SWX:GEBN

Stock Analysis Report

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Executive Summary

Geberit AG develops, produces, and distributes sanitary products and systems for the residential and commercial construction industry worldwide. More Details


Snowflake Analysis

Established dividend payer with adequate balance sheet.


Similar Companies

Share Price & News

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


Latest Share Price and Events

Stable Share Price: GEBN is less volatile than 75% of Swiss stocks over the past 3 months, typically moving +/- 2% a week.

Volatility Over Time: GEBN's weekly volatility (2%) has been stable over the past year.


Market Performance


7 Day Return

-2.4%

GEBN

-1.2%

CH Building

-0.7%

CH Market


1 Year Return

0.8%

GEBN

-0.5%

CH Building

-0.8%

CH Market

Return vs Industry: GEBN matched the Swiss Building industry which returned 0.8% over the past year.

Return vs Market: GEBN exceeded the Swiss Market which returned -0.7% over the past year.


Shareholder returns

GEBNIndustryMarket
7 Day-2.4%-1.2%-0.7%
30 Day2.3%5.0%4.4%
90 Day3.9%3.4%1.8%
1 Year3.6%0.8%2.2%-0.5%2.7%-0.8%
3 Year38.8%28.2%21.1%12.1%19.1%4.3%
5 Year81.5%59.9%64.4%45.5%35.5%13.1%

Long-Term Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

31.9x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: GEBN (CHF546.8) is trading above our estimate of fair value (CHF262.87)

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


Price To Earnings Ratio

PE vs Industry: GEBN is poor value based on its PE Ratio (31.9x) compared to the CH Building industry average (31.2x).

PE vs Market: GEBN is poor value based on its PE Ratio (31.9x) compared to the Swiss market (22.8x).


Price to Earnings Growth Ratio

PEG Ratio: GEBN is poor value based on its PEG Ratio (7.3x)


Price to Book Ratio

PB vs Industry: GEBN is overvalued based on its PB Ratio (11.8x) compared to the CH Building industry average (3x).


Next Steps

Future Growth

How is Geberit forecast to perform in the next 1 to 3 years based on estimates from 16 analysts?

4.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: GEBN's forecast earnings growth (4.4% per year) is above the savings rate (-0.2%).

Earnings vs Market: GEBN's earnings (4.4% per year) are forecast to grow slower than the Swiss market (13% per year).

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

Revenue vs Market: GEBN's revenue (4.2% per year) is forecast to grow slower than the Swiss market (4.7% per year).

High Growth Revenue: GEBN's revenue (4.2% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: GEBN's Return on Equity is forecast to be high in 3 years time (29.5%)


Next Steps

Past Performance

How has Geberit performed over the past 5 years?

7.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: GEBN has high quality earnings.

Growing Profit Margin: GEBN's current net profit margins (20.8%) are higher than last year (20.7%).


Past Earnings Growth Analysis

Earnings Trend: GEBN's earnings have grown by 7.1% per year over the past 5 years.

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

Earnings vs Industry: GEBN had negative earnings growth (-4%) over the past year, making it difficult to compare to the Building industry average (-4%).


Return on Equity

High ROE: GEBN's Return on Equity (37.1%) is considered high.


Next Steps

Financial Health

How is Geberit's financial position?


Financial Position Analysis

Short Term Liabilities: GEBN's short term assets (CHF1.1B) exceed its short term liabilities (CHF851.9M).

Long Term Liabilities: GEBN's short term assets (CHF1.1B) do not cover its long term liabilities (CHF1.2B).


Debt to Equity History and Analysis

Debt Level: GEBN's debt to equity ratio (63.6%) is considered high.

Reducing Debt: GEBN's debt to equity ratio has reduced from 84.7% to 63.6% over the past 5 years.

Debt Coverage: GEBN's debt is well covered by operating cash flow (74.4%).

Interest Coverage: GEBN's interest payments on its debt are well covered by EBIT (82.6x coverage).


Balance Sheet


Next Steps

Dividend

What is Geberit current dividend yield, its reliability and sustainability?

2.07%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: GEBN's dividend (2.07%) is higher than the bottom 25% of dividend payers in the Swiss market (1.9%).

High Dividend: GEBN's dividend (2.07%) is low compared to the top 25% of dividend payers in the Swiss market (3.74%).


Stability and Growth of Payments

Stable Dividend: GEBN's dividends per share have been stable in the past 10 years.

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


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (65.9%), GEBN's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: GEBN's dividends in 3 years are forecast to be covered by earnings (63.8% payout ratio).


Next Steps

Management

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

4.8yrs

Average management tenure


CEO

Christian Buhl (47 yo)

5.83yrs

Tenure

CHF3,058,312

Compensation

Dr. Christian Buhl serves as Chairman of the Group Executive Board at Geberit AG and has been its Member of the Group Executive Board since 2015. Dr. Buhl has been the Chief Executive Officer of Geberit AG...


CEO Compensation Analysis

Compensation vs Market: Christian's total compensation ($USD3.36M) is below average for companies of similar size in the Swiss market ($USD5.92M).

Compensation vs Earnings: Christian's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Christian Buhl
Chairman of the Group Executive Board & CEO5.83yrsCHF3.06m0.036%
CHF 7.0m
Roland Iff
CFO, Head of Group Executive Area Finance & Member of the Group Executive Board15.83yrsno data0.079%
CHF 15.5m
Martin Baumüller
Head of Group Executive Area Marketing & Brands and Member of the Group Executive Board4.17yrsno data0.0095%
CHF 1.9m
Ronald van Triest
Head of Group Executive Area Sales International & Member of the Group Executive Board5.42yrsno data0.0011%
CHF 218.7k
Martin Ziegler
Head of Group Executive Area Products & Operations and Member of Group Executive Board2.83yrsno data0.0081%
CHF 1.6m
Clemens Rapp
Head of Sales Europe & Member of the Group Executive Board0.58yrno datano data
Felix Klaiber
Head of Technology/Innovationno datano datano data
Roman Sidler
Head of Corporate Communications & Investor Relationsno datano datano data
Albrecht Riebel
Head of Legal Servicesno datano datano data
Roland Held
Head of Human Resourcesno datano datano data
Roland Högger
Head Corporate Sustainability & Process Managementno datano datano data
Jürgen Haas
Head of Taxesno datano datano data

4.8yrs

Average Tenure

51yo

Average Age

Experienced Management: GEBN's management team is considered experienced (4.8 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Felix Ehrat
Non-Executive Independent Director7.83yrsCHF261.64k0.0094%
CHF 1.8m
Albert Baehny
Non-Executive Independent Chairman5.83yrsCHF941.94k0.20%
CHF 39.0m
Hartmut Reuter
Independent Vice Chairman4.58yrsCHF350.52k0.025%
CHF 4.9m
Eunice Zehnder-Lai
Non-Executive Independent Director3.58yrsCHF245.95k0.0024%
CHF 478.5k
Bernadette Koch
Non-Executive Independent Director1.58yrsCHF192.11k0.000030%
CHF 5.9k
Werner Karlen
Non-Executive Independent Director0.58yrno datano data

4.1yrs

Average Tenure

53yo

Average Age

Experienced Board: GEBN's board of directors are considered experienced (4.1 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

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


Key Information

  • Name: Geberit AG
  • Ticker: GEBN
  • Exchange: SWX
  • Founded: 1874
  • Industry: Building Products
  • Sector: Capital Goods
  • Market Cap: CHF19.530b
  • Shares outstanding: 35.76m
  • Website: https://www.geberit.com

Number of Employees


Location

  • Geberit AG
  • Schachenstrasse 77
  • Rapperswil-Jona
  • St. Gallen
  • 8645
  • Switzerland

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
GBRAXTRA (XETRA Trading Platform)YesOrdinary SharesDEEURJun 1999
GEBNSWX (SIX Swiss Exchange)YesOrdinary SharesCHCHFJun 1999
GBER.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDJun 1999
0QQ2LSE (London Stock Exchange)YesOrdinary SharesGBCHFJun 1999
GBRADB (Deutsche Boerse AG)YesOrdinary SharesDEEURJun 1999
GBER.YOTCPK (Pink Sheets LLC)UNSPONSORED ADRUSUSDMar 2010
GBRFDB (Deutsche Boerse AG)UNSPONSORED ADRDEEURMar 2010
0RQ0LSE (London Stock Exchange)CHF0.1 2ND LINEGBCHFJun 2017
GEBNESWX (SIX Swiss Exchange)CHF0.1 2ND LINECHCHFJun 2017

Biography

Geberit AG develops, produces, and distributes sanitary products and systems for the residential and commercial construction industry worldwide. The company offers installation and flushing systems, such a...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/11/25 20:47
End of Day Share Price2020/11/24 00:00
Earnings2020/09/30
Annual Earnings2019/12/31


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.