SWX:BEAN

Stock Analysis Report

Executive Summary

BELIMO Holding AG, together with its subsidiaries, develops, produces, and markets electrical actuator solutions, valve systems, and sensors for heating, ventilation, and air conditioning (HVAC) systems worldwide.

Snowflake

Fundamentals

Flawless balance sheet with solid track record and pays a dividend.


Similar Companies

Share Price & News

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


Latest Share Price and Events


Market Performance


7 Day Return

5.1%

BEAN

1.6%

CH Building

0.4%

CH Market


1 Year Return

36.9%

BEAN

8.8%

CH Building

11.4%

CH Market

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

Return vs Market: BEAN exceeded the Swiss Market which returned 11.4% over the past year.


Shareholder returns

BEANIndustryMarket
7 Day5.1%1.6%0.4%
30 Day12.8%0.6%-0.3%
90 Day2.2%0.6%1.8%
1 Year39.6%36.9%11.6%8.8%17.4%11.4%
3 Year106.4%93.7%20.1%11.9%34.9%21.3%
5 Year210.4%176.2%80.0%55.4%42.2%19.9%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

41.16x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Undervalued: BEAN (CHF6160) is trading above our estimate of fair value (CHF2426.99)

Significantly Undervalued: BEAN is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: BEAN is poor value based on its PE Ratio (41.2x) compared to the Building industry average (22.3x).

PE vs Market: BEAN is poor value based on its PE Ratio (41.2x) compared to the Swiss market (18.6x).


Price to Earnings Growth Ratio

Low PEG Ratio: BEAN is poor value based on its PEG Ratio (4.7x)


Price to Book Ratio

PB vs Industry: BEAN is overvalued based on its PB Ratio (8.7x) compared to the CH Building industry average (5.3x).


Next Steps

Future Growth

How is BELIMO Holding forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?

8.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: BEAN's forecast earnings growth (8.8% per year) is above the savings rate (3.3%).

Earnings vs Market: BEAN's earnings (8.8% per year) are forecast to grow slower than the Swiss market (10.3% per year).

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

Revenue vs Market: BEAN's revenue (5% per year) is forecast to grow faster than the Swiss market (3.5% per year).

High Growth Revenue: BEAN's revenue (5% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

High Future ROE: BEAN's Return on Equity is forecast to be high in 3 years time (20.9%)


Next Steps

Past Performance

How has BELIMO Holding performed over the past 5 years?

9.1%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: BEAN's earnings have grown by 9.1% per year over the past 5 years.

Accelerating Growth: BEAN's earnings growth over the past year (6.1%) is below its 5-year average (9.1% per year).

Earnings vs Industry: BEAN earnings growth over the past year (6.1%) exceeded the Building industry 2.2%.


Return on Equity

High ROE: BEAN's Return on Equity (21.2%) is considered high.


Return on Assets

ROA vs Industry: BEAN has a higher Return on Assets than the Building industry average last year.


Return on Capital Employed

ROCE Improving: BEAN has improved its Return on Capital Employed over the past 3 years.


Next Steps

Financial Health

How is BELIMO Holding's financial position?


Financial Position Analysis

Short Term Liabilities: BEAN's short term assets (CHF359.3M) exceeds its short term liabilities (CHF98.6M)

Long Term Liabilities: BEAN's short term assets (359.3M) exceeds its long term liabilities (24.4M)


Debt to Equity History and Analysis

Debt Level: BEAN's debt to equity ratio (1.2%) is considered satisfactory

Reducing Debt: BEAN's debt to equity ratio has reduced from 7.4% to 1.2% over the past 5 years.

Debt Coverage: BEAN's debt is well covered by operating cash flow (2078.7%).

Interest Coverage: BEAN earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet

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

Debt Coverage by Assets: BEAN's debt is covered by short term assets (assets are 67.911720x debt).


Next Steps

Dividend

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

1.62%

Current Dividend Yield


Dividend Yield vs Market

company1.6%marketbottom25%1.9%markettop25%3.7%industryaverage2.3%forecastin3Years1.9%

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: BEAN's dividend (1.62%) isn’t notable compared to the bottom 25% of dividend payers in the Swiss market (1.9%).

High Dividend: BEAN's dividend (1.62%) is low compared to the top 25% of dividend payers in the Swiss market (3.75%).

Stable Dividend: BEAN's dividends per share have been stable in the past 10 years.

Growing Dividend: BEAN's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (66.8%), BEAN's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: BEAN's dividends in 3 years are forecast to be covered by earnings (68.5% payout ratio).


Next Steps

Management

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

5.6yrs

Average management tenure


CEO

Lars van der Haegen (51yo)

4.3yrs

Tenure

CHF974,000

Compensation

Mr. Lars van der Haegen, MBA, serves as the President of Belimo Aircontrols (USA), Inc. Mr. van der Haegen has been the Chief Executive Officer of Belimo Holding AG since July 1, 2015 and served as its Hea ...


CEO Compensation Analysis

Compensation vs. Market: Lars's total compensation ($USD977.03K) is below average for companies of similar size in the Swiss market ($USD1.65M).

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


Management Age and Tenure

5.6yrs

Average Tenure

53.5yo

Average Age

Experienced Management: BEAN's management team is seasoned and experienced (5.6 years average tenure).


Board Age and Tenure

1.0yrs

Average Tenure

55yo

Average Age

Experienced Board: BEAN's board of directors are not considered experienced ( 1 years average tenure), which suggests a new board.


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

  • Peter Schmidlin (56yo)

    Chief Innovation Officer & Member of the Group Executive Committee

    • Tenure: 19.2yrs
  • Lukas Eigenmann (58yo)

    Head of Europe & Member of the Group Executive Committee

    • Tenure: 9.3yrs
  • Lars van der Haegen (51yo)

    Chief Executive Officer

    • Tenure: 4.3yrs
    • Compensation: CHF974.00k
  • Gary Economides (49yo)

    Head of Asia Pacific & Member of the Group Executive Committee

    • Tenure: 6.9yrs
  • James Furlong (59yo)

    Head of Americas & Member of the Group Executive Committee

    • Tenure: 3.6yrs
  • Markus Schürch (48yo)

    CFO & Member of Management Board

    • Tenure: 0.8yrs

Board Members

  • Patrick Burkhalter (57yo)

    Chairman of the Board

    • Tenure: 0.5yrs
    • Compensation: CHF139.00k
  • Martin Zwyssig (54yo)

    Deputy Chairman

    • Tenure: 0yrs
    • Compensation: CHF139.00k
  • Adrian Altenburger (56yo)

    Director

    • Tenure: 4.5yrs
    • Compensation: CHF139.00k
  • Sandra Emme (47yo)

    Director

    • Tenure: 1.5yrs
    • Compensation: CHF93.00k
  • Urban Linsi

    Director

    • Tenure: 0.5yrs

Company Information

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


Key Information

  • Name: BELIMO Holding AG
  • Ticker: BEAN
  • Exchange: SWX
  • Founded: 1975
  • Industry: Building Products
  • Sector: Capital Goods
  • Market Cap: CHF3.788b
  • Shares outstanding: 614.94k
  • Website: https://www.belimo.com

Number of Employees


Location

  • BELIMO Holding AG
  • Brunnenbachstrasse 1
  • Hinwil
  • Zurich
  • 8340
  • Switzerland

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
BEANSWX (SIX Swiss Exchange)YesRegistered SharesCHCHFNov 1995
BLHW.FOTCPK (Pink Sheets LLC)YesRegistered SharesUSUSDNov 1995
0QMRLSE (London Stock Exchange)YesRegistered SharesGBCHFNov 1995
B9HDB (Deutsche Boerse AG)YesRegistered SharesDEEURNov 1995

Biography

BELIMO Holding AG, together with its subsidiaries, develops, produces, and markets electrical actuator solutions, valve systems, and sensors for heating, ventilation, and air conditioning (HVAC) systems wo ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/14 20:39
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.