Polytec Stock Analysis – A Cyclical Automotive Play If You Wish To Make Money on Pension Funds

Polytec is a cyclical stock dependent on the automotive industry. The author suggests it is not a long-term investment but could be a profitable short-to-medium-term play. The investment thesis is based on the potential for a cyclical rebound in the automotive sector. In a good year, the company could achieve a net income of 40 million EUR, leading to a P/E ratio of 4 at the current market cap of 158 million EUR. The book value per share is 10 EUR. The main risk is the non-recovery of the European automotive industry. The author suggests a potential entry point below 5 EUR.