Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
PVA TePla AG is a leading German system engineering company specializing in advanced vacuum, high-temperature, plasma, and metrology solutions. Headquartered in Wettenberg, it develops and produces systems for critical manufacturing processes in the semiconductor, hard metal, electrical/electronics, optical, photovoltaic, and energy sectors worldwide. The company operates through key segments including Semiconductor Systems, which provide crystal growing systems like floating zone and Czochralski for ultra-pure silicon and germanium, plasma systems for wafer cleaning and surface treatment, and metrology tools for quality control and defect detection; and Industrial Systems, offering pressure sintering, vacuum brazing, diffusion bonding, plasma nitriding, and ultrasonic microscopy for materials production, finishing, and inspection in medical, tool, and other industries. With a network of specialized subsidiaries such as PVA Industrial Vacuum Systems, Metrology & Plasma Solutions, and Crystal Growing Systems, PVA TePla AG supports complex process integration, product development, and innovation through decades of expertise, global presence including the US, China, and Denmark, and adherence to ISO 9001:2015 standards. Employing around 928 people, it plays a pivotal role in enabling high-precision technologies for future-oriented industries.
Operating margin is thin at 6.22%. Limited cushion if revenue slows or costs rise, not the profile of a wide-moat business.
Revenue declined 9.6% YoY. Margins deteriorated 8.4pp alongside, both lines moving the wrong way.
Free cash flow declined 162% versus the prior year, cash generation momentum has weakened. ROIC dropped from 17.18% to 7.47%, capital efficiency is deteriorating.
Profitability & Returns
Revenue (TTM)
€240M
▼ -9.6% YoY
Net Income (TTM)
€2M
▼ -71.8% YoY
Op. Margin
3.32%
▼ -8.4pp YoY
ROIC
7.47%
▼ -9.7pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
-€24M
▼ -162.3% YoY
Op. Cash Flow (TTM)
€23M
▼ -51.9% YoY
Net Debt
€28M
Cash & Equiv.
€19M
3Y CAGR: +6.0%
Continue Research