Dätwyler Holding
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Dätwyler Holding Inc. provides industrial components for health care, automotive, civil engineering, and consumer goods industries worldwide. The last earnings update was 105 days ago. More info.
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DAE Share Price and Events
7 Day Returns
1 Year Returns
DAE Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| Dätwyler Holding (DAE) | -3.8% | -15.9% | -7.3% | -27.7% | -8.3% | -0.8% |
| CH Machinery | -1.5% | -8.7% | -5.5% | -16.2% | 16.8% | 19.1% |
| CH Market | -0.6% | -0.9% | 0.9% | 3% | 10.7% | 9% |
1 Year Return vs Industry and Market
- DAE underperformed the Machinery industry which returned -16.2% over the past year.
- DAE underperformed the Market in Switzerland which returned 3% over the past year.
Value
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
Dätwyler 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.
Below are the data sources, inputs and calculation used to determine the intrinsic value for Dätwyler Holding.
| 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 | 9.8% |
| 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.
| Data Point | Calculation/ Source | Result |
|---|---|---|
| Risk-Free Rate | 10-Year CH Govt Bond Rate | 3.3% |
| Equity Risk Premium | S&P Global | 6% |
| Machinery Unlevered Beta | Simply Wall St/ S&P Global | 1.05 |
| Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.045 (1 + (1- 18%) (12.13%)) |
1.1 |
| Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
1.1 |
| Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 3.28% + (1.1 * 5.96%) |
9.83% |
Discounted Cash Flow Calculation for SWX:DAE using 2 Stage Free Cash Flow to Equity Model
The calculations below outline how an intrinsic value for Dätwyler 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.
| Levered FCF (CHF, Millions) | Source |
Present Value Discounted (@ 9.83%) |
|
|---|---|---|---|
| 2019 | 89.90 | Analyst x2 | 81.85 |
| 2020 | 137.53 | Analyst x3 | 114.01 |
| 2021 | 137.40 | Analyst x2 | 103.71 |
| 2022 | 167.80 | Analyst x1 | 115.32 |
| 2023 | 170.40 | Analyst x1 | 106.62 |
| 2024 | 173.91 | Est @ 2.06% | 99.08 |
| 2025 | 178.13 | Est @ 2.42% | 92.40 |
| 2026 | 182.90 | Est @ 2.68% | 86.38 |
| 2027 | 188.13 | Est @ 2.86% | 80.90 |
| 2028 | 193.74 | Est @ 2.98% | 75.85 |
| Present value of next 10 years cash flows | CHF956.12 | ||
| Calculation | Result | |
|---|---|---|
| Terminal Value |
= FCF2028
× (1 + g) ÷ (Discount Rate – g)
= CHF193.74 × (1 + 3.28%) ÷ (9.83% – 3.28%) |
CHF3,052.03 |
| Present Value of Terminal Value |
= Terminal Value ÷ (1 + r)10
= CHF3,052.03 ÷ (1 + 9.83%)10 |
CHF1,194.95 |
| Calculation | Result | |
|---|---|---|
| Total Equity Value |
= Present value of next 10 years cash flows +
Terminal Value
= CHF956.12 + CHF1,194.95 |
CHF2,151.07 |
| Equity Value per Share (CHF) |
= Total value / Shares Outstanding
= CHF2,151.07 / 17.00 |
CHF126.53 |
| Calculation | Result | |
|---|---|---|
| Value per share (CHF) | From above. | CHF126.53 |
| Current discount | Discount to share price of
CHF136.60
= -1 x (CHF136.60 - CHF126.53) / CHF126.53 |
-8% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
- The current share price of Dätwyler Holding is above its future cash flow value.
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 Dätwyler Holding's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
Dätwyler Holding's earnings available for a low price, and how does
this compare to other companies in the same industry?
| Data Point | Source | Value |
|---|---|---|
| Earnings Per Share * | Company Filings (2018-12-31) in CHF | CHF7.12 |
| SWX:DAE Share Price ** | SWX (2019-05-24) in CHF | CHF136.6 |
| Switzerland Machinery Industry PE Ratio | Median Figure of 24 Publicly-Listed Machinery Companies | 18.6x |
| Switzerland Market PE Ratio | Median Figure of 175 Publicly-Listed Companies | 18.13x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of Dätwyler Holding.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = SWX:DAE Share Price ÷ EPS (both in CHF) = 136.6 ÷ 7.12 |
19.19x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Dätwyler Holding is overvalued based on earnings compared to the CH Machinery industry average.
- Dätwyler Holding is overvalued based on earnings compared to the Switzerland market.
Price based on expected Growth
Does
Dätwyler Holding's expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | 19.19x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts |
9.8%per year |
| Switzerland Machinery Industry PEG Ratio | Median Figure of 22 Publicly-Listed Machinery Companies | 2.53x |
| Switzerland Market PEG Ratio | Median Figure of 125 Publicly-Listed Companies | 2.23x |
*Line of best fit is calculated by linear regression .
| Calculation | Outcome | |
|---|---|---|
| PEG Ratio | = PE Ratio ÷ Net Income Annual Growth Rate = 19.19x ÷ 9.8% |
1.95x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Dätwyler Holding is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on
Dätwyler Holding's
assets?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2018-12-31) in CHF | CHF48.67 |
| SWX:DAE Share Price * | SWX (2019-05-24) in CHF | CHF136.6 |
| Switzerland Machinery Industry PB Ratio | Median Figure of 25 Publicly-Listed Machinery Companies | 2.01x |
| Switzerland Market PB Ratio | Median Figure of 212 Publicly-Listed Companies | 1.59x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = SWX:DAE Share Price ÷ Book Value per Share (both in CHF) = 136.6 ÷ 48.67 |
2.81x |
* Primary Listing of Dätwyler Holding.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Dätwyler Holding is overvalued based on assets compared to the CH Machinery industry average.
Value checks
We assess Dätwyler 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 Machinery 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 Machinery industry average (and greater than 0)? (1 check) Dätwyler Holding has a total score of 0/6, see the detailed checks below.
Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.
Full details on the Value part of the Simply Wall St company analysis model.
Future Performance
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!
Earnings growth vs Low Risk Savings
- Dätwyler Holding's earnings growth is expected to exceed the low risk savings rate of 3.3%.
Growth vs Market Checks
- Dätwyler Holding's earnings growth is positive but not above the Switzerland market average.
- Dätwyler Holding's revenue growth is expected to exceed the Switzerland market average.
Annual Growth Rates Comparison
| Data Point | Source | Value (per year) |
|---|---|---|
| SWX:DAE Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts | 9.8% |
| SWX:DAE Future Revenue Growth Rate | Line of Best Fit* through Consensus Estimate Revenue of 6 Analysts | 4.2% |
| Switzerland Machinery Industry Earnings Growth Rate | Market Cap Weighted Average | 10.4% |
| Switzerland Machinery Industry Revenue Growth Rate | Market Cap Weighted Average | 4.2% |
| Switzerland Market Earnings Growth Rate | Market Cap Weighted Average | 10.9% |
| Switzerland Market Revenue Growth Rate | Market Cap Weighted Average | 3.8% |
*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
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (4 months ago) | See Below |
| Future Estimates | Average of up to 6 Analyst Estimates (S&P Global) | See Below |
| Date (Data in CHF Millions) | Revenue | Cash Flow | Net Income * | Avg. No. Analysts |
|---|---|---|---|---|
| 2023-12-31 | 1,685 | 2 | ||
| 2022-12-31 | 1,624 | 2 | ||
| 2021-12-31 | 1,584 | 224 | 163 | 6 |
| 2020-12-31 | 1,520 | 219 | 155 | 6 |
| 2019-12-31 | 1,458 | 214 | 141 | 6 |
| Date (Data in CHF Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2018-12-31 | 1,362 | 163 | 121 |
| 2018-09-30 | 1,351 | 151 | 127 |
| 2018-06-30 | 1,341 | 138 | 133 |
| 2018-03-31 | 1,316 | 125 | 128 |
| 2017-12-31 | 1,291 | 113 | 124 |
| 2017-09-30 | 1,265 | 189 | 89 |
| 2017-06-30 | 1,239 | 266 | 54 |
| 2017-03-31 | 1,228 | 178 | 56 |
| 2016-12-31 | 1,216 | 91 | 58 |
| 2016-09-30 | 1,212 | 26 | 77 |
| 2016-06-30 | 1,207 | -39 | 97 |
| 2016-03-31 | 1,186 | 67 | 89 |
*GAAP earnings excluding extraordinary items.
Past and Future Earnings per Share
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (4 months ago) | See Below |
| Future Estimates | Average of up to 6 Analyst Estimates (S&P Global) | See Below |
All data from Dätwyler Holding Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in CHF Millions) | EPS * | EPS High Estimate | EPS Low Estimate | Avg. No. Analysts |
|---|---|---|---|---|
| 2023-12-31 | 10.29 | 10.29 | 10.29 | 1.00 |
| 2022-12-31 | 9.82 | 9.82 | 9.82 | 1.00 |
| 2021-12-31 | 9.62 | 10.31 | 9.34 | 5.00 |
| 2020-12-31 | 9.10 | 9.74 | 8.70 | 6.00 |
| 2019-12-31 | 8.30 | 8.85 | 8.03 | 6.00 |
| Date (Data in CHF Millions) | EPS * |
|---|---|
| 2018-12-31 | 7.12 |
| 2018-09-30 | 7.47 |
| 2018-06-30 | 7.82 |
| 2018-03-31 | 7.55 |
| 2017-12-31 | 7.28 |
| 2017-09-30 | 5.25 |
| 2017-06-30 | 3.22 |
| 2017-03-31 | 3.34 |
| 2016-12-31 | 3.47 |
| 2016-09-30 | 4.66 |
| 2016-06-30 | 5.88 |
| 2016-03-31 | 5.46 |
*GAAP earnings excluding extraordinary items.
Future performance checks
We assess Dätwyler 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 Switzerland market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Switzerland 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)
Dätwyler Holding has a total score of 2/6, 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.
Past Performance
How has Dätwyler 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
Past Earnings growth analysis
- Dätwyler Holding's year on year earnings growth rate has been positive over the past 5 years.
- Dätwyler Holding's 1-year earnings growth is negative, it can't be compared to the 5-year average.
- Dätwyler Holding's 1-year earnings growth is negative, it can't be compared to the CH Machinery industry average.
Earnings and Revenue History
All data from Dätwyler Holding Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in CHF Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 2018-12-31 | 1,361.60 | 121.00 | 166.40 | 28.00 |
| 2018-09-30 | 1,351.30 | 126.95 | 164.25 | 27.75 |
| 2018-06-30 | 1,341.00 | 132.90 | 162.10 | 27.50 |
| 2018-03-31 | 1,316.20 | 128.30 | 160.40 | 26.80 |
| 2017-12-31 | 1,291.40 | 123.70 | 158.70 | 26.10 |
| 2017-09-30 | 1,265.30 | 89.00 | 162.75 | 25.45 |
| 2017-06-30 | 1,239.20 | 54.30 | 166.80 | 24.80 |
| 2017-03-31 | 1,227.50 | 55.95 | 165.75 | 24.20 |
| 2016-12-31 | 1,215.80 | 57.60 | 164.70 | 23.60 |
| 2016-09-30 | 1,211.50 | 77.15 | 162.00 | 23.65 |
| 2016-06-30 | 1,207.20 | 96.70 | 159.30 | 23.70 |
| 2016-03-31 | 1,186.20 | 89.45 | 155.15 | 24.20 |
| 2015-12-31 | 1,165.20 | 82.20 | 151.00 | 24.70 |
| 2015-06-30 | 1,176.60 | 91.70 | 169.60 | 26.50 |
| 2015-03-31 | 1,194.60 | 95.55 | 176.95 | 26.50 |
| 2014-12-31 | 1,212.60 | 99.40 | 184.30 | 26.50 |
| 2014-06-30 | 1,215.40 | 110.40 | 171.60 | 26.30 |
| 2014-03-31 | 1,222.70 | 113.10 | 171.10 | 25.55 |
| 2013-12-31 | 1,230.00 | 115.80 | 170.60 | 24.80 |
| 2013-06-30 | 1,092.20 | 101.60 | 139.20 | 22.60 |
| 2013-03-31 | 1,062.25 | 95.50 | 137.75 | 21.85 |
| 2012-12-31 | 1,032.30 | 89.40 | 136.30 | 21.10 |
| 2012-06-30 | 941.30 | 91.60 | -44.20 | 27.80 |
*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.
- Dätwyler Holding has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
- Dätwyler Holding used its assets more efficiently than the CH Machinery industry average last year based on Return on Assets.
- Dätwyler Holding has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
Past performance checks
We assess Dätwyler 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 Machinery 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)
Dätwyler Holding has a total score of 3/6, 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.
Health
How is Dätwyler 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 Dätwyler Holding's finances.
The net worth of a company is the difference between its assets and liabilities.
- Dätwyler Holding is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
- Dätwyler Holding's cash and other short term assets cover its long term commitments.
Balance sheet
Assets
Liabilities and shares
- High level of physical assets or inventory.
- Debt is covered by short term assets, assets are 2.3x 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.
All data from Dätwyler Holding Company Filings, last reported 4 months ago.
| Date (Data in CHF Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2018-12-31 | 827.40 | 281.70 | 170.80 |
| 2018-09-30 | 827.40 | 281.70 | 170.80 |
| 2018-06-30 | 907.60 | 159.20 | 222.00 |
| 2018-03-31 | 907.60 | 159.20 | 222.00 |
| 2017-12-31 | 898.50 | 164.00 | 281.80 |
| 2017-09-30 | 898.50 | 164.00 | 281.80 |
| 2017-06-30 | 816.90 | 161.20 | 284.00 |
| 2017-03-31 | 816.90 | 161.20 | 284.00 |
| 2016-12-31 | 805.50 | 181.20 | 317.50 |
| 2016-09-30 | 805.50 | 181.20 | 317.50 |
| 2016-06-30 | 725.20 | 158.90 | 111.00 |
| 2016-03-31 | 725.20 | 158.90 | 111.00 |
| 2015-12-31 | 726.10 | 172.80 | 302.00 |
| 2015-06-30 | 703.30 | 162.90 | 283.60 |
| 2015-03-31 | 703.30 | 162.90 | 283.60 |
| 2014-12-31 | 753.20 | 197.10 | 321.10 |
| 2014-06-30 | 706.60 | 246.80 | 347.10 |
| 2014-03-31 | 706.60 | 246.80 | 347.10 |
| 2013-12-31 | 660.80 | 235.30 | 272.40 |
| 2013-06-30 | 590.10 | 210.90 | 166.80 |
| 2013-03-31 | 590.10 | 210.90 | 166.80 |
| 2012-12-31 | 550.90 | 310.90 | 248.50 |
| 2012-06-30 | 646.90 | 47.70 | 95.00 |
- Dätwyler Holding's level of debt (34%) compared to net worth is satisfactory (less than 40%).
- The level of debt compared to net worth has been reduced over the past 5 years (35.6% vs 34% today).
- Debt is well covered by operating cash flow (57.8%, greater than 20% of total debt).
- Interest payments on debt are well covered by earnings (EBIT is 105.9x coverage).
Financial health checks
We assess Dätwyler 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) Dätwyler Holding has a total score of 6/6, see the detailed checks below.
- 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.
Dividends
What is Dätwyler 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
If you bought
CHF2,000 of
Dätwyler Holding
shares you are expected to receive
CHF44
in your first year as a dividend.
Dividend Amount
- Dätwyler Holding's pays a higher dividend yield than the bottom 25% of dividend payers in Switzerland (1.98%).
- Dätwyler Holding's dividend is below the markets top 25% of dividend payers in Switzerland (3.75%).
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.
| 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 |
| Switzerland Machinery Industry Average Dividend Yield | Market Cap Weighted Average of 20 Stocks | 2.4% |
| Switzerland Market Average Dividend Yield | Market Cap Weighted Average of 166 Stocks | 3.1% |
| Switzerland Minimum Threshold Dividend Yield | 10th Percentile | 1.3% |
| Switzerland Bottom 25% Dividend Yield | 25th Percentile | 2% |
| Switzerland Top 25% Dividend Yield | 75th Percentile | 3.8% |
Industry and Market average data is calculated daily.
Note all dividend per share amounts are annualized and not quarterly or other period.
| Date (Data in CHF) | Dividend per Share (annual) | Avg. No. Analysts |
|---|---|---|
| 2023-12-31 | 4.00 | 1.00 |
| 2022-12-31 | 4.00 | 1.00 |
| 2021-12-31 | 3.99 | 5.00 |
| 2020-12-31 | 3.78 | 6.00 |
| 2019-12-31 | 3.48 | 6.00 |
| Date (Data in CHF) | Dividend per share (annual) | Avg. Yield (%) |
|---|---|---|
| 2019-02-08 | 3.000 | 2.034 |
| 2018-02-06 | 3.000 | 1.745 |
| 2017-02-03 | 2.200 | 1.343 |
| 2016-04-07 | 2.200 | 1.587 |
| 2015-03-03 | 2.200 | 1.688 |
| 2014-02-27 | 2.800 | 2.279 |
| 2014-01-15 | 2.800 | 2.134 |
| 2013-03-11 | 2.600 | 2.465 |
| 2012-02-29 | 2.200 | 2.878 |
| 2011-03-16 | 2.200 | 3.613 |
| 2010-01-04 | 1.200 | 1.780 |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Dätwyler Holding has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
- Dividend payments have increased, but Dätwyler Holding only paid a dividend in the past 9 years.
Income/ dividend checks
We assess Dätwyler 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 Dätwyler Holding afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) Dätwyler Holding has a total score of 3/6, see the detailed checks below.
Full details on the Dividends part of the Simply Wall St company analysis model.
Management
CEO
| COMPENSATION | CHF2,216,989 |
| AGE | 58 |
| TENURE AS CEO | 2.3 years |
CEO Bio
Mr. Dirk Lambrecht has been Chief Executive Officer at Dätwyler Holding Inc. since January 2017. Mr. Lambrecht served as the Head of Sealing Solutions Division at Dätwyler Holding Inc. from November 2012 to October 1, 2016. Mr. Lambrecht served as the Head of Sealing Technologies Division at Dätwyler Holding Inc. from May 1, 2005 to October 2012. Mr. Lambrecht served as the Head of the Rubber Plastics Division of Dätwyler Holding Inc. since May 1, 2005. He has experience in various management positions in the international rubber industry. Before joining Daetwyler, he managed Phoenix Traffic Technology GmbH, a subsidiary of Phoenix AG. Prior to that, from 1987 to 2003, he held a number of international management positions with Phoenix AG in Hamburg. He is a Director of Dätwyler Cabling Solutions AG, a sister company of publicly listed Dätwyler Holding Inc. Mr. Lambrecht earned a degree in mechanical engineering, specializing in apparatus engineering, from Hamburg University of Applied Sciences and completed further studies, including a programme at the Management School St. Gallen and holds a Master of Science in Machine Engineering.
CEO Compensation
- Dirk's compensation has been consistent with company performance over the past year, both up more than 20%.
- Dirk's remuneration is higher than average for companies of similar size in Switzerland.
Management Team Tenure
Average tenure and age of the Dätwyler Holding management team in years:
- The tenure for the Dätwyler Holding management team is about average.
Management Team
Dirk Lambrecht
Chief Executive Officer
CHF2M
58
2.3 yrs
Reto Welte
CFO & Secretary
59
9.9 yrs
Neil Harrison
Head of Technical Components Division
51
4.3 yrs
Torsten Maschke
Head of Sealing Solutions Division
49
2.6 yrs
Board of Directors Tenure
Average tenure and age of the Dätwyler Holding board of directors in years:
- The tenure for the Dätwyler Holding board of directors is about average.
Board of Directors
Paul Hälg
Chairman
CHF525K
64
2.3 yrs
Hanspeter Faessler
Vice Chairman
CHF372K
62
2.3 yrs
Roland Zimmerli
Honorary Chairman
84
14.3 yrs
Jürg Fedier
Director
CHF305K
63
4.3 yrs
Gabi Huber
Director
CHF241K
62
6.1 yrs
Hanno Ulmer
Director
CHF241K
61
4.3 yrs
ZZ Zhang
Director
CHF220K
57
3.3 yrs
Claude Cornaz
Director
CHF241K
57
1.2 yrs
Jens Breu
Director
46
0.2 yrs
Max Dätwyler
Honorary Director
89
20.3 yrs
Who owns this company?
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price (CHF) | Value (CHF) | |
|---|---|---|---|---|---|---|---|---|---|---|
Management checks
We assess Dätwyler 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) Dätwyler Holding has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.
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.
News
Simply Wall St News
Here's What Dätwyler Holding Inc.'s (VTX:DAE) P/E Is Telling Us
Check out our latest analysis for Dätwyler Holding How Do I Calculate A Price To Earnings Ratio? … The formula for P/E is: Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS) Or for Dätwyler Holding: P/E of 19.95 = CHF142 ÷ CHF7.12 (Based on the year to December 2018.) Is A High Price-to-Earnings Ratio Good? … A higher P/E ratio means that investors are paying a higher price for each CHF1 of company earnings.
Simply Wall St - – Full articleEstimating The Fair Value Of Dätwyler Holding Inc. (VTX:DAE)
Where possible we use analyst estimates, but when these aren't available we extrapolate the previous free cash flow (FCF) from the last estimate or reported value. … We assume companies with shrinking free cash flow are will slow their rate of shrinkage, and that companies with growing free cash flow will see their growth rate slow, over this period. … A DCF is all about the idea that a dollar in the future is less valuable than a dollar today, so we need to discount the sum of these future cash flows to arrive at a present value estimate: 10-year free cash flow (FCF) forecast 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 Levered FCF (CHF, Millions) CHF89.90 CHF137.53 CHF137.40 CHF167.80 CHF170.40 CHF173.91 CHF178.13 CHF182.90 CHF188.13 CHF193.74 Growth Rate Estimate Source Analyst x2 Analyst x3 Analyst x2 Analyst x1 Analyst x1 Est @ 2.06% Est @ 2.42% Est @ 2.68% Est @ 2.86% Est @ 2.98% Present Value (CHF, Millions) Discounted @ 9.83% CHF81.86 CHF114.02 CHF103.72 CHF115.34 CHF106.65 CHF99.10 CHF92.43 CHF86.41 CHF80.93 CHF75.89 Present Value of 10-year Cash Flow (PVCF)= CHF956.34m "Est" = FCF growth rate estimated by Simply Wall St The second stage is also known as Terminal Value, this is the business's cash flow after the first stage.
Simply Wall St - – Full articleIs Dätwyler Holding Inc.'s (VTX:DAE) 15% ROE Strong Compared To Its Industry?
This article is for those who would like to learn about Return On Equity (ROE). … That means that for every CHF1 worth of shareholders' equity, it generated CHF0.15 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity
Simply Wall St - – Full articleHow Do Analysts See Dätwyler Holding Inc. (VTX:DAE) Performing In The Next 12 Months?
Looking at Dätwyler Holding Inc.'s (VTX:DAE) earnings update in December 2018,. … with earnings expected to grow by 17% in the upcoming year … the past 5-year average growth rate of 2.0%
Simply Wall St - – Full articleHow Many Dätwyler Holding Inc. (VTX:DAE) Shares Do Institutions Own?
The big shareholder groups in Dätwyler Holding Inc. … Generally speaking, as a company grows, institutions will increase their ownership. … Conversely, insiders often decrease their ownership over time.
Simply Wall St - – Full articleDätwyler Holding Inc. (VTX:DAE): Cash Is King
I’ve analysed below, the health and outlook of Dätwyler Holding’s cash flow, which will help you understand the stock from a cash standpoint. … Dätwyler Holding’s free cash flow (FCF) is the level of cash flow the business generates from its operational activities, after it reinvests in the company as capital expenditure. … I will be analysing Dätwyler Holding’s FCF by looking at its FCF yield and its operating cash flow growth.
Simply Wall St - – Full articleWhy Dätwyler Holding Inc. (VTX:DAE) Is A Financially Healthy Company
Stocks with market capitalization between $2B and $10B, such as Dätwyler Holding Inc. … This article will examine DAE’s financial liquidity and debt levels to get an idea of whether the company can deal with cyclical downturns and maintain funds to accommodate strategic spending for future growth. … Remember this is a very top-level look that focuses exclusively on financial health, so I recommend a deeper analysis.
Simply Wall St - – Full articleWhy We Like Dätwyler Holding Inc.’s (VTX:DAE) 17% Return On Capital Employed
Specifically, we're going to calculate its Return On Capital Employed (ROCE), in the hopes of getting some insight into the business. … What is Return On Capital Employed (ROCE)? … ROCE is a metric for evaluating how much pre-tax income (in percentage terms) a company earns on the capital invested in its business.
Simply Wall St - – Full articleWill Dätwyler Holding Inc.'s (VTX:DAE) Earnings Grow In The Years Ahead?
Dätwyler Holding Inc.'s (VTX:DAE) released its most recent earnings update in December 2018, whicha
Simply Wall St - – Full articleShould You Buy Dätwyler Holding Inc. (VTX:DAE) For Its Dividend?
A large part of investment returns can be generated by dividend-paying stock given their role in compounding returns over time. … Historically, Dätwyler Holding Inc. … Let's take a look at Dätwyler Holding in more detail.
Simply Wall St - – Full articleCompany Info
Description
Dätwyler Holding Inc. provides industrial components for health care, automotive, civil engineering, and consumer goods industries worldwide. The company operates in two divisions, Sealing Solutions and Technical Components. The Sealing Solutions division supplies customer specific sealing, closure, and packaging solutions. This division offers rubber and aluminum/plastic products for health care applications; rubber products for diagnostics and drug delivery systems; molded rubber components for automotive and industrial applications; and extruded products for civil engineering, track superstructure, and building construction applications. It serves manufacturers and contract fillers of injectable drugs; manufacturers of diagnostic products and parenteral drug delivery systems; automotive system suppliers; component manufacturers; and construction, packaging, and tool industries. The Technical Components division engages in the branded wholesale and online distribution of electronic, automation, and ICT components and accessories. This division’s products include electronics and automation products, electronic components and connectors, electrical engineering products, I&C equipment, ICT components and accessories, building technology and building automation products, and alarm and security technology products. It serves industrial companies, small to medium-sized businesses, retailers, resellers, technical schools, government agencies, and private customers. The company was founded in 1915 and is based in Altdorf, Switzerland. Dätwyler Holding Inc. is a subsidiary of Pema Holding AG.
Details
| Name: | Dätwyler Holding Inc. |
| DAE | |
| Exchange: | SWX |
| Founded: | 1915 |
| CHF2,322,200,000 | |
| 17,000,000 | |
| Website: | http://www.datwyler.com |
| Address: |
Dätwyler Holding Inc. Gotthardstrasse 31, Altdorf, Uri, 6460, Switzerland |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| SWX | DAE | Bearer Shares | SIX Swiss Exchange | CH | CHF | 02. Nov 1992 | |
| DB | 31D1 | Bearer Shares | Deutsche Boerse AG | DE | EUR | 02. Nov 1992 | |
| LSE | 0QNJ | Bearer Shares | London Stock Exchange | GB | CHF | 02. Nov 1992 | |
| BATS-CHIXE | DAEZ | Bearer Shares | BATS 'Chi-X Europe' | GB | CHF | 02. Nov 1992 | |
| OTCPK | DATW.Y | ADR | Pink Sheets LLC | US | USD | 27. Dec 2013 |
Number of employees
Current staff
Industry
| Industrial Machinery | |
| Capital Goods |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/05/24 21:07 |
| End of day share price update: | 2019/05/24 00:00 |
| Last estimates confirmation: | 2019/05/08 |
| Last earnings filing: | 2019/02/08 |
| 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.
