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1. Company Snapshot

1.a. Company Description

PIERER Mobility AG, together with its subsidiaries, operates as a motorcycle producer in Europe, North America, Mexico, and internationally.It operates through Motorcycles, E-Bicycles, Four-Wheel, and Others segments.The company develops, produces, and distributes motorized leisure equipment, including off-road and street motorcycles; mini-motorcycles; X-BOW; and brand accessories, such as spare parts, technical accessories, and clothing under the KTM, Husqvarna Motorcycles, and GASGAS brands.


It also develops, produces, and sells chassis components for motorcycles and vehicles, including suspension components, frame construction and related welded-steel components, exhaust systems, and cooling systems under the WP brand.In addition, the company engages in manufacturing, developing, and trading e-bikes and bicycles under the Husqvarna E-Bicycles, GASGAS E-Bicycles, FELT Bicycles, and R RAYMON brands.Further, it provides digital strategy, mobile and web applications, and business solutions; and high-performance sports car under the KTM X-BOW brand name.


The company was formerly known as KTM Industries AG and changed its name to PIERER Mobility AG in October 2019.PIERER Mobility AG was founded in 1953 and is based in Wels, Austria.PIERER Mobility AG operates as a subsidiary of Pierer Konzerngesellschaft mbH.

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1.b. Last Insights on PKTM

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1.c. Company Highlights

2. Transcript Summary

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3. NewsRoom

4. Business Breakdown

4.a. Revenues by Country

4.b. Revenues by Segment

5. Expected revenues mid-term growth (1.16%)

6. Segments

Motorcycles

Expected Growth: 1.2%

PIERER Mobility AG's 1.2% growth in motorcycles is driven by increasing demand for electric and adventure bikes, particularly in Asia and Europe. The company's strategic partnerships, expanded dealership networks, and innovative product offerings, such as the KTM and Husqvarna brands, also contribute to this growth.

Bicycles

Expected Growth: 0.8%

PIERER Mobility AG's bicycle segment growth of 0.8 is driven by increasing environmental awareness, government incentives for eco-friendly transportation, and rising health consciousness. Additionally, the company's strategic expansion into e-bikes and innovative product designs have contributed to the growth.

Other

Expected Growth: 0.9%

PIERER Mobility AG's 0.9 growth in 'Other' segment is driven by increasing demand for e-bikes, strategic partnerships, and expansion into new markets. Additionally, the company's focus on innovative products, such as electric motorcycles, and its commitment to sustainability are contributing to its growth.

7. Detailed Products

Bicycles

PIERER Mobility AG offers a wide range of bicycles, including mountain bikes, road bikes, and e-bikes, designed for comfort, performance, and sustainability.

E-Scooters

PIERER Mobility AG's e-scooters provide an eco-friendly and convenient mode of transportation, perfect for short to medium distance commutes.

Motorcycles

PIERER Mobility AG's motorcycles offer a thrilling riding experience, combining power, style, and innovative technology.

Electric Motorcycles

PIERER Mobility AG's electric motorcycles provide a sustainable and exhilarating riding experience, with zero emissions and reduced noise pollution.

Micro-Mobility Solutions

PIERER Mobility AG's micro-mobility solutions, including e-bikes and e-scooters, offer convenient and eco-friendly transportation options for short distances.

8. PIERER Mobility AG's Porter Forces

Forces Ranking

Threat Of Substitutes

The threat of substitutes for PIERER Mobility AG is medium due to the presence of alternative modes of transportation such as buses and trains.

Bargaining Power Of Customers

The bargaining power of customers for PIERER Mobility AG is low due to the lack of switching costs and the availability of multiple options.

Bargaining Power Of Suppliers

The bargaining power of suppliers for PIERER Mobility AG is medium due to the presence of multiple suppliers and the company's dependence on them.

Threat Of New Entrants

The threat of new entrants for PIERER Mobility AG is high due to the low barriers to entry and the attractiveness of the market.

Intensity Of Rivalry

The intensity of rivalry for PIERER Mobility AG is high due to the presence of multiple competitors and the high stakes in the market.

9. SWOT Analysis

10. Capital Structure

10.a. Balance Sheet

10.b. Weighted Average Cost of capital

Value
Debt Weight 52.04%
Debt Cost 8.66%
Equity Weight 47.96%
Equity Cost 9.69%
WACC 9.15%
Leverage 108.52%

11. Quality Control: PIERER Mobility AG passed 4 out of 9 key points

12.a Historical Valuation

12.b Price/Earnings Ratio

12.c Margin Valuation

12.d Peers Valuation

Peers Group Analysis

Stock-Card
On the Beach

A-Score: 4.9/10

Value: 4.4

Growth: 6.2

Quality: 7.6

Yield: 1.2

Momentum: 8.0

Volatility: 1.7

1-Year Total Return ->

Stock-Card
KABE

A-Score: 4.6/10

Value: 6.4

Growth: 4.0

Quality: 4.2

Yield: 5.0

Momentum: 0.5

Volatility: 7.7

1-Year Total Return ->

Stock-Card
JM

A-Score: 4.2/10

Value: 5.9

Growth: 4.3

Quality: 4.1

Yield: 6.2

Momentum: 1.5

Volatility: 3.3

1-Year Total Return ->

Stock-Card
IVS Group

A-Score: 3.0/10

Value: 3.1

Growth: 2.9

Quality: 2.5

Yield: 1.2

Momentum: 5.0

Volatility: 3.3

1-Year Total Return ->

Stock-Card
Knaus Tabbert

A-Score: 3.0/10

Value: 8.7

Growth: 1.7

Quality: 1.9

Yield: 3.8

Momentum: 0.5

Volatility: 1.3

1-Year Total Return ->

Stock-Card
Pierer Mobility

A-Score: 2.1/10

Value: 8.7

Growth: 0.3

Quality: 1.8

Yield: 1.2

Momentum: 0.0

Volatility: 0.3

1-Year Total Return ->

Peers Metrics

12.e Scoring Insights

12.f DCF BETA

Parameters

Short Term Growth

Short term Time

Long-Term Growth

WACC

Target Price

16.04$

Current Price

16.04$

Potential

-0.00%

Expected Cash-Flows