Price Target Changed • Mar 23
Price target decreased by 7.2% to CHF66.60 Down from CHF71.80, the current price target is an average from 5 analysts. New target price is 37% above last closing price of CHF48.75. Stock is down 57% over the past year. The company is forecast to post earnings per share of CHF2.42 next year compared to a net loss per share of CHF1.77 last year. Announcement • Mar 18
Komax Holding AG, Annual General Meeting, Apr 09, 2026 Komax Holding AG, Annual General Meeting, Apr 09, 2026, at 16:00 W. Europe Standard Time. Announcement • Mar 11
Komax Holding AG to Report Fiscal Year 2026 Results on Jan 19, 2027 Komax Holding AG announced that they will report fiscal year 2026 results on Jan 19, 2027 Reported Earnings • Mar 10
Full year 2025 earnings released: CHF1.77 loss per share (vs CHF0.63 loss in FY 2024) Full year 2025 results: CHF1.77 loss per share (further deteriorated from CHF0.63 loss in FY 2024). Revenue: CHF580.9m (down 6.8% from FY 2024). Net loss: CHF9.07m (loss widened 182% from FY 2024). Revenue is forecast to grow 4.7% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the Machinery industry in Switzerland. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 70 percentage points per year, which is a significant difference in performance. Major Estimate Revision • Feb 01
Consensus EPS estimates upgraded to CHF2.79 loss The consensus outlook for fiscal year 2025 has been updated. 2025 losses forecast to reduce from -CHF3.11 to -CHF2.79 per share. Revenue forecast steady at CHF577.7m. Machinery industry in Switzerland expected to see average net income growth of 8.4% next year. Consensus price target of CHF69.92 unchanged from last update. Share price was steady at CHF66.90 over the past week. Major Estimate Revision • Jan 29
Consensus estimates of losses per share improve by 14% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has improved. 2025 revenue forecast increased from CHF570.3m to CHF577.7m. EPS estimate increased from -CHF3.23 per share to -CHF2.79 per share. Machinery industry in Switzerland expected to see average net income growth of 8.2% next year. Consensus price target down from CHF71.80 to CHF69.92. Share price was steady at CHF66.40 over the past week. New Risk • Jan 19
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Swiss stocks, typically moving 5.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Announcement • Jan 14
CFO Christian Mäder to Leave the Komax Group At the End of June 2026 Komax Holding AG announced that Christian Mäder will leave the Komax Group at the end of June 2026 to take up the CFO position at a leading Swiss industrial company. The search for his successor will be initiated immediately. Christian Mäder has been CFO of the Komax Group and a member of the Executive Committee since October 2023. He has decided to take on a new professional challenge. At the end of June 2026, he will leave the Komax Group to assume the position of CFO at a larger. The search for a successor will be initiated immediately. Price Target Changed • Aug 22
Price target decreased by 13% to CHF135 Down from CHF155, the current price target is an average from 2 analysts. New target price is 51% above last closing price of CHF89.30. Stock is down 32% over the past year. The company is forecast to post earnings per share of CHF0.14 next year compared to a net loss per share of CHF0.63 last year. Reported Earnings • Aug 14
First half 2025 earnings released: CHF0.68 loss per share (vs CHF0.49 profit in 1H 2024) First half 2025 results: CHF0.68 loss per share (down from CHF0.49 profit in 1H 2024). Revenue: CHF278.3m (down 13% from 1H 2024). Net loss: CHF4.60m (down 283% from profit in 1H 2024). Revenue is forecast to grow 7.3% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Machinery industry in Switzerland. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 53 percentage points per year, which is a significant difference in performance. Announcement • Aug 14
Komax Holding AG to Report First Half, 2026 Results on Aug 13, 2026 Komax Holding AG announced that they will report first half, 2026 results on Aug 13, 2026 Price Target Changed • Jun 18
Price target decreased by 10% to CHF157 Down from CHF175, the current price target is an average from 3 analysts. New target price is 59% above last closing price of CHF98.70. Stock is down 26% over the past year. The company is forecast to post earnings per share of CHF2.88 next year compared to a net loss per share of CHF0.63 last year. Buy Or Sell Opportunity • Jun 13
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 6.5% to CHF103. The fair value is estimated to be CHF130, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Meanwhile, the company became loss making. Buy Or Sell Opportunity • May 07
Now 25% undervalued after recent price drop Over the last 90 days, the stock has fallen 26% to CHF98.10. The fair value is estimated to be CHF131, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Meanwhile, the company became loss making. Announcement • Apr 18
Komax Holding AG to Report Fiscal Year 2025 Final Results on Mar 10, 2026 Komax Holding AG announced that they will report fiscal year 2025 final results on Mar 10, 2026 Buy Or Sell Opportunity • Mar 28
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 11% to CHF103. The fair value is estimated to be CHF132, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Meanwhile, the company became loss making. Announcement • Mar 24
Komax Holding AG, Annual General Meeting, Apr 16, 2025 Komax Holding AG, Annual General Meeting, Apr 16, 2025, at 16:00 W. Europe Standard Time. Reported Earnings • Mar 12
Full year 2024 earnings: EPS misses analyst expectations Full year 2024 results: CHF0.63 loss per share (down from CHF8.55 profit in FY 2023). Revenue: CHF630.5m (down 15% from FY 2023). Net loss: CHF3.22m (down 107% from profit in FY 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 146%. Revenue is forecast to grow 5.8% p.a. on average during the next 2 years, compared to a 5.2% growth forecast for the Machinery industry in Switzerland. Over the last 3 years on average, earnings per share has fallen by 46% per year but the company’s share price has only fallen by 25% per year, which means it has not declined as severely as earnings. New Risk • Mar 11
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Swiss stocks, typically moving 8.5% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (8.5% average weekly change). Minor Risks Dividend is not well covered by earnings (270% payout ratio). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.9% net profit margin). Announcement • Mar 11
Komax Holding AG to Report Fiscal Year 2025 Results on Jan 20, 2026 Komax Holding AG announced that they will report fiscal year 2025 results on Jan 20, 2026 Major Estimate Revision • Jan 22
Consensus estimates of losses per share improve by 51% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has improved. 2024 revenue forecast increased from CHF602.5m to CHF613.1m. EPS estimate increased from -CHF0.524 per share to -CHF0.256 per share. Machinery industry in Switzerland expected to see average net income growth of 8.5% next year. Consensus price target of CHF175 unchanged from last update. Share price rose 25% to CHF136 over the past week. New Risk • Jan 21
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Swiss stocks, typically moving 7.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by earnings (270% payout ratio). Share price has been volatile over the past 3 months (7.2% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.9% net profit margin). Announcement • Jan 21
Komax Holding AG to Report Q4, 2024 Results on Mar 11, 2025 Komax Holding AG announced that they will report Q4, 2024 results on Mar 11, 2025 New Risk • Dec 10
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Swiss stocks, typically moving 4.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by earnings (270% payout ratio). Share price has been volatile over the past 3 months (4.2% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.9% net profit margin). Price Target Changed • Dec 10
Price target increased by 7.7% to CHF175 Up from CHF163, the current price target is an average from 3 analysts. New target price is 46% above last closing price of CHF120. Stock is down 37% over the past year. The company is forecast to post a net loss per share of CHF0.52 compared to earnings per share of CHF8.55 last year. Major Estimate Revision • Aug 20
Consensus EPS estimates have been downgraded. The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from CHF614.2m to CHF601.4m. Now expected to report a loss of CHF0.91 per share instead of CHF3.40 per share profit previously forecast. Machinery industry in Switzerland expected to see average net income growth of 7.7% next year. Consensus price target of CHF163 unchanged from last update. Share price was steady at CHF132 over the past week. Reported Earnings • Aug 16
First half 2024 earnings released: EPS: CHF0.49 (vs CHF7.93 in 1H 2023) First half 2024 results: EPS: CHF0.49 (down from CHF7.93 in 1H 2023). Revenue: CHF323.5m (down 20% from 1H 2023). Net income: CHF2.52m (down 94% from 1H 2023). Profit margin: 0.8% (down from 10.0% in 1H 2023). Revenue is forecast to grow 4.8% p.a. on average during the next 3 years, compared to a 6.9% growth forecast for the Machinery industry in Switzerland. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has fallen by 18% per year, which means it is performing significantly worse than earnings. Announcement • Aug 13
Komax Holding AG to Report First Half, 2025 Results on Aug 12, 2025 Komax Holding AG announced that they will report first half, 2025 results on Aug 12, 2025 Price Target Changed • Jun 19
Price target decreased by 14% to CHF163 Down from CHF190, the current price target is an average from 5 analysts. New target price is 20% above last closing price of CHF136. Stock is down 41% over the past year. The company is forecast to post earnings per share of CHF5.83 for next year compared to CHF8.55 last year. Major Estimate Revision • Jun 19
Consensus EPS estimates fall by 18% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from CHF697.0m to CHF628.8m. EPS estimate also fell from CHF7.14 per share to CHF5.83 per share. Net income forecast to shrink 32% next year vs 7.5% growth forecast for Machinery industry in Switzerland . Consensus price target down from CHF190 to CHF163. Share price fell 7.3% to CHF136 over the past week. Price Target Changed • Jun 19
Price target decreased by 10% to CHF178 Down from CHF198, the current price target is an average from 5 analysts. New target price is 31% above last closing price of CHF136. Stock is down 42% over the past year. The company is forecast to post earnings per share of CHF6.82 for next year compared to CHF8.55 last year. Upcoming Dividend • Apr 12
Upcoming dividend of CHF3.00 per share Eligible shareholders must have bought the stock before 19 April 2024. Payment date: 23 April 2024. Payout ratio is a comfortable 35% and this is well supported by cash flows. Trailing yield: 1.7%. Lower than top quartile of Swiss dividend payers (4.0%). Lower than average of industry peers (2.0%). Declared Dividend • Mar 14
Dividend of CHF3.00 announced Shareholders will receive a dividend of CHF3.00. Ex-date: 19th April 2024 Payment date: 23rd April 2024 Dividend yield will be 1.8%, which is lower than the industry average of 2.2%. Sustainability & Growth Dividend is well covered by both earnings (35% earnings payout ratio) and cash flows (44% cash payout ratio). The dividend has increased by an average of 4.1% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 53% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Mar 13
Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2023 results: EPS: CHF8.55 (down from CHF12.11 in FY 2022). Revenue: CHF745.1m (up 24% from FY 2022). Net income: CHF43.8m (down 15% from FY 2022). Profit margin: 5.9% (down from 8.6% in FY 2022). Revenue exceeded analyst estimates by 1.7%. Earnings per share (EPS) missed analyst estimates by 26%. Revenue is forecast to grow 3.4% p.a. on average during the next 3 years, compared to a 5.9% growth forecast for the Machinery industry in Switzerland. Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Announcement • Mar 12
Komax Holding AG to Report Fiscal Year 2024 Results on Jan 21, 2025 Komax Holding AG announced that they will report fiscal year 2024 results on Jan 21, 2025 Buy Or Sell Opportunity • Feb 01
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 10% to CHF167. The fair value is estimated to be CHF208, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 29% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 2.5% per annum. Earnings are forecast to decline by 6.2% per annum over the same time period. Major Estimate Revision • Jan 17
Consensus EPS estimates fall by 11% The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from CHF774.4m to CHF752.4m. EPS estimate also fell from CHF13.39 per share to CHF11.96 per share. Net income forecast to shrink 21% next year vs 6.1% growth forecast for Machinery industry in Switzerland . Consensus price target down from CHF248 to CHF207. Share price fell 9.5% to CHF173 over the past week. Price Target Changed • Jan 11
Price target decreased by 10% to CHF230 Down from CHF256, the current price target is an average from 6 analysts. New target price is 35% above last closing price of CHF170. Stock is down 38% over the past year. The company is forecast to post earnings per share of CHF12.77 for next year compared to CHF12.11 last year. Announcement • Jan 11
Komax Holding AG to Report Fiscal Year 2023 Results on Mar 12, 2024 Komax Holding AG announced that they will report fiscal year 2023 results on Mar 12, 2024 Announcement • Oct 06
Komax Holding AG acquired Alcava SAS. Komax Holding AG acquired Alcava SAS on October 1, 2023. The acquisition includes the companies Lintech in France, Malintech in Morocco, and Tulintech in Tunisia. As part of the transaction, over 40 employees will join Komax Group. Komax Holding AG completed the acquisition of Alcava SAS on October 1, 2023. Reported Earnings • Aug 20
First half 2023 earnings released: EPS: CHF7.93 (vs CHF6.05 in 1H 2022) First half 2023 results: EPS: CHF7.93 (up from CHF6.05 in 1H 2022). Revenue: CHF389.6m (up 64% from 1H 2022). Net income: CHF40.7m (up 75% from 1H 2022). Profit margin: 10% (in line with 1H 2022). Revenue is forecast to grow 5.7% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Machinery industry in Switzerland. Over the last 3 years on average, earnings per share has increased by 78% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Apr 08
Upcoming dividend of CHF5.50 per share at 2.3% yield Eligible shareholders must have bought the stock before 14 April 2023. Payment date: 18 April 2023. Payout ratio is a comfortable 45% and this is well supported by cash flows. Trailing yield: 2.3%. Lower than top quartile of Swiss dividend payers (4.2%). In line with average of industry peers (2.3%). Major Estimate Revision • Mar 22
Consensus EPS estimates fall by 11% The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate fell from CHF14.90 to CHF13.30 per share. Revenue forecast steady at CHF784.5m. Net income forecast to grow 37% next year vs 22% growth forecast for Machinery industry in Switzerland. Consensus price target down from CHF300 to CHF284. Share price rose 3.5% to CHF248 over the past week. Valuation Update With 7 Day Price Move • Mar 20
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to CHF242, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 18x in the Machinery industry in Switzerland. Total returns to shareholders of 73% over the past three years. Reported Earnings • Mar 16
Full year 2022 earnings: EPS exceeds analyst expectations Full year 2022 results: EPS: CHF12.11 (up from CHF7.90 in FY 2021). Revenue: CHF606.3m (up 45% from FY 2021). Net income: CHF51.8m (up 70% from FY 2021). Profit margin: 8.5% (up from 7.3% in FY 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 7.4%. Revenue is forecast to grow 8.7% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Machinery industry in Switzerland. Over the last 3 years on average, earnings per share has increased by 84% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth. Announcement • Jan 24
Komax Holding AG to Report Fiscal Year 2022 Results on Mar 14, 2023 Komax Holding AG announced that they will report fiscal year 2022 results on Mar 14, 2023 Board Change • Nov 16
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 3 experienced directors. 3 highly experienced directors. Independent Non-Executive Director Jurg Werner was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Sep 01
Komax Holding AG Appoints Jorg Werner as Member of the Board of Directors The Schleuniger Group is now part of the Komax Group: the combination of Komax Holding AG and Schleuniger AG was completed on 30 August 2022. On completion of the transaction, i.e., as of 30 August 2022, Dr. Jorg Werner became a member of the Board of Directors of Komax Holding AG. Announcement • Aug 31
Komax Holding AG (SWX:KOMN) completed the acquisition of Schleuniger AG from Metall Zug AG (SWX:METN). Komax Holding AG (SWX:KOMN) signed an agreement to acquire Schleuniger AG from Metall Zug AG (SWX:METN) for approximately CHF 360 million on February 9, 2022. The transaction will be carried out through a quasi-merger, in which Komax will issue 1,283,333 new shares to Metall Zug, giving Metall Zug 25% stake in Komax. Schleuniger AG reported net sales of CHF 206 million and EBIT of CHF 14 million for the year ended December 31, 2021. In addition, subject to successful implementation of the merger, Komax will propose the election of Jürg Werner, currently Chairman of the Board of Directors of Schleuniger AG, as the representative of Metall Zug in the Board of Directors of Komax Holding AG. Beat Kälin as Chairman of the Board of Directors and the other five member of Komax’s Board of Directors will stand for re-election. The transaction depends, among other conditions, on the approval of the relevant proposals by Komax's Annual General Meeting and the consent of the relevant competition authorities to the merger, which are expected to be satisfied in Q3 2022. As of July 27, 2022, the transaction was approved by the competition authorities. Annual General Meeting of Komax to be held on April 13, 2022. As of April 13, 2022, Komax Holding AG shareholders approved the deal. As of June 21, 2022, the competition council has started assessing the deal. As of July 27, 2022, the transaction is expected to close on August 30, 2022. Stefan Knobloch, Theodor Härtsch, and Katrin Hagger of Walder Wyss Ltd. acted as legal advisors to Komax and Claude Lambert and Andreas Müller of Homburger AG acted as legal advisors to Metall Zug. On completion of the transaction, i.e., as of 30 August 2022, Dr. Jürg Werner became a member of the Board of Directors of Komax Holding AG and the restrictions on registration and voting rights (15%) previously applicable to the shares of Komax Holding AG were abolished without replacement. As of September 1, 2022, The Schleuniger Group will be consolidated.
Komax Holding AG (SWX:KOMN) completed the acquisition of Schleuniger AG from Metall Zug AG (SWX:METN) on August 30, 2022. Price Target Changed • Aug 27
Price target increased to CHF307 Up from CHF280, the current price target is an average from 4 analysts. New target price is 20% above last closing price of CHF257. Stock is up 0.5% over the past year. The company is forecast to post earnings per share of CHF10.15 for next year compared to CHF7.90 last year. Major Estimate Revision • Aug 26
Consensus revenue estimates increase by 15% The consensus outlook for revenues in 2022 has improved. 2022 revenue forecast increased from CHF485.7m to CHF559.8m. EPS estimate increased from CHF9.59 to CHF10.15 per share. Net income forecast to grow 32% next year vs 7.0% growth forecast for Machinery industry in Switzerland. Consensus price target up from CHF280 to CHF287. Share price was steady at CHF257 over the past week. Reported Earnings • Aug 19
First half 2022 earnings released: EPS: CHF6.05 (vs CHF2.17 in 1H 2021) First half 2022 results: EPS: CHF6.05 (up from CHF2.17 in 1H 2021). Revenue: CHF241.8m (up 34% from 1H 2021). Net income: CHF23.3m (up 178% from 1H 2021). Profit margin: 9.6% (up from 4.6% in 1H 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 11%, compared to a 8.9% growth forecast for the Machinery industry in Switzerland. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Major Estimate Revision • Aug 18
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 revenue forecast increased from CHF475.7m to CHF527.3m. EPS estimate fell from CHF10.15 to CHF10.01. Net income forecast to grow 38% next year vs 7.5% growth forecast for Machinery industry in Switzerland. Consensus price target of CHF280 unchanged from last update. Share price fell 10% to CHF253 over the past week. Announcement • Aug 18
Komax Holding AG to Report Q2, 2023 Results on Aug 17, 2023 Komax Holding AG announced that they will report Q2, 2023 results on Aug 17, 2023 Buying Opportunity • Aug 17
Now 24% undervalued Over the last 90 days, the stock is up 4.9%. The fair value is estimated to be CHF340, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 8.6% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 8.0% per annum. Earnings is also forecast to grow by 21% per annum over the same time period. Announcement • Aug 17
Komax Holding AG Provides Earnings Guidance for the Second Half of 2022 Komax Holding AG provided earnings guidance for the second half of 2022. The company is anticipating revenues for the second half of 2022 (excluding Schleuniger) that are in line with the figure for the first six months of the year. Absolute EBIT should also be broadly on a par with the first half of 2022. Price Target Changed • Aug 11
Price target increased to CHF280 Up from CHF260, the current price target is an average from 5 analysts. New target price is approximately in line with last closing price of CHF267. Stock is down 1.1% over the past year. The company is forecast to post earnings per share of CHF10.50 for next year compared to CHF7.90 last year. Board Change • Jun 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 3 highly experienced directors. Independent Non-Executive Director Mariel Hoch was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • May 02
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 3 highly experienced directors. Independent Non-Executive Director Mariel Hoch was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Buying Opportunity • Apr 19
Now 23% undervalued Over the last 90 days, the stock is up 1.1%. The fair value is estimated to be CHF327, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 8.6% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 20% in 2 years. Earnings is forecast to grow by 54% in the next 2 years. Upcoming Dividend • Apr 12
Upcoming dividend of CHF4.50 per share Eligible shareholders must have bought the stock before 19 April 2022. Payment date: 21 April 2022. Payout ratio is a comfortable 57% but the company is not cash flow positive. Trailing yield: 1.8%. Lower than top quartile of Swiss dividend payers (3.8%). Lower than average of industry peers (2.3%). Reported Earnings • Mar 15
Full year 2021 earnings: EPS misses analyst expectations Full year 2021 results: EPS: CHF7.90 (up from CHF0.34 loss in FY 2020). Revenue: CHF421.1m (up 30% from FY 2020). Net income: CHF30.4m (up CHF31.7m from FY 2020). Profit margin: 7.2% (up from net loss in FY 2020). The move to profitability was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 100%. Over the next year, revenue is forecast to grow 14%, compared to a 9.3% growth forecast for the industry in Switzerland. Over the last 3 years on average, earnings per share has fallen by 39% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Major Estimate Revision • Mar 12
Consensus forecasts updated The consensus outlook for 2021 has been updated. 2021 EPS estimate increased from CHF7.17 to CHF7.92. Revenue forecast steady at CHF421.5m. Net income forecast to grow 92% next year vs 8.9% growth forecast for Machinery industry in Switzerland. Consensus price target up from CHF259 to CHF269. Share price rose 9.9% to CHF238 over the past week. Buying Opportunity • Feb 18
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 1.1%. The fair value is estimated to be CHF331, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 13% per annum over the last 3 years. The company has become profitable over the last year. Announcement • Feb 11
Komax Holding AG (SWX:KOMN) signed an agreement to acquire Schleuniger AG from Metall Zug AG (SWX:METN) for approximately CHF 360 million. Komax Holding AG (SWX:KOMN) signed an agreement to acquire Schleuniger AG from Metall Zug AG (SWX:METN) for approximately CHF 360 million on February 9, 2022. The transaction will be carried out through a quasi-merger, in which Komax will issue 1,283,333 new shares to Metall Zug, giving Metall Zug 25% stake in Komax. Schleuniger AG reported net sales of CHF 206 million and EBIT of CHF 14 million for the year ended December 31, 2021. In addition, subject to successful implementation of the merger, Komax will propose the election of Jürg Werner, currently Chairman of the Board of Directors of Schleuniger AG, as the representative of Metall Zug in the Board of Directors of Komax Holding AG. Beat Kälin as Chairman of the Board of Directors and the other five member of Komax’s Board of Directors will stand for re-election. The transaction depends, among other conditions, on the approval of the relevant proposals by Komax's Annual General Meeting and the consent of the relevant competition authorities to the merger, which are expected to be satisfied in Q3 2022. Annual General Meeting of Komax to be held on April 13, 2022. Valuation Update With 7 Day Price Move • Jan 31
Investor sentiment improved over the past week After last week's 19% share price gain to CHF284, the stock trades at a forward P/E ratio of 33x. Average forward P/E is 22x in the Machinery industry in Switzerland. Total returns to shareholders of 12% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CHF318 per share. Major Estimate Revision • Jan 28
Consensus EPS estimates increase by 11% The consensus outlook for earnings per share (EPS) in 2021 has improved. 2021 revenue forecast increased from CHF413.9m to CHF421.4m. EPS estimate increased from CHF6.46 to CHF7.17 per share. Net income forecast to grow 85% next year vs 13% growth forecast for Machinery industry in Switzerland. Consensus price target of CHF250 unchanged from last update. Share price rose 7.9% to CHF271 over the past week. Price Target Changed • Aug 23
Price target increased to CHF234 Up from CHF210, the current price target is an average from 6 analysts. New target price is 6.1% below last closing price of CHF249. Stock is up 73% over the past year. Reported Earnings • Aug 22
First half 2021 earnings released: EPS CHF2.17 (vs CHF3.00 loss in 1H 2020) The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: CHF180.4m (up 25% from 1H 2020). Net income: CHF8.36m (up CHF19.9m from 1H 2020). Profit margin: 4.6% (up from net loss in 1H 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 72 percentage points per year, which is a significant difference in performance. Reported Earnings • Mar 19
Full year 2020 earnings released: CHF0.34 loss per share (vs CHF3.44 profit in FY 2019) The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2020 results: Revenue: CHF323.3m (down 22% from FY 2019). Net loss: CHF1.32m (down 110% from profit in FY 2019). Over the last 3 years on average, earnings per share has fallen by 77% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings.