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Dätwyler Holding

SWX:DAE
Snowflake Description

Flawless balance sheet with acceptable track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
DAE
SWX
CHF2B
Market Cap
  1. Home
  2. CH
  3. Capital Goods
Company description

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
-3.8%
SWX:DAE
-1.5%
CH Machinery
-0.6%
CH Market
1 Year Returns
-27.7%
SWX:DAE
-16.2%
CH Machinery
3%
CH Market
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.
Price Volatility
DAE
Industry
5yr Volatility vs Market

Value

 Is Dätwyler 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 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.
Raw Data

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

SWX:DAE 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 9.8%
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.

Calculation of Discount Rate/ Cost of Equity for SWX:DAE
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.

SWX:DAE DCF 1st Stage: Next 10 year cash flow forecast
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
SWX:DAE DCF 2nd Stage: Terminal Value
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
SWX:DAE Total Equity Value
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
SWX:DAE Discount to Share Price
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.
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 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?
Raw Data
SWX:DAE PE (Price to Earnings) Ratio Data Sources
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.

SWX:DAE PE (Price to Earnings) Ratio Calculation
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?
Raw Data
SWX:DAE PEG (Price to Earnings to Growth) Ratio Data Sources
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 .

SWX:DAE PEG (Price to Earnings to Growth) Ratio Calculation
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?
Raw Data
SWX:DAE PB (Price to Book) Ratio Data Sources
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
SWX:DAE PB (Price to Book) Ratio Calculation
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.
X
Value checks
We assess Dätwyler Holding's value by looking at:
  1. 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. )
  2. Is the PE ratio less than the market average, and/ or less than the Machinery industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Machinery industry average (and greater than 0)? (1 check)
  5. 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

 How is Dätwyler 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!
Annual Growth Rate
9.8%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Dätwyler Holding expected to grow at an attractive rate?
  • 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
Raw Data
SWX:DAE Future Growth Rates Data Sources
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
Raw Data
SWX:DAE Analysts Growth Expectations Data Sources
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 numbers in CHF Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
SWX:DAE Future Estimates Data
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
SWX:DAE Past Financials Data
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.

Super high growth metrics
High Growth Checks
  • Dätwyler Holding's earnings are expected to grow by 9.8% yearly, however this is not considered high growth (20% yearly).
  • Dätwyler Holding's revenue is expected to grow by 4.2% 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:DAE 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.

SWX:DAE Future Estimates Data
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
SWX:DAE Past Financials Data
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.

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.
  • Dätwyler Holding is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Dätwyler Holding's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Switzerland market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Switzerland market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. 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.
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
Below we compare Dätwyler Holding's growth in the last year to its industry (Machinery).
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.
  • 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
Dätwyler 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 Dätwyler Holding Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

SWX:DAE Past Revenue, Cash Flow and Net Income Data
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).
X
Past performance checks
We assess Dätwyler Holding's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Machinery industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. 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.
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.
Net Worth
  • 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
This treemap shows a more detailed breakdown of Dätwyler 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 2.3x 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.
Raw Data

All data from Dätwyler Holding Company Filings, last reported 4 months ago.

SWX:DAE Past Debt and Equity Data
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).
X
Financial health checks
We assess Dätwyler Holding's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Dätwyler Holding has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. 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
Dividend payments
2.2%
Current annual income from Dätwyler Holding dividends. Estimated to be 2.75% next year.
If you bought CHF2,000 of Dätwyler Holding shares you are expected to receive CHF44 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?
  • 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.
Raw Data
SWX:DAE 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
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.

SWX:DAE Future Dividends Estimate Data
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
SWX:DAE Past Annualized Dividends Data
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.
Current Payout to shareholders
What portion of Dätwyler 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 (2.4x coverage).
X
Income/ dividend checks
We assess Dätwyler Holding's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.3%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. 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)
  7. 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

 What is the CEO of Dätwyler 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
Dirk Lambrecht
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:

3.5
Average Tenure
54.5
Average Age
  • The tenure for the Dätwyler Holding management team is about average.
Management Team

Dirk Lambrecht

TITLE
Chief Executive Officer
COMPENSATION
CHF2M
AGE
58
TENURE
2.3 yrs

Reto Welte

TITLE
CFO & Secretary
AGE
59
TENURE
9.9 yrs

Neil Harrison

TITLE
Head of Technical Components Division
AGE
51
TENURE
4.3 yrs

Torsten Maschke

TITLE
Head of Sealing Solutions Division
AGE
49
TENURE
2.6 yrs
Board of Directors Tenure

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

3.8
Average Tenure
62
Average Age
  • The tenure for the Dätwyler Holding board of directors is about average.
Board of Directors

Paul Hälg

TITLE
Chairman
COMPENSATION
CHF525K
AGE
64
TENURE
2.3 yrs

Hanspeter Faessler

TITLE
Vice Chairman
COMPENSATION
CHF372K
AGE
62
TENURE
2.3 yrs

Roland Zimmerli

TITLE
Honorary Chairman
AGE
84
TENURE
14.3 yrs

Jürg Fedier

TITLE
Director
COMPENSATION
CHF305K
AGE
63
TENURE
4.3 yrs

Gabi Huber

TITLE
Director
COMPENSATION
CHF241K
AGE
62
TENURE
6.1 yrs

Hanno Ulmer

TITLE
Director
COMPENSATION
CHF241K
AGE
61
TENURE
4.3 yrs

ZZ Zhang

TITLE
Director
COMPENSATION
CHF220K
AGE
57
TENURE
3.3 yrs

Claude Cornaz

TITLE
Director
COMPENSATION
CHF241K
AGE
57
TENURE
1.2 yrs

Jens Breu

TITLE
Director
AGE
46
TENURE
0.2 yrs

Max Dätwyler

TITLE
Honorary Director
AGE
89
TENURE
20.3 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)
X
Management checks
We assess Dätwyler Holding's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. 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 -

Estimating 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 -

Is 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 -

How 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 -

How 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 -

Dätwyler 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 -

Why 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 -

Why 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 -

Will 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 -

Should 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 -

Company 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
Staff numbers
8,118
Dätwyler Holding employees.
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.