SWX:BOBNN

Stock Analysis Report

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Executive Summary

Bobst Group SA supplies equipment and services for printing, coating and laminating, cutting, folding, gluing, and other processes worldwide.


Snowflake Analysis

Solid track record with adequate balance sheet.


Similar Companies

Share Price & News

How has Bobst Group's share price performed over time and what events caused price changes?


Latest Share Price and Events

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


Market Performance


7 Day Return

4.4%

BOBNN

3.8%

CH Machinery

1.2%

CH Market


1 Year Return

-8.3%

BOBNN

1.6%

CH Machinery

2.9%

CH Market

Return vs Industry: BOBNN underperformed the Swiss Machinery industry which returned 1.7% over the past year.

Return vs Market: BOBNN underperformed the Swiss Market which returned 3% over the past year.


Shareholder returns

BOBNNIndustryMarket
7 Day4.4%3.8%1.2%
30 Day19.9%7.0%2.5%
90 Day31.5%2.0%-1.5%
1 Year-5.2%-8.3%5.1%1.6%6.3%2.9%
3 Year-36.1%-41.1%3.3%-5.0%15.9%4.1%
5 Year47.1%30.2%37.1%16.0%28.4%6.9%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

14.02x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: BOBNN (CHF57.8) is trading above our estimate of fair value (CHF46.37)

Significantly Below Fair Value: BOBNN is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: BOBNN is good value based on its PE Ratio (14x) compared to the Machinery industry average (19.1x).

PE vs Market: BOBNN is good value based on its PE Ratio (14x) compared to the Swiss market (19.2x).


Price to Earnings Growth Ratio

PEG Ratio: BOBNN is poor value based on its PEG Ratio (4.2x)


Price to Book Ratio

PB vs Industry: BOBNN is good value based on its PB Ratio (1.6x) compared to the CH Machinery industry average (2x).


Next Steps

Future Growth

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

3.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: BOBNN's forecast earnings growth (3.3% per year) is above the savings rate (-0.2%).

Earnings vs Market: BOBNN's earnings (3.3% per year) are forecast to grow slower than the Swiss market (8.5% per year).

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

Revenue vs Market: BOBNN's revenue (1.4% per year) is forecast to grow slower than the Swiss market (2.4% per year).

High Growth Revenue: BOBNN's revenue (1.4% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: BOBNN's Return on Equity is forecast to be low in 3 years time (11.1%).


Next Steps

Past Performance

How has Bobst Group performed over the past 5 years?

3.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: BOBNN has high quality earnings.

Growing Profit Margin: BOBNN's current net profit margins (4.2%) are higher than last year (3.9%).


Past Earnings Growth Analysis

Earnings Trend: BOBNN's earnings have grown by 3.7% per year over the past 5 years.

Accelerating Growth: BOBNN's earnings growth over the past year (7.2%) exceeds its 5-year average (3.7% per year).

Earnings vs Industry: BOBNN earnings growth over the past year (7.2%) exceeded the Machinery industry 0.5%.


Return on Equity

High ROE: BOBNN's Return on Equity (9.4%) is considered low.


Next Steps

Financial Health

How is Bobst Group's financial position?


Financial Position Analysis

Short Term Liabilities: BOBNN's short term assets (CHF1.0B) exceed its short term liabilities (CHF731.0M).

Long Term Liabilities: BOBNN's short term assets (CHF1.0B) exceed its long term liabilities (CHF234.6M).


Debt to Equity History and Analysis

Debt Level: BOBNN's debt to equity ratio (53.6%) is considered high.

Reducing Debt: BOBNN's debt to equity ratio has reduced from 105.1% to 53.6% over the past 5 years.

Debt Coverage: BOBNN's debt is not well covered by operating cash flow (18.5%).

Interest Coverage: BOBNN's interest payments on its debt are well covered by EBIT (19.4x coverage).


Balance Sheet


Next Steps

Dividend

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

2.60%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: BOBNN's dividend (2.6%) is higher than the bottom 25% of dividend payers in the Swiss market (1.93%).

High Dividend: BOBNN's dividend (2.6%) is low compared to the top 25% of dividend payers in the Swiss market (3.91%).


Stability and Growth of Payments

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

Growing Dividend: BOBNN's dividend payments have increased, but the company has only paid a dividend for 6 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (36.4%), BOBNN's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: BOBNN's dividends in 3 years are forecast to be well covered by earnings (44.6% payout ratio).


Next Steps

Management

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

8.7yrs

Average management tenure


CEO

Jean-Pascal Bobst (54yo)

11yrs

Tenure

CHF1,645,947

Compensation

Mr. Jean-Pascal Bobst has been the Chief Executive Officer of Bobst Group SA, since May 7, 2009 and served as its Head of Business Unit Sheet-fed. Mr. Bobst served as Head of Technology, Supply Production  ...


CEO Compensation Analysis

Compensation vs Market: Jean-Pascal's total compensation ($USD1.71M) is above average for companies of similar size in the Swiss market ($USD1.09M).

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


Leadership Team

NamePositionTenureCompensationOwnership
Jean-Pascal Bobst
Chief Executive Officer11yrsCHF1.65m0.12% CHF1.2m
Attilio Tissi
Chief Financial Officer8.42yrsno data0.051% CHF483.8k
Stephan März
Head of Web-Fed Business Unit9yrsno data0.012% CHF119.2k
Philippe Milliet
Head of Sheet-Fed Business Unit8.42yrsno data0.030% CHF287.5k
Julien Laran
Head of Business Unit Servicesno datano datano data

8.7yrs

Average Tenure

51yo

Average Age

Experienced Management: BOBNN's management team is seasoned and experienced (8.7 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Philip Mosimann
Director4yrsCHF176.00k0.018% CHF173.4k
Thierry de Kalbermatten
Vice-Chairmanno dataCHF246.00k0.00054% CHF5.2k
Alain Guttmann
Chairman7.33yrsCHF348.00kno data
Jürgen Brandt
Non-Executive Director7yrsCHF186.00k0.012% CHF115.6k
Gian-Luca Bona
Director5.33yrsCHF176.00kno data

6.2yrs

Average Tenure

63yo

Average Age

Experienced Board: BOBNN's board of directors are considered experienced (6.2 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

Bobst Group SA's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Bobst Group SA
  • Ticker: BOBNN
  • Exchange: SWX
  • Founded: 1890
  • Industry: Industrial Machinery
  • Sector: Capital Goods
  • Market Cap: CHF954.681m
  • Shares outstanding: 16.52m
  • Website: https://www.bobst.com

Number of Employees


Location

  • Bobst Group SA
  • 3, Route de Faraz
  • Mex
  • Vaud
  • 1031
  • Switzerland

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
BOBNNSWX (SIX Swiss Exchange)YesRegistered SharesCHCHFNov 2001
BBBS.FOTCPK (Pink Sheets LLC)YesRegistered SharesUSUSDNov 2001
0QKJLSE (London Stock Exchange)YesRegistered SharesGBCHFNov 2001
4J7DB (Deutsche Boerse AG)YesRegistered SharesDEEURNov 2001

Biography

Bobst Group SA supplies equipment and services for printing, coating and laminating, cutting, folding, gluing, and other processes worldwide. It operates through BU Sheet-Fed, BU Web-Fed, and BU Services segments. The company’s products comprise vacuum coaters and metalizers, extrusion coating and laminating lines, coating lines, laminating machines, and litho-laminators; flexo post-printing presses, CI flexo presses, inline flexo presses, and rotogravure printing presses; flatbed die cutters, hot foil stampers, and Web-fed converting equipment; and flatbed die-cutting lines, flexo folder gluers, flexo rotary die cutters, and converting lines for printing and converting. Its services include remote services, technical services, spare parts and consumables, tooling services, monitoring apps, and relocation services; maintenance solutions comprising inspection, maintenance, and repair services; machinery enhancement services; process optimization, training, technical coaching, and performance solutions. The company’s products are used in packaging, including folding cartons, corrugated boards, and flexible materials, as well as packaging for liquids; commercial print finishing; label manufacturing; sack and bag production; pressure sensitive adhesive tape production; decorative printing; and security, tobacco, and industrial applications. Bobst Group SA was founded in 1890 and is based in Mex, Switzerland. Bobst Group SA is a subsidiary of JBF Finance SA. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/05/31 21:23
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.