View ValuationThis company listing is no longer activeThis company may still be operating, however this listing is no longer active. Find out why through their latest events.See Latest EventsVarta 향후 성장Future 기준 점검 1/6Varta (는) 각각 연간 78.6% 및 4.3% 수익과 수익이 증가할 것으로 예상됩니다. EPS는 연간 78.9% 만큼 성장할 것으로 예상됩니다. 자기자본이익률은 3년 후 0.2% 로 예상됩니다.핵심 정보78.6%이익 성장률78.88%EPS 성장률Electrical 이익 성장8.1%매출 성장률4.3%향후 자기자본이익률0.17%애널리스트 커버리지Low마지막 업데이트05 Nov 2024최근 향후 성장 업데이트공고 • Jul 27Varta AG Revises Earnings Guidance for the Year 2023Varta AG revised earnings guidance for the year 2023. On the basis of preliminary figures, the company is revising its forecast for the 2023 financial year. The now expects sales at the lower end of the previous guidance of around EUR 820 million.모든 업데이트 보기Recent updates공고 • Jul 24Varta AG(XTRA:VAR1) dropped from S&P Global BMI IndexVarta AG(XTRA:VAR1) dropped from S&P Global BMI IndexNew Risk • Jul 24New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: CHF82.6m (US$92.6m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Minor Risks High level of debt (59% net debt to equity). Market cap is less than US$100m (CHF82.6m market cap, or US$92.6m).공고 • Jul 13Varta AG to Report Fiscal Year 2023 Final Results on Aug 16, 2024Varta AG announced that they will report fiscal year 2023 final results at 9:00 AM, Central European Standard Time on Aug 16, 2024공고 • May 11Varta AG(XTRA:VAR1) dropped from Germany SDAX (Total Return) IndexVarta AG has been dropped from Germany Small DAX (Total Return) Index (SDAX) .공고 • May 08+ 1 more updateVarta AG Announces CEO ChangesAt its meeting 6 May 2024, the Supervisory Board of VARTA AG appointed Michael Ostermann as a member of the Executive Board with effect from 6 May 2024. He will also become the new Chairman (CEO) of the Executive Board. The Supervisory Board and Dr. Markus Hackstein jointly agreed that Dr. Hackstein will relinquish his function as Spokesman of the Executive Board as of 6 May 2024. He will remain a member of the Executive Board of VARTA AG.공고 • Apr 23Varta AG to Report Fiscal Year 2023 Results on Jun 28, 2024Varta AG announced that they will report fiscal year 2023 results at 9:00 AM, Central European Standard Time on Jun 28, 2024New Risk • Nov 19New minor risk - Financial positionThe company has a high level of debt. Net debt to equity ratio: 59% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Minor Risks High level of debt (59% net debt to equity). Shareholders have been diluted in the past year (5.5% increase in shares outstanding).공고 • Nov 17+ 4 more updatesVarta AG, Annual General Meeting, May 23, 2024Varta AG, Annual General Meeting, May 23, 2024.Reported Earnings • Nov 16Third quarter 2023 earnings released: €0.13 loss per share (vs €0.57 loss in 3Q 2022)Third quarter 2023 results: €0.13 loss per share (improved from €0.57 loss in 3Q 2022). Revenue: €234.8m (up 20% from 3Q 2022). Net loss: €5.40m (loss narrowed 76% from 3Q 2022). Revenue is forecast to grow 9.1% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Electrical industry in Switzerland. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 128 percentage points per year, which is a significant difference in performance.Reported Earnings • Aug 13Second quarter 2023 earnings released: €1.70 loss per share (vs €0.08 loss in 2Q 2022)Second quarter 2023 results: €1.70 loss per share (further deteriorated from €0.08 loss in 2Q 2022). Revenue: €191.0m (down 2.0% from 2Q 2022). Net loss: €72.6m (loss widened €69.4m from 2Q 2022). Revenue is forecast to grow 8.3% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Electrical industry in Switzerland. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 117 percentage points per year, which is a significant difference in performance.공고 • Jul 27Varta AG Revises Earnings Guidance for the Year 2023Varta AG revised earnings guidance for the year 2023. On the basis of preliminary figures, the company is revising its forecast for the 2023 financial year. The now expects sales at the lower end of the previous guidance of around EUR 820 million.New Risk • Jul 08New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 5.5% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (currently running at an operating cash loss). Minor Risk Shareholders have been diluted in the past year (5.5% increase in shares outstanding).Reported Earnings • May 01Full year 2022 earnings released: €4.96 loss per share (vs €3.12 profit in FY 2021)Full year 2022 results: €4.96 loss per share (down from €3.12 profit in FY 2021). Revenue: €896.5m (down 1.7% from FY 2021). Net loss: €200.4m (down 259% from profit in FY 2021). Revenue is forecast to grow 5.7% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Electrical industry in Switzerland. Over the last 3 years on average, earnings per share has fallen by 36% per year but the company’s share price has increased by 27% per year, which means it is well ahead of earnings.Reported Earnings • Nov 17Third quarter 2022 earnings released: €0.57 loss per share (vs €0.74 profit in 3Q 2021)Third quarter 2022 results: €0.57 loss per share (down from €0.74 profit in 3Q 2021). Revenue: €256.6m (up 14% from 3Q 2021). Net loss: €22.9m (down 176% from profit in 3Q 2021). Revenue is forecast to grow 7.6% p.a. on average during the next 3 years, compared to a 6.7% growth forecast for the Electrical industry in Europe. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 50% per year, which means it is tracking significantly ahead of earnings growth.Upcoming Dividend • Jun 15Upcoming dividend of €2.48 per shareEligible shareholders must have bought the stock before 22 June 2022. Payment date: 24 June 2022. Payout ratio is on the higher end at 93% but the company is not cash flow positive. Trailing yield: 3.0%. Lower than top quartile of Swiss dividend payers (4.1%). Higher than average of industry peers (2.2%).Reported Earnings • May 18First quarter 2022 earnings releasedFirst quarter 2022 results: Revenue: €208.3m (up 1.6% from 1Q 2021). Net income: €6.03m (down 75% from 1Q 2021). Profit margin: 2.9% (down from 12% in 1Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 11%, compared to a 16% growth forecast for the industry in Switzerland.Reported Earnings • Apr 02Full year 2021 earnings released: EPS: €3.12 (vs €2.36 in FY 2020)Full year 2021 results: EPS: €3.12 (up from €2.36 in FY 2020). Revenue: €984.3m (up 13% from FY 2020). Net income: €126.0m (up 32% from FY 2020). Profit margin: 13% (up from 11% in FY 2020). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to stay flat compared to a 17% growth forecast for the industry in Switzerland. Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has increased by 64% per year, which means it is tracking significantly ahead of earnings growth.Reported Earnings • Nov 12Third quarter 2021 earnings releasedThe company reported a soft third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: €267.5m (up 11% from 3Q 2020). Net income: €30.3m (down 21% from 3Q 2020). Profit margin: 11% (down from 16% in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 52% per year but the company’s share price has increased by 86% per year, which means it is tracking significantly ahead of earnings growth.Valuation Update With 7 Day Price Move • Oct 05Investor sentiment improved over the past weekAfter last week's 17% share price gain to CHF200, the stock trades at a forward P/E ratio of 29x. Average forward P/E is 21x in the Electrical industry in Europe. Total returns to shareholders of 544% over the past three years.Reported Earnings • Aug 14Second quarter 2021 earnings released: EPS €0.53 (vs €0.38 in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: €215.8m (up 11% from 2Q 2020). Net income: €21.2m (up 39% from 2Q 2020). Profit margin: 9.8% (up from 7.9% in 2Q 2020). Over the last 3 years on average, earnings per share has increased by 53% per year but the company’s share price has increased by 87% per year, which means it is tracking significantly ahead of earnings growth.Reported Earnings • May 15First quarter 2021 earnings releasedThe company reported a mediocre first quarter result with weaker profit margins, although earnings were flat and revenues improved. First quarter 2021 results: Revenue: €215.4m (up 7.9% from 1Q 2020). Net income: €24.3m (flat on 1Q 2020). Profit margin: 11% (down from 12% in 1Q 2020).Reported Earnings • Apr 04Full year 2020 earnings released: EPS €2.36 (vs €1.28 in FY 2019)The company reported a solid full year result with improved earnings and revenues, although profit margins were weaker. Full year 2020 results: Revenue: €874.6m (up 138% from FY 2019). Net income: €95.4m (up 89% from FY 2019). Profit margin: 11% (down from 14% in FY 2019). Over the last 3 years on average, earnings per share has increased by 65% per year but the company’s share price has increased by 92% per year, which means it is tracking significantly ahead of earnings growth.Is New 90 Day High Low • Feb 11New 90-day high: CHF162The company is up 54% from its price of CHF105 on 13 November 2020. The Swiss market is up 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electrical industry, which is up 5.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CHF178 per share.Is New 90 Day High Low • Jan 14New 90-day high: CHF116The company is up 11% from its price of CHF105 on 16 October 2020. The Swiss market is up 6.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electrical industry, which is up 10.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CHF159 per share.Analyst Estimate Surprise Post Earnings • Nov 13Revenue beats expectationsRevenue exceeded analyst estimates by 9.5%. Over the next year, revenue is forecast to grow 37%, compared to a 8.4% growth forecast for the Electrical industry in Switzerland.이익 및 매출 성장 예측BRSE:VAR1 - 애널리스트 향후 추정치 및 과거 재무 데이터 (EUR Millions)날짜매출이익자유현금흐름영업현금흐름평균 애널리스트 수12/31/2026935520104212/31/2025903-301982312/31/2024836-67-4143312/31/2023821-99-1157839/30/2023830-296-3570N/A6/30/2023805-314-9920N/A3/31/2023819-244-202-68N/A12/31/2022836-200-12020N/A9/30/202287730-5295N/A6/30/202290683-54126N/A3/31/2022905108-30151N/A12/31/2021922126-70125N/A9/30/202186593-37571N/A6/30/2021880101-145123N/A3/31/202188095-87195N/A12/31/202087595-74233N/A9/30/202075596154194N/A6/30/202060071-40165N/A3/31/202049066-43128N/A12/31/201936750-1106N/A9/30/20193213814105N/A6/30/2019303322086N/A3/31/2019286272781N/A12/31/201827625970N/A9/30/201826415-2521N/A6/30/201825715-2314N/A3/31/201825117-1617N/A12/31/201724613122N/A9/30/201723918437N/A12/31/20162179N/A24N/A더 보기애널리스트 향후 성장 전망수입 대 저축률: VAR1 향후 3년 동안 수익성이 없을 것으로 예상됩니다.수익 vs 시장: VAR1 향후 3년 동안 수익성이 없을 것으로 예상됩니다.고성장 수익: VAR1 향후 3년 동안 수익성이 없을 것으로 예상됩니다.수익 대 시장: VAR1 의 수익(연간 4.3%)이 Swiss 시장(연간 5.1%)보다 빠르게 성장할 것으로 예상됩니다.고성장 매출: VAR1 의 수익(연간 4.3%)은 연간 20%보다 느리게 증가할 것으로 예상됩니다.주당순이익 성장 예측향후 자기자본이익률미래 ROE: VAR1의 자본 수익률은 3년 후 0.2%로 낮을 것으로 예상됩니다.성장 기업 찾아보기7D1Y7D1Y7D1YCapital-goods 산업의 고성장 기업.View Past Performance기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2024/11/20 11:59종가2024/08/23 00:00수익2023/09/30연간 수익2022/12/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델의 세부 정보는 당사의 GitHub 페이지에서 확인하실 수 있습니다. 또한 보고서 사용 방법에 대한 가이드와 YouTube 튜토리얼도 제공하고 있습니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스Varta AG는 6명의 분석가가 다루고 있습니다. 이 중 3명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Christopher FerraraBofA Global ResearchGeorge Galliers-PrattGoldman SachsPhilipp KoenigGoldman Sachs3명의 분석가 더 보기
공고 • Jul 27Varta AG Revises Earnings Guidance for the Year 2023Varta AG revised earnings guidance for the year 2023. On the basis of preliminary figures, the company is revising its forecast for the 2023 financial year. The now expects sales at the lower end of the previous guidance of around EUR 820 million.
공고 • Jul 24Varta AG(XTRA:VAR1) dropped from S&P Global BMI IndexVarta AG(XTRA:VAR1) dropped from S&P Global BMI Index
New Risk • Jul 24New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: CHF82.6m (US$92.6m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Minor Risks High level of debt (59% net debt to equity). Market cap is less than US$100m (CHF82.6m market cap, or US$92.6m).
공고 • Jul 13Varta AG to Report Fiscal Year 2023 Final Results on Aug 16, 2024Varta AG announced that they will report fiscal year 2023 final results at 9:00 AM, Central European Standard Time on Aug 16, 2024
공고 • May 11Varta AG(XTRA:VAR1) dropped from Germany SDAX (Total Return) IndexVarta AG has been dropped from Germany Small DAX (Total Return) Index (SDAX) .
공고 • May 08+ 1 more updateVarta AG Announces CEO ChangesAt its meeting 6 May 2024, the Supervisory Board of VARTA AG appointed Michael Ostermann as a member of the Executive Board with effect from 6 May 2024. He will also become the new Chairman (CEO) of the Executive Board. The Supervisory Board and Dr. Markus Hackstein jointly agreed that Dr. Hackstein will relinquish his function as Spokesman of the Executive Board as of 6 May 2024. He will remain a member of the Executive Board of VARTA AG.
공고 • Apr 23Varta AG to Report Fiscal Year 2023 Results on Jun 28, 2024Varta AG announced that they will report fiscal year 2023 results at 9:00 AM, Central European Standard Time on Jun 28, 2024
New Risk • Nov 19New minor risk - Financial positionThe company has a high level of debt. Net debt to equity ratio: 59% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Minor Risks High level of debt (59% net debt to equity). Shareholders have been diluted in the past year (5.5% increase in shares outstanding).
공고 • Nov 17+ 4 more updatesVarta AG, Annual General Meeting, May 23, 2024Varta AG, Annual General Meeting, May 23, 2024.
Reported Earnings • Nov 16Third quarter 2023 earnings released: €0.13 loss per share (vs €0.57 loss in 3Q 2022)Third quarter 2023 results: €0.13 loss per share (improved from €0.57 loss in 3Q 2022). Revenue: €234.8m (up 20% from 3Q 2022). Net loss: €5.40m (loss narrowed 76% from 3Q 2022). Revenue is forecast to grow 9.1% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Electrical industry in Switzerland. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 128 percentage points per year, which is a significant difference in performance.
Reported Earnings • Aug 13Second quarter 2023 earnings released: €1.70 loss per share (vs €0.08 loss in 2Q 2022)Second quarter 2023 results: €1.70 loss per share (further deteriorated from €0.08 loss in 2Q 2022). Revenue: €191.0m (down 2.0% from 2Q 2022). Net loss: €72.6m (loss widened €69.4m from 2Q 2022). Revenue is forecast to grow 8.3% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Electrical industry in Switzerland. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 117 percentage points per year, which is a significant difference in performance.
공고 • Jul 27Varta AG Revises Earnings Guidance for the Year 2023Varta AG revised earnings guidance for the year 2023. On the basis of preliminary figures, the company is revising its forecast for the 2023 financial year. The now expects sales at the lower end of the previous guidance of around EUR 820 million.
New Risk • Jul 08New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 5.5% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (currently running at an operating cash loss). Minor Risk Shareholders have been diluted in the past year (5.5% increase in shares outstanding).
Reported Earnings • May 01Full year 2022 earnings released: €4.96 loss per share (vs €3.12 profit in FY 2021)Full year 2022 results: €4.96 loss per share (down from €3.12 profit in FY 2021). Revenue: €896.5m (down 1.7% from FY 2021). Net loss: €200.4m (down 259% from profit in FY 2021). Revenue is forecast to grow 5.7% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Electrical industry in Switzerland. Over the last 3 years on average, earnings per share has fallen by 36% per year but the company’s share price has increased by 27% per year, which means it is well ahead of earnings.
Reported Earnings • Nov 17Third quarter 2022 earnings released: €0.57 loss per share (vs €0.74 profit in 3Q 2021)Third quarter 2022 results: €0.57 loss per share (down from €0.74 profit in 3Q 2021). Revenue: €256.6m (up 14% from 3Q 2021). Net loss: €22.9m (down 176% from profit in 3Q 2021). Revenue is forecast to grow 7.6% p.a. on average during the next 3 years, compared to a 6.7% growth forecast for the Electrical industry in Europe. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 50% per year, which means it is tracking significantly ahead of earnings growth.
Upcoming Dividend • Jun 15Upcoming dividend of €2.48 per shareEligible shareholders must have bought the stock before 22 June 2022. Payment date: 24 June 2022. Payout ratio is on the higher end at 93% but the company is not cash flow positive. Trailing yield: 3.0%. Lower than top quartile of Swiss dividend payers (4.1%). Higher than average of industry peers (2.2%).
Reported Earnings • May 18First quarter 2022 earnings releasedFirst quarter 2022 results: Revenue: €208.3m (up 1.6% from 1Q 2021). Net income: €6.03m (down 75% from 1Q 2021). Profit margin: 2.9% (down from 12% in 1Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 11%, compared to a 16% growth forecast for the industry in Switzerland.
Reported Earnings • Apr 02Full year 2021 earnings released: EPS: €3.12 (vs €2.36 in FY 2020)Full year 2021 results: EPS: €3.12 (up from €2.36 in FY 2020). Revenue: €984.3m (up 13% from FY 2020). Net income: €126.0m (up 32% from FY 2020). Profit margin: 13% (up from 11% in FY 2020). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to stay flat compared to a 17% growth forecast for the industry in Switzerland. Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has increased by 64% per year, which means it is tracking significantly ahead of earnings growth.
Reported Earnings • Nov 12Third quarter 2021 earnings releasedThe company reported a soft third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: €267.5m (up 11% from 3Q 2020). Net income: €30.3m (down 21% from 3Q 2020). Profit margin: 11% (down from 16% in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 52% per year but the company’s share price has increased by 86% per year, which means it is tracking significantly ahead of earnings growth.
Valuation Update With 7 Day Price Move • Oct 05Investor sentiment improved over the past weekAfter last week's 17% share price gain to CHF200, the stock trades at a forward P/E ratio of 29x. Average forward P/E is 21x in the Electrical industry in Europe. Total returns to shareholders of 544% over the past three years.
Reported Earnings • Aug 14Second quarter 2021 earnings released: EPS €0.53 (vs €0.38 in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: €215.8m (up 11% from 2Q 2020). Net income: €21.2m (up 39% from 2Q 2020). Profit margin: 9.8% (up from 7.9% in 2Q 2020). Over the last 3 years on average, earnings per share has increased by 53% per year but the company’s share price has increased by 87% per year, which means it is tracking significantly ahead of earnings growth.
Reported Earnings • May 15First quarter 2021 earnings releasedThe company reported a mediocre first quarter result with weaker profit margins, although earnings were flat and revenues improved. First quarter 2021 results: Revenue: €215.4m (up 7.9% from 1Q 2020). Net income: €24.3m (flat on 1Q 2020). Profit margin: 11% (down from 12% in 1Q 2020).
Reported Earnings • Apr 04Full year 2020 earnings released: EPS €2.36 (vs €1.28 in FY 2019)The company reported a solid full year result with improved earnings and revenues, although profit margins were weaker. Full year 2020 results: Revenue: €874.6m (up 138% from FY 2019). Net income: €95.4m (up 89% from FY 2019). Profit margin: 11% (down from 14% in FY 2019). Over the last 3 years on average, earnings per share has increased by 65% per year but the company’s share price has increased by 92% per year, which means it is tracking significantly ahead of earnings growth.
Is New 90 Day High Low • Feb 11New 90-day high: CHF162The company is up 54% from its price of CHF105 on 13 November 2020. The Swiss market is up 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electrical industry, which is up 5.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CHF178 per share.
Is New 90 Day High Low • Jan 14New 90-day high: CHF116The company is up 11% from its price of CHF105 on 16 October 2020. The Swiss market is up 6.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electrical industry, which is up 10.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CHF159 per share.
Analyst Estimate Surprise Post Earnings • Nov 13Revenue beats expectationsRevenue exceeded analyst estimates by 9.5%. Over the next year, revenue is forecast to grow 37%, compared to a 8.4% growth forecast for the Electrical industry in Switzerland.