SWX:BUCN

Stock Analysis Report

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Executive Summary

Bucher Industries AG develops, manufactures, and sells machinery, vehicles, hydraulic components, and manufacturing equipment for use in harvesting, food producing and packaging, and roads and public spaces cleaning in Asia, Americas, Europe, and internationally.


Snowflake Analysis

Flawless balance sheet established dividend payer.


Similar Companies

Share Price & News

How has Bucher Industries's share price performed over time and what events caused price changes?


Latest Share Price and Events

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


Market Performance


7 Day Return

6.4%

BUCN

3.8%

CH Machinery

1.2%

CH Market


1 Year Return

-11.6%

BUCN

1.6%

CH Machinery

2.9%

CH Market

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

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


Shareholder returns

BUCNIndustryMarket
7 Day6.4%3.8%1.2%
30 Day1.7%7.0%2.5%
90 Day-7.6%2.0%-1.5%
1 Year-8.9%-11.6%5.1%1.6%6.3%2.9%
3 Year-6.4%-12.6%3.3%-5.0%15.9%4.1%
5 Year25.4%12.4%37.1%16.0%28.4%6.9%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Bucher Industries undervalued compared to its fair value and its price relative to the market?

12.61x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: BUCN (CHF276.4) is trading above our estimate of fair value (CHF230.62)

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


Price To Earnings Ratio

PE vs Industry: BUCN is good value based on its PE Ratio (12.6x) compared to the Machinery industry average (19.1x).

PE vs Market: BUCN is good value based on its PE Ratio (12.6x) compared to the Swiss market (19.2x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: BUCN is overvalued based on its PB Ratio (2.1x) compared to the CH Machinery industry average (2x).


Next Steps

Future Growth

How is Bucher Industries forecast to perform in the next 1 to 3 years based on estimates from 8 analysts?

-2.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: BUCN's earnings are forecast to decline over the next 3 years (-2.2% per year).

Earnings vs Market: BUCN's earnings are forecast to decline over the next 3 years (-2.2% per year).

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

Revenue vs Market: BUCN's revenue is expected to decline over the next 3 years (-0.8% per year).

High Growth Revenue: BUCN's revenue is forecast to decline over the next 3 years (-0.8% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: BUCN's Return on Equity is forecast to be low in 3 years time (13%).


Next Steps

Past Performance

How has Bucher Industries performed over the past 5 years?

9.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: BUCN has high quality earnings.

Growing Profit Margin: BUCN's current net profit margins (7.2%) are lower than last year (7.3%).


Past Earnings Growth Analysis

Earnings Trend: BUCN's earnings have grown by 9.1% per year over the past 5 years.

Accelerating Growth: BUCN's earnings growth over the past year (0.5%) is below its 5-year average (9.1% per year).

Earnings vs Industry: BUCN earnings growth over the past year (0.5%) underperformed the Machinery industry 0.5%.


Return on Equity

High ROE: BUCN's Return on Equity (16.4%) is considered low.


Next Steps

Financial Health

How is Bucher Industries's financial position?


Financial Position Analysis

Short Term Liabilities: BUCN's short term assets (CHF1.8B) exceed its short term liabilities (CHF924.3M).

Long Term Liabilities: BUCN's short term assets (CHF1.8B) exceed its long term liabilities (CHF227.9M).


Debt to Equity History and Analysis

Debt Level: BUCN's debt to equity ratio (17.4%) is considered satisfactory.

Reducing Debt: BUCN's debt to equity ratio has reduced from 36% to 17.4% over the past 5 years.

Debt Coverage: BUCN's debt is well covered by operating cash flow (117.8%).

Interest Coverage: BUCN's interest payments on its debt are well covered by EBIT (344.1x coverage).


Balance Sheet


Next Steps

Dividend

What is Bucher Industries's current dividend yield, its reliability and sustainability?

2.89%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: BUCN's dividend (2.89%) is higher than the bottom 25% of dividend payers in the Swiss market (1.93%).

High Dividend: BUCN's dividend (2.89%) is low compared to the top 25% of dividend payers in the Swiss market (3.91%).


Stability and Growth of Payments

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

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


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (36.5%), BUCN's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: BUCN's dividends in 3 years are forecast to be well covered by earnings (40% payout ratio).


Next Steps

Management

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

4.3yrs

Average management tenure


CEO

Jacques Sanche (54yo)

4.08yrs

Tenure

CHF1,862,800

Compensation

Dr. Jacques Sanche, Dr. oec. HSG, has been the Chief Executive Officer at Bucher Industries AG since April 2016. Dr. Sanche served as the Chief Executive Officer of Belimo Holding AG from August 2007 to Ju ...


CEO Compensation Analysis

Compensation vs Market: Jacques's total compensation ($USD1.94M) is about average for companies of similar size in the Swiss market ($USD1.70M).

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


Leadership Team

NamePositionTenureCompensationOwnership
Jacques Sanche
Chief Executive Officer4.08yrsCHF1.86m0.036% CHF1.0m
Manuela Suter
Chief Financial Officer2.33yrsno data0.0060% CHF170.7k
Markus Beck
Head of Legal4.33yrsno datano data
Silvia Oppliger
Head of Corporate Communications1.58yrsno datano data
Stefan Düring
Head of Group Development & President of Bucher Specials Division14.33yrsno data0.013% CHF369.4k
Daniel Waller
Division President of Bucher Hydraulics16.33yrsno data0.10% CHF2.9m
Aurelio Lemos
Division President of Bucher Municipal4.33yrsno data0.0092% CHF259.2k
Thierry Krier
Division President of Kuhn Group5.58yrsno data0.027% CHF772.8k
Martin Jetter
Division President of Emhart Glass14.33yrsno data0.056% CHF1.6m
Roland Rieger
Head of Marketing of Kuhn Groupno datano datano data

4.3yrs

Average Tenure

52yo

Average Age

Experienced Management: BUCN's management team is considered experienced (4.3 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Philip Mosimann
Independent Chairman of the Board4.08yrsCHF393.90k0.47% CHF13.2m
Claude Cornaz
Independent Non-Executive Director18.33yrsCHF142.00k0.039% CHF1.1m
Heinrich Spoerry
Independent Non-Executive Director14.33yrsCHF144.50k0.038% CHF1.1m
Valentin Vogt
Independent Non-Executive Director6.08yrsCHF148.50k0.047% CHF1.3m
Anita Hauser
Independent Deputy Chairman9.33yrsCHF159.00k4.31% CHF121.7m
Michael Hauser
Independent Non-Executive Director9.08yrsCHF142.00k5.92% CHF167.3m
Martin Hirzel
Independent Non-Executive Director2.08yrsCHF142.00k0.0018% CHF50.9k

9.1yrs

Average Tenure

58yo

Average Age

Experienced Board: BUCN's board of directors are considered experienced (9.1 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

Bucher Industries AG's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Bucher Industries AG
  • Ticker: BUCN
  • Exchange: SWX
  • Founded:
  • Industry: Construction Machinery and Heavy Trucks
  • Sector: Capital Goods
  • Market Cap: CHF2.827b
  • Shares outstanding: 10.23m
  • Website: https://www.bucherindustries.com

Number of Employees


Location

  • Bucher Industries AG
  • Murzlenstrasse 80
  • Niederweningen
  • Zurich
  • 8166
  • Switzerland

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
BUCNSWX (SIX Swiss Exchange)YesRegistered SharesCHCHFJan 1994
BUHADB (Deutsche Boerse AG)YesRegistered SharesDEEURJan 1994
BCHH.FOTCPK (Pink Sheets LLC)YesRegistered SharesUSUSDJan 1994
0QQNLSE (London Stock Exchange)YesRegistered SharesGBCHFJan 1994

Biography

Bucher Industries AG develops, manufactures, and sells machinery, vehicles, hydraulic components, and manufacturing equipment for use in harvesting, food producing and packaging, and roads and public spaces cleaning in Asia, Americas, Europe, and internationally. The company operates through five divisions: Kuhn Group, Bucher Municipal, Bucher Hydraulics, Bucher Emhart Glass, and Bucher Specials. The Kuhn Group division supplies specialized agricultural machinery for tillage, planting and seeding, crop protection and nutrient management, hay and forage harvesting, and livestock bedding and feeding, as well as landscape maintenance. The Bucher Municipal division provides municipal vehicles, such as sweepers and sewer cleaning, winter maintenance, and refuse collection vehicles and equipment, as well as digital services. The Bucher Hydraulics division offers hydraulic systems, such as pumps, motors, valves, cylinders, power units, elevator drives, and control block solutions with integrated electronics. The Bucher Emhart Glass division supplies glass forming and inspection machinery, systems, components, and parts, as well as consulting and services for the glass container industry. The Bucher Specials division offers machinery and equipment for winemaking; technologies and equipment for processing fruit juice, beer, and instant products; and control systems for automation technology, as well as distributes tractors and specialized agricultural machinery. Bucher Industries AG is based in Niederweningen, Switzerland. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/05/30 21:33
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.