SWX:BOSN

Stock Analysis Report

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Executive Summary

Bossard Holding AG distributes fasteners, and provides related engineering and logistics services in Europe, the United States, and Asia.


Snowflake Analysis

Established dividend payer with adequate balance sheet.

Share Price & News

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


Latest Share Price and Events

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


Market Performance


7 Day Return

5.6%

BOSN

4.1%

CH Trade Distributors

1.2%

CH Market


1 Year Return

-10.4%

BOSN

10.1%

CH Trade Distributors

2.9%

CH Market

Return vs Industry: BOSN underperformed the Swiss Trade Distributors industry which returned 10% over the past year.

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


Shareholder returns

BOSNIndustryMarket
7 Day5.6%4.1%1.2%
30 Day10.5%12.5%2.5%
90 Day2.0%-2.7%-1.5%
1 Year-8.9%-10.4%12.6%10.1%6.3%2.9%
3 Year-25.6%-30.5%16.4%6.7%15.9%4.1%
5 Year38.4%19.6%40.9%23.4%28.4%6.9%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

13.65x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: BOSN (CHF132.8) is trading above our estimate of fair value (CHF87.31)

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


Price To Earnings Ratio

PE vs Industry: BOSN is poor value based on its PE Ratio (13.6x) compared to the Trade Distributors industry average (13.3x).

PE vs Market: BOSN is good value based on its PE Ratio (13.6x) compared to the Swiss market (19.2x).


Price to Earnings Growth Ratio

PEG Ratio: BOSN's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: BOSN is overvalued based on its PB Ratio (3.4x) compared to the XE Trade Distributors industry average (1x).


Next Steps

Future Growth

How is Bossard Holding forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?

-2.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: BOSN's earnings are forecast to decline over the next 3 years (-2% per year).

Earnings vs Market: BOSN's earnings are forecast to decline over the next 3 years (-2% per year).

High Growth Earnings: BOSN's earnings are forecast to decline over the next 3 years.

Revenue vs Market: BOSN's revenue (0.4% per year) is forecast to grow slower than the Swiss market (2.4% per year).

High Growth Revenue: BOSN's revenue (0.4% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: BOSN's Return on Equity is forecast to be low in 3 years time (18.1%).


Next Steps

Past Performance

How has Bossard Holding performed over the past 5 years?

9.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: BOSN has high quality earnings.

Growing Profit Margin: BOSN's current net profit margins (8.5%) are lower than last year (9.6%).


Past Earnings Growth Analysis

Earnings Trend: BOSN's earnings have grown by 9.7% per year over the past 5 years.

Accelerating Growth: BOSN's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: BOSN had negative earnings growth (-11%) over the past year, making it difficult to compare to the Trade Distributors industry average (6.7%).


Return on Equity

High ROE: BOSN's Return on Equity (24.9%) is considered high.


Next Steps

Financial Health

How is Bossard Holding's financial position?


Financial Position Analysis

Short Term Liabilities: BOSN's short term assets (CHF464.9M) exceed its short term liabilities (CHF161.8M).

Long Term Liabilities: BOSN's short term assets (CHF464.9M) exceed its long term liabilities (CHF186.4M).


Debt to Equity History and Analysis

Debt Level: BOSN's debt to equity ratio (72.4%) is considered high.

Reducing Debt: BOSN's debt to equity ratio has increased from 59.1% to 72.4% over the past 5 years.

Debt Coverage: BOSN's debt is well covered by operating cash flow (38.3%).

Interest Coverage: BOSN's interest payments on its debt are well covered by EBIT (30.5x coverage).


Balance Sheet


Next Steps

Dividend

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

3.01%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: BOSN's dividend (3.01%) is higher than the bottom 25% of dividend payers in the Swiss market (1.93%).

High Dividend: BOSN's dividend (3.01%) is low compared to the top 25% of dividend payers in the Swiss market (3.91%).


Stability and Growth of Payments

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

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


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (41.1%), BOSN's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: BOSN's dividends in 3 years are forecast to be well covered by earnings (41.2% payout ratio).


Next Steps

Management

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

10.8yrs

Average management tenure


CEO

Daniel Bossard (49yo)

1

Tenure

CHF1,075,674

Compensation

Mr. Daniel Bossard has been Chief Executive Officer of Bossard Holding AG since April 2019. Mr. Bossard served as the Chief Executive Officer of North & Eastern Europe at Bossard Holding AG since January 1 ...


CEO Compensation Analysis

Compensation vs Market: Daniel's total compensation ($USD1.12M) is about average for companies of similar size in the Swiss market ($USD1.09M).

Compensation vs Earnings: Insufficient data to compare Daniel's compensation with company performance.


Leadership Team

NamePositionTenureCompensationOwnership
Daniel Bossard
Chief Executive Officer1yrCHF1.08m0.061% CHF624.5k
Stephan Zehnder
Group Chief Financial Officer15.33yrsno data0.16% CHF1.7m
Tee Bin Ong
Vice President of Sales & Marketingno datano datano data
Frank Hilgers
Group Chief Category Officer and CEO of Northern & Eastern Europe5.33yrsno data0.036% CHF366.6k
Andreas Bertaggia
VP & Head of Global Supply Chain Management1.17yrsno datano data
Beat Grob
Chief Executive Officer of Central Europe14yrsno data0.48% CHF4.9m
Steen Hansen
Chief Executive Officer of America12.17yrsno data0.032% CHF330.0k
Robert Ang
Chief Executive Officer of Asia10.83yrsno data0.17% CHF1.7m

10.8yrs

Average Tenure

54yo

Average Age

Experienced Management: BOSN's management team is seasoned and experienced (10.8 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Thomas Schmuckli-Grob
Chairman13yrsCHF398.44k0.19% CHF1.9m
David Dean
Director1yrCHF104.87k0.016% CHF159.3k
Anton Lauber
Deputy Chairman9.33yrsCHF156.99k0.078% CHF797.7k
Stefan Michel
Independent Non-Executive Director9.33yrsCHF159.78k0.014% CHF140.5k
Maria Vacalli
Independent Director7.33yrsCHF159.78k0.048% CHF485.5k
René Cotting
Director5.33yrsCHF159.78k0.025% CHF252.3k
Martin Kühn
Director2yrsCHF159.78k0.0059% CHF59.8k
Patricia Heidtman
Director1.33yrsCHF104.87kno data

6.3yrs

Average Tenure

50.5yo

Average Age

Experienced Board: BOSN's board of directors are considered experienced (6.3 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

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


Key Information

  • Name: Bossard Holding AG
  • Ticker: BOSN
  • Exchange: SWX
  • Founded: 1831
  • Industry: Trading Companies and Distributors
  • Sector: Capital Goods
  • Market Cap: CHF1.022b
  • Shares outstanding: 7.70m
  • Website: https://www.bossard.com

Number of Employees


Location

  • Bossard Holding AG
  • Steinhauserstrasse 70
  • Zug
  • Zug
  • 6300
  • Switzerland

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
0QS5LSE (London Stock Exchange)YesBearer SharesGBCHFJan 1992
BOSNSWX (SIX Swiss Exchange)YesBearer SharesCHCHFJan 1992
0B7DB (Deutsche Boerse AG)YesBearer SharesDEEURJan 1992
BHAG.FOTCPK (Pink Sheets LLC)YesBearer SharesUSUSDJan 1992

Biography

Bossard Holding AG distributes fasteners, and provides related engineering and logistics services in Europe, the United States, and Asia. The company offers socket products; hex head screws and flange bolts; nuts and inserts; bolts and plugs; slotted, cross recessed, assembled, self-tapping, self-drilling, thread forming, and wood screws; machine screws, threaded rods, slotted set screws, and hose clamps; washers and securing elements; pins, rivets, and keys; fasteners in various materials; coatings; and standard machine elements. It also provides extrusion parts, turned and milled parts, and punched and bent parts. The company was founded in 1831 and is headquartered in Zug, Switzerland. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/05/31 09:24
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.