37M | 20.13M | 27.23M | 57.73M |
| Total Debt | 44.66M | 48.36M | 22.39M | 17.79M | 8.91M | 2.20M |
| Total Liabilities | 169.32M | 141.65M | 149.20M | 177.94M | 186.24M | 157.46M |
| Stockholders Equity | 140.91M | 142.84M | 150.25M | 127.42M | 104.10M | 82.79M |
Cash Flow | ||||||
| Free Cash Flow | -17.57M | -15.83M | 22.03M | -9.27M | -20.76M | 55.43M |
| Operating Cash Flow | 7.96M | 9.71M | 46.18M | 2.00M | -14.07M | 58.85M |
| Investing Cash Flow | -20.33M | -30.08M | -23.33M | -10.84M | -21.28M | -33.98M |
| Financing Cash Flow | 2.92M | 8.01M | -6.00M | 7.30M | -1.30M | -1.51M |
PVA TePla Technical Analysis
Negative
29.38
Price Trends
31.09
Positive
35.63
Negative
33.02
Negative
Market Momentum
0.61
Positive
46.60
Neutral
25.22
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For DE:TPE, the sentiment is Negative. The current price of 29.38 is below the 20-day moving average (MA) of 31.82, below the 50-day MA of 31.09, and below the 200-day MA of 33.02, indicating a neutral trend. The MACD of 0.61 indicates Positive momentum. The RSI at 46.60 is Neutral, neither overbought nor oversold. The STOCH value of 25.22 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for DE:TPE.
PVA TePla Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
59 Neutral | €1.65B | 24.33 | 12.29% | 4.37% | 0.35% | 116.73% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
53 Neutral | €339.28M | -13.12 | -34.65% | 0.47% | -27.00% | -5153.47% | |
52 Neutral | €93.41M | -8.05 | 18.15% | ― | -6.77% | -47.94% | |
48 Neutral | €682.08M | -465.28 | -0.99% | 5.26% | -3.63% | -106.89% | |
48 Neutral | €115.48M | -54.69 | -1.09% | 1.98% | -8.60% | -107.57% |
* General Sector Average
DE:TPE
PVA TePla
31.36
3.62
13.05%
DE:LPK
LPKF Laser & Electronics
13.85
6.83
97.29%
DE:MXHN
MAX Automation
2.80
-3.04
-52.05%
DE:PFV
Pfeiffer Vacuum Technology
167.40
19.43
13.13%
DE:SNG
Singulus Technologies
10.50
8.95
575.24%
DE:DAR
Datron AG
9.55
1.70
21.72%
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.