Stock Analysis Report

Executive Summary

Georg Fischer AG, together with its subsidiaries, provides piping systems, casting, and machining solutions worldwide.



Excellent balance sheet average dividend payer.

Similar Companies

Share Price & News

How has Georg Fischer's share price performed over time and what events caused price changes?

Latest Share Price and Events

Market Performance

7 Day Return




CH Machinery


CH Market

1 Year Return




CH Machinery


CH Market

Return vs Industry: FI-N exceeded the Swiss Machinery industry which returned 4.5% over the past year.

Return vs Market: FI-N underperformed the Swiss Market which returned 10.7% over the past year.

Shareholder returns

7 Day1.9%0.2%-0.6%
30 Day4.8%0.08%-0.4%
90 Day6.0%0.4%1.1%
1 Year4.2%1.8%7.4%4.5%16.6%10.7%
3 Year14.4%7.2%25.6%16.8%35.5%21.9%
5 Year89.2%69.0%59.2%35.9%36.8%15.3%

Price Volatility Vs. Market

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

Simply Wall St News


Is Georg Fischer undervalued compared to its fair value and its price relative to the market?


Undervalued compared to fair value

Share Price vs. Fair Value

Below Fair Value: FI-N (CHF920) is trading below our estimate of fair value (CHF1117.15)

Significantly Below Fair Value: FI-N is trading below fair value, but not by a significant amount.

Price To Earnings Ratio

PE vs Industry: FI-N is good value based on its PE Ratio (16.2x) compared to the Machinery industry average (21.4x).

PE vs Market: FI-N is good value based on its PE Ratio (16.2x) compared to the Swiss market (18.7x).

Price to Earnings Growth Ratio

PEG Ratio: FI-N is poor value based on its PEG Ratio (1.1x)

Price to Book Ratio

PB vs Industry: FI-N is overvalued based on its PB Ratio (2.8x) compared to the CH Machinery industry average (2x).

Next Steps

Future Growth

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


Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings vs Savings Rate: FI-N's forecast earnings growth (14.3% per year) is above the savings rate (3.3%).

Earnings vs Market: FI-N's earnings (14.3% per year) are forecast to grow faster than the Swiss market (10.4% per year).

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

Revenue vs Market: FI-N's revenue (1.9% per year) is forecast to grow slower than the Swiss market (3.5% per year).

High Growth Revenue: FI-N's revenue (1.9% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: FI-N's Return on Equity is forecast to be low in 3 years time (14.9%).

Next Steps

Past Performance

How has Georg Fischer performed over the past 5 years?


Historical annual earnings growth

Earnings and Revenue History

Past Earnings Growth Analysis

Earnings Trend: FI-N's earnings have grown by 11.1% per year over the past 5 years.

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

Earnings vs Industry: FI-N had negative earnings growth (-18.3%) over the past year, making it difficult to compare to the Machinery industry average (-0.7%).

Return on Equity

High ROE: FI-N's Return on Equity (16.3%) is considered low.

Return on Assets

ROA vs Industry: FI-N has a higher Return on Assets than the Machinery industry average last year.

Return on Capital Employed

ROCE Improving: FI-N's Return on Capital Employed has declined over the past 3 years.

Next Steps

Financial Health

How is Georg Fischer's financial position?

Financial Position Analysis

Short Term Liabilities: FI-N's short term assets (CHF2.1B) exceeds its short term liabilities (CHF1.1B)

Long Term Liabilities: FI-N's short term assets (2.1B) exceeds its long term liabilities (895.0M)

Debt to Equity History and Analysis

Debt Level: FI-N's debt to equity ratio (59%) is considered high

Reducing Debt: FI-N's debt to equity ratio has reduced from 101.2% to 59% over the past 5 years.

Debt Coverage: FI-N's debt is well covered by operating cash flow (43.8%).

Interest Coverage: FI-N's interest payments on its debt are well covered by EBIT (11.5x coverage).

Balance Sheet

Inventory Level: FI-N has a high level of physical assets or inventory.

Debt Coverage by Assets: FI-N's debt is covered by short term assets (assets are 2.572810x debt).

Next Steps


What is Georg Fischer's current dividend yield, its reliability and sustainability?


Current Dividend Yield

Dividend Yield vs Market


Current dividend yield vs market & industry

Stability and Growth of Payments

Notable Dividend: FI-N's dividend (2.72%) is higher than the bottom 25% of dividend payers in the Swiss market (1.92%).

High Dividend: FI-N's dividend (2.72%) is low compared to the top 25% of dividend payers in the Swiss market (3.71%).

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

Growing Dividend: FI-N's dividend payments have increased over the past 10 years.

Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (44%), FI-N's dividend payments are well covered by earnings.

Future Payout to Shareholders

Future Dividend Coverage: FI-N's dividends in 3 years are forecast to be well covered by earnings (41.8% payout ratio).

Next Steps


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


Average management tenure


Andreas Müller (49yo)




Mr. Andreas Müller has been Chief Executive Officer, President and Head of Corporate Development at Georg Fischer AG since April 17, 2019. He was the Chief Financial Officer of Georg Fischer AG since Janua ...

Management Age and Tenure


Average Tenure


Average Age

Experienced Management: FI-N's management team is not considered experienced ( 0.5 years average tenure), which suggests a new team.

Board Age and Tenure


Average Tenure


Average Age

Experienced Board: FI-N's board of directors are considered experienced (7.6 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

Management Team

  • Daniel Vaterlaus

    Head of Risk Management & Taxes Corporation

    • Tenure: 0yrs
  • Helmut Elben

    Head of Corporate Planning and Information Technology

    • Tenure: 0yrs
  • Daniel Bösiger

    Head of Investor Relations & Head of Corporate Controlling

    • Tenure: 0yrs
  • Pascal Boillat (64yo)

    Head of GF Machining Solutions

    • Tenure: 6.8yrs
  • Beat Römer

    Head of Corporate Communications

    • Tenure: 0yrs
  • Mads Joergensen (50yo)

    CFO and Head of Corporate Finance & Controlling

    • Tenure: 0.5yrs
  • Holger Henss

    Head of Corporate Treasury

    • Tenure: 0yrs
  • Marc Lahusen

    Head of Law & Compliance

    • Tenure: 0yrs
  • Peter Ziswiler

    Head of Corporate Human Resources

    • Tenure: 0yrs
  • Andreas Müller (49yo)

    CEO, President & Head of Corporate Development

    • Tenure: 0.5yrs

Board Members

  • Andreas Koopmann (68yo)

    Independent Chairman of the Board

    • Tenure: 7.8yrs
    • Compensation: CHF528.00k
  • Eveline Saupper (61yo)

    Independent Director

    • Tenure: 4.6yrs
    • Compensation: CHF240.00k
  • Riet Cadonau (58yo)

    Non-Executive Director

    • Tenure: 3.6yrs
    • Compensation: CHF219.00k
  • Yves Serra (66yo)

    Independent Vice Chairman

    • Tenure: 0.5yrs
    • Compensation: CHF3.20m
  • Roman Boutellier (69yo)

    Independent Director

    • Tenure: 20.8yrs
    • Compensation: CHF216.00k
  • ZZ Zhang (58yo)

    Independent Director

    • Tenure: 14.8yrs
    • Compensation: CHF243.00k
  • Jasmin Staiblin (49yo)

    Independent Director

    • Tenure: 8.6yrs
    • Compensation: CHF219.00k
  • Roger Michaelis (60yo)

    Independent Director

    • Tenure: 7.6yrs
    • Compensation: CHF254.00k
  • Hubert Achermann (68yo)

    Independent Director

    • Tenure: 5.8yrs
    • Compensation: CHF279.00k

Company Information

Georg Fischer AG's company bio, employee growth, exchange listings and data sources

Key Information

  • Name: Georg Fischer AG
  • Ticker: FI-N
  • Exchange: SWX
  • Founded: 1802
  • Industry: Industrial Machinery
  • Sector: Capital Goods
  • Market Cap: CHF3.766b
  • Shares outstanding: 4.09m
  • Website: https://www.georgfischer.com

Number of Employees


  • Georg Fischer AG
  • Amsler-Laffon-Strasse 9
  • Schaffhausen
  • Schaffhausen
  • 8201
  • Switzerland


TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
GFINDB (Deutsche Boerse AG)YesRegistered SharesDEEURJan 1992
FI-NSWX (SIX Swiss Exchange)YesRegistered SharesCHCHFJan 1992
0QP4LSE (London Stock Exchange)YesRegistered SharesGBCHFJan 1992


Georg Fischer AG, together with its subsidiaries, provides piping systems, casting, and machining solutions worldwide. The company’s GF Piping Systems segment offers plastic and metal piping systems for th ...

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/22 20:33
End of Day Share Price2019/10/22 00:00
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.