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GAV

Carlo Gavazzi Holding SWX:GAV Stock Report

Last Price

CHF290.00

Market Cap

CHF206.1m

7D

1.8%

1Y

32.4%

Updated

25 May, 2022

Data

Company Financials +
GAV fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance5/6
Financial Health6/6
Dividends5/6

GAV Stock Overview

Carlo Gavazzi Holding AG, together with its subsidiaries, designs, manufactures, and markets electronic control components for building and industrial automation markets.

Carlo Gavazzi Holding Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Carlo Gavazzi Holding
Historical stock prices
Current Share PriceCHF290.00
52 Week HighCHF306.00
52 Week LowCHF217.00
Beta0.56
1 Month Change-1.70%
3 Month Change7.81%
1 Year Change32.42%
3 Year Change8.61%
5 Year Change-8.81%
Change since IPO346.15%

Recent News & Updates

Apr 13
Here's What's Concerning About Carlo Gavazzi Holding's (VTX:GAV) Returns On Capital

Here's What's Concerning About Carlo Gavazzi Holding's (VTX:GAV) Returns On Capital

To avoid investing in a business that's in decline, there's a few financial metrics that can provide early indications...

Shareholder Returns

GAVCH ElectricalCH Market
7D1.8%-1.0%-2.5%
1Y32.4%-4.3%-2.1%

Return vs Industry: GAV exceeded the Swiss Electrical industry which returned -4.3% over the past year.

Return vs Market: GAV exceeded the Swiss Market which returned -2.1% over the past year.

Price Volatility

Is GAV's price volatile compared to industry and market?
GAV volatility
GAV Average Weekly Movement3.8%
Electrical Industry Average Movement4.5%
Market Average Movement4.9%
10% most volatile stocks in CH Market8.5%
10% least volatile stocks in CH Market2.5%

Stable Share Price: GAV is not significantly more volatile than the rest of Swiss stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: GAV's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19311,033Vittorio Rossihttps://www.carlogavazzi.com

Carlo Gavazzi Holding AG, together with its subsidiaries, designs, manufactures, and markets electronic control components for building and industrial automation markets. Its products include sensors, monitoring relays, timers, energy management systems, solid state relays, electronic motor controllers, safety devices, and fieldbus systems. The company also designs and manufactures signaling equipment and safety relays for the railways market.

Carlo Gavazzi Holding Fundamentals Summary

How do Carlo Gavazzi Holding's earnings and revenue compare to its market cap?
GAV fundamental statistics
Market CapCHF206.11m
Earnings (TTM)CHF20.17m
Revenue (TTM)CHF171.53m

10.2x

P/E Ratio

1.2x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
GAV income statement (TTM)
RevenueCHF171.53m
Cost of RevenueCHF78.38m
Gross ProfitCHF93.15m
Other ExpensesCHF72.98m
EarningsCHF20.17m

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

Jun 23, 2022

Earnings per share (EPS)28.38
Gross Margin54.31%
Net Profit Margin11.76%
Debt/Equity Ratio0%

How did GAV perform over the long term?

See historical performance and comparison

Dividends

4.1%

Current Dividend Yield

42%

Payout Ratio

Valuation

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

Valuation Score

2/6

Valuation Score 2/6

  • Below Fair Value

  • Significantly Below Fair Value

  • PE vs Industry

  • PE vs Market

  • PEG Ratio

  • PB vs Industry


10.22x

Price to Earnings (PE) ratio

Share Price vs. Fair Value

Below Fair Value: GAV (CHF290) is trading above our estimate of fair value (CHF257.82)

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


Price To Earnings Ratio

PE vs Industry: GAV is good value based on its Price-To-Earnings Ratio (10.2x) compared to the Swiss Electrical industry average (11x).

PE vs Market: GAV is good value based on its Price-To-Earnings Ratio (10.2x) compared to the Swiss market (17.8x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate GAV's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: GAV's Price-To-Book Ratio (1.9x) is in line with the CH Electrical industry average.


Future Growth

How is Carlo Gavazzi Holding forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


0.9%

Forecasted annual revenue growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if GAV's forecast earnings growth is above the savings rate (-0.3%).

Earnings vs Market: Insufficient data to determine if GAV's earnings are forecast to grow faster than the Swiss market

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

Revenue vs Market: GAV's revenue (0.9% per year) is forecast to grow slower than the Swiss market (4.3% per year).

High Growth Revenue: GAV's revenue (0.9% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: GAV's Return on Equity is forecast to be low in 3 years time (18.2%).


Past Performance

How has Carlo Gavazzi Holding performed over the past 5 years?

Past Performance Score

5/6

Past Performance Score 5/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


0.7%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: GAV has high quality earnings.

Growing Profit Margin: GAV's current net profit margins (11.8%) are higher than last year (4.2%).


Past Earnings Growth Analysis

Earnings Trend: GAV's earnings have grown by 0.7% per year over the past 5 years.

Accelerating Growth: GAV's earnings growth over the past year (241.5%) exceeds its 5-year average (0.7% per year).

Earnings vs Industry: GAV earnings growth over the past year (241.5%) exceeded the Electrical industry 26%.


Return on Equity

High ROE: GAV's Return on Equity (18.8%) is considered low.


Financial Health

How is Carlo Gavazzi Holding's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: GAV's short term assets (CHF129.2M) exceed its short term liabilities (CHF37.2M).

Long Term Liabilities: GAV's short term assets (CHF129.2M) exceed its long term liabilities (CHF13.2M).


Debt to Equity History and Analysis

Debt Level: GAV is debt free.

Reducing Debt: GAV has no debt compared to 5 years ago when its debt to equity ratio was 0.1%.

Debt Coverage: GAV has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: GAV has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


Dividend

What is Carlo Gavazzi Holding current dividend yield, its reliability and sustainability?

Dividend Score

5/6

Dividend Score 5/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


4.14%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: GAV's dividend (4.14%) is higher than the bottom 25% of dividend payers in the Swiss market (1.95%).

High Dividend: GAV's dividend (4.14%) is in the top 25% of dividend payers in the Swiss market (3.92%)


Stability and Growth of Payments

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

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


Earnings Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (42.3%), GAV's dividend payments are well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its reasonably low cash payout ratio (43.9%), GAV's dividend payments are well covered by cash flows.


Discover strong dividend paying companies

Management

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

12.9yrs

Average management tenure


CEO

Vittorio Rossi (63 yo)

12.92yrs

Tenure

CHF763,000

Compensation

Mr. Vittorio Rossi has been the Chief Executive Officer of Automation Components Business at Carlo Gavazzi Holding AG since June 2009. Mr. Rossi professional career from 1985 until 2002 with the Siemens Gr...


CEO Compensation Analysis

Compensation vs Market: Vittorio's total compensation ($USD792.79K) is about average for companies of similar size in the Swiss market ($USD770.67K).

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


Leadership Team

Experienced Management: GAV's management team is seasoned and experienced (12.9 years average tenure).


Board Members

Experienced Board: GAV's board of directors are seasoned and experienced ( 13.3 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Carlo Gavazzi Holding AG's employee growth, exchange listings and data sources


Key Information

  • Name: Carlo Gavazzi Holding AG
  • Ticker: GAV
  • Exchange: SWX
  • Founded: 1931
  • Industry: Electrical Components and Equipment
  • Sector: Capital Goods
  • Implied Market Cap: CHF206.106m
  • Shares outstanding: 710.71k
  • Website: https://www.carlogavazzi.com

Number of Employees


Location

  • Carlo Gavazzi Holding AG
  • Sumpfstrasse 3
  • Steinhausen
  • Zug
  • 6312
  • Switzerland

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/05/25 00:00
End of Day Share Price2022/05/25 00:00
Earnings2021/09/30
Annual Earnings2021/03/31


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.