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GAV

Carlo Gavazzi HoldingSWX:GAV Stock Report

Market Cap

CHF180.5m

7D

2.8%

1Y

71.7%

Updated

15 Oct, 2021

Data

Company Financials +
GAV fundamental analysis
Snowflake Score
Valuation3/6
Future Growth1/6
Past Performance4/6
Financial Health6/6
Dividends5/6

GAV 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 PriceCHF255.00
52 Week HighCHF145.00
52 Week LowCHF276.00
Beta0.68
1 Month Change1.19%
3 Month Change-5.20%
1 Year Change71.72%
3 Year Change-12.07%
5 Year Change5.81%
Change since IPO292.31%

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...

Mar 01
What Kind Of Shareholders Hold The Majority In Carlo Gavazzi Holding AG's (VTX:GAV) Shares?

What Kind Of Shareholders Hold The Majority In Carlo Gavazzi Holding AG's (VTX:GAV) Shares?

The big shareholder groups in Carlo Gavazzi Holding AG ( VTX:GAV ) have power over the company. Institutions often own...

Feb 11
Carlo Gavazzi Holding AG's (VTX:GAV) Has Been On A Rise But Financial Prospects Look Weak: Is The Stock Overpriced?

Carlo Gavazzi Holding AG's (VTX:GAV) Has Been On A Rise But Financial Prospects Look Weak: Is The Stock Overpriced?

Carlo Gavazzi Holding's (VTX:GAV) stock is up by a considerable 21% over the past three months. However, we decided to...

Shareholder Returns

GAVCH ElectricalCH Market
7D2.8%4.0%2.0%
1Y71.7%29.8%18.7%

Return vs Industry: GAV exceeded the Swiss Electrical industry which returned 30.5% over the past year.

Return vs Market: GAV exceeded the Swiss Market which returned 19.5% over the past year.

Price Volatility

Is GAV's price volatile compared to industry and market?
GAV volatility
GAV Beta0.68
Industry Beta1.07
Market Beta1

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

Volatility Over Time: GAV's weekly volatility (3%) 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 CapCHF180.52m
Earnings (TTM)CHF12.06m
Revenue (TTM)CHF148.19m

15.0x

P/E Ratio

1.2x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
GAV income statement (TTM)
RevenueCHF148.19m
Cost of RevenueCHF68.59m
Gross ProfitCHF79.60m
ExpensesCHF67.55m
EarningsCHF12.06m

Last Reported Earnings

Mar 31, 2021

Next Earnings Date

Nov 25, 2021

Earnings per share (EPS)16.96
Gross Margin53.71%
Net Profit Margin8.14%
Debt/Equity Ratio0%

How did GAV perform over the long term?

See historical performance and comparison

Dividends

4.7%

Current Dividend Yield

71%

Payout Ratio

Valuation

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

15.03x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: GAV (CHF255) is trading above our estimate of fair value (CHF243.98)

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 PE Ratio (15x) compared to the Swiss Electrical industry average (20x).

PE vs Market: GAV is good value based on its PE Ratio (15x) compared to the Swiss market (21x).


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 (1.7x) compared to the CH Electrical industry average (2x).


Future Growth

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

9.5%

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 (-0.3%).

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 (9.5% per year) is forecast to grow faster than the Swiss market (5.2% per year).

High Growth Revenue: GAV's revenue (9.5% 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 (9.5%).


Past Performance

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

-8.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: GAV has high quality earnings.

Growing Profit Margin: GAV's current net profit margins (8.1%) are higher than last year (4.1%).


Past Earnings Growth Analysis

Earnings Trend: GAV's earnings have declined by 8.4% per year over the past 5 years.

Accelerating Growth: GAV's earnings growth over the past year (98.5%) exceeds its 5-year average (-8.4% per year).

Earnings vs Industry: GAV earnings growth over the past year (98.5%) exceeded the Electrical industry 53.9%.


Return on Equity

High ROE: GAV's Return on Equity (11.4%) is considered low.


Financial Health

How is Carlo Gavazzi Holding's financial position?


Financial Position Analysis

Short Term Liabilities: GAV's short term assets (CHF125.0M) exceed its short term liabilities (CHF35.7M).

Long Term Liabilities: GAV's short term assets (CHF125.0M) exceed its long term liabilities (CHF13.9M).


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 0.2%.

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?

4.71%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: GAV's dividend (4.71%) is higher than the bottom 25% of dividend payers in the Swiss market (1.4%).

High Dividend: GAV's dividend (4.71%) is in the top 25% of dividend payers in the Swiss market (3.69%)


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.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (70.7%), GAV's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: GAV's dividends in 3 years are forecast to be covered by earnings (77.7% payout ratio).


Next Steps

Management

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

12.3yrs

Average management tenure


CEO

Vittorio Rossi (63 yo)

12.33yrs

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 ($USD826.22K) is about average for companies of similar size in the Swiss market ($USD709.67K).

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 (12.3 years average tenure).


Board Members

Experienced Board: GAV's board of directors are seasoned and experienced ( 12.3 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
  • Market Cap: CHF180.520m
  • 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 Analysis2021/10/15 22:38
End of Day Share Price2021/10/15 00:00
Earnings2021/03/31
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.