SWX:ADVN

Stock Analysis Report

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Executive Summary

Adval Tech Holding AG manufactures metal components and subassemblies, and plastic components worldwide.


Snowflake Analysis

Flawless balance sheet and good value.

Share Price & News

How has Adval Tech Holding's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: ADVN's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

13.6%

ADVN

3.8%

CH Machinery

1.2%

CH Market


1 Year Return

-22.7%

ADVN

1.6%

CH Machinery

2.9%

CH Market

Return vs Industry: ADVN underperformed the Swiss Machinery industry which returned 1.9% over the past year.

Return vs Market: ADVN underperformed the Swiss Market which returned 2.6% over the past year.


Shareholder returns

ADVNIndustryMarket
7 Day13.6%3.8%1.2%
30 Day6.4%7.0%2.5%
90 Day-8.0%2.0%-1.5%
1 Year-21.1%-22.7%5.1%1.6%6.3%2.9%
3 Year-43.1%-46.4%3.3%-5.0%15.9%4.1%
5 Year-0.06%-17.6%37.1%16.0%28.4%6.9%

Price Volatility Vs. Market

How volatile is Adval Tech Holding's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Adval Tech Holding undervalued compared to its fair value and its price relative to the market?

12.66x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: ADVN (CHF132) is trading below our estimate of fair value (CHF146.59)

Significantly Below Fair Value: ADVN is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: ADVN is good value based on its PE Ratio (11.1x) compared to the Machinery industry average (18.9x).

PE vs Market: ADVN is good value based on its PE Ratio (11.1x) compared to the Swiss market (19.3x).


Price to Earnings Growth Ratio

PEG Ratio: ADVN is poor value based on its PEG Ratio (10.1x)


Price to Book Ratio

PB vs Industry: ADVN is good value based on its PB Ratio (0.8x) compared to the CH Machinery industry average (2.1x).


Next Steps

Future Growth

How is Adval Tech Holding forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

1.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: ADVN's forecast earnings growth (1.1% per year) is above the savings rate (-0.2%).

Earnings vs Market: ADVN's earnings (1.1% per year) are forecast to grow slower than the Swiss market (8.5% per year).

High Growth Earnings: ADVN's earnings are forecast to grow, but not significantly.

Revenue vs Market: ADVN's revenue (3.8% per year) is forecast to grow faster than the Swiss market (2.4% per year).

High Growth Revenue: ADVN's revenue (3.8% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: ADVN's Return on Equity is forecast to be low in 3 years time (5.9%).


Next Steps

Past Performance

How has Adval Tech Holding performed over the past 5 years?

10.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: ADVN has high quality earnings.

Growing Profit Margin: ADVN's current net profit margins (5%) are higher than last year (4.6%).


Past Earnings Growth Analysis

Earnings Trend: ADVN's earnings have grown by 10.5% per year over the past 5 years.

Accelerating Growth: ADVN's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: ADVN had negative earnings growth (-1.4%) over the past year, making it difficult to compare to the Machinery industry average (0.5%).


Return on Equity

High ROE: ADVN's Return on Equity (6.8%) is considered low.


Next Steps

Financial Health

How is Adval Tech Holding's financial position?


Financial Position Analysis

Short Term Liabilities: ADVN's short term assets (CHF84.2M) exceed its short term liabilities (CHF31.4M).

Long Term Liabilities: ADVN's short term assets (CHF84.2M) exceed its long term liabilities (CHF4.6M).


Debt to Equity History and Analysis

Debt Level: ADVN is debt free.

Reducing Debt: ADVN has no debt compared to 5 years ago when its debt to equity ratio was 119.8%.

Debt Coverage: ADVN has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: ADVN has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


Next Steps

Dividend

What is Adval Tech Holding's current dividend yield, its reliability and sustainability?

1.80%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: ADVN's dividend (2.05%) is higher than the bottom 25% of dividend payers in the Swiss market (1.99%).

High Dividend: ADVN's dividend (2.05%) is low compared to the top 25% of dividend payers in the Swiss market (3.96%).


Stability and Growth of Payments

Stable Dividend: ADVN has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: ADVN has only been paying a dividend for 3 years, and since then payments have fallen.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (22.8%), ADVN's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: ADVN's dividends in 3 years are forecast to be well covered by earnings (36.4% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

8.0yrs

Average management tenure


CEO

René Rothen (60yo)

7.75yrs

Tenure

CHF507,887

Compensation

Mr. René Rothen has been the Chief Executive Officer of Adval Tech Holding AG since August 1, 2012. Mr. Rothen has been Chairman of Adval Tech Holding AG since May 14, 2020. He served as Head of the Automo ...


CEO Compensation Analysis

Compensation vs Market: René's total compensation ($USD523.89K) is about average for companies of similar size in the Swiss market ($USD533.90K).

Compensation vs Earnings: René's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
René Rothen
CEO & Chairman7.75yrsCHF507.89k0.21% CHF231.0k
Markus Reber
CFO & Group Controller13.33yrsno data0.097% CHF106.6k
Valeria Poretti-Rezzonico
Head Corporate HR & Communication8yrsno data0.10% CHF113.1k
Alfred Raggenbass
Head of Technology Center-Stamping & Forming Divisionno datano datano data
Ralf Ostheider
Head of Componentsno datano datano data
Rudolf Lüthi
Head of Technical Support-Stamping & Forming Divisionno datano datano data
M. Wolf
Head of Medical Divisionno datano datano data
Daniel Schüpbach
Head of Sales - Awm Plast Tech Ltdno datano datano data
Ingrid Schaub
Executive Officer of Foboha Gmbhno datano datano data
Martin Osterode
Head of Awm Mold Service US Incno datano datano data

8.0yrs

Average Tenure

58yo

Average Age

Experienced Management: ADVN's management team is seasoned and experienced (8 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Adval Tech Holding AG's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Adval Tech Holding AG
  • Ticker: ADVN
  • Exchange: SWX
  • Founded: 1924
  • Industry: Industrial Machinery
  • Sector: Capital Goods
  • Market Cap: CHF109.486m
  • Shares outstanding: 729.90k
  • Website: https://www.advaltech.com

Number of Employees


Location

  • Adval Tech Holding AG
  • Freiburgstrasse 556
  • Niederwangen
  • Bern
  • 3172
  • Switzerland

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ADVNSWX (SIX Swiss Exchange)YesRegistered SharesCHCHFJun 1998
0QR0LSE (London Stock Exchange)YesRegistered SharesGBCHFJun 1998
28DBST (Boerse-Stuttgart)YesRegistered SharesDEEURJun 1998

Biography

Adval Tech Holding AG manufactures metal components and subassemblies, and plastic components worldwide. The company offers stamped and formed series parts and subassemblies for the automotive industry, which include rotationally symmetrical parts, such as components for airbags, ABS braking systems, and fuel injection systems; steering system subassemblies, roof rack systems, and decor parts; structural components and composite components from metal and plastic elements comprising door sill plates; lighting systems; and fuel management systems. It supplies plastic components to automotive manufacturers, including air-water separation systems, airflow elements, air guidance systems, and seatbelt buckles, as well as produces plastic parts, assemblies, and systems for the household appliance and the medical device field. The company was formerly known as Styner+Bienz AG and changed its name to Adval Tech Holding AG in 1997. Adval Tech Holding AG was founded in 1924 and is headquartered in Niederwangen, Switzerland. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/05/30 21:34
End of Day Share Price2020/05/29 00:00
Earnings2019/12/31
Annual Earnings2019/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.