Buy Or Sell Opportunity • Jun 15
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 8.3% to CHF32.00. The fair value is estimated to be CHF40.30, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last 3 years. Earnings per share has declined by 59%. For the next 3 years, revenue is forecast to grow by 4.3% per annum. Earnings are also forecast to grow by 34% per annum over the same time period. Upcoming Dividend • Apr 16
Upcoming dividend of CHF1.00 per share Eligible shareholders must have bought the stock before 22 April 2026. Payment date: 24 April 2026. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 2.9%. Lower than top quartile of British dividend payers (5.8%). Higher than average of industry peers (2.0%). Declared Dividend • Mar 28
Dividend of CHF1.00 announced Shareholders will receive a dividend of CHF1.00. Ex-date: 22nd April 2026 Payment date: 24th April 2026 Dividend yield will be 3.1%, which is higher than the industry average of 2.7%. Sustainability & Growth Dividend is not covered by earnings (102% earnings payout ratio). However, it is well covered by cash flows (16% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 14% to bring the payout ratio under control. EPS is expected to grow by 68% over the next 2 years, which is sufficient to bring the dividend into a sustainable range. New Risk • Mar 20
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 70% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.2% net profit margin). Reported Earnings • Mar 18
Full year 2025 earnings released: EPS: CHF0.98 (vs CHF2.17 in FY 2024) Full year 2025 results: EPS: CHF0.98 (down from CHF2.17 in FY 2024). Revenue: CHF445.9m (down 9.7% from FY 2024). Net income: CHF5.34m (down 55% from FY 2024). Profit margin: 1.2% (down from 2.4% in FY 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 2.9% p.a. on average during the next 2 years, compared to a 4.5% growth forecast for the Machinery industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 59% per year but the company’s share price has only fallen by 15% per year, which means it has not declined as severely as earnings. Buy Or Sell Opportunity • Mar 14
Now 21% undervalued Over the last 90 days, the stock has risen 11% to CHF33.10. The fair value is estimated to be CHF41.72, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years. Meanwhile, the company became loss making. New Risk • Feb 10
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2025. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. This is currently the only risk that has been identified for the company. Buy Or Sell Opportunity • Jan 08
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 1.6% to CHF30.30. The fair value is estimated to be CHF38.12, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years. Meanwhile, the company became loss making. Board Change • Dec 08
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 6 non-independent directors. Director Till Fust was the last director to join the board, commencing their role in 2023. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Nov 07
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 6 non-independent directors. Director Till Fust was the last director to join the board, commencing their role in 2023. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. New Risk • Sep 30
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks Latest financial reports are more than 6 months old (reported December 2024 fiscal period end). Profit margins are more than 30% lower than last year (2.4% net profit margin). Board Change • Sep 17
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 6 non-independent directors. Director Till Fust was the last director to join the board, commencing their role in 2023. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Jul 21
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CHF37.20, the stock trades at a forward P/E ratio of 39x. Average forward P/E is 18x in the Machinery industry in the United Kingdom. Total loss to shareholders of 16% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CHF48.98 per share. Board Change • Apr 22
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 6 non-independent directors. Director Till Fust was the last director to join the board, commencing their role in 2023. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Apr 18
Upcoming dividend of CHF1.00 per share Eligible shareholders must have bought the stock before 24 April 2025. Payment date: 28 April 2025. Payout ratio is a comfortable 46% but the company is not cash flow positive. Trailing yield: 1.4%. Lower than top quartile of British dividend payers (6.3%). Lower than average of industry peers (2.6%). Annuncio • Mar 26
StarragTornos Group AG, Annual General Meeting, Apr 17, 2025 StarragTornos Group AG, Annual General Meeting, Apr 17, 2025, at 14:00 W. Europe Standard Time. Annuncio • Mar 16
StarragTornos Group AG announces Annual dividend, payable on April 28, 2025 StarragTornos Group AG announced Annual dividend of CHF 0.5000 per share payable on April 28, 2025, ex-date on April 24, 2025 and record date on April 25, 2025. Reported Earnings • Mar 16
Full year 2024 earnings released: EPS: CHF2.17 (vs CHF7.21 in FY 2023) Full year 2024 results: EPS: CHF2.17 (down from CHF7.21 in FY 2023). Revenue: CHF499.9m (up 22% from FY 2023). Net income: CHF11.9m (down 53% from FY 2023). Profit margin: 2.4% (down from 6.2% in FY 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to stay flat during the next 3 years compared to a 5.0% growth forecast for the Machinery industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 49% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. New Risk • Mar 05
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Shares are highly illiquid. Minor Risks Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Paying a dividend despite having no free cash flows. Board Change • Jan 08
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 6 non-independent directors. Director Till Fust was the last director to join the board, commencing their role in 2023. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Dec 18
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 6 non-independent directors. Director Till Fust was the last director to join the board, commencing their role in 2023. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Oct 09
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 6 non-independent directors. Director Till Fust was the last director to join the board, commencing their role in 2023. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Annuncio • Sep 27
StarragTornos Group AG Announces CFO Changes The Board of Directors of StarragTornos Group AG appointed Markus Jäger as the new Chief Financial Officer (CFO), effective October 1, 2024. He will succeed Stéphane Pittet who will leave the Group to take up a new professional challenge. Stéphane Pittet was CFO at Tornos and a member of General Management from 2021 to 2023. In 2023, he became CFO and a member of the Executive Board of the StarragTornos Group. He brought expertise and commitment to his roles and strongly supported the merger process in 2023. Markus Jäger is an internationally experienced finance professional with long-standing expertise in stock-listed industrial companies. From 2019 to 2023, he was Rector and Executive Director of the University of Liechtenstein. Before that, he served in various finance management roles at VAT AG (2015 to 2019) and SFS Services AG (2008 to 2015) where he played a major role in the initial public offering process of both companies. From 2004 to 2007, Markus Jäger served as CFO at Briggs & Stratton AG and held various finance positions at Hilti AG, both in Liechtenstein and the United States. He studied social and economic sciences at the University of Innsbruck (Austria) and has continued his professional education at Thunderbird School of Global Management (US), University of Zurich, and IMD Lausanne. Annuncio • Sep 26
Starragtornos Group AG Appoints Markus Jäger as the Member of the Executive Board, Effective October 1, 2024 The Board of Directors of StarragTornos Group AG appointed Markus Jäger as the member of the Executive Board of StarragTornos Group, effective October 1, 2024. Markus Jäger is an internationally experienced finance professional with long-standing expertise in stock-listed industrial companies. From 2019 to 2023, he was Rector and Executive Director of the University of Liechtenstein. Before that, he served in various finance management roles at VAT AG (2015 to 2019) and SFS Services AG (2008 to 2015) where he played a major role in the initial public offering process of both companies. From 2004 to 2007, Markus Jäger served as CFO at Briggs & Stratton AG and held various finance positions at Hilti AG, both in Liechtenstein and the United States. He studied social and economic sciences at the University of Innsbruck (Austria) and has continued his professional education at Thunderbird School of Global Management (US), University of Zurich, and IMD Lausanne. Board Change • Jun 10
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 6 non-independent directors. Director Till Fust was the last director to join the board, commencing their role in 2023. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Apr 24
No independent directors There are 5 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: No independent directors. 8 non-independent directors. Director Francois Frote was the last director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of board continuity. Board Change • Feb 26
No independent directors There are 5 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: No independent directors. 8 non-independent directors. Director Francois Frote was the last director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of board continuity. Board Change • Dec 15
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 5 non-independent directors. Director Bernhard Iseli was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Annuncio • Oct 28
Starrag Group Holding AG (SWX:STGN) entered into a merger agreement to acquire Tornos Holding AG (SWX:TOHN) for approximately CHF 100 million. Starrag Group Holding AG (SWX:STGN) entered into a merger agreement to acquire Tornos Holding AG (SWX:TOHN) for approximately CHF 100 million on October 25, 2023. Pursuant to transaction, 1 share of Tornos will be exchanged to 0.1059 Starrag shares. As a result of the merger, Starrag Group will absorb Tornos, registered shares of Tornos will be delisted and Starrag Group to be renamed StarragTornos Group Ltd. After the merger, the existing Starrag and Tornos shareholders will hold 61.5% and 38.5% of the combined group.
Michael Hauser intended to become Chairman and CEO of StarragTornos Group Ltd. The merger has been approved by the Boards of Directors of Starrag Group and Tornos. The transaction is subject to shareholders’ approval of Starrag and Tornos to vote on merger agreement the extraordinary general meetings to be held on November 29 and 30, 2023 respectively. The merger is expected to be completed on December 7, 2023. The new StarragTornos Group expects sales synergies in the range of CHF 10 to 15 million in the medium term as a result of the merger. The expected cost synergies, in particular from higher purchasing volumes, optimized infrastructure costs and efficiency gains in logistics and distribution, are estimated at CHF 5 to 10 million. The merger is expected to have a positive impact on profit from 2025 onwards.
Zürcher Kantonalbank acts as financial advisors on this transaction. IFBC AG provided fairness opinion to the board of Starrag Group and Tornos. Board Change • Sep 26
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 5 non-independent directors. Director Bernhard Iseli was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Annuncio • Aug 18
Starrag Group Holding AG to Report Q2, 2024 Results on Jul 25, 2024 Starrag Group Holding AG announced that they will report Q2, 2024 results on Jul 25, 2024 Reported Earnings • Jul 29
First half 2023 earnings released: EPS: CHF4.05 (vs CHF1.50 in 1H 2022) First half 2023 results: EPS: CHF4.05 (up from CHF1.50 in 1H 2022). Revenue: CHF199.9m (up 43% from 1H 2022). Net income: CHF13.6m (up 170% from 1H 2022). Profit margin: 6.8% (up from 3.6% in 1H 2022). Revenue is forecast to grow 3.5% p.a. on average during the next 3 years, compared to a 5.6% growth forecast for the Machinery industry in the United Kingdom. Board Change • Jul 27
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 5 non-independent directors. Director Bernhard Iseli was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Annuncio • May 31
Tornos Holding Explores Merger with Starrag Group Holding Tornos Holding AG (SWX:TOHN) said on May 30, 2023 that its board of directors has decided to evaluate a possible merger with Starrag Group Holding AG (SWX:STGN) to expand its market presence. The two companies are currently in talks which are at a very early stage. Tornos said it will inform in due course about the results of the evaluation of the merger project and about the next steps of negotiations with Starrag. The potential tie up would provide “significant synergies in all business areas” and would bring both partners a “greater market presence and stronger market penetration”. This would result in growth opportunities in all target markets, Tornos said. In case of a merger, Tornos and Starrag brands are to be retained. No job cuts would be planned in this context either. Board Change • May 09
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 5 non-independent directors. Director Bernhard Iseli was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Mar 24
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 5 non-independent directors. Director Bernhard Iseli was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Feb 22
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 5 non-independent directors. Director Bernhard Iseli was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Annuncio • Nov 16
Starrag Group Holding AG to Report First Half, 2023 Results on Jul 23, 2023 Starrag Group Holding AG announced that they will report first half, 2023 results on Jul 23, 2023 Reported Earnings • Mar 05
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: CHF1.61 loss per share (down from CHF0.19 loss in FY 2020). Revenue: CHF292.6m (down 1.5% from FY 2020). Net loss: CHF5.40m (loss widened CHF4.77m from FY 2020). Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 11%, compared to a 12% growth forecast for the industry in the United Kingdom. Board Change • Feb 24
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 3 highly experienced directors. No independent directors (5 non-independent directors). Chairman Michael Hauser was the last director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Board Change • Dec 13
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 3 highly experienced directors. No independent directors (5 non-independent directors). Chairman Michael Hauser was the last director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. 
