SWX:ARBN

Stock Analysis Report

Executive Summary

Arbonia AG operates as a building supplier in Switzerland, Germany, and internationally.

Snowflake

Fundamentals

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


Market Performance


7 Day Return

-0.3%

ARBN

1.6%

CH Building

0.4%

CH Market


1 Year Return

-8.6%

ARBN

8.8%

CH Building

11.4%

CH Market

Return vs Industry: ARBN underperformed the Swiss Building industry which returned 8.8% over the past year.

Return vs Market: ARBN underperformed the Swiss Market which returned 11.4% over the past year.


Shareholder returns

ARBNIndustryMarket
7 Day-0.3%1.6%0.4%
30 Day0.8%0.6%-0.3%
90 Day-0.8%0.6%1.8%
1 Year-6.9%-8.6%11.6%8.8%17.4%11.4%
3 Year-21.7%-23.1%20.1%11.9%34.9%21.3%
5 Year-18.0%-40.5%80.0%55.4%42.2%19.9%

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

Valuation

Is Arbonia undervalued compared to its fair value and its price relative to the market?

0.9%

Undervalued compared to fair value


Share Price vs. Fair Value

Undervalued: ARBN (CHF11.92) is trading below our estimate of fair value (CHF12.03)

Significantly Undervalued: ARBN is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: ARBN is poor value based on its PE Ratio (22.7x) compared to the Building industry average (22.3x).

PE vs Market: ARBN is poor value based on its PE Ratio (22.7x) compared to the Swiss market (18.6x).


Price to Earnings Growth Ratio

Low PEG Ratio: ARBN is good value based on its PEG Ratio (1x)


Price to Book Ratio

PB vs Industry: ARBN is good value based on its PB Ratio (0.9x) compared to the CH Building industry average (5.3x).


Next Steps

Future Growth

How is Arbonia forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

22.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: ARBN's forecast earnings growth (22.8% per year) is above the savings rate (3.3%).

Earnings vs Market: ARBN's earnings (22.8% per year) are forecast to grow faster than the Swiss market (10.3% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: ARBN's revenue (2.5% per year) is forecast to grow slower than the Swiss market (3.5% per year).

High Growth Revenue: ARBN's revenue (2.5% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

High Future ROE: ARBN's Return on Equity is forecast to be low in 3 years time (6.8%).


Next Steps

Past Performance

How has Arbonia performed over the past 5 years?

42.2%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: ARBN's earnings have grown significantly by 42.2% per year over the past 5 years.

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 (-17.9%) over the past year, making it difficult to compare to the Building industry average (2.2%).


Return on Equity

High ROE: ARBN's Return on Equity (4.1%) is considered low.


Return on Assets

ROA vs Industry: ARBN's Return on Assets is below or equal to the Building industry average last year.


Return on Capital Employed

ROCE Improving: ARBN's Return on Capital Employed has declined over the past 3 years.


Next Steps

Financial Health

How is Arbonia's financial position?


Financial Position Analysis

Short Term Liabilities: ARBN's short term assets (CHF482.9M) exceeds its short term liabilities (CHF380.2M)

Long Term Liabilities: ARBN's short term assets (482.9M) exceeds its long term liabilities (344.2M)


Debt to Equity History and Analysis

Debt Level: ARBN's debt to equity ratio (22.8%) is considered satisfactory

Reducing Debt: ARBN's debt to equity ratio has reduced from 93.5% to 22.8% over the past 5 years.

Debt Coverage: ARBN's debt is well covered by operating cash flow (44.3%).

Interest Coverage: ARBN's interest payments on its debt are well covered by EBIT (9.7x coverage).


Balance Sheet

Inventory Level: ARBN has a high level of physical assets or inventory.

Debt Coverage by Assets: ARBN's debt is covered by short term assets (assets are 2.441100x debt).


Next Steps

Dividend

What is Arbonia's current dividend yield, its reliability and sustainability?

1.68%

Current Dividend Yield


Dividend Yield vs Market

company1.7%marketbottom25%1.9%markettop25%3.7%industryaverage2.3%forecastin3Years1.9%

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: ARBN's dividend (1.68%) isn’t notable compared to the bottom 25% of dividend payers in the Swiss market (1.9%).

High Dividend: ARBN's dividend (1.68%) is low compared to the top 25% of dividend payers in the Swiss market (3.75%).

Stable Dividend: ARBN's dividend payments have been volatile in the past 10 years.

Growing Dividend: ARBN's dividend payments have fallen over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (38%), ARBN's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: ARBN's dividends in 3 years are forecast to be well covered by earnings (28.3% payout ratio).


Next Steps

Management

What is the CEO of Arbonia's salary, the management and board of directors tenure and is there insider trading?

4.0yrs

Average management tenure


CEO

Alexander von Witzleben (56yo)

4.3yrs

Tenure

CHF1,668,000

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 ($USD1.67M) is about average for companies of similar size in the Swiss market ($USD965.18K).

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


Management Age and Tenure

4.0yrs

Average Tenure

53.5yo

Average Age

Experienced Management: ARBN's management team is considered experienced (4 years average tenure).


Board Age and Tenure

4.5yrs

Average Tenure

57yo

Average Age

Experienced Board: ARBN's board of directors are considered experienced (4.5 years average tenure).


Insider Trading

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


Ownership Breakdown


Management Team

  • Alexander von Witzleben (56yo)

    CEO & Executive Chairman

    • Tenure: 4.3yrs
    • Compensation: CHF1.67m
  • Knut Bartsch (51yo)

    Head of the Sanitary Equipment Division

    • Tenure: 15.4yrs
  • Karl-Heinz Hartmann (68yo)

    Chief Operating officer of Kitchens and Refrigeration Division

    • Tenure: 0yrs
  • Harald Pichler (51yo)

    Head of the Windows Division

    • Tenure: 3.7yrs
  • Peter Spirig (46yo)

    Head of the Doors Division

    • Tenure: 3.4yrs
  • Ulrich Bornkessel (63yo)

    Head of Heating

    • Tenure: 7.8yrs
  • Daniel Wüest

    Chief Financial Officer

    • Tenure: 0.5yrs
  • Maria Romero

    Head of Group Human Resources

    • Tenure: 0yrs

Board Members

  • Alexander von Witzleben (56yo)

    CEO & Executive Chairman

    • Tenure: 4.3yrs
    • Compensation: CHF1.67m
  • Michael Pieper (73yo)

    Non-Executive Director

    • Tenure: 4.5yrs
    • Compensation: CHF78.00k
  • Peter Bodmer (55yo)

    Non-Executive Director

    • Tenure: 6.5yrs
    • Compensation: CHF202.00k
  • Carsten Voigtländer (56yo)

    Director

    • Tenure: 0.5yrs
  • Heinz Haller (64yo)

    Non-Executive Director

    • Tenure: 5.5yrs
    • Compensation: CHF90.00k
  • Thomas Lozser (58yo)

    Non-Executive Director

    • Tenure: 2.8yrs
    • Compensation: CHF75.00k
  • Markus Oppliger (60yo)

    Acting Lead Director

    • Tenure: 0yrs
    • Compensation: CHF99.00k
  • Peter Barandun (55yo)

    Non-Executive Vice-Chairman

    • Tenure: 4.5yrs
    • Compensation: CHF127.00k

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: CHF820.428m
  • Shares outstanding: 68.83m
  • Website: https://www.arbonia.com

Number of Employees


Location

  • Arbonia AG
  • Amriswilerstrasse 50
  • Arbon
  • Thurgau
  • 9320
  • Switzerland

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ARBNSWX (SIX Swiss Exchange)YesNew Registered SharesCHCHFJul 1994
ANGADB (Deutsche Boerse AG)YesNew Registered SharesDEEURJul 1994
ANGAXTRA (XETRA Trading Platform)YesNew Registered SharesDEEURJul 1994
0QKRLSE (London Stock Exchange)YesNew Registered SharesGBCHFJul 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, W ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/14 20:45
End of Day Share Price2019/10/14 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.