Carlo Gavazzi Holding
Market Cap
CHF177.0m
Last Updated
2020/02/23 20:47 UTC
Data Sources
Company Financials +
Executive Summary
Carlo Gavazzi Holding AG, together with its subsidiaries, designs, manufactures, and markets electronic control components for industrial and building automation markets.
Rewards
Risk Analysis
Dividend of 4.82% is not well covered by earnings or forecast to be in the next 3 years
Snowflake Analysis
Flawless balance sheet, good value and pays a dividend.
Similar Companies
Share Price & News
How has Carlo Gavazzi Holding's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: GAV has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
-0.8%
GAV
-1.2%
CH Electrical
-0.2%
CH Market
1 Year Return
-8.8%
GAV
14.3%
CH Electrical
16.2%
CH Market
Return vs Industry: GAV underperformed the Swiss Electrical industry which returned 14.3% over the past year.
Return vs Market: GAV underperformed the Swiss Market which returned 16.2% over the past year.
Shareholder returns
| GAV | Industry | Market | |
|---|---|---|---|
| 7 Day | -0.8% | -1.2% | -0.2% |
| 30 Day | -3.1% | 0.2% | 1.7% |
| 90 Day | -2.7% | 7.2% | 6.0% |
| 1 Year | -4.6%-8.8% | 18.8%14.3% | 21.8%16.2% |
| 3 Year | 2.2%-9.8% | 15.3%3.7% | 40.6%23.4% |
| 5 Year | 45.3%15.5% | 36.4%14.1% | 44.9%21.9% |
Price Volatility Vs. Market
How volatile is Carlo Gavazzi Holding's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
Does Carlo Gavazzi Holding AG's (VTX:GAV) CEO Salary Reflect Performance?3 weeks ago | Simply Wall St
Did Carlo Gavazzi Holding AG's (VTX:GAV) Recent Earnings Growth Beat The Trend?1 month ago | Simply Wall St
Know This Before Buying Carlo Gavazzi Holding AG (VTX:GAV) For Its DividendValuation
Is Carlo Gavazzi Holding undervalued compared to its fair value and its price relative to the market?
16.5%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: GAV (CHF249) is trading below our estimate of fair value (CHF298.07)
Significantly Below Fair Value: GAV is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: GAV is good value based on its PE Ratio (18.8x) compared to the Electrical industry average (23.6x).
PE vs Market: GAV is good value based on its PE Ratio (18.8x) compared to the Swiss market (21.1x).
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 is good value based on its PB Ratio (2x) compared to the CH Electrical industry average (2.1x).
Next Steps
Future Growth
How is Carlo Gavazzi Holding forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
3.5%
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 (-0.6%).
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 (3.5% per year) is forecast to grow faster than the Swiss market (3.3% per year).
High Growth Revenue: GAV's revenue (3.5% 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 (11.3%).
Next Steps
Past Performance
How has Carlo Gavazzi Holding performed over the past 5 years?
-4.8%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: GAV has high quality earnings.
Growing Profit Margin: GAV's current net profit margins (6.1%) are higher than last year (5.9%).
Past Earnings Growth Analysis
Earnings Trend: GAV's earnings have declined by -4.8% per year over the past 5 years.
Accelerating Growth: GAV's earnings growth over the past year (5%) exceeds its 5-year average (-4.8% per year).
Earnings vs Industry: GAV earnings growth over the past year (5%) exceeded the Electrical industry 3.3%.
Return on Equity
High ROE: GAV's Return on Equity (10.4%) is considered low.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is Carlo Gavazzi Holding's financial position?
Financial Position Analysis
Short Term Liabilities: GAV's short term assets (CHF101.6M) exceed its short term liabilities (CHF27.7M).
Long Term Liabilities: GAV's short term assets (CHF101.6M) exceed its long term liabilities (CHF13.4M).
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 0.9%.
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
Inventory Level: GAV has a high level of physical assets or inventory.
Debt Coverage by Assets: Insufficient data to determine if GAV's debt is covered by short term assets.
Next Steps
Dividend
What is Carlo Gavazzi Holding's current dividend yield, its reliability and sustainability?
4.82%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: GAV's dividend (4.82%) is higher than the bottom 25% of dividend payers in the Swiss market (1.74%).
High Dividend: GAV's dividend (4.82%) is in the top 25% of dividend payers in the Swiss market (3.38%)
Stability and Growth of Payments
Stable Dividend: GAV's dividends per share have been stable in the past 10 years.
Growing Dividend: GAV's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (90.8%), GAV's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: GAV's dividends in 3 years are not forecast to be well covered by earnings (91.5% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
10.7yrs
Average management tenure
CEO
Vittorio Rossi 0
10.7yrs
Tenure
CHF700,000
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 during 20 years with the Siemens Group u ...
CEO Compensation Analysis
Compensation vs Market: Vittorio's total compensation ($USD715.56K) is about average for companies of similar size in the Swiss market ($USD823.03K).
Compensation vs Earnings: Vittorio's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chief Financial Officer | 12.6yrs | CHF233.00k | no data | |
| Chief Executive Officer of Automation Components Business Unit | 10.7yrs | CHF700.00k | no data | |
| Head of External Corporate Communications & Investor Relations | 0yrs | no data | no data | |
| Secretary to the Board | 10.6yrs | no data | no data |
10.7yrs
Average Tenure
Experienced Management: GAV's management team is seasoned and experienced (10.7 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Director | 9.6yrs | CHF177.00k | no data | |
| Director | 16.1yrs | CHF77.00k | 0.13% CHF226.8k | |
| Vice Chairman | 0yrs | CHF154.00k | no data | |
| Chairman | 10.6yrs | no data | 41.47% CHF73.4m |
10.6yrs
Average Tenure
50yo
Average Age
Experienced Board: GAV's board of directors are seasoned and experienced ( 10.6 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 company bio, 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
- Market Cap: CHF176.967m
- Shares outstanding: 710.71k
- Website: https://www.carlogavazzi.com
Number of Employees
Location
- Carlo Gavazzi Holding AG
- Sumpfstrasse 3
- Steinhausen
- Zug
- 6312
- Switzerland
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| GAV | SWX (SIX Swiss Exchange) | Yes | Bearer Shares | CH | CHF | Jan 1992 |
| 0QL5 | LSE (London Stock Exchange) | Yes | Bearer Shares | GB | CHF | Jan 1992 |
| D9N | DB (Deutsche Boerse AG) | Yes | Bearer Shares | DE | EUR | Jan 1992 |
Biography
Carlo Gavazzi Holding AG, together with its subsidiaries, designs, manufactures, and markets electronic control components for industrial and building automation markets. The company’s products include sensors, monitoring relays, timers, energy management systems, solid state relays, electronic motor controllers, safety devices, and fieldbus systems. It also designs and manufactures signaling equipment and safety relays for the railways market. The company offers its products to original equipment manufacturers of packaging machines, plastic injection molding machines, agriculture machines, food and beverage production, conveying and material handling equipment, door and entrance control systems, lifts, and escalators, as well as heating, ventilation, and air conditioning devices. It markets its products through a network of sales companies and independent distributors, as well as through system integrators in Europe, the Middle East, Africa, North America, and the Asia-Pacific. Carlo Gavazzi Holding AG was founded in 1931 and is headquartered in Steinhausen, Switzerland.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/02/23 20:47 |
| End of Day Share Price | 2020/02/21 00:00 |
| Earnings | 2019/09/30 |
| Annual Earnings | 2019/03/31 |
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.