ALSO Holding AG (VTX:ALSN) Might Not Be As Mispriced As It Looks
May 22
Swiss (SMI) Electronic Equipment and Components Industry Analysis
UpdatedMay 23, 2024
DataAggregated Company Financials
Companies11
- 7D3.0%
- 3M4.6%
- 1Y18.5%
- YTD6.7%
ALSO Holding is up 3.2%, leading the way for the Electronic Equipment and Components industry, which has gained 3.3%. This takes the industry's 12 month performance to a gain of 14%. As for the next few years, earnings are expected to grow by 26% per annum.
Industry Valuation and Performance
Has the Swiss Electronic Equipment and Components Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 23 May 2024 | CHF17.6b | CHF15.7b | CHF419.8m | 26.1x | 42x | 1.1x |
| Sat, 20 Apr 2024 | CHF15.7b | CHF15.4b | CHF374.6m | 30x | 42x | 1x |
| Mon, 18 Mar 2024 | CHF16.6b | CHF15.2b | CHF369.0m | 34x | 45x | 1.1x |
| Wed, 14 Feb 2024 | CHF17.2b | CHF16.1b | CHF469.7m | 34x | 36.6x | 1.1x |
| Fri, 12 Jan 2024 | CHF17.0b | CHF15.8b | CHF487.4m | 30.7x | 34.8x | 1.1x |
| Sun, 10 Dec 2023 | CHF17.1b | CHF16.2b | CHF499.6m | 33.2x | 34.2x | 1.1x |
| Tue, 07 Nov 2023 | CHF15.8b | CHF16.4b | CHF500.8m | 25.8x | 31.5x | 1x |
| Thu, 05 Oct 2023 | CHF16.2b | CHF16.2b | CHF636.7m | 27x | 25.5x | 1x |
| Sat, 02 Sep 2023 | CHF16.2b | CHF16.1b | CHF623.4m | 28x | 26x | 1x |
| Mon, 31 Jul 2023 | CHF16.3b | CHF16.1b | CHF565.1m | 18.3x | 28.9x | 1x |
| Wed, 28 Jun 2023 | CHF16.2b | CHF17.0b | CHF591.6m | 22.3x | 27.4x | 1x |
| Fri, 26 May 2023 | CHF15.1b | CHF17.0b | CHF589.2m | 22.3x | 25.6x | 0.9x |
| Sun, 23 Apr 2023 | CHF14.9b | CHF16.8b | CHF596.9m | 22.3x | 24.9x | 0.9x |
| Tue, 21 Mar 2023 | CHF14.7b | CHF17.0b | CHF611.3m | 23x | 24.1x | 0.9x |
| Thu, 16 Feb 2023 | CHF15.7b | CHF17.7b | CHF691.5m | 29.3x | 22.8x | 0.9x |
| Sat, 14 Jan 2023 | CHF15.0b | CHF17.9b | CHF694.0m | 27.6x | 21.7x | 0.8x |
| Mon, 12 Dec 2022 | CHF14.3b | CHF17.7b | CHF692.1m | 25.5x | 20.6x | 0.8x |
| Wed, 09 Nov 2022 | CHF13.0b | CHF17.9b | CHF695.4m | 22.6x | 18.7x | 0.7x |
| Fri, 07 Oct 2022 | CHF12.2b | CHF17.6b | CHF539.0m | 21.9x | 22.6x | 0.7x |
| Sun, 04 Sep 2022 | CHF12.5b | CHF17.8b | CHF539.5m | 21.4x | 23.2x | 0.7x |
| Tue, 02 Aug 2022 | CHF14.0b | CHF17.5b | CHF651.3m | 21.6x | 21.6x | 0.8x |
| Thu, 30 Jun 2022 | CHF13.2b | CHF17.8b | CHF661.3m | 20.6x | 19.9x | 0.7x |
| Sat, 28 May 2022 | CHF14.3b | CHF18.1b | CHF671.1m | 21.4x | 21.4x | 0.8x |
| Mon, 25 Apr 2022 | CHF16.0b | CHF18.1b | CHF258.8m | 23.6x | 62x | 0.9x |
| Wed, 23 Mar 2022 | CHF17.3b | CHF18.0b | CHF264.3m | 23.1x | 65.4x | 1x |
| Fri, 18 Feb 2022 | CHF17.3b | CHF25.3b | CHF244.1m | 24.3x | 70.8x | 0.7x |
| Sun, 16 Jan 2022 | CHF18.4b | CHF25.3b | CHF239.7m | 24.7x | 76.6x | 0.7x |
| Tue, 14 Dec 2021 | CHF19.2b | CHF25.3b | CHF237.0m | 26.7x | 81.2x | 0.8x |
| Thu, 11 Nov 2021 | CHF20.3b | CHF25.4b | CHF247.2m | 28.4x | 81.9x | 0.8x |
| Sat, 09 Oct 2021 | CHF18.9b | CHF25.6b | CHF206.5m | 27.1x | 91.3x | 0.7x |
| Mon, 06 Sep 2021 | CHF21.5b | CHF25.9b | CHF203.9m | 28.4x | 105.3x | 0.8x |
| Wed, 04 Aug 2021 | CHF19.6b | CHF25.9b | CHF203.9m | 26.5x | 95.9x | 0.8x |
Price to Earnings Ratio
109.6x
Current Industry PE
- Investors are pessimistic on the Swiss Electronic industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading at a PE ratio of 41.3x which is lower than its 3-year average PE of 45.2x.
- The 3-year average PS ratio of 0.87x is lower than the industry's current PS ratio of 1.1x.
Past Earnings Growth
- The earnings for companies in the Electronic industry have grown 37% per year over the last three years.
- Meanwhile revenues for these companies have declined 15% per year.
- This means that less sales are being generated overall, but since cost of doing business is lower, profits have been increasing.
Industry Trends
Which industries have driven the changes within the Swiss Tech industry?
| CH Market | 0.37% | |
| Tech | 4.21% | |
| Electronic Equipment and Components | 3.00% | |
| Electronic Equipment and Instruments | 3.14% | |
| Technology Distributors | 2.79% | |
| Electronic Components | 0% | |
| Electronic Manufacturing Services | -0.40% | |
Industry PE
- Investors are most optimistic about the Electronic Equipment and Instruments industry which is trading above its 3-year average PE ratio.
- Analysts are expecting annual earnings growth of 26.1%, which is higher than its past year's earnings growth of 10.7% per year.
- Investors are most pessimistic about the Electronic Manufacturing Services industry, which is trading close to its 3-year average of 28.3x.
Forecasted Growth
- Analysts are most optimistic on the Electronic Manufacturing Services industry, expecting annual earnings growth of 31% over the next 5 years.
- However this is lower than its past earnings growth rate of 59% per year.
- In contrast, the Technology Distributors industry is expected to see its earnings grow by 25% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| COTN Comet Holding | CHF340.00 | 8.1% +CHF198.2m | 50.6% | PE171.7x | |
| ALSN ALSO Holding | CHF246.00 | 4.7% +CHF134.8m | 34.7% | PE24.6x | |
| IFCN INFICON Holding | CHF1.42k | 2.6% +CHF88.0m | 54.9% | PE35.9x | |
| SENS Sensirion Holding | CHF74.40 | 3.5% +CHF39.0m | -17.4% | PS5x | |
| LAND Landis+Gyr Group | CHF73.80 | 1.4% +CHF28.9m | -9.9% | PE21.2x |
