SWX:DAE

Stock Analysis Report

Executive Summary

Dätwyler Holding Inc. provides industrial components for health care, automotive, civil engineering, and consumer goods industries worldwide.


Snowflake Analysis

Excellent balance sheet average dividend payer.


Similar Companies

Share Price & News

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


Latest Share Price and Events

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


Market Performance


7 Day Return

-2.4%

DAE

-0.02%

CH Machinery

2.3%

CH Market


1 Year Return

11.3%

DAE

15.8%

CH Machinery

19.8%

CH Market

Return vs Industry: DAE underperformed the Swiss Machinery industry which returned 17.4% over the past year.

Return vs Market: DAE underperformed the Swiss Market which returned 18.9% over the past year.


Shareholder returns

DAEIndustryMarket
7 Day-2.4%-0.02%2.3%
30 Day-6.9%-0.4%2.0%
90 Day0.1%8.5%8.2%
1 Year13.7%11.3%19.1%15.8%25.6%19.8%
3 Year21.8%15.6%29.3%20.1%41.0%24.0%
5 Year71.0%57.6%88.2%61.1%56.2%31.3%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

23.12x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: DAE (CHF172.8) is trading above our estimate of fair value (CHF163.27)

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


Price To Earnings Ratio

PE vs Industry: DAE is poor value based on its PE Ratio (23.1x) compared to the Machinery industry average (22.8x).

PE vs Market: DAE is poor value based on its PE Ratio (23.6x) compared to the Swiss market (20.4x).


Price to Earnings Growth Ratio

PEG Ratio: DAE is good value based on its PEG Ratio (0.6x)


Price to Book Ratio

PB vs Industry: DAE is overvalued based on its PB Ratio (3.5x) compared to the CH Machinery industry average (2.7x).


Next Steps

Future Growth

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

60.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: DAE's forecast earnings growth (40.2% per year) is above the savings rate (-0.6%).

Earnings vs Market: DAE's earnings (40.2% per year) are forecast to grow faster than the Swiss market (10.4% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: DAE's revenue is expected to decline over the next 3 years (-4.3% per year).

High Growth Revenue: DAE's revenue is forecast to decline over the next 3 years (-4.3% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: DAE's Return on Equity is forecast to be low in 3 years time (16.1%).


Next Steps

Past Performance

How has Dätwyler Holding performed over the past 5 years?

7.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: DAE has high quality earnings.

Growing Profit Margin: DAE's current net profit margins (9.1%) are lower than last year (9.9%).


Past Earnings Growth Analysis

Earnings Trend: DAE's earnings have grown by 7.4% per year over the past 5 years.

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

Earnings vs Industry: DAE had negative earnings growth (-6.2%) over the past year, making it difficult to compare to the Machinery industry average (2.7%).


Return on Equity

High ROE: DAE's Return on Equity (14.9%) is considered low.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Dätwyler Holding's financial position?


Financial Position Analysis

Short Term Liabilities: DAE's short term assets (CHF661.8M) exceed its short term liabilities (CHF323.0M).

Long Term Liabilities: DAE's short term assets (CHF661.8M) exceed its long term liabilities (CHF183.1M).


Debt to Equity History and Analysis

Debt Level: DAE's debt to equity ratio (36.2%) is considered satisfactory.

Reducing Debt: DAE's debt to equity ratio has increased from 34.8% to 36.2% over the past 5 years.

Debt Coverage: DAE's debt is well covered by operating cash flow (57.2%).

Interest Coverage: DAE's interest payments on its debt are well covered by EBIT (141.7x coverage).


Balance Sheet

Inventory Level: DAE has a high level of physical assets or inventory.

Debt Coverage by Assets: DAE's debt is covered by short term assets (assets are 2.2x debt).


Next Steps

Dividend

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

1.77%

Current Dividend Yield


Dividend Yield vs Market

company1.8%marketbottom25%1.7%markettop25%3.4%industryaverage2.1%forecastin3Years2.1%

Current dividend yield vs market & industry

Notable Dividend: DAE's dividend (1.74%) is higher than the bottom 25% of dividend payers in the Swiss market (1.72%).

High Dividend: DAE's dividend (1.74%) is low compared to the top 25% of dividend payers in the Swiss market (3.42%).


Stability and Growth of Payments

Stable Dividend: DAE's dividend payments have been volatile in the past 10 years.

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


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (40.9%), DAE's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: DAE's dividends in 3 years are forecast to be well covered by earnings (42.4% payout ratio).


Next Steps

Management

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

4.1yrs

Average management tenure


CEO

Dirk Lambrecht (59yo)

3yrs

Tenure

CHF2,216,989

Compensation

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 t ...


CEO Compensation Analysis

Compensation vs Market: Dirk's total compensation ($USD2.29M) is above average for companies of similar size in the Swiss market ($USD1.65M).

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


Management Age and Tenure

4.1yrs

Average Tenure

55.5yo

Average Age

Experienced Management: DAE's management team is considered experienced (4.1 years average tenure).


Board Age and Tenure

4.5yrs

Average Tenure

63yo

Average Age

Experienced Board: DAE's board of directors are considered experienced (4.5 years average tenure).


Insider Trading

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.


Management Team

  • Reto Welte (60yo)

    CFO & Secretary

    • Tenure: 10.6yrs
  • Dirk Lambrecht (59yo)

    Chief Executive Officer

    • Tenure: 3yrs
    • Compensation: CHF2.22m
  • Neil Harrison (52yo)

    Head of Technical Components Division

    • Tenure: 5yrs
  • Torsten Maschke (50yo)

    Head of Sealing Solutions Division

    • Tenure: 3.3yrs

Board Members

  • Claude Cornaz (58yo)

    Director

    • Tenure: 1.8yrs
    • Compensation: CHF240.85k
  • Roland Zimmerli (85yo)

    Honorary Chairman

    • Tenure: 15yrs
  • Max Dätwyler (90yo)

    Honorary Director

    • Tenure: 21yrs
  • Paul Hälg (65yo)

    Chairman

    • Tenure: 3yrs
    • Compensation: CHF524.91k
  • Hanspeter Faessler (63yo)

    Vice Chairman

    • Tenure: 3yrs
    • Compensation: CHF371.98k
  • ZZ Zhang (58yo)

    Director

    • Tenure: 4yrs
    • Compensation: CHF219.54k
  • Jens Breu (47yo)

    Director

    • Tenure: 0.8yrs
  • Jürg Fedier (64yo)

    Director

    • Tenure: 5yrs
    • Compensation: CHF305.43k
  • Gabi Huber (63yo)

    Director

    • Tenure: 6.8yrs
    • Compensation: CHF241.01k
  • Hanno Ulmer (62yo)

    Director

    • Tenure: 5yrs
    • Compensation: CHF240.51k

Company Information

Dätwyler Holding Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Dätwyler Holding Inc.
  • Ticker: DAE
  • Exchange: SWX
  • Founded: 1915
  • Industry: Industrial Machinery
  • Sector: Capital Goods
  • Market Cap: CHF2.880b
  • Shares outstanding: 17.00m
  • Website: https://www.datwyler.com

Number of Employees


Location

  • Dätwyler Holding Inc.
  • Gotthardstrasse 31
  • Altdorf
  • Uri
  • 6460
  • Switzerland

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
DAESWX (SIX Swiss Exchange)YesBearer SharesCHCHFNov 1992
31D1DB (Deutsche Boerse AG)YesBearer SharesDEEURNov 1992
0QNJLSE (London Stock Exchange)YesBearer SharesGBCHFNov 1992
DATW.YOTCPK (Pink Sheets LLC)ADRUSUSDDec 2013

Biography

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. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/01/22 21:11
End of Day Share Price2020/01/22 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.