New Risk • Jul 28
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 6.3% 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 Paying a dividend despite being loss-making. Share price has been volatile over the past 3 months (6.3% average weekly change). Reported Earnings • Jul 28
First half 2026 earnings released: EPS: CHF11.60 (vs CHF9.10 in 1H 2025) First half 2026 results: EPS: CHF11.60 (up from CHF9.10 in 1H 2025). Revenue: CHF450.3m (down 8.8% from 1H 2025). Net income: CHF16.7m (up 28% from 1H 2025). Profit margin: 3.7% (up from 2.7% in 1H 2025). Revenue is forecast to stay flat during the next 3 years compared to a 6.0% growth forecast for the Building industry in Switzerland. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 60 percentage points per year, which is a significant difference in performance. Price Target Changed • Jul 28
Price target increased by 7.6% to CHF333 Up from CHF309, the current price target is an average from 4 analysts. New target price is approximately in line with last closing price of CHF349. Stock is down 8.8% over the past year. The company is forecast to post earnings per share of CHF19.32 next year compared to a net loss per share of CHF6.43 last year. Upcoming Dividend • Apr 06
Upcoming dividend of CHF15.00 per share Eligible shareholders must have bought the stock before 13 April 2026. Payment date: 15 April 2026. The company is not currently making a profit but it is cash flow positive. Trailing yield: 5.3%. Within top quartile of Swiss dividend payers (3.6%). Higher than average of industry peers (2.3%). Aankondiging • Mar 20
Schweiter Technologies AG, Annual General Meeting, Apr 09, 2026 Schweiter Technologies AG, Annual General Meeting, Apr 09, 2026, at 10:30 W. Europe Standard Time. Reported Earnings • Mar 03
Full year 2025 earnings released: CHF6.40 loss per share (vs CHF9.29 profit in FY 2024) Full year 2025 results: CHF6.40 loss per share (down from CHF9.29 profit in FY 2024). Revenue: CHF904.4m (down 11% from FY 2024). Net loss: CHF9.20m (down 169% from profit in FY 2024). Revenue is forecast to grow 1.5% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the Building industry in Switzerland. Over the last 3 years on average, earnings per share has fallen by 52% per year but the company’s share price has only fallen by 31% per year, which means it has not declined as severely as earnings. Declared Dividend • Mar 02
Dividend of CHF15.00 announced Dividend of CHF15.00 is the same as last year. Ex-date: 13th April 2026 Payment date: 15th April 2026 Dividend yield will be 5.7%, which is higher than the industry average of 2.5%. Sustainability & Growth Dividend is not covered by earnings (365% earnings payout ratio). However, it is well covered by cash flows (41% 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 305% to bring the payout ratio under control. EPS is expected to grow by 206% over the next 3 years, which means the dividend may need to be reduced to reach a sustainable payout ratio. Major Estimate Revision • Feb 05
Consensus EPS estimates fall by 17% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from CHF927.4m to CHF913.4m. EPS estimate also fell from CHF15.50 per share to CHF12.83 per share. Net income forecast to grow 259% next year vs 17% growth forecast for Building industry in Switzerland. Consensus price target down from CHF458 to CHF383. Share price rose 5.4% to CHF265 over the past week. Major Estimate Revision • Dec 18
Consensus EPS estimates increase by 58%, revenue downgraded The consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast fell from CHF959.8m to CHF938.5m. EPS estimate rose from CHF12.61 to CHF19.91. Net income forecast to grow 402% next year vs 18% growth forecast for Building industry in Switzerland. Consensus price target of CHF517 unchanged from last update. Share price was steady at CHF275 over the past week. New Risk • Dec 15
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 5.0% 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 (365% payout ratio). Share price has been volatile over the past 3 months (5.0% average weekly change). Profit margins are more than 30% lower than last year (0.6% net profit margin). Major Estimate Revision • Sep 16
Consensus EPS estimates increase by 30% The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate increased from CHF9.92 to CHF12.94. Revenue forecast steady at CHF959.8m. Net income forecast to grow 498% next year vs 17% growth forecast for Building industry in Switzerland. Consensus price target down from CHF542 to CHF527. Share price fell 3.2% to CHF305 over the past week. Major Estimate Revision • Aug 20
Consensus EPS estimates fall by 11% The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate fell from CHF18.97 to CHF16.79. Revenue forecast unchanged from CHF967.7m at last update. Net income forecast to grow 528% next year vs 25% growth forecast for Building industry in Switzerland. Consensus price target of CHF542 unchanged from last update. Share price fell 2.7% to CHF330 over the past week. Reported Earnings • Jul 29
First half 2025 earnings released: EPS: CHF9.10 (vs CHF14.20 in 1H 2024) First half 2025 results: EPS: CHF9.10 (down from CHF14.20 in 1H 2024). Revenue: CHF493.7m (down 6.5% from 1H 2024). Net income: CHF13.1m (down 36% from 1H 2024). Profit margin: 2.7% (down from 3.9% in 1H 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 2.4% p.a. on average during the next 3 years, compared to a 6.4% growth forecast for the Building industry in Switzerland. Over the last 3 years on average, earnings per share has fallen by 45% per year but the company’s share price has only fallen by 28% per year, which means it has not declined as severely as earnings. Major Estimate Revision • Jul 21
Consensus EPS estimates fall by 15% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from CHF1.00b to CHF990.0m. EPS estimate also fell from CHF25.74 per share to CHF21.85 per share. Net income forecast to grow 122% next year vs 25% growth forecast for Building industry in Switzerland. Consensus price target of CHF547 unchanged from last update. Share price was steady at CHF407 over the past week. Valuation Update With 7 Day Price Move • Apr 04
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to CHF347, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 20x in the Building industry in Switzerland. Total loss to shareholders of 64% over the past three years. Upcoming Dividend • Apr 04
Upcoming dividend of CHF15.00 per share Eligible shareholders must have bought the stock before 11 April 2025. Payment date: 15 April 2025. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 4.3%. Within top quartile of Swiss dividend payers (4.1%). Higher than average of industry peers (2.2%). Declared Dividend • Mar 03
Dividend of CHF15.00 announced Dividend of CHF15.00 is the same as last year. Ex-date: 11th April 2025 Payment date: 15th April 2025 Dividend yield will be 3.4%, which is higher than the industry average of 2.5%. Sustainability & Growth Dividend is not covered by earnings (161% earnings payout ratio). However, it is well covered by cash flows (33% 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 79% to bring the payout ratio under control. EPS is expected to grow by 137% over the next 3 years, which is sufficient to bring the dividend into a sustainable range. Aankondiging • Mar 01
Schweiter Technologies AG announces Annual dividend, payable on April 15, 2025 Schweiter Technologies AG announced Annual dividend of CHF 15.0000 per share payable on April 15, 2025, ex-date on April 11, 2025 and record date on April 14, 2025. New Risk • Feb 23
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 4.6% 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 Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (4.6% average weekly change). Major Estimate Revision • Feb 20
Consensus EPS estimates fall by 12% The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from CHF14.24 to CHF12.51 per share. Revenue forecast steady at CHF1.01b. Net income forecast to shrink 20% next year vs 12% growth forecast for Building industry in Switzerland . Consensus price target of CHF562 unchanged from last update. Share price was steady at CHF468 over the past week. Major Estimate Revision • Feb 10
Consensus EPS estimates fall by 14% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from CHF1.05b to CHF1.02b. EPS estimate also fell from CHF16.64 per share to CHF14.24 per share. Net income forecast to shrink 14% next year vs 12% growth forecast for Building industry in Switzerland . Consensus price target broadly unchanged at CHF562. Share price fell 2.1% to CHF434 over the past week. Buy Or Sell Opportunity • Jan 27
Now 21% undervalued Over the last 90 days, the stock has risen 14% to CHF462. The fair value is estimated to be CHF583, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 6.5% over the last 3 years. Earnings per share has declined by 57%. Revenue is forecast to grow by 3.8% in 2 years. Earnings are forecast to grow by 35% in the next 2 years. Major Estimate Revision • Sep 27
Consensus EPS estimates fall by 20% The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from CHF22.50 to CHF18.05. Revenue forecast unchanged from CHF1.06b at last update. Net income forecast to grow 5.3% next year vs 24% growth forecast for Building industry in Switzerland. Consensus price target down from CHF534 to CHF516. Share price rose 15% to CHF431 over the past week. New Risk • Sep 26
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 4.7% 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 Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (4.7% average weekly change). Price Target Changed • Sep 20
Price target decreased by 11% to CHF507 Down from CHF569, the current price target is an average from 5 analysts. New target price is 31% above last closing price of CHF386. Stock is down 34% over the past year. The company is forecast to post earnings per share of CHF22.44 for next year compared to CHF19.28 last year. Reported Earnings • Aug 18
First half 2024 earnings released: EPS: CHF14.20 (vs CHF8.30 in 1H 2023) First half 2024 results: EPS: CHF14.20 (up from CHF8.30 in 1H 2023). Revenue: CHF527.8m (down 5.7% from 1H 2023). Net income: CHF20.5m (up 72% from 1H 2023). Profit margin: 3.9% (up from 2.1% in 1H 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 2.7% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Building industry in Switzerland. Over the last 3 years on average, earnings per share has fallen by 57% per year but the company’s share price has only fallen by 34% per year, which means it has not declined as severely as earnings. Board Change • May 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. 4 experienced directors. 3 highly experienced directors. Independent Director Stephan Widrig was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Aankondiging • Apr 11
Schweiter Technologies AG Approves Dividend, Payable on 16 April 2024 Schweiter Technologies AG at its Annual General Meeting held on April 10, 2024, Board of Directors approved dividend payout of CHF 15 per registered share was agreed. Disbursement will take place on 16 April 2024. Upcoming Dividend • Apr 05
Upcoming dividend of CHF15.00 per share Eligible shareholders must have bought the stock before 12 April 2024. Payment date: 16 April 2024. Payout ratio is on the higher end at 78%, however this is supported by cash flows. Trailing yield: 3.1%. Lower than top quartile of Swiss dividend payers (3.9%). Higher than average of industry peers (2.3%). Major Estimate Revision • Mar 17
Consensus EPS estimates fall by 14% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from CHF1.15b to CHF1.11b. EPS estimate also fell from CHF29.74 per share to CHF25.52 per share. Net income forecast to grow 41% next year vs 2.4% growth forecast for Building industry in Switzerland. Consensus price target down from CHF624 to CHF598. Share price rose 8.3% to CHF496 over the past week. Declared Dividend • Mar 10
Dividend of CHF15.00 announced Shareholders will receive a dividend of CHF15.00. Ex-date: 12th April 2024 Payment date: 16th April 2024 Dividend yield will be 3.3%, which is higher than the industry average of 2.5%. Sustainability & Growth Dividend is not covered by earnings (209% earnings payout ratio). However, it is covered by cash flows (86% 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 133% to bring the payout ratio under control. EPS is expected to grow by 5.2% over the next 3 years, which means the dividend may need to be reduced to reach a sustainable payout ratio. Reported Earnings • Mar 07
Full year 2023 earnings: Revenues miss analyst expectations Full year 2023 results: Revenue: CHF1.07b (down 11% from FY 2022). Net income: CHF27.6m (down 5.2% from FY 2022). Profit margin: 2.6% (up from 2.4% in FY 2022). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 3.7%. Revenue is forecast to grow 6.4% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Building industry in Switzerland. Price Target Changed • Feb 27
Price target decreased by 12% to CHF658 Down from CHF751, the current price target is an average from 6 analysts. New target price is 50% above last closing price of CHF438. Stock is down 45% over the past year. The company is forecast to post earnings per share of CHF20.50 for next year compared to CHF20.32 last year. Price Target Changed • Nov 09
Price target decreased by 7.1% to CHF733 Down from CHF788, the current price target is an average from 6 analysts. New target price is 41% above last closing price of CHF518. Stock is down 29% over the past year. The company is forecast to post earnings per share of CHF22.22 for next year compared to CHF20.32 last year. Reported Earnings • Aug 20
First half 2023 earnings released: EPS: CHF8.30 (vs CHF19.10 in 1H 2022) First half 2023 results: EPS: CHF8.30 (down from CHF19.10 in 1H 2022). Revenue: CHF559.5m (down 14% from 1H 2022). Net income: CHF11.9m (down 56% from 1H 2022). Profit margin: 2.1% (down from 4.2% in 1H 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 4.4% p.a. on average during the next 3 years, compared to a 3.4% growth forecast for the Building industry in Switzerland. Over the last 3 years on average, earnings per share has fallen by 38% per year but the company’s share price has only fallen by 22% per year, which means it has not declined as severely as earnings. Aankondiging • Aug 19
Schweiter Technologies AG to Report First Half, 2023 Results on Aug 17, 2023 Schweiter Technologies AG announced that they will report first half, 2023 results on Aug 17, 2023 Major Estimate Revision • Aug 17
Consensus EPS estimates fall by 32% The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from CHF1.19b to CHF1.12b. EPS estimate also fell from CHF31.18 per share to CHF21.09 per share. Net income forecast to grow 51% next year vs 21% growth forecast for Building industry in Switzerland. Consensus price target broadly unchanged at CHF800. Share price fell 5.3% to CHF629 over the past week. Price Target Changed • Jun 23
Price target decreased by 7.1% to CHF796 Down from CHF857, the current price target is an average from 7 analysts. New target price is 21% above last closing price of CHF660. Stock is down 26% over the past year. The company is forecast to post earnings per share of CHF31.26 for next year compared to CHF20.32 last year. Upcoming Dividend • Mar 30
Upcoming dividend of CHF20.00 per share at 3.0% yield Eligible shareholders must have bought the stock before 06 April 2023. Payment date: 12 April 2023. Payout ratio is on the higher end at 98% but the company is not cash flow positive. Trailing yield: 3.0%. Lower than top quartile of Swiss dividend payers (4.3%). Higher than average of industry peers (2.4%). Major Estimate Revision • Mar 10
Consensus EPS estimates fall by 16%, revenue upgraded The consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast increased from CHF1.19b to CHF1.21b. EPS estimate fell from CHF35.71 to CHF29.91 per share. Net income forecast to grow 38% next year vs 27% growth forecast for Building industry in Switzerland. Consensus price target down from CHF857 to CHF829. Share price fell 7.8% to CHF720 over the past week. Price Target Changed • Mar 08
Price target decreased by 7.9% to CHF828 Down from CHF900, the current price target is an average from 7 analysts. New target price is 15% above last closing price of CHF723. Stock is down 34% over the past year. The company is forecast to post earnings per share of CHF29.60 for next year compared to CHF20.30 last year. Reported Earnings • Mar 07
Full year 2022 earnings released: EPS: CHF20.30 (vs CHF58.95 in FY 2021) Full year 2022 results: EPS: CHF20.30 (down from CHF58.95 in FY 2021). Revenue: CHF1.20b (down 2.4% from FY 2021). Net income: CHF29.1m (down 66% from FY 2021). Profit margin: 2.4% (down from 6.9% in FY 2021). The decrease in margin was primarily driven by lower revenue. Revenue is forecast to grow 2.6% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Building industry in Switzerland. Over the last 3 years on average, earnings per share has fallen by 9% per year and the company’s share price has also fallen by 9% per year. Price Target Changed • Nov 28
Price target decreased to CHF892 Down from CHF964, the current price target is an average from 6 analysts. New target price is 18% above last closing price of CHF756. Stock is down 42% over the past year. The company is forecast to post earnings per share of CHF26.45 for next year compared to CHF58.95 last year. Buying Opportunity • Nov 21
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 25%. The fair value is estimated to be CHF902, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.5% over the last 3 years. Earnings per share has grown by 12%. For the next 3 years, revenue is forecast to grow by 1.1% per annum. Earnings is also forecast to grow by 12% per annum over the same time period. Price Target Changed • Nov 16
Price target decreased to CHF964 Down from CHF1,172, the current price target is an average from 6 analysts. New target price is 31% above last closing price of CHF738. Stock is down 48% over the past year. The company is forecast to post earnings per share of CHF27.62 for next year compared to CHF58.95 last year. Valuation Update With 7 Day Price Move • Nov 11
Investor sentiment improved over the past week After last week's 16% share price gain to CHF761, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 21x in the Building industry in Switzerland. Total loss to shareholders of 20% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CHF901 per share. Major Estimate Revision • Oct 27
Consensus EPS estimates fall by 27% The consensus outlook for earnings per share (EPS) in 2022 has deteriorated. 2022 revenue forecast decreased from CHF1.29b to CHF1.24b. EPS estimate also fell from CHF45.52 per share to CHF33.41 per share. Net income forecast to grow 2.4% next year vs 9.9% growth forecast for Building industry in Switzerland. Consensus price target down from CHF1,214 to CHF999. Share price fell 3.2% to CHF705 over the past week. Price Target Changed • Oct 25
Price target decreased to CHF1,130 Down from CHF1,223, the current price target is an average from 6 analysts. New target price is 56% above last closing price of CHF726. Stock is down 45% over the past year. The company is forecast to post earnings per share of CHF44.27 for next year compared to CHF58.95 last year. Major Estimate Revision • Aug 24
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 EPS estimate fell from CHF57.77 to CHF49.09 per share. Revenue forecast steady at CHF1.29b. Net income forecast to grow 30% next year vs 10% growth forecast for Building industry in Switzerland. Consensus price target down from CHF1,257 to CHF1,182. Share price fell 9.7% to CHF963 over the past week. Reported Earnings • Aug 18
First half 2022 earnings: EPS and revenues miss analyst expectations First half 2022 results: EPS: CHF19.10 (down from CHF31.80 in 1H 2021). Revenue: CHF647.8m (up 3.4% from 1H 2021). Net income: CHF27.3m (down 40% from 1H 2021). Profit margin: 4.2% (down from 7.3% in 1H 2021). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 1.1%. Earnings per share (EPS) also missed analyst estimates by 100%. Over the next year, revenue is forecast to grow 5.6%, compared to a 4.1% growth forecast for the Building industry in Switzerland. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Aankondiging • Jul 07
Schweiter Technologies AG, Annual General Meeting, Apr 04, 2023 Schweiter Technologies AG, Annual General Meeting, Apr 04, 2023, at 10:30 Central European Standard Time. Location: Theater Casino Zug, Artherstrasse 2–4, 6300 Zug Switzerland Aankondiging • Apr 07
Schweiter Technologies AG Approves Dividend, Payable on April 12, 2022 Schweiter Technologies AG approved the distribution of a dividend of CHF 40 per bearer share. The dividend will be paid out as of April 12, 2022. Upcoming Dividend • Apr 01
Upcoming dividend of CHF40.00 per share Eligible shareholders must have bought the stock before 08 April 2022. Payment date: 12 April 2022. Payout ratio is a comfortable 68% but the company is paying out more than the cash it is generating. Trailing yield: 3.6%. Lower than top quartile of Swiss dividend payers (3.7%). Higher than average of industry peers (2.2%). Price Target Changed • Mar 16
Price target decreased to CHF1,408 Down from CHF1,544, the current price target is an average from 5 analysts. New target price is 25% above last closing price of CHF1,128. Stock is down 29% over the past year. The company is forecast to post earnings per share of CHF65.23 for next year compared to CHF58.95 last year. Reported Earnings • Mar 06
Full year 2021 earnings: EPS and revenues miss analyst expectations Full year 2021 results: EPS: CHF58.95 (down from CHF72.29 in FY 2020). Revenue: CHF1.23b (up 5.7% from FY 2020). Net income: CHF84.4m (down 19% from FY 2020). Profit margin: 6.9% (down from 8.9% in FY 2020). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 2.2%. Earnings per share (EPS) also missed analyst estimates by 1.4%. Over the next year, revenue is forecast to grow 7.0%, compared to a 5.3% growth forecast for the industry in Switzerland. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth.