SWX:BEAN

Stock Analysis Report

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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. More Details

Rewards

Earnings are forecast to grow 10.77% per year

Earnings grew by 18.6% over the past year

Pays a reliable dividend of 2.12%

Risk Analysis

No risks detected for BEAN from our risk checks.


Snowflake Analysis

Flawless balance sheet with outstanding 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

Stable Share Price: BEAN has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-1.9%

BEAN

-1.6%

CH Building

-1.9%

CH Market


1 Year Return

15.7%

BEAN

8.8%

CH Building

1.7%

CH Market

Return vs Industry: BEAN exceeded the Swiss Building industry which returned 10.3% over the past year.

Return vs Market: BEAN exceeded the Swiss Market which returned 2.3% over the past year.


Shareholder returns

BEANIndustryMarket
7 Day-1.9%-1.6%-1.9%
30 Day-0.1%1.8%-3.1%
90 Day-2.1%6.6%-1.6%
1 Year18.5%15.7%11.8%8.8%5.2%1.7%
3 Year81.9%70.3%10.1%2.3%17.9%5.6%
5 Year289.1%247.9%73.3%54.0%35.0%12.5%

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?

39.94x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: BEAN (CHF7090) is trading above our estimate of fair value (CHF2987.77)

Significantly Below Fair Value: 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 (39.9x) compared to the CH Building industry average (29x).

PE vs Market: BEAN is poor value based on its PE Ratio (39.9x) compared to the Swiss market (22x).


Price to Earnings Growth Ratio

PEG Ratio: BEAN is poor value based on its PEG Ratio (3.7x)


Price to Book Ratio

PB vs Industry: BEAN is overvalued based on its PB Ratio (9.8x) compared to the CH Building industry average (2.7x).


Next Steps

Future Growth

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

10.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: BEAN's forecast earnings growth (10.8% per year) is above the savings rate (-0.2%).

Earnings vs Market: BEAN's earnings (10.8% per year) are forecast to grow slower than the Swiss market (11.4% per year).

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

Revenue vs Market: BEAN's revenue (6.7% per year) is forecast to grow faster than the Swiss market (4.6% per year).

High Growth Revenue: BEAN's revenue (6.7% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: BEAN's Return on Equity is forecast to be high in 3 years time (20.2%)


Next Steps

Past Performance

How has BELIMO Holding performed over the past 5 years?

14.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: BEAN has high quality earnings.

Growing Profit Margin: BEAN's current net profit margins (16.2%) are higher than last year (13.7%).


Past Earnings Growth Analysis

Earnings Trend: BEAN's earnings have grown by 14.3% per year over the past 5 years.

Accelerating Growth: BEAN's earnings growth over the past year (18.6%) exceeds its 5-year average (14.3% per year).

Earnings vs Industry: BEAN earnings growth over the past year (18.6%) exceeded the Building industry -3.1%.


Return on Equity

High ROE: BEAN's Return on Equity (24.6%) is considered high.


Next Steps

Financial Health

How is BELIMO Holding's financial position?


Financial Position Analysis

Short Term Liabilities: BEAN's short term assets (CHF345.0M) exceed its short term liabilities (CHF97.5M).

Long Term Liabilities: BEAN's short term assets (CHF345.0M) exceed its long term liabilities (CHF15.9M).


Debt to Equity History and Analysis

Debt Level: BEAN is debt free.

Reducing Debt: BEAN has no debt compared to 5 years ago when its debt to equity ratio was 6.7%.

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

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


Balance Sheet


Next Steps

Dividend

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

2.11%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: BEAN's dividend (2.12%) is higher than the bottom 25% of dividend payers in the Swiss market (1.88%).

High Dividend: BEAN's dividend (2.12%) is low compared to the top 25% of dividend payers in the Swiss market (3.69%).


Stability and Growth of Payments

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: At its current payout ratio (84.5%), BEAN's 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 (77.1% payout ratio).


Next Steps

Management

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

4.9yrs

Average management tenure


CEO

Lars van der Haegen (52 yo)

5.25yrs

Tenure

CHF1,159,000

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 2015 and served as its Head o ...


CEO Compensation Analysis

Compensation vs Market: Lars's total compensation ($USD1.28M) is below average for companies of similar size in the Swiss market ($USD2.28M).

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


Leadership Team

NamePositionTenureCompensationOwnership
Lars van der Haegen
Chief Executive Officer5.25yrsCHF1.16m0.011%
CHF 506.7k
Markus Schürch
CFO & Member of Management Board1.75yrsno datano data
Lukas Eigenmann
Head of Group Division Europe & Member of the Group Executive Committee10.25yrsno data0.028%
CHF 1.3m
Gary Economides
Head of Group Division Asia Pacific & Member of the Group Executive Committee7.92yrsno datano data
James Furlong
Head of Group Division Americas & Member of the Group Executive Committee4.58yrsno data0.0098%
CHF 434.5k
Louis Scheidegger
Head of Group Division Production & Innovation (Interim)1.58yrsno data0.0052%
CHF 231.5k

4.9yrs

Average Tenure

52yo

Average Age

Experienced Management: BEAN's management team is considered experienced (4.9 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Patrick Burkhalter
Independent Chairman of the Board1.5yrsCHF232.00k0.58%
CHF 25.8m
Martin Zwyssig
Independent Deputy Chairmanno dataCHF139.00k0.0041%
CHF 181.2k
Stefan Ranstrand
Director0.58yrno datano data
Adrian Altenburger
Independent Director5.5yrsCHF139.00k0.0081%
CHF 362.0k
Sandra Emme
Independent Director2.5yrsCHF139.00k0.0032%
CHF 144.7k
Urban Linsi
Independent Director1.5yrsCHF93.00k1.3%
CHF 58.0m

1.5yrs

Average Tenure

57yo

Average Age

Experienced Board: BEAN's board of directors are not considered experienced ( 1.5 years average tenure), which suggests a new board.


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

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: CHF4.452b
  • 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 Analysis2020/10/20 21:50
End of Day Share Price2020/10/20 00:00
Earnings2020/06/30
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.