Bossard Holding

SWX:BOSN

Snowflake Description

Excellent balance sheet with proven track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.

BOSN

SWX

CHF1B

Market Cap

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Last updated 2019/06/17 22:01

Company description

Bossard Holding AG distributes fasteners, and provides related engineering and logistics services in Europe, the Americas, and Asia. The last earnings update was 103 days ago. More info.

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BOSN Share Price and Events

7 Day Returns

SWX:BOSN

1.2%

Europe Trade Distributors

0.9%

CH Market

1 Year Returns

-23.7%

SWX:BOSN

-6.4%

Europe Trade Distributors

6.4%

CH Market

BOSN Shareholder Return

	7 Day	30 Day	90 Day	1 Year	3 Year	5 Year
Bossard Holding (BOSN)	0%	-5%	-11.3%	-23.7%	33.6%	33.4%
Europe Trade Distributors	1.2%	-0.2%	1.1%	-6.4%	29.2%	35.8%
CH Market	0.9%	1.6%	1.6%	6.4%	20.6%	11.7%

1 Year Return vs Industry and Market

BOSN underperformed the Trade Distributors industry which returned -6.4% over the past year.
BOSN underperformed the Market in Switzerland which returned 6.4% over the past year.

Price Volatility

BOSN

Industry

5yr Volatility vs Market

Related Companies

Sorry, no analysis for Bossard Holding's competitors could be found in our database.

BOSN Value

Is Bossard Holding undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.

INTRINSIC VALUE BASED ON FUTURE CASH FLOWS

Here we compare the current share price of Bossard Holding to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.

Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Bossard Holding.

SWX:BOSN Discounted Cash Flow Data Sources
Data Point	Source	Value
Valuation Model		2 Stage Free Cash Flow to Equity
Levered Free Cash Flow	Average of 6 Analyst Estimates (S&P Global)	See below
Discount Rate (Cost of Equity)	See below	9.3%
Perpetual Growth Rate	10-Year CH Government Bond Rate	3.3%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for SWX:BOSN
Data Point	Calculation/ Source	Result
Risk-Free Rate	10-Year CH Govt Bond Rate	3.3%
Equity Risk Premium	S&P Global	6%
Trade Distributors Unlevered Beta	Simply Wall St/ S&P Global	0.92
Re-levered Beta	= Unlevered beta (1 + (1- tax rate) (Debt/Equity)) = 0.916 (1 + (1- 18%) (14.65%))	1.017
Levered Beta	Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm)	1.02
Discount Rate/ Cost of Equity	= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium) = 3.28% + (1.017 * 5.96%)	9.34%

Discounted Cash Flow Calculation for SWX:BOSN using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Bossard Holding is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

SWX:BOSN DCF 1st Stage: Next 10 year cash flow forecast
	Levered FCF (CHF, Millions)	Source	Present Value Discounted (@ 9.34%)
2019	60.35	Analyst x3	55.20
2020	53.49	Analyst x3	44.74
2021	74.17	Analyst x3	56.75
2022	89.00	Analyst x1	62.28
2023	70.00	Analyst x1	44.80
2024	58.97	Est @ -15.76%	34.52
2025	53.04	Est @ -10.05%	28.40
2026	49.83	Est @ -6.05%	24.40
2027	48.21	Est @ -3.25%	21.59
2028	47.59	Est @ -1.29%	19.49
Present value of next 10 years cash flows			CHF392.16

SWX:BOSN DCF 2nd Stage: Terminal Value
	Calculation	Result
Terminal Value	= FCF₂₀₂₈ × (1 + g) ÷ (Discount Rate – g) = CHF47.59 × (1 + 3.28%) ÷ (9.34% – 3.28%)	CHF810.78
Present Value of Terminal Value	= Terminal Value ÷ (1 + r)¹⁰ = CHF810.78 ÷ (1 + 9.34%)¹⁰	CHF332.08

SWX:BOSN Total Equity Value
	Calculation	Result
Total Equity Value	= Present value of next 10 years cash flows + Terminal Value = CHF392.16 + CHF332.08	CHF724.24
Equity Value per Share (CHF)	= Total value / Shares Outstanding = CHF724.24 / 7.62	CHF95.01

SWX:BOSN Discount to Share Price
	Calculation	Result
Value per share (CHF)	From above.	CHF95.01
Current discount	Discount to share price of CHF145.80 = -1 x (CHF145.80 - CHF95.01) / CHF95.01	-53.5%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

The current share price of Bossard Holding is above its future cash flow value.

Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.

PRICE RELATIVE TO MARKET

We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Bossard Holding's earnings, growth and assets is considered below, and whether this is a fair price.

Price based on past earnings

Are Bossard Holding's earnings available for a low price, and how does this compare to other companies in the same industry?

Raw Data

SWX:BOSN PE (Price to Earnings) Ratio Data Sources
Data Point	Source	Value
Earnings Per Share *	Company Filings (2018-12-31) in CHF	CHF10.95
SWX:BOSN Share Price **	SWX (2019-06-17) in CHF	CHF145.8
Europe Trade Distributors Industry PE Ratio	Median Figure of 70 Publicly-Listed Trade Distributors Companies	14.17x
Switzerland Market PE Ratio	Median Figure of 174 Publicly-Listed Companies	18.35x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Bossard Holding.

SWX:BOSN PE (Price to Earnings) Ratio Calculation
	Calculation	Outcome
PE Ratio	= SWX:BOSN Share Price ÷ EPS (both in CHF) = 145.8 ÷ 10.95	13.32x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

Bossard Holding is good value based on earnings compared to the Europe Trade Distributors industry average.
Bossard Holding is good value based on earnings compared to the Switzerland market.

Price based on expected Growth

Does Bossard Holding's expected growth come at a high price?

Raw Data

SWX:BOSN PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point	Source	Value
PE Ratio	See PE Ratio Section	13.32x
Net Income Annual Growth Rate	See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts	1.9%per year
Europe Trade Distributors Industry PEG Ratio	Median Figure of 33 Publicly-Listed Trade Distributors Companies	1.96x
Switzerland Market PEG Ratio	Median Figure of 125 Publicly-Listed Companies	2.14x

*Line of best fit is calculated by linear regression .

SWX:BOSN PEG (Price to Earnings to Growth) Ratio Calculation
	Calculation	Outcome
PEG Ratio	= PE Ratio ÷ Net Income Annual Growth Rate = 13.32x ÷ 1.9%	7.2x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

Bossard Holding is poor value based on expected growth next year.

Price based on value of assets

What value do investors place on Bossard Holding's assets?

Raw Data

SWX:BOSN PB (Price to Book) Ratio Data Sources
Data Point	Source	Value
Book Value per Share	Company Filings (2018-12-31) in CHF	CHF40.36
SWX:BOSN Share Price *	SWX (2019-06-17) in CHF	CHF145.8
Europe Trade Distributors Industry PB Ratio	Median Figure of 85 Publicly-Listed Trade Distributors Companies	1.21x
Switzerland Market PB Ratio	Median Figure of 215 Publicly-Listed Companies	1.67x

SWX:BOSN PB (Price to Book) Ratio Calculation
	Calculation	Outcome
PB Ratio	= SWX:BOSN Share Price ÷ Book Value per Share (both in CHF) = 145.8 ÷ 40.36	3.61x

* Primary Listing of Bossard Holding.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

Bossard Holding is overvalued based on assets compared to the Europe Trade Distributors industry average.

Value checks

We assess Bossard Holding's value by looking at:

Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
Is the PE ratio less than the market average, and/ or less than the Trade Distributors industry average (and greater than 0)? (2 checks)
Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
Is the PB ratio less than the Trade Distributors industry average (and greater than 0)? (1 check)

Full details on the Value part of the Simply Wall St company analysis model.

BOSN Future Performance

How is Bossard Holding expected to perform in the next 1 to 3 years based on estimates from 6 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!

1.9%

Expected annual growth in earnings.

Earnings growth vs Low Risk Savings

Is Bossard Holding expected to grow at an attractive rate?

Bossard Holding's earnings growth is positive but not above the low risk savings rate of 3.3%.

Growth vs Market Checks

Bossard Holding's earnings growth is positive but not above the Switzerland market average.
Bossard Holding's revenue growth is positive but not above the Switzerland market average.

Annual Growth Rates Comparison

Raw Data

SWX:BOSN Future Growth Rates Data Sources
Data Point	Source	Value (per year)
SWX:BOSN Future Earnings Growth Rate	Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts	1.9%
SWX:BOSN Future Revenue Growth Rate	Line of Best Fit* through Consensus Estimate Revenue of 6 Analysts	2.9%
Europe Trade Distributors Industry Earnings Growth Rate	Market Cap Weighted Average	10.2%
Europe Trade Distributors Industry Revenue Growth Rate	Market Cap Weighted Average	5%
Switzerland Market Earnings Growth Rate	Market Cap Weighted Average	10.9%
Switzerland Market Revenue Growth Rate	Market Cap Weighted Average	3.9%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations

Raw Data

SWX:BOSN Analysts Growth Expectations Data Sources
Data Point	Source	Value
Past Financials	Company Filings (5 months ago)	See Below
Future Estimates	Average of up to 6 Analyst Estimates (S&P Global)	See Below

All numbers in CHF Millions and using Trailing twelve months (TTM) annual period rather than quarterly.

SWX:BOSN Future Estimates Data
Date (Data in CHF Millions)	Revenue	Cash Flow	Net Income *	Avg. No. Analysts
2023-12-31	980	96		1
2022-12-31	958	116		1
2021-12-31	981	101	87	6
2020-12-31	946	98	85	6
2019-12-31	915	99	82	6

SWX:BOSN Past Financials Data
Date (Data in CHF Millions)	Revenue	Cash Flow	Net Income *
2018-12-31	871	59	83
2018-09-30	854	56	83
2018-06-30	837	53	82
2018-03-31	812	65	80
2017-12-31	786	77	78
2017-09-30	766	85	76
2017-06-30	747	93	74
2017-03-31	721	89	68
2016-12-31	695	85	61
2016-09-30	679	79	58
2016-06-30	664	73	55
2016-03-31	660	63	54

*GAAP earnings excluding extraordinary items.

High Growth Checks

Bossard Holding's earnings are expected to grow by 1.9% yearly, however this is not considered high growth (20% yearly).
Bossard Holding's revenue is expected to grow by 2.9% yearly, however this is not considered high growth (20% yearly).

Past and Future Earnings per Share

The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.

Raw Data

SWX:BOSN Past and Future Earnings per Share
Data Point	Source	Value
Past Financials	Company Filings (5 months ago)	See Below
Future Estimates	Average of up to 6 Analyst Estimates (S&P Global)	See Below

All data from Bossard Holding Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SWX:BOSN Future Estimates Data
Date (Data in CHF Millions)	EPS *	EPS High Estimate	EPS Low Estimate	Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31	11.45	11.80	11.26	5.00
2020-12-31	11.16	11.60	10.93	5.00
2019-12-31	10.85	11.31	10.32	5.00

SWX:BOSN Past Financials Data
Date (Data in CHF Millions)	EPS *
2018-12-31	10.95
2018-09-30	10.89
2018-06-30	10.83
2018-03-31	10.58
2017-12-31	10.33
2017-09-30	10.07
2017-06-30	9.80
2017-03-31	8.92
2016-12-31	8.04
2016-09-30	7.64
2016-06-30	7.24
2016-03-31	7.12

*GAAP earnings excluding extraordinary items.

Performance in 3 years

In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.

Bossard Holding is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).

Future performance checks

We assess Bossard Holding's future performance by looking at:

Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
Is the annual earnings growth rate expected to be above 20%? (1 check)
Is the annual revenue growth rate expected to be above 20%? (1 check)
Is the Return on Equity in 3 years expected to be over 20%? (1 check)

Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Bossard Holding has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

BOSN Past Performance

How has Bossard Holding performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.

Past earnings growth

Below we compare Bossard Holding's growth in the last year to its industry (Trade Distributors).

Past Earnings growth analysis

We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.

Bossard Holding's year on year earnings growth rate has been positive over the past 5 years.
Bossard Holding's 1-year earnings growth is less than its 5-year average (6.3% vs 10%)
Bossard Holding's earnings growth has not exceeded the Europe Trade Distributors industry average in the past year (6.3% vs 16.8%).

Earnings and Revenue History

Bossard Holding's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.

Raw Data

All data from Bossard Holding Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SWX:BOSN Past Revenue, Cash Flow and Net Income Data
Date (Data in CHF Millions)	Revenue	Net Income *	G+A Expenses
2018-12-31	871.07	83.44	166.95
2018-09-30	854.20	82.92	165.22
2018-06-30	837.33	82.40	163.49
2018-03-31	811.75	80.45	159.80
2017-12-31	786.18	78.50	156.10
2017-09-30	766.38	76.48	152.78
2017-06-30	746.58	74.46	149.46
2017-03-31	720.80	67.73	145.30
2016-12-31	695.02	60.99	141.14
2016-09-30	679.27	57.89	138.00
2016-06-30	663.53	54.79	134.87
2016-03-31	659.92	53.89	133.63
2015-12-31	656.31	52.98	132.39
2015-09-30	645.61	53.14	130.22
2015-06-30	634.91	53.30	128.05
2015-03-31	626.34	54.98	126.19
2014-12-31	617.76	56.66	124.33
2014-09-30	620.68	57.80	117.20
2014-06-30	623.60	58.94	110.07
2014-03-31	614.66	57.45	114.54
2013-12-31	605.72	55.96	119.02
2013-09-30	567.72	53.22	127.05
2013-06-30	529.72	50.49	135.08
2013-03-31	500.45	46.98	128.49
2012-12-31	471.17	43.46	121.89
2012-09-30	464.34	42.50	120.49
2012-06-30	457.51	41.54	119.09

*GAAP earnings excluding extraordinary items.

Performance last year

We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.

Bossard Holding has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).
Bossard Holding used its assets more efficiently than the Europe Trade Distributors industry average last year based on Return on Assets.
Bossard Holding has improved its use of capital last year versus 3 years ago (Return on Capital Employed).

Show me more strong past performing companies in the Trade Distributors industry

Past performance checks

We assess Bossard Holding's performance over the past 5 years by checking for:

Has earnings increased in past 5 years? (1 check)
Has the earnings growth in the last year exceeded that of the Trade Distributors industry? (1 check)
Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
Is the Return on Equity (ROE) higher than 20%? (1 check)
Is the Return on Assets (ROA) above industry average? (1 check)
Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)

The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Bossard Holding has a total score of 4/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

BOSN Health

How is Bossard Holding's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Bossard Holding's finances.

The net worth of a company is the difference between its assets and liabilities.

Net Worth

Bossard Holding is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
Bossard Holding's cash and other short term assets cover its long term commitments.

Balance sheet

This treemap shows a more detailed breakdown of Bossard Holding's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.

Assets

Liabilities and shares

The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.

High level of physical assets or inventory.
Debt is covered by short term assets, assets are 2.7x debt.

Historical Debt

Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.

Raw Data

All data from Bossard Holding Company Filings, last reported 5 months ago.

SWX:BOSN Past Debt and Equity Data
Date (Data in CHF Millions)	Total Equity	Total Debt	Cash & Short Term Investments
2018-12-31	309.65	162.76	32.60
2018-09-30	309.65	162.76	32.60
2018-06-30	280.45	187.22	27.44
2018-03-31	280.45	187.22	27.44
2017-12-31	263.96	144.59	20.57
2017-09-30	263.96	144.59	20.57
2017-06-30	217.51	178.77	27.56
2017-03-31	217.51	178.77	27.56
2016-12-31	207.64	181.28	22.51
2016-09-30	207.64	181.28	22.51
2016-06-30	189.09	189.01	24.07
2016-03-31	189.09	189.01	24.07
2015-12-31	186.19	177.75	29.92
2015-09-30	186.19	177.75	29.92
2015-06-30	150.34	197.08	16.62
2015-03-31	150.34	197.08	16.62
2014-12-31	210.60	123.29	25.42
2014-09-30	210.60	123.29	25.42
2014-06-30	175.65	136.17	18.43
2014-03-31	175.65	136.17	18.43
2013-12-31	167.30	126.61	25.45
2013-09-30	167.30	126.61	25.45
2013-06-30	144.91	149.32	19.29
2013-03-31	144.91	149.32	19.29
2012-12-31	51.86	227.81	25.63
2012-09-30	51.86	227.81	25.63
2012-06-30	211.80	57.56	16.53

Bossard Holding's level of debt (52.6%) compared to net worth is high (greater than 40%).
The level of debt compared to net worth has been reduced over the past 5 years (75.7% vs 52.6% today).
Debt is well covered by operating cash flow (36.2%, greater than 20% of total debt).
Interest payments on debt are well covered by earnings (EBIT is 41.1x coverage).

Show me more healthy companies in the Trade Distributors industry

Financial health checks

We assess Bossard Holding's financial health by checking for:

Are short term assets greater than short term liabilities? (1 check)
Are short term assets greater than long term liabilities? (1 check)
Has the debt to equity ratio increased in the past 5 years? (1 check)
Is the debt to equity ratio over 40%? (1 check)
Is the debt covered by operating cash flow? (1 check)
Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)

For companies that are loss making and have been so on average in the past we replace the last 2 checks with:

Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)

Full details on the Health part of the Simply Wall St company analysis model.

BOSN Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.

Annual Dividend Income

3.09%

Current annual income from Bossard Holding dividends. Estimated to be 3.16% next year.

If you bought CHF2,000 of Bossard Holding shares you are expected to receive CHF62 in your first year as a dividend.

Dividend Amount

Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?

Bossard Holding's pays a higher dividend yield than the bottom 25% of dividend payers in Switzerland (1.96%).
Bossard Holding's dividend is below the markets top 25% of dividend payers in Switzerland (3.7%).

Annualized Historical and Future Dividends

It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.

Raw Data

SWX:BOSN Annualized Past and Future Dividends
Data Point	Source	Value
Past Annualized Dividend Yield	S&P Global Market Data	See Below
Past Dividends per Share	Company Filings/ Annualized Dividend Payments	See Below
Future Dividends per Share Estimates	Average of up to 6 Analyst Estimates (S&P Global)	See Below
Europe Trade Distributors Industry Average Dividend Yield	Market Cap Weighted Average of 62 Stocks	2.6%
Switzerland Market Average Dividend Yield	Market Cap Weighted Average of 166 Stocks	3%
Switzerland Minimum Threshold Dividend Yield	10th Percentile	1.3%
Switzerland Bottom 25% Dividend Yield	25th Percentile	2%
Switzerland Top 25% Dividend Yield	75th Percentile	3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

SWX:BOSN Future Dividends Estimate Data
Date (Data in CHF)	Dividend per Share (annual)	Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31	4.71	6.00
2020-12-31	4.60	6.00
2019-12-31	4.50	6.00

SWX:BOSN Past Annualized Dividends Data
Date (Data in CHF)	Dividend per share (annual)	Avg. Yield (%)
2019-03-06	4.500	2.890
2018-03-07	4.200	2.340
2017-02-27	3.300	1.575
2016-03-02	3.000	2.448
2015-03-04	3.000	2.885
2014-03-06	3.000	2.816
2013-02-06	2.875	3.431
2013-01-15	2.875	3.861
2012-03-07	3.000	4.780
2011-02-16	3.000	4.838
2010-03-01	0.750	1.708

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

Whilst dividend payments have been stable, Bossard Holding has been paying a dividend for less than 10 years.
Dividend payments have increased, but Bossard Holding only paid a dividend in the past 9 years.

Current Payout to shareholders

What portion of Bossard Holding's earnings are paid to the shareholders as a dividend.

Dividends paid are well covered by earnings (2.4x coverage).

Future Payout to shareholders

Dividends after 3 years are expected to be well covered by earnings (2.5x coverage).

Income/ dividend checks

We assess Bossard Holding's dividend by checking for:

Firstly is the company paying a notable dividend (greater than 1.3%) - if not then the rest of the checks are ignored.
Is current dividend yield above the bottom 25% of dividend payers? (1 check)
Is current dividend yield above the top 25% of dividend payers? (1 check)
Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
If they have paid a dividend for 10 years has it increased in this time? (1 check)
How sustainable is the dividend, can Bossard Holding afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)

Full details on the Dividends part of the Simply Wall St company analysis model.

BOSN Management

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

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.

CEO

Daniel Bossard

AGE	48
TENURE AS CEO	0.2 years

CEO Bio

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, 2009 to 2018. Mr. Bossard has been Managing Director of Bossard Switzerland since January 1, 2009 and is responsible for the region North and Eastern Europe. From 2006 to 2008, he served as Sales & Marketing Manager of the Bossard Group and responsible for the re-orientation of the sales strategy as well as the development of international customer relationship. From 2003 to 2006, Mr. Bossard served as Chief Executive Officer of Bossard Denmark. He started at the Bossard Group in 2000 as e-Business Manager. Before that, he served as Consultant for Andersen Consulting (Accenture) for two and half year. Mr. Bossard serves as Member of the board of directors of the Kolin Holding AG, Zug. Mr. Bossard graduated in Business Administration and conferral of a doctorate from the University of St. Gallen (Dr.oec.HSG, Technology Management).

CEO Compensation

Insufficient data for Daniel to compare compensation growth.
Insufficient data for Daniel to establish whether their remuneration is reasonable compared to companies of similar size in Switzerland.

Management Team Tenure

Average tenure and age of the Bossard Holding management team in years:

Average Tenure

Average Age

The average tenure for the Bossard Holding management team is over 5 years, this suggests they are a seasoned and experienced team.

Management Team

Daniel Bossard

TITLE

Chief Executive Officer

AGE

48

TENURE

0.2 yrs

Stephan Zehnder

TITLE

Group Chief Financial Officer

AGE

53

TENURE

AGE

55

TENURE

10 yrs

Board of Directors Tenure

Average tenure and age of the Bossard Holding board of directors in years:

6.4

Average Tenure

49.5

Average Age

The tenure for the Bossard Holding board of directors is about average.

1.2 yrs

Patricia Heidtman

TITLE

Director

TENURE

0.4 yrs

Who owns this company?

Recent Insider Trading

No 3 month insider trading information.

Recent Insider Transactions

Announced	Type	Name	Entity	Role		Start	End	Shares	Max Price (CHF)	Value (CHF)

Management checks

We assess Bossard Holding's management by checking for:

Is the CEO's compensation unreasonable compared to market cap? (1 check)
Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
Is the average tenure of the management team less than 2 years? (1 check)
Is the average tenure of the board of directors team less than 3 years? (1 check)

Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

BOSN News

Simply Wall St News

Does Bossard Holding AG (VTX:BOSN) Have A Place In Your Dividend Portfolio?

Could Bossard Holding AG (VTX:BOSN) be an attractive dividend share to own for the long haul? … In this case, Bossard Holding likely looks attractive to dividend investors, given its 3.1% dividend yield and nine-year payment history. … Looking at the last decade of data, we can see that Bossard Holding paid its first dividend at least nine years ago.

Simply Wall St - 5 days ago – Full article

Why Bossard Holding AG (VTX:BOSN) Looks Like A Quality Company

The formula for return on equity is: Return on Equity = Net Profit ÷ Shareholders' Equity Or for Bossard Holding: 28% = CHF83m ÷ CHF310m (Based on the trailing twelve months to December 2018.) Most readers would understand what net profit is, but it’s worth explaining the concept of shareholders’ equity. … Does Bossard Holding Have A Good Return On Equity? … Bossard Holding's Debt And Its 28% ROE Although Bossard Holding does use debt, its debt to equity ratio of 0.53 is still low.

Simply Wall St - 1 week ago – Full article

Here's Why I Think Bossard Holding (VTX:BOSN) Might Deserve Your Attention Today

So if you're like me, you might be more interested in profitable, growing companies, like Bossard Holding (VTX:BOSN). … As a result, I'm encouraged by the fact that insiders own Bossard Holding shares worth a considerable sum. … Of course, you can do well (sometimes) buying stocks that are not growing earnings and do not have insiders buying shares.

Simply Wall St - 3 weeks ago – Full article

Why Fundamental Investors Might Love Bossard Holding AG (VTX:BOSN)

SWX:BOSN Income Statement, May 20th 2019 Next Steps: For Bossard Holding, I've put together three relevant aspects you should further research: Future Outlook: What are well-informed industry analysts predicting for BOSN’s future growth? … Take a look at our free research report of analyst consensus for BOSN’s outlook. … The intrinsic value infographic in our free research report helps visualize whether BOSN is currently mispriced by the market.

Simply Wall St - 4 weeks ago – Full article

Did Bossard Holding AG's (VTX:BOSN) Recent Earnings Growth Beat The Trend?

Assessing Bossard Holding AG's (VTX:BOSN) performance as a company requires looking at more than just a years' earnings data. … However, this one-year growth rate has been lower than its average earnings growth rate over the past 5 years of 10.0%, indicating the rate at which BOSN is growing has slowed down. … You should continue to research Bossard Holding to get a more holistic view of the stock by looking at: Future Outlook: What are well-informed industry analysts predicting for BOSN’s future growth?

Simply Wall St - 1 month ago – Full article

Does Bossard Holding AG (VTX:BOSN) Have A Particularly Volatile Share Price?

Modern finance theory considers volatility to be a measure of risk, and there are two main types of price volatility. … Some investors use beta as a measure of how much a certain stock is impacted by market risk (volatility). … While we should keep in mind that Warren Buffett has cautioned that 'Volatility is far from synonymous with risk', beta is still a useful factor to consider.

Simply Wall St - 1 month ago – Full article

Is Bossard Holding AG's (VTX:BOSN) Balance Sheet A Threat To Its Future?

While small-cap stocks, such as Bossard Holding AG (VTX:BOSN) with its market cap of CHF1.3b, are popular for their explosive growth, investors should also be aware of their balance sheet to judge whether the company can survive a downturn. … Evaluating financial health as part of your investment thesis is. … Let's work through some financial health checks you may wish to consider if you're interested in this stock.

Simply Wall St - 1 month ago – Full article

How Do Analysts See Bossard Holding AG (VTX:BOSN) Performing In The Next 12 Months?

Looking at Bossard Holding AG's (VTX:BOSN) earnings update in December 2018,. … with earnings expected to grow by -1.1% in the upcoming year … the higher past 5-year average growth rate of 10.0%

Simply Wall St - 2 months ago – Full article

At CHF161, Is Bossard Holding AG (VTX:BOSN) Worth Looking At Closely?

saw a decent share price growth in the teens level on the SWX over the last few months. … With many analysts covering the stock, we may expect any price-sensitive announcements have already been factored into the stock’s share price? … Let’s examine Bossard Holding’s valuation and outlook in more detail to determine if there’s still a bargain opportunity

Simply Wall St - 2 months ago – Full article

Why You Should Like Bossard Holding AG’s (VTX:BOSN) ROCE

Specifically, we'll consider its Return On Capital Employed (ROCE), since that will give us an insight into how efficiently the business can generate profits from the capital it requires. … Return On Capital Employed (ROCE): What is it? … ROCE is a measure of a company's yearly pre-tax profit (its return), relative to the capital employed in the business.

Simply Wall St - 2 months ago – Full article

BOSN Company Info

Description

Bossard Holding AG distributes fasteners, and provides related engineering and logistics services in Europe, the Americas, 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; stainless steel and other material fasteners; coatings; and standard machine elements. It also provides cold extruded, turned, milled, stamped, and bent parts, as well as special surface treatments or coating; and inventory management solutions. The company was founded in 1831 and is headquartered in Zug, Switzerland.

Details

Name:	Bossard Holding AG
Ticker:	BOSN
Exchange:	SWX
Founded:	1831
Market Cap:	CHF1,111,370,268
Shares outstanding:	7,622,567
Website:	http://www.bossard.com
Address:	Bossard Holding AG Steinhauserstrasse 70, Zug, 6300, Switzerland

Listings

Exchange Symbol	Ticker Symbol	Security	Exchange	Country	Currency	Listed on
SWX	BOSN	Bearer Shares	SIX Swiss Exchange	CH	CHF	01. Jan 1992
DB	0B7	Bearer Shares	Deutsche Boerse AG	DE	EUR	01. Jan 1992
LSE	0QS5	Bearer Shares	London Stock Exchange	GB	CHF	01. Jan 1992
BATS-CHIXE	BOSNZ	Bearer Shares	BATS 'Chi-X Europe'	GB	CHF	01. Jan 1992

Number of employees

Current staff

2,451

Bossard Holding employees.

Industry

Industry:	Trading Companies and Distributors
Sector:	Capital Goods

Company Analysis and Financial Data Status

Area	Date (UTC time)
Company Analysis updated:	2019/06/17 22:01
End of day share price update:	2019/06/17 00:00
Last estimates confirmation:	2019/06/13
Last earnings filing:	2019/03/06
Last earnings reported:	2018/12/31
Last annual earnings reported:	2018/12/31

All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.

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