SWX:BRKN

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Executive Summary

Burkhalter Holding AG, through its subsidiaries, provides electrical engineering services to the construction sector in Switzerland.


Snowflake Analysis

Excellent balance sheet average dividend payer.

Share Price & News

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


Latest Share Price and Events

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


Market Performance


7 Day Return

7.8%

BRKN

6.9%

CH Construction

1.2%

CH Market


1 Year Return

-13.8%

BRKN

-7.6%

CH Construction

2.9%

CH Market

Return vs Industry: BRKN underperformed the Swiss Construction industry which returned -7.1% over the past year.

Return vs Market: BRKN underperformed the Swiss Market which returned 1.3% over the past year.


Shareholder returns

BRKNIndustryMarket
7 Day7.8%6.9%1.2%
30 Day1.5%6.1%2.5%
90 Day-8.7%-10.3%-1.5%
1 Year-13.8%-13.8%-5.7%-7.6%6.3%2.9%
3 Year-47.6%-52.8%-9.4%-17.2%15.9%4.1%
5 Year-29.0%-41.0%19.2%-0.5%28.4%6.9%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

17.84x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: BRKN (CHF66.3) is trading above our estimate of fair value (CHF63.46)

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


Price To Earnings Ratio

PE vs Industry: BRKN is poor value based on its PE Ratio (17.8x) compared to the Construction industry average (10.9x).

PE vs Market: BRKN is good value based on its PE Ratio (17.8x) compared to the Swiss market (18.9x).


Price to Earnings Growth Ratio

PEG Ratio: BRKN is poor value based on its PEG Ratio (1.9x)


Price to Book Ratio

PB vs Industry: BRKN is overvalued based on its PB Ratio (4.7x) compared to the XE Construction industry average (1x).


Next Steps

Future Growth

How is Burkhalter Holding forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

9.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: BRKN's forecast earnings growth (9.6% per year) is above the savings rate (-0.2%).

Earnings vs Market: BRKN's earnings (9.6% per year) are forecast to grow faster than the Swiss market (8.5% per year).

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

Revenue vs Market: BRKN's revenue (0.9% per year) is forecast to grow slower than the Swiss market (2.4% per year).

High Growth Revenue: BRKN's revenue (0.9% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: BRKN's Return on Equity is forecast to be high in 3 years time (28.5%)


Next Steps

Past Performance

How has Burkhalter Holding performed over the past 5 years?

-9.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: BRKN has high quality earnings.

Growing Profit Margin: BRKN's current net profit margins (4.4%) are lower than last year (4.7%).


Past Earnings Growth Analysis

Earnings Trend: BRKN's earnings have declined by -9.4% per year over the past 5 years.

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

Earnings vs Industry: BRKN had negative earnings growth (-5.2%) over the past year, making it difficult to compare to the Construction industry average (7.3%).


Return on Equity

High ROE: BRKN's Return on Equity (26.1%) is considered high.


Next Steps

Financial Health

How is Burkhalter Holding's financial position?


Financial Position Analysis

Short Term Liabilities: BRKN's short term assets (CHF192.6M) exceed its short term liabilities (CHF110.2M).

Long Term Liabilities: BRKN's short term assets (CHF192.6M) exceed its long term liabilities (CHF23.8M).


Debt to Equity History and Analysis

Debt Level: BRKN's debt to equity ratio (14.8%) is considered satisfactory.

Reducing Debt: Insufficient data to determine if BRKN's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: BRKN's debt is well covered by operating cash flow (228%).

Interest Coverage: BRKN's interest payments on its debt are well covered by EBIT (1364x coverage).


Balance Sheet


Next Steps

Dividend

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

5.58%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: BRKN's dividend (5.58%) is higher than the bottom 25% of dividend payers in the Swiss market (1.99%).

High Dividend: BRKN's dividend (5.58%) is in the top 25% of dividend payers in the Swiss market (4.06%)


Stability and Growth of Payments

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

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


Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (99.6%), BRKN's dividend payments are not well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: BRKN's dividends in 3 years are not forecast to be well covered by earnings (97.2% payout ratio).


Next Steps

Management

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

5.3yrs

Average management tenure


CEO

Marco Syfrig (59yo)

12.33yrs

Tenure

CHF786,000

Compensation

Mr. Marco Syfrig has been the Group Chief Executive Officer of Burkhalter Holding AG since January 1, 2008 and serves as its Member of the Management Board. Mr. Syfrig has been responsible for the operatio ...


CEO Compensation Analysis

Compensation vs Market: Marco's total compensation ($USD810.77K) is about average for companies of similar size in the Swiss market ($USD979.75K).

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


Leadership Team

NamePositionTenureCompensationOwnership
Marco Syfrig
Group CEO12.33yrsCHF786.00k0.029% CHF116.0k
Zeno Böhm
CFO & Member of the Management Board10yrsCHF780.00kno data
Elisabeth Dorigatti
Head of Communications & Investor Relationsno datano datano data
Christian Hunziker
Head of Swiss Projects0.50yrno datano data
Antoine Pfammatter
Managing Director0.33yrno datano data

5.3yrs

Average Tenure

Experienced Management: BRKN's management team is seasoned and experienced (5.3 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Marco Syfrig
Group CEO12.33yrsCHF786.00k0.029% CHF116.0k
Peter Weigelt
Non-Executive Director16.33yrsCHF72.00k0.50% CHF2.0m
Gaudenz Domenig
Chairman of the Board17.33yrsCHF185.00k10.68% CHF42.5m
Willy Huppi
Non-Executive Director14.33yrsCHF126.00kno data
Michèle Novak-Moser
Non-Executive Director2yrsCHF70.00kno data

14.3yrs

Average Tenure

59yo

Average Age

Experienced Board: BRKN's board of directors are seasoned and experienced ( 14.3 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

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


Key Information

  • Name: Burkhalter Holding AG
  • Ticker: BRKN
  • Exchange: SWX
  • Founded: 1959
  • Industry: Construction and Engineering
  • Sector: Capital Goods
  • Market Cap: CHF397.425m
  • Shares outstanding: 5.99m
  • Website: https://www.burkhalter.ch

Number of Employees


Location

  • Burkhalter Holding AG
  • Hohlstrasse 475
  • Zurich
  • Zurich
  • 8048
  • Switzerland

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
BRKNSWX (SIX Swiss Exchange)YesOrdinary SharesCHCHFJun 2008
BKMADB (Deutsche Boerse AG)YesOrdinary SharesDEEURJun 2008
0QO2LSE (London Stock Exchange)YesOrdinary SharesGBCHFJun 2008

Biography

Burkhalter Holding AG, through its subsidiaries, provides electrical engineering services to the construction sector in Switzerland. It provides installations services for industrial, commercial, non-residential, and residential properties, as well as infrastructure facilities. The company also provides precision services, such as installations, switchboards, servicing and maintenance, telematics, automation, and security. In addition, it offers individual security systems, such as burglar alarms and alarm, video and access control, fire alarm, smoke and heat exhaust, emergency exit, and security lighting systems; and communication cabling, mobile communication, IT security, voice over IP, unified communications and collaboration solutions. The company was formerly known as Ernst Burkhalter Ing. Burkhalter Holding AG was founded in 1959 and is based in Zürich, Switzerland. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/05/28 22:30
End of Day Share Price2020/05/28 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.