Arbonia
Market Cap
CHF677.0m
Last Updated
2020/06/05 21:17 UTC
Data Sources
Company Financials +
Executive Summary
Arbonia AG operates as a building supplier in Switzerland, Germany, and internationally.
Rewards
Risk Analysis
Snowflake Analysis
Flawless balance sheet and fair value.
Similar Companies
Share Price & News
How has Arbonia's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: ARBN's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
13.5%
ARBN
2.6%
CH Building
2.3%
CH Market
1 Year Return
-22.4%
ARBN
6.9%
CH Building
3.2%
CH Market
Return vs Industry: ARBN underperformed the Swiss Building industry which returned 6.6% over the past year.
Return vs Market: ARBN underperformed the Swiss Market which returned 3.6% over the past year.
Shareholder returns
| ARBN | Industry | Market | |
|---|---|---|---|
| 7 Day | 13.5% | 2.6% | 2.3% |
| 30 Day | 22.9% | 14.7% | 4.9% |
| 90 Day | -0.2% | 3.6% | 2.7% |
| 1 Year | -22.4%-22.4% | 9.8%6.9% | 6.6%3.2% |
| 3 Year | -43.0%-44.0% | 12.5%4.4% | 21.1%8.7% |
| 5 Year | -29.1%-48.6% | 65.7%42.9% | 32.6%10.5% |
Price Volatility Vs. Market
How volatile is Arbonia's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
Is Now The Time To Look At Buying Arbonia AG (VTX:ARBN)?3 weeks ago | Simply Wall St
Is Arbonia AG (VTX:ARBN) Investing Your Capital Efficiently?1 month ago | Simply Wall St
If You Had Bought Arbonia (VTX:ARBN) Stock Three Years Ago, You'd Be Sitting On A 57% Loss, TodayValuation
Is Arbonia undervalued compared to its fair value and its price relative to the market?
36.4%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: ARBN (CHF9.82) is trading below our estimate of fair value (CHF15.44)
Significantly Below Fair Value: ARBN is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: ARBN is poor value based on its PE Ratio (25.8x) compared to the Building industry average (24.9x).
PE vs Market: ARBN is poor value based on its PE Ratio (25.8x) compared to the Swiss market (19.8x).
Price to Earnings Growth Ratio
PEG Ratio: ARBN is poor value based on its PEG Ratio (2.6x)
Price to Book Ratio
PB vs Industry: ARBN is good value based on its PB Ratio (0.8x) compared to the CH Building industry average (5.4x).
Next Steps
Future Growth
How is Arbonia forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
10.0%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: ARBN's forecast earnings growth (10% per year) is above the savings rate (-0.2%).
Earnings vs Market: ARBN's earnings (10% per year) are forecast to grow faster than the Swiss market (8.5% per year).
High Growth Earnings: ARBN's earnings are forecast to grow, but not significantly.
Revenue vs Market: ARBN's revenue is expected to decline over the next 3 years (-0.6% per year).
High Growth Revenue: ARBN's revenue is forecast to decline over the next 3 years (-0.6% per year).
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: ARBN's Return on Equity is forecast to be low in 3 years time (4.1%).
Next Steps
Past Performance
How has Arbonia performed over the past 5 years?
60.5%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: ARBN has high quality earnings.
Growing Profit Margin: ARBN's current net profit margins (1.8%) are lower than last year (2.8%).
Past Earnings Growth Analysis
Earnings Trend: ARBN has become profitable over the past 5 years, growing earnings by 60.5% per year.
Accelerating Growth: ARBN's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: ARBN had negative earnings growth (-32.3%) over the past year, making it difficult to compare to the Building industry average (4%).
Return on Equity
High ROE: ARBN's Return on Equity (3%) is considered low.
Next Steps
Financial Health
How is Arbonia's financial position?
Financial Position Analysis
Short Term Liabilities: ARBN's short term assets (CHF426.9M) exceed its short term liabilities (CHF320.2M).
Long Term Liabilities: ARBN's short term assets (CHF426.9M) exceed its long term liabilities (CHF341.0M).
Debt to Equity History and Analysis
Debt Level: ARBN's debt to equity ratio (20.2%) is considered satisfactory.
Reducing Debt: ARBN's debt to equity ratio has reduced from 85.4% to 20.2% over the past 5 years.
Debt Coverage: ARBN's debt is well covered by operating cash flow (63.3%).
Interest Coverage: ARBN's interest payments on its debt are well covered by EBIT (10.3x coverage).
Balance Sheet
Next Steps
Dividend
What is Arbonia's current dividend yield, its reliability and sustainability?
2.24%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: ARBN's dividend (2.24%) is higher than the bottom 25% of dividend payers in the Swiss market (1.94%).
High Dividend: ARBN's dividend (2.24%) is low compared to the top 25% of dividend payers in the Swiss market (3.83%).
Stability and Growth of Payments
Stable Dividend: ARBN has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: ARBN has only been paying a dividend for 9 years, and since then payments have fallen.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (57.8%), ARBN's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: ARBN's dividends in 3 years are forecast to be well covered by earnings (33.1% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
4.6yrs
Average management tenure
CEO
Alexander von Witzleben (56yo)
4.92yrs
Tenure
CHF1,422,000
Compensation
Mr. Alexander von Witzleben, Dipl.-Kaufmann, has been Chief Executive Officer at Arbonia AG since 2018 and its Executive Chairman since April 17, 2015. He was its Interim Chief Executive Officer at Arbonia ...
CEO Compensation Analysis
Compensation vs Market: Alexander's total compensation ($USD1.49M) is above average for companies of similar size in the Swiss market ($USD1.11M).
Compensation vs Earnings: Alexander's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Executive Chairman | 4.92yrs | CHF1.42m | 0.52% CHF3.5m | |
| Head of the Windows Division | 4.33yrs | CHF1.17m | 0.051% CHF345.9k | |
| Chief Financial Officer | 1.17yrs | no data | 0.015% CHF98.2k | |
| Head of the Doors Division & Member of Management Board | 4.08yrs | no data | 0.022% CHF150.2k | |
| Head Corporate Communications & Investor Relations | no data | no data | no data | |
| Head of Group Human Resources | no data | no data | no data | |
| Head of the Sanitary Equipment Division | 16.08yrs | no data | 0.079% CHF537.3k | |
| Chief Operating officer of Kitchens and Refrigeration Division | no data | no data | no data | |
| Head of Heating | 8.42yrs | no data | 0.030% CHF202.9k | |
| MD & Head of Sales at Prüm and Garant | no data | no data | no data |
4.6yrs
Average Tenure
51yo
Average Age
Experienced Management: ARBN's management team is considered experienced (4.6 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Executive Chairman | 4.92yrs | CHF1.42m | 0.52% CHF3.5m | |
| Non-Executive Director | 5.17yrs | CHF80.00k | 22.24% CHF150.6m | |
| Non-Executive Director | 7.17yrs | CHF90.00k | 0.032% CHF215.8k | |
| Director | 1.17yrs | CHF55.00k | no data | |
| Non-Executive Director | 6.17yrs | CHF95.00k | 0.15% CHF1.0m | |
| Non-Executive Director | 3.5yrs | CHF76.00k | 0.53% CHF3.6m | |
| Independent Acting Lead Director | no data | CHF101.00k | 0.037% CHF247.3k | |
| Non-Executive Vice-Chairman | 5.17yrs | CHF132.00k | 0.054% CHF362.3k |
5.2yrs
Average Tenure
57yo
Average Age
Experienced Board: ARBN's board of directors are considered experienced (5.2 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
Arbonia AG's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Arbonia AG
- Ticker: ARBN
- Exchange: SWX
- Founded: 1874
- Industry: Building Products
- Sector: Capital Goods
- Market Cap: CHF676.999m
- Shares outstanding: 68.94m
- Website: https://www.arbonia.com
Number of Employees
Location
- Arbonia AG
- Amriswilerstrasse 50
- Arbon
- Thurgau
- 9320
- Switzerland
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| ARBN | SWX (SIX Swiss Exchange) | Yes | New Registered Shares | CH | CHF | Jul 1994 |
| ANGA | DB (Deutsche Boerse AG) | Yes | New Registered Shares | DE | EUR | Jul 1994 |
| ANGA | XTRA (XETRA Trading Platform) | Yes | New Registered Shares | DE | EUR | Jul 1994 |
| 0QKR | LSE (London Stock Exchange) | Yes | New Registered Shares | GB | CHF | Jul 1994 |
Biography
Arbonia AG operates as a building supplier in Switzerland, Germany, and internationally. The company operates through four divisions: HVAC (Heating, Ventilation and Air Conditioning), Sanitary Equipment, Windows, and Doors. It offers heating, air-conditioning, and ventilation technology products, including fan coils, heat pumps, radiant panels, radiators, surface temperature control systems, unit heaters, and ventilation systems under the Arbonia, Sabiana, Brugman, Superia, Kermi, Tecna, Prolux, and Vasco brands; and sanitary equipment, such as bathtubs, shower trays, shower enclosures, areas, and stalls under the Baduscho, Kermi, and Koralle brand names. The company also develops, produces, assembles, and sells a range of windows and exterior doors comprising vinyl, aluminum, and wood windows, as well as lift-and-slide doors under the Dobroplast, EgoKiefer, Slovaktual, and Wertbau brands; and interior and functional doors, and frames under the Garant, Invado, Prüm, and RWD Schlatter brand names. The company was formerly known as AFG Arbonia-Forster-Holding AG and changed its name to Arbonia AG in December 2016. Arbonia AG was founded in 1874 and is headquartered in Arbon, Switzerland.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/06/05 21:17 |
| End of Day Share Price | 2020/06/05 00:00 |
| Earnings | 2019/12/31 |
| Annual Earnings | 2019/12/31 |
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.