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Added to YB: 2026-09-15

Pitch date: 2026-09-11

PWO.DE [bullish]

PWO AG

-0.91%

current return

Author Info

Dismissed & Asset Backed has their heads stuck in 10Ks and 10Qs of 'old world' businesses trading below tangible book value. Sign up for the newsletter.

Company Info

PWO AG develops, produces, and sells metal components and systems for the mobility industry in Germany, the Czechia Republic, Canada, Mexico, Serbia, and China.

Market Cap

EUR 69.4M

Pitch Price

EUR 22.00

Price Target

52.60 (+137%)

Dividend

7.43%

EV/EBITDA

4.66

P/E

25.69

EV/Sales

0.32

Sector

Automobile Components

Category

value

Show full summary:
PWO (PWO) - Plenty of Orders, Not Enough Earnings

PWO.DE (overview): PWO is a deep-value automotive supplier at 0.46x tangible book, with large 2025-26 program awards offering a path beyond today’s weak utilization and ramp-up losses. A FY28 normalization to €52m EBITDA and 5x EV/EBITDA supports €52.6 per share including dividends, or 137% upside. The key risk is that expected lifetime program values are not firm backlog and may not convert without further execution or liquidity strain.

Read full article (7 min)